Job market is poppin

Sep 30, 2018 37 Comments

For us younger engineers, the job and stock market have been treating us very well for our entire careers.

Can the older folks provide some advice on how things are like in a downturn? What can we do now to shield ourselves (financially, job stability, etc) when the next downturn happens?

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TOP 37 Comments
  • Oath / Mgmt
    Atinlay

    Go to company page Oath Mgmt

    Atinlay
    Don’t be like the other shitbirds on here with high TC but still carrying student debt.
    Sep 30, 2018 10
    • No debt is never, ever the optimal capital structure due to taxes. This is true for both corporations and individuals. Paying off debt lowers risk, but not as much as it limits upside. Find whatever balance works for you and stick with it.
      Sep 30, 2018
    • Oath / Mgmt
      Atinlay

      Go to company page Oath Mgmt

      Atinlay
      Pay it off and you’ll never have to think about it again!!
      Sep 30, 2018
  • Oath / Mgmt
    Atinlay

    Go to company page Oath Mgmt

    Atinlay
    Thank your president for the success and vote accordingly!
    Sep 30, 2018 0
  • New / Mgmt
    LOVE22

    New Mgmt

    LOVE22
    Living within ones means is a rule I've lived by for decades. And has served me well.
    Sep 30, 2018 2
    • What is your living within ones name
      Sep 30, 2018
    • New / Mgmt
      LOVE22

      New Mgmt

      LOVE22
      Limiting unnecessary liabilities as a starter.

      Having a large enough savings cushion to pay monthly obligations should one become unemployment for an extended period of time.
      Sep 30, 2018
  • Airbnb
    CEODash

    Go to company page Airbnb

    CEODash
    Going to fang is too late dude. If you get in now, more likely your toc will suffer in the next recession. You need to get ahead of others, not following the herd. Choose a start up and retire after it 10x.
    Sep 30, 2018 5
  • There are always lots of layoffs when the economy turns bad, it has nothing to do with you.
    Have six months of expenses saved up in cash or equivalents at all times. Do not assume you can borrow money if you lose your job. The first thing that happened in ‘08 was equity lines of credit were called in.
    Sep 30, 2018 4