SWEs who work at Netflix, what do you do with that much cash every month?
I am expecting an offer from Netflix. With offers from others in FAANG, I would let the RSUs intact but will need to be smart with all that cash if I decide to join Netflix. Do you invest all/large portion of that back into stocks? Blind tax: Currently L6 at AWS, 12 YOE, $485K #engineering #software #swe
Taxes and shit
Well they’re in California So its just half With 20% going to mortgage and gas and plastic bag tax
^You forgot to include grocery tax
People ride electric in California. What the hell is gas?
Child cost $$.
The smartest thing is to work remote from other states to save State tax on paycheck.
Yes but there is a salary adjustment that needs to be considered.
Yea small reduction in base pay! Lower cost of living will offset that. As long as RSU are same I am not worried
Nflx stock option program
Buy Netflix stocks worth whatever RSUs you think you would hv got, that would be same as what you want. Not saying that would be the right thing to do.
H00kers and blow!
I save…a lot. I personally take advantage of all pre-tax offerings (401k, HSA, etc). I also contribute to our stock option plan (about 100k a year right now). Post tax a lot goes towards things like mega Roth, 529 and brokerage accounts. I’m also saving to purchase a new primary residence and another rental unit out of state.
Mortgage for a 1300sqft house costing $1.8M.
They can burn if they want