Re:Is software development really a dead-end job after age 3...
by kelnos on Friday November 17, 2017 @08:13PM
(#15727240)
The problem becomes when you're a 50 year old individual contributor who gets laid of when the company isn't doing well, and then you can't get a job because of a mix of ageism and the fact that you don't have any in-demand specific skills beyond "can program".
Not saying this will definitely happen, but it's a risk, and you don't need to be a ladder-climber to protect against it.
I think most people would probably do better if they just stopped allowing their expenses to grow with their income, and saved and invested more, both in equities and in forms of passive income (like rental real estate). That way, not only are you insulated from shifts in the industry around your primary employment, but you can also probably retire early.
Not saying this will definitely happen, but it's a risk, and you don't need to be a ladder-climber to protect against it.
I think most people would probably do better if they just stopped allowing their expenses to grow with their income, and saved and invested more, both in equities and in forms of passive income (like rental real estate). That way, not only are you insulated from shifts in the industry around your primary employment, but you can also probably retire early.