The key is to work hard when you start out, save, invest, and live cheaply.
Anchor your salary as high as possible as quickly as possible to establish what you're worth and then move.
Bay area tech beaucoup bucks in flyover country is a recipe for early retirement.
How would I justify a Bay area salary to Dutch companies?
Also, visa sponsoring is hard. Triplebyte and the like never considered me.
Does anyone get paid bay area rates in other areas? I have never heard of this. I work remotely for a bay area company and get paid based on local rates.
In smaller markets the same supply and demand exists, but there are far fewer options and possibly less willingness on the part of employers to compete for new hires.
A tech business in a smaller market might be growth constrained by a lack of talent and that may be fine. Tech employers in the bay area are generally under a lot of pressure to grow.
What is the commute like in NYC?
My commute time is 30 - 45 mins and I pay $1100 for my room outside of Manhattan.
I think you need to define ‘best’ here. 80% of American millionaires today are first generation wealth, so if by ‘best’ you meant ‘most likely’, you’d be wrong.
[1] https://www.investopedia.com/financial-edge/0810/7-millionai...
So which is it?
But thank you for bringing some more relevant evidence.
It's good that inheritance seems to be less than half at all levels. But I'd still say getting it for free is 'best'.
That's what has been true until how. But is it still true for the future? Interest rates are low, money is cheap. The rare resources are connections and cleverness.
If you inherit wealth, it's likely that you also got some connections. But life in that rich bubble, does it prepare the heir for the future where change is happening faster than ever before?
>It Is Difficult to Get a Man to Understand Something When His Salary Depends Upon His Not Understanding It
It's difficult to take advantage of change when your wealth depends on maintaining the status quo.
Not true in practice. 70% of wealthy families lose their wealth by the second generation and 90% by the third.
https://www.marketwatch.com/story/heres-why-90-of-rich-peopl...
Sorry to be pedantic, but this is not “getting ahead”. It’s simply being ahead.
The act of getting ahead requires work or fortune, because it implies you are behind.
The act of cruising while ahead just requires discipline. The more money, the less self denial, the less discipline.
The next best thing is financial services where you help people with their wealth management.
After that you have to actually start working. Intelligence is key and must be applied to a STEM field or a niche trade/business.
If you don't fall into any of the above things are looking grim. Careers that don't result in high yield profit are looked down upon.