Re:How People Get Rich Now
by OldHand2018 on Monday April 12, 2021 @01:32PM
(#26782387)
Back in the mid-1990s I paid more for rent than I did for tuition. And the rent was affordable working part time as a code monkey.
If you can manage to max out your 401k contributions from college graduation all the way until retirement, it would be hard not to have at least $4-5 million.
Is that even reasonable right now, for someone that graduates today? I have no idea. But it doesn’t seem like something that would be restricted to tech workers in the Bay Area. It might even be harder to do in the Bay Area than in Des Moines.
That's not a positive, isn't it? Back in the mid-1990s there were entry-level jobs with a career trajectory, you could drop out of college, join a school district as computer herder, move to a hosting company and get into systems programming and then go to work for Google and Facebook. (Hi Rachel!)
That doesn't exist any longer, nowadays everyone goes and grinds leetcode for months to prepare for interviews.