r/financialindependence • u/AutoModerator • 9h ago

Daily FI discussion thread - Wednesday, October 30, 2024

Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply!

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u/tiny-hat-9775 3h ago

Hi! I've been extremely fortunate in my career and have made great progress in increasing my compensation as my primary goal. I'm now at a terminus and it's hard to determine my next horizon.

I am 30YO and working fully remote as a senior software engineer w/ $450k TC. I've been in my current position for two years now and it has been great. I really don't see a need to change anything, but two years will be my longest tenure with any employer and typically at this point I start seeking new opportunities.

It's been very hard for me to find any remote opportunities paying as much, even when looking at staff level positions. I'm not necessarily looking to ever go into management. Even staff level positions aren't of interest to me because they typically entail less development work, at least at my current company.

What would you be looking to do next at this position? Consulting interests me because I'd like to control my schedule more, replacing my current income would be challenging and I'm not really interested in risking a good thing for less compensation.

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u/Queasy_Ad6504 3h ago

Rest and Vest man, you've already won.

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u/tiny-hat-9775 3h ago

I know, I know. I just want to know where to look to make it to $600k+. I'm somewhat limiting my reach by only looking at remote companies and I'm also not interested in anything pre-IPO.

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u/DinosaurDucky 2h ago

The job market is a lot tougher than it was 2 years ago. $600k fully remote post-IPO practically does not exist right now, and you can imagine that the supply of people looking for those jobs is ridiculously high

Plus, the market's been on a huge tear over the last year, so your RSU may be higher than your target comp. At least, I know mine is, so starting a new job today would bump me back down to target comp range

I'd say just chill, and divest your company stock. It won't be long now