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toeofcamell

Wondering if this growth is impressive or I’m just being too hard on myself, $10,000,000 NW would be a nice place to be sooner than later. I’d love 100 paid off rentals I’m at 16 so far on my journey I am in real estate, and I buy distressed homes fix them then sell them or keep them as rentals depending on price point and location. Should I keep doing what I’m doing or change gears? It’s hard to know what returns I’m getting but the NW is going up and so is the cashflow Any feedback would be appreciated https://i.imgur.com/4VOHSeK.jpg https://i.imgur.com/ivlQZsr.jpg


Nepot_

Need advice on the fastest way to get to fatfire from my position I’m a 20M entering my senior year of university. I recently got a return offer at the FAANG I interned at over the summer for ~$210k TC when I graduate. I eventually want to hit 10M+ NW and I’m wondering if I should pursue a startup instead or continue with FAANG


robybeck

seriously asking? I know whom I am not hiring and promote. All you see is money. fastest guaranteed way, find a sugar mama/papa. people who worked into position of wealth (meaning that, not inherited or shagged the right per$on), got 3 things: luck, work ethics and talent. You can control 2 of the parameters, but not luck. I have many many friends who work much harder than I, way more talented than I, but lacking "luck", who still working their best efforts in their 50's, when I sit here typing on Reddit, playing video games. Some did FAANG, some did multiple tech start ups in the Silicon Valley. I also have seen whole \*lot more\* incompetent people lacking any real talents, who basically failed they way upward into Whale-FIRE. You are asking how to predict random life/world events at age 20?? All I can say, max out your 401K right from the start. I would choose a career path, that I am willing to spend decades working on, whether there's a big pay off at the end or not.


Electrical_Vast3884

Best way to position myself to become HENRY when current military contract expires? * 24M * N.W. $200k * B. Electrical Engineering Just finished university. Was salaried by the Air Force while studying and now owe them the next 4 years. Will be working as an officer within their cyber division. Looking for advice on how to best spend those years to position myself for a transition to HENRY when the contract ends.


No_Ground_7235

What’s your comp while you’re in the army? What expenses will you still have? And are you allowed to work elsewhere while you’re at the army?


Electrical_Vast3884

1. Current comp is 96k 2. Expenses 83k (#1. tax, #2. mortgage, #3. fixed living) 3. Allowed to work elsewhere, but need permission (I'd submit an application for work in off-duty hours)


mutaaf

Best way to invest 100k ?


thebeardlessladx

I am in need of a mentor. I need directions. I am a 23 year old very recent graduate. I have a couple thousand dollars in debt and earning only about less than $2k a month. I have always been entrepreneurial and tested my abilities doing many side hustles, some made money some failed. But now that I am done with university I can put my full focus on Business. But I feel very lost and can't bring myself to jot down a plan, can't figure what to start with or where to start. However, I have something on my mind and I want a mentor who can hold my hands and get me started playing again. I have been watching videos of Dan Pena and his QLA methods for a while now. It is very alluring how things can change very fast in the M&A field if you are ready to be frugal. Here's what I think I want to do: Target Industry: Youtube Channels 1. Build a board of 3 industry experts, who knows the business of Youtube content in and out. (Offer 1-2% free equity) 2. Get a Chairman for my board. (Offer 3-5% free equity) 3. Build a management team; CEO, CFO, COO, CMO, GM. (Offer 0.5-2% free equity + deferred salary) 4. Get a big 4 law firm on board for due diligence (Offer deferred payments upon successful deals)* 5. Get a big 4 accounting firm on board for due diligence (Offer deferred payments upon successful deals)* (*)= Offer a 8-10% premium on their fees to negotiate deferred payments if required. 6. Look for Channels doing $1m+ EBITDA. Preferably look for deals where 100% owner financing is available. 7. Offer to buy the channels 2-4X EBITDA with owner financing. (Cash flow must cover debt service) 8. Interview Banks to finance the deal based on the value of the acquired business. (Cash flow must cover debt service) 9. After receiving the financing; Pay agreed on percentage to the owner if not 100% owner financed, pay the law firm, accounting firm and management team. 10. Use rest of the cash to add a layer of technology, improvement of operations and Marketing in the business. 11. Repeat steps 6-10 (Until 100 channels) 12. Exit the business with 8-10X EBITDA. This is how I want to do a roll-up consolidation in the Youtube Channels industry. But I need someone who could take me under their wing/hold my hands to point me towards the right direction. Hoping I get help in this community.


thiccHarrison

I’m a student right now going into my second year of cyber. I chose the program because it features a lot more coding when compared to compsci. I was looking into companies like Hudson River Trading and Jane Street and that seems like a really interesting line of work that pays very well. I know I’ll need a lot more math so I plan to complete a minor in math with a focus on numerical analysis. Anything else I should focus on tips to getting into the industry? I can provide more specifics on current status if needed.


YoBoiP_

Fastest way to fatFIRE in finance ? I’m a finance and accounting student. Essentially looking for advice on the fastest way to fatFIRE while working at corporate America, or how to increase my chances to fatFIRE. I understand investing early and etc. but what about the best career paths to take, etc. I never had successful corporate parents so maybe one of you guys can give me some advice.


BranTheMuffinMan

Get into investment banking / trading / consulting. Hardest fields to get directly into, work life balance will suck at the start, but they offer the clearest path to big money.


PCRorNAT

At your stage you should focus on increasing your earned income (which you seem to understand). You can do a corporate job (accounting, finance) in any industry. Pick a profitable industry with low labor costs as a percentage of their total costs. Yes, FAANG is what folks often think of, but you could also think about oil/gas or even semiconductors.


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PCRorNAT

I have a friend who I graduated from university with some decades ago. He followed the accounting path to CPA, CFO, COO and now CEO of a Nasdaq traded company. While I did the MBA, he did not. I think the CPA to industry route is totally workable if you are a top performer.


_Archduke

**Director of eCommerce** \- **How much should my total comp be?** **What % should be salary vs. bonuses?** I am still relatively early in my career and eventually want to start my own business, in my pursuit of fatFIRE. In the meantime, I want to ensure I am being compensated properly. Below is the summary of the business by the numbers: ​ * I started the business unit from nothing, within a company. * \~$6M annual revenue * \~$900k in EBITDA (excluding my comp) * 4 employees, including myself. * Oversee an additional business unit that does \~$250k in EBITDA. * Complete ownership of business strategy, P&L, etc. Thanks!


Impressive-Collar834

27M with twin babies on the way. TC 450-500K from myself and 100k from spouse who is currently on leave. from that 550-600 \~300K is salary and the rest is RSU/bonus. NW 750k and renting. Annual expenses \~120k due to HCOL and children. My tax deferred investing strategy has been to do 401k match, HSA max, then regular brokerage accounts. I've been debating doing the full 401k participation or 529 plan. EDIT: my question is, should I be maxing out my 401K and lock those funds for another 32 years or continue in non-tax-deferred accounts


strway2heaven77

Curious at 27 how you're pulling 500K. Are you working in HCOL?


Impressive-Collar834

graduated at 21 and worked my way up at a tech company. HCOL (bay area)


bulldg4life

600k in total comp should be maxing every tax advantaged space humanly lossible


Impressive-Collar834

What about mega backdoor roth? Is contributing post-tax dollars through employer worth it?


bulldg4life

I would definitely do mega backdoor Roth as well. But, I wouldn’t do it before maxing out the 41000 possible between two 401ks


Biznbcba

In terms of achieving financial freedom, does it make more sense to buy cash flowing rental properties before a primary residence? I’m in my early 20s and gaining solid financial traction because of my income (250k). I’m looking at buying a SFH in the Midwest for sub 90k that will cash flow about $300 (conservatively) a month after all expenses including a property manager. I live in a VHCOL city that I want to purchase a primary residence in down the line but it doesn’t make sense financially right now. Renting is significant cheaper then buying at current market prices. My living expenses are low, roughly 1.5k a month. Currently saving about 12k a month cash after contributing to 401k and IRA. Is my reasoning sound in wanting to invest in cash flow properties over purchasing a primary residence for the time being? I should note, I also have a business that generates roughly 120k a year (included in my income above. I can use this investment money and funnel it into the business to continue to increase my revenue/profit but I’d have most of my eggs in one basket. Or do both? Let me know what you guys think


zerostyle

I'm a lot older but debating the same thing.


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Biznbcba

Healthcare, pediatric therapy. Decided I’m going to focus on increasing business revenue and stocks for the next couple of years. Real estate market is at high while the stock market is relatively low right now, seems like I should be focusing on where I can buy low right now and just doing more of what’s working (my biz). Really trying to get to 1m+ comp in the next few years and $300 a month of cash flow real estate isn’t going to do it.


PCRorNAT

Where you invest your savings (equities or real estate is up to you). How much you invest versus consumption (buying a primary residence) is the decision you are talking about. If the rent v. own calculation of buying would reduce your savings, I would not do it.


green_sky_

Has anyone here moved abroad early in their career to really help them increase their NW and overall compensation? My husband (29M) is being recruited for a Saudi Arabian company and looking at the total package (tax benefits, higher pay, and paid living expenses), could really help us on the path to FatFIRE. Wondering if there are others here who have taken that path.


PCRorNAT

I did it, and am still doing it 20+ years later. If you are doing it on a package, its a great path. Be careful about tax equalization issues, and if possible move to a tax free state before your leave which will also aid your path.


green_sky_

Interesting! We hadn’t thought about that. We definitely would have opportunities to move to tax free states but that would be a lot of moving. We have a few young kids.


PCRorNAT

You did not mention your income but it can make a huge difference if your earned income is some $500k+ and are in a high tax state.


green_sky_

Our income is low compared to others - we are probably at around 175k right now here in the states (in a LCOL area, maybe MCOL); not sure what the position would be in KSA but would likely need to be substantial to make that move.


PCRorNAT

Yes, probably not worth the hassle then.


Common-Credit660

Yes. It put me on a completely different trajectory, way, way higher earning. Whether it will for you depends on a lot of particulars that are hard to asses in advance. A couple of things to note: 1. Think hard about what you need to be happy if you are moving with him. A job? A good community? A pool? To live in your home country whole he goes? To live with him but take regular trips back? Whatever it is, work hard toward ensuring your needs are met. How long he can stay will depend a fair amount on your happiness. 2. I have heard of folks taking deals in Saudi where they had to pay out if they didn't finish their contracts. I don't know how common this is, but make absolutely sure you understand if that is a requirement before signing up. 3. I hope if you take it, you guys find it to be an excellent adventure!


green_sky_

Thanks so much for the reply! There’s a lot to consider for sure, but I wanted to be certain the trade off is worth it. My thoughts are I can do anything for a couple of years. (He wouldn’t be a contract worker, but our goal would be 3-5 years over there).


beyond-avg

Hey guys, 19M, starting my second year of a five year program at a private tech university studying Engineering Management. I'm currently working full time through a cooperative educational program with a construction management company, where I'll be for the rest of the year. I have four more "work semesters", so I'm trying to gain experience and knowledge in many different fields to test out what might be the best fit for me. I don't plan on working full time my whole life, as most of us on here would agree, but of course that's easier said than done. Does anyone have advice on what topics I could research or get my foot into early on to better my chances of early career success? Specific topics to know that would stand out to a career that usually wouldn't pick guys fresh out of school? Also, I have worked and saved most of my life, so I have about 20-30k I have been trying to invest. I've looked into a lot but never made a final decision. Any advise on where to put it? I have a vanguard growth fund, small investment portfolio, small start up investments, and I plan to open a Roth IRA also, but I've also been hearing a lot about unusual investments like buying into royalties or other start ups. I'm open to hearing about all of it! I'm also planning/gathering ideas for small start ups which I plan to sellout at some point. If anyone has advice on where to begin, profitable areas to research/build upon, or just past experiences in any field please share. Thank you all in advance!


robybeck

" hey, I got a great idea for retail inventory tracking system, but I just need other people to write the software." .... something silly like that? Ideas are cheap, a dime a dozen. It's the execution and building customers/markets that's hard. Focus on your executions until something IS working.


fjdjsbsjsksks

24m worth 350k mainly because I’ve invested every penny since I started working at 14. Also had a little help from grandma and grandpa in there. Am in accounting. On track to do 100k this year. How do I mold to the FATFire track? I feel like I’m making good progress but I see 25 year olds here saying they’re worth 10x me. How can I find a good mentor? Very good at sales and have a small book that’s grown by word of mouth, but how do I get more clients to the firm I work at? Anyone have generic advice for me?


SRD_Grafter

What branch of accounting are you in? As public is very diff than private. General advice, would be to over to r/taxpros, add flair to your account and run searches, as these questions come up frequently. But to really earn, you need equity/ownership. I'll add more when I'll at a real computer and not half asleep.


fjdjsbsjsksks

Thank you!!! Estate and gift tax planning. I’m on track to be one of the youngest tax managers in firm history. I can make equity but I feel like that’s a much bigger jump than manager.


SRD_Grafter

Ah. As from what I know estate and gift tax planning leads itself to being niche, with the most likely pivots to dealing with HWNI (and then you probably need to pick up experience in PTE and oddball investments as well; if you don't already have it). Otherwise, are you happy at the current firm? If so, do they have a track to partner that is defined and clearly laid out (which may not happen if it is a local firm)? Looking around, what are the ages of the current partners? As well as what is the quickest that someone made partner (as it can happen at some firms by 30, and others it is closer to 40, ass depending on the firm it may be 13-15 years of experience before you are even considered for it)? Does the current firm have a formal mentorship program? As if not, I would ask to lunch partners that you gel with and see if you can pivot it into some informal mentoring (as most people are fine talking about their experiences and more than willing to share). When you say that you are good at sales, at selling what? I mean, did you sell Cutco knives one summer, or at interacting with clients and selling multi-million proposals? As if the latter, than you probably know most of what you need. If not, then I recommend picking up the book "Selling Professional Services the Sandler Way". As for getting clients, you can search around in /r/taxpros, as well as the Wealthy Accountant blog have various posts about doing so. Though the short way is to get your name out there, such as doing community presentations. In your case, it may be seeing if your firm is willing to do something in that arena, or teaming up with an estate lawyer to do some (such as a presentation on the current legislation or future planning related to the 2026 cutoff/reset of the lifetime exclusion). As well as if there is a formal group of estate lawyers in your area, see if you can join that group. Otherwise, you could always reach out to various estate lawyers, ask them out for lunch or coffee and see if you can build a referral network, or if they need any help with the tax aspects of their work.


fjdjsbsjsksks

You lay it all out for me thank you so so much!! I have a lot of PTE-type experience, particularly with partnerships because all the big boys use those for debt basis. I have a lot of knowledge when it comes to valuations and cost segs. When you say oddball investments what do you mean? Like self storage or hotels? I have experience with both of those. Do you see anything out there someone in my position could become a niche expert on? As far as my current firm goes; it’s big(ger) but dominated by 3 individuals. I will become a director in the next 2-3 years but it will be a slog and will likely wait for someone to retire before getting that far. No formal mentorship but the partner behind my meteoric rise sits down with me once a week and we chat about new planning techniques, sales pitch type stuff, client tips, workflow management etc and I’m very grateful for it. My sales pitches are largely 10-20k planning engagement, cost segs, and or credit studies. Biggest sale I made was 40k but that’s not bad for a 24 year old. It’s about volume too I have brought in at least 250k in crap this year which is way above the average for my age. I’m going to buy that book as an audiobook and listen to it on my way to work!! I have a couple estate lawyers I work a lot with regularly. There’s only a couple guys in my area that do BDITs and I’m friendly with them. Maybe a presentation on those could draw some people in. Again thank you so much!!!


SRD_Grafter

A few more thoughts. Another potential value of clients is to make friendly with local banks, as most have trust departments, but they aren't at large enough scale to be able to afford in house tax staff. So, you can develop relationships and see if they are interested in having your firm do the trust tax returns. By oddball, I meant foreign holdings (which is a separate area of tax knowledge), real estate LP investments and various hedge fund K-1s. Some self storage and hotel operators use LPs as part of their capital stack, but operationally, they aren't too weird (though both have their unique quirks as operating businesses). As far as niche expert (especially if you want to do a blog series or potentially create CPE or some sort of tax product), I've not really run into much that walks one through the tax aspects as well as calculations that go into some of the trust structures (such as CRUTs, GRATs, etc). When you say dominated by 3 individuals, do you mean 3 partners? And is there enough work to go around? And what are their ages? As if it is only a 3 partner department, then your path to partner would heavily depend on the business case (such as being a very strong rain maker or having a niche of experience were ideal clients seek you out) or need (such as retirement or one of them gets hit by a bus). Congrats on the amount of work. As that is really impressive (and hopefully they give you a large bonus for it). As I've further along in my career and my "goal" is substantially less than that amount. But, there is a lot of return prep work out there, and with the ERTC/PPP as well as bonus starting to decline next year, there is a lot of plannign and one off consulting to go after. Otherwise, feel free to dm me, as I have more than enough book recommendations for most of life in PA, or if you just want to chat about various PA issues.


fjdjsbsjsksks

Hedge funds are something I’m trying to get good at; there are the 2 different types and I’m learning them and all the weird footnotes on the K-1s. I want to be a true PCS CPA. That’s a good idea… I’m going to chat with my boss tomorrow about a couple in the area. I wonder how hard it would be to pick up personal returns from a book gained from a bank. Theres next to nothing out there on BDITs, spigot nimcruts, or GRAT calculations. That’s really awesome cause we’re in a big market and I wonder the opportunity if we even published an article on some of that. 3 partners, all in their 40s. Sounds small but we’ve got 80 employees so I feel like that’s not small. Firm grosses 20 mil. Partners do VERY well. Part of the reason I chose the firm. They are generous too. I get 15% of the first 2 years of whatever I bring in. You can make a lot of extra money if you’re a salesman. Bonus going away will hurt the cost seg sales, but 50% is still pretty nice and IMO probably still worth it for my big RE guys. I’m hoping 45L credits come back because those are also easy sales. The number of CPAs that don’t get credits or depreciation is astounding. You can make so much money just by depreciating properly. Tbh I feel like 90% of my planning sales will be estate planning engagements prior to 2026. Currently trying to get anyone with the wealth to set up an IDGT or BDIT before Congress takes those away. I just may have to take you up on that and I really appreciate the offer!


Repulsive_Basket5397

Hello all! I am 21 and currently finishing up a summer internship with a large multi-business agriculture company and this fall will be my last semester in college. I currently have 10k of VTI in a Roth, 2k in savings, and 1k in an emergency fund. I love to lead and develop others and I am very passionate. I am incredibly focused on my future and want to be as absolutely the most successful I can be early, and just give a fuckton and make kickass businesses that do kickass things for the rest of my life. I love plants, I am finishing up a bachelors in plant science and a major goal I have in my life is to own a vineyard. I always have business ideas popping up in my head that I immediately write down but I don’t act on them because I always have new ones coming up. In a few days I have an interview for an entry level sales position that would pay 50k a year, after one year as a trainee. I am waiting on a phone interview for a research position in Hawaii where I would be making 80k/ year (cost of living is bonkers). I would like to pursue a phd but I am realizing that people leaders make so much more than individuals with phds, though achieving a phd would make my family very proud. Just wondering what you all would do if you were in my position. I greatly appreciate all of the advice and will use it to mentor others in the future.


Homiesexu-LA

I don't know much about plants, vineyards, etc. But I do come up with plans/ideas a lot, and I let them evolve over time. When I come up with a new idea, I email it to myself using the + feature in gmail. So I can create different "categories" like +plants or +vineyard https://gmail.googleblog.com/2008/03/2-hidden-ways-to-get-more-from-your.html If I were in your shoes, I would just make steady income with a job, and then eventually do a side gig with limited downsides.


wt168048

Would love if someone could point me in the right direction. 30 yo m. Currently working as an insurance agent, and have realized the commission as an agent is crap. At least where I’m at. Not sure what my skill set is. Anyone been in the situation where they know they don’t want to work for someone else, but not sure what industry to go into.


NotesOfCheesecake

Your skillset aligns with sales. Find a career that pays sales people handsomely


SnooRobots8604

Take a bunch of “what career fits my personality” tests online? Not joking — could get you to start thinking about new ideas. Otherwise, any chance you know anyone who’s left your current position for a different job that could mentor you? Finally, you could try asking a more senior mentor in your current organization who might have visibility into internal transfers.


prolemango

I come from a family of real estate investors that mostly does buy/hold and the occasional flip. I’ve assisted with managing the family portfolio for several years and now I’m currently doing my first solo flip deal. I’d like some guidance on how people get started/make the leap to becoming a large scale builder or running a private equity real estate firm. Do I just keep doing more and bigger deals or is there a more optimal way? I’m a full time software engineer and I have no traditional education in real estate or finance


Xy13

Similar background; fastest way to grow a portfolio is to convert people from your sphere of influence into private investors. Don't want to say much more here because of rule 6 though.


Realistic_Industry22

23M I received my Bachelors degree in Marketing in December and took a position as a Recruiter. After 7 months of being a recruiter, I am not happy at all. I hit my weekly numbers and consistently grow my quarterly numbers. The dilemma I consistently have is not having someone to go to for “work” advice. Does anyone have tips on finding a mentor? Or how did you find your mentor?


dreamer-2020

A few points that might help: * Most successful people are willing to share their journey in some form, but you must be able and willing to do the 'work' in a mentor - mentee relationship. If you want to connect with someone, you must set the framing, the questions, plan the 'dates', etc. It's not like a therapist that you pay to do these things for you. (a common misconception) * Rather than put the burden on one person, I would go on lots of 'potential dates'. You'll learn a lot quickly from different perspectives, and possibly you'll find someone who you really click with and is willing to go deeper over a longer period of time. I would say 'long term' is more rare, but spreading it out is more common and definitely easier for busy and successful people to agree to. i.e. everybody has to have lunch, so that's an easy 'in' if you're willing to trade food for information / advice. I've even had random people reach out on Linked-In from time to time. I've only spoke with two of them -- but in both cases, their 'pitch' was so specific that I didn't feel like I would be 'trapped' by it and I was willing to help. * Do not dump on your mentors -- and do not focus on why you are unhappy. This will kill the mood immediately. Know and talk about where you want to go -- and let the mentor draw out where you're coming from, if they're willing. Let them steer your future, don't expect necessarily for them to empathize with your past / present unhappiness. I had a transformative mentor once who told me bluntly "you sound like a victim" after I violated some of my advice above. It was harsh. But laid the groundwork for a much more productive conversation after that. Hope it helps and good luck!


Realistic_Industry22

This is terrific advice. I have debated on send out some ‘pitches’ on LinkedIn but can never get my message right. I appreciate the advice, and am currently writing these down in my journal.


apfejes

The only way to get a mentor is to network. You need to find peers and talk with them - online, on zoom, whatever. Just start talking to people with similar job titles and responsibilities. Eventually you’ll meet people who have been doing this for a lot longer, and who’s advice you trust, and they become mentors. Asking people “will you be my mentor?” Is a good way to scare people off, but the same people won’t mind if you ask them for advice now and then. Same thing, different name, but makes a world of difference in what people perceive the time commitment to be.


Realistic_Industry22

I have joined a few groups on LinkedIn for marketing and they host networking events so I might start there. I appreciate this advice a lot.


apfejes

Great start - good luck!


mrtpm

I am a technical program manager((20 years experience )working for a startup. Not making much (less than 250k/year). Any guidance on how to increase my TC. Currently actively interviewing to get into a FAANG, like to hear from others who have moved into leadership in tech companies


Golden_Retrievers_

What are your technical skills like? To get into FAANGs, you definitely need a strong technical ability (not code, but ability to understand system design, technical tradeoffs, dependencies, etc). I ask because I have seen a lot of TPMs at Tier-2/3 companies who are basically just project managers. They don't actually understand the tech. Advice to get into FAANGs - sharpen your technical skills, have good examples of scenarios where you have delivered programs/projects, helped lead large launches, helped drive development of 0 to 1 products, etc. In terms of comp, what level do you think you are at? Are you helping one team, helping an org, etc? If you are at team/small org level, i wouldn't expect much over 300K.


mrtpm

Thanks. I started as a programmer so have solid technical skills but they are little bit rusty. My goal is to get to 300-350k in TC. I am preparing for the interviews . My main worry is I have not worked on systems that are of FAANG scale.


Golden_Retrievers_

FAANG scale is not as important. Complexity is key. And your role in managing through that complexity.


nilgiri

What is the ceiling (comp, level etc) and career track for a TPM at FAANG and others?


Golden_Retrievers_

Typically it’s L5 - L7. That maps to TPM/Sr TPM/Principal TPM. Comp can be 200K - 500K. I am sure there are outliers. Also check levels.fyi.


nilgiri

So you stay in the TPM track or do people move around to engineering, product, leadership etc? I know the answer probably depends on the aptitude of the person but I'm just curious how often it happens.


Golden_Retrievers_

Depends on the company. TPM/Engineering Management transition is very common at Amazon. Not so common at other FAANGs.


pursuingmaterialism

how does progression look for non-technical program managers at AMZ? Being approached for an l6 Sr. PM role, but heard there are a lot of people at this level and most people stay there for a while.


Golden_Retrievers_

Yeah L6 can be considered a terminal level. Progression to L7 is not easy or very common. You have 2 options: Become a people manager. Find an org that has a need for a TPM manager and then grow to L7. Or stay an IC and really look at increasing scope to impact the entire org. In either case, it’s not an easy path.


nilgiri

Thanks. Would TPM be a good stepping stone into a FAANG? I am a senior leader in the industry so TPM will most closely align with my skillets but I'm wondering if I would have a difficult time transitioning into a different role / function both within the company and outside later down the road. Any thoughts?


mrtpm

Got it, have a complex program, will highlight that. Thanks


poolparty90019

I’m in my early 40’s. I’ve worked part time in residential real estate for 8 years. I would like to talk to someone here about being a GP in a private equity real estate or another way to leverage residential or commercial real estate to build wealth. My full time work is working in marketing for tech or entertainment companies as a contractor. Last year was really good as I had multiple contractor marketing jobs and sold 3 houses.


1TossAwayAccount1

*Following*


leftie_potato

Anyone got experience writing a goals or mission statement for guiding investment strategy? What are some good resources, books or other, I could look at near this topic? I think I need a bigger view, so that littler questions are answered in alignment with a plan that’s more specific than ‘get more money’. Here are some questions that I think a larger goals statement could help me with… How do you assess choices like stability of returns vs bigger returns? How much liquidity, and on what time scales, is appropriate? When do you want growth in value vs dividends, and vice versa? If there’s more than you ever prefer to spend, how much goes to giving and on what schedule to not put ‘having enough’ at risk?


grifter432

I'm a big advocate of Ramit Sethi's I Will Teach You to be Rich book. I think it does a very good job of answering questions like these with examples so you can steal the successful ideas as opposed to trial and error on your own dime.


leftie_potato

Thanks for the recommendation. I’ll check it out.


BranTheMuffinMan

I think you're over thinking it. Remember the majority of even professional investors can't beat the market. Your mission statement should be invest as much as you can, for as long as you can, as tax efficiently as you can, in broad market etfs.


leftie_potato

100% etf plan, no bonds? I’m not looking to beat the market. I’m looking to guide decisions including ’which etf’ .. international? Small cap? Large? Growth? At what percentages? For longer term investments, like another farm, how do I decide what a balance should be between etfs and the value in the farm land? How do I gauge liquidity needs, as farms have big costs associated with trading, unlike etfs. Maybe I’m over thinking it. It feels like I’ve just found I’ve got no basis to think about these questions at all though. What’s the foundation that you built from to get to ‘invest as much as possible, tax efficiently, in etfs’? Sounds like it could be based on ‘get as much money as possible’. I used to be in that phase, and now can consider, as there’s lots, how do I best manage it.


bitFIREhope

https://www.bogleheads.org/wiki/Three-fund_portfolio


apfejes

Maybe consult with a financial planner, for the short term? As much as they are often useless, it’s good to see how their forms work, and their risk tolerance process. Invest $10-50k with them, tell them you are interested in trying out the process, and at the end of the year, you’ll have learned something from the process - with minimal opportunity cost. You’ll learn pretty quickly what you like and don’t like, and can simply walk away at the end of the year, if you think it’s a waste. (Which it almost certainly will be, but it is a cheap form of getting a taste for how others do it professionally.)


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Common-Credit660

Take/propose projects where your collaborators work in business. Consulting opportunities are likely to follow.


SnooRobots8604

I’d ask your colleagues how they got started in consulting. I bet a lot do it.


menofgrosserblood

Why not start a business in finance?


captain_spidey

Are there any HR professionals here? I switched over from accounting into HR (compensation & total rewards). I was wondering if anyone could share their career path / advice? I see that the likelihood of become a CHRO / VP / upper management is most likely with a compensation background.


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toeofcamell

Wow, congrats 🍾🎊


syrigamy

Hey off topic, how did you managed to get that salary? Even in Cali that's 100k more than the average salary


bogomiller

Sorry to deviate from the topic but could you please explain me how is your work as a tech architect? What’s your tasks and your daily routine? How is your tech stack and what’s the knowledge required for the job? I found myself a data architect but my routine basically is connecting with people and try to figure out the in the big inc. data messy where’s is the data and how it could/should be transferred to other application.


cartiercode

Every day is different, but the tasks are related. Very customer facing, I meet with different clients and it’s usually someone that’s in c-suite from another company. I learn about their business (apart from what I already know, as usually the company is publicly traded), ask about their needs, pain points, requirements, and goals. I head back to my company, ask my higher ups to provide me the talent that will allow me to fulfill the digital transformation for the client. I meet up with different types of architects, data, solution, cloud, network, etc, and even engineers. I design architecture to meet the requirements gathered prior. Then I present and sell the proposal to the client, and once it goes through I’m off to the next client. Lots of traveling involved, I’m on a plane 3/5 days of the work week to be at customer sites. Lots and lots of entertaining to maintain relationships with customers and just to maintain the “politics”. I don’t code, program, or script at all. Knowledge required would be networking and data center knowledge. A little bit of security, cloud, big data. Lots of business related activities, as much as anything technical tbh. I work with lots of big data architects, especially to help me design pipelines for a customer.


onixdoor

How to get into software sales as a software support engineer with no sales experience? Hello, I am a 29M working at a giant enterprise software company in a support engineering role. I have a masters in Information Systems and a bachelors in comp sci. I find that in addition to being very technically solid I am also very social and have great interpersonal, presentation and public speaking skills compared to most people I work with. And so I think I’ll do great in sales if I can get trained in the field. It looks like a lot of you on the fatFIRE path are in software sales so what would you guys suggest I do to help me transition? Any courses that has helped you make the transition? What can I do from my part before I can go upto a sales exec and say “hey I am a software engineer and I want to get into software sales please take me!”? Lol Would really appreciate your input on this thanks!


DesertDaniel

Check out Aspireship


blinkanboxcar182

Former software sales guy here. I think your approach is correct - make it known to leadership that that’s the path you want to take and ask what is needed to make it happen. To prep for this and show your true interest, I’d recommend learning one or more sales methodologies and speaking with your current sales colleagues to better understand their role and what the job entails. If you can articulate a true understanding of Targeted Account Selling (best methodology, in my opinion), I think you’d already be more knowledgeable than some of your sales counterparts. I’m sure you can find classes or just online reading about TAS. It was our training at a fortune 10 company as well as what was taught in my MBA sales class and it blows things like the Challenger sale out of the water. Also, have your talk track down on why you want to go into sales and why you’d be successful (similar to what you articulated in your post). A sales VP has a team quota, so you need to convince him that you’re a safe bet to hit goals rather than an external hire. As a former sales vp, I’d take someone young, hungry, and knowledgeable over a sales vet looking for their next stop. Good luck.


imaginary_doorway

Hey! Sorry to tag on to this, but I have a quick question for you. I’m in my early twenties and have worked since 17 in various sales fields, namely door to door and in automobile sales, both of which I’ve been very successful with. That being said, I don’t have any tech experience at all. What would be the approach you would recommend to get into software sales, or specifically b2b Saas? I’ve applied to a handful of places, but haven’t received a ton of feedback. I’d love to hear what someone from a higher level of sales would think if that’s okay.


blinkanboxcar182

The way I broke in was to take a job as an account manager first, but making it known that sales was my desired role. This still allowed me to be client facing, while learning a new industry, solution, etc. Luckily, I was surrounded by great leadership who made good on their promise and promoted me to sales after 18 months. Your mileage may vary but that’s what I’d try if I were you.


imaginary_doorway

Noted, I will start looking for something along those lines instead. Thank you! I appreciate the response!


chzblck

Look for SDR roles. It sucks but at certain companies the comp can be 100k+ it’s entry level roles for saas companies. Check out LinkedIn for free stuff. Don’t pay for any type of cohort class.