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That is not pitiful. I think you should recalibrate to the average. Most new grads have a negative net worth. You are far ahead of the curve and it’s good you

That is not pitiful. I think you should recalibrate to the average. Most new grads have a negative net worth. You are far ahead of the curve and it’s good you are thinking about wealth building, but it’s very dismissive to say 120k net worth is pitiful.

lowiqengineer 7y ago
I'd wager with 1.5 years of experience + internships most Google/Facebook new grads have a net worth that's double or more, especially including vested RSU appreciation. I was talking to a new grad engineer at Lyft who joined the same time I joined my company - his net worth is around $300k now not including unvested RSUs.
- aprdm 7y ago
  Comparing yourself to others is a sure way of feeling upset , there’s always going to be people with more money than you. Life isn’t just about money or work. I have less net worth than you and a lot more years under my belt, the country I am in doesn’t pay as much for software engineers and that’s ok.
- jklein11 7y ago
  Call me naive but I really don't believe that most google/facebook new hires have 250k in net worth. Let's say that they started at 200k per year(that seems really high). Their take-home would be 135,000 in California. That means after 1.5 years they would have taken home 202500. Even if they managed to graduate from college not only free from student loans but with a net worth of 50k, they would need to save all of their take home for the first year and a half. Do I think that some people with 1.5 years of experience have a net worth of 300k? Sure. But I certainly don't think it is most.
  - lowiqengineer 7y ago
    It's 200k, plus bonuses, plus RSU appreciation, plus savings from having a lot of needs taken care of (transportation, food, laundry, etc). A lot of them also made a bunch during their internships and got bigger signing bonuses than I did (I only graduated with around ~$40k through a handful of internships and college jobs)
    - jklein11 7y ago
      Is an entry-level engineer's base salary really 200k? > plus savings from having a lot of needs taken care of (transportation, food, laundry, etc) This isn't additional revenue earned, this is just lowering your expenses. Yes, these perks are nice but they don't really contribute to net worth. Graduating from college(which would cost somewhere between 150,000-500,000 for four years with limited ability to earn income) with a positive net worth is amazing. It is awesome that you were able to do it. I doubt most people are able to do so.

lowiqengineer 7y ago

I'd wager with 1.5 years of experience + internships most Google/Facebook new grads have a net worth that's double or more, especially including vested RSU appreciation. I was talking to a new grad engineer at Lyft who joined the same time I joined my company - his net worth is around $300k now not including unvested RSUs.

aprdm 7y ago
Comparing yourself to others is a sure way of feeling upset , there’s always going to be people with more money than you. Life isn’t just about money or work. I have less net worth than you and a lot more years under my belt, the country I am in doesn’t pay as much for software engineers and that’s ok.
jklein11 7y ago
Call me naive but I really don't believe that most google/facebook new hires have 250k in net worth. Let's say that they started at 200k per year(that seems really high). Their take-home would be 135,000 in California. That means after 1.5 years they would have taken home 202500. Even if they managed to graduate from college not only free from student loans but with a net worth of 50k, they would need to save all of their take home for the first year and a half. Do I think that some people with 1.5 years of experience have a net worth of 300k? Sure. But I certainly don't think it is most.
- lowiqengineer 7y ago
  It's 200k, plus bonuses, plus RSU appreciation, plus savings from having a lot of needs taken care of (transportation, food, laundry, etc). A lot of them also made a bunch during their internships and got bigger signing bonuses than I did (I only graduated with around ~$40k through a handful of internships and college jobs)
  - jklein11 7y ago
    Is an entry-level engineer's base salary really 200k? > plus savings from having a lot of needs taken care of (transportation, food, laundry, etc) This isn't additional revenue earned, this is just lowering your expenses. Yes, these perks are nice but they don't really contribute to net worth. Graduating from college(which would cost somewhere between 150,000-500,000 for four years with limited ability to earn income) with a positive net worth is amazing. It is awesome that you were able to do it. I doubt most people are able to do so.