Too many dudes going into panic state or feeling shitty about themselves. Doesn't help.
First and foremost you die anyways. This is just a huge ass game going on, first things first dont take it seriously.
Our ancestors fought wars and famine and you are sitting there whinging that you didn't buy bitcoin at $5. Dumb ass.
BTB posts are simply frameworks and guidelines to live a decent enough life while you are alive. Take the essence of what is being expressed and apply to your own situation.
If you think going back and reading all the posts are going to solve your life problems, its highly probable that you are an idiot. Things take time. If you go from e.g 50K NW in 2022 to 75K NW in 2023. Still progress.
The biggest thing I have taken from being a BTB reader is not financial success. It is actually controlling my emotions and being ok with eating shit. Happy Days.
I'm very curious to see how the talent exodus plays out in the states with WFH becoming mainstream. Beyond even savings on talent, we can cut bait with an engineer overseas that isnt working out, but to do so locally is a precarious legal situation to deal with.
My recommendation for US based readers: Get into positions where you're directly responsible for revenue in some fashion. You'll need to be able to point to the bottom line to survive.
Saying there are 2 genders will already get you fired and possibly blacklisted at every major tech company. Those companies are completely ruled by the SJWs in HR.
Regarding 3rd world programmers, already happening. Massive hiring in India at the major tech companies. WFH was the trial balloon.
It's still mostly Tata / Infosys body shops. It's cheap Robotic Process Automation (until UiPath and BluePrism make more inroads). Most of the good programmers from India are in US, or want to be US on H1-B. Heck, even Canadian programmers want to be here! Tech salary in Ontario is peanuts to US companies.
The shift back to India will happen, in my opinion, from:
1. US further declines and they realize the quality of life around family in India is on par or better than US.
2. The immigration rhetoric/pendulum is swinging the other way in US (look at the border with TX/AZ, not up for debate).
3. 1+2 == companies can source the good developers/engineers in India via the work from home paradigm for much less money.
The West (USA, CA, UK, AUS, NZ) is definitely in decline. Living costs have increased, Salaries aren't responding accordingly and to top it all off living standards have decreased. Typically these countries attract middle, upper middle class immigrants (in this case India). So the incentive is still there to migrate, but it is diminishing by the year. I work with a few and usually its the poor health infrastructure in India that makes them leave. In India, if you are in even a minor accident or have some medical condition that can be easily treated in eg Canada, it is very possible that you can die.
Partially agreeing with your comment, people leave India/3rd World because of -
1. Conversion USD-INR, check with any of your NRI friend, they must be buying real estate back in India.
2. Ease of doing business, there is so much red tapism and corruption in public departments.
3. Infrastructure, until you're upper middle class you cannot afford Private Hospital bills or secure hospitalization in best Govt. Hospitals like AIIMS.
4. Taxes, India is at par with USA when it comes to taxed its citizen but facility wise you can guess.
Now because of these reasons people are fleeing and considering the current global scenario their next possible destination in Dubai/UAE.
Once a week I make a conscious decision to do something that pushes my comfort zone. Being complacent is how winners lose their lead. Great read guise. WAGMI
Ex: Today I booked a trip to meet up with an elite group of people.
Ex 2: Sometime in the coming months I will book a trip to a foreign country.
At a guess? High cost of living; rents at or near 50% of salaries, people priced out of home ownership, stagnant wages and low wages outside of a few job types, multiple generations under one roof (as housing expensive), quality of life for a rich well to do elite
May 3, 2022·edited May 3, 2022Liked by BowTied Bull
Go back through the old posts, match up Bull’s recommendation based on your age/experience/income/net wort. Do a quick persona inventory and match up in one of the high value fields he mentions.
Cyber has good stack for getting job in cyber security, Opossum, Fox, and Parrotfish have come highly recommended.
The cliche that imperfect action > perfect inaction applies. GL.
Get a tech sales job with a funded company (search crunchbase), start as SDR, move up to AE, practice and perfect your skills as salesperson. This will fund your basic life needs (food shelter social life) with 100k + career income
Get stabilized in high ticket sales Rep career.
Then
Second income stream
Then
Purchase real estate to live in if it makes sense for you
Then
Dca into crypto large cap (btc eth link)
Then
nfts/small cap crypto/risky projects
DCA $1500 per month into assets (stocks crypto) for years, keep lifestyle spending under control, and you'll make it
Career
Second income stream
Real estate (single family home purchase to live in)
If anyone is working two remote jobs or looking for some general guidance on how to progress their side project while working remote I've put together a starting note on this here.
So I have to move to a higher cost of living area (atlanta) due to work. I do also have some wifi businesses, but primary biz requires the move for better opportunities. I own a house currently that's fairly rural, on 1 acre, has a pool, room to grow food, a big barn, a 1200 sf outbuilding where my office is, and is pretty amazing, but not in the area I'd want to be longterm if we were to move back to this area to be near family.
I am so torn about selling vs. holding and renting. I think we'll probably rent in Atlanta to start to figure out what area we want to live in and if it's a longterm move or just for a few years to establish new office in the area.
I'd realistically net $500-1000 / month on the rental of this house and we are locked in at 2.75% 30 yr mortgage, which just kills me to give that up if we sell it. Though we'd net ~150K on the sale I could use for other opportunities or hold onto for downpayment when we're ready to buy elsewhere.
Uncertainty of future house prices, mortgage rates, and the highish maintenance of the property making it not an ideal (but viable) rental leaves me uncertain what to do. I think we'll probably end up back in the current town eventually because kids grandparents are all here, but wouldn't want to live in same area, but would probably make that sacrifice for how cheap the payment is with the mortgage we have.
If I sell and prices tank in 12 months and I buy then I am a genius. If I hold and prices tank and I can't get equity out to buy in our new location then I'm a fool.
Since programmers from third world countries can easily get hired for US companies now that WFH is mostly here to stay, is Tech still a desirable career path?
I was suspended from Twitter for saying: "you're a dude."
In regards to the 3rd world programmers, 100% agree. I work for a global software company and our founder is from Pune, India. We're hiring 95% of our programmers from Pune.
potentially - in short. This might even be something that I write a longer note on. Broadly speaking there's huge variability here - but generally you're probably going to run into issues with English (written and spoken), communication (even within India - based teams - i.e. there's differences in northern communication style vs southern style). A lot depends on education, if they've worked onsite with Western clients or for Western MNCs. A major factor influencing quality of work will be the Dev Manager / VP / whatever managing the dev teams.
What BowTied Hippo said is correct, I will add onto it. It depends on the company they are associated with as well as the background they have. A lot of them learn English in high school as a 2nd or 3rd language so it is definitely spotty at times, but if you meet with them on a consistent basis for 2-3 months it is not a hinderance to productivity within the programming world.
Can you guys do a post on how you'd dump income from an *event* into the market? Would it just be all at once or DCA'd over X time? Assuming allocation % stays the same, just bigger size. Happy to fund the post if an eth address is provided
Too many dudes going into panic state or feeling shitty about themselves. Doesn't help.
First and foremost you die anyways. This is just a huge ass game going on, first things first dont take it seriously.
Our ancestors fought wars and famine and you are sitting there whinging that you didn't buy bitcoin at $5. Dumb ass.
BTB posts are simply frameworks and guidelines to live a decent enough life while you are alive. Take the essence of what is being expressed and apply to your own situation.
If you think going back and reading all the posts are going to solve your life problems, its highly probable that you are an idiot. Things take time. If you go from e.g 50K NW in 2022 to 75K NW in 2023. Still progress.
The biggest thing I have taken from being a BTB reader is not financial success. It is actually controlling my emotions and being ok with eating shit. Happy Days.
Very true. Controlling emotions is the key to live, lets you de-risk when you're too hyped and go heavier when you feel like the world is on fire
The Shawshank metaphor is a classic.
I'm very curious to see how the talent exodus plays out in the states with WFH becoming mainstream. Beyond even savings on talent, we can cut bait with an engineer overseas that isnt working out, but to do so locally is a precarious legal situation to deal with.
My recommendation for US based readers: Get into positions where you're directly responsible for revenue in some fashion. You'll need to be able to point to the bottom line to survive.
So sales
Sales def, but there are many different types of roles where PNL gets involved.
I could be a cloud network engineer optimizing operations around terabytes of data. That much data is millions of dollars in cost.
Product managers often have OTE tied to their product PnL swings.
Professional services has its own rev lines
All to say, do what bull says and get into a performance role (which tying to revenue inherently does).
First to get outsourced are the items least likely to affect net revenue.
Saying there are 2 genders will already get you fired and possibly blacklisted at every major tech company. Those companies are completely ruled by the SJWs in HR.
Regarding 3rd world programmers, already happening. Massive hiring in India at the major tech companies. WFH was the trial balloon.
Competition only goes up!
It's still mostly Tata / Infosys body shops. It's cheap Robotic Process Automation (until UiPath and BluePrism make more inroads). Most of the good programmers from India are in US, or want to be US on H1-B. Heck, even Canadian programmers want to be here! Tech salary in Ontario is peanuts to US companies.
The shift back to India will happen, in my opinion, from:
1. US further declines and they realize the quality of life around family in India is on par or better than US.
2. The immigration rhetoric/pendulum is swinging the other way in US (look at the border with TX/AZ, not up for debate).
3. 1+2 == companies can source the good developers/engineers in India via the work from home paradigm for much less money.
The West (USA, CA, UK, AUS, NZ) is definitely in decline. Living costs have increased, Salaries aren't responding accordingly and to top it all off living standards have decreased. Typically these countries attract middle, upper middle class immigrants (in this case India). So the incentive is still there to migrate, but it is diminishing by the year. I work with a few and usually its the poor health infrastructure in India that makes them leave. In India, if you are in even a minor accident or have some medical condition that can be easily treated in eg Canada, it is very possible that you can die.
Partially agreeing with your comment, people leave India/3rd World because of -
1. Conversion USD-INR, check with any of your NRI friend, they must be buying real estate back in India.
2. Ease of doing business, there is so much red tapism and corruption in public departments.
3. Infrastructure, until you're upper middle class you cannot afford Private Hospital bills or secure hospitalization in best Govt. Hospitals like AIIMS.
4. Taxes, India is at par with USA when it comes to taxed its citizen but facility wise you can guess.
Now because of these reasons people are fleeing and considering the current global scenario their next possible destination in Dubai/UAE.
ever see quality of life improving in India?
Makes sense.
Can you provide a link or tell us how you know there's major tech hiring in India? Would like to know the details
https://telecom.economictimes.indiatimes.com/news/top-3-it-firms-hire-over-50-more-than-last-2-fiscal-years/91019486
Short on details, but highlights the trend
Thanks again BTB! Bring back the bullets!
Won’t be able to go from USA to out the country yet. Texas will do for now. Hope to see more crypto friendly countries soon. Looks like it’s happening
50/50 chance we’re already in a recession
Once a week I make a conscious decision to do something that pushes my comfort zone. Being complacent is how winners lose their lead. Great read guise. WAGMI
Ex: Today I booked a trip to meet up with an elite group of people.
Ex 2: Sometime in the coming months I will book a trip to a foreign country.
What exactly does united states of asia mean?
BTB spells it out here https://bowtiedbull.substack.com/p/types-of-mev-part-2-of-2-and-macro?s=r
At a guess? High cost of living; rents at or near 50% of salaries, people priced out of home ownership, stagnant wages and low wages outside of a few job types, multiple generations under one roof (as housing expensive), quality of life for a rich well to do elite
Really wish I had a better idea of what to do. I feel stuck in paralysis of so many options to take compounded by a perpetual gnawing of anxiety.
Go back through the old posts, match up Bull’s recommendation based on your age/experience/income/net wort. Do a quick persona inventory and match up in one of the high value fields he mentions.
Cyber has good stack for getting job in cyber security, Opossum, Fox, and Parrotfish have come highly recommended.
The cliche that imperfect action > perfect inaction applies. GL.
Immortal
Get a tech sales job with a funded company (search crunchbase), start as SDR, move up to AE, practice and perfect your skills as salesperson. This will fund your basic life needs (food shelter social life) with 100k + career income
Get stabilized in high ticket sales Rep career.
Then
Second income stream
Then
Purchase real estate to live in if it makes sense for you
Then
Dca into crypto large cap (btc eth link)
Then
nfts/small cap crypto/risky projects
DCA $1500 per month into assets (stocks crypto) for years, keep lifestyle spending under control, and you'll make it
Career
Second income stream
Real estate (single family home purchase to live in)
DCA crypto purchases
If anyone is working two remote jobs or looking for some general guidance on how to progress their side project while working remote I've put together a starting note on this here.
https://bowtiedhippo.substack.com/p/working-a-second-job-part-i?utm_source=%2Finbox&utm_medium=reader2&s=w
Comments, criticism & questions welcome -
Also note that BowTied Fox (who did the thorough 4 part guide on FAANG jobs featured by BTB!) is also compiling questions on this topic as well
https://bowtiedfox.substack.com/p/im-writing-about-working-multiple/comments?s=r
So I have to move to a higher cost of living area (atlanta) due to work. I do also have some wifi businesses, but primary biz requires the move for better opportunities. I own a house currently that's fairly rural, on 1 acre, has a pool, room to grow food, a big barn, a 1200 sf outbuilding where my office is, and is pretty amazing, but not in the area I'd want to be longterm if we were to move back to this area to be near family.
I am so torn about selling vs. holding and renting. I think we'll probably rent in Atlanta to start to figure out what area we want to live in and if it's a longterm move or just for a few years to establish new office in the area.
I'd realistically net $500-1000 / month on the rental of this house and we are locked in at 2.75% 30 yr mortgage, which just kills me to give that up if we sell it. Though we'd net ~150K on the sale I could use for other opportunities or hold onto for downpayment when we're ready to buy elsewhere.
Uncertainty of future house prices, mortgage rates, and the highish maintenance of the property making it not an ideal (but viable) rental leaves me uncertain what to do. I think we'll probably end up back in the current town eventually because kids grandparents are all here, but wouldn't want to live in same area, but would probably make that sacrifice for how cheap the payment is with the mortgage we have.
If I sell and prices tank in 12 months and I buy then I am a genius. If I hold and prices tank and I can't get equity out to buy in our new location then I'm a fool.
Any advice appreciated.
Choose 1: ElonMuska or VitaminButane?
Since programmers from third world countries can easily get hired for US companies now that WFH is mostly here to stay, is Tech still a desirable career path?
I was suspended from Twitter for saying: "you're a dude."
In regards to the 3rd world programmers, 100% agree. I work for a global software company and our founder is from Pune, India. We're hiring 95% of our programmers from Pune.
How do the programmers from there compared to the Western-based ones? Any communication, quality of work issues?
potentially - in short. This might even be something that I write a longer note on. Broadly speaking there's huge variability here - but generally you're probably going to run into issues with English (written and spoken), communication (even within India - based teams - i.e. there's differences in northern communication style vs southern style). A lot depends on education, if they've worked onsite with Western clients or for Western MNCs. A major factor influencing quality of work will be the Dev Manager / VP / whatever managing the dev teams.
What BowTied Hippo said is correct, I will add onto it. It depends on the company they are associated with as well as the background they have. A lot of them learn English in high school as a 2nd or 3rd language so it is definitely spotty at times, but if you meet with them on a consistent basis for 2-3 months it is not a hinderance to productivity within the programming world.
While I understand that wealth is relative, is there a general formula/rule for calculating if you are "Gonna make it" for people not in the USA?
can you live on 25x of your expenses - rent, food, transportation, hobbies
Can you guys do a post on how you'd dump income from an *event* into the market? Would it just be all at once or DCA'd over X time? Assuming allocation % stays the same, just bigger size. Happy to fund the post if an eth address is provided
pretty sure Triangle Investing covers this fren
thats right, ty ser
up to the match and that is it!
im sorry. i read it as a work 401k.
I nearly jumped on that comment too.
is a Ira something you are starting with? I left 2 companies and moved them to self directed IRA and bought more crypto through Altoira