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by Lionga
1282 days ago
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Or live a in low COL country with low taxes, spend nothing on stupid leet code courses (the time is much more valuable than 2000$) and just freelance. You can make 300K easy if you would be able to get into FAANG, and take home 270K after taxes. Spend 800$ to live in a fancy, big apartment or a nice small house, eat out as much as you want, do vacations live a good life on 20K per year. After 3 years you will have 750K saved + 100K was never touched and only need 15% growth in 3 years (instead of the illusional 100% growth of stocks hoped for in the above comment) to be at a million. Even if stocks go down you are easy FIRE with a SWR that gives you 30 to 40K a year so close to double of what is needed. This should work much much more likely than the crazy thing OP suggest, not even sure if meant with sarcasm or not. Source: Did exactly that in the last 3 years |
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I spent a year trying to do freelance (10ish years of experience and some major brands like NFL and Microsoft) and couldn't land anything close to that either, so I ended up getting a normal job.
I'm currently doing something similar to what you're doing (I live in Taiwan and work for a California company.) Where are you living where you have a 10% tax rate? Even Signapore's income tax isn't that low. I'm assuming when you say "take home 270k after taxes" you mean personal income taxes?
My suggestion of leetcode grinding was a bit tongue in cheek but I still think it's the least risky, most control-able way to reach that goal in three years.
Like I said though, I'm genuinely curious. I'm always down to learn about ways to make more money for less work :D