"I learnt that even an average engineer with a five-figure salary can become a millionaire by her late 30s, through financial discipline and investment planning."
Then why doe the article mention average as part of the target audience?
"The implication of the article, that such compensation is reasonably possible to a moderately competent software developer working for big companies in the United States, seems pretty reasonable to me."
I'm moderately compentent and work for a large company. Why do I make under $100k? It seems your perspective might be skewed as it is not common, as evidenced by the median dev salary of about $105k.
"None of the numbers strike me as particularly unusual for the author’s circumstances, so if they strike you as unusual (and you are able to work in the US), then it might be worth considering trying to get yourself into similar employment, if that’s what you’d want."
Again, I think there's a drastic perception issue here. These number are by definition unusual or rare given the median. It's simply not possible for an average person like me to make that kind of money.
"60% of the increase in net worth between 2020 and 2021 comes from investments rather than the ‘earning half a million dollars a year’ and those investments came from earning less than that (obviously such incomes still generally aren’t available to people who aren’t software engineers at big US tech companies, and it may be reasonable to complain that a path that >100k people follow is unreasonable but within this path I think it’s pretty reasonable)."
And again, the majority of the US devs fall at or below the median, putting them right around or under that $100k number.
So yeah, use "normal" people get a little pissed off with people telling us that it's not unusual to be making multiple times our salaries and we could easily achieve this too if only we were "moderately competent".
Then why doe the article mention average as part of the target audience?
"The implication of the article, that such compensation is reasonably possible to a moderately competent software developer working for big companies in the United States, seems pretty reasonable to me."
I'm moderately compentent and work for a large company. Why do I make under $100k? It seems your perspective might be skewed as it is not common, as evidenced by the median dev salary of about $105k.
"None of the numbers strike me as particularly unusual for the author’s circumstances, so if they strike you as unusual (and you are able to work in the US), then it might be worth considering trying to get yourself into similar employment, if that’s what you’d want."
Again, I think there's a drastic perception issue here. These number are by definition unusual or rare given the median. It's simply not possible for an average person like me to make that kind of money.
"60% of the increase in net worth between 2020 and 2021 comes from investments rather than the ‘earning half a million dollars a year’ and those investments came from earning less than that (obviously such incomes still generally aren’t available to people who aren’t software engineers at big US tech companies, and it may be reasonable to complain that a path that >100k people follow is unreasonable but within this path I think it’s pretty reasonable)."
And again, the majority of the US devs fall at or below the median, putting them right around or under that $100k number.
So yeah, use "normal" people get a little pissed off with people telling us that it's not unusual to be making multiple times our salaries and we could easily achieve this too if only we were "moderately competent".