One thing that is very important to realize after being laid-off from a very big company during a recession is that you need to adjust your salary expectations for the new reality. And the other thing is that you should have been prepared for this a long, long time ago. Economic cycles are a thing, it is in all history books, there's no excuse for not being aware of them.
I have always been very very conservative with my expenses, I don't expect the situation where I make hundreds of thousands of dollars an year as a developer something that will go on forever. They are out there to get you, you are not a business guy with connections, probably you came from a working class family, if they can, they will take the rug out of your feet. So, don't get too excited thinking that making 300k an year (or even 400, 500, whatever) by itself means you're rich now. Income by itself is not wealth if you don't save it. You really don't need a Peloton bike and other conspicuous consumption signs.
I have always been very very conservative with my expenses, I don't expect the situation where I make hundreds of thousands of dollars an year as a developer something that will go on forever. They are out there to get you, you are not a business guy with connections, probably you came from a working class family, if they can, they will take the rug out of your feet. So, don't get too excited thinking that making 300k an year (or even 400, 500, whatever) by itself means you're rich now. Income by itself is not wealth if you don't save it. You really don't need a Peloton bike and other conspicuous consumption signs.