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Joined 1 year ago
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Cake day: June 27th, 2023

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  • According to levels.fyi, Microsoft grants about 50-100k (25 percent of their pay?) in stock for their senior engineers each year. Amazon is closer to 200k (which makes up about 50 percent of their pay)

    I guess you’re right in that it won’t really affect them, assuming the tax event occurs when the rsu gets vested and not at the sale.

    It’d be more likely to affect folks who are in a pre-ipo company, gain a bunch of stock, and then sell it post-ipo. I know several folks at AirBnB who this would have impacted and several at stripe who this probably will impact.













  • For what it’s worth, there’s a big difference between a 2 year front end engineer and someone who has been doing it awhile. I’ve worked with both and the product from higher end folks is usually much better. Whether companies know that or not, I’m not so sure. On the downside, the front end stack seems to change every 2 years so it can be difficult to keep up. I’m more of a backend person that writes front end when it meets a need.

    Wish I had some advice for him. Best I could say is to jump into some open source work (or pet projects) and make sure he understands whatever framework companies are looking for. It’ll help keep his mental health up, build his skills, and look good on a resume. Pretty sure React is still the main framework. Whenever I’ve interviewed folks I always looked kindly on anyone who could talk passionately about any project that they’ve worked on. He should have someone go over his resume as well to ensure it has the right keywords or at least no red flags (And maybe tailor it a bit to ensure it references what that specific job is looking for) HR is notorious for filtering out resumes for otherwise qualified candidates. Finally, he shouldn’t filter himself out from any jobs. Even if he looks unqualified he should make his resume look as qualified as he can and take a shot. Maybe also reach out to some headhunters. They take a cut of your pay, but it can be helpful to get in the door.

    I assume he’s probably doing all of that, but figured I’d type it out just in case.





  • Yeah I remember getting calls for my student loans asking me to consolidate my federally backed loans and claiming I was going to save a bunch of money. In reality they were lowering my monthly payment but at a higher rate and with a longer term, which would have caused me to spend a significant amount more in the long term . Bunch of scams that should have never been legal. Looking at the source, it looks like consolidated loans for folks who owe more than when they started are covered as part of the forgiveness. Hopefully that goes through someday.

    The federally backed ones I remember having good to reasonable interest rates (looking at historicals they were pretty low most years) and being much lower than I could get anywhere else.

    I’d love to see higher education being affordable for everyone. (If not free)


  • Isn’t that how all loans work though? It’s just that the lenders insist I pay enough to cover the interest and some principal, otherwise I’ll never pay it off. If I made a payment for a car loan and it wasn’t enough to cover the interest, my principal would never go down (in fact it’d go up if I didn’t cover the interest). I can actually get an interest only home loan (or at least you used to be able to) but I think those are insane. The difference with car and house loans is if you miss enough payments they’ll come take whatever collateral you have. School loans are a bit different in that there’s no collateral for them to collect

    I’m not arguing that the situation isn’t fucked. It is. School is way too expensive for the value you get. People who haven’t been paying these loans for the last decade also probably owe way more than they originally took out and you can’t default on them… but the fact that they’re earning interest isn’t any different than any other loan.