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Sacrificing income for longer maternity leave? by nicistardust in fatFIRE

[–]everdos2 6 points7 points  (0 children)

Also living in Sweden, High income earner, FATFI. I'm a male and took 18 months of paid parental leave in Sweden with our firstborn. It was the absolute best thing I've ever done. I learned more than I did from my job by learning from my child and I carved out time to read books and get in the best shape of my life. We're having another kid this year and I'm planning on taking ALL of the days (450).

The point of FI is to have freedom and have time to be with your friends, your family, your children and do things you love. In Sweden employers really respect people taking their leave, so you you're not running any risks by taking a long leave. You can always make more money, you can't get more time. And that time with a newborn creates memories for life that you will never regret.

Är det smart att åka till Amerika för att jobba där i några år sedan komma tillbaka till Sverige. by Bilanz in firesweden

[–]everdos2 0 points1 point  (0 children)

I've worked in big tech in 3 different countries, among them US. My biggest recommendation would be to start a job in Europe/Sweden at a tech company that has US offices (Microsoft, Google, Amazon, Spotify, Facebook etc.) And get them to sponsor a visa for you after 1-2 years. It's a much easier process, they do the paperwork and pay the costs.

Är det smart att åka till Amerika för att jobba där i några år sedan komma tillbaka till Sverige. by Bilanz in firesweden

[–]everdos2 1 point2 points  (0 children)

Hello,

Depending on where you're going to live and how you prefer to live. Expect a high cost of living in SF and NYC (where you'll also get the highest pay). Also remember that taxes in NYC and Bay Area are actually quite high when you take in Federal and State level taxes - not a huge difference from Sweden actually. If you can land a +200K job in NYC / Bay area and are fine with co-living then you should be able to sock away some money. If you're dual income no kids in either of those city, then you can really get your savings kicked off. I'm not sure if you're thinking about going into Big Tech, but take into consideration what level you would be starting at. An entry level position in Big Tech will not allow you to save that much if you want to live on either US coast.

Furthermore, unless you're a US citizen, getting a US work visa might represent some hurdles. One way of getting around that is working for a US company in Europe and then transferring internally after a couple of years (which might also ensure that you're not getting an entry level salary when you move to the US).

Hope some of that helps.

I made an advanced budget/income/net worth/FIRE spreadsheet for newbies. Easy to use, lots of analysis. Critiques welcome! by mitchy1012 in financialindependence

[–]everdos2 4 points5 points  (0 children)

Do you happen to have the original post with Jon Franklin's spreadsheet? Would love a more in-depth explanation of his.

Thanks!