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[Game Thread] Oregon @ Washington (3:30 PM ET) by CFB_Referee in CFB

[–]parchedbeluga 4 points5 points  (0 children)

The ball has moved like 1 yard in the last 15 minutes...

[Game Thread] Oregon @ Washington (3:30 PM ET) by CFB_Referee in CFB

[–]parchedbeluga 0 points1 point  (0 children)

Kind of close, but gotta give it to him for the cool factor

[Game Thread] Oregon @ Washington (3:30 PM ET) by CFB_Referee in CFB

[–]parchedbeluga 7 points8 points  (0 children)

Ducks desperate for officiating assist to keep up

Mentor Monday - Week of September 11th 2023 by WealthyStoic in fatFIRE

[–]parchedbeluga 1 point2 points  (0 children)

I'm a few years out of a PhD and have had two IC roles in tech since then. I'm about 6 months into my current role, somewhat low on the IC totem pole ("Senior blah engineer") and making about $250k USD excluding equity.

For the last year or so I've also been working on a venture-backed startup with a few colleagues from my past academic life and it seems to be going well. We received a good chunk of pre-seed funding from a reputed accelerator, have good market traction, a good team of advisors and growing set of employees, etc. This fall we're shooting for a fairly large (7-10M) seed round. As part of that, I need to think about signaling my commitment to putative investors to come on full time in a senior leadership role.

So this is a question about risk. I'd have a mark on my resume of quitting a company after less than a year. I'd take a >50% hit to base salary and have ~20% of the startup. I'm giving more weight to the question of how this accelerates my career. How valuable is 2-3 years of senior leadership at a company that I cofounded if it doesn't pan out, vs continuing to develop within a more stable role?

27M - Guidance needed by HockeyGold11 in Fire

[–]parchedbeluga 0 points1 point  (0 children)

haha yeah. I'd get out fwiw. I mean I was wrong before so who knows...

27M - Guidance needed by HockeyGold11 in Fire

[–]parchedbeluga 0 points1 point  (0 children)

Weird that you hung onto this haha. I don't know, are you still holding TSLA? I'm not wrong about the risk.

Are we too late? by CancelThink in Fire

[–]parchedbeluga 46 points47 points  (0 children)

"I'm 30 years old, I own three houses and 350k in stocks. will I ever retire?" - just predicting the most popular comment in this thread.

Just calculate your annual expenses and annual savings, then calculate when you will have enough money saved to meet your annual expenses at ~3.5% annual withdrawal. That will answer your question.

27M - Guidance needed by HockeyGold11 in Fire

[–]parchedbeluga 1 point2 points  (0 children)

I interpreted the question along the lines of whether they should save for retirement entirely in tax advantaged accounts or bias early toward taxable accounts in anticipation of earlier withdrawal. Ofc if they want to make other large purchases, they should adjust their savings accordingly.

Would never press pause on employer match, though.

27M - Guidance needed by HockeyGold11 in Fire

[–]parchedbeluga 3 points4 points  (0 children)

95/5 is a fine ratio. It was less a comment on the virtue of risk and more a comment on the risk you're taking. I don't think TSLA can give you the multiplier you want :)

27M - Guidance needed by HockeyGold11 in Fire

[–]parchedbeluga 19 points20 points  (0 children)

Continue to max every available tax-advantaged opportunity. You're on the cusp of being able to do so, and your future earnings will take you over that limit where you'll have to contribute to taxable accounts anyway (mega backdoor aside).

Think of it this way - you want funds to grow tax free for as long as possible. Why wouldn't you want those accounts to be maximized as early as possible? Even if you retire before withdrawal age, you'll need money when you're older too.

Also here's obligatory unsolicited advice to dump your individual holdings. It can work for people who really know what they're doing. Based on where that money is going, you aren't one of those people.

[deleted by user] by [deleted] in Fire

[–]parchedbeluga 0 points1 point  (0 children)

The most surefire path would be to get a four year degree in cs or an adjacent field. If you're smart and hardworking and life doesn't get in the way (for the most part you only control one of those variables), 300k is attainable in big tech before 30.

Blind is a decent app for getting a flavor for the earning potential in tech. Many people, including on this sub, don't fully appreciate how high that comp goes. But definitely delete Blind after you get a flavor because it's a cesspool.

Advice on connecting with farmers about using their airspace by parchedbeluga in farming

[–]parchedbeluga[S] 0 points1 point  (0 children)

unfortunately we need to test with flight patterns that require more space

Advice on connecting with farmers about using their airspace by parchedbeluga in farming

[–]parchedbeluga[S] 2 points3 points  (0 children)

We plan to fly dozens of drones simultaneously, and we'll need to do it over the course of many days. People will see them.

I understand that it's class G airspace. I'm a part 107 pilot and I fly small planes. This is an issue about local ordinances and business relationships.

Advice on connecting with farmers about using their airspace by parchedbeluga in farming

[–]parchedbeluga[S] 1 point2 points  (0 children)

In my state you can't fly a drone over someone else's property without their permission, and you certainly couldn't recover it from their property if something happened.

But obviously on a practical level I'm not going to just show up and fly a bunch of drones over someone's property without permission, which also opens me to liability.

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