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Ask HN: What are fastest paths to financial success?

2 pointsby snowisgonealmost 5 years ago
<i>At Digg, one mentor gave me the savvy advice that the fastest path to financial success was working for four years at three different just-about-to-IPO companies. A surefire way to retire by forty. (This is, for the record, pretty good advice.)</i><p>https:&#x2F;&#x2F;lethain.com&#x2F;forty-year-career&#x2F;<p>What are other fastest paths to financial success? Currently am a software engineer, so looking for advice in this career choice.

3 comments

icedchaialmost 5 years ago
I&#x27;d start by reading &quot;The Millionaire Next Door.&quot; It basically boils down to 1) get a decent paying job, 2) live below your means, 3) save&#x2F;invest the rest of your money for 20 to 30+ years.<p>Hitting 3 &quot;about-to-IPO&quot; companies that actually do IPO and also give you a decent return is very, very low probability. One of the first startups I worked for, during the dot-bom boom, went IPO. Less than two year later it was near bankruptcy. Everyone&#x27;s options were under water. Maybe a couple guys cashed out a bit, but nothing life changing.
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AnimalMuppetalmost 5 years ago
The fastest path to financial ruin is to look for the fastest path to financial success. Slow and steady may take longer, but it&#x27;s much more reliable.
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catacombsalmost 5 years ago
&lt;sarcasm&gt;<p>Step 1: Don&#x27;t be poor. Step 2: Repeat.<p>&lt;&#x2F;sarcasm&gt;