Ways to Maximize Income

Question

I&rsquo;m doing great at work, but working for pay bumps has diminishing returns.I&rsquo;m impactful, but this also seems to have a limit.Within the last year I got a 16% bump, but I&rsquo;m trying to do better.I can take on more work, but I don&rsquo;t think that would result in more pay.I&rsquo;ve thought about getting a second remote job (SWE or similar).What alternatives exist besides switching companies?

metabro · Accepted Answer

Silicone valley type company or quant fund type companies. Target those.

ggm · Answer

Is what you earn so far out of whack with cost of living? How many standard deviations above average for your age are you at present?
Not to disrespect the "can I do better" part
Taking a second job in SWE is risky. You may hit IPR rules both sides and you risk termination at will for perceived disloyalty.
Would you tell your current employer you have a second job? What would you do, if they found out indirectly?

more_corn · Answer

If you&rsquo;re going to do the second job thing I highly recommend founding a software consultancy so you can be upfront about the fact that you have multiple clients. If you&rsquo;re good and you attract clients and other good people to work with you, you can make a lot of money.

klooney · Answer

In the last 20 years or so, working for Google or Facebook was the best effort to reward ratio. It's hard to pick winners ahead of time though.

blinded · Answer

Do get you stock / RSUs?