It’s no secret that a major perk to working in development is the salary. Developers are often paid higher than the average salary, and as you move up in a company, you can see significant growth in your income. We all know financial literacy is often skipped in early education, which is why this week we’re talking all things financial planning with our special guest, Shannon Lee Simmons, to teach you what you need to know about managing your finances as a high earner.
[10:57] What benchmarks exist for net worth? Should we care?
Where should you keep your money? How much should be kept in cash vs. investments?
[19:14] How should you balance your lifestyle with wealth building? How do you recommend avoiding lifestyle creep but on the flip side, how do you make sure you’re allowing yourself to enjoy your money while also saving for the future?
[23:09] We have an international audience so without getting too specific about different types of retirement accounts, what general advice can you give to those looking to save for retirement?
When is the right time to see a financial advisor
[28:27] What are your thoughts of the FIRE movement?
[36:04] Do you have any thoughts/ advice to any of these Wall Street Bets people investing in GME stocks?
What tools do you recommend to people to help manage their finances?
[41:42] Shoutouts
https://github.com/ladybug-podcast/ladybug-website/blob/master/transcripts/66-personal-finance.md
