Probably most people I work with in their 30s or 40s are multimillionaires.

Yeah? On paper, 401k, or elsewhere? Where have they worked and for how long?

Because in my experience, the “everyone who works at a FAANG is a multi-millionaire” meme is 100% bullshit. Especially when I read things like https://news.ycombinator.com/item?id=26336029

I never said everybody is, but I do think most people who have been at FAANG or companies that pay in the same ballpark like trendy late stage pre-ipo companies for 10+ years are or are close (especially if we define multimillionaire as >2m networth including 401k and house equity, and include household wealth for married couples).

My other comment you linked I still stand by. But you don't need to be IC6/L6/E6, refreshers and equity appreciation are very powerful if you are lucky enough to get both.

What company uses the scale in this comment? (IC5 IC6 IC7 etc)

At least Apple does. I'm not sure if other companies use it as well.

It's not the Apple scale though. I mean, it looks like it, but the details are different.

Definite humblebrag here.

Maybe you should check what some of their houses are worth lol

The people I know in tech in the Bay Area rent. It’s their parents, who bought their properties in the 1980s or before, who are the land-owners.

That said, I’d definitely be interested to see actual statistics about own vs. rent for people in tech in the Bay.

If your talented and fail at starting your own company it won’t be very hard to find a job in sv

If you get an entry level TC of 140k and save 50% of it, you'll be a millionaire in 15 years.

That's without any kind of growth, investment, stock options growing in value, raises, etc.

Whoops, missed a word. I meant not possible.