• Recently, onaforums has taken to opening a substack. You can subscribe to this substack to get email notifications when the site is down, gets a new domain name, or is otherwise running into trouble. We are not accepting donations at this time, so please skip the part where it asks if you would like to contribute. Subscribe at onaforums.substack.com

  • Reminder: Do not call, text, or mention harrassing someone in real life. Do not encourage it. Do not talk about killing or using violence against anyone, or engaging in any criminal behavior. If it is not an obvious joke even when taken out of context, don't post it. Please report violators. If you want your account deleted, send a private message to @BlackTransLivesMatter

    Do not post IRL pranks here without including the source

    DMCA, complaints, and other inquiries:

    [email protected]

Fuck All Kiwis

Jack_Horner

Forum Clout
3,264
I think you can do the multiple IT thing, and have it make sense if you fall within a certain intersection of goals and abilities. The first is the goals. If you have some type of longterm career path, I don't think this is a good use of time. You're not going to building up a good resume or skillset. You also not going to be increasing team skills you need for higher levels.

There's also money. In my uninformed opinion, you're not going to be making more in Mayne 3-5 years. Best case scenario you get 3 jobs that require a bunch of manual shit, data cleaning etc. You automate shit so that you can do all 3 jobs. You're doing 60k*3 ? You're not getting equity , you're probably not getting bonuses. Senior devops you can be 200k+ base and you're already way ahead.

You're essentially front loading your earing potential but creating an artificial ceiling.

It really depends on your goals.

The Cumtown folks have heard me drone on about this one ad nauseum, but here goes:

I've tried damn near *everything* to make money. I've invested in stocks, bonds, options. I've had jobs where I've worked my ass off. I've had jobs where I barely worked at all. I've worked for startups and Fortune 50 companies. I've received tons of stock options in various jobs.

After decades of experimenting with all of these avenues, I came to realize that nothing beats working two jobs (or more.)

In a nutshell, it's possible to find tech jobs that pay $250-$350K. But those jobs are rare, and due to the huge paycheck, they come with elevated expectations. Even worse, the compensation is often tied to stock options or RSUs. I know all of this firsthand; I used to work for a software company where I worked about 50 hours a week, six days a week, and more than 50% of my compensation was in stock.

Conversely, anyone that's halfway decent at tech can find I.T. jobs that pay $150K all day long. They're numerous and ubiquitous. And due to how easy they are to get, if you lose one, you can find a new one in a span of weeks if not days. If you work for Google/Amazon/Facebook/Microsoft and you're making $300K, it's challenging to find something comparable if your laid off. But if you work for some insurance company in Kansas City that's paying you $150K a year, and you lose your gig, there's a hundred more places that will hire you.

Put all that together, and it's a reliable way to make $300K a year.

One 'neat' thing about double dipping is that you also learn a bunch of crap from Job II that you can apply at Job I, and vice versa. I know guys who've been doing the same job for 15 years, and when they get laid off they find that their skillset is ten years out of date and they struggle to find a new gig that pays what they've grown accustomed to.

As far as "front loading" goes, I've been at this for ten years now.
 

Jack_Horner

Forum Clout
3,264
How far away are you from yours and jessica's retirement goals? I know your kids are adults now so you can probably ease into retirement pretty smoothly in the next few years.

The thing that fucking sucks about being close to retirement is that if you have one bad year, it can wipe out as much as 5-10 years of savings.

For instance, I lost more money on my investments in 2022 than I earned in the entirety of my 20s.

I love TV shows like "Bar Rescue" and "Kitchen Nightmares" because they do a great job of illustrating how cosmic your losses can be if you fail at a business in your 50s or God forbid in your sixties.

And before anyone assumes that I was YOLO'ing on BBY puts or something stupid like that, my biggest losses were all in long term bonds.

Here's some Fun Math on how badly you can get buttfucked when you're close to retirement:

Let's say you have a million dollars in long term bonds and it's 2021. Those bonds generate about 0.5% in income. So you have a million invested, and you're getting a whopping $5000 a year in income off of them.

Bond prices fell 33% in the span of one year: https://www.google.com/search?q=vglt

So even if you re-invested 100% of the coupon, you wouldn't be back to where you started until TWO THOUSAND AND EIGHTY FOUR

2084!!!

So, yeah, got my teeth kicked in last year. Not a great year for anyone knocking on retirement's door.
 
Top