With all these market fluctuations recently, it's nervewracking...

July 11th, 2022

With all these market fluctuations recently, it's nervewracking...

With all these market fluctuations recently, it's nervewracking to continue as financially planned when it may seem like things are falling apart. Especially with so many tech company stocks down a significant amount this year, there is fear amongst software engineers that we've hit our compensation highs, and it's only downhill from here. " "" "I don't believe that. Of course, we're in a trough, but that's expected in the cyclical world of economics. I think of my finances (and savings) like a snowball. I want that snowball to continuously grow and gain momentum as I get older. In some ways, that's just how compound interest works! So perhaps I misspoke: I do believe my financial snowball is going downhill 😂" "" "Continuing the metaphor, the snowball just hit a tree or two, lost a couple of chunks, and slowed down a bit, but it's still rolling down that mountain, and it's just a matter of time before it picks up more speed. Will other things get in the way of it and slow it down again? Inevitably, but if you've still got runway down the mountain, just keep rollin' #bendevtip


Original post on LinkedIn