How to Get RICH from Coding
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- čas přidán 30. 07. 2024
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When you think about getting rich from coding, what comes to mind? Creating the next big start-up idea? Building a mobile app? Running a freelance business? These are all ways one could possibly get rich from coding, however, the probability that any random developer makes millions of dollars in their life from one of these endeavors is slim. Matter of fact, the way the average programmer can get rich with programming is much more simple.
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Timestamps:
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0. Intro: (0:00)
1. How the average programmer gets rich with coding: (2:13)
2. Investing: (2:56)
3. Getting big raises as a developer: (5:18)
4. Managing lifestyle creep: (8:23) - Věda a technologie
I started in tech about 10 years ago making $12.75/hour at my first IT job and about a year ago I joined a big tech company and started making roughly $350-400k depending on how my company's stocks do. Prior to working in tech I was a college flunk out who worked in fast food making minimum wage and didn't know anything about coding. I'm average at math and didn't learn to code until I was about 28. I think it's important to realize there's a lot of different paths to getting to big tech and it's only unachievable for those that don't try. I know plenty of people smarter than me who I've met throughout my career who still make $150k~ because they refuse to even apply to these places because they're "not ready" or believe they're not "good enough". Don't limit yourself!
How did you learn coding and what was your 10 year path
Nice write up my bro✅
Ty for motivation! What language do you code in ?
Great comment. I'm 28 and just started to learn IT/code. Hearing you start at the same age for a career change makes it feel less intimidating. Thank you!
Do you also own company stocks? What exactly do you mean by IT job? Web designer, AI etc?
There's an old saying, "Wisdom is wasted on youth". We all have learned lessons that we wish we learned earlier in life. The most important thing is that you learned the lesson and you took it to heart.
Thank you for sharing your wisdom and experience with the rest of the world.
Kenny, you're the man. I'm 29 and just started to wrap my head around front-end development. Excited for the future of technology, as well as my knowledge and career.
@@earthtomemphis ?
AI will replace 90% of developers so think twice is it worth of loosing time for it?
@@Gorillazz-hd8hr Yeah, you should run and hide form AI. More space for us 😘
@@Gorillazz-hd8hr not really bro
@@Gorillazz-hd8hrwhatever excuse you need to tell yourself for quitting bro
I'm into 8 month(including 3 month internship) of software engineering work and as you say one makes good money but it takes time to adjust to new lifestyle. I adopt a better get as much fundamentals good as possible in any order and go for stability, the long run game. Then when one have also many more things of the equation one have all the fundamentals as well not just money and fame. I'm still nervous about messing it up since yes i'm smart but also sometimes impulsive, something I work alot with. All and all I go for the it matters how things end up more than the road or what one thinks getting there. (cool if you can have all ok but still...)
Thank you for inspiring channel!
Thank you Kenny! Huge thank you for keeping all of us hopeful for the better future and motivating us to get better! Viele Danke!
Loved this video! Especially "lifestyle creep" such a good point.
Incredibly helpful and inspiring. Thank you for those two book resources, and the encouragement to invest, and the warning about lifestyle creep.
I been coding for 6 years just as a passionate hobby and finally going to university of Utahs coding boot camp to get my certificate! I absolutely love building things. I’m not looking to be rich, but well off just doing what I love man! Life’s too short
It's reassuring hearing from you that one can start low and then climb to 6 figures. I'm looking for new grad roles and it looks almost impossible to start at 6 figures if it's not Big Tech.
Kevin: Isn't that the best news. It is good to encourage each other during these difficult times.
That opening shot is a masterclass in cinematography. Absolutely beautiful
I literally told Allison “Yo film this road” while I was driving lmao
@@kennygunderman Allison? You mean Christopher Nolan?
Can’t wait to see your next video 👏 I am thinking about the starting your own business route. The lifestyle creep is very true. Hopefully people realize it before spending too much 💰
Love your videos Kenny! Keep up the great work!!
The kind of advice I was looking for. This was truthful and useful. Im subscribing.
Could you make a video on how to become a remote developer working from another country, and essentially take advantage of purchasing power parity. Think living in Wyoming on a NY salary but on an international level.
Is working as a remote software engineer from another country even possible?
Thanks for making this!
thanks so much
I am still new in my career and it isi my first year.
thanks for sharing your advice
THanks alot mate, this video really opened my eyes. God bless :)
Great insights…thank you for sharing…newly subscribed 😊
I really needed to hear this Im driving a big Ford Truck and I am paying more on it compared to my house I am thinking of down grading.
Release early. Iterate. Be agile. Don't scale up unless you have to. Be a Company of One, like Paul Jarvis says.
This is great video man, Thnx ❤
Awesome video and message! Is there something to learning legacy software because some companies won't adopt new tech so it will be an in demand skill?
I Can relate bro. Great video!
could you do a video about investing alone? like the startups and stuff?
❤
Cheers Kenny! Thank you!
I would like to see a video where you talk about how GPT-4 and other AI stuff will affect developers, it would be great to hear an opinion from you.
I agree. I feel like this is absolutely not the time to talk about getting rich from coding. Almost everyday a new AI tool is being released that increases the likelihood of developers getting replaced.
@@Adam-nw1vy Yep, even if AI won't replace developers entirely, it will make this job easier and easier to the point that even a monkey can code at some point, which makes developers very very cheap.
@@Adam-nw1vy he already made a video
If your not good coding you are gonna be replace, if you good you are gonna use it as a tool, thats it
@@jorge.minakata yep and then we have systems design -> lot of developers only spend like 30% of their time coding (70% solving novel problems)
This is honestly really great advice man. I started a web design & development company with a SEO friend of mine. I made really good money from 2008 on thinking I was well paid as all the tech and landscape of modern moved way beyond me. I clearly remember a peer brought up Git while I was still FTPing whole WordPress deployments. You don’t want to be that guy. It’s basically the I learned “you shouldn’t be the smartest developer in the room” situation when it comes to learning to grow in your career in the tech industry.
You're just too real man. Genuine and original points made. And BTW, new studio apartment or just a different camera angle?
Same apt, diff angle
I enjoyed this video, can you do more finance videos? Super helpful to think about this way. Love to hear about long term investments and strategies and simple ways to do this for clear attainable long term goals.
The Simple Path To Wealth is an excellent book!
I Will Teach You To Be Rich by Ramit Sethi is also a great book! The title turned me off at first but it's actually really good. He discusses what you touched on at the end of this video which is to avoid buying useless shit (lifestyle creep) and spend your money on what brings you value. It's a solid read.
i'm a brazilian backend developer and damn i fell underpaid. Thank you for the video, im on my way to get a better job because i know that i deserve
Very useful. I'll pass it on.
Great video! Would you be interested in telling us how you work in a normal day.
Hey Kenny, thank you for sharing all this information with us. Would it be possible if you could recommend me a good java course or udemy?
I think more reasonable salary ranges to start with would be from $50 to $100. But this video is good. Very good!
Since I am 15 and I like coding, I believe I will make it because I usually say to most people "If you lose weight, you can do anything" because the amount of people who go on "weight loss", only less than 1% succeed. I succeeded. As my favourite bald man's brother said, "You are 17, cut out videogames, cut out sleep...", I cut out everything from my life.
After the national exams I have, I will go fully monk mode. When I say I will do something at "x" time, I mean it, I have done it before.
I have to pass the exams with good grades and enter a high-school of my moms liking because my family's happiness is more important than mine, as long as my mom is happy, I can 100% continue coding.
When it comes to the financial aspect of life, I have to say, firstly, I have to focus on the coding aspect first. Secondly, I am just 15 at the moment, I do not have money YET.
Based
Keep working on yourself and you will reach places, my man
@@arsnakehert Thank you
maybe do a vlog on your channel would love to see how well it goes
@@perrtburtop3146 i started a new channel, 「 czcams.com/channels/7w3yB5c08NRrLBA9m38jyA.html 」maybe in the future ill post on it but i want to become better in my field
You are 15 my guy .. you are gonna burn out really fucking quick . I am now 19 and i used to be almost just like you at 15 , but even though i am young still , i have come to realise that life is much more than grinding to become an andrew tate or w/e .. life is a lot more than that , and sure you wanna work towards something but , like the ancient greeks said , everything needs to have a limit ( παν μετρον αριστον ) . Meaning too much of anything is bad for you . Dont go into that " monk mode " as you call it or "cut out videogames and sleep " . Discipline yourself but also learn to enjoy yourself .. Maybe you are too young and foolish to understand this from now , but i hope you get it soon and not when you are in your late 20s or 30s
I'm in my early 30s now and I'm attempting to build a career in the IT field. Not sure how I'll do, we'll see. Still struggling as I have zero background in this field nor am I good with math. Currently an unemployed sore loser too. But hey, I won't give up. I hope one day I'll make it but hopefully it is not too late or I'll be damned.
Hi Kenny, and thank you for the endless tips & tricks that you're sharing, they're really informative and useful for a newbie.
May I ask you a piece of advice regarding the specs of my first laptop now that I'm starting my journey to become a coder? I will start with the basics and then moving to Python, hopefully towards the realm of machine learning; is a laptop with a Ryzen 5 5625u six core with 16gb ram enough? Or should I start with at least 8 cores? And do I need a graphic card?
Ryzen 5 with 16gb is absolutely great for coding or programming especially Python. Even if you use this for game development, it is also sufficient enough. You do need a graphic card with at least 4gb and up of its own memory. Don't get a computer that has a built in graphic card otherwise it will hug your main memory and that will slow down your computer or laptop.
i am opting forn 32 gb but 16 is good. I am into app development
Thank you man
congrats man
i just have 1 question that always play in my mind.
Can you tell me how foreign people to get remote job in Big Tech? or job in US.
Great content
7:14 great point
Good video 👌
Sage advice.
Ok but how and where to invest? This the problem many people have about this topic, we have the money but we dont know how to invest it. A video about that topic would be great! Keep it up
I think while investing is a good move, you should also have good enough savings in case you need money immediately. This way you don't have to be dealing with withdrawing from your investments
Absolutely
55k? Is that normal for an entry level job?
I've started a web development course this month
Great video but the point of making a start up is to be self employed. You are mostly talking about salary here, and although some jobs are remote. Having your own company is also a great way to go.
S&P 500 tanked in value nearly 20% this year, are you sure about that kind of investment ? Investing in S&P500 makes top 500 companies have more stability but since the economy is in a problem, it fails to compensate so it cascaded down anyway.
For the long run fam.
Perfect time to invest
love this video
4:15 in this scenario he's putting $3250 every month (not just his first paycheck), and also assuming a high return rate of 8% thoughout the period (some big funds in 2022 had -22% for example).
We're seeing those huge salary cuts. Gone are the days of high TC with things like chat gpt.
Stocks are by far the slowest investing tool with the smallest risk reward ratio.
Very good
Hello,
Thanks for your video, it's helped me a lot.
In April, I will be 30 years old. Is it too late for me to study and start a career in web development?
Never too late.
Thanks for saving me brother
Bro big tech companies are firing people, have you had in consideration that there are some countries creating their own currency to go away from dollar?
If y’all are intimidated by AGI and AI taking your jobs; then do what all these devs are doing - create a CZcams channel with ad revenue, create a course; and open a patreon. You’ll be set 😉
True, I just need a course and a patreon now then I’ll be all set
@@kennygunderman that’s what I’m talking about dude 😎 passive income is a beautiful thang 🙂
Lets go
W josh appearance
@@KILLCHRISU Sh it's not about me, it's about kenny. He still codes. I just rant in my room ok.
Where we goin?
Investing 3250 USD per month as a developer. Man, in Europe, that's your whole net salary, 3250 EUR
its around 700 dollars in turkey for a senior dev after taxes
What most people don't mention in social media is that in the big (tech) cities in USA, a 100k salary, those over- and over- exhaustively mentioned "six figures" is literally nothing..
While yes, tech jobs in the US are not limited to NYC and California.. most Bigger cities where you get the higher paying jobs have disproportionately higher life costs than "the rest"
And.. god beware you get sick and have to pay medical bills in the US... Suddenly the 60k-70k eur p.a. are way more than you thought
only in america and canada
The chances of getting rich aren't slim with coders. Simply create something that's autonomous while not working under a company. If you're going the employment/career direction then consider yourself an employee and not be considered "rich" as your income depends on employment; rather living comfortably under stress. [To me, that's not rich]. Investing into stocks, and waiting 10yrs for $1mill isn't "rich" either as a million dollars doesn't mean you're rich while if you have no assets/passive income freeing you from the employment need. Rich is generating high monthly passive income without you doing any work. Meaning, you create something (An AI Trading Algo)(Cough), and own liquid assets (land plots) (cough) (Obtain Real Estate License) and have it generate you around $30k - $90k per month, hence you're not working for anyone, nor have a need to depend on any employer/company for income.
Heyy we use the same investment calculator lol. Anyway you could also invest in Bitcoin which is riskier but it all comes down to your ideology. If you're for decentralized financed then invest in crypto. If you want to escape inflation then invest in crypto.
and your expenses?
With $1M in stocks you'll be making $50k in dividends. You can diversify and invest in some rental properties.
I’ll probably never get rich from it but i would like to have a decent savings account some day.
Hello, my friend, I am from Iraq, and I need to work remotely in any country, because we do not have companies in Iraq specialized in programming. I hold an international certificate documented by a famous company, and I learned a lot in the Python language, and I need a job. I hope you can help me, my friend.
"How to get rich from Coding" - Get employed to do coding and be financially prudent.
I expected this to be a topic of a CoffeeZilla video, but the advice is really sound and I learned kinda nothing as in I already know all this and try to implement it. Not super successful at keeping my expenses low, but I think it's ok.
I'm poor and learning coding to change that.
Invest in what though? isnt the stock market cooked
some points of the video:
1. invest your rest money, you can easily get an average return from the stock market(if you don't believe it, you can read the book named "The intelligent investor")
2. Don't raise your consumption level when your income increases, then you can invest more money,
3. Poor people buy debt, rich people buy assets. Your rest money should be invested assets instead of spending it on the enjoyable consumption such as buy a car, living in a 5 star hotel to have a holiday (you can read these simple principles in the book "Rich dad, poor dad: what the rich teach their kids about money-that the poor and middle class do not!")
4. improve your coding levels
If you want to invest in stocks to obtain average returns, just invest in index funds such as the Standard&Poor's 500, as CZcams says
I’m 25 years old is it too late to learn how to code from scratch????
Yeah, just give up bro. There's no point in pursuing your dreams and goals!
I am just thinking to quit programming after watching videos that AI will replace us completely.
What would you do if you quit programming?
@@kennygunderman watching programming videos for years 🤣
@@kennygunderman Onlyfans
An 8% return over 10 years seems pretty unlikely
so i have to ask. I assume everyone felt lost at the start of the coding journey eh? School is destroying my ass (Java class is making my brain hurt :( )
That thumbnail… people still use Class components? I mean, I do, because my work’s code base is old af, but normal people using class components?
Only use class components for CZcams thumbnails
just be overemployed working for 2 international companies living in a 3rd world country like brazil. done.
Sounds like a summary of how to get rich book from the 90ies. Not applicable nowadays.
i have a question : if a bus hit you tomorrow ? what will happen ? where will you go ? all that life gonna end like it wasn't ? I REALLY don't belive that ? may GOD guide us all to his path .
As a developer, you can't be rich as we know it.
awesome
YOU shouldn't invest in stocks, crypto, index funds, etc unless you can drop in a few million dollars at once. This is because you are putting money into a market that you have no control over which is DEATH by a thousand cuts. Instead, go invest in things that give an instant ROI (Return On Investment), such as books, courses, mentors, coaches, etc etc etc. Besides that, the average return from an index fund is around 7% (Doesn't include inflation) which means that you have to wait 40-50 years to get some profit (Talking about wasting time).
PS - I learned this from millionaire entrepreneurs themselves.
get a remote job and move to a country with much lower cost of living. instantly rich
'living a comfortable life"
... proceed to show a random girl's cheeks
I know a guy that landed 100k+ QA position after 6 months of BootCamp. You talking about after 3 years? You kidding right?
@@zaandam0172 It tells me personally that it depends on how you can "sell yourself"
@@Hamcap57 Exactly lol. 99% of people suck at selling themselves and are the ones being 'interviewed'. Instead, you need to become the interviewer
@@Hamcap57 Or cap. Unless he's had some prior knowledge in programming before boot camp
What bootcamp was that please
An 8% yield in a portfolio won't even keep up with inflation.
GPT 6-8 when they come out will take over entry coding developer jobs maybe even mid level jobs. You guys are all going to be out of work.
He who speaks, does not know
Lao Tzu
Dam my mortgage is 3k 😐
5. Making motivating videos how to become rich for some loosers who wanna be rich. People don't realize yet that AI will replace most workers :/
if you are an average programmer become an excellent marketer... lol it's way easier.
Real Estate will always be king.
Getting rich from coding is boring. It's like eating your vegetables and keeping your diet clean.
A great video. Im also investing a portion of my income into S&P500. But considering the inflation I don't think it makes you richer, it just allows you not to loose your money.
advice no, 5: overemployed
1st ❤
when you see titles like this you know people are getting desperate 🤣