How to Get RICH from Coding

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)

[addd]

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!

[lawrencefitzgerald]

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.

[BrianTaylor]

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.

[anikevin]

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.

[ColeHastings]

That opening shot is a masterclass in cinematography. Absolutely beautiful

[jesseburstrom]

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!

[TiffInTech]

Loved this video! Especially "lifestyle creep" such a good point.

[ChaoticAuthority]

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.

[ilkrsrc]

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.

[PaulSebastianM]

Release early. Iterate. Be agile. Don't scale up unless you have to. Be a Company of One, like Paul Jarvis says.

[yolkyhorizon]

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.

[nlulz]

Thank you Kenny! Huge thank you for keeping all of us hopeful for the better future and motivating us to get better! Viele Danke!

[mitsk]

Incredibly helpful and inspiring. Thank you for those two book resources, and the encouragement to invest, and the warning about lifestyle creep.

[Caroldissee]

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

[tumisanejoseph]

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.

[jvfr-]

just be overemployed working for 2 international companies living in a 3rd world country like brazil. done.

[hafisharis]

could you do a video about investing alone? like the startups and stuff?
❤

[andreymihailow]

Investing 3250 USD per month as a developer. Man, in Europe, that's your whole net salary, 3250 EUR

[tengamangapiu]

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).

[Capristar]

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.