How to Get RICH from Coding

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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)

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Опубликовано:

5 июл 2024

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Комментарии : 182

@addd21323 Год назад

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!

@safashaikh2894 Год назад

How did you learn coding and what was your 10 year path

@Techbro001 Год назад

Nice write up my bro✅

@iscriptonleague Год назад

Ty for motivation! What language do you code in ?

@franciscosalcido8951 Год назад

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!

@panoskent6682 Год назад

Do you also own company stocks? What exactly do you mean by IT job? Web designer, AI etc?

@lawrencefitzgerald4744 Год назад

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.

@TiffInTech Год назад

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

@nlulz6267 Год назад

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

@BrianTaylor541 Год назад

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.

@BrianTaylor541 Год назад

@@earthtomemphis ?

@Gorillazz-hd8hr Год назад

AI will replace 90% of developers so think twice is it worth of loosing time for it?

@wannabedev6871 Год назад

@@Gorillazz-hd8hr Yeah, you should run and hide form AI. More space for us 😘

@adamspice9076 Год назад

@@Gorillazz-hd8hr not really bro

@codeallnight56514 Год назад

@@Gorillazz-hd8hrwhatever excuse you need to tell yourself for quitting bro

@jesseburstrom5920 Год назад

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!

@mitsk2002 10 месяцев назад

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

@creaky2436 Год назад

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

@ColeHastings Год назад

That opening shot is a masterclass in cinematography. Absolutely beautiful

@kennygunderman Год назад

I literally told Allison “Yo film this road” while I was driving lmao

@ColeHastings Год назад

@@kennygunderman Allison? You mean Christopher Nolan?

@anikevin Год назад

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.

@tabathia7633 Год назад

Kevin: Isn't that the best news. It is good to encourage each other during these difficult times.

@crystal14w Год назад

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 💰

@ericrichard4940 Год назад

The kind of advice I was looking for. This was truthful and useful. Im subscribing.

@jmp0207 Год назад

Love your videos Kenny! Keep up the great work!!

@PaulSebastianM Год назад

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

@gabrielfono844 Год назад

thanks so much I am still new in my career and it isi my first year. thanks for sharing your advice

@whiskey4609 7 месяцев назад

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.

@hafisharis1615 Год назад

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

@BazieleSaah Год назад

THanks alot mate, this video really opened my eyes. God bless :)

@tomiinai Год назад

You're just too real man. Genuine and original points made. And BTW, new studio apartment or just a different camera angle?

@kennygunderman Год назад

Same apt, diff angle

@tumisanejoseph6883 Год назад

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.

@ChaoticAuthority Год назад

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.

@Khubaiblj 3 месяца назад

Is working as a remote software engineer from another country even possible?

@mohdjibly6184 Год назад

Great insights…thank you for sharing…newly subscribed 😊

@moessyd 7 месяцев назад

This is great video man, Thnx ❤

@mikerossvisuals Год назад

Thanks for making this!

@carsongutierrez7072 Год назад

Cheers Kenny! Thank you!

@Caroldissee Год назад

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

@gedeonchrist5645 Год назад

I Can relate bro. Great video!

@ilkrsrc081 Год назад

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.

@Adam-nw1vy Год назад

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.

@ilkrsrc081 Год назад

@@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.

@Ivcota Год назад

@@Adam-nw1vy he already made a video

@jorge.minakata Год назад

If your not good coding you are gonna be replace, if you good you are gonna use it as a tool, thats it

@Ivcota Год назад

@@jorge.minakata yep and then we have systems design -> lot of developers only spend like 30% of their time coding (70% solving novel problems)

@Vorenus875 Год назад

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.

@JordanRossClark Год назад

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.

@juandsoto1651 Год назад

Great video! Would you be interested in telling us how you work in a normal day.

@willsnowboard4life Год назад

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?

@cbbcbb6803 Год назад

I think more reasonable salary ranges to start with would be from $50 to $100. But this video is good. Very good!

@Capristar Год назад

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.

@cbbcbb6803 Год назад

Very useful. I'll pass it on.

@chucknorris6447 Год назад

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

@notryharder1521 Год назад

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?

@harisharris5902 Год назад

7:14 great point

@yolkyhorizon Год назад

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.

@arsnakehert Год назад

Based Keep working on yourself and you will reach places, my man

@yolkyhorizon Год назад

@@arsnakehert Thank you

@perrtburtop3146 Год назад

maybe do a vlog on your channel would love to see how well it goes

@yolkyhorizon Год назад

@@perrtburtop3146 i started a new channel, 「 ru-vid.com/show-UC7w3yB5c08NRrLBA9m38jyA 」maybe in the future ill post on it but i want to become better in my field

@markoskarabinakis1284 Год назад

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

@paologreco9412 Год назад

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?

@rogeliopalomo8253 Год назад

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.

@taimurahmad Год назад

i am opting forn 32 gb but 16 is good. I am into app development

@CamaguNcoso Год назад

I've started a web development course this month

@frank8278 Год назад

Stocks are by far the slowest investing tool with the smallest risk reward ratio.

@franmati9 Год назад

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.

@muhamedhashim6694 Год назад

Thank you man

@ScarletRender Год назад

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

@kennygunderman Год назад

Absolutely

@Luxury.Famous 9 месяцев назад

congrats man

@BigHeadAvenger Год назад

Sage advice.

@rabco-qd3lj Год назад

Great content

@greysonbennett6788 Год назад

We're seeing those huge salary cuts. Gone are the days of high TC with things like chat gpt.

@trailin_yt Год назад

Good video 👌

@tengamangapiu 9 месяцев назад

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).

@floramerano6293 Год назад

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.

@trynabejwee. Год назад

love this video

@hoochill Год назад

only in america and canada

@tuckertech Год назад

55k? Is that normal for an entry level job?

@callous21 Год назад

With $1M in stocks you'll be making $50k in dividends. You can diversify and invest in some rental properties.

@adinshhh4378 Год назад

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.

@kimdev11 Год назад

Thanks for saving me brother

@alexrowe9638 Год назад

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.

@korigocrazy2262 Год назад

For the long run fam.

@LuckyPkerz Месяц назад

Perfect time to invest

@Jadis-dt8fv Год назад

Very good

@bev8200 Год назад

I’ll probably never get rich from it but i would like to have a decent savings account some day.

@magic_fruit_bat5003 Год назад

If y’all are intimidated by AGI and AI taking your jobs; then do what all these devs are doing - create a RU-vid channel with ad revenue, create a course; and open a patreon. You’ll be set 😉

@kennygunderman Год назад

True, I just need a course and a patreon now then I’ll be all set

@magic_fruit_bat5003 Год назад

@@kennygunderman that’s what I’m talking about dude 😎 passive income is a beautiful thang 🙂

@syuhadaramadhan8246 Год назад

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?

@ledilemphasha9877 Год назад

Never too late.

@natgenesis5038 Год назад

I’m 25 years old is it too late to learn how to code from scratch????

@JoshuaFluke1 Год назад

Lets go

@KILLCHRISU Год назад

W josh appearance

@JoshuaFluke1 Год назад

@@KILLCHRISU Sh it's not about me, it's about kenny. He still codes. I just rant in my room ok.

@kennygunderman Год назад

Where we goin?

@zakaryamunel5577 4 месяца назад

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.

@adamspice9076 Год назад

and your expenses?

@mayank4156 Год назад

I'm poor and learning coding to change that.

@max_ishere Год назад

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.

@egm5081 Год назад

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?

@acompanytrading Год назад

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.

@FightClubYT Год назад

Invest in what though? isnt the stock market cooked

@_andry Год назад

Sounds like a summary of how to get rich book from the 90ies. Not applicable nowadays.

@crazywealth Год назад

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 :( )

@user-gg9wo6bn1v Год назад

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

@user-gg9wo6bn1v Год назад

If you want to invest in stocks to obtain average returns, just invest in index funds such as the Standard&Poor's 500, as RU-vid says

@lloydbrown9207 Год назад

An 8% return over 10 years seems pretty unlikely

@IsrarAhmed-bi6mg Год назад

I am just thinking to quit programming after watching videos that AI will replace us completely.

@kennygunderman Год назад

What would you do if you quit programming?

@shaikh.quadeer Год назад

@@kennygunderman watching programming videos for years 🤣

@omfgihopethisworks Год назад

@@kennygunderman Onlyfans

@glenmacdonald3477 9 месяцев назад

"How to get rich from Coding" - Get employed to do coding and be financially prudent.

@Pest87 5 месяцев назад

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.

@andreymihailow 10 месяцев назад

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

@emirturkoglu6752 10 месяцев назад

its around 700 dollars in turkey for a senior dev after taxes

@bo_0ss Год назад

awesome

@jvfr- Год назад

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

@hakimbk-fn5cd Год назад

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 .

@RA-xx4mz Год назад

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?

@kennygunderman Год назад

Only use class components for RU-vid thumbnails

@spleenware Год назад

An 8% yield in a portfolio won't even keep up with inflation.

@thirsty3333 Год назад

Dam my mortgage is 3k 😐

@yunus5949 Год назад

As a developer, you can't be rich as we know it.

@francisco1495 Год назад

get a remote job and move to a country with much lower cost of living. instantly rich

@SuperEH2393 Год назад

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.

@Hamcap57 Год назад

I know a guy that landed 100k+ QA position after 6 months of BootCamp. You talking about after 3 years? You kidding right?

@Hamcap57 Год назад

@@zaandam0172 It tells me personally that it depends on how you can "sell yourself"

@michielarkema Год назад

@@Hamcap57 Exactly lol. 99% of people suck at selling themselves and are the ones being 'interviewed'. Instead, you need to become the interviewer

@ode234 Год назад

@@Hamcap57 Or cap. Unless he's had some prior knowledge in programming before boot camp

@kaycampbell364 Год назад

What bootcamp was that please

@TheBlackManMythLegend Год назад

if you are an average programmer become an excellent marketer... lol it's way easier.

@michielarkema Год назад

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.