One Income Isn't Enough Anymore (+ side hustle) | Day in the Life of a Software Engineer
By dlo
Summary
## Key takeaways - **One income is insufficient for most**: For the majority of people, relying on a single income is no longer sufficient to live comfortably, unless one earns upwards of $250,000 annually. [00:17] - **Tech industry instability and layoffs**: The tech industry is highly volatile, with a software engineer having experienced multiple layoffs and witnessing job insecurity firsthand, leading to financial instability. [01:30] - **AI's impact on job market**: The increasing push for AI and the current state of the job market make it challenging to secure a new software engineering position if laid off. [02:13] - **App development for supplemental income**: Inspired by other creators earning significant income from simple apps, the speaker is pursuing app development as a side hustle to create a second income stream. [02:45] - **Remote work enables lifestyle flexibility**: The flexibility afforded by remote work allows for spontaneous travel and living in different locations, a lifestyle change the speaker has always desired. [04:56]
Topics Covered
- Why a single income source is no longer enough.
- Tech layoffs and AI's impact on job security.
- App development: A viable side hustle?
- Remote work enables life experiments.
- Don't let passion projects become 'graveyard' projects.
Full Transcript
Hey guys. So, I've been thinking about
something a lot and I feel like it's
finally time for me to do something
about it. So, I feel like relying on one
income doesn't feel like it's enough
these days. Unless you happen to make
like upwards of $250,000,
I think you should be fine. But for the
majority of us, I feel like one income
isn't enough anymore. As someone who
works a standard 9 toive job as my main
source of income, I want to talk about
why I feel financially unstable right
now, just having a single source of
income and what I'm doing about it. But
first, I'm going to make some coffee to
get the day started.
I've been recently having this Thailand
coffee from Trader Joe's. It's a medium
roast and it has notes of cherry and
dark chocolate. It's actually not too
bad. I would probably get it again.
[Music]
For those who are new here, hi, I'm
Andrew. I'm a remote software engineer
and I've been working for almost 4 years
now. And over the course of my career,
I've survived I think almost four
layoffs. It is kind of scary just seeing
how volatile the tech industry is. So
because of this and the growing concerns
of the economic state, it made me more
aware of how unstable my financial
situation is. When I was working on
Amazon, I remember some of my co-workers
were joking about how they would get
laid off if someone couldn't get access
to an account or something. they would
joke and be like, "Oh, I guess this is
how I found out I was laid off." In
reality, it was just an authentication
issue. And to be honest, I think about
that a lot nowadays, uh, if I'm having
login issues as well. But in reality, I
think this joke is like a coping
mechanism to when it actually happens. I
used to think that, oh, if I do get laid
off, I can just get another software
engineering job. But in reality, with AI
being pushed and the current state of
the job market, I feel like it's pretty
tough to get a job in this market right
now.
And so all this fear led me down a path
to figure out ways that I can make money
on the side outside of my 9 toive job
and maybe it could even replace my 9
toive job um if it goes well. But with
the skills I have now that led me to the
path of app development. So I still
think being able to code and solve
problems are still valuable skills to
have now and vibe coding can only get
you so far. My YouTube algorithm has
been showing me recently other creators
who have been making apps and been
making, you know, several hundreds to
thousands of dollars each month. And so,
being the curious person I am, I looked
into those apps and I found that they're
pretty simple. There's nothing much to
it, but it does solve a specific
problem. So, for example, I saw a guy
create like an organizer to organize the
chat conversations, and it's basically
just like a UI thing on top of the chat
website. But yeah, shout out to the
YouTube algorithm for coming into
Clutch. Again, this has been something
that I've been wanting to do for a while
and I feel like I wasn't qualified
enough or I didn't have the credentials
to even do something like that. But with
the help of Cloud Code and just seeing
how other creators are creating apps for
themselves, it's been pretty inspiring
and I'm more motivated than I ever was
to create something of my own. But yeah,
stay tuned for more progress on the app.
I'll keep you guys updated. But now it's
time to do some actual work. So, got to
get started.
[Music]
I remember the days early in my career
where I was afraid of code reviewing
because of the responsibility because
what if their code breaks and you're the
one responsible to overlook that code.
But yeah, over time after tons of code
reviews I've gone through, I've got used
to the process and it does help to see
how other people code review as well. So
I kind of model my code review with
theirs and now I'm not too concerned
about code reviewing. I think it's still
a critical process in shipping code.
Good thing we have like AI tools now
that can overlook our code and our
changes. But yeah, over the course of my
career, I had to pick up a lot of things
and I'm lucky to have some other
engineers to help me guide through the
process of software development. It's
always a consistent journey of learning
and figuring things out. But right now,
I got to pack up because I'm doing
something pretty exciting. And I'll
share more about it in a little bit
here.
So, right now, I'm going to be packing
up um because I'm going to a spot that
I've been always wanting to go to,
but as a trial run, I'm just going to go
there and see how it's like to live
there. And I feel like I wouldn't be
able to do this if I weren't working
remotely. And having that flexibility
working remotely and working from home
is really coming in clutch here. Lately,
I've been realizing that I've been
having life happen to me rather than
letting life happen. And I feel like
this trip is a pivotal moment because
this is what I've been wanting to do for
a while. In the same way, I've been
wanting to create apps to hopefully
generate some income. And lately, all of
this has been just on my mind of
actually doing the things I want to do.
So, I'm going to pack up here because
I've been slacking and it's actually
coming up pretty soon. So, I got to make
sure that I have everything that I need.
[Music]
[Music]
So, I just finished up work. Now, I need
to continue packing because I'm going to
bring a lot of stuff. I'm actually
taking my car and driving it all the way
down to that location. And so there are
just a few more things I want to bring
um and make sure that I pack because
I'll be staying there for a while.
[Music]
So I just finished packing up a bit. Uh
there's still a lot more packing I need
to do, but but stay tuned for the next
video because I'll be at a different
location and I'll share more of that in
that video. So, I'll also be working on
my app pretty aggressively. I don't want
the app to become something that I just
hold off on and put it on the back
burner because that eventually, you
know, leads to the graveyard of projects
that I have. So, I want to try to stay
as focused as I can on that. So, stay
tuned for more and uh thanks for
watching. I'll see you in the next
video.
[Music]
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