I've been writing for fun a few years ago, then one of my articles got really popular because it ranked high on search engines and it still receives a fair amount of traffic.
Since then, even though I wrote more articles, I discarded them because of this new "pressure": nothing really feels as good as the articles that I already published. I have not published anything in 4.5 years, but I keep promising myself that I'd start again some day.
Any feedback or criticism on the current articles is welcome.
1. The economy will continue to stay somewhat flat. There will not be any major recession, but also no miraculous overnight recovery. Inflation will drop slightly, but it will remain higher than targets. Interest rates will hover around the current values. Home prices will continue to drop, but folks waiting for a "market correction" to get their first property will still not buy.
2. Crypto market will continue to stay flat. Maybe some more exchanges go under, but even if they do, new exchanges will spawn replace them. There will be more "breaking news", but all of it is a re-make of a piece of news that already happened in a different form during 2010-2022.
3. Many startups will either close business or get acquired at bargain prices by competitors. Some will make sense ("can't believe anyone invested in that") while others will be complete surprises and somewhat disrupt the day-to-day life.
4. Most Bay Area companies and startups will focus their hiring to either some of the newer tech hubs across the US or abroad (particularly Europe) and completely halt hiring in the Bay Area. All of these companies will be fully-remote or somewhat-remote. Because the average tenure is 2-4 years, and because families take longer to uproot, it will take until 2025-2027 to actually see the Bay Area population start decreasing. Companies that will still hire in the Bay Area will be remote-unfriendly.
5. Machine Learning achievements will continue to show up at a similar pace as throughout 2022. More and more companies will pop up to repackage these technologies into well-marketed consumer-facing services - logo generators, fiverr replacements, blogspam filters, search engines, language translators, coding mentors, etc.
6. "Impersonal social media" - TikTok, YouTube, Twitter - where you do not personally know the content creator - will continue to grow in popularity, leaving behind an even bigger need of "personal social media" - where you keep in touch with people that you actually know. Maybe some company, either existing or new, will fill in that gap. Maybe not.
Assuming that financial growth is your main motivation, here are few more examples:
- Change industries - move into finance, look for small proprietary trading shops. Depending on your skill level, this may (or may not) yield better total compensation levels
- Lower your taxes (may not be possible if you are from the US, but I did not make any assumptions). You can do so by changing countries, changing legal entities
- Lower your cost of living through remote work and geoarbitrage. 350k in NYC may buy you the same life as 200k in West Chicago. Bonus points if you can remote from Asia or South America. Morphing into this arrangement from an on-premises job is easier than looking for remote work right away
- Diversify active income streams - 2 part time jobs might give a better yield than 1 full time. Make sure there is no conflict of interests
All of these will eventually plateau, together with your development skills. At that point, the only way to grow is to diversify into skills that scale better (go into management, go into consulting, start companies, teach courses).
I've been writing for fun a few years ago, then one of my articles got really popular because it ranked high on search engines and it still receives a fair amount of traffic.
Since then, even though I wrote more articles, I discarded them because of this new "pressure": nothing really feels as good as the articles that I already published. I have not published anything in 4.5 years, but I keep promising myself that I'd start again some day.
Any feedback or criticism on the current articles is welcome.