Remote Software Developer Makes 4 Crores/Yr 🔥 ft. @harkirat1

TL;DR

A freelance developer discusses the advantages and disadvantages of an IIT degree and shares insights on remote freelance work and career paths.

Transcript

for me I saw piplines were paying me 20K 30k dollars to build a website so I think there are more downsides than upsides too an IIT degree 100 C plus plus tvf [Laughter] thank you for coming all the way to umbrella to shoot this podcast thank you for coming all the way from here first class after 2020 we saw you talking about your health problems y... Read More

Key Insights

• 🛟 Moving back to Mohali and taking a pause in life led the speaker to learn new skills and pursue freelance work, which ultimately served them well.
• 🙃 While an IIT degree can open doors, there are both upsides and downsides to pursuing a traditional career path.
• 🖤 Remote freelance work provides more monetary value and flexibility, but may lack certain benefits and require self-discipline.
• 👮 Freelancers can take advantage of tax laws to minimize taxes and expenses, increasing their profitability.
• 👨‍💻 Competitive coding skills can be important for securing jobs in big tech companies or startups, but it may not be essential for other career paths.
• 👋 Writing clean code and being a good reviewer are crucial for individual contributors in their growth as developers.
• 🥺 Taking a leap of faith and venturing into new career paths can lead to personal and professional growth beyond traditional job roles.

Questions & Answers

Q: What were the major life changes and challenges the speaker faced in 2020?

The speaker experienced health issues, moved back home, and resigned from their job at Goldman Sachs. These changes prompted them to take a pause, learn new skills, and explore freelance opportunities.

Q: What are the upsides and downsides of pursuing a career as a freelance developer versus working in a big tech company?

Freelance work offers more monetary value and the flexibility to work remotely. However, it requires self-motivation and may lack certain benefits like free meals and office perks. Big tech companies provide a more defined career path, better work-life balance, and potential opportunities to work in the US.

Q: How does the speaker compare the advantages of freelancing in terms of taxes and expenses?

The speaker highlights the benefits of freelancing, such as opening a company in India and taking advantage of tax laws. By legally minimizing tax payments and managing expenses, freelancers can increase their earnings.

Q: What steps can someone take to become a highly paid remote freelance developer?

The speaker suggests three steps. Firstly, starting on platforms like Upwork or Fiverr, although competition may be intense. Secondly, seeking remote job opportunities in Indian companies that offer competitive salaries due to purchasing power parity. Finally, transitioning to full-time roles in remote companies, which often provide a more stable income.

Summary & Key Takeaways

• The speaker experienced health issues and a major life change after resigning from Goldman Sachs and moving back home to Mohali.

• During 2020, the speaker learned new skills, took up freelance work, and eventually restarted their YouTube channel.

• The speaker believes that while working in big tech companies like Fang offers a clear path and better work-life balance, remote freelance work provides more monetary value.