You got that nice tech salary, now what?

Tech is attractive to folks because of the pay and the standard of living it provides. However, if you come from a background where you have no financial education beyond, you may accumulate less wealth than you could. I will share my story, background, the mistakes I've made and how I operate now in the hopes of making it a little easier to discuss in the future.


Talking about finances is awful.

There are several things I'd rather talk about with a group of strangers before finances. However, I believe that as a part of the tech community, there's a moral responsibility to make sound personal financial decisions because you earn a comfortable salary. I have made several mistakes along my career, and I'm probably still making some. The goal here is to make it a bit easier for us to have these conversations.

I was the first in my family to graduate from college. One of my parents attended some college. They knew how to balance a budget, and they knew to max your employer's 401k matching program. Beyond that, there wasn't much of a plan.

I didn't have any financial literacy when I entered the tech industry. In fact, I fell prey to a corporate insurance provider, bought an insurance-investment type product and contributed to it for years! I've left money in my savings account because I was scared of the market.

At the end of this talk you will have a basic understanding of:

  • The importance of planning, budgeting and saving
  • Maximizing employer contributions
  • What to look for in life insurance
  • How to evaluate health insurance plans
  • How to evaluate an index fund
Tim Schilling

Tim Schilling is the lead developer at AspirEDU, an education analytics company. For most of the 2010’s he spent his time working as a remote freelance contractor working with small businesses and individuals. He currently assists with the Django Debug Toolbar, has a handful of Django commits, is a part of the DEFNA board, helps organizer DjangoCon US and is an organizer for Djangonaut Space. Outside of software, he enjoys learning, reading fantasy/sci-fi and attempts gardening, making hot sauce and bread baking.