I'm a fan of your channel because your content always brings that perspective of what to do next in our career based on your experience. Your channel might not have as many subscribers as it could but I believe it's just a matter of time to get there. Thanks for the great content you've been providing and for a great year in 2024.
Thanks for sharing, seems like getting comfortable with the backend is a necessity, I was a little surprised to see you working on so many projects running Ruby on Rails, but I guess I need to remember production code is always a bit behind the "hot" trends lol
Haha. Listen, it’s what I have a lot of experience with and there are a lot of existing systems still using it. Trends are stupid unless there’s a paying job behind them. There are still Java jobs, Rails jobs, and there will be plenty of Node jobs. I think you can’t stake your whole career on the front end, and some knowledge of the backend is absolutely necessary. I don’t believe the front end will continue to get more complicated and there will be a trend to simplify our front end systems. Either way, I just go to where the value is for the company and do that work!
Almost all of it was networking and looking for the right work. I personally think for the freelancing side, I’m not looking to increase the number but more balance out the life in 2024. If I gain more skills and still support my family, but make less than this next year, that’s completely fine.
I don't know if these numbers are exactly accurate, but, from what I've read, "normal" jobs send about 30% to taxes, while freelancers send about 40%. Health insurance is another big expense that employers subsidize. What other expenses have to come out of that $300k that might've normally been covered by an employer? To put that another way, if I were to jump into freelancing today (I'm not going to, don't worry!), what bills would I be like, "oh crap I forgot about that..."
I’m going to respond to what it’s like in America, because that’s where I’m from. There’s something called self employment tax, that is an extra 6.2% for social security and Medicare. That’s normally footed by your employer if you’re in a normal w2 job. That also caps out at 168k/year. So there is the extra tax you have to handle since you play the role as employee and employer. Benefits are discounted by the employer typically, yes, so that has to be a consideration. My wife works, so that’s covered for me. 401k matches, time off, holidays, etc are other compensation package deals. YMMV, but I always take out 35% and that’s been super close. I think this year it won’t be enough, but I can handle it. The biggest thing is to make sure you talk to an accountant, of course, since everyone has different situations!
This channel will make a huge one.
Goodluck ❤️💯
Thanks dude! Keep me honest and let me know what you want to hear!
I'm a fan of your channel because your content always brings that perspective of what to do next in our career based on your experience. Your channel might not have as many subscribers as it could but I believe it's just a matter of time to get there.
Thanks for the great content you've been providing and for a great year in 2024.
Thank you so much. That means a lot. I just want to bring out valuable content, and hopefully the channel growth with find its way.
Happy new year Mr Codes, I've enjoyed the content for this year and looking forward to your content in 2024. I'll hit you up in June.
You better! This’ll be a good year! Thanks for hanging man, and let’s catch up soon
Thanks for sharing, seems like getting comfortable with the backend is a necessity, I was a little surprised to see you working on so many projects running Ruby on Rails, but I guess I need to remember production code is always a bit behind the "hot" trends lol
Haha. Listen, it’s what I have a lot of experience with and there are a lot of existing systems still using it. Trends are stupid unless there’s a paying job behind them. There are still Java jobs, Rails jobs, and there will be plenty of Node jobs.
I think you can’t stake your whole career on the front end, and some knowledge of the backend is absolutely necessary. I don’t believe the front end will continue to get more complicated and there will be a trend to simplify our front end systems. Either way, I just go to where the value is for the company and do that work!
Congrats on closing the year in the green and on the income growth! What were the key drivers behind the increase?
Almost all of it was networking and looking for the right work. I personally think for the freelancing side, I’m not looking to increase the number but more balance out the life in 2024. If I gain more skills and still support my family, but make less than this next year, that’s completely fine.
Happy New Year 🎉
Happy new years! 2024 is going to be a good year dude!
Happy New Year! 🎉
Happy new year my dude! Let’s grow in 2024!
Hello cody i was wondering how did your audience retention go after that intro hook :)
Oh I’m super curious too!! Haha. It’s usually a day or two delayed. So comment again in a few days and I’ll let you know!
I don't know if these numbers are exactly accurate, but, from what I've read, "normal" jobs send about 30% to taxes, while freelancers send about 40%. Health insurance is another big expense that employers subsidize. What other expenses have to come out of that $300k that might've normally been covered by an employer? To put that another way, if I were to jump into freelancing today (I'm not going to, don't worry!), what bills would I be like, "oh crap I forgot about that..."
I’m going to respond to what it’s like in America, because that’s where I’m from.
There’s something called self employment tax, that is an extra 6.2% for social security and Medicare. That’s normally footed by your employer if you’re in a normal w2 job. That also caps out at 168k/year. So there is the extra tax you have to handle since you play the role as employee and employer.
Benefits are discounted by the employer typically, yes, so that has to be a consideration. My wife works, so that’s covered for me.
401k matches, time off, holidays, etc are other compensation package deals.
YMMV, but I always take out 35% and that’s been super close. I think this year it won’t be enough, but I can handle it. The biggest thing is to make sure you talk to an accountant, of course, since everyone has different situations!
292K just freelancing DANG bro! savin that dough!
Gotta keep saving!
Good job!
Thank you!
@@cody_codes_youtube Randomly bumped into your channel recently, your content inspired me a lot as a fellow software engineer. Thank you!
@@DonJon200 that makes me so happy!
Do you need lawsuit insurance? What if a client sues you?
Some jobs require it, and that’s okay. But more often than not, it’s not necessary as long as you’re working above board and honest on your projects.
I’m from the United States lol how do freelance contacts work with our terrible healthcare system and taxes ??? lol
It’s not great. For sure. It just requires more planning and saving
Coders code, Builders Build, Politicians Lie !
Ha! I like it
Happy New Year 🎊 ! You should drop the other 2 channels so we can show some support!
Haha, they are mostly dead. But I keep an eye on them for when I get burned out talking about software day and night! Haha