Stanford CS007: Personal Finance For Engineers
So you've completed CS007. And graduated Stanford. You've even managed to save around $10K in cash from various summer jobs and gifts from relatives. The consensus advice investment management professionals would offer is to sock it away in a well-diversified set of Vanguard Funds. Which you keep adding to on a monthly basis allocated from your paycheck. As well as re-investing any dividends generated. Which will compound nicely over the next thirty years. Leaving you with a $1M nest egg that will provide stable yearly income during your golden years. As well as a decent inheritance left over for the next generation.But I have a really hard time giving this advice to a 22 year old. I certainly didn't heed it myself. Instead I used the cash and spent 100% of it on my own professional and personal development. So, naturally, since this is Stanford and Silicon Valley. I'd include a section on Risk. Taking it. Managing it. What are the rewards. As well as the costs. But with the emphasis the post-graduation 5-10 year window may represent a unique opportunity in your life to take it. And that there are programs such as StartX and YC available to assist should you decide to go all in.