Aviation tycoon gives advice to Generation Z: Don’t just ask for a salary increase, fighting for “equity” is the key to wealth
Dylan Taylor, founder of Voyager Technologies, a listed US aerospace company, shared his philosophy on getting rich and believed that seeking equity and barbell investment strategies are the keys to accumulating wealth.
Quick Look
- Dylan Taylor, founder of Voyager Technologies, suggests that instead of simply asking their bosses for a salary increase, young people from Generation Z should strive for equity in the company and let their wealth expand as the company grows.
- He also shared a barbell investment strategy that balances safe and high-risk assets.
AI-generated summary
Why It Matters
Dylan Taylor, founder of Voyager Technologies, shares his personal wealth-making experience and investment advice for Generation Z.
Dylan Taylor, founder of Voyager Technologies. (File photo, Bloomberg)
He earned his first million dollars (approximately NT$31.44 million) at the age of 27, even 5 years earlier than "Stock God" Buffett! Dylan Taylor, the founder of Voyager Technologies, a listed US aerospace company, has now become a billionaire. His advice to Generation Z is that instead of just asking the boss for a salary increase, they should think about how to obtain "equity" so that their wealth can expand as the company grows.
In an interview, Taylor said that it is difficult to accumulate huge wealth by working for others, and there are two main ways to make money, namely "income" and "equity". He believes that both employees and founders should strive for equity as much as possible instead of just pursuing higher salary, because the value of equity may compound interest over time and the growth of the company.
Looking back on his career, Taylor also pointed out that when he negotiated working conditions in the early days, he preferred equity rather than simply increasing his basic salary. He believes that even a 24-year-old who is only a few years into the workforce can ask when the company will be eligible for equity or stock options. In particular, technology and start-up companies often provide this type of system, which deserves the attention of young employees.
Taylor's wealth is not solely based on entrepreneurship. He has also invested in real estate in the past. His net worth increased further as early investments paid off and Voyager Technologies went public.
In addition to equity, he also shared the "barbell investment strategy", which means allocating most of the assets in relatively safe investments and investing a small portion in high-risk, high-return assets. Taking his personal example, he once invested 70% in the FTSE 100 Index and 30% in Bitcoin to control risks while retaining the opportunity to obtain high returns.
Open Questions
- Which specific startups are more likely to offer equity?
