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Message
re: Break it down - your finances
Posted on 4/29/15 at 6:05 pm to lynxcat
Posted on 4/29/15 at 6:05 pm to lynxcat
quote:
So 0.4% of the population fits using back of the envelope math.
Shows how much the MTB skews relative to gen pop
and this is why i am dubious, although I am not sure i agree with your math.
0
Posted on 4/29/15 at 6:42 pm to Teddy Ruxpin
quote:
6% of the population is in higher education RIGHT now.
That doesn't mean that 6% of the population has a higher education degree. That number is in the 30%s probably pushing 40 now.
From his link..
quote:
In 2009, 21.3 percent of the adult population above 18 years had attended college, but had no degree, 7.5 percent held an associate's degree, 17.6 percent held a bachelor's degree, and 10.3 percent held a graduate or professional degree. The historical gender gap had practically vanished.[5] New England and Colorado had the highest proportion of college graduates, and the South Central states the lowest.[5]
Posted on 4/29/15 at 7:01 pm to Dr. Shultz
Updating numbers looks like...
1) Went to 4 year college. Only ~28% of the population [17.6% + 10.3%]
2) Majored in Business (Finance/Accounting), Computer Science, Engineering, or Other (go off to grad school in medical field or law or start own business) - Maybe 30% of all college graduates?
That's 8.4% of total population.
3) And the people that get the jobs we are talking about are typically top ~20% of their major....
So 1.7% of the population fits using back of the envelope math.
Better?
1) Went to 4 year college. Only ~28% of the population [17.6% + 10.3%]
2) Majored in Business (Finance/Accounting), Computer Science, Engineering, or Other (go off to grad school in medical field or law or start own business) - Maybe 30% of all college graduates?
That's 8.4% of total population.
3) And the people that get the jobs we are talking about are typically top ~20% of their major....
So 1.7% of the population fits using back of the envelope math.
Better?
This post was edited on 4/29/15 at 7:02 pm
Posted on 4/29/15 at 7:56 pm to Hawkeye95
Hawkeye, regarding your "system". When you say buffer in place I assume you net 8k per month, but only spend 6k. Is that something you were just comfortable with, or is it based off of a percentage of some kind?
Posted on 4/29/15 at 9:57 pm to blades8088
To provide additional context to the thread, I'll also chime in and say 6 figures in the mid 20s is not impossible. I posted my financial breakdown earlier, but I fit in this category at 26.
For those asking, I work in Supply Chain at one of the most recognized brands in the world (NOT oil and gas). This is my second job out of college and I've essentially doubled my entry level salary in a little less than 4 years.
I would say I'm doing well in comparison to my peers, but Supply Chain is a fantastic field to be in and offers tons of opportunities in many different industries.
For those asking, I work in Supply Chain at one of the most recognized brands in the world (NOT oil and gas). This is my second job out of college and I've essentially doubled my entry level salary in a little less than 4 years.
I would say I'm doing well in comparison to my peers, but Supply Chain is a fantastic field to be in and offers tons of opportunities in many different industries.
Posted on 4/30/15 at 12:27 am to blades8088
quote:I believe he means he has a checking account where he leaves 2k, but deposits 6k in every month. If at the end of the month, he's down to 1500, then he limits his spending to 5500 the next month to bring the balance back to 2k. Alternatively, if he has a balance of 2500 at the end of the month, he' can now spend 6500 the next month.
Hawkeye, regarding your "system". When you say buffer in place I assume you net 8k per month, but only spend 6k.
Posted on 4/30/15 at 5:15 am to JonaYolles
Rent = ($61)/month
Utilities = ($43)/month
Cable/Internet/Iphone = ($370)/month
Car note/Insurance = ($630)/month
Food = ($120)/month
Xbox Live = ($15)/month
Jordan's = (~$70)/month avg
Pay day loan note = ($240)/month
Payment to my cuzen for 3 of her kids for taxes = ($1800)/year
Welfare = $500/month
Disability = $812/month
EBT = $340/month ---> $120 on food
Ira = $110 ---> Ira be giving me $0.50 on the dollar for sum ebt
Income Tax Refund = $7200/year
Income for 2 months work @ Subway = $1800/year
Roth = Roth be buying 60 of my grandpa's Vicodin from da VA = $300/month
Reggie = about $400/month on dis hustle if it be fiyar
Utilities = ($43)/month
Cable/Internet/Iphone = ($370)/month
Car note/Insurance = ($630)/month
Food = ($120)/month
Xbox Live = ($15)/month
Jordan's = (~$70)/month avg
Pay day loan note = ($240)/month
Payment to my cuzen for 3 of her kids for taxes = ($1800)/year
Welfare = $500/month
Disability = $812/month
EBT = $340/month ---> $120 on food
Ira = $110 ---> Ira be giving me $0.50 on the dollar for sum ebt
Income Tax Refund = $7200/year
Income for 2 months work @ Subway = $1800/year
Roth = Roth be buying 60 of my grandpa's Vicodin from da VA = $300/month
Reggie = about $400/month on dis hustle if it be fiyar
This post was edited on 4/30/15 at 6:17 am
Posted on 4/30/15 at 5:46 am to TSLG
quote:
Rent = ($61)/month
Utilities = ($43)/month
Cable/Internet/Iphone = ($370)/month
Car note/Insurance = ($630)/month
Food = ($120)/month
Xbox Live = ($15)/month
Jordan's = (~$70)/month avg
Pay day loan note = ($240)/month
Payment to my cuzen for 3 of her kid's for taxes = ($1800)/year
Bitch please. You know you don't be havin' no car insurance.
Posted on 4/30/15 at 6:12 am to DownSouthDave
shiiiiiiiteee...krystler capitul madez me gits it.
y donts u jus ax me fore you be pioneer typen me?
y donts u jus ax me fore you be pioneer typen me?
This post was edited on 4/30/15 at 6:14 am
Posted on 4/30/15 at 7:37 am to TSLG
Back to the OT with you.
Posted on 4/30/15 at 8:22 am to VABuckeye
Lol.
Yes sir.
Yes sir.
Posted on 4/30/15 at 8:28 am to lsupride87
Yeah, and I just got a raise that bumps me over $70k plus I get quarterly bonuses which gets me to around $76k. I'm very pleased with where I've started my career.
Posted on 4/30/15 at 8:33 am to LSUengineer12
Well a lot of the PETE guys I know got laid off recently, so there's that.
Posted on 4/30/15 at 9:11 am to OneMoreTime
You can get to 100k 5 years out of school in civil with the right decisions
Posted on 4/30/15 at 9:14 am to Croacka
quote:
You can get to 100k 5 years out of school in civil with the right decisions
that has to be incredibly rare though
every civil I know started in the $40k-$45k range and once they passed the PE, jumped to the $75k range
this was 10 years ago when I graduated college, but I can't imagine salaries have gone up that much
This post was edited on 4/30/15 at 9:15 am
Posted on 4/30/15 at 9:16 am to Salmon
I would say that applies unless you get into the industrial sector
And your starting salary is low. I don't know anyone in the past 8 years that started for less than 50-60
And your starting salary is low. I don't know anyone in the past 8 years that started for less than 50-60
Posted on 4/30/15 at 9:29 am to TSLG
Posted on 4/30/15 at 9:33 am to Salmon
Salmon,
Civil starts at upper 40s but most people I know averaged upper 50s to start last spring
Civil starts at upper 40s but most people I know averaged upper 50s to start last spring
This post was edited on 4/30/15 at 9:34 am
Posted on 4/30/15 at 9:39 am to Croacka
CM degree (and I constantly get ostracised for not being an engineer 
)
Year 1 - 45k
MSES degree first year working
Year 2 - 65k
Year 3 - 80k
Just turned down competitor offer of 95k
Year 4 (anticipated) - 100k
) Year 1 - 45k
MSES degree first year working
Year 2 - 65k
Year 3 - 80k
Just turned down competitor offer of 95k
Year 4 (anticipated) - 100k
This post was edited on 4/30/15 at 9:40 am
Posted on 4/30/15 at 9:41 am to DirtyMikeandtheBoys
The only part that sucks is realizing that those raises will level off at some point
Otherwise we'd all be making 500K by 45
Otherwise we'd all be making 500K by 45
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