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re: Break it down - your finances
Posted on 4/29/15 at 10:49 am to AUtigerNOLA
Posted on 4/29/15 at 10:49 am to AUtigerNOLA
quote:
where would you be making that much in your 20s?
Read my post above about accounting. It's more than possible.
1
Posted on 4/29/15 at 10:50 am to AUtigerNOLA
Hell I'd be surprised if most lawyers in their 20's make that much. There are a lot of poor attorneys when they start out.
Posted on 4/29/15 at 10:51 am to kennypowers816
I would think in both accounting and some finance disciplines that it would be more than possible.
Posted on 4/29/15 at 10:51 am to AUtigerNOLA
quote:
I agree. But other than Engineers, Docs, some laywers...where would you be making that much in your 20s?
My friend is 25 and a realtor and he cleared 100k last year. The guy he works for is 28 and made over 400k.
Posted on 4/29/15 at 10:54 am to LSUengineer12
I know some accountants that have CPA and are making in the $50ks. Which to me is pretty low. Finance jobs yes, but analysts at my bank dont make 70-$80k unless they have been there a while and have a good amount of experience. Commercial bankers can make some solid money..but young..rare. Investment Banking type jobs yes definitely but again...where are those jobs in SELA?
This post was edited on 4/29/15 at 10:58 am
Posted on 4/29/15 at 11:03 am to AUtigerNOLA
I made about $150,000 when I was 27 that was my first really good year. Sales but not petro-chem related. All it takes is smarts, a ton of hard work, and willingness to move on when you need a bigger opportunity.
Biggest mistake most people make when they are young is staying somewhere too long, 2-3 years if you don't see substantial income and opportunity growth, its time for:
Biggest mistake most people make when they are young is staying somewhere too long, 2-3 years if you don't see substantial income and opportunity growth, its time for:
Posted on 4/29/15 at 11:03 am to AUtigerNOLA
quote:
agree. But other than Engineers, Docs, some laywers...where would you be making that much in your 20s?
Lots of tech related professions (IT/IS). Most people with graduate degrees? Other healthcare professions?
ETA: two working professionals can reach ~150k combined income fairly easily.
This post was edited on 4/29/15 at 11:09 am
Posted on 4/29/15 at 11:33 am to kennypowers816
quote:
So you could do it 11 years ago but its unreasonable for a couple to do it now??
No, I just think its a bit suspect. Its entirely possible that these people make this much! If you are making over 100k you are in top 20% of income. If you make over 180k, you are in top 5%. I am sure if you adjusted for age, making over 150k would be top 2-3% for households under 30.
quote:
As others have said, the demographics of this entire site are probably skewed, plus the thought that this board lends itself to many financially-conscious proefessionals.
Let's take 1 profession for example: accounting. You could easily have a young married couple @ 27yo who both have masters in accounting and CPAs and work at Big 4 firms in a major metro area (in the south). Assuming they have 2-3 years work experience at least, they are raking in 65-70k/person at least I would think.
There are a lot of scenarios where it could happen, but it appears to happen a lot in this thread. Maybe we skew rich here, or maybe not. I dunno.
I do know that people lie about their income on the internet, so maybe that is it too. If i see a high income on the internet, i pretty much assume the person is lying.
People making $200k is a rare event.
This post was edited on 4/29/15 at 11:35 am
Posted on 4/29/15 at 11:42 am to AUtigerNOLA
quote:
I agree. But other than Engineers, Docs, some laywers...where would you be making that much in your 20s?
Friend of mine is 29 and making about $140k as a guitar teacher/performer.
$125/student, 70 students (he's maxed out). Then he has a band that is successful and he plays some solo gigs at business events.
Posted on 4/29/15 at 11:49 am to StringedInstruments
To pull a line from the TD/rant playbook....Pics or it didn't happen.
Posted on 4/29/15 at 12:12 pm to Hawkeye95
quote:
Maybe we skew rich here, or maybe not. I dunno.
its pretty obvious that we skew towards educated, financially-conscious individuals here on this college sports themed message board in the "money talk" section... quote:
I do know that people lie about their income on the internet, so maybe that is it too
Personally, I don't believe there are very many liars in this thread at all. I'm sure there are a few and there are definitely some people who are confused, but I imagine most people are pretty accurate. If this were the OT, I have no doubt that there would be plenty of liars. Most people here are looking for honest feedback or feel comfortable sharing some basic info. Agree to disagree I suppose.
quote:
People making $200k is a rare event.
It's 2015. A couple of 30 year olds with grad degrees and good jobs pulling in 100k each including bonuses. Maybe it isn't common but it's not a double rainbow or something. But dat DINK tho.
Posted on 4/29/15 at 12:18 pm to kennypowers816
quote:
It's 2015. A couple of 30 year olds with grad degrees and good jobs pulling in 100k each including bonuses. Maybe it isn't common but it's not a double rainbow or something. But dat DINK tho.
That's what I was thinking, 150k definitely isn't out of reach. One person making 85k and another making 65k really isn't a reach at all for a couple of professionals. An engineer married to a nurse? An accountant married to an IS/IT professional? A pharmacist married to a teacher?
Posted on 4/29/15 at 12:20 pm to AUjim
quote:
To pull a line from the TD/rant playbook....Pics or it didn't happen.
Posted on 4/29/15 at 12:37 pm to kennypowers816
quote:
Maybe it isn't common
its not common. But if you read this thread it appears to be so.
quote:
it's not a double rainbow or something. But dat DINK tho.
i see a double rainbow every year fwiw.
Pretty common in the mountains. I saw a triple rainbow a few years ago. Posted on 4/29/15 at 12:41 pm to tes fou
Yall make me feel dirt poor.
22, struggling student, single
3000 net
700- utilities/rent
500 - car payment/insurance
300 - food
50 - cell
450 - gas/misc.
I put my tax return in a Roth IRA the past 3 yrs.
Remaining 1000
Throw the leftovers in my savings. Empty every 6 months to pay lsu tuition.
Graduating in 4 semesters with a CM degree and 0 debt is the goal
22, struggling student, single
3000 net
700- utilities/rent
500 - car payment/insurance
300 - food
50 - cell
450 - gas/misc.
I put my tax return in a Roth IRA the past 3 yrs.
Remaining 1000
Throw the leftovers in my savings. Empty every 6 months to pay lsu tuition.
Graduating in 4 semesters with a CM degree and 0 debt is the goal
Posted on 4/29/15 at 12:42 pm to Hawkeye95
I bring home about $50k depending on bonuses. I'm 27. Not exactly raking it in - but I'm currently looking to make a switch and most places seem to offer around $60k for the positions I'm looking at (IT biz dev) - higher end is $80k, but their "requirements" are insane. Basically - I don't think I'll be bringing in $12K any time soon so rest assured there are still "poors" on here.
This post was edited on 4/29/15 at 12:43 pm
Posted on 4/29/15 at 12:51 pm to JonaYolles
Another thing not really mentioned in this thread is location. In my profession the salary multiple from Alabama to say, California, is about 1.8x. Other metro areas may be a little less but this seriously skews the income data. Now amount saved, etc takes into account cost of living, but this talk about straight income is not apples to apples in most cases.
Posted on 4/29/15 at 12:52 pm to JonaYolles
Baseballmind take these numbers being thrown out with a grain of salt.. typing in $4,000 instead of $3,000 couldn't be easier.
Posted on 4/29/15 at 12:58 pm to baseballmind1212
quote:
Graduating in 4 semesters with a CM degree and 0 debt is the goal
Don't underestimate that dude.
Be poor as shite in school to have that. I should have been smarter. I'd be swimming in savings if it weren't for loans.
Posted on 4/29/15 at 1:16 pm to baseballmind1212
36k still in school shouldnt be something that's scoffed at. You ain't doing so bad.
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