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Message
1
Posted on 3/11/15 at 10:23 pm to StinkBait72
Yeah, it really fluctuates a little based on demand
I'd think 46-50 is a good start if you recently got a PE
Honestly, moving around a little bit can really bump up your rate in a hurry.
I recently made a semi-lateral move in pay to go to work for a huge/stable company where I shouldn't have to worry about the market near as much as I did in consulting.
I'd think 46-50 is a good start if you recently got a PE
Honestly, moving around a little bit can really bump up your rate in a hurry.
I recently made a semi-lateral move in pay to go to work for a huge/stable company where I shouldn't have to worry about the market near as much as I did in consulting.
Posted on 3/11/15 at 10:29 pm to LSUengineer12
in 5 years I will be 40
By then I would like...
$1MM Net Worth
wife's student loan paid off
Move back to US and buy a house w land
Buy a vacation rental
By then I would like...
$1MM Net Worth
wife's student loan paid off
Move back to US and buy a house w land
Buy a vacation rental
Posted on 3/11/15 at 10:30 pm to Croacka
The market is all over the place right now. Some sending people home, some steady, but very few hiring in office. The demand is pretty high in the field but you can get trapped their easily and the increases are always minimal.
Posted on 3/11/15 at 10:33 pm to StinkBait72
Yep
I got a 3 dollar raise when I got my PE and wasn't too impressed with that, especially with the new level of responsibility, even though I had a raise a few months earlier (I guess I'm greedy)
That was 2 jobs ago. I work direct now so I get to give the consultants hell now
I got a 3 dollar raise when I got my PE and wasn't too impressed with that, especially with the new level of responsibility, even though I had a raise a few months earlier (I guess I'm greedy)
That was 2 jobs ago. I work direct now so I get to give the consultants hell now
This post was edited on 3/11/15 at 10:34 pm
Posted on 3/11/15 at 10:47 pm to Croacka
Still sounds like a sweet gig especially in uncertain times. I know how difficult it is to get in to a large plant facility as a civil even as a PM. If things got to 2008 levels again I would go back to project management. As much as I enjoyed it, I had to hang it up for the kids due to the long hours and travel.
Posted on 3/11/15 at 10:50 pm to StinkBait72
Yeah, I have to admit....it would take a hell of an opportunity to ever get me away from here.
Work culture is great and the benefits are even greater.
Work culture is great and the benefits are even greater.
Posted on 3/11/15 at 11:13 pm to LSUengineer12
Mine is really hard to lay out. I just took over a 50% pay cut last year, but should have the opportunity to make 10x my current salary within 5 years.
29 now, but would like my business to hit $1mm in revenue in 5 years with me being able to take home t least 40%.
That'll allow me to build a new home with 30-40% equity starting off, and get a good start on saving for rec property (my main goal).
29 now, but would like my business to hit $1mm in revenue in 5 years with me being able to take home t least 40%.
That'll allow me to build a new home with 30-40% equity starting off, and get a good start on saving for rec property (my main goal).
Posted on 3/12/15 at 5:54 am to Croacka
Well that's why I got on this project, felt like I was just hanging out in the office waiting to get laid off. I took guaranteed 3-4 years work of I don't screw up.
My new boss was shocked when I said what my pay was, it came up when I said I'm not hiring office secretary type who makes more than me. He said they will take care of me, but who knows.
I'm also working directly with a client now who has started talking about future projects for us to go work on.
My new boss was shocked when I said what my pay was, it came up when I said I'm not hiring office secretary type who makes more than me. He said they will take care of me, but who knows.
I'm also working directly with a client now who has started talking about future projects for us to go work on.
Posted on 3/12/15 at 6:40 am to eng08
You graduate in 08 from LSU?
If so, we may know each other.
If so, we may know each other.
Posted on 3/12/15 at 7:38 am to Slickback
quote:
Slickback
What type of business do you own? Very few people are willing to take that sort've cut regardless of what they may see in the future, so kudos!
Posted on 3/12/15 at 7:43 am to TigerRob20
quote:
TigerRob20
YGM
Posted on 3/12/15 at 7:44 am to Croacka
quote:
Yeah, it really fluctuates a little based on demand
I'd think 46-50 is a good start if you recently got a PE
Honestly, moving around a little bit can really bump up your rate in a hurry.
I recently made a semi-lateral move in pay to go to work for a huge/stable company where I shouldn't have to worry about the market near as much as I did in consulting.
Im a civil in consulting right now. At kind of a smaller firm and some of our major clients are drying up. We've had a few layoffs and I'm starting to wonder if I should look elsewhere or just wait until I get my PE to think about leaving.
Posted on 3/12/15 at 7:50 am to Delacroix
I actually left a firm Id been at since graduation 6 months before I took my PE
Looking back, it was a very good decision for me
Looking back, it was a very good decision for me
Posted on 3/12/15 at 8:21 am to LSUengineer12
I'm 25:
Max out Roth IRA annually (doing this now)
Max out 401(k) annually (2 year goal)
Max out HSA annually (2 year goal)
Placed down payment towards first home (3 to 5 years out)
Build up a 6 month emergency fund (2 year goal)
Pay off wife's graduate school tuition (1 year goal)
Pay off wife's student loans (2 year goal)
Those goals are what me and my wife have begun attacking. I had a good starter emergency fund but I emptied out about 75% to pay towards wife's loans and a recent move we made. Fortunately I received a significant pay raise which really has helped keep things on track. We're not doing anything flashy this year, and the goal is to manage things unscathed until she completes grad work and finds employment.
So while my wife is unemployed and works on her MBA, I have the luxury of writing software from home in my sweatpants
Max out Roth IRA annually (doing this now)
Max out 401(k) annually (2 year goal)
Max out HSA annually (2 year goal)
Placed down payment towards first home (3 to 5 years out)
Build up a 6 month emergency fund (2 year goal)
Pay off wife's graduate school tuition (1 year goal)
Pay off wife's student loans (2 year goal)
Those goals are what me and my wife have begun attacking. I had a good starter emergency fund but I emptied out about 75% to pay towards wife's loans and a recent move we made. Fortunately I received a significant pay raise which really has helped keep things on track. We're not doing anything flashy this year, and the goal is to manage things unscathed until she completes grad work and finds employment.
So while my wife is unemployed and works on her MBA, I have the luxury of writing software from home in my sweatpants
Posted on 3/12/15 at 8:24 am to Delacroix
Always keep your options open and know what is available. This industry is a constant rollercoaster, but thats why the pay is what it is.
If you are close to sitting for the test I wouldnt leave unless asked to in this enviroment. I'm getting 3-5 resumes a week right now which means you'll competing for any opening that comes up. Be mindful as a civil you have plenty of other industries you can work in if it dries up and you need a paycheck.
If you are close to sitting for the test I wouldnt leave unless asked to in this enviroment. I'm getting 3-5 resumes a week right now which means you'll competing for any opening that comes up. Be mindful as a civil you have plenty of other industries you can work in if it dries up and you need a paycheck.
This post was edited on 3/12/15 at 8:28 am
Posted on 3/12/15 at 8:35 am to donRANDOMnumbers
quote:
Have wives practice fully established.
Posted on 3/12/15 at 2:11 pm to Delacroix
quote:
dustinm27
quote:
sure. post your email and I'll send it your way
Can you shoot me the spreadsheet also?
coincollections@hotmail.com
Posted on 3/12/15 at 4:07 pm to lynxcat
(no message)
This post was edited on 3/26/15 at 1:16 pm
Posted on 3/12/15 at 4:17 pm to NewIberiaHaircut
quote:
quote:
There are a few paths out of undergraduate that can get someone to the 100k savings mark by mid-late 20s.
It really isn't that hard if you started out with some savings and a plan. It's not always about the job title. I always worked in the summer growing up washing cars and cutting grass in the neighborhood. I'm cheap so I never spent that money. Went to college on scholarships so I didn't have to spend that money in college. Graduated and started working a shite job. Saved every extra penny I could and built my savings to $40K. Got married, wife started working, and we double that to $80K within a year living a conservative lifestyle on less than 1 person's salary.
At 25, we put down $40K on a house and started the savings procedure again. Now our incomes are starting to grow and savings are occurring quicker. By the time I was 27, we had over $100K. It's not a magic formula and we didn't have high paying jobs. Just made a plan and stuck to it.
Yes, this is true but I set the assumptions in my post as:
quote:
All of these will assume no student loans, no kids and relatively strict savings for a single person (one income).
Adding a second income means that not only can you save on expenses due to the economics of living together but you have even more disposable income. Two young people that are teachers making 40k each that are married can save probably 40k/year if they wanted.
At one point in this thread, posters started asking what 'high paying jobs' people were getting into that allowed them to save 100k+ by such a young age. The reality is you cannot hit 100k is savings by mid twenties with a low paying job and a single income. And, there is absolutely nothing wrong with that.
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