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re: Live comfortably on $55,000 per year?

Posted on 4/16/14 at 11:02 pm to
Posted by GreatLakesTiger24
Member since May 2012
59227 posts
Posted on 4/16/14 at 11:02 pm to
it's all about concrete, brah
Posted by tigerbru17
Billy in 4C
Member since Jan 2009
10215 posts
Posted on 4/16/14 at 11:02 pm to
quote:

quote: I was just shocked that the starting average for a four year degree is anything less than 75k.

The average?? Just starting? Where did you get this idea from?

While possible, it's not practical.
Posted by GreatLakesTiger24
Member since May 2012
59227 posts
Posted on 4/16/14 at 11:03 pm to
75k is about the average mid-career salary for a financial analyst, for reference
This post was edited on 4/16/14 at 11:06 pm
Posted by wish i was tebow
The Golf Board
Member since Feb 2009
46124 posts
Posted on 4/16/14 at 11:04 pm to
I don't get this apartment talk. Some people need to live there
This post was edited on 4/16/14 at 11:05 pm
Posted by tigerbru17
Billy in 4C
Member since Jan 2009
10215 posts
Posted on 4/16/14 at 11:04 pm to
Mid career. That's my point.
Posted by Real Pirate
NE LA
Member since Apr 2013
1879 posts
Posted on 4/16/14 at 11:05 pm to
quote:

Not sure what age demographic you fall into or associate with, but several guys I know in my age group (mid to late 20's) all rushed to lease BMW's literally as their first car after getting their first job. None of them made a salary greater than $50,000. They did it solely for the status symbol. None of them found it foolish that they were spending 25% of their monthly income on their lease payments.


I'm 26. Yeah, that's extremely foolish. All of my friends drive trucks I guess.


quote:

Well if his social life involved doing an 8 ball a weekend, buying extravagant sports cars, constantly going on vacation, and being a douchebag in general, then yeah he can't afford that. But if you're just normal, want to have a good time, and live in a nice neighborhood, then 55K can buy that. Douche.


Sorry for partying old man.


quote:

and this year you recieved a 20k raise?



No, I get a monthly bonus. It's gone up since November of last year.


quote:

Well, prepare to make that 50K you were making fun of people for making, you stupid a-hole.


You understand I'm discussing what happened in my life 6 years ago, right?

So, while you had a witty response, it's a little too late to tell me what I need to expect out of life.
Posted by wish i was tebow
The Golf Board
Member since Feb 2009
46124 posts
Posted on 4/16/14 at 11:06 pm to
quote:

75k is about the average mid-career salary for a financial analyst, for refernce


It depends on the company. My brother is that and makes 100k. He's been there 6 years
Posted by OMLandshark
Member since Apr 2009
119977 posts
Posted on 4/16/14 at 11:07 pm to
quote:

I have a few engineering friends that started at right around there.

I'm agreeing with you just saying it's not as impossible as you made it sound



Yeah, but the one friend I'm thinking of was a chemical engineering major. My next closest were accounting majors, and pretty much this season will be the end of their bitch work, and they'll get big promotions. My law/medical school friends are going to graduate in a month. It's just downright delusional if you think on average you should be making 80K after college. Seriously, why would there be a struggle to pay of student loans if the average graduate was making that kind of money?
Posted by s14suspense
Baton Rouge
Member since Mar 2007
15582 posts
Posted on 4/16/14 at 11:09 pm to
quote:

I'm 26. Yeah, that's extremely foolish. All of my friends drive trucks I guess.



Right, because a 50K truck in a city for a guy with no yard is such a better idea than a BMW.

What's it like to work 80 hours a week on the road all year making per diem by the way?
Posted by H.M. Murdock
B.A.'s Van
Member since Feb 2013
2113 posts
Posted on 4/16/14 at 11:09 pm to
This thread is nuts. I hire college grads at $15/hr. Most aren't worth shite. Rude awakening these fools are in for indeed.
Posted by OMLandshark
Member since Apr 2009
119977 posts
Posted on 4/16/14 at 11:09 pm to
quote:

I'm 26. Yeah, that's extremely foolish. All of my friends drive trucks I guess.



And you want me to believe that all of your friends your age started out with a salary of 80K . I'd bet serious cash that you didn't start out with half that salary after college.
Posted by Louie T
Member since Dec 2006
36603 posts
Posted on 4/16/14 at 11:12 pm to
quote:

I hire college grads at $15/hr. Most aren't worth shite.
I wonder why
Posted by lynxcat
Member since Jan 2008
25050 posts
Posted on 4/16/14 at 11:12 pm to
How is this thread still going?

Average starting salary in business for a grad with something decent to offer is 45-55k. There are exceptions such as consulting and IB, programming, engineering...but that's about it.

Salaries increase quickly once you have some experience. Making 100k by 30 is quite easy if you do alright in those 8 years between graduation and 30.
Posted by wish i was tebow
The Golf Board
Member since Feb 2009
46124 posts
Posted on 4/16/14 at 11:12 pm to
quote:

It's just downright delusional if you think on average you should be making 80K after college



Completely Agee. But it's not just a no way never ever gonna happen. Depends on the field
Posted by lsuwontonwrap
Member since Aug 2012
34147 posts
Posted on 4/16/14 at 11:12 pm to
Some friends of mine are married with a kid and the dude makes $50,000/yr and they're fine.
Posted by LSU fan 246
Member since Oct 2005
90567 posts
Posted on 4/16/14 at 11:13 pm to
quote:

I'd bet serious cash that you didn't start out with half that salary after college.



earlier in the thread he said he didnt even finish college
Posted by OMLandshark
Member since Apr 2009
119977 posts
Posted on 4/16/14 at 11:14 pm to
quote:

earlier in the thread he said he didnt even finish college



Well, it's least its confirmed he's an idiot.
Posted by Gugich22
Who Dat Nation
Member since Jan 2006
27795 posts
Posted on 4/16/14 at 11:15 pm to
quote:

This thread is nuts. I hire college grads at $15/hr. Most aren't worth shite. Rude awakening these fools are in for indeed.


I got hired as an inside sales rep making 32k straight out of college in 2008. Cleared about 1800 per month. Thought I was on top of the world. Lol.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 4/16/14 at 11:15 pm to
Posted by LSU fan 246
Member since Oct 2005
90567 posts
Posted on 4/16/14 at 11:15 pm to
he did say that he transferred colleges and that even with the classes he didnt do so well in, he had a 3.95 gpa.
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