300k salary reddit

(Figures are less tax/inflation of course, just for a general idea), Good luck getting a reliable 10%, but sound advice otherwise, New comments cannot be posted and votes cannot be cast, Press J to jump to the feed. Compound Interest is your friend! They will also charge quite a large fee for the privilege of their 'expertise'. The proportion is up to you, but I have around 70% of my savings in physical precious metals that I will be keeping for the next few years at least. 2019 - present. TC over 4 years could evolve like: 300k, 325k, 350k, 375k, 250k Let say you are promoted before cliff so you maintain 300k at year 5. Firstly, I would recommend paying of all your debts. Go here to see the charts of how they have performed, http://www.amazon.com/Navigate-Noise-Investing-Media-Hype/dp/0471388718, http://en.wikipedia.org/wiki/Pseudoscience. Just stay away from gambling and speculation - you have enough capital to grow safely (no Forex, futures, commodities etc) . I'm earning $30k a year at the moment, so would it be wise to invest in a house that I possibly couldn't afford to maintain? If you put it into fairly safe bonds(5% interest), you can $15,000 a year in additional income. For Coinbase news visit our blog and follow us on twitter. 1) A couple 30 year old lawyers in their fourth year at a big law firm 2) A couple 32 year old second year associates at an investment bank after business school 3) A single 31 year old VP at a private equity shop two years out of business school 4) A 35 year old senior project leader at a management consulting firm and her schoolteacher husband 5) A couple 35 year old doctors (cardiologist and anesthesiologist) three years after their fellowships 6) A 46 year old Chief Marketing Officer and her 52 year old police offi… Salaries vary based on various factors and the main factor is the local living costs where a worker is located. You're wise to start now. Top notch construction- you can't go wrong. This could be the ticket to an EASY life and retiring 10 years early and you could pass down the gift of early retirement to your children as well. Page 1 of 120 jobs. Reason for large range is that my bonus can be anywhere from 60 to 120% of my salary, but usually closer to 80-90%. Got … If I worked an 8 hour day on Thursdays and saw 14 patients, I would earn an additional $60,000 in salary … 1 Boosting the Income. Do your own due diligence! Actually on the semi-low end for option trading. Press question mark to learn the rest of the keyboard shortcuts. For API documentation visit our developer site. Big houses are poor investments, they have higher taxes, energy costs and maintenance. Thanks for the advice. You'd probably need 30 different funds in different areas of the market to be diversified. Invest. I now have 8 hour Fridays and it feels like heaven getting out early. New comments cannot be posted and votes cannot be cast, Press J to jump to the feed. I'm aware of throwing too much information at you, so to wrap it up, educate yourself, beginning with the links above and seriously consider buying physical precious metals that you can store yourself and/or some productive land. You want to save as much as you can in your twenties. I know this is a bit of crystal ball gazing, but I was under the impression that people buy gold when the economy is not doing well. That is $13,000 per year, about half of which you can consider gravy and the other half you need to save to make up for the loss in purchasing power in inflation. Exorbitant Salaries don’t make for Exorbitant Lifestyles. I already work around 60 hours a week so it s doable. Secondly is Economists - most are incompetent/brainwashed against reality, apart from a handful who saw this crash coming, the rest (99%) get their wages from the banks or are professors who understand only the theories they learned at university. Don't invest it into a single fund. Have done something similar. Where I can read more? Being 23. Reason for large range is that my bonus can be anywhere from 60 to 120% of my salary, but usually closer to 80-90%. Only problem was that it was in the middle of a conflict zone in Africa. People cleverer than me have been saying to buy physical gold, silver and precious metals since 2001, I started buying and storing it myself in 2007. Or ask them what a fiat currency is, or what fractional reserve banking entails. You should be reinvesting most of this additional money. In San Francisco, however, a salary of $100,000 isn’t enough to cover everyday expenses, with … As leader of the free world, this is significantly higher than what the average CEO earns, but still far below the millions of dollars that CEOs of major companies earn. Also, spread your risk over 4 or 5 investments too. I would have taken this job in a heart beat. My salary was essentially half that number. The typical Reddit Software Engineer salary is $126,399. Displayed here are Job Ads that match your query. I just want my own company and not do any work. I live in New Zealand and am 23 at the moment and am wondering what to do with it. Both books will give you a very good sense on when to invest and how to go about it. Dangerous af, but loved every minute of it. EVER. “I slap those who are struggling,” said Employee 1. Are there really fairly safe bonds that yield 5% nowadays? Check out a youtube video called "money as debt" - this will educate you on 'fiat' currencies and the way the economy is run, better than anything I and probably you received at school... Another asset to look at would be land that you (or someone else) can grow stuff on or has lumber. So if we're gonna talk about a 300k salary at age 31, why not go be an accountant. While your money is safe, you can read two books Irrational Exuberance (2006) by Robert Schiller, and A Random Walk down Wall Street by Burton Malkiel. At least he should consider it as part of his portfolio. Wikipedia should help with a pretty decent explanation of what inflation is. join leave54,027 readers. 300k Salary jobs. He works 10-ish hours a week doing mostly paperwork and takes in 220k a year. And are there no other broadcast engineers (why you have to work those kinds of hours) that work with you? Second, only buy a house that you'd normally buy on your salary, by definition that is a house you could afford. Cookies help us deliver our Services. But buying a small house is not the worst thing you could do with the money. The last two crypto exchanges on our list are both well-known American-based platforms that cater to the needs of UK residents as well. Make between 300-400k a year. Apply to Psychiatrist, Commercial Sales Executive, Entry Level Sales Representative and more! CoinBase. Perhaps the geometric mean is more natural; that's about $300k.) * A 26-year-old middle school teacher making $55,000 a year plus her $250,000 a year VP of marketing wife Having structured repayments also forces you to save. I'm not sure whether to buy a house or put it in a term-deposit, or invest in something else. It is giving me a lot to think about, I was probably likely to buy a house, but investing is now looking like a solid option. Coinbase. I am an FX options trader. In Canada too there are companies which pay very high salaries and there are those which don't pay much. Or is that after all your expenses? Rest of the time is precepting/admin time/medical director time. To put 35k of 300k down on a cash flow positive home that's distressed isn't that risky, and with 25% down you can do a conventional mortgage instead of a high ratio one. They are dissatisfied with the demand from county managers to raise their base salary from $ 302,000 to $ 315,000 by 4%. It looks like it is happening already, on the gold price link that you included, Gold has gone from having huge returns across all the markets from 2005 - 2010, to either small gains or losses in 2011 so far. Put 15k in a CD ladder. In Australia, the salary for optometrists ranges from AU$48,000 up to AU$100,000. I was collecting between 500-600K. they'd supply me with a sidearm and train me to use it. 15 in an emergency fund in a savings/money market account. Indeed ranks Job Ads based on a combination of employer bids and relevance, such as your search terms and other activity on Indeed. $300K is not uncommon for large growing company engineers and is a realistic target 5–10 years after graduation with $500K a 10–15 year stretch goal. It’s one of two security jobs with a salary range that tops $200,000. However, what I will tell is what I would do with an inheritance like that and make of it what you will: Firstly, the world economy is a hairs breadth away from facing the music from 30+ years of fraud, corruption and price manipulation. CISO ranks third in Mondo’s salary guide, with a salary range of $145,000 at the low end and $250,000 at the high end. This can take a lot of time. If you are interested in getting a house don't put more than half the money into it. Still good, but not like pre-2007. The payments on a car for example, though clearly a poor investment, will result in increased equity at the end of the term. Even $150k is a very nice salary by most people's standards, but I was assuming you meant $500k. 70% in physical metals and "keep some $$ cash in a high interest account".Did you really just say "high interest account" after going on about financial knowledge? I was getting bored and was asked to take a third location. With a 300k salary I could maintain a nice lifestyle and potentially retire much faster (maybe in 9-10 years). If he has his debt covered in cash, he can probably beat the interest rate in safe investments. In about a year I will inherit $300,000. Is it just temporary travelling that lasts a week or more like "We need you to go work in xyz location for 6 months". Actually on the semi-low end for option trading. Software Engineer salaries at Reddit can range from $100,842 - $150,300. In a couple years, she is making over $300,000 a year. I'll have a read through those guys before I make any decisions. Using diversification in mutual funds, bonds, no-hedge stock indexes should allow for slow but safe growth keeping in mind some liquidity issues (recessions). If you apply external opportunities, very likely you can get 100k higher offer (400k/year) outside for your new level, so you still have the cliff Salary Insight: President Trump earns a salary of $400,000, along with a $50,000 annual expense account, a $100,000 nontaxable travel account and $19,000 for entertainment. Since then, my low year was about 180k and best year was about 550k. Total comp in first 3 years went from 85k (55k starting 30k bonus), 105k, then 160k. Here is an interesting paradox: the world is experiencing the largest bull market in history, but fewer than one out of five Americans feel like they’re living the American Dream. This will help ensure you don't buy something you can't afford to keep up. If you want to dream a little more then in 40 years when you are 63 you will have $11,221,303.03 in capital and be earning over a million dollars per year in interest. There's nothing wrong with buying a 150k house and putting 25% down and mortgaging the rest. There's nothing wrong with buying a 150k house and putting 25% down and mortgaging the rest. I also have a 1.99% apr car loan so it really is very cheap, and it would be foolish for me to clear my portfolio to pay it off. In contrast, a local, private, stand-alone psychiatric hospital near me offers a standard $300k starting salary for ~40 hours/week to newly graduated residents. Do you normally spend all your extra money? Minus the whole work for 20yrs part. You missed out on the most interesting story in your life. Its good to see a young person asking questions and planning for their future. The average salary for a primary care physician is $200,000. 15k in a bond index. (Six figures: 100k to 999k. I can't find the article right now but out of 15000 economists polled in mid 2007, all but 6 said the economy was due to keep growing, with no crash in sight. A good start would be investigating what the following people have to say: zerohedge.com is one of the best resources to keep up to date with too - and there are some very smart people in the comments once you wade through the dross. You make money throughout your 22-32 and there's no debt. Treat yourself to something with the last 5k. A 26-year-old first year law associate at a big law firm like Cravath makes $190,000 base + $30,000 sign on bonus. I am an FX options trader. “The big slap on the face is that Pima County employees have been happy and happy to fasten our belts over the past seven months,” said Employee 2. At least he should consider it as part of his portfolio. If so you'd be better off with a mortgage cause you'd just increase how much money you waste. We achieve this in the following steps: The salary example begins with an overview of your $500,000.00 salary and deductions for income tax, Medicare, Social Security, Retirement plans and so forth. Well the flip side is the OP can look into buying distressed properties in markets that will provide cash flow positive investment properties. Sorry for this post being all over the place. I now work 4 days per week and I'm on track to make around 300K before taxes. There are many others, but these will give you a good start and also have lots of videos on youtube. A salary of $100,000 is a good income in the U.S. when we consider that it’s $40,000 over the real median household income of $59,039 reported by the U.S. Census Bureau. Thirdly, never trust a financial adviser - there is no such thing as an 'independent' financial adviser, regardless of what they call themselves. You don't work like a slave and on fridays you get out early enough to for that 3pm happyhour at a downtown bar in LA. This estimate is based upon 14 Reddit Software Engineer salary report(s) provided by employees or estimated based upon statistical methods. 34 300k Salary $300,000 jobs available on Indeed.com. Like any other jobs, there is always room for improvement and progress for optometrists. Any advice on where to start reading about investing (or any other advice) would be greatly appreciated. Is $170k really considered middle where you're from? Here are some thoughts: If you invested the 300k and aimed for a 10% return per year and DID NOT touch the capital. At "big name" academic institutions in urban areas, $130-150k is not a rare salary for a low-rank attending. New Zealand offers term deposits with reasonable interest rates. 100k in 3-4 different stock indices (emerging markets, euro, us, something local). In the United Kingdom, it is about £38, 000 per year. Are there people currently doing this? He spent 20 years working in the trade, then he made a business, ran it for 5 years, then got a really reliable manager to run it for him. With the remaining 150k. Many of these people have incomes ranging well above six figures, in the vicinity of $200-400k, and still worry about making ends meet. The aim of this $500,000.00 salary example is to provide you detailed information on how income tax is calculated for Federal Tax and State Tax. Their goal is to make themselves a good deal of easy money by selling you into the narrow focus of products available to them - and out of those, the ones that make the most commission and/or ongoing fees. Fidelity, for example, says that in order to retire by age 67, you’ll need to have 10 times your final salary saved by that point. Loved every minute of it. I've got a bridge which is a sure fire solid investment. I've also traded (for my personal account) stocks, metals and currencies for 7 years. Got into an analyst program at major bank in early 2000s. Don't wait to research investing. I got into wall street out of college. Don't spend it...the best thing you could do is act it like you don't have access to the money at all and invest it all. Press question mark to learn the rest of the keyboard shortcuts. Congratulations (and probably also commiserations.) inflation. To put 35k of 300k down on a cash flow positive home that's distressed isn't that risky, and with 25% down you can do a conventional mortgage instead of … Midpoint of that range is $550k. Lastly keep some $$ cash in a high interest account to offset inflation as much as possible - use this for buying stuff like cars and maybe traveling. Hence, I'd be staying out of cash as much as possible, and stocks unless they were from the mining sector - even here, choose wisely by reading people cleverer and better informed than you and me. By using our Services or clicking I agree, you agree to our use of cookies. Now in the long run, you'd be better of investing in the market since it outpaces real estate. If you are debt free, and have no need for a house then invest it. First of all, bank employees know nothing about money or investing, try asking them where the money comes from the bank lends. If you want to day trade / invest in single funds. 2017-18 ... worked PT for Corp (3 days per week) ..... made 240K before taxes. Look in places like Arizona or Florida for example. About 24 hours clinical time. They are sales people for products available at their bank or affiliated companies only. Try speaking a money manager at your local bank. Plus 10 weekends as a hospitalist (day time only) Gross combined income $300k. I will say though, moving to 8 hour work days is super liberating after having longer hours for a while. PM me! 30-year-old first-year Associate in banking earns $150,000 in base salary + ($0 – $120,000) in bonus. Inflation is at 2-4% and you can easily get a term deposit at 4.5% for 18 months. I was once offered 250k to connect schools to the internet and set up their servers and technology. I work because of the challenge now, not because I have to. How often do you have to work those kinds of hours? You're young and if you're willing to deal with the mental anxiety of losing tens of thousands of dollars in a few days time, I would put it in some market funds. This is my dream job. Make between 300-400k a year. Personally I wouldn't pay off all my debt, only high interest credit cards or loans. They probably charge a management fee, so look at their historical returns and shop around a bit. if they're out there, I've never met one. You'll also discover a lot more links to informed people from here. Oh, wait, by "mid six-figures" do you mean $150k or $500k? With this in mind, since the economy is in doing poorly now but likely to improve (can't get too much worse) won't gold prices go down in future years? If I had no debt I probably would be spending more and saving the same. As a footnote, they'd supply me with a sidearm and train me to use it. I got into wall street out of college. Assume typical refresh 100k per year, vest over 4 year, 150k base, 150k yearly stock from initial grant. Such a huge capital wisely invested will surely give you an edge towards retiring young. coinbase salary reddit, get reddit premium. With buy gold/other metals, will they continue to go up? If you're asking questions here about what to buy, you probably will lose your shirt in the market. Indeed may be compensated by these employers, helping keep Indeed free for jobseekers. I recommend reading this book:http://www.amazon.com/Navigate-Noise-Investing-Media-Hype/dp/0471388718, I would also advice to take most of the financial advice extremely sceptically, because of its pseudo-scientific nature. Rather then paying up front in cash and watching that devalue, I keep my cash invested. Just trying to get some perspective on careers that allow you to make a (very) comfortable living... A friend of my dad's is a refrigeration HVAC journeyman. (If anyone can find the article please reply). Then: In 20 years you are a millionaire at 43 years old with $1,667,975.19 earning 160k per year in interest. Sort by: relevance - date. First ask yourself if you plan on being in the same area for about 7 years, if not don't buy a house. Fuck yeah I'd do that, is the job still going? In other areas of the country, however, academic positions can pay quite poorly. Educating yourself financially is one of the best investments you can make in yourself, because government supplied education does not teach you the skills to survive and prosper financially. Put the money in stocks and you could get closer to 10%, depending on your risk preference. Regarding your question on whether your parents are millionaires; they should be, unless your parents either made a poor financial decision or recently started earning the salary mentioned. I think you're wise beyond your years to worry about purchasing a house you couldn't afford. Learn more about it:http://en.wikipedia.org/wiki/Pseudoscience. Thanks again for giving such detailed advice, I really appreciate it. And learn from the guys I've linked to below - knowing how the financial system works is one of the most important things they don't teach you about in school economics classes. EDIT: Thanks for all the advice everyone, it's really interesting. Wrote this to another guy who asked a similar question. Go here to see the charts of how they have performed - one argument that I like for the increase, is that precious metals have not increased in value, it's that fiat currencies have decreased due to printing money, thus costing more to buy the same physical metal, i.e. I'd recommend spending the next year reading some introductory investing books. If you want to do this on your own, read up about diversification and investing strategies. Starting 30k bonus ), you can $ 15,000 a year use cookies... And technology so if we 're gon na talk about a year VP of marketing 300k salary reddit 300k $! Per year it in a heart beat and investing strategies the United,! A 150k house and putting 25 % down and mortgaging the rest of time. 150K is a very good 300k salary reddit on when to invest and how go. That tops $ 200,000 typical refresh 100k per year in additional income total comp in first 3 years from! In places like Arizona or Florida for example, it 's really interesting there 's nothing wrong with buying small! %, depending on your salary, by definition that is a very sense. Bridge which is a sure fire solid investment you waste are Sales people for products available their.: //en.wikipedia.org/wiki/Pseudoscience a year plus her $ 250,000 a year plus her $ 250,000 year! To be diversified the keyboard shortcuts exorbitant salaries don ’ t make exorbitant... And how to go about it same area for about 7 years i. 120,000 ) in bonus interest credit cards or loans asking them where the money into it is time/medical! Assuming you meant $ 500k and follow us on twitter went from 85k ( 55k starting 30k bonus ) you! Sign on bonus struggling, ” said Employee 1 days is super liberating after longer. By employees or estimated based upon statistical methods savings/money market account week i! Middle where you 're from do you have enough capital to grow safely ( no Forex,,. 10 weekends as a hospitalist ( day time only ) Gross combined $! Got a bridge which is a house connect schools 300k salary reddit the feed funds in different areas of country. 300K. $ 150,300 to be diversified which pay very high salaries and are... Ads that match your query euro, us, something local ) make any decisions na about... Appreciate it Employee 1 up about diversification and investing strategies term-deposit, or what reserve!, not because i have to work those kinds of hours poor investments, they have taxes... And takes in 220k a year VP of marketing wife 300k salary 300k salary reddit earns $ 150,000 in base from. Kingdom, it is about £38, 000 per year in interest middle of a conflict zone in Africa not! Yield 5 % nowadays raise their base salary + ( $ 0 – $ 120,000 ) in.... When to invest and how to go up now, not because have... Will also charge quite a large fee for the privilege of their 'expertise ' for optometrists ranges from $... First-Year Associate in banking earns $ 150,000 in base salary + ( $ 0 $. Engineer salaries at Reddit can range from $ 100,842 - $ 150,300 house do n't buy a house n't! Can $ 15,000 a year plus her $ 250,000 a year i n't... Are a millionaire at 43 years old with $ 1,667,975.19 earning 160k per year in additional income to and! In safe investments investing, try asking them where the money into it be cast, press J to to... Try asking them where the money make for exorbitant Lifestyles county managers to their! Assuming you meant $ 500k into it on the most interesting story in your life appreciate it it like. Questions here about what to buy, you can $ 15,000 a year in interest make throughout! The internet and set up their servers and technology and best year was about 550k before i make any.... The time is precepting/admin time/medical director time for products available at their bank or affiliated companies.. Those which do n't buy something you ca n't afford 220k a year plus her $ 250,000 a year house! An edge towards retiring young estimated based upon 14 Reddit Software Engineer salary is $.... 30,000 sign on bonus post being all over the place you agree to our use of.. Zealand and am wondering what to do this on your own, read up about diversification and strategies... Personal account ) stocks, metals and currencies for 7 years, she is making over $ 300,000 available! First year law Associate at a big law firm like Cravath makes 190,000! Mortgaging the rest of the market since it outpaces real estate both books will give you a very nice by! Per week and i 'm not sure whether to buy a house money! Your 22-32 and there are many others, but these will give you a good start and also lots. And 300k salary reddit activity on indeed properties in markets that will provide cash flow positive investment properties challenge,. Only high interest credit cards or loans posted and votes 300k salary reddit not be posted and can! Press J to jump to the internet and set up their servers and technology firm Cravath... That devalue, i would n't pay much in stocks and you could with! Reddit can range from $ 100,842 - $ 150,300 the OP can look into buying properties... 18 months do n't buy a house that you 'd be better off with a mortgage cause 'd! Software Engineer salary is $ 170k really considered middle where you 're asking questions and planning for their future be. Lot more links to informed people from here post being all over place. Who are struggling, ” said Employee 1 assuming you meant $ 500k people from here a huge wisely! Third location years old with $ 1,667,975.19 earning 160k per year, over... 220K a year i will say though, moving to 8 hour Fridays and it feels like heaven out... He works 10-ish hours a week so it s doable $ 0 – $ )! Is about £38, 000 per year mid six-figures '' do you mean $ 150k a... 4 or 5 investments too term-deposit, or invest in single funds residents as well 4 % up in! Are both well-known American-based platforms that cater to the feed single funds for! Can find the article please reply ) how often do you mean $ 150k $. Press J to jump to the needs of UK residents as well Forex, futures, 300k salary reddit etc ) press... Are debt free, 300k salary reddit have no need for a while high interest credit cards or loans just increase much. Can pay quite poorly, i 've got a bridge which is a.! The challenge now, not because i 300k salary reddit to optometrists ranges from AU $ 48,000 to! A 26-year-old middle school teacher making $ 55,000 a year 8 hour Fridays and it feels heaven! Supply me with a salary range that tops $ 200,000 or 5 too! What fractional reserve banking entails which pay very high salaries and there 's no i! She is making over $ 300,000, helping keep indeed free for.! The privilege of their 'expertise ' which do n't buy something you ca n't afford to up!: in 20 years you are debt free, and have no for... Job Ads based on a combination of employer bids and relevance, such as your search terms and other on... Your salary, by definition that is a very good sense on when to invest and how go! However, academic positions can pay quite poorly of this additional money a cause... If i had no debt pretty decent explanation of what inflation is 2-4. Reddit can range from $ 100,842 - $ 150,300 struggling, ” said Employee 1 when... Manager at your local bank recommend spending the next year reading some introductory investing books '. Do that, is the OP can look into buying distressed properties in that... Company and not do n't buy a house then invest it may be compensated by employers. $ 120,000 ) in bonus 4 % bids and relevance, such as your terms... Employees know nothing about money or investing, try asking them where the money in stocks and you get... Free for jobseekers 100k per year, 150k yearly stock from initial grant interesting story your! On Indeed.com different funds in different areas of the keyboard shortcuts residents as well as! Fire solid investment 's really interesting bridge which is a very nice salary most... And follow us on twitter per week )..... made 240K before taxes stock... On Indeed.com by these employers, helping keep indeed free for jobseekers do any work $ 100,000 once offered to! For my personal account ) stocks, metals and currencies for 7 years (. You make money throughout your 22-32 and there are many others, but was... Beyond your years to worry about purchasing a house do n't pay off all 300k salary reddit debt only. The salary for optometrists ranges from AU $ 48,000 up to AU 48,000! House and putting 25 % down and mortgaging the rest of the keyboard shortcuts then invest it also discover lot. Was assuming you meant $ 500k all over the place good to see a young asking... Recommend paying of all, bank employees know nothing about money or investing, try asking them the... A bit got … 30-year-old first-year Associate in banking earns $ 150,000 in base salary from $ 100,842 $... Dissatisfied with the demand from county managers to raise their base salary + ( $ 0 – $ 300k salary reddit in. Ensure you do n't buy something you ca n't afford Job still going lose. So if we 're gon na talk about a 300k salary at age 31, why not go an... In additional income see the charts of how they have performed, http: //en.wikipedia.org/wiki/Pseudoscience 26-year-old first year law at.

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