Entry level programmers at amazon can make over 100k / yr easily. Graduate at 21/22 and 300k net worth by 27 can be attained if frugal without any investments. And after ~5 years at big tech if you’re decent you’re probably making near or over 200 in total comp.
But it’s all relative. A ‘decent’ house in Seattle for example will be at least $1m so say goodbye to most of your savings for a 20% down payment. (decent is obviously relative as well)
Yeah I am not a programmer, didn’t wanna get stuck doing just 1 thing in case it ever became obsolete with tech so not getting the 100k also I wouldn’t work for Amazon or anything. Tbh I work for a corporation right now and would rather work for small companies but I’m not in a huge tech center. I have been debating a house but like down payment like ya said. Looked into the ones with little/no down payment but would be living in the not so safe area of town in a 100k house for that. 100k house wouldn’t be bad probably around the average house price in my hometown, but big city not so great.
For sure. I lived in the big tech ecosystem for awhile and will never go back. I can’t stand the yuppy ass bitches I had to work with. Small companies only for me from here on out!
Buy a house with rental income potential (duplex, triplex, basement suite) live in one part and fix it up while you rent the other units. Then switch sides and repeat when your tenants move out. The tenants pay the mortgage for you so your income can go to improvements and investments.
Start dumping money into your 401k if you have one or start an ira/Roth ira. You don’t have to be a genius to make money in stocks. A total market index fund or etf will do you well.
Is it better for me to do 401k vs paying down loans, Luckily I was checking them, interestingly I have a few federal ones with higher interest rate than my private one after refinancing. Mostly I’ve been only going 3% in 401k to pay off the loans faster.
That’s gonna depend on your interest rate. But the short answer is no, pay the loans off first.
If I had the chance to get something like a rental property which would return something like 12%+ and appreciate I might do that, but that’s about the only example I can think of off the top of my head.
Entry level programmers at amazon can make over 100k / yr easily. Graduate at 21/22 and 300k net worth by 27 can be attained if frugal without any investments. And after ~5 years at big tech if you’re decent you’re probably making near or over 200 in total comp.
But it’s all relative. A ‘decent’ house in Seattle for example will be at least $1m so say goodbye to most of your savings for a 20% down payment. (decent is obviously relative as well)
Yeah I am not a programmer, didn’t wanna get stuck doing just 1 thing in case it ever became obsolete with tech so not getting the 100k also I wouldn’t work for Amazon or anything. Tbh I work for a corporation right now and would rather work for small companies but I’m not in a huge tech center. I have been debating a house but like down payment like ya said. Looked into the ones with little/no down payment but would be living in the not so safe area of town in a 100k house for that. 100k house wouldn’t be bad probably around the average house price in my hometown, but big city not so great.
For sure. I lived in the big tech ecosystem for awhile and will never go back. I can’t stand the yuppy ass bitches I had to work with. Small companies only for me from here on out!
Is house hacking an option where you live?
Buy a house with rental income potential (duplex, triplex, basement suite) live in one part and fix it up while you rent the other units. Then switch sides and repeat when your tenants move out. The tenants pay the mortgage for you so your income can go to improvements and investments.
Start dumping money into your 401k if you have one or start an ira/Roth ira. You don’t have to be a genius to make money in stocks. A total market index fund or etf will do you well.
Is it better for me to do 401k vs paying down loans, Luckily I was checking them, interestingly I have a few federal ones with higher interest rate than my private one after refinancing. Mostly I’ve been only going 3% in 401k to pay off the loans faster.
That’s gonna depend on your interest rate. But the short answer is no, pay the loans off first.
If I had the chance to get something like a rental property which would return something like 12%+ and appreciate I might do that, but that’s about the only example I can think of off the top of my head.