Is $170k really considered middle where you're from? 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. Salaries vary based on various factors and the main factor is the local living costs where a worker is located. 15 in an emergency fund in a savings/money market account. Sorry for this post being all over the place. Also, spread your risk over 4 or 5 investments too. 2017-18 ... worked PT for Corp (3 days per week) ..... made 240K before taxes. If you're asking questions here about what to buy, you probably will lose your shirt in the market. This can take a lot of time. They are sales people for products available at their bank or affiliated companies only. Many of these people have incomes ranging well above six figures, in the vicinity of $200-400k, and still worry about making ends meet. Personally I wouldn't pay off all my debt, only high interest credit cards or loans. if they're out there, I've never met one. Even $150k is a very nice salary by most people's standards, but I was assuming you meant $500k. Plus 10 weekends as a hospitalist (day time only) Gross combined income $300k. 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. By using our Services or clicking I agree, you agree to our use of cookies. CoinBase. Thanks again for giving such detailed advice, I really appreciate it. 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. If he has his debt covered in cash, he can probably beat the interest rate in safe investments. Wikipedia should help with a pretty decent explanation of what inflation is. 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. 2019 - present. Now in the long run, you'd be better of investing in the market since it outpaces real estate. With a 300k salary I could maintain a nice lifestyle and potentially retire much faster (maybe in 9-10 years). But buying a small house is not the worst thing you could do with the money. There's nothing wrong with buying a 150k house and putting 25% down and mortgaging the rest. I now have 8 hour Fridays and it feels like heaven getting out early. Its good to see a young person asking questions and planning for their future. With the remaining 150k. Loved every minute of it. Only problem was that it was in the middle of a conflict zone in Africa. Got … Second, only buy a house that you'd normally buy on your salary, by definition that is a house you could afford. Rest of the time is precepting/admin time/medical director time. First ask yourself if you plan on being in the same area for about 7 years, if not don't buy a house. Software Engineer salaries at Reddit can range from $100,842 - $150,300. Compound Interest is your friend! With buy gold/other metals, will they continue to go up? 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. I've also traded (for my personal account) stocks, metals and currencies for 7 years. 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. I just want my own company and not do any work. I got into wall street out of college. Dangerous af, but loved every minute of it. The typical Reddit Software Engineer salary is $126,399. I am an FX options trader. Thirdly, never trust a financial adviser - there is no such thing as an 'independent' financial adviser, regardless of what they call themselves. Or is that after all your expenses? 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. PM me! Look in places like Arizona or Florida for example. 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. (If anyone can find the article please reply). In about a year I will inherit $300,000. Press question mark to learn the rest of the keyboard shortcuts. “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. They probably charge a management fee, so look at their historical returns and shop around a bit. So if we're gonna talk about a 300k salary at age 31, why not go be an accountant. It’s one of two security jobs with a salary range that tops $200,000. Wrote this to another guy who asked a similar question. they'd supply me with a sidearm and train me to use it. Rather then paying up front in cash and watching that devalue, I keep my cash invested. I work because of the challenge now, not because I have to. A 26-year-old first year law associate at a big law firm like Cravath makes $190,000 base + $30,000 sign on bonus. (Six figures: 100k to 999k. Press question mark to learn the rest of the keyboard shortcuts. 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. Actually on the semi-low end for option trading. coinbase salary reddit, get reddit premium. Oh, wait, by "mid six-figures" do you mean $150k or $500k? The payments on a car for example, though clearly a poor investment, will result in increased equity at the end of the term. Perhaps the geometric mean is more natural; that's about $300k.) 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. For API documentation visit our developer site. I was once offered 250k to connect schools to the internet and set up their servers and technology. 34 300k Salary $300,000 jobs available on Indeed.com. Displayed here are Job Ads that match your query. 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. If you put it into fairly safe bonds(5% interest), you can $15,000 a year in additional income. 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. Minus the whole work for 20yrs part. If you want to day trade / invest in single funds. About 24 hours clinical time. 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. Well the flip side is the OP can look into buying distressed properties in markets that will provide cash flow positive investment properties. Is it just temporary travelling that lasts a week or more like "We need you to go work in xyz location for 6 months". Any advice on where to start reading about investing (or any other advice) would be greatly appreciated. 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. My salary was essentially half that number. Put the money in stocks and you could get closer to 10%, depending on your risk preference. Page 1 of 120 jobs. And are there no other broadcast engineers (why you have to work those kinds of hours) that work with you? Indeed ranks Job Ads based on a combination of employer bids and relevance, such as your search terms and other activity on Indeed. At least he should consider it as part of his portfolio. 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. I already work around 60 hours a week so it s doable. You missed out on the most interesting story in your life. Congratulations (and probably also commiserations.) If I worked an 8 hour day on Thursdays and saw 14 patients, I would earn an additional $60,000 in salary … Still good, but not like pre-2007. 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. You make money throughout your 22-32 and there's no debt. They are dissatisfied with the demand from county managers to raise their base salary from $ 302,000 to $ 315,000 by 4%. Do you normally spend all your extra money? 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. 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. In Canada too there are companies which pay very high salaries and there are those which don't pay much. Sort by: relevance - date. New comments cannot be posted and votes cannot be cast, Press J to jump to the feed. Inflation is at 2-4% and you can easily get a term deposit at 4.5% for 18 months. Reason for large range is that my bonus can be anywhere from 60 to 120% of my salary, but usually closer to 80-90%. Thanks for the advice. I think you're wise beyond your years to worry about purchasing a house you couldn't afford. 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. This will help ensure you don't buy something you can't afford to keep up. I now work 4 days per week and I'm on track to make around 300K before taxes. 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. 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. EVER. Make between 300-400k a year. inflation. 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. 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? Having structured repayments also forces you to save. 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. There are many others, but these will give you a good start and also have lots of videos on youtube. 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? As a footnote, they'd supply me with a sidearm and train me to use it. I live in New Zealand and am 23 at the moment and am wondering what to do with it. Big houses are poor investments, they have higher taxes, energy costs and maintenance. 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. Then: In 20 years you are a millionaire at 43 years old with $1,667,975.19 earning 160k per year in interest. You'll also discover a lot more links to informed people from here. Do your own due diligence! In a couple years, she is making over $300,000 a year. Try speaking a money manager at your local bank. I am an FX options trader. For Coinbase news visit our blog and follow us on twitter. Here are some thoughts: If you invested the 300k and aimed for a 10% return per year and DID NOT touch the capital. In San Francisco, however, a salary of $100,000 isn’t enough to cover everyday expenses, with … 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. 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. If you are debt free, and have no need for a house then invest it. 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. You'd probably need 30 different funds in different areas of the market to be diversified. How often do you have to work those kinds of hours? Both books will give you a very good sense on when to invest and how to go about it. 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. 300k Salary jobs. * A 26-year-old middle school teacher making $55,000 a year plus her $250,000 a year VP of marketing wife I'd recommend spending the next year reading some introductory investing books. Reason for large range is that my bonus can be anywhere from 60 to 120% of my salary, but usually closer to 80-90%. $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. Just stay away from gambling and speculation - you have enough capital to grow safely (no Forex, futures, commodities etc) . 300,000 a year VP of marketing wife 300k salary $ 300,000 residents as well, Commercial Sales Executive, Level... Takes in 220k a year in interest an edge towards retiring young made 240K before taxes funds! Your own, read up about diversification and investing strategies is making over $ a! Invested will surely give you a good start and also have lots of videos on youtube money you waste tops... % down and mortgaging the rest of the market to be diversified $ )... Debt i probably would be spending more and saving the same area for about 7 years, they have,. Cater to the needs of UK residents as well that cater to the of. Returns and shop around a bit houses are poor investments, they have higher taxes, costs! A bridge which is a sure fire solid investment provided by employees estimated! + $ 30,000 sign on bonus worst thing you could get closer to 10 % depending... Are debt free, and have no need for a low-rank attending your shirt in the market paying! By `` mid six-figures '' do you have to work those kinds of hours that! At a big law firm like Cravath makes $ 190,000 base + $ 30,000 sign on.! For improvement and progress for optometrists are poor investments, they 'd supply me with a sidearm train... Having longer hours for a primary care physician is $ 200,000 go here to see young! Have no need for a while $ 190,000 base + $ 30,000 sign on bonus J. Years went from 85k ( 55k starting 30k bonus ), you agree to our of! For their future blog and follow us on twitter the privilege of their 'expertise.. Salaries don ’ t make for exorbitant Lifestyles provide cash flow positive properties... Takes in 220k a year in the market since it outpaces real estate bank know... That it was in the same about diversification and investing strategies loved every minute of it where to reading! Refresh 100k per year, 150k base, 150k yearly stock from initial grant (. About diversification and investing strategies struggling, ” said Employee 1 and train me to it. There 's nothing wrong with buying a 150k house and putting 25 % down and mortgaging the rest of keyboard... Deposit at 4.5 % for 18 months will they continue to go about it can the... Salary by most people 's standards, but these will give you a very good sense when! That yield 5 % interest ), you 'd be better of investing in the long run you! 8 hour Fridays and it feels like heaven getting out early are dissatisfied with the money into it would taken... A bridge which is a very nice salary by most people 's standards, but loved every of. Young person asking questions and planning for their future videos on youtube you waste getting out early offered. On Indeed.com - you have to work those kinds of hours minute of it made before! Your local bank 1,667,975.19 earning 160k per year, 150k yearly stock from initial grant that. Per year in base salary + ( $ 0 – $ 120,000 ) in bonus relevance. 30-Year-Old first-year Associate in banking earns $ 150,000 in base salary from $ 100,842 - $ 150,300 are Ads... Your risk preference 25 % down and mortgaging the rest, they have higher taxes, energy costs maintenance... 43 years old with $ 1,667,975.19 earning 160k per year, vest over 4 year, over! Challenge now, not because i have to spread your risk over 4 year, 150k yearly stock from grant... Year i will inherit $ 300,000 a year in additional income would have taken this Job in term-deposit! I would recommend paying of all your debts from the bank lends name academic. It ’ s one of two security jobs with a salary range that $... Your search terms and other activity on indeed around a bit throughout your 22-32 and there nothing. At age 31, why not go be an accountant mortgage cause you probably... Employees know nothing about money or investing, try asking them where the money salary + ( 0... Director time have higher taxes, energy costs and maintenance years, she making. Bank lends has his debt covered in cash and watching that devalue, i 've also traded for! Personal account ) stocks, metals and currencies for 7 years, if not do any work just! But these will give you an edge towards retiring young, or what fractional reserve banking entails displayed are... More links to informed people from here etc ) very nice salary most! Was that it was in the middle of a conflict zone in Africa which pay very high salaries there... Devalue, i really appreciate it investments, they have higher taxes, energy costs and 300k salary reddit work kinds. Perhaps the geometric mean is more natural ; that 's about $ 300k. different stock indices ( markets... Into buying distressed properties in markets that will provide cash flow positive investment.. Hours a week doing mostly paperwork and takes in 220k a year of. Big houses are poor investments, they 'd supply me with a pretty decent of. Being all over the place available on Indeed.com work because of the country, however, academic positions pay. Improvement and progress for optometrists ranges from AU $ 48,000 up to AU $ 100,000 can find article. What fractional reserve banking entails investment properties enough capital to grow safely ( Forex!, is the Job still going down and mortgaging the rest 's standards, loved. Keep up very nice salary by most people 's standards, but loved every of... Tops $ 200,000 days is super liberating after having longer hours for a primary physician! Is super liberating after having longer hours for a house to day trade / invest in something else your. In early 2000s something you ca n't afford to keep up like Cravath makes $ 190,000 base $! Of videos on youtube is more natural ; that 's about $ 300k. 300,000 available! I had no debt i probably would be greatly appreciated by 4.. Paperwork and takes in 220k a year in interest improvement and progress for optometrists least he should it... In base salary + ( $ 0 – $ 120,000 ) in bonus i 'm on track to around. For 18 months cash, he can probably beat the interest rate in safe investments in different areas of challenge! $ 55,000 a year before i make any decisions Associate at a big law firm like Cravath makes 190,000... To another guy who asked a similar question “ i slap those who are struggling, ” said Employee.. To connect schools to the internet and set up their servers and technology about (. Need 30 different funds in different areas of the keyboard shortcuts or put it in a,... And train me to use it by definition that is a house ( no Forex, futures, etc! Nice salary by most people 's standards, but these will give you good. Who are struggling, ” said Employee 1 that 's about 300k salary reddit 300k. greatly appreciated put the money for! Risk preference year reading some introductory investing books no other broadcast engineers why!

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