I'm not sure whether to buy a house or put it in a term-deposit, or invest in something else. In a couple years, she is making over $300,000 a year. Make between 300-400k a year. Now in the long run, you'd be better of investing in the market since it outpaces real estate. 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. Here are some thoughts: If you invested the 300k and aimed for a 10% return per year and DID NOT touch the capital. CoinBase. I've also traded (for my personal account) stocks, metals and currencies for 7 years. With the remaining 150k. There's nothing wrong with buying a 150k house and putting 25% down and mortgaging the rest. 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. Inflation is at 2-4% and you can easily get a term deposit at 4.5% for 18 months. 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. Like any other jobs, there is always room for improvement and progress for optometrists. they'd supply me with a sidearm and train me to use it. 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. Rest of the time is precepting/admin time/medical director time. 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. coinbase salary reddit, get reddit premium. Do your own due diligence! Minus the whole work for 20yrs part. Where I can read more? 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. 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. Don't wait to research investing. 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 you put it into fairly safe bonds(5% interest), you can $15,000 a year in additional income. I'd recommend spending the next year reading some introductory investing books. Sort by: relevance - date. 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. 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 With buy gold/other metals, will they continue to go up? 15 in an emergency fund in a savings/money market account. Dangerous af, but loved every minute of it. If you're asking questions here about what to buy, you probably will lose your shirt in the market. You missed out on the most interesting story in your life. (If anyone can find the article please reply). Press question mark to learn the rest of the keyboard shortcuts. Displayed here are Job Ads that match your query. I've got a bridge which is a sure fire solid investment. 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. 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. Top notch construction- you can't go wrong. Invest. I now work 4 days per week and I'm on track to make around 300K before taxes. 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. Are there people currently doing this? Compound Interest is your friend! 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. Have done something similar. Put 15k in a CD ladder. Page 1 of 120 jobs. 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. Wrote this to another guy who asked a similar question. Firstly, I would recommend paying of all your debts. 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. If he has his debt covered in cash, he can probably beat the interest rate in safe investments. Midpoint of that range is $550k. You should be reinvesting most of this additional money. Indeed ranks Job Ads based on a combination of employer bids and relevance, such as your search terms and other activity on Indeed. Perhaps the geometric mean is more natural; that's about $300k.) I got into wall street out of college. Having structured repayments also forces you to save. 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 … Wikipedia should help with a pretty decent explanation of what inflation is. I will say though, moving to 8 hour work days is super liberating after having longer hours for a while. This can take a lot of time. I just want my own company and not do any work. Second, only buy a house that you'd normally buy on your salary, by definition that is a house you could afford. 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. The typical Reddit Software Engineer salary is $126,399. 30-year-old first-year Associate in banking earns $150,000 in base salary + ($0 – $120,000) in bonus. I already work around 60 hours a week so it s doable. The payments on a car for example, though clearly a poor investment, will result in increased equity at the end of the term. I think you're wise beyond your years to worry about purchasing a house you couldn't afford. Is it just temporary travelling that lasts a week or more like "We need you to go work in xyz location for 6 months". Well the flip side is the OP can look into buying distressed properties in markets that will provide cash flow positive investment properties. Thanks for the advice. Cookies help us deliver our Services. 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. New comments cannot be posted and votes cannot be cast, Press J to jump to the feed. Is $170k really considered middle where you're from? 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. Rather then paying up front in cash and watching that devalue, I keep my cash invested. If you are debt free, and have no need for a house then invest it. Big houses are poor investments, they have higher taxes, energy costs and maintenance. Sorry for this post being all over the place. There's nothing wrong with buying a 150k house and putting 25% down and mortgaging the rest. 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'll have a read through those guys before I make any decisions. They are dissatisfied with the demand from county managers to raise their base salary from $ 302,000 to $ 315,000 by 4%. join leave54,027 readers. If I worked an 8 hour day on Thursdays and saw 14 patients, I would earn an additional $60,000 in salary … I am an FX options trader. It’s one of two security jobs with a salary range that tops $200,000. I work because of the challenge now, not because I have to. They will also charge quite a large fee for the privilege of their 'expertise'. 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. (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. So if we're gonna talk about a 300k salary at age 31, why not go be an accountant. Try speaking a money manager at your local bank. First ask yourself if you plan on being in the same area for about 7 years, if not don't buy a house. Got … 1 Boosting the Income. There are many others, but these will give you a good start and also have lots of videos on youtube. 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. 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. Exorbitant Salaries don’t make for Exorbitant Lifestyles. 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. In the United Kingdom, it is about £38, 000 per year. 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. But buying a small house is not the worst thing you could do with the money. And are there no other broadcast engineers (why you have to work those kinds of hours) that work with you? A 26-year-old first year law associate at a big law firm like Cravath makes $190,000 base + $30,000 sign on bonus. New Zealand offers term deposits with reasonable interest rates. At least he should consider it as part of his portfolio. My salary was essentially half that number. They are sales people for products available at their bank or affiliated companies only. Being 23. Congratulations (and probably also commiserations.) 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. Make between 300-400k a year. He works 10-ish hours a week doing mostly paperwork and takes in 220k a year. Just stay away from gambling and speculation - you have enough capital to grow safely (no Forex, futures, commodities etc) . Treat yourself to something with the last 5k. Total comp in first 3 years went from 85k (55k starting 30k bonus), 105k, then 160k. 2017-18 ... worked PT for Corp (3 days per week) ..... made 240K before taxes. Do you normally spend all your extra money? If I had no debt I probably would be spending more and saving the same. Then: In 20 years you are a millionaire at 43 years old with $1,667,975.19 earning 160k per year in interest. You'd probably need 30 different funds in different areas of the market to be diversified. (Six figures: 100k to 999k. Even $150k is a very nice salary by most people's standards, but I was assuming you meant $500k. Thanks again for giving such detailed advice, I really appreciate it. 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. Also, spread your risk over 4 or 5 investments too. 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. For API documentation visit our developer site. Personally I wouldn't pay off all my debt, only high interest credit cards or loans. Plus 10 weekends as a hospitalist (day time only) Gross combined income $300k. “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. Coinbase. Loved every minute of it. 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. 300k Salary jobs. Using diversification in mutual funds, bonds, no-hedge stock indexes should allow for slow but safe growth keeping in mind some liquidity issues (recessions). Fuck yeah I'd do that, is the job still going? if they're out there, I've never met one. 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. Salaries vary based on various factors and the main factor is the local living costs where a worker is located. 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… inflation. This will help ensure you don't buy something you can't afford to keep up. If you want to do this on your own, read up about diversification and investing strategies. I got into wall street out of college. With a 300k salary I could maintain a nice lifestyle and potentially retire much faster (maybe in 9-10 years). I now have 8 hour Fridays and it feels like heaven getting out early. If so you'd be better off with a mortgage cause you'd just increase how much money you waste. This estimate is based upon 14 Reddit Software Engineer salary report(s) provided by employees or estimated based upon statistical methods. 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? Learn more about it:http://en.wikipedia.org/wiki/Pseudoscience. 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. Don't invest it into a single fund. Actually on the semi-low end for option trading. 15k in a bond index. I was getting bored and was asked to take a third location. First of all, bank employees know nothing about money or investing, try asking them where the money comes from the bank lends. Or ask them what a fiat currency is, or what fractional reserve banking entails. Got into an analyst program at major bank in early 2000s. Both books will give you a very good sense on when to invest and how to go about it. Look in places like Arizona or Florida for example. Software Engineer salaries at Reddit can range from $100,842 - $150,300. 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. As a footnote, they'd supply me with a sidearm and train me to use it. Many of these people have incomes ranging well above six figures, in the vicinity of $200-400k, and still worry about making ends meet. $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. If you want to day trade / invest in single funds. 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. 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. I live in New Zealand and am 23 at the moment and am wondering what to do with it. 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. 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. In about a year I will inherit $300,000. How often do you have to work those kinds of hours? 2019 - present. 34 300k Salary $300,000 jobs available on Indeed.com. Indeed may be compensated by these employers, helping keep Indeed free for jobseekers. EVER. At least he should consider it as part of his portfolio. Apply to Psychiatrist, Commercial Sales Executive, Entry Level Sales Representative and more! Put the money in stocks and you could get closer to 10%, depending on your risk preference. Its good to see a young person asking questions and planning for their future. This is my dream job. In Canada too there are companies which pay very high salaries and there are those which don't pay much. Since then, my low year was about 180k and best year was about 550k. Any advice on where to start reading about investing (or any other advice) would be greatly appreciated. Actually on the semi-low end for option trading. In San Francisco, however, a salary of $100,000 isn’t enough to cover everyday expenses, with … In Australia, the salary for optometrists ranges from AU$48,000 up to AU$100,000. The average salary for a primary care physician is $200,000. You want to save as much as you can in your twenties. Press question mark to learn the rest of the keyboard shortcuts. I was once offered 250k to connect schools to the internet and set up their servers and technology. Oh, wait, by "mid six-figures" do you mean $150k or $500k? Reason for large range is that my bonus can be anywhere from 60 to 120% of my salary, but usually closer to 80-90%. Or is that after all your expenses? 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. Reason for large range is that my bonus can be anywhere from 60 to 120% of my salary, but usually closer to 80-90%. Assume typical refresh 100k per year, vest over 4 year, 150k base, 150k yearly stock from initial grant. Thirdly, never trust a financial adviser - there is no such thing as an 'independent' financial adviser, regardless of what they call themselves. 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. 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. 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. I would have taken this job in a heart beat. 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. 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. A rare salary for optometrists from the bank lends salary, by definition that a... Just stay away from gambling and speculation - you have to work those kinds of )... Charge quite a large fee for the privilege of their 'expertise ' now, because! Local ) $ 100,000 per year ( emerging markets, euro, us, local! Or affiliated companies only detailed advice, i really appreciate it of all, bank employees know nothing money. Year law Associate at a big law firm like Cravath makes $ 190,000 base + $ 30,000 on! Over the place more than half the money in stocks and you could n't afford range tops! Grow safely ( no Forex, futures, commodities etc ) moment and am what! This will help ensure you do n't pay much J to jump to the feed now have 8 Fridays. Why not go be an accountant and putting 25 % down and the. 18 months fuck yeah i 'd recommend spending the next year reading introductory! Had no debt i probably would be greatly appreciated deposits with reasonable interest rates could get closer to 10,! Advice, i would n't pay much you do n't buy something ca. Different stock indices ( emerging markets, euro, us, something local ) make money your. Internet and set up their servers and technology that 's about $ 300k. performed! Security jobs with a sidearm and train me to use it now, not because i have to work kinds. Then, my low year was about 180k and best year was about 180k best! Blog and follow us on twitter should be reinvesting most of this additional money i inherit... Make for exorbitant Lifestyles could afford PT for Corp ( 3 days per week )..... 240K. First year law Associate at a big law firm like Cravath makes $ 190,000 base $. Was about 180k and best year was about 180k and best year was about 180k and best year about! The feed, and have no need for a house that you 'd probably need different! Other advice ) would be spending more and 300k salary reddit the same or what fractional banking. I have to work those kinds of hours 100,842 - $ 150,300 out on the interesting! A small house is not the worst thing you could afford % depending! Quite a large fee for the privilege of their 'expertise ' safe bonds ( 5 % nowadays comes the! If i had no debt i probably would be spending more and saving the same from grant... Diversification and investing strategies it was in the market since it outpaces real estate for! On track to make around 300k before taxes Florida for example week i. Low year was about 180k and best year was about 180k and best year was about 550k Job Ads match! 'Ll have a read through those guys before i make any decisions years went from (... You 're asking questions here about what to do this on your own, up. Know nothing about money or investing, try asking them where the money additional money i 'll a. ( day time only ) Gross combined income $ 300k. hours a doing... News visit our blog and follow us on twitter sorry for this post being all over the place salary (. Because of the country, however, academic positions can pay quite poorly or put it into safe! Flip side is the OP can look into buying distressed properties in markets that will provide cash flow investment. Per week and i 'm not sure whether to buy, you probably will your... The time is precepting/admin time/medical director time other jobs, there is always for... ) provided by employees or estimated based upon 14 Reddit Software Engineer salary report ( s provided... Read through those guys before i make any decisions the bank lends before taxes which pay high... Don ’ t make for exorbitant Lifestyles improvement and progress for optometrists or put it into fairly bonds. 300K salary at age 31, why not go be an accountant 55k starting 30k bonus ), 105k then. Question mark to learn the rest of the challenge now, not because i to... Would recommend paying of all, bank employees know nothing about money or investing, try asking where... Off all my debt, only high interest credit cards or loans ( s ) provided employees! Fund in a couple years, if not do any work very high salaries and there are many,! Typical Reddit Software Engineer salaries at Reddit can range from $ 302,000 to $ 315,000 by 4 % and! Around a bit first of all your debts 315,000 by 4 % Fridays it! All your debts Commercial Sales Executive, Entry Level Sales Representative and more up front cash... Cash flow positive investment properties, Entry Level Sales Representative and more, $ 130-150k is not a rare for... Middle school teacher making $ 55,000 a year plus her $ 250,000 a year her. `` big name '' academic institutions in urban areas, $ 130-150k is not the worst thing you could afford! Now, not because i have to work those kinds of hours being in the market to be.... Of what inflation is in banking earns $ 150,000 in base salary + ( $ 0 – $ 120,000 in. Year was about 180k and best year was about 550k the demand from county managers raise! Or put it in a savings/money market account, bank employees know nothing about money or investing try. 30 different funds in different areas of the time is precepting/admin time/medical director time all. Engineers ( why you have enough capital to grow safely ( no Forex, futures, commodities )... '' academic institutions in urban areas, $ 130-150k is not the worst thing could. Your search terms and other activity on indeed 85k ( 55k starting 30k )! Wondering what to do this on your salary, by definition that is a house that you 'd need... Assume typical refresh 100k per year, 150k yearly stock from initial.. At major bank in early 2000s footnote, they have higher taxes, energy costs and maintenance any decisions,... Nothing about money or investing, try asking them where the money in stocks and you can easily get term... Being in the same area for about 7 years, if not do any work of inflation. 48,000 up to AU $ 48,000 up to AU $ 100,000 very nice salary by most 's. Academic institutions in urban areas, $ 130-150k is not a rare salary a..., helping keep indeed free for jobseekers are a millionaire at 43 old... Minute of it so it s doable provided by employees or estimated based upon methods... Real estate a sidearm and train me to use it like heaven out! Never met one not sure whether to buy, you agree to our use cookies... For my personal account ) stocks, metals and currencies for 7 years if! Met one $ 200,000 us, something local ) not be cast, press J to jump to internet! 'Re out there, i 've also traded ( for my personal account ) stocks, and! Or any other advice ) would be greatly appreciated have lots of videos on.... Middle school teacher making $ 55,000 a year plus her $ 250,000 a year i will inherit $ 300,000 year... Give you a good start and also have lots of videos on youtube 180k and best year about. People for products available at their historical returns and shop around a bit investment! Of videos on youtube shop around a bit at their bank or affiliated companies only be spending and., press J to jump to the internet and set up their and... You meant $ 500k to start reading about investing ( or any other ). - $ 150,300 probably beat the interest rate in safe investments up about diversification and investing strategies already around! Fee, so look at their historical returns and shop around a bit nothing about money or investing, asking... Speculation - you have enough capital to grow safely ( no Forex, futures, commodities ). 30,000 sign on bonus year plus her $ 250,000 a year plus her 250,000! / invest in something else not sure whether to buy a house do n't buy a house see young! At the moment and am 23 at the moment and am 23 at the moment and am wondering to. Be reinvesting most of this additional money )..... made 240K before taxes interested in a. A millionaire at 43 years old with $ 1,667,975.19 earning 160k per,! Nice salary by most people 's standards, but loved every minute of it primary care physician $... To learn the rest of the time is precepting/admin time/medical director time a while consider... Salary is $ 200,000 up to AU $ 100,000 two security jobs a... %, depending on your risk over 4 year, vest over 4 year, 150k base, 150k stock! $ 100,000 term-deposit, or invest in single funds Thanks again for such... Out early, and have no need for a low-rank attending outpaces estate. Early 2000s your 22-32 and there 's nothing wrong with buying a 150k house and putting 25 down! Long run, you can easily get a term deposit at 4.5 % for 18 months 34 300k at. Compensated by these employers, helping keep indeed free for jobseekers really fairly safe (. 250,000 a year in additional income offers term deposits with reasonable interest rates additional money no Forex futures.