24 yo making $100K

[BlueWeasel]

Originally posted by: Engineer
I'm going to Disney World next week and spend, spend...speeeeennnnnddddddd! 😱

WTF? Are you sick? Please be sure and remind us next week how you've contributed the maximum amount of $14K into your 401k for 2005. Some of us may have forgotten. 😀

 

[Engineer]

Originally posted by: BlueWeasel

Originally posted by: Engineer
I'm going to Disney World next week and spend, spend...speeeeennnnnddddddd! 😱

WTF? Are you sick? Please be sure and remind us next week how you've contributed the maximum amount of $14K into your 401k for 2005. Some of us may have forgotten. 😀

LOL. But I contributed ZERO to my and my wife's Roth IRA's! 🙁

(Because I was too busy paying off the HOUSE AND CAR!!! Buwhahahah! :evil::laugh: )

 

[IamElectro]

Originally posted by: vi_edit
Pharmacist.

I concur

 

[SampSon]

Originally posted by: Descartes

Originally posted by: SampSon

Originally posted by: Descartes
Just trying to express the fact that it's not that uncommon, and if that's what you want out of life you could do the same. Noting the fact that I have similarly-aged colleagues with similar incomes hardly does anything for my ego.

I actually don't really have much an ego, and I really shouldn't have said what I said. It's tacky. I apologize.

It's ok, you mention it in every income thread. 😀

100K is fairly standard for mid 20's people in NYC.

All lies! 😀

I don't think I've ever actually stated an amount, but even then it was in a thread where it was specifically asked to list it. I try to keep it in the right place. If I didn't I certainly will going forward.

:thumbsup:

You didn't state an amount here either. 😉 I personally don't care how much you make, the only numbers I care about are my own!

Originally posted by: Engineer

Originally posted by: BlueWeasel
At least he isn't as bad as Engineer...I'm tired of hearing about the house and the car. 😉

How about maxing out all of the retirement accounts then? 😛

Buwhahahahahahahahah! 😀

I'm going to Disney World next week and spend, spend...speeeeennnnnddddddd! 😱

Engineer doesn't seem to have a life, so he must talk about the car and house! 😉 😀

You need some other investment options if you're maxxing your retirement accounts. Why arn't you dumping incredible amounts into investments? They will most likely give you a better return on your money than your house. But to each their own.

Also, disney world? You got a bunch of extra cash and you pick disney world? Disney is fun, but there has to be something umm, funner!

Originally posted by: loup garou

Originally posted by: SampSon
It's ok, you mention it in every income thread. 😀

100K is fairly standard for mid 20's people in NYC.

Somebody needs to tell my boss that! :Q

Whoops, forgot to say; "100K is fairly standard for skilled mid 20's people in NYC". 😉

 

[Caveman]

Originally posted by: notfred
Getting a $100,000 job with a master's degree in engineering or something and some experience shouldn't really be that hard.

Think again... A masters in Engineering *might* get you a 3-5% pay raise in a small company, and a 5-8% increase in a large company over others with a BS. Overall "performance" in engineering is much more important than advanced degrees when it comes to compensation. It's how you apply what you know, not what you know...

And... 100k for a starting engineer/scientist is not reality... Maybe someone with 10 years of experience living in CA... But... remember, that's essentially like 60-70K everywhere else due to the high cost of living...

 

[Engineer]

Originally posted by: SampSon
Why arn't you dumping incredible amounts into investments? They will most likely give you a better return on your money than your house. But to each their own.

Also, disney world? You got a bunch of extra cash and you pick disney world? Disney is fun, but there has to be something umm, funner!

The extra investments have already been started! 😀 Had a 7% mortgage which isn't a bad return consider the last few years. Now the market can run wildly to the upside as I invest more into it! 😀

As for Disney, only one day in the park. Staying at the Disney Resort (for the kids) and running around Orlando while not speeping by the pool. Also, our 15th wedding anniversary next week to celebrate...woooohoooo! 😀


I have a life...work then home....rinse and repeat! 🙁

By the way, are all of you 20 somethings investing some of that big paycheck that you're making? If not, you should (and I don't mean invest it all. You can still spend and play, just save some of it! 🙂 )

 

[ghostman]

Originally posted by: IamElectro

Originally posted by: vi_edit
Pharmacist.

I concur

As do I. $100K is exactly the going rate for pharmacists in NYC. And that's immediate after graduation. It's also possible for someone in ibanking to get that, but you'd technically only make about $70K in salary and the rest in a giant $25K+ bonus.

With that said, yes, $100K is still a hell of a lot of money for a 24 year old to make in NYC. Unless you live in Manhattan and insist on drinking Starbucks, taking taxis and eating out all the time, a person making $35K could probably make it in NYC.

 

[imported_KuJaX]

$100k is a lot of money for 24 years old, but definately isnt "unrealistical". It is all about commitment, motivation and sacrifice.

 

[spidey07]

In all honesty that could be any entry level position in New York. I knew PC support guys making that and still struggling to put a roof over their head.

 

[JLGatsby]

Originally posted by: ghostman
With that said, yes, $100K is still a hell of a lot of money for a 24 year old to make in NYC. Unless you live in Manhattan and insist on drinking Starbucks, taking taxis and eating out all the time, a person making $35K could probably make it in NYC.

You need to learn a bit about rent prices in NYC. You cannot live in Manhattan on $35k unless you live in a 200 square foot (yes two hundred, not an exaggeration) studio apartment eating ramen.

 

[Descartes]

Originally posted by: ghostman

Originally posted by: IamElectro

Originally posted by: vi_edit
Pharmacist.

I concur

As do I. $100K is exactly the going rate for pharmacists in NYC. And that's immediate after graduation. It's also possible for someone in ibanking to get that, but you'd technically only make about $70K in salary and the rest in a giant $25K+ bonus.

With that said, yes, $100K is still a hell of a lot of money for a 24 year old to make in NYC. Unless you live in Manhattan and insist on drinking Starbucks, taking taxis and eating out all the time, a person making $35K could probably make it in NYC.

Honestly, I don't know now how anyone makes it on $35k in any urban setting. You're not likely to find a decent place for anything < $1000 in any of your larger cities, and even then you're asking for a lot. Throw in a car, food, etc. and you're borrowing someone else's pot to piss in.

Kudos to those that make it work.

 

[Eli]

Originally posted by: Descartes
I make more than twice that at 25.

</ego>

$100k is a nice income, but not as uncommon for 20-somethings as a lot of people might think. I work with probably two dozen 20-somethings that make more than that. Just have to have marketable ability and the ability to market it.

Damn.

 

[GrammatonJP]

I know the people that makes 35k and live in the city.. they're the cheapest A$$ in the whole world.. showing up the bachelorette party with a $80 microwave oven split by 7 people. Giving 60 bucks at a wedding for 2 people.. (30/piece). Yeah you can live off 35k in the city.. ur also hated by all ur friends..

 

[Eli]

Originally posted by: Descartes

Originally posted by: ghostman

Originally posted by: IamElectro

Originally posted by: vi_edit
Pharmacist.

I concur

As do I. $100K is exactly the going rate for pharmacists in NYC. And that's immediate after graduation. It's also possible for someone in ibanking to get that, but you'd technically only make about $70K in salary and the rest in a giant $25K+ bonus.

With that said, yes, $100K is still a hell of a lot of money for a 24 year old to make in NYC. Unless you live in Manhattan and insist on drinking Starbucks, taking taxis and eating out all the time, a person making $35K could probably make it in NYC.

Honestly, I don't know now how anyone makes it on $35k in any urban setting. You're not likely to find a decent place for anything < $1000 in any of your larger cities, and even then you're asking for a lot. Throw in a car, food, etc. and you're borrowing someone else's pot to piss in.

Kudos to those that make it work.

3k a month gross?

Damn, what the hell would I do with all that extra money? lol.....

 

[Eli]

Originally posted by: GrammatonJP
I know the people that makes 35k and live in the city.. they're the cheapest A$$ in the whole world.. showing up the bachelorette party with a $80 microwave oven split by 7 people. Giving 60 bucks at a wedding for 2 people.. (30/piece). Yeah you can live off 35k in the city.. ur also hated by all ur friends..

😕

I won't even say how much I make then, lol

 

[Feldenak]

Originally posted by: Eli

Originally posted by: Descartes

Originally posted by: ghostman

Originally posted by: IamElectro

Originally posted by: vi_edit
Pharmacist.

I concur

As do I. $100K is exactly the going rate for pharmacists in NYC. And that's immediate after graduation. It's also possible for someone in ibanking to get that, but you'd technically only make about $70K in salary and the rest in a giant $25K+ bonus.

With that said, yes, $100K is still a hell of a lot of money for a 24 year old to make in NYC. Unless you live in Manhattan and insist on drinking Starbucks, taking taxis and eating out all the time, a person making $35K could probably make it in NYC.

Honestly, I don't know now how anyone makes it on $35k in any urban setting. You're not likely to find a decent place for anything < $1000 in any of your larger cities, and even then you're asking for a lot. Throw in a car, food, etc. and you're borrowing someone else's pot to piss in.

Kudos to those that make it work.

3k a month gross?

Damn, what the hell would I do with all that extra money? lol.....

I couldn't make it in NYC on what I'm making in Birmingham. I'm a relatively new graduate (1 year in May) with a degree that's regularly ridiculed here (MIS) and converting my salary into NYC dollars would be nearly $100k. So, yeah, pulling in that kind of monthly gross would be nice but you've got to consider how much more expensive the COL is in NYC.

 

[nageov3t]

Originally posted by: JLGatsby

Originally posted by: ghostman
With that said, yes, $100K is still a hell of a lot of money for a 24 year old to make in NYC. Unless you live in Manhattan and insist on drinking Starbucks, taking taxis and eating out all the time, a person making $35K could probably make it in NYC.

You need to learn a bit about rent prices in NYC. You cannot live in Manhattan on $35k unless you live in a 200 square foot (yes two hundred, not an exaggeration) studio apartment eating ramen.

if you live in Manhattan.

working in Manhattan =! living in Manhattan, though... just on the other side of the river, I pay $1,150/month living in a spacious 2 bedroom apartment with a decent view. I could easily commute into Manhattan from my apartment. I make ~$40K and don't face much financial hardship (I'm not buying a new car every year or anything, but I'm not living paycheck to paycheck either).

I could probably find a decent 1-bedroom in the $700-$900/month range if I had to.

 

[Black88GTA]

Originally posted by: GrammatonJP
I know the people that makes 35k and live in the city.. they're the cheapest A$$ in the whole world.. showing up the bachelorette party with a $80 microwave oven split by 7 people. Giving 60 bucks at a wedding for 2 people.. (30/piece). Yeah you can live off 35k in the city.. ur also hated by all ur friends..

So...you hate your "friends" who are less financially stable than yourself because they can't afford to spend a lot of money on gifts for you? :roll::roll::roll:

Real friends don't give a $hit about gifts you get (or don't get) for them. That's not what true friendship is about. Honestly, it's kind of sad that you think friendships are based solely on money.

 

[SCSIfreek]

gross income of 100K isn't much....especially in a big city. Even 200K is barely enough to pay for mortgage and your kid's expense. Its hard for us californian..........with the housing market going crazy 🙁.

--Scsi

 

[mugs]

Originally posted by: Black88GTA

Originally posted by: GrammatonJP
I know the people that makes 35k and live in the city.. they're the cheapest A$$ in the whole world.. showing up the bachelorette party with a $80 microwave oven split by 7 people. Giving 60 bucks at a wedding for 2 people.. (30/piece). Yeah you can live off 35k in the city.. ur also hated by all ur friends..

So...you hate your "friends" who are less financially stable than yourself because they can't afford to spend a lot of money on gifts for you? :roll::roll::roll:

Real friends don't give a $hit about gifts you get (or don't get) for them. That's not what true friendship is about. Honestly, it's kind of sad that you think friendships are based solely on money.

Haha... yeah I have to agree with you there Black88GTA... That $60 wedding gift was probably a bigger financial stretch for them than the people who gave $100-200.

 

[Feldenak]

Originally posted by: Black88GTA

Real friends don't give a $hit about gifts you get (or don't get) for them. That's not what true friendship is about. Honestly, it's kind of sad that you think friendships are based solely on money.

Well said.:thumbsup:

 

[tami]

Originally posted by: GrammatonJP
I know the people that makes 35k and live in the city.. they're the cheapest A$$ in the whole world.. showing up the bachelorette party with a $80 microwave oven split by 7 people. Giving 60 bucks at a wedding for 2 people.. (30/piece). Yeah you can live off 35k in the city.. ur also hated by all ur friends..

i don't live far from you, and i'd love to go to westchester (i drive through there every day to get to work) to slap you upside the head.

that said, did you know that approximately 30% of westchester cannot feed themselves on a regular basis? click here for statistics.

let me tell you something. i lived on about that amount in the city and it was not that easy if i wanted to pay my basic bills and rent (and i didn't live in a very expensive apartment either). since you live outside the city, though, i can imagine that your rent is significantly cheaper so your quality of living is a bit better and you have more money for leisure while your city friends do not.

you are spoiled. i hope you get $5 presents from all your friends when (if) you get married.

 

[CrazyDe1]

I know several people who make over 100k at under 25.

They fall into several categories:

1. Do their own contracting work
2. Self employed
3. Mortgage banking
4. This one is kind of rare but design engineer with a masters

 

[Dessert Tears]

Originally posted by: puffff
24 yr old? seems like he's a 3rd year analyst, on track to become an associate and really start raking it in.

I think a 2nd year analyst who doesn't suck and isn't unlucky enough to be in a bad sector could clear $100K for 2005 bonus + expected 2006 wage. I sort of suspect that he rounded up from as low as $90K since $100K is the magical "6 figs."

 

[ManSnake]

When I grow up I want to make $5.50 an hour!