Message from @Ryan -NJ

Discord ID: 533467243799904266


2019-01-10 01:04:14 UTC  

historical data and the law of average dictates that we are near the peak of the cycle

2019-01-10 01:04:53 UTC  

I'd rather keep my money on the sidelines and wait for a really good deal to spring up and then buy

2019-01-10 01:05:33 UTC  

The way to get rich is to keep $10 million in your checking account in case a good deal comes along. - Charlie Munger.

2019-01-12 00:38:08 UTC  

What is a "good" starting salary right out of college?

2019-01-12 00:39:13 UTC  

That depends on profession, geographic location, private / public section, etc...

2019-01-12 00:40:15 UTC  

Cost of living and familial plans may dictate your impression of a “good” salary.

2019-01-12 00:42:06 UTC  

What are you studying?

2019-01-12 01:18:21 UTC  

computer science

2019-01-12 01:18:49 UTC  

but by "good" I don't mean "good for what I'm studying", I mean, "enough to live a comfortable life"

2019-01-12 01:19:01 UTC  

though I imagine that depends on region

2019-01-12 01:26:28 UTC  

That’s a worthwhile major. It’s useful across multiple industries. I work with a large technology company that does some CS / software engineering (in your general geographic area) that starts people around $60k -$70k

2019-01-12 01:28:16 UTC  

I’m sure there’s better and worse starting points, contingent on your internships, externships, experience, grades, focus, etc.

2019-01-12 01:56:33 UTC  

salary after 1 year for my school is $49,000

2019-01-12 01:59:03 UTC  

Seems “good” if you are a single guy with minimal commitments.

2019-01-12 02:01:56 UTC  

I am lol

2019-01-12 02:05:16 UTC  

I suggest reading The Millionaire Next Door. It gives wise guidance on frugality and living within ones means. Making a lot is irrelevant if a man can’t understand how to spend properly. There are men that make $250k per year but live paycheck to paycheck because they spend $245k per year. The key is making $50k (or $75k or $100k or $150k) but spending a fraction of it with the long game in mind.

2019-01-12 02:06:59 UTC  

ahaha ya I don't need to live like that

2019-01-12 02:07:20 UTC  

I'm more looking at this out of curiosity than anything

2019-01-12 02:07:27 UTC  

I don't need a super high standard of living

2019-01-12 02:07:34 UTC  

though it would be nice to have some extra money to fund IE

2019-01-12 02:08:22 UTC  

That’s the goal. Spend enough to live, and even live well, but have the discretionary funds to leave a legacy.

2019-01-12 02:09:13 UTC  

When do you graduate? How far are you from Portland?

2019-01-12 02:09:33 UTC  

I have this year plus one more, and I'm pretty far from Portland

2019-01-12 02:10:06 UTC  

I'm in the Spokane area

2019-01-12 02:10:23 UTC  

Fair enough. I’m here to help.

2019-01-12 02:10:42 UTC  

thanks

2019-01-12 02:11:22 UTC  

NP... I’ve been in business / tech / engineering a while. If and when you have questions I’m here.

2019-01-12 02:11:41 UTC  

Going into the job market can be a shaky experience.

2019-01-13 05:32:42 UTC  

>I don’t need a high standard of living

You need a high salary to attract a higher quality woman.

You need a higher salary to afford 6 children with a stay-at-home mother and avoiding public schooling.

You need a higher salary to achieve financial independence and provide a stable environment for your family.

You need a high salary to give more to causes that help our people.

A high salary isn’t about indulging in luxuries, it’s about ambition and providing for others.

2019-01-13 05:33:58 UTC  

The Millionaire Next Door is excellent and accurate.

2019-01-13 05:36:05 UTC  

$49,000 with a comp sci degree is unacceptable. Average starting should be $60,000+. The data is easily found online.

2019-01-13 05:36:23 UTC  

ya I did find that data online

2019-01-13 05:36:28 UTC  

that's the median for my school

2019-01-13 05:39:55 UTC  

@Tanner - SC Agreed. The starting salary should be much higher, especially is a decent metro area. Cost of living in his area may be one offset to the initial starting salary.

2019-01-13 06:03:59 UTC  

Eastern Washington is super cheap cost of living

2019-01-13 06:04:03 UTC  

my rent is 470

2019-01-13 12:49:22 UTC  

Me and my bf did the math. We can pretty easily live off an 80k salary to with 5-6 kids while I stay at home. You just need to DIY everything and never buy anything new. But we’re planning on homesteading so I don’t know if that budget is applicable to you.

2019-01-17 01:16:38 UTC  

Guys, do we have any accountants who are looking for clients?

2019-01-21 22:13:36 UTC  

Tyler, you can message me if you’d like to discuss.

2019-01-22 01:44:26 UTC  
2019-01-22 01:51:14 UTC