if they're out there, I've never met one. In other areas of the country, however, academic positions can pay quite poorly. I'd recommend spending the next year reading some introductory investing books. 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. I would have taken this job in a heart beat. 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. Displayed here are Job Ads that match your query. 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. Is it just temporary travelling that lasts a week or more like "We need you to go work in xyz location for 6 months". 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. 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. Just stay away from gambling and speculation - you have enough capital to grow safely (no Forex, futures, commodities etc) . PM me! Put the money in stocks and you could get closer to 10%, depending on your risk preference. 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. Reason for large range is that my bonus can be anywhere from 60 to 120% of my salary, but usually closer to 80-90%. Fuck yeah I'd do that, is the job still going? I was collecting between 500-600K. Press question mark to learn the rest of the keyboard shortcuts. Both books will give you a very good sense on when to invest and how to go about it. If so you'd be better off with a mortgage cause you'd just increase how much money you waste. Having structured repayments also forces you to save. Firstly, I would recommend paying of all your debts. Here are some thoughts: If you invested the 300k and aimed for a 10% return per year and DID NOT touch the capital. Well the flip side is the OP can look into buying distressed properties in markets that will provide cash flow positive investment properties. Press question mark to learn the rest of the keyboard shortcuts. 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 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%. There's nothing wrong with buying a 150k house and putting 25% down and mortgaging the rest. Many of these people have incomes ranging well above six figures, in the vicinity of $200-400k, and still worry about making ends meet. Plus 10 weekends as a hospitalist (day time only) Gross combined income $300k. 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. Don't invest it into a single fund. First of all, bank employees know nothing about money or investing, try asking them where the money comes from the bank lends. How often do you have to work those kinds of hours? 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. 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 really fairly safe bonds that yield 5% nowadays? About 24 hours clinical time. Treat yourself to something with the last 5k. They are dissatisfied with the demand from county managers to raise their base salary from $ 302,000 to $ 315,000 by 4%. I now have 8 hour Fridays and it feels like heaven getting out early. At least he should consider it as part of his portfolio. Wrote this to another guy who asked a similar question. Invest. You're wise to start now. I'm not sure whether to buy a house or put it in a term-deposit, or invest in something else. I've got a bridge which is a sure fire solid investment. Total comp in first 3 years went from 85k (55k starting 30k bonus), 105k, then 160k. Perhaps the geometric mean is more natural; that's about $300k.) Got into an analyst program at major bank in early 2000s. 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. I'll have a read through those guys before I make any decisions. Don't wait to research investing. Do you normally spend all your extra money? Personally I wouldn't pay off all my debt, only high interest credit cards or loans. Oh, wait, by "mid six-figures" do you mean $150k or $500k? they'd supply me with a sidearm and train me to use it. Loved every minute of it. 30-year-old first-year Associate in banking earns $150,000 in base salary + ($0 – $120,000) in bonus. For API documentation visit our developer site. 34 300k Salary $300,000 jobs available on Indeed.com. 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. Got … By using our Services or clicking I agree, you agree to our use of cookies. 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. Actually on the semi-low end for option trading. 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. Have done something similar. 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. Dangerous af, but loved every minute of it. Look in places like Arizona or Florida for example. There's nothing wrong with buying a 150k house and putting 25% down and mortgaging the rest. Rest of the time is precepting/admin time/medical director time. Rather then paying up front in cash and watching that devalue, I keep my cash invested. 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? Using diversification in mutual funds, bonds, no-hedge stock indexes should allow for slow but safe growth keeping in mind some liquidity issues (recessions). 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. Or is that after all your expenses? 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. 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. coinbase salary reddit, get reddit premium. 2019 - present. EVER. (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. * A 26-year-old middle school teacher making $55,000 a year plus her $250,000 a year VP of marketing wife Compound Interest is your friend! Even $150k is a very nice salary by most people's standards, but I was assuming you meant $500k. I am an FX options trader. 15 in an emergency fund in a savings/money market account. CoinBase. Such a huge capital wisely invested will surely give you an edge towards retiring young. They are sales people for products available at their bank or affiliated companies only. Thirdly, never trust a financial adviser - there is no such thing as an 'independent' financial adviser, regardless of what they call themselves. Apply to Psychiatrist, Commercial Sales Executive, Entry Level Sales Representative and more! Or ask them what a fiat currency is, or what fractional reserve banking entails. I got into wall street out of college. I now work 4 days per week and I'm on track to make around 300K before taxes. Exorbitant Salaries don’t make for Exorbitant Lifestyles. 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. You want to save as much as you can in your twenties. join leave54,027 readers. Minus the whole work for 20yrs part. And are there no other broadcast engineers (why you have to work those kinds of hours) that work with you? Top notch construction- you can't go wrong. In a couple years, she is making over $300,000 a year. 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. This estimate is based upon 14 Reddit Software Engineer salary report(s) provided by employees or estimated based upon statistical methods. “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. 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. Second, only buy a house that you'd normally buy on your salary, by definition that is a house you could afford. The average salary for a primary care physician is $200,000. Are there people currently doing this? $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. 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. Software Engineer salaries at Reddit can range from $100,842 - $150,300. 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. 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. If he has his debt covered in cash, he can probably beat the interest rate in safe investments. Any advice on where to start reading about investing (or any other advice) would be greatly appreciated. If you are debt free, and have no need for a house then invest it. I was once offered 250k to connect schools to the internet and set up their servers and technology. Since then, my low year was about 180k and best year was about 550k. New Zealand offers term deposits with reasonable interest rates. 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. I got into wall street out of college. Sort by: relevance - date. 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. Page 1 of 120 jobs. At least he should consider it as part of his portfolio. So if we're gonna talk about a 300k salary at age 31, why not go be an accountant. Indeed ranks Job Ads based on a combination of employer bids and relevance, such as your search terms and other activity on Indeed. 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. You make money throughout your 22-32 and there's no debt. Where I can read more? 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. 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. As a footnote, they'd supply me with a sidearm and train me to use it. Try speaking a money manager at your local bank. Make between 300-400k a year. You should be reinvesting most of this additional money. With a 300k salary I could maintain a nice lifestyle and potentially retire much faster (maybe in 9-10 years). My salary was essentially half that number. 100k in 3-4 different stock indices (emerging markets, euro, us, something local). With the remaining 150k. I was getting bored and was asked to take a third location. 2017-18 ... worked PT for Corp (3 days per week) ..... made 240K before taxes. Now in the long run, you'd be better of investing in the market since it outpaces real estate. Wikipedia should help with a pretty decent explanation of what inflation is. Assume typical refresh 100k per year, vest over 4 year, 150k base, 150k yearly stock from initial grant. 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? (If anyone can find the article please reply). If you want to day trade / invest in single funds. I work because of the challenge now, not because I have to. Being 23. You'd probably need 30 different funds in different areas of the market to be diversified. Indeed may be compensated by these employers, helping keep Indeed free for jobseekers. They probably charge a management fee, so look at their historical returns and shop around a bit. He works 10-ish hours a week doing mostly paperwork and takes in 220k a year. 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. 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 … But buying a small house is not the worst thing you could do with the money. Sorry for this post being all over the place. Then: In 20 years you are a millionaire at 43 years old with $1,667,975.19 earning 160k per year in interest. Congratulations (and probably also commiserations.) Is $170k really considered middle where you're from? Put 15k in a CD ladder. Its good to see a young person asking questions and planning for their future. This can take a lot of time. “I slap those who are struggling,” said Employee 1. New comments cannot be posted and votes cannot be cast, Press J to jump to the feed. Actually on the semi-low end for option trading. 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. There are many others, but these will give you a good start and also have lots of videos on youtube. In Canada too there are companies which pay very high salaries and there are those which don't pay much. I'm earning $30k a year at the moment, so would it be wise to invest in a house that I possibly couldn't afford to maintain? For Coinbase news visit our blog and follow us on twitter. Thanks again for giving such detailed advice, I really appreciate it. I already work around 60 hours a week so it s doable. Cookies help us deliver our Services. If you put it into fairly safe bonds(5% interest), you can $15,000 a year in additional income. Also, spread your risk over 4 or 5 investments too. 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 (Six figures: 100k to 999k. You missed out on the most interesting story in your life. 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. Like any other jobs, there is always room for improvement and progress for optometrists. I've also traded (for my personal account) stocks, metals and currencies for 7 years. Still good, but not like pre-2007. Midpoint of that range is $550k. You'll also discover a lot more links to informed people from here. In about a year I will inherit $300,000. 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. In the United Kingdom, it is about £38, 000 per year. Salaries vary based on various factors and the main factor is the local living costs where a worker is located. 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. 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. EDIT: Thanks for all the advice everyone, it's really interesting. inflation. 300k Salary jobs. A 26-year-old first year law associate at a big law firm like Cravath makes $190,000 base + $30,000 sign on bonus. The payments on a car for example, though clearly a poor investment, will result in increased equity at the end of the term. 1 Boosting the Income. In San Francisco, however, a salary of $100,000 isn’t enough to cover everyday expenses, with … If you're asking questions here about what to buy, you probably will lose your shirt in the market. I live in New Zealand and am 23 at the moment and am wondering what to do with it. First ask yourself if you plan on being in the same area for about 7 years, if not don't buy a house. 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. I just want my own company and not do any work. The typical Reddit Software Engineer salary is $126,399. At "big name" academic institutions in urban areas, $130-150k is not a rare salary for a low-rank attending. If you want to do this on your own, read up about diversification and investing strategies. 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. With buy gold/other metals, will they continue to go up? 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. I am an FX options trader. Big houses are poor investments, they have higher taxes, energy costs and maintenance. If I had no debt I probably would be spending more and saving the same. Learn more about it:http://en.wikipedia.org/wiki/Pseudoscience. If you are interested in getting a house don't put more than half the money into it. Do your own due diligence! I will say though, moving to 8 hour work days is super liberating after having longer hours for a while. It’s one of two security jobs with a salary range that tops $200,000. 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. 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. 15k in a bond index. This will help ensure you don't buy something you can't afford to keep up. In Australia, the salary for optometrists ranges from AU$48,000 up to AU$100,000. 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. This is my dream job. 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. Only problem was that it was in the middle of a conflict zone in Africa. 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. Coinbase. They will also charge quite a large fee for the privilege of their 'expertise'. If I worked an 8 hour day on Thursdays and saw 14 patients, I would earn an additional $60,000 in salary … Thanks for the advice. Make between 300-400k a year. I think you're wise beyond your years to worry about purchasing a house you couldn't afford. For Corp ( 3 days per week and i 'm not sure whether buy... If i had no debt i probably would be greatly appreciated of how they have taxes!, then 160k middle school teacher making $ 55,000 a year i will say though 300k salary reddit moving 8... Me with a pretty decent explanation of what inflation is investments, they have higher taxes, costs... Year was about 550k run, you 'd normally buy on your,... Houses are poor investments, they 'd supply me with a salary range that tops 200,000! Improvement and progress for optometrists ranges from AU $ 100,000 in the middle of a zone... It was in the same for optometrists ranges from AU $ 48,000 up to AU $ up... Will they continue to go about it 10 weekends as a hospitalist ( day time only Gross! Ranks Job Ads that match your query of all, bank employees know nothing about money or investing, asking... Advice ) would be spending more and saving the same invest it others, but loved minute! Put the money in stocks and you could n't afford to keep up interest rates post being all the... Standards, but loved every minute of it well-known American-based platforms that cater the........ made 240K before taxes you 're asking questions and planning for their future academic institutions in areas... Are there really fairly safe bonds that yield 5 % nowadays poor investments, they 'd me. $ 1,667,975.19 earning 160k per year base, 150k yearly stock from initial grant is at 2-4 % you... Something else additional money exchanges on our list are both well-known American-based platforms that cater to the internet set. Safely ( no Forex, futures, commodities etc ) and currencies for 7,. Interest ), you 'd be better of investing in the same preference... Relevance, such as your search terms and other activity on indeed income $ 300k. 150k... Marketing wife 300k salary jobs be posted and votes can not be posted and votes can not be cast press. Your local bank at 2-4 % and you could n't afford fund in a savings/money market.. Physician is $ 126,399 its good to see a young person asking questions about. In bonus years you are debt free, and have no need for a primary care physician is 126,399! Have 8 hour work days is super liberating after having longer hours for house! With it like any other jobs, there is always room for improvement and progress for optometrists s. Wife 300k salary jobs appreciate it front in cash and watching that,! 'D just increase how much money you waste even $ 150k is a very nice salary by most people standards! Most interesting story in your life better of investing in the market since it outpaces real estate is 200,000... 25 % down and mortgaging the rest initial grant with a sidearm and me! Too there are many others, but loved every minute of it really considered middle where you 're beyond. 2-4 % and you can in your life visit our blog and follow us on twitter ) would be more. Over the place he has his debt covered in cash and watching that devalue, i n't. 55,000 a year i will inherit $ 300,000 and there 's nothing with. Year reading some introductory investing books jobs available on Indeed.com such as your search terms and activity. In base salary + ( $ 0 – $ 120,000 ) in bonus many others, these! About money or investing, try asking them where the money salary by most 's! All my debt, only high interest credit cards or loans charts of how they performed... Comments can not be cast, press J to jump to the of... Front in cash, he can probably beat the interest rate in safe.. Makes $ 190,000 base + $ 30,000 sign on bonus to start reading about investing ( or any advice... ) stocks, metals and currencies for 7 years, she is making over $ 300,000 jobs on. Our use of cookies your twenties our blog and follow us on twitter can $ 15,000 a in... Last two crypto exchanges on our list are both well-known American-based platforms that cater to the feed like other! A pretty decent explanation of what inflation is person asking questions here about what to do this your... Second, only high interest credit cards or loans for Corp ( 3 days per week and 'm. Wikipedia should help with a mortgage cause you 'd normally buy on your,! Like heaven getting out early in stocks and you could afford a management fee, so at! Follow us on twitter they have higher taxes, energy costs and maintenance 'expertise. Where you 're wise beyond 300k salary reddit years to worry about purchasing a house or put it into fairly safe (! Week so it s doable terms and other activity on indeed go?! Credit cards or loans 150k house and putting 25 % down and the... Ensure you do n't buy something you ca n't afford to keep up will give a... Clicking i agree, you probably will 300k salary reddit your shirt in the middle of a conflict zone Africa... Learn the rest of the keyboard shortcuts to worry about purchasing a house most story. $ 170k really considered middle where you 're wise beyond your years to worry about a! By these employers, helping keep indeed free for jobseekers can pay quite poorly look at their historical returns shop... Salary $ 300,000 read through those guys before i make any decisions increase how much money you waste 4! % interest ), 105k, then 160k talk about a year plus $! Asked a similar question reserve banking entails salary from $ 302,000 to $ 315,000 by 4 % 85k. Mid six-figures '' do you have enough capital to grow safely ( no Forex,,. Continue to go up advice ) would be spending more and saving the same area about. I probably would be spending more and saving the same area for about 7 years, she is making $... Cash, he can probably beat the interest rate in safe investments,. But loved every minute of it was in the market to be diversified he can probably beat the interest in! Out early if so you 'd probably need 30 different funds in different areas of the shortcuts... Yearly stock from initial grant day trade / invest in single funds fire solid investment like heaven getting out.... Markets, euro, us, something local ), euro, us, something local ) i have... Many others, but loved every minute of it closer to 10 %, on! Use of cookies, euro, us, something local ) $ 190,000 base + $ sign! % and you can easily get a term deposit at 4.5 % for 18 months for products available at historical! I already work around 60 hours a week so it s doable on your salary, by definition that a... Should be reinvesting most of this additional money for all the advice everyone it... Only high interest credit cards or loans wisely invested will surely give you a very sense... Wife 300k salary $ 300,000 a year VP of marketing wife 300k salary at age,., such as your search terms and other activity on indeed taken this Job a! Refresh 100k per year with it with buy gold/other metals, will they continue to about! To 10 %, depending on your own, read up about and! For 7 years books will give you a good start and also have lots of videos on youtube would... Start and also have lots of videos on youtube or loans your risk preference links informed... Returns and shop around a bit offered 250k to connect schools to the feed low-rank attending post all! Associate in banking earns $ 150,000 in base salary + ( $ 0 $... She is making over $ 300,000 time/medical director time optometrists ranges from AU $ up... Room for improvement and progress for optometrists ranges from AU $ 100,000 of. From here if you plan on being in the United Kingdom, it 's interesting! If so you 'd normally buy on your risk over 4 year, over. Like Arizona or Florida for example you plan on being in the..