How I spend my salary (as a Software Engineer)

Рет қаралды 37,325

Күн бұрын

Here is a breakdown of how I spend my monthly software engineering salary. Also, visit fm.dev/xm2 to level up your engineering career and land your dream job at the biggest tech companies.
-----------------
📚 Recommended Books
DATA STRUCTURES & ALGORITHMS
Computer Science Distilled (Beginner friendly) - amzn.to/39jYZ0S
Grokking Algorithms (Beginner friendly) - amzn.to/2JcBrjS
Data Structures and Algorithms in Python (Beginner Friendly) - amzn.to/3GzAuKS
Data Structures and Algorithms Made Easy (Intermediate) - amzn.to/3EKPxk2
Introduction to Algorithms (Advanced) - amzn.to/2V03JRb
Algorithms 4th Edition (Advanced) - amzn.to/3dDAH2Z
Algorithm Design Manual (Advanced) - amzn.to/3GzBj6q
SOFTWARE ENGINEERING
Clean Code - amzn.to/3nHNtAC
Clean Architecture - amzn.to/3kZ7UqR
Refactoring - amzn.to/377VXdM
The Productive Programmer - amzn.to/33aMeSE
Pragmatic Thinking & Learning - amzn.to/2J5IfzM
SYSTEM DESIGN & ARCHITECTURE
Web Scalability for Startup Engineers - amzn.to/39c55QV
Designing Data Intensive Applications - amzn.to/3fxgOLm
Understanding Distributed Systems - amzn.to/3cjChr5
Software Engineering at Google - amzn.to/3rfJc8L
Building Microservices - amzn.to/2UUPsFi
🏷 DISCOUNT CODES
10% off Educative.io for Excellent courses on all things Software Engineering
educative.io/engineeringwithu...
📺 MY TECH INTERVIEW PREP VIDEO SERIES
• AlgoExpert In Depth Re...
🏪 AMAZON STOREFRONT
www.amazon.com/shop/engineeri...
All my recommendations for books, gadgets and gear are also available at my
Amazon storefront. Check it out!
👕 LIKE THE "GOOD COFFEE, GREAT CODE" HOODIE?
You can purchase one here: www.engineeringwithutsav.com/...
📧 REACH OUT TO ME ON SOCIAL MEDIA
Instagram: / engineeringwithutsav
Instagram: / utsavized (personal)
Web: www.engineeringwithutsav.com
GEAR I USE
📷 Video
Canon EOS R - amzn.to/336Up2g
Canon EOS RP - amzn.to/3GXAyUJ
Canon RF 15-35mm 2.8 L IS USM - amzn.to/3rja0oW
Canon RF 35mm 1.8 STM - amzn.to/3Fd7YOM
🎙️ Audio
Shure SM7B - amzn.to/2J1Mb4J
Sennheiser MKE600 - amzn.to/3tj6iOb
Focusrite Scarlett 4i4 - amzn.to/398ptT7
Adam Audio T5V - amzn.to/2YFiOcx
🖥️ Editing
Samsung CRG9 - amzn.to/33b5rDT
Keychron K2 Mechanical Keyboard - amzn.to/3JdRf0e
Logitech MX Master 3 Mouse - amzn.to/32frsDY
Apple Macbook Pro 14 M1 Max
⏱ TIMESTAMPS
00:00 Intro
01:58 Pre-tax
04:11 After-tax
08:07 Monthly expenses
10:50 Tips and advice
‼️ DISCLAIMERS
This video is sponsored by Formation.
Links included in this description may be affiliate links. When you buy a product or service with these links, I may receive a small commission. However, there is no additional cost to you :) I genuinely appreciate you supporting my channel so I can continue to provide you with awesome software engineering content for free!
Also, all opinions are my own and not my employer's.
#engineeringwithutsav #softwareengineeringwithutsav #softwareengineering #utsavized

Пікірлер: 85

@rainingunderwater Жыл бұрын

Love your channel!! Not only educational but also hopeful for a current cs student. Thank you!

@what_to_read 9 ай бұрын

Engineering is a fantastic field! I'm an engineer myself, and coding is a big part of my job. I Love Engineering is such an inspirational platform for those in the engineering community! It provides an incredible amount of resources and information, plus it's an amazing place to share tips, advice, and even our common struggles. It really helps to bring us together and build a strong engineering network. Thanks for everything you've done - keep up the great work!

@ritesh146 Жыл бұрын

It's not how much you earn, but how much you keep. In order words, live below your means.

@ryannathanwilson Жыл бұрын

Or how much you give away 🎉

@evanfrozone Жыл бұрын

It’s worth noting that it’s definitely important to enjoy your life. Sacrificing everything in the name of savings will leave you with a lot of regrets.

@sandeeptanjore1253 Жыл бұрын

Hey Utsav - it's been a long time that you have released a video. Nice content and interesting that you spoke about your finances. Yes, Utsav it would be great to hear from you about personal finance.

@yohanangetahun Жыл бұрын

Great video, this is my second time watching this. As a college undergrad student majoring in CS, I find this extremely valuable. It would be great if you share how you diversify your other income streams as well. Nonethless, great video!

@bakibillahsakib5620 Жыл бұрын

You always have inspired me with like minded people. Keep up the good work.

@aogunnaike Жыл бұрын

Very helpful, just what I needed

@pavanxb Жыл бұрын

Great advice Utsav, also is that old trafford miniature in the background 😍😍

@EngineeringwithUtsav Жыл бұрын

Great catch!

@reshawnlofters Жыл бұрын

Very educational!

@asiffoysal6045 Жыл бұрын

As an intermediate soft eng I always struggle to feel at ease with my spending habits - i always feel like I’m overspending. Thanks for the insight, greatly appreciated

@brunocmesquita Жыл бұрын

Great content!

@theOptimisticCoder Жыл бұрын

Hey Utsav, great video. Following you since long! Can you please make a video on explaining your investment strategies along with diversification? That would be of great help. Thanks!

@andreizamora9163 Жыл бұрын

Totally agree with Coder Guy, it would be helpful to understand how you create other sources of incomes besides your engineer salary and KZfaq videos. Thanks Utsav !

@EshwarNorthEast 11 ай бұрын

You gained my 100% respect on the dog care! You are awesome!

@gabrielacarrizo4355 Жыл бұрын

Great video! 🤩🤩🤩 this is really helpful for all of us. Thanks for sharing your advice and thoughts.

@skyhappy Жыл бұрын

Your comment is the same as a upvote. Consider doing that to reduce bloat comments.

@CodeWithArjun Жыл бұрын

Thank you dai for inspiring thousands of Nepali🇳🇵Software Engineers including me.

@aadityabugga7136 Жыл бұрын

Love your sincere and helpful approach here. Keep it up and don't mind any haters. There are plenty of supporters too. As a rescue dog owner, I completely understand that expense 🙂 A lot of young people will benefit from your candid disclosure of how to distribute one's savings and investments.

@ganderthepanda8146 Жыл бұрын

This is pretty much how I envision my budgeting plan to be once I've got my diploma/degree. Unfortunately more and more, you've got to make money, to make money. Especially with the looming worldwide recession. Minimum wage pretty much guarantees living paycheck to paycheck these days. Would have been good to mention the importance of education and correlation with career opportunities.

@tsarchasm4969 Жыл бұрын

starting cse engineering next month... hoping to use these financial plannings one day :)

@gonza514 Жыл бұрын

cool video bro

@rajathnayak5624 Жыл бұрын

Please make a video on your thoughts about other sources of income and what was your idea behind passive income

@clarmso Жыл бұрын

8:58: That car!!!

@lalazhong823 Жыл бұрын

Great content! Would you like to share your other sources of income and the thought behind it?

@Jose_T131 Жыл бұрын

Great value content

@CODEDSTUDIO Жыл бұрын

wow thanks for the video

@Josh-ge1cr Жыл бұрын

I just started my SWE job and I keep justifying getting a really nice car, but I work remote and I would hate to see such a depreciating asset just sitting there lol. Maybe when I'm more you're level I will consider it 😂 Thank you for your financial wisdom and transparency.

@adamdrake39 Жыл бұрын

Cars aren’t depreciating as much as they used to. Especially with the chip shortage and how many chips cars use these days. Maybe it wouldn’t be such a bad investment.

@Josh-ge1cr Жыл бұрын

@@adamdrake39 "Depreciating as much as they used to" is still depreciating! Imagine buying a 100k car only for you to lose 20-30-40% over the years.Also, markets for all assets are dropping like rolexes and more. Of course I do not care how others spend their money, especially if it's their dream car. I, personally, just do not like that. But I know when I get a big tech job, I will get a decent car haha.

@adamdrake39 Жыл бұрын

@@Josh-ge1cr looks like you have a pretty concrete goal so good luck and enjoy the journey!

@rydmerlin Жыл бұрын

That’s an impressive technical bookshelf. Do you find you learn better from physical books? What are your hobbies then if you live below your means?

@EngineeringwithUtsav Жыл бұрын

Ive always liked the feel of a real book, I’m sure you can learn the same with pdf or online versions. Do hobbies require you to live above your means?

@superiormooseof_navycave9 Жыл бұрын

Hello Utsav! I’m a recently graduated student, do you think subscribing to Formation can help a freshers like me with zero industry experience?

@jelonidas7772 Жыл бұрын

Good car pick :D

@arnavgupta2123 Жыл бұрын

The thing you forgot to mention is the re-imbursements we get for various subscription 😆

@ojomudamola6674 Жыл бұрын

Can you please do a video on our to better read APIs documentation?

@codescype Жыл бұрын

Thank you sire

@haris0000000000000 Жыл бұрын

Those percentages add up to approximately 72%. Getting $8k per month after 72% deductions ? At Microsoft ?

@pratikthacker Жыл бұрын

Please share passive income strategies and how you have applied to yourself

@agi-news Жыл бұрын

Do you have a budget sheet?

@buyaka4782 10 ай бұрын

Capital one saving account give 4.9%ish interest or something.

@yerfyyow6220 Жыл бұрын

I'm so jealous of developers in first world countries who are earning money that I can only dream about. Here I am, a developer with 9 years of experience in a third world country, earning less than $2k a month before taxes. Hopefully, I can find a local or remote company to improve my earnings this 2023.

@EngineeringwithUtsav Жыл бұрын

It’s a double-edged sword. One bedroom apartment in Seattle also costs 3k a month :) More salary also almost always means lot expenses.

@issiewizzie Жыл бұрын

an education that should inspire

@stevenaustin2160 Жыл бұрын

Is formation available in Africa?

@okonkwo.ify18 Жыл бұрын

I need a react node senior developer job. I don’t know why I ain’t got one

@QuiarlNuck Жыл бұрын

My cat is also a very much included in my budget LOL awesome video! really appreciate it man, is good to have an idea of how to handle ones finances

@PS-ej2xn Жыл бұрын

With current interest rates, monthly mortgage on 1 br apartment in Manhattan, NY is looking upwards of 7-8 k :(

@gourabsarker9552 Жыл бұрын

Sir how much do you earn now?

@myblrapp9627 Жыл бұрын

Where is your amount to donate to needy people?

@teleoyekunle4718 Жыл бұрын

How do you keep money in a savings account and make it cumbersome to take out?

@EngineeringwithUtsav Жыл бұрын

I usually go with online-only bank accounts and just ditch the option to have a debit card. They generally have higher interest but taking money out means you have to do a slower transfer into your main account. A lot of newer accounts let you set a blocker that won’t let you withdraw below a certain amount unless you can the bank… things like these. But these are what work for me, maybe different things work for you. But in the end, if you are really gong ho on spending all you money, nothings going to prevent you. Maybe your wife haha

@teleoyekunle4718 Жыл бұрын

@@EngineeringwithUtsav 😂. Thanks for the reply!

@collinslagat3458 Жыл бұрын

Where does the money for your Music hobby come from? Saving account?

@EngineeringwithUtsav Жыл бұрын

Incidentals

@ethanwright2981 Жыл бұрын

These hands are flying away sheesh

@EngineeringwithUtsav Жыл бұрын

😂 they have a mind of their own, man

@shivamjalotra7919 Жыл бұрын

this looks a full time job in itself. 😜

@ramk6325 Жыл бұрын

😮 OMG at your subscription. I have two and even that feels like a giant waste at times

@EngineeringwithUtsav Жыл бұрын

I know 😩

@ss4adam Жыл бұрын

Where did you learn the rule for "Never let your expenses exceed 80% of the lowest erners income"? I'm just wanting to read more about that idea and share it with others, so I was hoping you would have a link or resource to the source of it (if it came from a financial advisor).

@bhagwatnarayanchoudhary1924 Жыл бұрын

Can you please give your house tour

@krenardervishaj5696 Жыл бұрын

Bro has a joint income with his wife, considering a 45% tax rate, of approximately 115k$ per month

@tomwebb10 Жыл бұрын

For football, you should only need Now TV and BT sport. :)

@WayTooUnderated Жыл бұрын

my boy got the M Power

@harshpatel105 Жыл бұрын

Hello, I am from Bangalore, India. My after-tax income breakdown. (In Indian rupees) 26k rent+utilities 14k food 5-8k misc. Total expenses are about 45k-48k. 143k after-tax income. So I save 2/3 of my monthly income.

@skyhappy Жыл бұрын

Why did you buy such an expensive car when you spend so little on gas and drive it so little

@EngineeringwithUtsav Жыл бұрын

🤷🏼‍♂️

@iamguyfawkes1474 Жыл бұрын

boosting self confidence 😆

@boutlife888 Жыл бұрын

800 for a dog who needs special treatment is the best thing your money can go. The health of a member of the family is even more precious than our health.

@Tech_Publica Жыл бұрын

Dude I realise that at this point this is kind of a game for you, but your scheme is so complicated and time and mind consuming to rival all the bs that women think and do about fashion and appearance...

@collinslagat3458 Жыл бұрын

At what income in Washington state can you say the you are ready for kids?

@EngineeringwithUtsav Жыл бұрын

🤷🏼‍♂️

@Innvestor Жыл бұрын

Is that 80% pre-tax or post?

@EngineeringwithUtsav Жыл бұрын

Sorry, which 80%? I don’t recall saying 80% anywhere

@Innvestor Жыл бұрын

Hey Utsav, thought You mentioned that your shared expenses plus any individual expenses b/w you and your wife would not exceed 80% of the income of the lowest earner amongst the two of you…just curious if thats 80% of post-tax or pre-tax income

@EngineeringwithUtsav Жыл бұрын

Ah yes … after tax. So that you can save and invest the remaining 20%.