Money advice for your first high paying job.
Рет қаралды 3,054
Күн бұрынWhen you transition from penny pinching student to a salaried worker, you suddenly have more money than you've ever had. This video gives simple advice on things you should bear in mind. Based off of painful lessons myself and my colleagues learned as they acclimated to corporate life.
TABLE OF CONTENTS
00:00 Introduction
01:48 Three kinds of compensation
02:25 Tax withholding is good
02:52 401k
04:00 Employee stock purchase program
05:40 NET income you actually get
07:08 Inflation and cash savings
07:35 Expenses and discretionary income
08:31 The trap of credit
10:16 The stock market
11:43 Index funds
12:57 More on inflation
15:01 Financial planners / analysts
16:01 Summary
@HungriestPanda 2 жыл бұрын
Great video. I always appreciated having the "Money Talk" with you during our days working together. Really appreciated it as a new grad, and because of talking with you, and a few others, index funds have become my biggest investment. It's been great as a set and forget. The only thing I might add that might also make sense for new grads, or people with their first well paying job is to look at a Roth IRA. Currently, you're only allowed to contribute to it directly if you make under $129k, but it's definitely not rare for new grad engineers to make less than that. It allows for tax free growth on all your investments going forward, and you can usually invest in things like index funds like you mentioned in it and treat it as a set and forget investment vehicle that has massive tax incentives.
@TheDeliberateEngineer 2 жыл бұрын
Thanks Brian, and thanks for the tip, it's a great idea! BTW you were definitely the most investment savvy recent grad I ever bumped into. I should have been asking you for advice :)
@MiguelPerez-em8gs 2 жыл бұрын
Awesome tips! Thank you!
@TheDeliberateEngineer 2 жыл бұрын
Thanks for watching & commenting Miguel!
@x86cowboy 2 жыл бұрын
Great KZfaq channel. If I could pick, this is the kind of Dad advice I wish I grew up with.
@TheDeliberateEngineer 2 жыл бұрын
Me too :) Thanks for watching!
@Ninjabdul 2 жыл бұрын
Found you through reddit, subscribed!
@TheDeliberateEngineer 2 жыл бұрын
Awesome! Thank you for watching and commenting!
@pink0910 2 жыл бұрын
This was great! Could you please make a video on how to have successful 1-1s with managers? I'm at my first job and I've never met any of my coworkers in person and I get very awkward talking to my manager during our 1-1s!
@TheDeliberateEngineer 2 жыл бұрын
Thank you for watching and commenting! I finished editing a video on having good 1-on-1s, it drops on Friday morning pacific time!
@tonyyang8424 2 жыл бұрын
Sorry I think the content itself is great, just feel uncomfortable to listen to this lazy and soft voice… makes me feel asleep…
@klausnuredini8652 2 жыл бұрын
You can always increase the Playback speed when watching videos with 'lazy & soft' voices. Hope that makes you feel comfortable...
@tonyyang8424 2 жыл бұрын
@@klausnuredini8652 thank you
@TheDeliberateEngineer 2 жыл бұрын
Bueller... Bueller... Bueller? But seriously, apologies, I know I'm a bit monotone.
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