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What kind of job lets a 19 yo save 10k a year? Genuinely interested.

by Maken 5y ago

RandallBrown 5y ago
You don't need 60k to buy a 60k car. 12k down with a 6 year loan would be something like $900 a month. Expensive, but well within the reach of plenty of 25 year olds (especially in industries that frequent HN.)
- kodah 5y ago
  These are the moments when I am at a sort of loss; maybe more accurately I realize that people live very different lives than what I came to expect as normal. I could not fathom a $900 obligation aside from rent, that I could already barely afford, at 25.
  - RandallBrown 5y ago
    A 25 year old working at a tech company in a large city is making in the ballpark of $150k per year just in salary. (Some more, some less) Let's say they're only taking home $100k of that after taxes. That means you have $8000 to spend on your life. They might spend spend $3000 per month on rent (which gets you a pretty decent apartment anywhere and an amazing one in lots of places.) Let's say they put $2000 of that into savings. That leaves them with $3000 to spend each month. $900 a month on a car payment isn't such a big deal at that point.
    - kodah 5y ago
      Yeah, I know the math. That is not what I was surprised at. As a software engineer in Dallas, TX with similar experience to a new grad, $150k was a staggering number to see. Around this time in my life I was lucky to make $60k. At senior I made, maybe, $110k. Cost of living doesn't even begin to approach $100k between the two places. The reality of which makes me sad.
  - tester756 5y ago
    >These are the moments when I am at a sort of loss; maybe more accurately I realize that people live very different lives than what I came to expect as normal. I could not fathom a $900 obligation aside from rent, that I could already barely afford, at 25. "aside from rent" What if instead of renting something, you were living with parents and deciding to buy Tesla first? I'm not saying this is rational
SirSourdough 5y ago
And what person is frugal enough to save $10k/yr, which is probably around a quarter of their total income at 19 with no degree, but financially dumb enough to use all of that hard earned, long saved money to buy a new Tesla...

What kind of job lets a 19 yo save 10k a year? Genuinely interested.

by Maken 5y ago

What kind of job lets a 19 yo save 10k a year? Genuinely interested.

You don't need 60k to buy a 60k car. 12k down with a 6 year loan would be something like $900 a month. Expensive, but well within the reach of plenty of 25 year olds (especially in industries that frequent HN.)

kodah 5y ago
These are the moments when I am at a sort of loss; maybe more accurately I realize that people live very different lives than what I came to expect as normal. I could not fathom a $900 obligation aside from rent, that I could already barely afford, at 25.
- RandallBrown 5y ago
  A 25 year old working at a tech company in a large city is making in the ballpark of $150k per year just in salary. (Some more, some less) Let's say they're only taking home $100k of that after taxes. That means you have $8000 to spend on your life. They might spend spend $3000 per month on rent (which gets you a pretty decent apartment anywhere and an amazing one in lots of places.) Let's say they put $2000 of that into savings. That leaves them with $3000 to spend each month. $900 a month on a car payment isn't such a big deal at that point.
  - kodah 5y ago
    Yeah, I know the math. That is not what I was surprised at. As a software engineer in Dallas, TX with similar experience to a new grad, $150k was a staggering number to see. Around this time in my life I was lucky to make $60k. At senior I made, maybe, $110k. Cost of living doesn't even begin to approach $100k between the two places. The reality of which makes me sad.
- tester756 5y ago
  >These are the moments when I am at a sort of loss; maybe more accurately I realize that people live very different lives than what I came to expect as normal. I could not fathom a $900 obligation aside from rent, that I could already barely afford, at 25. "aside from rent" What if instead of renting something, you were living with parents and deciding to buy Tesla first? I'm not saying this is rational

SirSourdough 5y ago

And what person is frugal enough to save $10k/yr, which is probably around a quarter of their total income at 19 with no degree, but financially dumb enough to use all of that hard earned, long saved money to buy a new Tesla...