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#1
11-07-2007, 03:52 PM
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Re: 23yo...My financial outlook..how does this look? + some 401k help.
[ QUOTE ]
[ QUOTE ] 75-100+K for selling software is pretty sick you make more money than the people with years of experience that design and build the software nh op [/ QUOTE ] Top CS grads in major metro areas make that range upon graduation. J [/ QUOTE ] no, they really don't Top top top grads at google make about 80, but google really only hires the best people at the best schools, and that is in california most expensive place to live. Top grads at big companies in other parts of the country pull 45-65 I don't know of anybody that makes 100K as a 23 yr old programmer unless they started their own business 
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#2
11-07-2007, 04:02 PM
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Re: 23yo...My financial outlook..how does this look? + some 401k help.
[ QUOTE ]
[ QUOTE ] [ QUOTE ] 75-100+K for selling software is pretty sick you make more money than the people with years of experience that design and build the software nh op [/ QUOTE ] Top CS grads in major metro areas make that range upon graduation. J [/ QUOTE ] no, they really don't Top top top grads at google make about 80, but google really only hires the best people at the best schools, and that is in california most expensive place to live. Top grads at big companies in other parts of the country pull 45-65 I don't know of anybody that makes 100K as a 23 yr old programmer unless they started their own business [/ QUOTE ] I have friends who pull in 100k+ at 23 in software. 80k starting at Google is w/o a Master's degree. Add another 10+ for the degree and another 10+ for a year or two of experience. Also, other companies (Amazon, financial companies, etc) pay better. I'm just surprised you can get a sales position making that kind of money.
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#3
11-07-2007, 05:29 PM
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Re: 23yo...My financial outlook..how does this look? + some 401k help.
I am curious what limits you are playing to earn that amount with that amount of time. I would also look at some of the income trusts in Canada as good plays. Steady income and good returns. Let me know if you want soem names.
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#5
11-08-2007, 10:07 AM
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Re: 23yo...My financial outlook..how does this look? + some 401k help.
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yea i have a friend just graduated carnegie mellen comp sci making $110k/yr for microsoft right out. [/ QUOTE ] Unless he has more than a BS/BA, has tons of experience, or had a concentration in something very hot right now, he's pulling your leg.
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#6
11-08-2007, 10:32 AM
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Re: 23yo...My financial outlook..how does this look? + some 401k help.
[ QUOTE ]
[ QUOTE ] yea i have a friend just graduated carnegie mellen comp sci making $110k/yr for microsoft right out. [/ QUOTE ] Unless he has more than a BS/BA, has tons of experience, or had a concentration in something very hot right now, he's pulling your leg. [/ QUOTE ] I have a friend wou just graduated from CMU comp sci as well and he's definitely not making that much. In fact, I know quite a few people that came out of CMU that aren't making that much.
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#7
11-08-2007, 02:11 PM
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Re: 23yo...My financial outlook..how does this look? + some 401k help.
Thanks for the input guys.
100k is on the high end but very possible. I should hopefully fall within the 80k-90k range. However, it is sales so you have to be good and it definitely isnt guaranteed. My base pay is only 40k. Our top 2-3 salespeople are pulling in close to 150k and the oldest is 26. I appreciate the suggestions so far. I took out the car loan because I was under the impression that it was a different type of loan (a major installment loan) and would count more towards my credit score. I have only had 1 credit card but have paid the balance in full every single month. I was disappointed that I couldn't qualify for a better interest rate (~9%) but it was explained to me that having just a credit card wasnt enough. In order to have the highest score possible, a mortgage/car loan was needed (or at least a history of that). Is this not correct? Also, I will think about switching the allocations for my 401k especially now since I don't think i will be able to contribute to the Roth. Any other suggestions to do with the extra money? Especially if I can't contribute to the Roth, I will likely have 30-40k to invest each year. i was planning on continuing to invest in the stock market by buying individual stocks.
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#8
11-13-2007, 05:05 PM
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Re: 23yo...My financial outlook..how does this look? + some 401k help.
With those kind of figures in salary / investments you have nothing at all to worry about. like the other guy said you're WAY ahead of the curve.
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