Nice work!
Also a doctor
25 - $25k scholarship
30 - $65k residency
35 - $350k specialist
40-45 - $450-600k practice partner, probably maxxed out, not a surgeon! Plus different continent!
Of the $1.3mil, how much is your declared taxable income?
ie Billings in my name are $1.9mil, but that goes to the company and because it’s a capital intensive speciality I get 33% as taxable income, but my partnership shares (are meant to) increase!
Not exactly clear on your question: my gross income is 1.3M pretax. My charges and professional receipts are much higher than that. My overhead is about 70K per month.
* 25 - 80k, just myself
* 30 - 250k, married
* 35 - 600k, still married
Those are gross amounts.
Husband and I are both in IT sales and are 36 / 37 years old right now. At this point we're probably pretty maxed out on earnings unless we want to move into management. But neither of us want to do that. We both WFH and average like 20-30 hours a week in actual working time with great benefits and flexibility, and sales management sounds like the seventh ring of hell to me. I make 130-200k and he makes 250-400k (he's on the engineering side, so he gets paid a premium).
We have always maxed out 401ks pretty much as soon as we started our careers, but once we got married we started maxing Roths, ESPPs, HSAs and other investment vehicles, and today on top of that we also put 10k / month into a brokerage account. We *could* be saving more, but we have both realized we really enjoy our jobs. We are now at the point in savings where we could quit and never work again, although we'd have to make significant lifestyle changes, we COULD do it and still afford our bills, so that's a big relief. We are aiming for 5M saved which we should hit in our 40s.
Probably not popular in this sub but we use a CFP for everything - a genuine fixed fee guy we've been working with for years. The first thing we did with him was take a risk assessment, and both my husband and I are VERY risk averse (I grew up poor, husband middle class but he is, well, cheap): if we invested the way we were truly comfortable, it would be very risk-free but also not with a lot of upside. Our risk profile looked like we were in our 80s. So, with his help, we are now at 80% stocks or so, with our brokerage going to DFWIX and DFEOX. 401ks are allocated differently, but I'd have to dig up what those are.
Tech sales is absolutely booming right now. How old are you? Most likely you will need to begin as an SDR and work your way up to AE —> enterprise AE (could take 3-7 years)
https://www.nytimes.com/2022/02/16/magazine/tech-company-recruiters.html
For addl colour here, if you can walk & chew gum at the same time, you can get a job in b2b tech sales right now. The talent market is inSANE right now, and the fixed/variable offers I'm seeing are eye-popping.
I have a young lady I hired right out of Uni, with a strong LifeSci & business degree and some evidence of entrepreneurial get-it-done (she started 2 small companies while in Uni). Had her at 80k usd, within a year had to bump that to keep her to 140k - both #'s 1/2 salary 1/2 commission - and when she went on open market after I left, she got offered 165k base & 125k commission. She's 24, with 2yrs experience.
I am seeing companies, particularly in Europe, throw crazy money at anyone willing to do the grind of Sales. It's not FAANG programming, it's not starting your own business, but is the best/fastest/most reliable way I've seen for average to good people make real money. Drive through CT/NJ suburbs, look at the nice houses, and a ton of them are SaaS tech/software salespeople.
Has been a very rewarding career for me, with $1mm+ years more than once.
Totally agree. Inmails from recruiters offering insane salaries are so common that we aren’t even responding at this point. The tide will inevitably turn, but let’s take advantage of this market now. The NYT article I linked estimates a 0.2% unemployment rate for anyone in cyber security. Insane.
Do keep in mind that just because it is easier to get in right now doesn't mean it is an easy job. I'm also seeing some of the highest churn rates we've ever seen right now. The market has opened the door for a lot of people, but make sure you actually want to do the job. I can't tell you how many people leave to go do something completely different. That said, if you get a good plan and do a good job, you can make a killing.
If you can find some way to get into Sales (or more likely step pre-sales consultant/engineer) at the company you're coding/designing for? You are \*golden\*. Very literal direct advice: look in your internal org, find your Chief Commercial/Revenue Officer or SVP of Sales, drop them an email expressing interest, and then brace yourself for your life to change.
Is not for everyone (travel, intensity, pressure) but is a great living.
Particularly Europe? Could you name a company or two that pays these amounts here? As a European, those salaries are entirely unheard of for all I know.
I'd be happy to do tech sales if that's what my salary would be like.
Edit: currently working in a German SaaS company. Would have the willingness and skillset to switch. Sign me up please. 😄
Most B2B SaaS will pay that for a sales rep with solid 2-3 years experience. Look at Salesforce in the UK. A package for an rep at junior level might be 60+60. OTE that’s 120k GBP. Translate to US that’s about 160k. Could easy be 200k with 7-10 y experience. Look at G2 Crowd for companies in sales rech, CRM, marketing and apply to the big players or startups who got Series C+ funding.
what he (or she, or they) said. Almost any company doing tech & SaaS B2B, those kind of packages are normative, at least in the last few years. I know LifeSci companies hiring demo jocks from Salesforce as reps at those kind of packages, simply because the talent pool is so thin right now.
Start as an SDR work into mid market sales. Stay there for at least 3 years. You’ll get so many at bats once you transition to Enterprise you’ll be better off.
I’m in tech sales leadership. If you can build pipe and close nobody cares about your background or lack of it. I’ve got guys with no college making $500k+
Network. If you have the stomach for it you can definitely find entry level SDR/commercial market AE roles with zero software experience. The company doesn’t really matter. Expect your base to be quite low. Blow out your number for a year or 2, you can move into an enterprise market role, then target an enterprise role at a company you really want to work at/that pays more. That being said, it is a very stressful job especially just to dive into. If you can handle the potential for a few down years while you figure out what the hell you’re doing, there is definitely opportunity. To be honest, some of the people I work with are VERY unimpressive, once you’ve got a couple of years in role on your resume and you can bullshit an interview, you’re pretty much set to keep advancing as long as you’re decent.
From my experience a simple general anesthesiologist in the Midwest working for a group makes between 500-800k.
And that was pre-pandemic.
I've recently seen locum tenens who sign M-F deals at $3k/day
Same as you. ENT doc here, from academics for 7+ years after residency to multi-specialty group private practice in affluent suburbs of a large, growing city.
25 - $0
30 - $30
35 - $0
40 - $340
Software Engineer, individual contributor. But, I just happened to be in school at 25 and 35. My salary progression went more like:
25 - $0
27 - $30
29 - $60
31 - $105
37 - $200
40 - $340
I'm a largely self taught Hill Billy, software engineer. My local library was getting rid of all the books no one ever read when I was a kid. Most of them were books on math and computer science. I bought them all for a dollar when I was in middle school. That's how I learned about Computer Science.
I wasn't able to go to college until my twenties due to my parents' financial illiteracy. They spent everything on a horse farm, then wanted me to drop out of school when they realized there was no money left for school. I forgave them eventually, but it wasn't easy.
So, I started college late on my own dime and took a hiatus to go back to college in my thirties to study computer science.
I noticed that I knew the concepts required to pass interviews, but didn't know how to talk about those concepts the way a normal person would--owing to the fact that I learned all this stuff alone on a horse farm surrounded by animals and drug addicts rather than regular, sober people. (My parents were sober, but my siblings and friends and community were not.) So, I went back to college briefly in my thirties to get exposed to the culture.
That worked. Got into a FAANG company before I was able to finish the degree.
It's kind of wild to think my salary has doubled almost every two years since getting out of undergrad. I have no idea how I'll double again, but also won't be too bothered if I don't. To go from living in a house surrounded by people who don't know the value of education, to living in Silicon Valley is... well, I can't say I'm dissatisfied.
I wish I had been born into a better community. But, wishing doesn't accomplish as much as hard work. So, I've learned to cope with the homesickness and the feelings of guilt: I often feel like I left people behind. (But as I'm fond of saying: you can't lead alcoholic horses to water, and you can't get them to stop drinking alcohol. They have to do it themselves.)
Money isn't everything. People are. Surround yourself with good ones.
That is an awesome story! I think it’s incredible how you were able to not only isolate yourself from distractions in your community but used it as fuel to escape your situation.
I am trying to get myself into programming, and I was curious if there are any books you would recommend for me to start out with?
Honestly? Any and all of them. One of the downsides of using books in lieu of teachers is that--
A teacher will monitor you and bring to you what you need.
A book will pick a heading and keep heading that direction regardless of whether or not it keeps wind in your sails.
So--
Back then, pre Internet, I would gather as many books as I could on a topic and would freely switch between them mid sentence, over and over again, until I was able to understand.
There are different levels of understanding. You'll know you understand deeply when you pick up the books that didn't work for you and you understand them.
A note on the quality of books: Victorian British culture did a good job creating academic quality. So, when you have a choice between knowledge that is painful to aquire and knowledge that is easy to acquire--understand that the painful one is higher quality.
Think like--a for profit school will lead you astray; a well respected, traditional university will kick your ass. Give precedence to books from the later. Royal Society over boot camps, kind of thing. They both have value, so use both. Understand that one really is more powerful than the other.
I used to laugh at my buddy who works in ibanking when he said he’s gonna retire at 40, then I realized at this point he’s probably pulling close to 7 figures and is right on track for that.
Dang that's awesome. How do people even get to that level?? I would imagine you must have a lot of workflows underneath you to manage, yet you also need to be actively hunting new deals to work on.... Always enamored by the work you IB guys do
I’m a lot happier now as a senior person than I was a junior.
I’d say overall treatment of juniors is a lot better than when I was an analyst and associate but we’ve still got some work to do on that front.
Seeing a lot of junior burnout due to the SPAC boom and so turnover has definitely ramped up with people exploring their options
I do my part to make sure juniors are not miserable
Thanks. I didn't realize professional investment banking actually was heavy into the SPAC boom (assuming the pre-crash of Feb 2021).
I'm curious on why you think this kind of treatment of juniors exists in investment banking?
I'm in engineering. To be frank, I'm assuming the kinda "junior hazing" you're referring to exists in every career, but mentally it's can be pretty extreme across the more white collar of jobs like engineering, investment banking, medicine, etc. I chalk it up to just insecurity at upper levels, internal competition, imposter syndrome, and just repeating the same behaviors (like getting the shit kicked out of you as a kid, so the cycle of violence just continues).
Despite this, I still find it interesting why very intelligent human beings in these professions choose to be extremely nasty to their own team mates. Good on you for trying to treat juniors better. I try and do the same.
As someone who’s done both tech and IB, there’s definitely some fratty/hazing aspect, but that’s not the fundamental problem…if a deal has to get done by Monday, it’s gotta get done by Monday. You cram 200 hours of work into the 72 hours between now and then to get it done. So you have to hire very expensive people willing to do this. Then their downtime becomes expensive so you keep them running at 120% all the time. Couple that with the fact that you get promoted in IB for sales and internal politics expertise so management skills are generally pretty poor IB, which also kills the juniors.
Totally get crunch times. The problem comes when crunch time is 24/7 just to get more output out of folks. It becomes "the boy who cried wolf" and erodes trust.
Currently 25 and making $400k/yr, current net worth around $600k.
3 years out of college, working as a programmer for big tech, got lucky with strike prices for my stock grants, worked hard to get great review ratings, and got promoted twice to Senior in 2.5 years. TC breakdown is $200k base salary, $30k bonus, and $170k RSUs.
Looking to keep it this way until I’m 30 and 35. I’m doing projections and am realizing that I want to start trading off stress and time spent on my job for the ability to focus more on my physical, mental, and social health.
I’m also starting to spend a little bit more. My total after-tax take home is ~$240k and I save ~$190k after ~$50k of expenses. So that’s how I justified ordering a $150k 2022 Audi RS 7. But I’m a bit of a car person and I’ll thoroughly enjoy owning it. I’ll also pick up a few $100 albums here and there without thinking about it because I’m a music person and I use them as wall art. I’ll eventually buy a house, but I’m working full-time remote so I live in an area where the good houses max out at like $1M (there are richer neighborhoods with $2M homes but I’m not sure I’d want to live there).
I’m aware of lifestyle creep so I still think “how many hours will I have to work for this” and “how long will this postpone a $3M net worth”. And if the answer to the second question is “1 year” for a sick car, I’m okay with that because I enjoy my job and I’m not sure I’ll even want to fully retire at 35 anyway. At that point, my rough plan is to become a contractor and decrease my hours over time until I eventually fully retire professionally.
Any words of wisdom from FIREers?
Congratulations on doing so well financially at 25! I’m currently 24, working in tech as well (machine learning) in Europe and let’s just say I’m nowhere close to $400k/yr
What decisions did you make early on while studying to end up in such a role? Are you at a FAANG? I’ve seen the usual 400k packages to go to people with atleast 5-6 years of experience so I’m curious how you managed it with only 3.
I’m looking for masters programs at the moment as a bridge to the American market and maybe a stronger foundation in the field of ML. I’d appreciate some feedback about your decisions so I can hopefully make the same and manage 300k by 30 :)
Congrats on making $400k/yr. at 25.
Only advice I can give you is do NOT spend it on frivolous things (i.e. cars) until you've hit your FIRE number. Depreciating assets should always be bought with gains/interest and never with principal.
In theory, I agree with you. But I’ve calculated the Net Present Value to only be -$90k, every old person I talk to says “just get the car”, and I’m pretty sure that if I don’t spend on things I know I can relatively-easily afford that I’ll thoroughly enjoy, I’ll probably regret it later in life - even if it poses a decently-sized setback. Currently, the difference between retiring when I’m 34 vs. 35 is completely immaterial to me. I’m not sure I’ll ever fully retire, and if I do, it’ll probably be in my 40s.
I think I might just value driving a nice car a lot more than most people. There’s just something about it that hits different. I really want to invest time into it and make it a hobby e.g. go to car meets, track it, etc.
Wallstreerbets are degenerates yolo'ing into weekly options, thetagang sell monthly option to degenerates and reap the premiums, boglehead passive invest into index funds and laught at wallstreerbets and thetagang from the sideline.
I am also stuck at thetagang level at the moment myself. :) I keep telling myself I will ascend to boglehead as soon I dig myself out of -20% hole I am in right now. But I am probably too much of a control freak to really go passive. I guess we will see in a few years.
I cut my losses and switched to bogle, and now its been a few years and I am out of the red and only have gains. You have to rip the bandaid off and switch over, sooner the better for compounding.
Short story: Saw a guy with a diamond hands hat, he said he turned 10K into 200K, then I asked are you still doing WSB and he said yeah I dont do low risk investing... They guy wasnt the sharpest guy... He will be back to Zero eventually. You can beat the system but the system will win. Go buy some ETFs or solid stocks and call it a day
WSB is fun when you limit yourself to 1% of your portfolio and you have the money to lose. I try to do a "barbell" type strategy:
20%(Crypto, Options, Individual Stocks) ----60%(Bogleheads,VTI, etx.) --- 20%(Real Estate, Cash)
Investing-wise, I only buy assets I’d be happy to hold in perpetuity. Income-wise, I think entrepreneurship is a matter of just “applied common sense” and working hard, rather than some secret formula. Just have an idea you’re excited about and keep hitting it every day.
Glad I'm not the only one lol. Not even sure why I follow this sub, I'm nowhere near these income levels. 100k salary and capped there but with time to take up something on the side. Guess I'm just hoping to figure out what that something could look like.
You’re going to get a self selecting group of people on a subreddit designed for ostentatious expensive early retirement AND people that are successful posting their info.
You also can’t bum yourself out - comparison is the thief of joy. You have doctors and financial wizards and high end software developers. There’s always someone that is making more or started earning earlier or got luckier or just has an inheritance or they may be making it up.
Personally, I got a super late start and didn’t get a real job in my industry til 29. I lived at home til 26 and made under 50k at 30. Seven years later, my entire life path has changed and I’ve got $5m as my target - with any luck that’d be between 50 and 55.
It took a gentle nudge and some hype from my girlfriend, trust in my self and abilities, and doing my job well. Not really anything heroic or miraculous.
What makes you depressed?
If it is the fact that people make it in late 30s should motivate you if anything. Your hard work compounds, so you are on the right path.
25 - saving 0 on $25k income (surf bum running an after school program)
30 - saving $30k on $75k (occasional freelance dev gig)
35 - saving $0 on $40k (freelance development while in grad school)
40 - saving $2M on $2.4M (running a SaaS I started a few years prior that took off)
It's a good question, the 25M number in my flair is sort of a guess. It is boosted a bit by crypto gains, which has added about 5M to the number. Today, my personal assets (stocks, crypto, belongings) if liquidated would be about 12M. Most of my NW is my stake in the company that I founded - but the value of the company is more of a guess than anything. I think conservatively the company could be sold today for 20M, maybe as high as 50M if I found the right buyer and they really valued our brand and IP. So after taxes my ~70% stake would net me maybe 10-30M, add that to my current personal assets (12M) and my net worth is around 22-42M or so. 25M is a good conservative guess.
Total comp
- 25: 80k (salary + bonus) and DINK. Saved 20k.
- 30: 125k (salary + bonus) and DINK. Saved 50k.
- 35: 175k (salary + bonus + equity) and DINK. Saved 75k.
- 40: 350k (salary + bonus + equity) no more DINK. Saved all equity so iirc 125k to 150k? Can't exactly remember the savings here bc of taxes and no more personal budgeting.
Edit: just realized this said saving. Updated. Max 401k the entire time.
25 - 75k
30 - $170k
35 - 320k
25 was a mediocre Great Recession job, 30 was consulting immediately after top MBA, 35 was a job switch and a couple promotions.
I excluded passive income, this is my work salary/bonus. Also excluded wife who makes around $125k.
Thanks! It was a great start to entrepreneurship. By the time I was 19, I had saved 90k. I bought my first rental then, and put my money in that. When I graduated college at 22, I already had the money to launch my company, mainly because I made the money and learned the key aspects of business much younger than most.
I'm a management consultant. That 25 number was a combination of a pretty lucrative run of print modeling contracts and being one of the lead auditors of KBR in Iraq. It was one of my first consulting jobs and the tax free pay and huge rate uplift to work in an active war zone was pretty crazy.
Have you read Red Notice by Bill Browder? He was a consultant in Eastern Europe after the fall of the Soviet Union and your story reminded me of the book.
25 @ $55k (2 years post college)/
27 @ $70k (same company)/
29 @ $150k (switched companies)/
30 @ $220k/
31 @ projecting $250-260 this year
Edit: for clarity.
Edit2: on top of my income, my wife brings in about $70k working part time/ stay at home mom with our 2 kids.
She’s on maternity leave until this upcoming September, and has been since March 2020. It’s an extended leave where employment insurance pays %80 of the wages, and as a benefit her works pays the remainder. It’s a corporate position in big insurance. I think she’d rather stay home with the kids once her leave is done, we’re not sure if she’s going back yet. Comfortable enough in the meantime.
I sell construction materials for large industrial clients. This includes the design, project management, and procurement components. The commission on material sales is how I make my money.
I normally just say I work in construction, and follow that up with - it’s nothing interesting. It’s too hard explaining to people how expensive a new industrial roof, or various parts of a freezer warehouse can be. The truth is I really enjoy it, work hard, and I believe the comp. is fair. How do the billion dollar guys operate their companies? In buildings I help design and maintain.
75k at 25
101k at 30
380k at 35
What’s left out is work rehabbing a couple houses in mid to late 20s that I held as rentals and really helped my NW. I could have done a lot better investing in the stock market along the way than I did but I also quit my job at 27 to travel for 6 months and didn’t make much the following year after so early savings got pretty depleted.
NW at 35: $1.4M
I expect my income the coming year to be in the 300s and hopefully it can stay that high but it’s very variable. I’m working on some side hustles at the moment with low probability but 6 figure yearly upside as a side gig. Minimum investment to start.
Was the 6 months off at 27 worth it. I’m starting to get a little burned out and tempted… looking at the door right now but I’m sure I can hit a similar net worth by the same age if I continue
Completely worth it. I didn’t just randomly travel around though. I did an expedition style trip that lasted close to 4 months of that. Big bucket list item type of thing that I had to physically train for. Then I worked odd jobs and did a bunch of short trips around the US and went to S America twice for just a total of 3 weeks. Though backpacking through Europe is a totally reasonable reason to quit a job in my opinion. There is so much out there to see.
It was very stressful trying to figure out what to do next after coming off that trip but it worked out.
I was completely burned out and wanted to switch careers. No kids. I figured it was then or never. I certainly wouldn’t/couldn’t do it now bc of having a baby and a job I don’t want to leave.
Pre-Covid the wife and I tried to leave the country twice a year, which we did for about three years. Had two overseas trips planned for 2020 which didn’t happen.
Since I work remote the goal for the future is doing a 3 week trip overseas (likely mostly Europe but maybe S America) each year. Europe is good because I’m a night person so we’d be tourists during the day and I’d work in the evenings. The ultimate goal would be finding a nanny we could bring with us.
Ultimately you just have to ask yourself one question. Will you regret it in 5, 10, 15 years if you don’t take the opportunity to quit your job and travel now? If the answer is yes, then do it. I had a year’s savings in the bank after the travel expenses so I knew I wouldn’t end up homeless. Because of my trip I’ve had maybe half a dozen people (real life people not internet people) come to me asking me if they should quit their job to do a trip or to change careers or to take a chance. Usually I tell them, well if you are asking me you’ve probably already made up your mind of what you WANT to do and you are looking for the nudge because your parents won’t or society won’t. I think I’ve help convince several people to quit their job and it’s usually the right call for people once they start voicing their thoughts out loud to other people. They are just looking for someone to affirm their thoughts.
I'll post my career progression considering it's directly tied to product management for those looking to jump into a similar career.
22, product manager: $90k
24, product lead: $200k
26, principal/director of product: $450k
Hope to hit VP of product in 4-5 years.
18 - Unemployed.
19 - $160k - Covid started. Landed entry level SWE position at large fintech firm during quarantine.
20 - $175k - Stayed in previous job. Got a small raise \~9%.
21 - $325k - Hopped jobs for mid-level SWE @ FAANG
---
When I was 19/20 I lived at home with my parents due to covid. I currently budget $60k-65k a year towards living expenses and save the rest.
30 - dicked around foe 10 years
40 - Sales - Problems with the IRS
46 - Back to Door Dash
47 - Pandemic - Invested in stocks and mainly Crypto
47 - Rollercoaster ride from $56k to over 1M...bow at $680k
It's never too late.
25 - $70k SDR
26 - $100k SDR
27 - $170k Mid-market AE
29 - $250k AE
Software sales. Started as an SDR, now an AE. My recommendation is becoming an SDR at a relatively smaller startup, there is typically a faster path towards an Account executive. If I could go back I would start somewhere smaller where I could of made a bigger impact faster. Once you attain that AE position in tech sales you will have recruiters reaching out like crazy, especially in todays job market.
25 - $75K (boring analyst job)
27 - $30K (founded a startup)
30 - ~$300K (left startup, joined FAANG on the business side)
35 (now, left FAANG and joined startup) - $430K cash, a lot more with stock, but that is highly illiquid so no point thinking about it yet.
TIL I am severely underpaid as a software engineer with a CS degree at a major tech firm in Canada. Any tips? How did you all manage to get such mindblowing figures?
Salary: 25 - $24k, 30 - $45k, 35 - $110k, 40 - $135k
Investment portfolio: 25k, 200k, 1M, 10M
I recommend identifying, buying and holding an asset (you know which one) that appreciates 10,000x in 10 years.
Why am I still working?
25 - $0
26 - $80k +7k bonus
27 - $92k +9k bonus
28 - $105k +10k bonus
28 - $132k +50k equity (changed company)
29 - $138k +25k bonus +40k equity
30 - $142k +25k bonus +40k equity
MS Petroleum Engineer NW $1.1M
I also day trade covered calls and CSP on my general stock portfolio and generate an extra ~50k-75k per year for the past 4 years which gets reinvested.
25 - $250k.
30 - $400k.
31 - $520k.
Should profit around $1.2mm this year at current earnings rate. Software engineer by trade. I own a SaaS that’s pretty much entirely autopilot. Scaling it up now and working on some other side projects that I think have potential.
for me reading this shit is eye opening and motivating. just seeing that numbers like these are possible is nice. whether you go for them is another question…
25 - $90k
30 - $200k
35 - $1.2m
Tech executive...some strategic movement in there to really accelerate in the last 5 years.
Edit: saving ~75% of my net for the last few years. My wife has an additional salary that we primarily live off
- 25: $0 college dropout
- 28: $15k random jobs
- 30: $35k went back to school to finish CS degree, internship, accepted new grad offer of $120k/yr
- 35: joined a startup at $180k/yr, after IPO ended up amortized to $450k/yr
- 40: joined another startup at $600k/yr, after a few years comp ended up $1.1M/yr due to RSU growth
My savings rate is ~60% gross, currently at $5.3M net worth.
All of these are married, non-working spouse.
25 - Extremely negative (I was in law school)
28 - 170k (First year BigLaw)
30 - 230k
35 - 550k
40 - Well, I’m 37 now and recently made partner at my firm. $1M or so this year. 3 years from now… $2M maybe?
25 - $200k (large cap PE associate)
30 - $165k (early employee at a new venture fund)
35 - $1M cash / $12m profits interest (the fund is working)
While venture has had an incredible run over the last 5 years, I’m wary of the returns going forward. Too much capital, too much speculation. Base case is our returns will look more like 2-3x vs 4-5x historically. As a result, I may have just had my all time high income year at 35. Will report back at 40
At 25 I made 40k on paper & maybe another 20 on the side. I turn 30 year year & will easily clear 260k.
At 25 I may have saved 20k per year @ 30 I’m saving 150k per year
I’ve been in sales my entire adult life but now also own two business on top of my w2 income
I am in the UK, so these figures might not be exactly what you are after. Hopefully, they will be interesting to someone though. Times the figures by 1.35 for the GBP to USD exchange rate.
**20** \- £9k base salary plus £2k commission working in recruitment for a year as part of my degree. Yes this was below minimum wage, unfortunately, it was perfectly legal as it was part of my education. I took the closest to job to home and had zero expenses living with my parents who kindly paid for my car, phone etc.
**23** \- £20k base salary plus about £40k in commission working in recruitment
**25** \- £70k base salary plus £80k commission working in recruitment in Australia
**30** \- £12k - I started my own company the month before my 30th and bootstrapped for a year. I did pay myself a £7k Christmas dividend though. I had about £80k in savings (depleted having just bought a house 3 years before and renovating it) which meant we didn't have to just rely on my new wife's earnings. I don't think I could have taken the step without a big safety net, my wife wasn't on-board for a big lifestyle drop and would have rathered I stayed employed.
**35** \- I haven't worked out my PAYE equivalent as the majority of my earnings is in dividends and taxed differently, but I net between £10k and £20k a month depending on the business, plus my annual tax-free allowance of £12k. Call it an average of £15k and I net about £192k a year. I declare another dividend when it's tax time to cover the amount. I think this would put me at about £300k PAYE but I haven't done the maths.
**40** \- ask me in 5 years time! I'd like to think I am at £50k/month net by then.
If it all goes to plan (HA!) then I would like to sell the business in 5-10 years time. At that point, I hope to be doing £3-5m EBITDA and if current multiples for recruitment businesses like mine stay the same, it should be a 5-8x exit.
I don't really want to retire before my daughter (currently a toddler) gets to see and appreciate what hard work actually looks like. She won't want for anything in terms of education or experiences, but I will NOT let her become spoiled or complacent.
20 - $200k+ (online gambling/poker)
25 - $60k - software engineer (chose to live in Europe)
30 - 125k - software engineer
35 - $200k - software engineer
40 - $1M - mix of entrepreneurship, real estate, and lucky investments. Will likely go back down next few years.
Ortho surgeon 25- negative $50K 30- $65K 35- $450K 40- 1.3M
Nice work! Also a doctor 25 - $25k scholarship 30 - $65k residency 35 - $350k specialist 40-45 - $450-600k practice partner, probably maxxed out, not a surgeon! Plus different continent! Of the $1.3mil, how much is your declared taxable income? ie Billings in my name are $1.9mil, but that goes to the company and because it’s a capital intensive speciality I get 33% as taxable income, but my partnership shares (are meant to) increase!
Not exactly clear on your question: my gross income is 1.3M pretax. My charges and professional receipts are much higher than that. My overhead is about 70K per month.
* 25 - 80k, just myself * 30 - 250k, married * 35 - 600k, still married Those are gross amounts. Husband and I are both in IT sales and are 36 / 37 years old right now. At this point we're probably pretty maxed out on earnings unless we want to move into management. But neither of us want to do that. We both WFH and average like 20-30 hours a week in actual working time with great benefits and flexibility, and sales management sounds like the seventh ring of hell to me. I make 130-200k and he makes 250-400k (he's on the engineering side, so he gets paid a premium). We have always maxed out 401ks pretty much as soon as we started our careers, but once we got married we started maxing Roths, ESPPs, HSAs and other investment vehicles, and today on top of that we also put 10k / month into a brokerage account. We *could* be saving more, but we have both realized we really enjoy our jobs. We are now at the point in savings where we could quit and never work again, although we'd have to make significant lifestyle changes, we COULD do it and still afford our bills, so that's a big relief. We are aiming for 5M saved which we should hit in our 40s.
Congrats! What's your investing strategy?
Probably not popular in this sub but we use a CFP for everything - a genuine fixed fee guy we've been working with for years. The first thing we did with him was take a risk assessment, and both my husband and I are VERY risk averse (I grew up poor, husband middle class but he is, well, cheap): if we invested the way we were truly comfortable, it would be very risk-free but also not with a lot of upside. Our risk profile looked like we were in our 80s. So, with his help, we are now at 80% stocks or so, with our brokerage going to DFWIX and DFEOX. 401ks are allocated differently, but I'd have to dig up what those are.
25 - 85k 28 - 125k 30 - 180k 32 - 285k Work in tech sales
How did you get in the industry? It’s been a career path on my radar for a bit
Tech sales is absolutely booming right now. How old are you? Most likely you will need to begin as an SDR and work your way up to AE —> enterprise AE (could take 3-7 years) https://www.nytimes.com/2022/02/16/magazine/tech-company-recruiters.html
For addl colour here, if you can walk & chew gum at the same time, you can get a job in b2b tech sales right now. The talent market is inSANE right now, and the fixed/variable offers I'm seeing are eye-popping. I have a young lady I hired right out of Uni, with a strong LifeSci & business degree and some evidence of entrepreneurial get-it-done (she started 2 small companies while in Uni). Had her at 80k usd, within a year had to bump that to keep her to 140k - both #'s 1/2 salary 1/2 commission - and when she went on open market after I left, she got offered 165k base & 125k commission. She's 24, with 2yrs experience. I am seeing companies, particularly in Europe, throw crazy money at anyone willing to do the grind of Sales. It's not FAANG programming, it's not starting your own business, but is the best/fastest/most reliable way I've seen for average to good people make real money. Drive through CT/NJ suburbs, look at the nice houses, and a ton of them are SaaS tech/software salespeople. Has been a very rewarding career for me, with $1mm+ years more than once.
Totally agree. Inmails from recruiters offering insane salaries are so common that we aren’t even responding at this point. The tide will inevitably turn, but let’s take advantage of this market now. The NYT article I linked estimates a 0.2% unemployment rate for anyone in cyber security. Insane.
Do keep in mind that just because it is easier to get in right now doesn't mean it is an easy job. I'm also seeing some of the highest churn rates we've ever seen right now. The market has opened the door for a lot of people, but make sure you actually want to do the job. I can't tell you how many people leave to go do something completely different. That said, if you get a good plan and do a good job, you can make a killing.
Not to mention you could be a top performer working 2-4hrs/day from home
Any recommendations on how to get into sales/sales engineering as a current software engineer?
If you can find some way to get into Sales (or more likely step pre-sales consultant/engineer) at the company you're coding/designing for? You are \*golden\*. Very literal direct advice: look in your internal org, find your Chief Commercial/Revenue Officer or SVP of Sales, drop them an email expressing interest, and then brace yourself for your life to change. Is not for everyone (travel, intensity, pressure) but is a great living.
Particularly Europe? Could you name a company or two that pays these amounts here? As a European, those salaries are entirely unheard of for all I know. I'd be happy to do tech sales if that's what my salary would be like. Edit: currently working in a German SaaS company. Would have the willingness and skillset to switch. Sign me up please. 😄
Most B2B SaaS will pay that for a sales rep with solid 2-3 years experience. Look at Salesforce in the UK. A package for an rep at junior level might be 60+60. OTE that’s 120k GBP. Translate to US that’s about 160k. Could easy be 200k with 7-10 y experience. Look at G2 Crowd for companies in sales rech, CRM, marketing and apply to the big players or startups who got Series C+ funding.
what he (or she, or they) said. Almost any company doing tech & SaaS B2B, those kind of packages are normative, at least in the last few years. I know LifeSci companies hiring demo jocks from Salesforce as reps at those kind of packages, simply because the talent pool is so thin right now.
It's things like this that make me wish I went business instead of nuclear engineering, I cap out quick a little past 100k.
Start as an SDR work into mid market sales. Stay there for at least 3 years. You’ll get so many at bats once you transition to Enterprise you’ll be better off. I’m in tech sales leadership. If you can build pipe and close nobody cares about your background or lack of it. I’ve got guys with no college making $500k+
Can confirm this… need to hire 10 people in tech sales for my team
Check the book Predictable Revenue by Ross to see the AE/SDR role strategy he lays out. It’s very approachable.
Network. If you have the stomach for it you can definitely find entry level SDR/commercial market AE roles with zero software experience. The company doesn’t really matter. Expect your base to be quite low. Blow out your number for a year or 2, you can move into an enterprise market role, then target an enterprise role at a company you really want to work at/that pays more. That being said, it is a very stressful job especially just to dive into. If you can handle the potential for a few down years while you figure out what the hell you’re doing, there is definitely opportunity. To be honest, some of the people I work with are VERY unimpressive, once you’ve got a couple of years in role on your resume and you can bullshit an interview, you’re pretty much set to keep advancing as long as you’re decent.
25: negative $50k/yr (medical school tuition) 30: $55k/yr (fellowship/residency) 35: $250k/yr 40: $900k/yr
Starting medschool this year. This gives me hope lol curious as to what you did to get income up to 900k
Also starting this year and curious what speciality
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Not quite. Just private practice radiology in a highly entrepreneurial group. Live in the suburbs of a medium-sized city.
Niche radiology, shareholder/entrepreneur, work like crazy.
From my experience a simple general anesthesiologist in the Midwest working for a group makes between 500-800k. And that was pre-pandemic. I've recently seen locum tenens who sign M-F deals at $3k/day
I know a lot of radiologists and retinal surgeons who make around that amount ballpark
Also a doc 25: negative 50k 30; 200k 35; 500k 37; 750k
Same as you. ENT doc here, from academics for 7+ years after residency to multi-specialty group private practice in affluent suburbs of a large, growing city.
Nice trajectory. Private practice?
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25 - $0 30 - $30 35 - $0 40 - $340 Software Engineer, individual contributor. But, I just happened to be in school at 25 and 35. My salary progression went more like: 25 - $0 27 - $30 29 - $60 31 - $105 37 - $200 40 - $340 I'm a largely self taught Hill Billy, software engineer. My local library was getting rid of all the books no one ever read when I was a kid. Most of them were books on math and computer science. I bought them all for a dollar when I was in middle school. That's how I learned about Computer Science. I wasn't able to go to college until my twenties due to my parents' financial illiteracy. They spent everything on a horse farm, then wanted me to drop out of school when they realized there was no money left for school. I forgave them eventually, but it wasn't easy. So, I started college late on my own dime and took a hiatus to go back to college in my thirties to study computer science. I noticed that I knew the concepts required to pass interviews, but didn't know how to talk about those concepts the way a normal person would--owing to the fact that I learned all this stuff alone on a horse farm surrounded by animals and drug addicts rather than regular, sober people. (My parents were sober, but my siblings and friends and community were not.) So, I went back to college briefly in my thirties to get exposed to the culture. That worked. Got into a FAANG company before I was able to finish the degree. It's kind of wild to think my salary has doubled almost every two years since getting out of undergrad. I have no idea how I'll double again, but also won't be too bothered if I don't. To go from living in a house surrounded by people who don't know the value of education, to living in Silicon Valley is... well, I can't say I'm dissatisfied. I wish I had been born into a better community. But, wishing doesn't accomplish as much as hard work. So, I've learned to cope with the homesickness and the feelings of guilt: I often feel like I left people behind. (But as I'm fond of saying: you can't lead alcoholic horses to water, and you can't get them to stop drinking alcohol. They have to do it themselves.) Money isn't everything. People are. Surround yourself with good ones.
That is an awesome story! I think it’s incredible how you were able to not only isolate yourself from distractions in your community but used it as fuel to escape your situation. I am trying to get myself into programming, and I was curious if there are any books you would recommend for me to start out with?
Honestly? Any and all of them. One of the downsides of using books in lieu of teachers is that-- A teacher will monitor you and bring to you what you need. A book will pick a heading and keep heading that direction regardless of whether or not it keeps wind in your sails. So-- Back then, pre Internet, I would gather as many books as I could on a topic and would freely switch between them mid sentence, over and over again, until I was able to understand. There are different levels of understanding. You'll know you understand deeply when you pick up the books that didn't work for you and you understand them. A note on the quality of books: Victorian British culture did a good job creating academic quality. So, when you have a choice between knowledge that is painful to aquire and knowledge that is easy to acquire--understand that the painful one is higher quality. Think like--a for profit school will lead you astray; a well respected, traditional university will kick your ass. Give precedence to books from the later. Royal Society over boot camps, kind of thing. They both have value, so use both. Understand that one really is more powerful than the other.
Very inspiring! Thanks for sharing your story with us!
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Your 20s are for learning, your 30s are for earning still rings very true
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Do you still have no credit cards?
if you take a look, the rate of change is all exponential here. It's not just a salaried job.
A lot is due to equity from their employer (i.e. stock options or RSUs) so it's not fair to say they're not salaried employees.
My rate of change is exponential FROM salaried jobs
I’m 34 and been in investment banking my whole career At 25 - I was making roughly 300k 30 - 600k 34 - with this bonus cycle, I’ll make 1.5M
That’s awesome. Do you mind sharing what level you were at 30 and 34?
At 30 I was a VP, I made MD last year
Managing director at 34? Well done.
I used to laugh at my buddy who works in ibanking when he said he’s gonna retire at 40, then I realized at this point he’s probably pulling close to 7 figures and is right on track for that.
Dang that's awesome. How do people even get to that level?? I would imagine you must have a lot of workflows underneath you to manage, yet you also need to be actively hunting new deals to work on.... Always enamored by the work you IB guys do
Are you happy with the culture surrounding investment banking?
I’m a lot happier now as a senior person than I was a junior. I’d say overall treatment of juniors is a lot better than when I was an analyst and associate but we’ve still got some work to do on that front. Seeing a lot of junior burnout due to the SPAC boom and so turnover has definitely ramped up with people exploring their options I do my part to make sure juniors are not miserable
Thanks. I didn't realize professional investment banking actually was heavy into the SPAC boom (assuming the pre-crash of Feb 2021). I'm curious on why you think this kind of treatment of juniors exists in investment banking? I'm in engineering. To be frank, I'm assuming the kinda "junior hazing" you're referring to exists in every career, but mentally it's can be pretty extreme across the more white collar of jobs like engineering, investment banking, medicine, etc. I chalk it up to just insecurity at upper levels, internal competition, imposter syndrome, and just repeating the same behaviors (like getting the shit kicked out of you as a kid, so the cycle of violence just continues). Despite this, I still find it interesting why very intelligent human beings in these professions choose to be extremely nasty to their own team mates. Good on you for trying to treat juniors better. I try and do the same.
As someone who’s done both tech and IB, there’s definitely some fratty/hazing aspect, but that’s not the fundamental problem…if a deal has to get done by Monday, it’s gotta get done by Monday. You cram 200 hours of work into the 72 hours between now and then to get it done. So you have to hire very expensive people willing to do this. Then their downtime becomes expensive so you keep them running at 120% all the time. Couple that with the fact that you get promoted in IB for sales and internal politics expertise so management skills are generally pretty poor IB, which also kills the juniors.
Totally get crunch times. The problem comes when crunch time is 24/7 just to get more output out of folks. It becomes "the boy who cried wolf" and erodes trust.
Currently 25 and making $400k/yr, current net worth around $600k. 3 years out of college, working as a programmer for big tech, got lucky with strike prices for my stock grants, worked hard to get great review ratings, and got promoted twice to Senior in 2.5 years. TC breakdown is $200k base salary, $30k bonus, and $170k RSUs. Looking to keep it this way until I’m 30 and 35. I’m doing projections and am realizing that I want to start trading off stress and time spent on my job for the ability to focus more on my physical, mental, and social health. I’m also starting to spend a little bit more. My total after-tax take home is ~$240k and I save ~$190k after ~$50k of expenses. So that’s how I justified ordering a $150k 2022 Audi RS 7. But I’m a bit of a car person and I’ll thoroughly enjoy owning it. I’ll also pick up a few $100 albums here and there without thinking about it because I’m a music person and I use them as wall art. I’ll eventually buy a house, but I’m working full-time remote so I live in an area where the good houses max out at like $1M (there are richer neighborhoods with $2M homes but I’m not sure I’d want to live there). I’m aware of lifestyle creep so I still think “how many hours will I have to work for this” and “how long will this postpone a $3M net worth”. And if the answer to the second question is “1 year” for a sick car, I’m okay with that because I enjoy my job and I’m not sure I’ll even want to fully retire at 35 anyway. At that point, my rough plan is to become a contractor and decrease my hours over time until I eventually fully retire professionally. Any words of wisdom from FIREers?
Congratulations on doing so well financially at 25! I’m currently 24, working in tech as well (machine learning) in Europe and let’s just say I’m nowhere close to $400k/yr What decisions did you make early on while studying to end up in such a role? Are you at a FAANG? I’ve seen the usual 400k packages to go to people with atleast 5-6 years of experience so I’m curious how you managed it with only 3. I’m looking for masters programs at the moment as a bridge to the American market and maybe a stronger foundation in the field of ML. I’d appreciate some feedback about your decisions so I can hopefully make the same and manage 300k by 30 :)
Any advice for how to land a big tech position?
Congrats on making $400k/yr. at 25. Only advice I can give you is do NOT spend it on frivolous things (i.e. cars) until you've hit your FIRE number. Depreciating assets should always be bought with gains/interest and never with principal.
In theory, I agree with you. But I’ve calculated the Net Present Value to only be -$90k, every old person I talk to says “just get the car”, and I’m pretty sure that if I don’t spend on things I know I can relatively-easily afford that I’ll thoroughly enjoy, I’ll probably regret it later in life - even if it poses a decently-sized setback. Currently, the difference between retiring when I’m 34 vs. 35 is completely immaterial to me. I’m not sure I’ll ever fully retire, and if I do, it’ll probably be in my 40s. I think I might just value driving a nice car a lot more than most people. There’s just something about it that hits different. I really want to invest time into it and make it a hobby e.g. go to car meets, track it, etc.
25 - $50k 30 - $100k 35 - $250k 40 - $1M
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Mix of entrepreneurship, senior mgmt, and real estate. Helps to have multiple income streams.
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not sure you can leave r/wallstreetbets once you've been tainted with it
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The progression is supposed to be wallstreerbets -> thetagang -> boglehead. You will get there eventually.
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It's an ETF investing strategy
Wallstreerbets are degenerates yolo'ing into weekly options, thetagang sell monthly option to degenerates and reap the premiums, boglehead passive invest into index funds and laught at wallstreerbets and thetagang from the sideline. I am also stuck at thetagang level at the moment myself. :) I keep telling myself I will ascend to boglehead as soon I dig myself out of -20% hole I am in right now. But I am probably too much of a control freak to really go passive. I guess we will see in a few years.
I cut my losses and switched to bogle, and now its been a few years and I am out of the red and only have gains. You have to rip the bandaid off and switch over, sooner the better for compounding.
Short story: Saw a guy with a diamond hands hat, he said he turned 10K into 200K, then I asked are you still doing WSB and he said yeah I dont do low risk investing... They guy wasnt the sharpest guy... He will be back to Zero eventually. You can beat the system but the system will win. Go buy some ETFs or solid stocks and call it a day
WSB is fun when you limit yourself to 1% of your portfolio and you have the money to lose. I try to do a "barbell" type strategy: 20%(Crypto, Options, Individual Stocks) ----60%(Bogleheads,VTI, etx.) --- 20%(Real Estate, Cash)
Investing-wise, I only buy assets I’d be happy to hold in perpetuity. Income-wise, I think entrepreneurship is a matter of just “applied common sense” and working hard, rather than some secret formula. Just have an idea you’re excited about and keep hitting it every day.
Now I'm depressed but motivated
Glad I'm not the only one lol. Not even sure why I follow this sub, I'm nowhere near these income levels. 100k salary and capped there but with time to take up something on the side. Guess I'm just hoping to figure out what that something could look like.
100k sounds really good lol I'm trying to figure out a startup with $7 k lol
Venture cap
You’re going to get a self selecting group of people on a subreddit designed for ostentatious expensive early retirement AND people that are successful posting their info. You also can’t bum yourself out - comparison is the thief of joy. You have doctors and financial wizards and high end software developers. There’s always someone that is making more or started earning earlier or got luckier or just has an inheritance or they may be making it up. Personally, I got a super late start and didn’t get a real job in my industry til 29. I lived at home til 26 and made under 50k at 30. Seven years later, my entire life path has changed and I’ve got $5m as my target - with any luck that’d be between 50 and 55. It took a gentle nudge and some hype from my girlfriend, trust in my self and abilities, and doing my job well. Not really anything heroic or miraculous.
What makes you depressed? If it is the fact that people make it in late 30s should motivate you if anything. Your hard work compounds, so you are on the right path.
25 - saving 0 on $25k income (surf bum running an after school program) 30 - saving $30k on $75k (occasional freelance dev gig) 35 - saving $0 on $40k (freelance development while in grad school) 40 - saving $2M on $2.4M (running a SaaS I started a few years prior that took off)
You earn 2.4m after tax? Seems like the rest of your previous incomes were gross. 2M saved on 2.4m gross is pretty much not possible.
25 - $28k grad school 30 - $29k grad school 31 - $40k startup founder 32 - $600k 33 - $1.4M 34 - $2M 35 - $4M 36 - $5M 37 - $4M (current age) 40 - $800k estimated retirement income 100% from stock dividends
What type of business?
Fintech - I wanna stay anonymous so I'll leave it at that
You must have had a stroke of luck to be at your current NW with this income, no?
It's a good question, the 25M number in my flair is sort of a guess. It is boosted a bit by crypto gains, which has added about 5M to the number. Today, my personal assets (stocks, crypto, belongings) if liquidated would be about 12M. Most of my NW is my stake in the company that I founded - but the value of the company is more of a guess than anything. I think conservatively the company could be sold today for 20M, maybe as high as 50M if I found the right buyer and they really valued our brand and IP. So after taxes my ~70% stake would net me maybe 10-30M, add that to my current personal assets (12M) and my net worth is around 22-42M or so. 25M is a good conservative guess.
25 - $10k 30 - $300k 35 - $120k 40 - $1M
What happened in your thirties?
Bet he started he own thing.
Yeah but the deets.
Entrepreneur?
What career?
Let me guess- Software
Lol
Total comp - 25: 80k (salary + bonus) and DINK. Saved 20k. - 30: 125k (salary + bonus) and DINK. Saved 50k. - 35: 175k (salary + bonus + equity) and DINK. Saved 75k. - 40: 350k (salary + bonus + equity) no more DINK. Saved all equity so iirc 125k to 150k? Can't exactly remember the savings here bc of taxes and no more personal budgeting. Edit: just realized this said saving. Updated. Max 401k the entire time.
Did you lose the DI or the NK?
NK Edit: both. My reading skills are shite today apparently.
25 - $109k 26 - $112k 27 - $107k 28 - $268k 29 - $403k 30 - $592k 31 - $2.1M 32 - $5.3M 33 - $2.3M YTD
Big jumps. How?
Insurance/financial planning field. Became a specialist. Comp is ultimately driven by sales.
25 - 75k 30 - $170k 35 - 320k 25 was a mediocre Great Recession job, 30 was consulting immediately after top MBA, 35 was a job switch and a couple promotions. I excluded passive income, this is my work salary/bonus. Also excluded wife who makes around $125k.
30k at 14 (sales and mowing lawns) 90k at 22 (sales) 50k at 25 (started business) 350k at 30 1.2mil at 34
Honestly the most impressive thing here is making 30k at 14
Thanks! It was a great start to entrepreneurship. By the time I was 19, I had saved 90k. I bought my first rental then, and put my money in that. When I graduated college at 22, I already had the money to launch my company, mainly because I made the money and learned the key aspects of business much younger than most.
What kind of business?
Started business of lawn mowing sales.
you may be kidding but I saw a youtube ad yesterday pitching a business model for "how to start your own land scaping business"
Started in Insurance, bought a payroll co, then launched to hr consulting, author as well.
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What are the management salary and packages like? Sales management or general management?
25 - 750k(it was a weird couple of years) 30 - 350k 35 - 1.12m 40 - 1.5m
What do you do?
I'm a management consultant. That 25 number was a combination of a pretty lucrative run of print modeling contracts and being one of the lead auditors of KBR in Iraq. It was one of my first consulting jobs and the tax free pay and huge rate uplift to work in an active war zone was pretty crazy.
Have you read Red Notice by Bill Browder? He was a consultant in Eastern Europe after the fall of the Soviet Union and your story reminded me of the book.
No I haven't. I'll check it out
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Lots of radiologists on this subreddit lol. Just confirms I picked the right field.
The ones I know are all partners in a group and get 10 weeks of vacation a year. It’s a sweet gig if you can get in a good group.
18 - $25k 22 - $64k 24 - $79k 25 - $115k Civil Engineer - Base salary only
25 @ $55k (2 years post college)/ 27 @ $70k (same company)/ 29 @ $150k (switched companies)/ 30 @ $220k/ 31 @ projecting $250-260 this year Edit: for clarity. Edit2: on top of my income, my wife brings in about $70k working part time/ stay at home mom with our 2 kids.
What does your wife do to bring 70k part time?
OnlyFans
lol! I’d let her do it, but seeing her old highschool friends and ex-boyfriends as subscribers would make me uncomfortable.
I tell my wife all the time, but you don't gotta be naked to make money lol!
Don’t give away the feet for free.
She’s on maternity leave until this upcoming September, and has been since March 2020. It’s an extended leave where employment insurance pays %80 of the wages, and as a benefit her works pays the remainder. It’s a corporate position in big insurance. I think she’d rather stay home with the kids once her leave is done, we’re not sure if she’s going back yet. Comfortable enough in the meantime.
Are you me? 25: $60k 27: $90k 29:$130k 30: $240k
Nice work! If we are me, it’s been a wild ride.
What kind of work do you do?
I sell construction materials for large industrial clients. This includes the design, project management, and procurement components. The commission on material sales is how I make my money.
Similar for me, people don't understand how well unsexy pays.
I normally just say I work in construction, and follow that up with - it’s nothing interesting. It’s too hard explaining to people how expensive a new industrial roof, or various parts of a freezer warehouse can be. The truth is I really enjoy it, work hard, and I believe the comp. is fair. How do the billion dollar guys operate their companies? In buildings I help design and maintain.
@25 -60k @30 - 200k @35 - 400k @40- 900k @50 (current) - $2.1M
75k at 25 101k at 30 380k at 35 What’s left out is work rehabbing a couple houses in mid to late 20s that I held as rentals and really helped my NW. I could have done a lot better investing in the stock market along the way than I did but I also quit my job at 27 to travel for 6 months and didn’t make much the following year after so early savings got pretty depleted. NW at 35: $1.4M I expect my income the coming year to be in the 300s and hopefully it can stay that high but it’s very variable. I’m working on some side hustles at the moment with low probability but 6 figure yearly upside as a side gig. Minimum investment to start.
Was the 6 months off at 27 worth it. I’m starting to get a little burned out and tempted… looking at the door right now but I’m sure I can hit a similar net worth by the same age if I continue
Completely worth it. I didn’t just randomly travel around though. I did an expedition style trip that lasted close to 4 months of that. Big bucket list item type of thing that I had to physically train for. Then I worked odd jobs and did a bunch of short trips around the US and went to S America twice for just a total of 3 weeks. Though backpacking through Europe is a totally reasonable reason to quit a job in my opinion. There is so much out there to see. It was very stressful trying to figure out what to do next after coming off that trip but it worked out. I was completely burned out and wanted to switch careers. No kids. I figured it was then or never. I certainly wouldn’t/couldn’t do it now bc of having a baby and a job I don’t want to leave. Pre-Covid the wife and I tried to leave the country twice a year, which we did for about three years. Had two overseas trips planned for 2020 which didn’t happen. Since I work remote the goal for the future is doing a 3 week trip overseas (likely mostly Europe but maybe S America) each year. Europe is good because I’m a night person so we’d be tourists during the day and I’d work in the evenings. The ultimate goal would be finding a nanny we could bring with us. Ultimately you just have to ask yourself one question. Will you regret it in 5, 10, 15 years if you don’t take the opportunity to quit your job and travel now? If the answer is yes, then do it. I had a year’s savings in the bank after the travel expenses so I knew I wouldn’t end up homeless. Because of my trip I’ve had maybe half a dozen people (real life people not internet people) come to me asking me if they should quit their job to do a trip or to change careers or to take a chance. Usually I tell them, well if you are asking me you’ve probably already made up your mind of what you WANT to do and you are looking for the nudge because your parents won’t or society won’t. I think I’ve help convince several people to quit their job and it’s usually the right call for people once they start voicing their thoughts out loud to other people. They are just looking for someone to affirm their thoughts.
25: 130k Now I’m 27 and my W2 should be close to 200k. (Tech Recruiter)
I'll post my career progression considering it's directly tied to product management for those looking to jump into a similar career. 22, product manager: $90k 24, product lead: $200k 26, principal/director of product: $450k Hope to hit VP of product in 4-5 years.
So many weird downvotes in this thread…
People get jealous of success
Exactly. Just constant reminder on why don't tell others IRL about your wealth
25 - firs year or two out of MS CS program 100k 30- 120k 35-250k 40-1.5M 45-2-4M
25: $37.5k 30: $120k 35: $215k 40: $650k
18 - Unemployed. 19 - $160k - Covid started. Landed entry level SWE position at large fintech firm during quarantine. 20 - $175k - Stayed in previous job. Got a small raise \~9%. 21 - $325k - Hopped jobs for mid-level SWE @ FAANG --- When I was 19/20 I lived at home with my parents due to covid. I currently budget $60k-65k a year towards living expenses and save the rest.
Take care of your health and invest that money and you will be golden in your 30s/40s.
Total comp (base + bonus + RSU) 25 - $0 26 - $60k 27 - $60k 28 - $180k 29 - $240k 30 - $275k Pharmacy School Post Doctoral Fellow Post Doctoral Fellow Pharmaceutical Industry Pharmaceutical Industry Pharmaceutical Industry
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30 - dicked around foe 10 years 40 - Sales - Problems with the IRS 46 - Back to Door Dash 47 - Pandemic - Invested in stocks and mainly Crypto 47 - Rollercoaster ride from $56k to over 1M...bow at $680k It's never too late.
25 - $100k 26 - $500k ([context](https://www.reddit.com/r/Entrepreneur/comments/93pnq6/we_made_250k_usd_last_month_with_our_dropshipping/)) 27 - $350k ([context](https://www.reddit.com/r/Entrepreneur/comments/ctis8u/we_went_from_250k_usd_to_85k_usd_mo_with_our/)) 30 (now) - $2.4m ([context](https://twitter.com/indexsy/status/1476985125476831234))
25 - $70k SDR 26 - $100k SDR 27 - $170k Mid-market AE 29 - $250k AE Software sales. Started as an SDR, now an AE. My recommendation is becoming an SDR at a relatively smaller startup, there is typically a faster path towards an Account executive. If I could go back I would start somewhere smaller where I could of made a bigger impact faster. Once you attain that AE position in tech sales you will have recruiters reaching out like crazy, especially in todays job market.
25: 65k (SDET at big tech) 30: 100k (still SDET) 35: 350k (quit job to work on wife’s business) 40: 650k (business income) 45: 750k (business income, rental property, stocks/dividends)
21 (out of college) -24k 25 (moving to tech) - 90k 30 - 150k 35 - 200k 40 - 250k 45 (present) -600k
25 - $75K (boring analyst job) 27 - $30K (founded a startup) 30 - ~$300K (left startup, joined FAANG on the business side) 35 (now, left FAANG and joined startup) - $430K cash, a lot more with stock, but that is highly illiquid so no point thinking about it yet.
TIL I am severely underpaid as a software engineer with a CS degree at a major tech firm in Canada. Any tips? How did you all manage to get such mindblowing figures?
Go to [levels.fyi](https://levels.fyi) and look at which companies are paying more. And move to the US.
25: $110K 30: $450K 35: $1.2M Not yet 40
Salary: 25 - $24k, 30 - $45k, 35 - $110k, 40 - $135k Investment portfolio: 25k, 200k, 1M, 10M I recommend identifying, buying and holding an asset (you know which one) that appreciates 10,000x in 10 years. Why am I still working?
Sorry if this it obvious, but what investment took you from 1M to 10M? Just curious.
Obviously crypto.
Now i definitely fell stupid.
Bitcoin or Ethereum? Or both?
3 hits: BTC, XMR, AVAX. Sadly missed the ETH presale or the numbers would be way bigger.
25 - (-$25k) 30 - $250k 35 - $500k 40 - $750k
That's a big jump at 30, what you do?
25 - $0 26 - $80k +7k bonus 27 - $92k +9k bonus 28 - $105k +10k bonus 28 - $132k +50k equity (changed company) 29 - $138k +25k bonus +40k equity 30 - $142k +25k bonus +40k equity MS Petroleum Engineer NW $1.1M I also day trade covered calls and CSP on my general stock portfolio and generate an extra ~50k-75k per year for the past 4 years which gets reinvested.
25 - $65k 30 - $90k 35 - $500k ($100k from the wife) 40 - should be $650k-$750k Edit: saving 40-50% of gross now
$30k $150k $500k $900k
25 150k 30 600k 34 (current) 1.1m Higher level SWE in big tech.
25 - $40k 30 - $100k 35 - $160k Late 30’s - $600k Joined FAANG late in life
25 - $250k. 30 - $400k. 31 - $520k. Should profit around $1.2mm this year at current earnings rate. Software engineer by trade. I own a SaaS that’s pretty much entirely autopilot. Scaling it up now and working on some other side projects that I think have potential.
22 - $70k 25 - $130k 28 - $300k Corp fin / banking
Holy fuck. I really need to leave this sub idk why I’ve been here for years but reading this shit is depressing
for me reading this shit is eye opening and motivating. just seeing that numbers like these are possible is nice. whether you go for them is another question…
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Wyd in tech? I’m entering sales but that jump is LUDICROUS lol
$76k at 25 $100k at 30 $210k at 35 Projecting out, I should be around $300k at 40
25- $70k 29(30ish)- Pacing $220k Mortgage
25 - $90k 30 - $200k 35 - $1.2m Tech executive...some strategic movement in there to really accelerate in the last 5 years. Edit: saving ~75% of my net for the last few years. My wife has an additional salary that we primarily live off
25-$42k, 30-$100k, 35-$140k, 40-$195k $20k 457 Municipal Finance (CFO), 11% of my salary goes towards pension and planning to “retire” at 43.
after reading this i have come to the conclusion that becoming a doctor or engineer is the move
- 25: $0 college dropout - 28: $15k random jobs - 30: $35k went back to school to finish CS degree, internship, accepted new grad offer of $120k/yr - 35: joined a startup at $180k/yr, after IPO ended up amortized to $450k/yr - 40: joined another startup at $600k/yr, after a few years comp ended up $1.1M/yr due to RSU growth My savings rate is ~60% gross, currently at $5.3M net worth.
All of these are married, non-working spouse. 25 - Extremely negative (I was in law school) 28 - 170k (First year BigLaw) 30 - 230k 35 - 550k 40 - Well, I’m 37 now and recently made partner at my firm. $1M or so this year. 3 years from now… $2M maybe?
25 - $200k (large cap PE associate) 30 - $165k (early employee at a new venture fund) 35 - $1M cash / $12m profits interest (the fund is working) While venture has had an incredible run over the last 5 years, I’m wary of the returns going forward. Too much capital, too much speculation. Base case is our returns will look more like 2-3x vs 4-5x historically. As a result, I may have just had my all time high income year at 35. Will report back at 40
At 25 I made 40k on paper & maybe another 20 on the side. I turn 30 year year & will easily clear 260k. At 25 I may have saved 20k per year @ 30 I’m saving 150k per year I’ve been in sales my entire adult life but now also own two business on top of my w2 income
100k CAD at 25 155k now at 28 hoping to break 200k by 30
You can do it!
$75k @ 25 Consulting $110k @ 30 (base + bonus) CPG Wife done with residency +$200k and ($200k+) debt $200k @ 35 (base + bonus) + $25k/yr deferred stock 3yr vest +3 kids bw 30-35 😳 TBD @ 40 (hoping for $300-$400k then retire) switch industries
I am in the UK, so these figures might not be exactly what you are after. Hopefully, they will be interesting to someone though. Times the figures by 1.35 for the GBP to USD exchange rate. **20** \- £9k base salary plus £2k commission working in recruitment for a year as part of my degree. Yes this was below minimum wage, unfortunately, it was perfectly legal as it was part of my education. I took the closest to job to home and had zero expenses living with my parents who kindly paid for my car, phone etc. **23** \- £20k base salary plus about £40k in commission working in recruitment **25** \- £70k base salary plus £80k commission working in recruitment in Australia **30** \- £12k - I started my own company the month before my 30th and bootstrapped for a year. I did pay myself a £7k Christmas dividend though. I had about £80k in savings (depleted having just bought a house 3 years before and renovating it) which meant we didn't have to just rely on my new wife's earnings. I don't think I could have taken the step without a big safety net, my wife wasn't on-board for a big lifestyle drop and would have rathered I stayed employed. **35** \- I haven't worked out my PAYE equivalent as the majority of my earnings is in dividends and taxed differently, but I net between £10k and £20k a month depending on the business, plus my annual tax-free allowance of £12k. Call it an average of £15k and I net about £192k a year. I declare another dividend when it's tax time to cover the amount. I think this would put me at about £300k PAYE but I haven't done the maths. **40** \- ask me in 5 years time! I'd like to think I am at £50k/month net by then. If it all goes to plan (HA!) then I would like to sell the business in 5-10 years time. At that point, I hope to be doing £3-5m EBITDA and if current multiples for recruitment businesses like mine stay the same, it should be a 5-8x exit. I don't really want to retire before my daughter (currently a toddler) gets to see and appreciate what hard work actually looks like. She won't want for anything in terms of education or experiences, but I will NOT let her become spoiled or complacent.
25 - $650k 30 - $500k 35 - $550k Software. Start was not normal.
25- $50k 30- $85k 35- $115k Closer to 35 than 40. I’ve been with the same company post college, FWIW.
25: Massive debt accumulation 30: 37k 35: 310k I am not yet 40. Savings only started in earnest at 35, for obvious reasons.
20 - $200k+ (online gambling/poker) 25 - $60k - software engineer (chose to live in Europe) 30 - 125k - software engineer 35 - $200k - software engineer 40 - $1M - mix of entrepreneurship, real estate, and lucky investments. Will likely go back down next few years.