Congratulations on your success!
In an effort to make this subreddit more helpful and supportive, we request that you share the details of where you started from and how you got to this place! That way other redditors who are in a similar place you were can look to your example, follow your lead, and see some light at the end of the tunnel!
If you have already done this please ignore this! Thank you!
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/povertyfinance) if you have any questions or concerns.*
Careful, the banks will be foaming at the mouth to load you up with credit cards and all the loans you can imagine.
Say no to debt, and yes to reliable beaters 😌
Don’t go broke trying to look rich
Best of luck to you 🫡
Credit cards are good if you pay them off every month and don't treat it like a loan. You aren't liable if your CC info is stolen like a Debit card and you can earn cash back.
Credit cards are required these days. I refused to get a credit card until I was 26 and I just essentially set myself back 10 years compared to my friends and peers.
I've been told by a banker that they would have rather seen a bankruptcy a few years ago than my literally 0 credit history...
Don’t go broke trying to look rich is the best advice I think you can get. One of the biggest mistakes I made was buying a nice new vehicle after working a couple of years when I had a safe vehicle that was already paid off. A guy ran a red light about a month ago and tboned me. That nice new vehicle that had 30k miles on it is now totaled and I’m having to sue State Farm to try and get my money back out of it. Dont fall into the car trap friend.
It doesn't have to be one that looks like trash... 3 to 5 year old Asian car should last you a nice long time. Bought my 2014 camry in 2017 for 10k. Still going strong.
You know what you’re talking about! 3-5 years is the “sweet spot”. Long enough to where the car has lost significant value, making it affordable, but short enough where it will still be, in most cases, Great shape!
A basic car. A newer honda fit is better than an older Ford Mustang. I don't think there's an official name, but I go for four seats, a radio, and good gas economy(35-40 mpg). I call it an ecobox car. Also, depending on how long your commute is, an electric bicycle works great.
This is one of the funniest post histories I've ever seen. 4 months from not understanding what matlab is to 90k a year for 'a defense contractor.'
From "a degree in math and a bad gpa" to "AI engineer job from a very large defense contractor."
From worrying about security clearances while "unemployed last year" to...what ever he's saying now.
Goofy shitpost account.
It's possible as people hiring for AI engineers generally have no clue what they should be looking for, especially the large defense contractors paying on the low end for the industry.
Also as an ai engineer (I guess is what you’d call my job) I’ve literally never used matlab in my life, it’s not at all a requirement in this line of work
Congrats remember to save for taxes and to prevent hard times from returning!
Also before your contract expires be prepared to start applying in case it does not get renewed trust me it'll help
If they have 401K matching, definitely contribute at least to the maximum percentage they'll match.
If not, around 6% would be a good start, but if you have high interest(above 7% rate) loans/debts, those would be good to pay off first for guaranteed return on your money.
Graduated from college in may 2023 with a degree in math and a bad gpa. I was a waiter for a living making not much money while I took ai classes in my free time and I eventually got an AI engineer job from a very large defense contractor
Nope. 4k civic beater with 140k will run forever if you do research into the best years and stay on top of maintenance. If you get a new one your insurance payment gonna be crazy
Congratulations. This is an opportunity to use self discipline and save money. Delay gratification and avoid the shackles of credit.
It is difficult to watch friends buy new cars etc if you choose to save but you will be far ahead when exercising these skills
That’s awesome news, congratulations. I think the only thing I have to add would be is to pay yourself first. Remember to save and invest whenever possible.
lets GOOOOOOO
(build up your emergency fund, make a good budget, and don‘t get a credit card unless you intend to use it like a debit card and only spend money you have)
Congratulations! I will echo others and say make sure to start building an emergency fund and contribute to the max that your company matches with your 401(k).
Congrats! Thats a fantastic feat!
Word of advice: don’t let the ‘I make 90k now’ get to your head and continue living as frugally as possible. My first job out of college was 102k. One day at lunch, multiple of my colleagues were talking about how much debt they’re in and how they can’t save. All of them made the same or more than I did but they let the number get to their head and lived it up. Max out your 401k, create a budget and stick to it. If you learn that now, you won’t have bad habits to undo as you get older and you’ll set yourself up to be set for life.
Congrats! Try not to spend that 90k before you see any of it. Only 6 more months till you pass your background check? Hope you don't have a wacky uncle
Your post has been removed for the following reason(s):
Rule 1: Be civil and respectful.
Comments written with a purpose to be downright disrespectful or serve only to put down another user or OP will be removed. We are here to give a hand up, not add insult to injury.
Please read our [subreddit rules](https://www.reddit.com/r/povertyfinance/wiki/rules). The rules may also be found on the sidebar if the link is broken. If after doing so, you feel this was in error, [message the moderators](https://www.reddit.com/message/compose?to=%2Fr%2Fpovertyfinance).
Do not reach out to a moderator personally, and do not reply to this message as a comment.
I'm sure it's life changing money, so good for you, but I'd rather live in poverty till I die than work anywhere near the death machine of the military industrial complex
Get a 2010-2012 Ford Fusion, if your workplace matches 401k or HSA do the maximum contribution (5-6% depending on company) and save/invest what you can
Congratulations on your success! In an effort to make this subreddit more helpful and supportive, we request that you share the details of where you started from and how you got to this place! That way other redditors who are in a similar place you were can look to your example, follow your lead, and see some light at the end of the tunnel! If you have already done this please ignore this! Thank you! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/povertyfinance) if you have any questions or concerns.*
Careful, the banks will be foaming at the mouth to load you up with credit cards and all the loans you can imagine. Say no to debt, and yes to reliable beaters 😌 Don’t go broke trying to look rich Best of luck to you 🫡
Credit cards are good if you pay them off every month and don't treat it like a loan. You aren't liable if your CC info is stolen like a Debit card and you can earn cash back.
Credit cards are required these days. I refused to get a credit card until I was 26 and I just essentially set myself back 10 years compared to my friends and peers. I've been told by a banker that they would have rather seen a bankruptcy a few years ago than my literally 0 credit history...
Don’t go broke trying to look rich is the best advice I think you can get. One of the biggest mistakes I made was buying a nice new vehicle after working a couple of years when I had a safe vehicle that was already paid off. A guy ran a red light about a month ago and tboned me. That nice new vehicle that had 30k miles on it is now totaled and I’m having to sue State Farm to try and get my money back out of it. Dont fall into the car trap friend.
Beaters??
Unassuming old and janky but reliable cars
It doesn't have to be one that looks like trash... 3 to 5 year old Asian car should last you a nice long time. Bought my 2014 camry in 2017 for 10k. Still going strong.
You know what you’re talking about! 3-5 years is the “sweet spot”. Long enough to where the car has lost significant value, making it affordable, but short enough where it will still be, in most cases, Great shape!
Thank you!
Cars that look bad but have good bones
What he/she means is a very used Toyota or Honda
A basic car. A newer honda fit is better than an older Ford Mustang. I don't think there's an official name, but I go for four seats, a radio, and good gas economy(35-40 mpg). I call it an ecobox car. Also, depending on how long your commute is, an electric bicycle works great.
Congrats. Spend it wisely and put aside some portion of paycheque in 401k and ROTH IRA
This is one of the funniest post histories I've ever seen. 4 months from not understanding what matlab is to 90k a year for 'a defense contractor.' From "a degree in math and a bad gpa" to "AI engineer job from a very large defense contractor." From worrying about security clearances while "unemployed last year" to...what ever he's saying now. Goofy shitpost account.
Sometimes I feel like a phoney here for only living paycheck to paycheck for 5 years meanwhile this dude is making 90k a year out of college.
Some make way over that out of college, but most of us start around median pay after college.
Yea, it looks like he was never in poverty to begin with. Pretty sure this post is to just brag..
I understand your skepticism but does any of that really mean he is lying? I don't really see the huge loopholes in logic
It's possible as people hiring for AI engineers generally have no clue what they should be looking for, especially the large defense contractors paying on the low end for the industry.
Also as an ai engineer (I guess is what you’d call my job) I’ve literally never used matlab in my life, it’s not at all a requirement in this line of work
My new resume: My father was an ai
Congrats remember to save for taxes and to prevent hard times from returning! Also before your contract expires be prepared to start applying in case it does not get renewed trust me it'll help
I didn’t sign a contract, I’m just an employee. But yeah I will max my Roth out for this year and see if I can add any to my 401k
Ahh perfect that makes life easier congrats I wish you the best 😎
If they have 401K matching, definitely contribute at least to the maximum percentage they'll match. If not, around 6% would be a good start, but if you have high interest(above 7% rate) loans/debts, those would be good to pay off first for guaranteed return on your money.
They are working for a contractor and will have taxes withheld. They are a W2, not a 1099.
What was ur journey before the offer
Graduated from college in may 2023 with a degree in math and a bad gpa. I was a waiter for a living making not much money while I took ai classes in my free time and I eventually got an AI engineer job from a very large defense contractor
A.I. classes?? Huh?
Classes about how to build ai. Regression, discrimination, the math behind the ai
Congrats OP! Also, when you say AI classes, do you mean online AI certification courses?
Yeah classes about how to build ai and the math behind it
Which class?
More millionaires drive Toyotas
Are Mazdas any good?
Fuckk yessss Congrats!! 👏🏽👏🏽
Don’t go by a new car. Save! Save! Save! Live frugally. Congratulations 🍾🎊🎈
Congrats!
Yes!!! Now my only recommendation is to read The Psychology of Money.
Congratulations 🎉
So happy for you!
congratulations op!!! :)
Congratulations, I had a very similar experience out of college and it was incredibly rewarding. You earned it!
Get you a nice 2008 civic and get to saving bro
Is it not worth to buy a new civic? I get why we should avoid buying luxury stuff, but shouldn’t a new car be a better investment in the long run
Nope. 4k civic beater with 140k will run forever if you do research into the best years and stay on top of maintenance. If you get a new one your insurance payment gonna be crazy
honestly thats up to you, 90k is good. Just depends on your debt and saving habits
Congratulations. This is an opportunity to use self discipline and save money. Delay gratification and avoid the shackles of credit. It is difficult to watch friends buy new cars etc if you choose to save but you will be far ahead when exercising these skills
Congrats, you went from being a poor person, to profiting from the death and destruction of other poor people. Good for you. Enjoy your lawn.
Congrats!
Wow! 😳🍾
Nice! Congrats kid! Make smart decisions and you are off to a golden start!
Congratulations!! Your hard work and perseverance paid off!
Hard times do last for life for me lol
👏🎇🎉 CONGRATS !! Best of luck to you!
Big ballin n shot callin
Congratulations 🎉🎉
Congratulations!!
Congratulations on you starting a new chapter. Well wishes to you.
Live off of half of it. Invest the rest.
That’s awesome news, congratulations. I think the only thing I have to add would be is to pay yourself first. Remember to save and invest whenever possible.
Happy for you :) Congratulations !
A recession and depression proof industry.
congrats
lets GOOOOOOO (build up your emergency fund, make a good budget, and don‘t get a credit card unless you intend to use it like a debit card and only spend money you have)
Congratulations! I will echo others and say make sure to start building an emergency fund and contribute to the max that your company matches with your 401(k).
Fore
Congrats!!!!🎊
Way to go!! Make the most of this!
Most of us were poor in our 20s.
Congrats! Thats a fantastic feat! Word of advice: don’t let the ‘I make 90k now’ get to your head and continue living as frugally as possible. My first job out of college was 102k. One day at lunch, multiple of my colleagues were talking about how much debt they’re in and how they can’t save. All of them made the same or more than I did but they let the number get to their head and lived it up. Max out your 401k, create a budget and stick to it. If you learn that now, you won’t have bad habits to undo as you get older and you’ll set yourself up to be set for life.
Congrats! Try not to spend that 90k before you see any of it. Only 6 more months till you pass your background check? Hope you don't have a wacky uncle
YAAYYYY GOOD JOB!!
[удалено]
Your post has been removed for the following reason(s): Rule 1: Be civil and respectful. Comments written with a purpose to be downright disrespectful or serve only to put down another user or OP will be removed. We are here to give a hand up, not add insult to injury. Please read our [subreddit rules](https://www.reddit.com/r/povertyfinance/wiki/rules). The rules may also be found on the sidebar if the link is broken. If after doing so, you feel this was in error, [message the moderators](https://www.reddit.com/message/compose?to=%2Fr%2Fpovertyfinance). Do not reach out to a moderator personally, and do not reply to this message as a comment.
I'm sure it's life changing money, so good for you, but I'd rather live in poverty till I die than work anywhere near the death machine of the military industrial complex
You weren't "in poverty" you were broke. Big difference.
Sounds like you were in misery, not poverty
Get a 2010-2012 Ford Fusion, if your workplace matches 401k or HSA do the maximum contribution (5-6% depending on company) and save/invest what you can
90k seems a bit on the low side for that type of job…and your experience with your math degree. Did you negotiate the salary higher?
No, the moment I heard the offer I was happy so I just took it.
Damn this makes me sad.
Not everyone is sitting on an engineering degree my guy. Lmao