My Salary and Expenses as a Software Engineer in 2024

Рет қаралды 355,948

Dose of Devy

Күн бұрын

Пікірлер: 677

@Uplicous Жыл бұрын

Sending your mom money every months is absolute great!

@zacurrya9485 11 ай бұрын

That’s the goal with making software engineering money, retire your mum and travel the world

@PrinceZiim 9 ай бұрын

Yea dudes a real one for that 100%

@billylee5335 8 ай бұрын

Biggest Flex of the vid

@joelchandix 6 ай бұрын

bet u right

@Anisahassan7 3 ай бұрын

That's incredible

@tofahub Жыл бұрын

I make 295K with 5 years of experience as a software engineer in Seattle. My new grad offer was 72K in Ohio in 2018. I grew to 150K in the same company but what made the biggest difference was job hopping. I grinded leetcode so hard and doubled my income by switching my job

@thanhngangproduction Жыл бұрын

how long each of your jobs was and what were the position/salary? I started a year and a half ago at 88k and got about 3% increase every year but that's so slow.

@tofahub Жыл бұрын

@@thanhngangproduction I stayed with the same company for 5 years. Had 3 promotions and that brought me to 150K. I had my biggest break when I switched jobs recently and got 300K offer from a FAANG

@sofianikiforova7790 Жыл бұрын

You talking 295k in total comp?

@tofahub Жыл бұрын

@@sofianikiforova7790 right

@TehDemonic Жыл бұрын

@@sofianikiforova7790 yes nobody is paying 300k base salary for 5 years experience..... They'd have to be in a high COL area and have been no-life coding since they were out of the womb.

@tonithetigrrr Жыл бұрын

love how real and transparent you are. thank you for this! I'm currently studying to become a software engineer and videos like this help those days where it feels impossible, feel like it can and will happen as long as I keep my grind and focus centered. you gained a new subscriber and I'm so excited to see more content you put out!

@teamhop 10 ай бұрын

Hey I’ve got some really great news to share with you, Jesus Christ, the Son of God, died on a cross and resurrected on the third day so you may all have eternal life. If you believe and repent of your sins and put your faith and trust in Him as you would a parachute jumping off a plane at 25000 feet up in the air, He will give you eternal life in heaven as a free gift and I promise you, He will change your life forever as He did mine. He is the ONLY way to heaven and He loves you all. Please think deeply about this with urgency because this is your eternal life and soul, you don’t know when you could die, meaning you could die at any moment, so please consider this with all your heart. If anyone tells you that Jesus isn’t the only way, they are lying to you and they don’t care about your future.

@snowman2916 Жыл бұрын

"Look at this, look at this. Buddy has TWO SINKS. WHY DO YOU NEED TWO SINKS?!" Was all I needed to immediately like and subscribe. Great video man, I'm an SE right now and love watching videos like these and chatting with other SEs about where we're at financially because I believe the transparency is HUGE in terms of cultural progress. Keep up the good work bro!

@doseofdevy 11 ай бұрын

Thanks for the sub!

@boldlyoutspoken 10 ай бұрын

Absolutely fantastic video; I'm so glad I stayed lol. I forget how just heart-stoppingly expensive NYC/Brooklyn/etc is, and I do really feel bad for you guys. As someone who is much older and has been through the money struggles, I hope you always have the means to do what you want. I'd love to be able to send my parents money each month. That's why I found your video in the first place.

@nikostephen510 Жыл бұрын

spontaneous anarchy is much needed tbh earned a sub for your delivery + content + candidness!

@doseofdevy Жыл бұрын

Thanks for the sub!! 🙏🏾

@teamhop 10 ай бұрын

@nothing-oj1sz 11 ай бұрын

Sending money to your mom! God Bless you brother!

@aviatortrevor 11 ай бұрын

I was a software engineer in San Diego for 11 years. Topped out at $150k including 401k match and bonus. I'm an airline pilot now making $200k. Next year, $250k. The year after that, $300k. Once I become a year 12 captain: $400-500k. Senior captains who work a few extra premium paid trips: $700k. Way easier job. Way more fun. Way less stressful (except when shit hits the fan, which it basically doesn't, but we train and prepare for that)

@codegreenie3429 8 ай бұрын

Lol 😂

@keanharrison9374 5 ай бұрын

hey, how much did your schooling cost? i’m currently searching for the cheapest options

@MDHorror11 11 ай бұрын

Very respectable person and video! I am a Electrical Engineer in the DC / NOVA area and seeing someone at my age making the same money and not making the astronomical "300k+" engineer salary that job jumps every year or two for more pay is great to see. I enjoy your videos and stay loyal to that company!

@sachintharanatunga700 11 ай бұрын

Respect was earned when he mentioned he was supporting his mom, keep killing it!

@teamhop 10 ай бұрын

@Vincent09291 11 ай бұрын

Love the video, and mad props for helping your mom out. But for every 10$ spent on fast food in your 20s instead of going into investments (assuming 10%, S&P500) is about 400$ lost in retirement. If you cut out uber eats completely, just in your 20s and put that 200$ into an index fund, you can have well over $500K by the time you retire.

@158-i6z 8 ай бұрын

Thats actually crazy. Basic math too. I think Imma start investing because of ur comment.

@RiRi-ku6xz 8 ай бұрын

What’s the pint if you don’t enjoy life?

@Nootey33 5 ай бұрын

@@RiRi-ku6xz My guy has like 2k left per month with all his subscriptions and "wasting" money on food services ... He could easily invest 1k per month and still have quite some left over.

@gFamWeb 11 ай бұрын

This was me (sort of) for the past 6 months. Just got hit with layoffs (small company couldn't afford to pay me anymore). 3+ years of experience and now everyone wants 5+. Glad you're doing well and hope you keep safe!

@teamhop 10 ай бұрын

@ChrisDaveGG Жыл бұрын

Nice video man. I just graduated with my comp sci degree in May, and am not paid as well as you, even given the location, but I am truly blessed with my position, but I live in the midwest and have more money than I know how to spend... Our field just compensates extremely well if we play our cards right. New sub!

@strictlyforcomments Жыл бұрын

Make sure you're investing in your 401k! You admitted to having more money than you know what to do with, so put that money to work for you! At your age, the compound interest will make you an easy millionaire by retirement.

@LeftBehind666 Жыл бұрын

@@strictlyforcommentsWhat about if you're already retired? I'm 25.

@strictlyforcomments Жыл бұрын

@@LeftBehind666 I don’t understand your question.

@LeftBehind666 Жыл бұрын

@@strictlyforcomments What if I already am retired, what's the point of investing/saving?

@strictlyforcomments Жыл бұрын

@@LeftBehind666 you are retired at age 25? You already have enough money to last you for the next 65 years? Regardless, you invest a portion of your income while you are working so that the money can grow and eventually exceed how much you put into it. Then when you retire, you can stop working and sell your investments to live off of. So no, you don’t generally invest more money in retirement since you have no income. You are doing the opposite and selling investments. Hopefully your investment portfolio is large enough that you can sell about 4% each year. Doing this you will be unlikely to run out of money.

@lilalj07 11 ай бұрын

I respect your transparancy. Fellow New Yorker here. You've just gained a sub.

@spacewalker9375 Жыл бұрын

The spirit of transparency ,I too shall share my pay. I am not a software engineer, but I do bring in 108K per year. I live in a lower cost of living city compared to the expensive east and west coast. But breaking down to monthly numbers we have somewhat similar numbers. Per month I bring home about 7.4K (after tax etc.) and spend about 4.4K which means I save about 3.8K per month

@doseofdevy Жыл бұрын

Oh what do you do for work?

@spacewalker9375 Жыл бұрын

@@doseofdevy account operations manager. Essentially I drive things for my companies major customers and do a lot of process improvements among other things (both external and internal)

@bearenthusiast_ Жыл бұрын

When you mean "save", is that going into just a savings account? Or are you investing? If so, what in?

@doseofdevy Жыл бұрын

@@bearenthusiast_ savings account + a typical 401K, manual investing requires more knowledge than I have rn

@emilyau8023 Жыл бұрын

@@doseofdevyresearch an index fund pleeeease.

@amburfork1838 Жыл бұрын

Im 46 and going to school for software engineering... and I'm in a hands on C# course. You are giving me some much inspiration even as a young person. My son's are 19 and they work in tech. I hope they will see your same success ❤❤

@doseofdevy Жыл бұрын

Best of luck!

@madebydade305ify Жыл бұрын

What's the course name? I'm looking for a course to learn programming as well.

@kansascann486 2 ай бұрын

@amburfork1838 your comment inspired me. 35 and wondering if it’s too late for me. How I’m going to do it and everything. So thanks for that comment. I hope you’re doing amazing now!

@edward6408 Жыл бұрын

You’re blessed! Keep up the great work! I aspire to be in this position soon.

@Ivcota Жыл бұрын

I just got a bump to 160k this next cycle but I take lots of unpaid time off so I’m going to assume 145-150k. If you expense things through an LLC you can get in a lower tax bracket while also expensing a side hustle. Keep up the grind!

@teamhop 10 ай бұрын

@haleemhawkins8112 8 ай бұрын

Are you a contractor expensing through an LLC?

@sydk7014 Жыл бұрын

you're so real for being transparent w/ your salary + expenses! i rarely ever do that bc in this field it can feel like a big "measuring" contest but it's great education for those who want to either get in the field or elevate in it. awesome quality vids and it's fire seeing another Black person thriving in SWE tech!

@teamhop 10 ай бұрын

@PolyN- Жыл бұрын

This gives me motivation to pursue cyber security. Taking the free ISC2 course now and getting certified; then going for my Sec+. I'm taking EC Council courses, and a IT course; I hope to live as comfortably as you, but I'll stick to my 2006 Toyota Corolla CE lol. Thank you for the video, new subscriber.

@HiDeff09 9 ай бұрын

Down to my last year, currently working as a Jira Administrator making 55k in western NY. The struggle is real but once I secure this bachelor degree I'm hoping to be in a similar position as development/engineering is what I really want to do.

@AProfilename 4 ай бұрын

You got it without a bachelors?

@HiDeff09 4 ай бұрын

@@AProfilename yes

@AProfilename 4 ай бұрын

@@HiDeff09 oh wow congratulations thanks great! I am going to attempt the same!

@ramitchauhan9539 7 ай бұрын

The most transparent video I have ever came across KZbin. You are doing wonders. Respect!

@grunt7783 Жыл бұрын

What cracks me up is 140k in New York (Brooklyn) is the equivalent to 65k in Tennessee. So be advised that location has just as much to do with salary as experience.

@alexandrubaginean7369 Жыл бұрын

I reather live in NY in poverty and pay 1000 a month and keep the rest.

@volneypowlis8527 Жыл бұрын

Maybe in rural TN. In Nashville $140000 is more like $100000

@rahulp2288 Жыл бұрын

@@volneypowlis8527this is true. My work is remote and live south of Nashville (Murfreesboro) which is alot cheaper.

@Anonymous51701 4 ай бұрын

You can work remotely and get a good salary for where you live. E.g working in Cali, living in Texas

@tetsballer1835 2 ай бұрын

yea 130k is not starting salary outside of new york and silicon valley...more like 60-70k

@yash22s 11 ай бұрын

$4520/month for Rent especially with Room Sharing is Unbelievably expensive🙄🙄😤😤😤😤🤦‍♂🤦‍♂

@momane8434 6 ай бұрын

Granted he has a gym in the basement and individual bathrooms. AND he’s in nyc but yeah

@doseofdevy 6 ай бұрын

And a parking spot, and a roof deck, and a party room, and in unit laundry (the price is pretty normal for NYC actually)

@janknoblich4129 5 ай бұрын

He pays half of that

@studyou1016 5 ай бұрын

its really good for nyc tbh lol

@cody_codes_youtube Жыл бұрын

Bro, your videos are clean and fun. I'm jealous! You're one of the channels I keep an eye out for! It's only up from here, as you make more in your career!

@doseofdevy Жыл бұрын

🙏🏾 thank you for watching!

@teamhop 10 ай бұрын

@MSM4981 9 ай бұрын

I like your style of presentation and the perspective you have in revealing the important details. So unique

@mahdikooshkbaghi2293 11 ай бұрын

Thanks for such a detailed transparency. Wish you all the best.

@anthonyvolatile Жыл бұрын

So glad i found your channel bro. Second semester in man, really trying to make it in this business. Keep doing what you're doing bro, def an inspiration!

@_abzmoe_ Жыл бұрын

hope u make it

@jm10adz14 Жыл бұрын

I doubt you're going to see this but your videos seem very genuine and they kept me enganged.You earned a new subscriber, keep up the good work.

@Dividendology Жыл бұрын

This channel will blow up. Enjoy the ride.

@papi-alix 6 ай бұрын

Bro's transparency is what inspires us to graduate, great content man

@guitardude0909 Жыл бұрын

Not a software engineer but im a Salesforce Admin just got a new gig about 7 months ago. Making $110k. Just hit the 2 year experience Mark.

@Towla 11 ай бұрын

Appreciate the transparency g. More blessings to you for many years to come.

@lai7h Жыл бұрын

Loved this video alot man! Those NYC taxes are insane though..

@doseofdevy Жыл бұрын

Thanks man! And yes they are lmaoo

@Davysongs 6 ай бұрын

Wow thanks for this, really serves as great insight for me and others just starting out in the industry

@joshhoward7451 Жыл бұрын

Love your mindset man!! Save time with pre prep meal and travel while you’re young!! Very rare that people our age make over six figures.

@MrEffectfilms 8 ай бұрын

I literally just started learning how to code today and bro, you just gave me MAD motivation 😁. I could support myself and my wife with money like that EASILY!

@BIackBoomBox Жыл бұрын

I'm subscribing for the transparency you brought up. I don't know why people are so scared to show specific numbers when jt comes to Financials. I'm not the IRS 😂 but i'm young at 24.

@flelite3994 9 ай бұрын

*You're living the life young man keep it up good luck to you*

@firstnamelastname8006 11 ай бұрын

I came here trying to get a grasp of what to expect working as software engineer, ended up getting some useful advice for when I move out from my parents. Thanks for the transparency man. Found it really helpful.

@teamhop 10 ай бұрын

@Daniel.Claudio 8 ай бұрын

Thanks bro. One day, I can experience the way you're experiencing rn, but in the way I like to happen like yours. Thanks for the vital clip!

@mfz0967 8 ай бұрын

bro absolutely loved the transparency... keep up the amazing videos ❤

@CLHLC 11 ай бұрын

Love the way this video is setup and edited

@derickmoncado 11 ай бұрын

this was great man, instant sub. Keep'em coming. Making me want to make a video like this 👀

@dmnguye69 4 ай бұрын

You do realized too that it's not always how much money you can make but how you invest it in the end that will show how your retirement path will be.

@zachreece8410 10 ай бұрын

Liked a subbed. I’m a blue collar man.. but I’m quickly noticing my body is getting tired of the abuse I put it through. Always had a thing for computers.. this just motivated me even more to get a degree in software engineering.

@mjacksonjones 4 ай бұрын

Young fella…old man here also in software development for appx 25 years. That 3.5k you have left over, pls save at least 2k a month. Our industry is volatile and you will want that nice savings in times of leanness or when you get older and either want to start a family, and/or start a business. Try to save at least 100k+ and invest in some in solid stocks and index ETFs. Not fly by night long shots. And last thing, Make sure that you invest in your company’s 401(k) plan. If you don’t do anything else but invest up to the companies match, please do that that’s free money.

@littlestleaf7386 11 ай бұрын

I'm currently self teaching w/ in-depth tutorials about python to start getting into software engineering and my friend never really went into depth about much besides his salary being 100k with the company he's been at for a bit. So this gives me a really great perspective on expenses with salary rather than a basic 9-5 retail job with hourly wages (iykyk). This kind of gives me hope for next year if I apply myself consistently to be financially more stable than what I am currently :)

@MajorGabTech 11 ай бұрын

bro the editing is so funny, the subtle jokes here and there is so good

@Reachamine 8 ай бұрын

This video was such an eye opener for me, thanks for sharing these info!

@eshaandevnani 2 ай бұрын

you got to invest that money bro so you keep living great even after 40,50 whatever , absolutely enjoy your vids!

@brianruizy Жыл бұрын

really well made video Devy 👌

@doseofdevy Жыл бұрын

Thank fam! 🙏🏾🤟🏾

@NubaaaZen Жыл бұрын

4k in tax is ridiculous. Cool video and real transparency.

@shenaglar56 10 ай бұрын

Just came across your content and I love it! Btw you honestly have a nice voice.

@doseofdevy 10 ай бұрын

Thank you! 🙏🏾

@IgorLisx Жыл бұрын

I would say you also need to consider investing some of your savings in good index fund ETFs (SPY, VOO, VTI, SCHD, QQQ, etc.)

@KOSPokololol Жыл бұрын

Trying to land my first software role. Wish me luck, its rough out here

@YoutubeCurious Жыл бұрын

All the best...same journey

@gvibey Жыл бұрын

Being from Brooklyn & just as young this video is 1000% more motivating. Starting an info security course this week for the next 5 months that my job is paying for. Hoping that’ll be my ticket out of my warehouse job & onto a better life such as yours 🙏🏾 now subscribed 🫶🏾

@armankhondker Жыл бұрын

dope video man, fellow personal finance enthusiast here also :)

@alexfwi Жыл бұрын

love this, I’m in my senior year of high school and I’ve always loved the idea of becoming a software engineer. I hope that life goes fairly smooth and allows me to be in a similar position as yours !

@troytesoro7491 Жыл бұрын

I subscribed as soon as you said you send your mom’s money. Respect

@TheBeach5563 9 ай бұрын

Hey man that is awesome. Im trying to make my move over to the software side after dealing with hardware for a long long time. Studying Python now. Hope to get remote work some kind of way. So glad for you. Sounds like you are with a good company.

@andrewusa14 9 ай бұрын

Is python hard Im asking ng because I'm thinking about become a software engineer

@Name-bb8wo Жыл бұрын

impressive details Im doing my software engineer degree and I'm pressuring myself every day to maintain a 3 GPA in the hope of getting either an easy job opportunity or an exceptional one. either way, I need to be prepared thanks for sharing this information a lot of people shy away from displaying their salary expenses, etc..

@nickbezmaterny5567 11 ай бұрын

Good dude who makes good videos.

@ignacio2641 Жыл бұрын

the layout and post production of these vids are insane bro please keep it going

@doseofdevy Жыл бұрын

Thank you!!!🙏🏾

@mamba5075 8 ай бұрын

bro your voice is so smooth, like how????:DDD

@Dazai-t8d Жыл бұрын

hey man, i like the videos you make and give me motivation and very good vibes from your blogs, i tried to find other youtubers that has same effects on me but i couldn't able to find one. so please make more videos :)

@doseofdevy Жыл бұрын

I definitely will 🙏🏾❤️

@kel9245 10 ай бұрын

so insightful - concise and helpful

@eliseumds 11 ай бұрын

So articulate, great and informative video.

@Nonsense116 Жыл бұрын

I'm admittidly underpaid for my position. I have 3 years experience as a software engineer making $85k. Basically I'm still working at that first company I got a job at, haven't job hopped and I work from home from a medium cost of living place. But I"m still pretty underpaid. My manager and I have been fighting for a raise for a long time now but that ball is moving extremely slowly. The primary reason I don't apply for new jobs right now is because I'm finishing up my degree. But once that is over, I'm going to take a month break, then it's the leetcode grind!

@chrisc71342 Жыл бұрын

Even though you're underpaid, that's still more than I've made in my entire software engineer career. Keep at it!

@thisisntsparta5384 Жыл бұрын

Hey dude, honestly get out of there and move on as fast as you can to a new job. I was being underpaid similarly (3 YOE) but I wasn't working in a city and got to work full time remote for ~2 years so there was some positives. Was trying to leave in the last year anyways but the job market was (and still kinda is) trash. I fully recommend trying to apply now and at least get the voice out. The worst thing to do is stay loyal to a company (no matter how nice they project themselves to be) especially when they underpay you and make excuses not to raise your salary.

@thisisntsparta5384 Жыл бұрын

Also don't worry too much. Most of the highest paying jobs in the US are in cities with the highest cost of living (NYC, San Fran, Seattle). After tax and living expenses, they aren't being paid that absurd of an amount as you think.

@emilyau8023 Жыл бұрын

It matters where you live. A large salary doesn't matter for instance if you live in Hawaii. If you live in a south state, you can live so well on 60k+. If you live in places like Cali, 60k is barely surviving.

@nirglazer5962 Жыл бұрын

Yo, nice video! I know you're probably already doing this but make sure you're measuring out your tax deductions end of year. compare itemized with the standard (good chance your local taxes can get taken off on itemized). might be an extra few grand a year

@doseofdevy Жыл бұрын

Yeah I hired a tax professional after I started this job, because TurboTax just doesn't cut it if you don't know what you're doing lol

@Nitro_320 Жыл бұрын

⁠@@doseofdevydid you find this tax professional from a known company? May I ask where you found this person? 🙌

@cherishwilson2156 11 ай бұрын

I love that he gives his mom a stipend. Same thing I intend to do!

@Justanotheraccnt Жыл бұрын

Blessings brother! That’s awesome 👏🏽 🔥

@kyzuno5066 Жыл бұрын

Very well detailed and edited video!

@doseofdevy Жыл бұрын

Thank you!

@ikidakimasu Жыл бұрын

He lives off only his base salary and still saves 1k a month from it. He completely pockets his equity portion. He makes 240 TC and saves ~85k a year after tax. He says he's living it up, but he is far closer to frugal than extravagant. Every year he can buy an entire tesla + fly first class + spend a week at maldives but saves it instead.

@dynamo3059 Жыл бұрын

cant really call that frugal. rich is more like it

@TheSuperGamerPro 4 ай бұрын

Man US is another beast. I work for around $43.000 with the same experience, I am based in a Balkan country. And this is above average here for such experience. I'm a DevOps engineer with Bachelors and Masters degree in Telecommunications and Computer Science.

@strictlyforcomments Жыл бұрын

I noticed that you don't have any investments in your budget. You should really get on that! At your age, time is on your side. Compound interest would make you an easy millionaire by retirement. The best thing you can do for yourself is start contributing to a target date index fund in your 401k. The longer you wait, the more money you will have to save.

@techjutsu4066 Жыл бұрын

Congratulations bro your on all your successes.

@doseofdevy Жыл бұрын

Thank you fam 🤟🏾

@hellowill 11 ай бұрын

I'm 5 years experience SENIOR software engineer making about 100k USD. My country is so damn underpaid. My friends go overseas and make double-triple. I need to move soon :(

@hellowill 11 ай бұрын

What's sad is I'm paid well within the country (4x the average for my age). IDK how people survive on the average salary.

@doseofdevy 10 ай бұрын

Yeah you definitely gotta move!

@Jeorgy92 11 ай бұрын

I wish I didn't hate coding...

@Nelly_Nughz 9 ай бұрын

Why do you though? If I may ask.

@MaiaWinbeFerreira 3 ай бұрын

cause it's awful, noboy should sit all ay in front of a computer solving something abstract in computer coing laguange

@TalkingPigeon642 Ай бұрын

@@Nelly_NughzProbably boring

@rasserfrasser 10 ай бұрын

Your method of video delivery is very unique and way tight, your plug even flowed with the content. I'm just glad I had nothing in my mouth when you mentioned the amount you pay for rent. Also I think you're missing a '9' on the adobe sub, and common wisdom would say good for you, go to Japan, hell yeah but save 50%, not just 25% (I actually learned that from what Shaq learned from wealthy people he hangs out with)

@Cl8tn0822 Жыл бұрын

yes! Mint mobile ftw. Love having them

@Bojulioo 11 ай бұрын

I LIVE IN A 3RD WORLD COUNTRY, I WORK With 2 businesses in the US, i get payed 4000 usd a month net. I pay no taxes no fees, my mortgage and expenses are 500 a month. I can save and invest 3500 k a month. How in the world can I save and invest 3500 a month from a 3rd world country working in sales, my english is not even that good and I am 25 years old. Thank you Dave Ramsey

@Hazederunodat 8 ай бұрын

bro u goated for working in IT and training combat sports we rare out here

@lesserroadtraveled6112 Жыл бұрын

Great vid! But...all I could think of was Mos Def (Hitchhiker's Guide To The Galaxy) the whole time I listened to you😅 You're a beautiful person! Thanks for some insight and inspiration to coding life.

@doseofdevy Жыл бұрын

Yo thank you so much! 🙏🏾🙏🏾

@sarahliyt 11 ай бұрын

hey devonte ! this was a great video ! i really love ur videos and setup what is the mic you r using ?

@doseofdevy 10 ай бұрын

I’m using the rode wireless 2 and a blue yeti! Thanks for watching!

@hamedpolo Жыл бұрын

ayeeee im on mint mobile too. keep it up on the videos tho, they're sooo well edited

@doseofdevy Жыл бұрын

Thank you!!!

@motivaet5447 11 ай бұрын

Best mom in the world tax ... i love it man❤

@dlbrdb 11 ай бұрын

Bruh! After those classes?? You deserve every bit of that money! 👏🏾👏🏾 good job!💯

@TFDusk Жыл бұрын

Based on the few comments that I've seen I know your not intentionally doing this, but I believe it would be helpful to break down what your paying down into your pre-tax stuff, as it makes a difference between what your actual take home pay is as well as how much your putting down into your retirement. For example, for me I make around 120k, 5% goes into 401k right now, with the rest going to insurance funds. My total pre tax is 532, with 233 going into my 401k 116 going into an HSA account, with my takehome being around 2875, and after paying rent and bills, being 1860 which goes to food or whatever else. This next year I'm deciding that I want to increase my 401k contributions since now I have enough of a cushion to be comfortable doing that with to get the maximum that I can get, which I've calculated for my income to be 18% of what I currently make, which makes it around 841. I've also reduced my insurance for my medical to be roughly now 78 dollars instead of the 178 that I was paying before, so my pre-tax now is around 1048.65, for medical, dental, and contributions to my HSA. So, to me at least for retirement and medical funds 841 now would go to my 401k, and 125 dollars goes to my HSA account, while before it being 223 dollars to my 401k and 116 to my HSA. You would think I would lose around 600 dollars to my actual take home pay, but thats not what happens. I only lose 350 dollars, because the tax event happens AFTER you send money to your pre-tax expenses, so I'm taxed after spending the 1041 dollars. So I would now bring 2500 as my take home pay, and after bills and rent goes to 1507 to everything else. So right now the money that will be going to me starting next year would be going to me would be 3841 biweekly, with a pretax income biweekly of 4673.96 I think it's good to mention stuff like this, as until recently I didn't really have a good understanding of tax advantages that I could've been taking advantage of when I was making a lower income bracket while still saving for retirement or medical expenses, as well as give a good picture of how much you really save once you reach a certain threshold for your expenses.

@joaosousapinto3614 Жыл бұрын

Loved 2:36. Vote accordingly.

@kmoov90 Жыл бұрын

There's no job security and then you have AI automation which is why so many companies are laying off their employees. Lose the expensive apartment, Tesla, eating out, and other activities. That will save you at least $30K a year.

@isaack7457 Жыл бұрын

Spoken like someone whos not a softare engineer. AI not replacing us anytime soon.

@DittersGustav 2 ай бұрын

@@isaack7457not all of you, but some for sure.

@_kevin_wong_ 6 ай бұрын

hella inspiring bro, hope i make it up there soon

@willgale7187 Жыл бұрын

great outlook man, so nice of you to send $$$ to your mom

@caleboni.certified Жыл бұрын

Great video as always devy! Maybe I’ll make a similar video when my salary is closer to yours 😂😂 great job bro you’re doing so well 🔥💪🏾🤩

@doseofdevy Жыл бұрын

Thank you so much man I really appreciate it! 🙏🏾🙏🏾

@moneysignmahlatse Жыл бұрын

Not too picky on the content . Just upload more videos please 😭😭 . Love from South Africa 🙏🏿❤️

@Blinkers2007GameDev 10 ай бұрын

Thats a good amount of money for not having your own company. Im planning to make my own game development company(im currently 16 but when Im 22 I want to create it) but if I can't get that to happen I could earn a decent amount of money working for someone else or as a freelance developer. Your salary is really good

@n3g4t1v 11 ай бұрын

Good job bro ^^

@davidmbugua6994 Жыл бұрын

Great vid. Nice breakdown

@Billiski Жыл бұрын

The only thing I could really say is try to save 20% of your income a month if possible. Other than that great video my guy.

@doseofdevy Жыл бұрын

A bit difficult since I made a horrible financial decision to buy a car in NYC but I’ll work on that lol

@grayfoxr6397 6 ай бұрын

Man when you really think about it, you come right back down to earth where the people who make the average American salary is around there unless you living in a state where its not that much. Hhhh, NYC, my goodness.