Engineer Your Own Success: 7 Key Elements to Creating an Extraordinary Engineering Career
Fun short video where I talk about what kind of cars you can afford as an entry level Engineer. If you are thinking about majoring in Engineering this video might give you some insight on what kind of car you will be able to afford.
3:44 What fucking nonsense! He said he was going to live in downtown LA. For 1050 dollars a month rent in LA: you will live in the fucking ghetto. In fact, you would be lucky to find anything but an apartment in the ghetto. So you going to by an expensive car and park it in the ghettos of LA. Good luck with that. This guy is a moron!
I would invest it first off, maybe in property or stocks. I woulds still probably take $20,000 for a car because if you look around you can get a nice car for that. But I'd do shortish term investment like one or two years before I buy a nice car, unless I really wanted to get one before then.
I dropped high school. Got married with my gf. Work as an online affiliate marketing entrepreneur. Make $10k-$12k and since in married and make more than 7 time more money a month than my parents they and my siblings live with me and still have enough left. Just waiting on what car i want because i still haven’t made my mind.
Wow this is such a great video. My dream car that I would want to purchase would Lamborghini Aventador S. I work for a consulting company as a Data Scientist. Not sure if I can do it. But I am definitely going to be calculating this one. Thanks a lot for such a videos. Subscribed.
I like this video and it would be even better with some tweaks. When you are making this kind of money (not living paycheck to paycheck) and get a raise, you don't put it to car maintenance. If you rely on future raises to cover car maintenance (which can be expensive depending on year, make, and model) it means you can't afford the car. Raises would be best to go to investing in your future and putting some money away for experiences (travel). P.s. I agree with other commentators that he forgot to budget for student loans (which so many people have).
As an engineer you really don't need a Lamborghini. What I would do is get a truck and if you want a car to cruise in I would look into a nice Mercedes or Porsche. Both are nice cars and aren't more than $150,000.
You don’t mention exposure to risk. I love talking about personal finance because it’s a balance of survival, risk and fun. What do you think about limiting your car budget to 5% of income since it is a depreciating asset?
I know this video is about getting a car, but if it is either 1)buying an expensive car + no house OR 2)buying a less expensive car + a small house, go for the 2nd option. Car value depreciate, while property value increases most of time.
What a funny video. 6 years for a car payment? That's EXACTLY what the car companies want you to do and you have fallen into their trap! You also failed to consider insurance, gas and maintenance costs, which is super expensive to maintain. I call it consumerism at its worst. Who cares how much money you make, just follow this rule, if you spend more than you make, you're technically broke! You see these people driving around with their fancy cars, big boats and big houses. Those are probably leased. Either that or they have debts up to their eyeballs. Even doctors can be bankrupt if they don't manage their finances well. I'm not against buying nice things, just don't get over your head before doing impulse purchases and you will feel more powerful than anything else! Buying a car is the second biggest purchase of your life and the worst "investment" in my book. If you have the brains to graduated from an engineering school, then do your math, think before you act and you will be on your way to financial freedom. Bottom line, if you want to live the high life, be prepared to deal with the consequences.
Am a "sivilarkitekt" as it's called in norway i think i earn a bit more than and engineer, but i got 3 kids so it goes some money to that. So i think am at the same payment as you so that's pretty cool. (If you wonder am not playing minecraft at the age of 31 that's my son)
I want to do Business but in my school, it’s all about choosing your academy so I chose engineer because business is also about engineer and if business doesn’t go well with me, I could switch to engineer. So it’s a win-win for me! :D
Who the hell is so stupid to spend the half part of his net salary in a car??? And to spend the double in the car that in the rent??? The car price devaluates since the first minute you buy it, wasting this amount of money in a car having this salary is the worst inversion you can do -.-
Bruh, all these people talking about how they’d rather travel and or buy a house. I don’t know if you’ve noticed but the main subject of this video is cars :) He’s not telling you to go out and do this lol
I had a friend who was an Engineer and was always bragging about how much money he was going to make, saying that he will be retired by 40 and living in a mansion in the countryside of France. After 3 years of college and looking for a job for the last 6 months, he was currently in an unimaginable amount of debt and was sleeping on my sofa. The reason why nobody would hire him at the time is because he had no work experience, so he had to get an unpaid internship while his debts kept going up with interest. 2 Years later he completed his internship and did such a good job his boss offered him a permanent position! And although the pay wasn't all that great, he was just so happy to finally be earning some money to pay his student loans and other debts off. Long story short, several years have passed since then, and we're entering our 30's soon, my friend is doing much better, he is out of debt, got a nice house (it's not a mansion in France), another family on the way, and is earning decent money. It's just shame he went bald due to the stress of his work schedule, and most of his money goes to his ex-wife in alimony checks, taxes, and child support payments. We would still meet up every year and get drinks at the pub we used to sneak into when we were teenagers, however, we had to change our meetup location to Preston Cemetery.
This is the most clickbait video ever. Im in the proccess of finishing engineering. HELL No i cant a lambo. Maybe if
1) save up for 20 years
2) save up 20 years yet...i still have school loans
3) Living in california????? LMAO
4) engineering salaries in 2018 are so broad. generally starting at 65kish
I rather save for a house im not even a car person
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