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What Cars can you afford as an Engineer?

16746 ratings | 1149438 views
Engineer Your Own Success: 7 Key Elements to Creating an Extraordinary Engineering Career http://amzn.to/2FR3FdU 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.
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Text Comments (3849)
Adrián Beltrán (20 hours ago)
i prefer have an audi A6 (~40000€) and have my dream house, nobody thinks like me?
Lance Duncan (2 days ago)
Audi rs4
Almir Zorlak (3 days ago)
Its strange...so how these american people buying house for 3000 or 4000, 6000 dolars per month! Just watching travel channel...your salary is low
Joel Lopez (3 days ago)
lots of things missing. I make around the same and life is pretty tight at the moment lol
Mark Flierl (5 days ago)
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!
Go Beyond Engineering (5 days ago)
Roommates in a nice area
Green T (6 days ago)
Average Entry level engineer is paid $350 per month in India. That’s the reason of outsourcing. So compare to American engineer salary they can hire 10 Indian engineers instead.
Go Beyond Engineering (6 days ago)
That’s correct.
Mike Millions (7 days ago)
Good motivation- more inspections !!!
alberto corrales (10 days ago)
liked the video just by the title buthow do get to automotive engineering here california what do you recommend me
harsh vardhan (10 days ago)
This is crazy video ! No saving at all. Like seriously ! 150/month for safety ? Are you joking !! :D
Leon Kennedy (12 days ago)
A used saab.
Jonathan Gonzalez (13 days ago)
I live in Texas and I'm very intrested in aero space engineering what's the best college to chase ?
Abhi Gandikota (11 days ago)
Jonathan Gonzalez Stanford
DanielTheAppleGuy (14 days ago)
Invest your money and drive a honda
Mr M5 (14 days ago)
This is what's wrong with America only 7% saved for reitirment and even less for the emergency fund but no problem looking at 100 grand cars right out of college.
Sean Harvey (16 days ago)
Love the video. The cars were all ugly though. Get a Lotus
Filip Johansson (18 days ago)
Horrible video. You should obviously first instead save a lot money in funds or similar to then get a really nice car later, instead of putting 33% (LOL) of your income towards a car.
farhantahmid (18 days ago)
Where do you live? Only $1,050 for rent?
Go Beyond Engineering (18 days ago)
I use to live with roommates in a house. I was paying 1050 for a room.
whiterun city guard (19 days ago)
My dream cars are '69 mustang boss, a '98 supra 2jz gte and a La Ferrari
whiterun city guard (19 days ago)
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.
POLLUX (20 days ago)
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.
Hassan (20 days ago)
Life isn't about cars. It's about donating on a daily basis.
Iduz Things (20 days ago)
As a truck guy I would buy a Toyota Tundra Platinum CrewMax or a Silverado 2500HD High Country Standard Bed
arun antony (21 days ago)
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.
david cartagena (23 days ago)
Giggity Goo (23 days ago)
You live in LA and you pay 1,050 in rent? Do you live in a haystack?
Giggity Goo (18 days ago)
Oh ok makes sense now.
Go Beyond Engineering (18 days ago)
Sue (23 days ago)
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).
Go Beyond Engineering (18 days ago)
I have a tweaked video about all your points.
Fun stuff (23 days ago)
Hey can you please tell me what kind of software do you use for that drawing thing on the video.
Go Beyond Engineering (18 days ago)
Akshay Vinchurkar (23 days ago)
i am designer still not able to buy bicycle
Bhupendra Singh Nirwan (24 days ago)
Brother not applicable in india due to no gross salary get engineer
Samantha Hansen (25 days ago)
Is this biweekly or monthly?
Go Beyond Engineering (24 days ago)
Rhino Shield Wisconsin (25 days ago)
Good video
BadRukle Saber (25 days ago)
Thats if you find a job in the first place. But yeah I’m graduating aeronautical Engineering in 10 days and then Ill get my masters right away. Hopefully ill afford a nice car afterwards
Stephen .Shuman (18 days ago)
BadRukle Saber how are the job prospects for you? Are you able to find work in your specialty?
Chaofan Hou (25 days ago)
No offense, but 1000 dollar for food, gas and entertainment is not enough at all. Plus you need to buy clothes. For 4200 after tax, the maximum you can get is a car with MRSP 37,000.
Jonathan Acosta (25 days ago)
What "can" of car???
timothy mukombachoto (25 days ago)
Ferria 458 Italia
Big Neuton (25 days ago)
this news is even better when knowing you don't have to pay state tax lmao.
Luke J. / Nexus (26 days ago)
Ummmm you are not in a 50% tax bracket....... no way this is accurate. Also only $150 in safety?! and no savings? bs
rui nian (26 days ago)
I really hope new engineering grads dont actually buy any cars listed in this video when they graduate. Don't forget, cars are a guaranteed money loss investment...
RandomTube NOT-HD (26 days ago)
Buy a house those go up in value cars only go down the minute you take it off the dealerships hands and buying a house will save you money in the long run when you wont have to pay rent
Richard Alonso (26 days ago)
A Ford 😂
Rahul (28 days ago)
And that kids is how you live paycheck-to-paycheck
JC Denton (28 days ago)
Half your paycheck gone to taxes?? mate you need to learn how to setup a corporation
Ross_skatepunx248 (28 days ago)
You make 87k first year?
Steven Adams (28 days ago)
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.
phillip terry (29 days ago)
Dude you need to learn more about finances. Just looking at what u make. A 40,000 car would be high end for you. Stop teaching people to live outside there means
jbeastskill1212 (29 days ago)
What about car insurance
mo my toe (29 days ago)
What use is this video apart from boasting about an unrealistic wage as a new engineer...
Daniel Bybee (30 days ago)
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?
Go Beyond Engineering (29 days ago)
I didn’t mention it because it’s not a financial advise video. I had a car that was 5% my gross income and it left me stranded in the highway. Hahaha
shboo na (30 days ago)
if you are so smart with your engineering degree why can you build a car that runs in water? or natural gas f
ApOcAIlyPsE (30 days ago)
Nope. Nope. Nope. If you want to be poor forever buy these cars.
cannon stringer (1 month ago)
"2000 thousand dollars 200"
Hakar Doski (1 month ago)
engineers in my region get payed at least 30k no taxes no nothing, raw 30k
Steven Loeffler (1 month ago)
Audi R8
JDM Fan #41 (1 month ago)
Damn, the government takes a third of your paycheck.
Armer Qamer (1 month ago)
Whoho, your financial planning are shit
tufkid91 (1 month ago)
Fuck I all I got is a high school dioploma. Honda for life I guess.
Michael Relaford (1 month ago)
Just a quick question. Is that pay stub for entry-level electrical engineering and I'm also guessing it's per month.
Yash Raj (1 month ago)
In India we can’t even afford a bike as an engineer
Stephanie C (1 month ago)
*Can you please do the same video except with how much house I can afford?*
Answering Machine (1 month ago)
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.
Sean Bell (1 month ago)
He didnt even include elctric or gas bills lol
Andrea Costanzo (1 month ago)
In italy an entry level engineer can buy a fiat 500 If he is well payed 😂
Alexander Spratt (1 month ago)
haha, I have an Engineering Degree and am still unemployed, thus wish me goodluck!
Joshua Vander Heiden (1 month ago)
That seems to be a pretty high salary for an entry level engineer.
Go Beyond Engineering (1 month ago)
In the Bay Area it’s on the lower side of the average.
Richland Zee (1 month ago)
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.
XiLeFFeLiX (1 month ago)
Ulol60 (1 month ago)
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)
Jacob Patterson (1 month ago)
Or you could buy a used car, and get a better value.
Toni Krvavica (1 month ago)
It is awesome. On my college there is special parking for professors and it is literally like some car fair. Porsches, BMW Ms, AMGs, large jeeps and stuff like that.
Ben Brown (1 month ago)
yea go spend double your rent on a car for 5 years and let the value of that car plummet great financial advice also make sure to leave no room for emergency's
Andy (1 month ago)
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
Meet Akbari (1 month ago)
Forgot the car insurance
Pejo (1 month ago)
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 -.-
Brian Compton (1 month ago)
The car I would love to have would be the Ford mustang with the 5.0L v8 engine in it
Go Beyond Engineering (1 month ago)
Nice! The 2018 model is actually prettt nice!
Farhan Kabiri (1 month ago)
I wanna do computer scienc.
Mayur Limbore (1 month ago)
What if you get fired from your job.....🤣🤣
Go Beyond Engineering (1 month ago)
Your job should not be your only source of income
RickyRider35 (1 month ago)
Can you please get a better mic? Or speak more into it? It's hard to understand what you're saying. :)
Yumna Davids (1 month ago)
Ben (1 month ago)
Now do what a McDonald's worker can afford
Logicality (1 month ago)
Where do you work?
Jose Beltran (1 month ago)
Its called self employed my guy
Ishraj S. Inderjeet (1 month ago)
Thank you!
doebino1 (1 month ago)
Financially retarded.
ScarFAceKng (1 month ago)
very nice
dadman249 (1 month ago)
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
Miguel Rojas (1 month ago)
I just have a high school diploma. I’m in a 4 year apprenticeship this year I will make 75k. When I graduate the apprenticeship I will be making 100k not including overtime. #bluecollar
Heemiez (1 month ago)
How TF do you only pay 1000 in rent in Downtown LA??
Go Beyond Engineering (1 month ago)
Tagtw (1 month ago)
I must move to America !
aaron tran diep (1 month ago)
lmao, you would pay a heck of an amount for the insurance too. i'd say just get a civic
Number1Savage (1 month ago)
When he pays rent and not a morgage.
CaptainPenguin (1 month ago)
what kind of engineer are you?
Shadow_ Playz (1 month ago)
There’s also car insurance to put in effect
LouisBagHitSquad (1 month ago)
This is idiotic, REALISTICALLY as an entry level engineer you can AFFORD (meaning it actually makes sense for you to buy) cars in the 20k range, and you should buy CASH after 1-3 years saving up.
Kei Kurono (1 month ago)
5:24 i'm going to become an Engineer because of that
IBradFrazer (1 month ago)
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.
Duglet Gaming (1 month ago)
Enough to get me an rx 7 fd probably
Jamis Mirs (1 month ago)
Man, you talk like my 3 y.o niece when he faces us to explain his dumb actions.
Andrew Gray (1 month ago)
This video makes me depressed
Hoang Hai Vu (1 month ago)
Sadly, my 30 yrs old friend loans a corvette for after he gets his 2nd job, and he has NO mechanical engineering degree.
HingleMcCringleBerry (1 month ago)
u forgot insurance
AnnaFancypants (1 month ago)
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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