Register a SA Forums Account here!
JOINING THE SA FORUMS WILL REMOVE THIS BIG AD, THE ANNOYING UNDERLINED ADS, AND STUPID INTERSTITIAL ADS!!!

You can: log in, read the tech support FAQ, or request your lost password. This dumb message (and those ads) will appear on every screen until you register! Get rid of this crap by registering your own SA Forums Account and joining roughly 150,000 Goons, for the one-time price of $9.95! We charge money because it costs us money per month for bills, and since we don't believe in showing ads to our users, we try to make the money back through forum registrations.
 
  • Post
  • Reply
Chaotic Flame
Jun 1, 2009

So...


SweetTooth Mephisto posted:

I just got the biggest raise I've ever gotten at this job and I've gone from 3rd shift to day shift. All I had to do was work hard for five years and make myself valuable enough survive multiple rounds of layoffs. Yay!

You wouldn't happen to work at a forensic mental hospital in Florida would you?

Adbot
ADBOT LOVES YOU

Chaotic Flame
Jun 1, 2009

So...


I just accepted a new job that came with (after negotiation) a signing bonus that will allow me to completely payoff my credit card and a 36% raise (with 10+% bonus) that will allow me to save more AND pay down my student loan more aggressively. Things are looking up!

Going to really start poking around in this subforum more to get a hold on my finances.

Chaotic Flame
Jun 1, 2009

So...


TNO posted:

Feels good now that I can tell any more interview requests that I'm no longer searching.

The best feeling.

Chaotic Flame
Jun 1, 2009

So...


This isn't really an incremental improvement but a facebook memory popped up that really showed me how much things have changed.

2010 - graduated college with a B.S. in Psychology and started a lovely job in the mental health field in a state-run facility
2011 - laid off due to state budget cuts and got a slightly better, but still lovely job in a private/public mix mental health organization
2012 - pivoted into I/O Psychology and started graduate school
2014 - graduated and got a job in market research in D.C. and relocated to NYC later that year
2015 - realized I was hemorrhaging money because I didn't know how to budget and NYC is stupidly expensive and started using YNAB (my net worth is abysmal)
2016 - started working in the I/O field as a consultant for a firm with a large jump in pay/bonus and getting my finances in order
2017 - moved to much cheaper Chicago, have a handle on my finances, and have a positive net worth for the first time (according to YNAB)
2018 - promoted to senior consultant making more than 6x what I was making out of college, maxing my 401(k) with an additional 7% employer contributions, and on track to buy my first home around the summer of 2019

It can get better folks and the forums definitely helped me get on track with budgeting and really changing my mindset around my finances and retirement!

Chaotic Flame fucked around with this message at 22:32 on Apr 12, 2018

Chaotic Flame
Jun 1, 2009

So...


spwrozek posted:

Nice job.

Going from (guessing here) 25-30K to 150-200K in 8 years is really impressive.

Started a little lower (21K). It was a really terrible job AND in Florida.

EAT FASTER!!!!!! posted:

Congratulations on your financial glow up!

Thanks! It feels good to be able to save and live rather than one or the other!

Chaotic Flame
Jun 1, 2009

So...


Good job!

Chaotic Flame
Jun 1, 2009

So...


Congrats! Building up a real savings feels good.

Chaotic Flame
Jun 1, 2009

So...


Finally opened and fully funded a Roth IRA for 2019 and just realized I'm now saving more each year, between my own retirement accounts and employer contributions, than I was making annually at my first two jobs out of college. Feels good!

Chaotic Flame
Jun 1, 2009

So...


Well, I've just accepted a job offer that's:

1) a dream job
2) a 1.6x salary increase and a 2.1x total comp increase
3) in an awesome (though more expensive) city closer to family
4) bursting with awesome ancillary benefits that are going to save me a lot of money while I'm there

I'm moving back to NYC but I'll be saving more than three times as much as when I left it and earning more than double. Once I crunched the numbers, I had no qualms coming back. Here's to living AND saving in NYC! :cheers:

Chaotic Flame
Jun 1, 2009

So...


spwrozek posted:

Yeah man. How did the negotiations turn out? Did you take it out get more stuff?

I did an update to one of the later posts. Probably should've just double posted so people got the notification. tl;dr no movement, still competitive and I accepted.

Chaotic Flame posted:

Asked for an 8% bump in total comp and we have a call set for later today to discuss. Thanks for all the input goons! Hopefully I'll have something to enter into the spreadsheet soon. Is that still a thing?

UPDATE: no movement on the offer. It was literally their best offer for the role/level I'd be coming in, which I had a feeling was the case for a few reasons:

1) They came in above their own stated ranges (HQ is in California so they have to provide ranges if asked) for both base salary and equity
2) I had another offer on the table (which they knew)
3) I killed the interviews during the onsite
4) They're hiring really hard on this team for NYC and want people there ASAP

Regardless, I've officially accepted and now we're working through paperwork. So, nothing to add to the spreadsheet but good practice in negotiating for an offer that's already really good.

Chaotic Flame
Jun 1, 2009

So...


SpelledBackwards posted:

Did you mean +60% pay (0.6x increase, or 160% of baseline), or did you mean +160% pay (1.6x increase, or 260% of baseline)? Either one is drat impressive, but precision of terminology is very important here and people say the wrong thing all the time.

Fair. The former, 60% increase in pay, 110% increase in total comp.

Chaotic Flame
Jun 1, 2009

So...


Purple Prince posted:

Well, it's been a tough couple years (I almost went bankrupt at the start of 2018), but I finally paid off all my regular loans and have 3 months of living expenses saved in an emergency fund. :toot:

Got headhunted for and am doing an interview for a new role which will boost my salary by 20-60% and could lead to a much bigger growth over the next few years.

Finally, completed a freelance project which I have credit on and IP involved in and which may become a much bigger business opportunity within a year.

Just going to chill for a bit and figure out what to do with my newfound ability to invest in stuff.

Congrats! That's a great glow up!

Chaotic Flame
Jun 1, 2009

So...


Started a new job and moved to a new city two months ago but have been traveling and hadn't had time to sit down and really go over the new finances until this weekend. Even with my rent doubling in the new city, with the new salary alone (not counting the bonus and equity), I've still got the entirety of my old salary's budget to play with so I'm throwing all the extra into my last outstanding loan so I can be completely debt free by mid/late 2020!

Chaotic Flame fucked around with this message at 00:12 on Oct 14, 2019

Chaotic Flame
Jun 1, 2009

So...


leper khan posted:

:yotj:
Doubling my comp. :getin:

Aww yes! :toot:

It's a good feeling

Chaotic Flame
Jun 1, 2009

So...


Just paid off my student loan, am officially debt free, and also hit six digit net worth a few months back. The last year has been pretty poo poo but financially, it's been pretty great for me - started a new job in August that was a 100% increase in total comp, paid off my student loan, still comfortably saving for a mortgage, maxing out all my retirement accounts, etc. Here's hoping nothing goes off the rails!

Chaotic Flame
Jun 1, 2009

So...


Retirement accounts hit six figures in 2020 and TC for the year was higher than my initial projections thanks to actual performance-based rewards (didn't realize by how much until my W2 came in)! :toot:

Also, is there a general finance/retirement thread? My total comp has increased to the point that I no longer qualify for things like a normal Roth IRA (I believe I can still do a backdoor Roth?) and I'd largely only been using my employer 401(k)s (and rolling over each time I move jobs) and Roth IRA as my retirement vehicles. I'm not sure where to go at this point though. I think I need help understanding what's possible at my compensation now and whether I can still do things on my own or if I need to have a financial person to help navigate things (but wary of fees, useless investment vehicles, etc.).

Chaotic Flame fucked around with this message at 16:33 on Jan 26, 2021

Chaotic Flame
Jun 1, 2009

So...



Thanks!

Chaotic Flame
Jun 1, 2009

So...


I've recently hit a milestone that I truly never envisioned hitting when I entered the workforce post college making ~$23K in 2010.



It's just crazy how things accelerate once they get going. Three years to go from worthless to six-figure net worth and then only a year to get to $250K.

Though still have a ways to go if I want to be able to pull down the same money I'm making now in retirement.

Chaotic Flame fucked around with this message at 15:55 on Apr 3, 2021

Chaotic Flame
Jun 1, 2009

So...


Beach Bum posted:

This'll probably be my last post in here for awhile, but for the best reason.

I had a bunch of CC debt and a car payment, which I have been working at on and off for the last 4?-ish years. I had a thread that died, and nearly two years ago I got back on the wagon and started grinding, hard.

In June 2019, I had just over $18,000 of debt between the car loan and the credit cards.

As of today, I am net positive on my regular accounts, and only have my mortgage remaining.



I was unfortunately laid off this month, but due to my diligent budgeting and reduced spending over the last two years, along with a healthy severance payment, I now have a net worth of about +$5,000 on my non-investment rear end, and I haven't even gotten my first unemployment checks. I have an excellent interim gig as a cabinetry carpenter's assistant/apprentice, a couple other private side gigs bringing in semi-regular income, and an almost unbelievable offer in the industrial power generation industry which will land me a 25% increase over my last salary, starting in Q4.

:getin:

Chaotic Flame
Jun 1, 2009

So...


Omne posted:

Aaaand just paid off my last student loan!

Nice! :toot:

Chaotic Flame
Jun 1, 2009

So...


H110Hawk posted:

Oh hell yeah :toot:

:toot: Such a good feeling!

Chaotic Flame
Jun 1, 2009

So...


Lead By Example posted:

I recently got my dream job doing convention event logistics for a board game company. Historically I've always bought and resold collectibles for a living, mostly gaming trading cards. (Pokemon, Yu-Gi-Oh, stuff like that.) I used to own a brick and mortar game store before 2020, and I would always get booths at gaming expos, sports shows, trading card conventions, etc to buy and sell collections of cards. Covid made the entire collectibles industry go absolutely bonkers, and with that has come a recent wave of startups and financiers looking to "take over the industry", so to speak.

I met the c-suite of the company in question basically through dumb luck, they really needed a specialist with expertise in the gaming industry, and boom, I'm making 100k a year doing event logistics for a board gaming company. The world is a crazy place.

An actual dream job. Congrats goon!! :toot:

Adbot
ADBOT LOVES YOU

Chaotic Flame
Jun 1, 2009

So...


Congrats on the first substantial bonus! Usually the first of many

  • 1
  • 2
  • 3
  • 4
  • 5
  • Post
  • Reply