How I Spend My $250K Software Engineer Income
Joma Tech・13 minutes read
The speaker received a $45,000 bonus, jokingly putting $19,000 into a non-existent 401k and discussing their reckless spending habits, including a breakdown of expenses and plans for analysis, all for entertainment purposes only. They reflect on areas for improvement and mention their investment strategy centered around their children's future wealth.
Insights
- The speaker received a $45,000 bonus from a new job and humorously put $19,000 into a 401k account, despite not actually having one. They discuss their reckless spending habits, emphasizing that it's for entertainment purposes only.
- The breakdown of the speaker's recent spending highlights materialistic desires as the highest expense, showcasing a significant increase in total spending. They plan to analyze their spending further by exporting data into an Excel spreadsheet, reflecting on areas for improvement like transportation costs, and considering future wealth from their children as an investment strategy.
Get key ideas from YouTube videos. It’s free
Recent questions
How much did the speaker put into a 401k account?
The speaker put $19,000 into a 401k account as a joke.
What was the speaker's total spending last month?
The speaker's total spending last month was $18,900.
What does the speaker plan to do with their spending data?
The speaker plans to export their spending data into an Excel spreadsheet for further analysis.
What are the speaker's highest expenses categorized as?
The speaker's highest expenses are categorized as materialistic desires, entertainment, and business expenses.
What is the speaker's investment strategy focused on?
The speaker's investment strategy is focused on potential future wealth from their children rather than traditional investments like real estate or bitcoins.
Related videos
Stanford Graduate School of Business
Chamath Palihapitiya, Founder and CEO Social Capital, on Money as an Instrument of Change
Alex Hormozi
Money Lessons I Learned In Marriage.
Best Motivation Clips
One Of The Greatest Speeches Of All-Time | Floyd Mayweather
Nischa
I Quit My $300,000 Banking Job After Learning 3 Things
Akshat Shrivastava
NEVER invest your SALARY in Large Cap Mutual Funds | 10 SALARY INVESTING MISTAKES to AVOID
Summary
00:00
"Reckless Spending Habits: A Detailed Breakdown"
- The speaker received a $45,000 bonus from a new software engineering job and put $19,000 into a 401k account as a joke.
- They clarify that they don't actually have a 401k and proceed to discuss their reckless spending habits.
- The speaker's recent spending shows a significant increase, with last month's total reaching $18,900.
- They plan to export their spending data into an Excel spreadsheet for further analysis.
- Viewer discretion is advised as the speaker emphasizes that their reckless spending is for entertainment purposes only.
- The speaker categorizes their spending into various buckets like entertainment, food, rent, and transportation.
- A breakdown of their spending reveals materialistic desires as the highest expense at $4,000, followed by entertainment and business expenses.
- Specific expenses are detailed, such as concert tickets, a new bed, and a flight to Japan.
- The speaker reflects on their spending, noting areas where they could improve, like transportation costs.
- They mention their investment strategy, focusing on potential future wealth from their children rather than traditional investments like real estate or bitcoins.
