Is $79,500 a good salary for a 23 year old?

[TheWatchGuy]

Originally Posted by Mosaud1998

I'm not worried about the money per say. I love what I do and the people I work with.

I thought about what others have said and in the sales industry one month you can make $10k the other month you'll make $3k. It all depends on the market. Not really a stable job.

I love what I do like I said. But idk if in the long run It'll be beneficial or not.

I loved macroeconomics and microeconomics.

I got my associate's degree this year in may. I either have the option of staying in sales and seeing how far I can get or pay out of pocket for 2 years to get my bachelor's degree.

In the end with my degree, I'll make around $70k/year roughly.

But my goal is to become a sales manager or General Manager. The degree wont help me reach that goal. Expirence will.

Be careful with this thinking.

There are plenty of companies out there that you have been able to work your way up without a degree, that now require a degree to get into those management positions regardless of experience.

And starting out at 70k with a degree isnt bad either.

[TiMSport]

Originally Posted by Mosaud1998

Man, I tried to move out.

My folks are like "you're not moving out until you don't get your degree and get married"

I'm like well then :

They WANT me to go to school. I'm iffy on it

Are they helping you pay for school?

[JP10]

Originally Posted by Mosaud1998

I pay rent. I mean it's not much but

I know taxes are a thing. But in IL they're much higher

I'm not really worried about pay. It's just more of "is this job going to be good for me when I have a family and larger bills".

Like, if I decide not to go to school and just build my way up at the dealership, is that going to be a bright choice or will I regret it.

The way I look at it, if you're wondering what "could be" if you go to school now you'll be regretting what "could've been" when you're older. Trust your gut. Unless you are 100% satisfied with what you're currently doing then don't settle. Complacency is the forerunner of mediocrity.

[Mosaud1998]

Originally Posted by TheWatchGuy

Be careful with this thinking.

There are plenty of companies out there that you have been able to work your way up without a degree, that now require a degree to get into those management positions regardless of experience.

And starting out at 70k with a degree isnt bad either.

I mean I've talked to a few sales managers and GMs at other dealerships (I used to work for Honda and Kia. Not in sales Though). They told me they wouldn't hire someone with a degree and 0 experience in the sales field.

They would rather hire someone with 5+ years of experience in the sales field.

I have to pay $5k a semester out of pocket for college. It seems like a lot.

Maybe down the road, it'll benefit me.

[Mosaud1998]

Originally Posted by TiMSport

Are they helping you pay for school?

F no


I have to pay $5k outa pocket each semester for it not including books and other fees.

Plus I have to take out a loan. I don't recall the amount. I have to pay to do something I don't want to.

When I graduated high school in 2016. I planned on majoring in Marketing. My dad had a convo with his friend and his friends like he shouldn't do marketing because employers will only hire white folks.

Um, that's racist. So my pops told me to try out Mechanical Engineering courses since I am into cars.

I took a few courses but when it came time to take the harder level math and science courses I couldn't pass them for shit. I took tutoring lessons and everything. Nada kept failing.

Finally, I decided to shift back into the business world and finished up my associate's degree in 4 years...

I paid for my associate's degree too. But that was community college so not to bad.

At this point, I'm somewhat tired of school.

[Mosaud1998]

Originally Posted by JP10

The way I look at it, if you're wondering what "could be" if you go to school now you'll be regretting what "could've been" when you're older. Trust your gut. Unless you are 100% satisfied with what you're currently doing then don't settle. Complacency is the forerunner of mediocrity.

My guts telling me to stay in sales and build my way up tbh

[avantegardestyle]

Originally Posted by upstatedoc

Also, you have only been working for three months it seems like you're counting your chickens before they hatch. As long as you have reliable transportation, a roof over your head and food you're doing well. Oh and don't forget to get laid.

no, cause children and child support..........

[Tommy-G]

I have a few questions:
-Why not community college? (cheaper and still a degree)
-Do you have any idea what GM's generally make?
-Do you want to stay in the same area of Illinois that you're in or do you want to get out of that corrupt, pothole filled, tax ridden state?

[Ximian]

Originally Posted by Mosaud1998

My guts telling me to stay in sales and build my way up tbh

If the goal is GM at a dealership, there's only so many jobs available in your area. Their pay isn't always a ton either - 90% are covered by $130k per year. The average for certain IT engineering specialists (>4 years experience) in most of the larger metropolitan areas is the same and requires less "luck" to get those jobs.

A better way to look if your salary is good enough is how much your able to save at the end of the year. You've got plenty of potential at the moment.

Buying a home should be a priority unless you plane to move far away in the near future. In my opinion, any money you plan on investing should instead be going toward paying off debt like a mortgage. Much safer "returns" that way.

[TheWatchGuy]

Originally Posted by Mosaud1998

I mean I've talked to a few sales managers and GMs at other dealerships (I used to work for Honda and Kia. Not in sales Though). They told me they wouldn't hire someone with a degree and 0 experience in the sales field.

They would rather hire someone with 5+ years of experience in the sales field.

I have to pay $5k a semester out of pocket for college. It seems like a lot.

Maybe down the road, it'll benefit me.

im not saying to have no experience, and you will probably still have to work your way up. but the direction the country is going with most places requiring a degree for most management jobs, whos to say in 5-10 years the place you are at now wouldnt want one.

being older than you, i have several buddies that are now doing night school because they need that degree to get to the next level. At companies where they had worked their way to the top, just to find out that the new corporate direction was to have college grads at the top. Its shitty, but it is what it is.

[Mosaud1998]

Originally Posted by Tommy-G

I have a few questions:
-Why not community college? (cheaper and still a degree)
-Do you have any idea what GM's generally make?
-Do you want to stay in the same area of Illinois that you're in or do you want to get out of that corrupt, pothole filled, tax ridden state?

I got an associates degree from My community College this year.

The GM at My job makes around $164k/year

I want to move out to Texas but that won't be until I don't save enough

[Mosaud1998]

Originally Posted by TheWatchGuy

im not saying to have no experience, and you will probably still have to work your way up. but the direction the country is going with most places requiring a degree for most management jobs, whos to say in 5-10 years the place you are at now wouldnt want one.

being older than you, i have several buddies that are now doing night school because they need that degree to get to the next level. At companies where they had worked their way to the top, just to find out that the new corporate direction was to have college grads at the top. Its shitty, but it is what it is.

Hey man. The GM at My job paid to send the finance manager to finance school.

He might pay to send me to finance school who knows. I've known the guy for 2 years.

[upstatedoc]

Originally Posted by Mosaud1998

My guts telling me to stay in sales and build my way up tbh

Great! /endthread

[Joe T]

not to rain on your parade, it's ok and better than most 23 year olds

I pay high school graduates $25 an hour, 10 hour ot a week on average, company van, gas card, GREAT benefits, weekends off

That's $71,500 a year to turn a screwdriver/wrench

Pass a background check, pass a drug test


We just hired a bunch or warehouse guys too... $24 an hour to start, and because of the labor market, all the hours you want right now. Someone willing to work could easily make $90K with OT. Don't even need to graduate high school for that one. Just pass the background check and be willing to work hard

[Mosaud1998]

Originally Posted by Joe T

not to rain on your parade, it's ok and better than most 23 year olds

I pay high school graduates $25 an hour, 10 hour ot a week on average, company van, gas card, GREAT benefits, weekends off

That's $71,500 a year to turn a screwdriver/wrench

Pass a background check, pass a drug test


We just hired a bunch or warehouse guys too... $24 an hour to start, and because of the labor market, all the hours you want right now. Someone willing to work could easily make $90K with OT. Don't even need to graduate high school for that one. Just pass the background check and be willing to work hard

What's the job

[DETRoadster]

Originally Posted by Joe T

We just hired a bunch or warehouse guys too... $24 an hour to start, and because of the labor market, all the hours you want right now. Someone willing to work could easily make $90K with OT. Don't even need to graduate high school for that one. Just pass the background check and be willing to work hard

....$24 an hour to start (YES! ), and because of the labor market, all the hours you want right now (YES! ). Someone willing to work could easily make $90K with OT (HELL YES! ). Don't even need to graduate high school for that one (FUCK YES!!! Where do I sign up? ). Just pass the background check and be willing to work hard (Wait, what, hard work? Oh nevermind. Heading back to mom's couch...)

[upstatedoc]

Originally Posted by DETRoadster

....$24 an hour to start (YES! ), and because of the labor market, all the hours you want right now (YES! ). Someone willing to work could easily make $90K with OT (HELL YES! ). Don't even need to graduate high school for that one (FUCK YES!!! Where do I sign up? ). Just pass the background check and be willing to work hard (Wait, what, hard work? Oh nevermind. Heading back to mom's couch...)

Have you been into the rum?

[upstatedoc]

Originally Posted by Joe T

not to rain on your parade, it's ok and better than most 23 year olds

I pay high school graduates $25 an hour, 10 hour ot a week on average, company van, gas card, GREAT benefits, weekends off

That's $71,500 a year to turn a screwdriver/wrench

Pass a background check, pass a drug test


We just hired a bunch or warehouse guys too... $24 an hour to start, and because of the labor market, all the hours you want right now. Someone willing to work could easily make $90K with OT. Don't even need to graduate high school for that one. Just pass the background check and be willing to work hard

Would you be willing to take a 15 and 13-year-old?

[dscabra]

My first full-time job required that I be willing to give my life and it earned me almost $300 a month after taxes.

[c1pher]

Originally Posted by Mosaud1998

I'm not bragging. I just don't know how to feel about the $59k take home. can't do much with that.

can't buy a decent car without a loan or anything.

Don’t worry, it gets much worse. Call me when your annual taxes exceed your current salary.

[c1pher]

Originally Posted by dscabra

My first full-time job required that I be willing to give my life and it earned me almost $300 a month after taxes.

My first paycheck in the navy was $212 after tax.

[dscabra]

Originally Posted by c1pher

My first paycheck in the navy was $212 after tax.

Early '80s?