What Cars can you afford as an Engineer!
HTML-код
- Опубликовано: 28 сен 2024
- Ever wondered what kind of car you can afford working as an Engineer?
ARDUINO BUDGET LINK!!!
www.amazon.com...
Slightly more expensive kit
amzn.to/2CaQlT4
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.
No student loans, no future savings for home, mortgage ,down payments etc..This is a YOLO calculation.
how do u know he already payed off his student loans or that he didnt need student loans cuz his family was rich enough buy the tuition?
post grad. You dont think about that shit. have fun now because the next 40 years aint gonna be fun.
Or just get a couple year old car from a good brand that depretiates like hell (jaguar, massurati, Cadillac, Corvette, etc.).
Studens loan, laughs in eu
Article13? *laughs in memes*
Im gonna become a scientist that can invent a soap that can kill the rest of the 0.1%
LMAO
Best comment yet
Best flipping comment EVER!!!!
Clorox Bleach You're the hero we don't deserve.
Clorox Bleach no I think you should become a comedian
Nah, I can afford a Lambo with my lemonade stand thank you very much.
ayeee JR Garage lmaoo
Reuben U This whole video is @Vehicle Virgins
Actually you can get free lambo. Bottle your lemonade, get a lemoghini your company pay for it as summer promo vehicle.
Reuben U LMAO!! Also drive it to school to get crazy reactions 😂
Reuben U ugliest and most ghetto damn Lambo I've ever seen in my life. The seats are in crappy condition (wrinkles, cracking, etc), it's got lots of miles, and that's the ugliest damn wrap I've ever seen on any car in my LIFE.
i wanna be a engineer now time to study and do good in school
dont do it unless you go into software
@@jamalcrawford7571 y?
@@TsunaXZ poor job outlook. Too much supply but less demand. This applies to USA and Cad.
@@jamalcrawford7571 I'm going for Computer Engineering do you think it's fine?
@@TsunaXZ
The number of software developer jobs greatly outnumber the real computer eng jobs.
But you can go into software as a comp eng graduate so it is a decent field, yes.
As long as you like to code or can tolerate it.
Or you can buy a cheap car with cash and ride around in that until you have saved enough cash to buy the ride out right!
good idea
MaxxedMatt until you crash that car
_. ATG Well I have had the same car since April of 2014. I paid $1500 for it. Crashing is something that we can not always avoid. However, I have never been in a crash or had a ticket. So, I'd say I'm pretty well off at the moment.
MaxxedMatt the whole concept is silly. 2k for a car how about saving a 6month safety net incase you have a accident and can't work. Also a car is the worst investment as soon as it rolls out the garage it losses so much value.
AH17293 Trust me, I 100% agree with you. 99% of cars lose their value you as soon as you sign for it. And I have a somewhat of a safety net. I have 17k(USD) saved up. Unfortunately, I'm gonna have to dip into that to pay for college.
if I calculate in student loans..then it's definitely a Kia
haha I know right, student loan life
J Ev should have went to a cheaper school lol
This is why I chose Nursing and a masters as an anesthetist after... The payout is instant once you enter the field.. Traveling and per diem are a plus. Engineering is fun but it doesn't pay well for the amount of stress and work involved.. I cant do the Kia either, playa lol! Goodluck, pay off those loans so you can ball out..
Lemurai engineers usually do pretty well :)
Engineering doesn't pay well? what? It is the most high paying field (software engineering, electrical engineering, mechanical engineering, civil engineering, etc.)
in india 6000$ is anual package for an average engineer..that brings to 500$ per month ...if enter these inputs on that site ..it recommend me to buy a cycle 😂😂😂😂😂
you cant compare 500$ in india to 500$ in the US though ;) Same with 500$ USD in Thailand, you could pay food for at least 6 months with that amount
That's Rs. 360,000 per year. My grandpa gets government pension receives Rs. 35,000 a month which is more than that salary...damn.
I am an engineer not employed yet, and I fear I go bankrupt every day, I need to build a house, pay back educational loans, look after my parents, etc.
BRBall
why would you work in india?
- what car can an entry level engineer actually afford ?
Youve just said it - A FORD
25 Feb 2021
Edit: wow... appreciate it guys! Thx 4 the likes
A liitle from me, dont feel ashamed of your job. Even it pays sucks. Everyone should start somewhere. And everyone maybe not reach to the top and thats alright. Ive always have a picture of myself as an engineer and i have respect and proud of myself because of that. But there was something happened that made me didnt choose what i thought im destined for. And i thought that learning engineering is a luxury for me back then. So i accept my fate, turn around and become learning economics and accounting. For u all engineers, yall have huge respect from me. Yall keeps civilization running and evolving! even though you are the guy behind the scene. TAKE THAT PROUD MAN !!
Daniel R Goldman Ford GT
Daniel R Goldman No offense but this is the worst joke I’ve ever seen
Lol
Daniel R Goldman brand new f250
Fine I’ll get me a Mustang GT and get it to 1000 whp 😈
If you are getting a car loan for 6 years that is a huge mistake. The maximum car loan should be no longer than 3 1/2 years. They will maximize interest after that on your total payments.
ThingsToDo Yeah, but you do not necessarily have to give the minimum each month. I would use 6 years as a safety feature because if employment ends or comes to a halt due to health issues I would rather have a $200 payment per month due than $500-$900/ month required MINIMUM. It depends on who will actually have the initiative to give more than the required minimum payment I guess. Otherwise I would agree--3-4 years max is the way to go.
I would personally purchase a home with a $1,500 mortgage payment plus utilities a month than a car with those similar expenses if I already have a reliable car. As long as it is in the right spot because the $1,050 going to rent already would also go to the mortgage so technically it would be $500-$800 a month for mortgage and I'd still get to purchase a car if I needed it or wanted it.
Or you lease the bloody thing and then transfer your equity after the term
Not always got locked into a 0.9% loan, factor in inflation it's like borrowing money for free. The trick is get last years model at end of the year clearance when they are desperate to get rid of them.
Car loans can make sense if you consider opportunity costs. If you qualify for a loan at 5% but you think you can yield 10% from investments, it makes sense to finance the car. Taking out a loan could give someone enough breathing room to contribute to a Roth IRA which has annual maximums -- if you skip a year, you don't get that opportunity to contribute back.
paying in cash should be if you plan on keeping the car for many many years. I bought a car last November and am already thinking of trading or selling it. hasn't even been a year yet. thought about paying it in cash at the time but I was convinced by my shopping partner who was with me to finance instead. still might end up keeping the car but I have tons of money saved up that I didn't use to buy the whole thing in cash.
Your car payment is more than your house payment. Very bad choice considering cars depreciate the minute they are taken out of the dealership...
Johnny Gonzalez thats why you buy used
Maybe some people are car enthusiasts and could care less about depreciation as long as they have their dream car. Different priorities plus as an entry-level engineer he should crack 6 figures in no time, then he can focus on home investment.
Morris Kal B buying an expensive car when you just got a job and living in an apartment is not a good idea. Assuming that you are going to get a raise or get a job that pays more is one of the worst financial decision that you can make.
Johnny Gonzalez a house depreciates the moment you buy it, granted it depreciates slower
Jake Weber houses increase in value over time.
To be honest, ur boss's car determines ur best daily driving car..
but if you're entry level you don't need a very nice car, you just need something that is around $20,000 - $30,000 and you're good.
Joshua The Science god what do you mean “you don’t need”? Nobody no matter how much they make needs a nice car. It’s all about what you can afford AND want
Alwyn Manalil , what? you don't need a nice car in life. well it depends on what your definition of nice car is, my definition of a nice car is something that is over $40,000
Joshua The Science god I know nobody needs a nice car, but that shouldn’t prevent someone who is actually into cars and views it as a passion from buying it if he/she can afford it. Most people don’t need a nice house. Does that mean they should just look for the bare minimum when they could actually afford something nice? No. Not everyone views their car as just an appliance like their toaster.
My boss drives a Tesla P90D
$2000 is more than enough for a trip to Japan. Thanks for the advice.
Miguel Pena What if you got to travel for free?
RelearnMath Considering you work in electrical engineering, will you be given the chance to work abroad ? I'm currently studying A-level physics, chemistry and maths and am looking into engineering and would love go travel.
Hello,
Yes I get to travel often to different parts of the world. I will have a video up soon about traveling in the Engineering field.
RelearnMath Thanks! I'll be keeping an eye out for it 😅
I'm an Electrical Engineer, but can't get a job :(
An E46 M3 currently is my dream car, it might not be the newest or the most expensive ( although prices for them are going up :/ ) I think it is one of the best looking cars ever produced!
It'sKall just by your profile pic and trashtalk you make, I can say now you are poor shit and never achieve anything.
An E46 M3 huh ? Why not a e30 m3 ... a 80k e30 ...
The e30s are nice I just prefer the look of the e46 :)
CeSayrise some people just have preferences. My dream car is the 2006 Mitsubishi Lancer Evo IX. Sure it’s not the most expensive or luxurious, but for some reason I’ve always been very fond of it. The way it looks and the legacy of it. It goes for about 30k. If I was making 80k that’s pretty good. I have enough money to buy the car and upgrade it however I like.
krtek For some people, it’s not all about having the most newest or expensive car you can buy to show off 😂
This video conveys the absolute worst message to people in their 20's. The last thing you should do in your 20's is straddle yourself with this kind of debt in a severely depreciating asset. I'm a software engineer and I'm proud when I pull up with the worst car in the parking lot. You will always be chasing money, never getting ahead of it with this sort of advice. Not to mention you suggest they can pay repairs and maintenance with any sort of raises they get. This is the wrong financial mindset.
Deven Swiergiel straight up. People like this seek validation in objects and people’s view of them. Buying a new car is one of the worst things you can do. It’s better to buy a used car cash and use your money smarter. You pay so much for a car instead of investing in your own home or real estate? I don’t understand. I’m 22, I’m an engineer in the Air Force and I can afford almost any car I want yet I have my Toyota Corolla 2007 that I bought in college. I just don’t understand the way people my age think.
@@jorgemunoz4986 Or, get this. They love cars and having a high end, performance oriented masterpiece is something they've wanted since they were 10 years old.
God forbid someone buys a nice car. "It's depreciating you're stupid for buying it" Shut up. For a lot of people the depreciation doesn't mean shit because when you're finally driving it, you don't care. The experience is well worth the cost. It's fun and exciting to finally be able to say you have the thing you've wanted for over a decade.
I'm 19 and have a 2016 Mustang right now. It's losing value. Do I care? Fucking no. I walk away from it every day with a smile on my face. I'm looking forward to my next sports car :)
Some people my age spend their money on nice clothes, some on technology, some instruments, what ever. I don't judge them and neither should they judge me.
I don't understand how it's acceptable to look down on people who buy expensive cars, but mean and insensitive when done to other things like houses or clothing. Feels more of jealousy than anything else.
@@torvasdh listen dumbass, no one said people are stupid for getting a luxury car. Please go and educate yourself on the concept of "context". We're saying its a dumb *financial decision* to get a luxury car with all of your remaining income, *forcing yourself to live paycheck to paycheck or assuming debt, leaving no money left over to invest*. If you think thats okay, by all means go get that stupid car that you cant seem to be happy without. I grew up around lots of upper middle class people who were stupid with their finances. Go ahead and join them. They all fucked themselves over down the line when they stopped feeling so hype about their car and wanted something else but were already neck deep in expenses and consumer debt.
Let me spell it out for you. No one gives a shit that you have a nice car. We arent jealous. Enjoy it if you have the money to afford it. We're saying *if* its a dumb financial decision, then youre a dumbass if you do it. Its that simple
I agree imagine if you crash and bought a idk Porsche rip a 5 seat Mercedes idk under 40k perfect no need to flex
Jorge Munoz so what’s the point of making that money to have a shit car ?
You don't have $100 until you have $200. ~ Jay-Z
That means you can't really afford to buy something unless you could afford to buy it twice.
This is honestly the best philosophy, Got me to save and invest.
So if a house is $1,000,000 , I can't buy it untill I get 2 mil?
@@lou8047 If a house is one mil, you have to do the calculations and figure out what your regular expenses are per month. The usual rule of thumb is that you should be able to afford your one month mortage with one paycheck (assuming you get paid twice a month). Also have 10% in cash to maintain the house. so a 1mil$ house would be roughly 4500-4800 a month with a 30 yr fixed mortgage. ( assumijg you dont put anything down on the house) 20% is usually the norm. And a 100,000 savings... to be comfortable. So you would need 300k+ in savings, making at least 10k or so a month and managing expenses. This is all to afford a 1mil house comfortably
I like this mindset cause it means if i will never be broke if i make or get double the money i want
Nope, you forgot about student loans
lol not every student graduates with debt, there are factors that come into play such as where they attended and their parents income.-
Not if parents pay college . Not everyone is poor like you
Jason Ramahefarivo people like you disgust me
Jason Ramahefarivo true I have no debt and in my last year of school and looking at all these people with debt 😂
Imxortal yeah, because you are at school. Wait till you go to college/uni
What if I was a Thicc purple boi that collects powerful gems, what spaceship can I afford
DEEZ NUTS BOIIIIIIII
A dildo
*Thanos car*
This is the way to live pay check to pay check.
You deserve to be broke if you squander a chance to build wealth by being this stupid.
Eddie Whitley By using student loans?
Ggh
He contributed to his own 401k and a private savings though... that’s not living pay check to paycheck
He litterally broke it down for you plus gave him an extra 150 + 500 leeway = 650 and that's not including all the extra fun stuff he already discounted...i think you are confused of what living pay check to pay check is...
This is for the people trying to decide their major. Before you pick engineering, here’s something to think about: if you finance one of the cars listed here, the rest of your lifestyle will be absolute bare minimum.
Good work on the video brotha but there was no calculation for utilities, phone bill, STUDENT LOANS from getting the engineering degree, money going into savings and misc items like toilet paper, shampoo, hair cuts. Also, $1050 for housing in LA means you’re living a small room in an apartment with a few other people. Living in a shared apartment but driving around a $80K 5 year financed car with no income going into savings? Doesn’t make a lot of sense.
I addressed your concerns in another one of my videos. In a nutshell, utilities are included in my rent, phone is payed by my company, student loans is $200 per month(yes forgot about these), 10% of my gross income goes to savings, misc items are very cheap since they’re shared among House mates.
I’m no advisor, so I’m not recommending to do this, what I’m saying is that if someone really wanted to they could do it.
You're forgetting insurance, gas, and maintenance those add up to be a lot.
Alex that’s why i love Georgia
If you're paying $1050 for rent in LA, you're living in a box.
have you even met a car guy? 100% funds go towards the car. I rather have nice tires that last one summer and have to eat ramen noodles for a year. As a student, you learn to be frugal. living at bare minimum is a skill learned through college. By the time we graduate we get really good at it. r/frugal get some.
Mercedes-Benz S63 AMG coupé is my dream car :)
Wow! I didn't know this car. Looked it up and it's beautiful!
THEREALCYBUL 2005 V8 Mustang GT RED. My dad's got one, but, automatic. That's my dream, and I will probably tune it. Then, maybe for speedy feeling, maybe, just maybe a Corvette, or GTR. But, I want that Mustang
wtf u mean you've never known that car, it's everywhere xd
M5>
Lamborghini aventador sv is my dream car (I don't have dreams I have goals).
This was a great video. It shows people how to break down the calculations and try to make this realistic for people that are interested. This might not be for everyone, but definitely a good visual experience.
see people like this need tax breaks not the 1%
Tyler Rousey Yes! Thank you
You raise tax on the rich and they leave the jurisdiction, then the tax on the poor has to be raised to fill the void in lost revenue. Stay in school and change the world later, kid.
+Josh MacDonald: Right, because you know exactly how rich people would react.
It's what I do with my business. HK incorporation is beautiful. Watch my videos (other channel), read my blog and pre-order my book - you'll learn
Josh MacDonald you don't have any videos but I agree where do you post videos?
Who would want to pay 2k a month for 5 years for 1 car. That is just dumb.
Imagine living 5 years of your life trying to acquire a bloody car. It's scary. Is it just me or is life bigger than that?
This video is showing what you CAN afford. Emphasis on "CAN", meaning able to or having the ability to. Not necessarily what you will get. You can completely settle for a car worth less than that. & On top of that, this is what you can afford AFTER budgeting for necessities like tax and rent AND budgeting for hobbies and things you don't necessarily need to buy, but things you just want. It's not like these are the cars you can afford if you scrap every last penny of every check for the next 5 years. These are the cars you can afford post budgeting for a simple, comfortable life of your choosing. & I can't emphasize enough that this is just what you CAN afford. Like the top of the top of what is possible with this budgeting. You can get any car you want up to this peak price whilst budgeting for a comfortable life spending on other things.
iwolfman37 Yes thank you
Caring so much about cars is sad, when someone buys a nice car at a substantial portion of their income I don't respect it. What I do think is damn, they're a slave and can't think for themselves
You just don't understand it, if you're not into cars then you never will. Being able to afford something you desire isn't being a slave and not thinking for themselves if anything it shows that they think directly for themselves haha
Alright buddy, nobody leases a car for 6 years
Ethan M I'm saying!! This video is so terrible
Crystalfroggy just a kiddo with high salary..
then get a calculator and get the right calculations, its should be that far off, and besides this is only entry level, if you have been an engineer for 10 years you will be making over 100k a month, which is around $8500-$9,000 every month. which is a lot of money.
Alright it said a FINANCE NOT A LEASE JESUS
No one leases cars. Pay cash for that shit, trade it in 3 years at best incentive. Cheapest way to always have a reliable vehicle and have it as an asset in your net worth rather than a liability.
When I graduated from college in 1983 with my BS in Mech Eng, my first car I bought myself was a slightly used Corvette. I kept it for a year and traded it in for a slightly used Lotus Esprit Turbo. What follows is a lifetime of all different kinds of cars, trucks, SUVs and numerous sports cars. My "toy" car today is a 2013 Viper GTS that unfortunately spends too much time in the garage due to covid shutdowns.
Would be appreciated if you made a spin off of this vid but regarding houses!
Christopher Aguila Great idea!!!
Christopher Aguila now you are talking more value investing in property.
Christopher Aguila Spend 15 minutes and do some math!
AH17293 is everything u do an investment to u? How does that work with food
Ryan I'm guessing it would go something like this "if you spend $5 on item X and it gives you 1 hour of energy but Item Y is $20 and gives you 5 hours of energy then Item Y is a better investment" (numbers are obviously made up)
Be smart and just buy a cheap used car, even if you have the income for a more expensive car. The only way to get ahead financially is to live quite a bit under what you can actually afford.
and considering cars depreciate real fast, definitely a well inspected used car
Used cars don't depreciate that much anymore
BOSS ROSS you are right there its one of the worst investments to make
In in a year I will go to university for chemical engineering
zombie gamer8 i'm going to do the same
Learn thermodynamics bitch :)
chem sucks but calc 3 isnt that bad calc 2 is where it sucks !
DANKMEMSTR ahhh yeah I can see the issue
I just started Calc 2, doesn't seem so hard now, like area and volume, but I'm guessing it gets much harder.
You forgot about the other expenses in life like life insurance, car insurance, girlfriend/family expenses (which will be way more than $1000), a side chick (extra $1000), gas money, student loans, water bill, gas heater bill, electric bill, phone bill, trash bill, internet bill, cable TV bill, Games (because what engineer doesn't like video games?), car bill for your current beater vehicle, car bill for your girlfriend/wife's mini-van, medical bill for your wife/girlfriend's breast implants, Netflix bill, gym membership bill (gotta keep that bod hard for the ladies), car maintenance bill, house maintenance bill, financing bills on appliances (like refrigerators, couches, beds, computers, TVs, etc..), pet if you have one (take it to the vet, buy it toys, feed it), and oh yea you gotta at least have a savings, AND... at the end of the day, you got in your wallet......$0.00 CHA-CHING!!! Congrats you're a middleclass American!
Geez I'm 17 and I thought I was feeling pretty happy that I earned about $2000 from a summer job but don't spend on all these bills. Only on the gym membership that's about it and going out with my gf sometimes
3:46 'how much car can i afford'
Just because you can afford something, does NOT make it a wise purchase
Nobody said it was a wise purchase, he was just showing what he can buy as an entry level engineer...
None of your business. We buy whatever we want, it’s our money not yours.
I’m no engineer... but I pay 905.75 a month for my 2013 Porsche 911 (83k) with the interest rate at 2.99%, no co-signer, and 25k downpayment...
Sure I could put that money to a better use, but who cares I’m young only 23 and single...
thata boy !
Hey Hey what do you do for a living
LOL @ 25K downpayment
Then you pay the insurance, maintenance (Porsche premium), extra fuel etc etc on top. Pissing away a grand a month at 23. If you'd have invested even one year of that at 10% you'd have 500k in 40 years.
I rather invest and buy freedom rather than depreciating nonsense
Hey Hey Live your life to the fullest . Your never guranteed to wake up tomorrow.
All I have to say is that they work you hard for that engineer salary.. High school is baby food compared to first year engg.
I love when these high school kids brag about getting A's lol just wait kids your in for it. HS and Uni don't even compare.
Jeremy Kinnear anything career that pays good will be hard.
Junior in high school taking pre-calc and that is enough for me... Ughhhh
Justin Jolicoeur freshman in college taking Accelerated Precalc
Freshman year ain’t shit 😂 that’s your pre Recs my friend. Jr year is where the shit piles on. Aka me right now
After paying all the loans I'll be lucky to be able to afford a bicycle
You know its insane when he theoretically spends 2x more money on his car than on rent
Where the fuck do you get 6700 in a month as an entry level engineer?! In my country it is about 3000 minus taxes. You need 10 years of experience to get over 4000. What is the country you live in? Because Im moving there
Whitenacho welcome to America lol but he loses about a third to taxes
Kravence Dude. My country has almost the exact same average salary as USA and little bit more taxes. Thats why I wonder it do much
Maybe I should move there after Trump is not president anymore
Exactly! $6700 is a lot for an entry level engineer. Unless he is a genius and got a pretty good job.
Looks like you're waiting 8 years
Who spends more on his car than on rent? lol
car fanatics
holly shit bro this comment made me rethink my whole entire life...lmao
Young entry level engineers who live at home.
no one gonna pay 75% of their remaining income to car man, are you looking to stay at that $1050 rent forever?
Honestly If I become an engineer Im rebuilding a crx.
Chrome extension?
Honda CRX if anyone actually wonders
Isn't better to buy a car outright instead of using a loan?
Patrick Z Yes but building credit is also important. What do you think?
There are other cheaper ways to build credit score to that level. The cost of the interest paid for the 6-year car loan is vast vast higher than the cost of paying up front coupled with a credit-card way of building credit score. Better yet, wise rich people do NOT buy car on loans or buy upfront. They invest that upfront money, and the interest generated from the investment is what's used towards paying the monthly car payment. Ultimately, you didn't spend a single dime on that car - all that upfront money is still yours
Amith Varghese That's assuming you didn't lose money investing..
RelearnMath You don't need credit. Basically you build credit to build credit on other loans.
A perfect explanation - and I believe you are conservative as well.
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.
They seem to be pretty overpaid
@@bertalankovacs8322 no lol, they are the reason you get paid
Thank you for introducing us to a window of what we can expect when choosing our car based off a set pay range. You are the adult I always needed.
I know a guy with two masters degrees in engineering but he drives an old diesel truck that was acquired for less than $2,000. Somehow, he travels to exotic destinations around the world every year! Crazy!
Nice! People should do what makes them happy.
All these safety comments.. hes young with retirement no where near. Its not paycheck to paycheck living. Plus yall probably living that way anyways
Assuming you max a roth IRA each year ($5500), and you get an 8% annual return, the difference in starting to save for retirement at 25 vs 30 is about $400,000. Investing at $5500 per year from 25-60 is about $1.3 million vs $900k if you wait till 30. If you wait till 40 you are down to $300k. If you want to retire and live on $80k a year from the interest you would need about $1.6 million. You need to look at how compound interest works, because lengthening the time your money has to grow by just a few years has a massive outcome on how much you have at the end.
Randall George yea but if he enjoy cars then you cant blame him for putting most of his money towards a car he likes. Just like people who enjoys traveling and save all their money so that they can spend it all on their vacation or people who party a lot or spend it on gambling. When people spend their money on those things people dont seem to complain or judge. People spend money on things they like, nothing wrong with that.
10% is going into my401k, I maxed out my Roth IRA for the last two years with bonuses, got a good salary increase 1 year after working and I can still pay the amount mentioned on this video, I think life is about balance. Yes I can retire at 45 but why? I actually really enjoy the type of work I do. I like my coworkers and I get to travel.
Why is no one impressed by his credit score? I haven't checked mine because I'm afraid it's gonna somehow be in the two digits.
Jose Lopez hahaha Thanks! Student loans gave me a good credit score
Big Home > nice car
yes, you live in ur home almost the entire time ur not outside which
you're in ur car for temporary moments of time
Ilyas A. Mehkri it depends on the person. Id personally love to have luxury car over a luxury house.
You will need to own a Civil Engineering Business , to afford a 5 million dollar Mansion
Powerful pc + good and reliable internet >> big house
No way man! A nice modern condo is the way to go IMO.
Almost Brand new BMWs here in Europe are under 15.000 euros . ZERO TAXES :)) You must love European Union, best place in the world to buy cool cars !
I am engineer of Wooden Technology (In Croatia) and i drive Skoda Octavia 2004, but I'm happy with it.
I live in India R.I.P me 🙁😭😭.
(the wages are lower) I'm probably going to migrate to somewhere else
458 Ferrari
Vans Sonn that's way to expensive
+Poo Ping 1. I just realised your name 2. look at the 488, if you think thats ugly you need to go to specsavers.
Lamborghini Aventador
Jingle YaBombz+ How about the laferrari. I think that its a little bit sleeker than the 488.
200k only bro😂
I did the maths on being an aerospace engineer and by 27 if i work hard and it all goes to plan i should be able to afford a ferarri 430 scuderia. For this i need to be earning 84,000 pre tax and have no kids, i factored in house, savings, holidays ect so considering i will be taking home around 4.5K post tax its about 1100 for rent, 900 for food, 500 for savings then i can easily spare 1090 for a ferarri 430S. Let’s go, dream on
Dream car is the Mercedes 6x6 G-wagon 100%
Nice
my dream car is a lamborghini huracan, i want to b a mechanical engineer, idk if i can afford iy
you're more likely to have one few yrs before retirement, that's a lifelong saving plus you dn't need to pay high taxes to the government for too long
start a business, design your own product that you think will do well in the market and you can have a lamborghihi huracan in every color
Joshua The Science god if only it was that easy haha
try the Tesla Roadster 2.0
you don't deserve an Lamborghini
ignorant fuck
All I want is a Toyota 2018 Yaris IA so I’m set and I’ll have leftover money this is great
@acepion were gonna be multi trillionaires. Just watch...
Thank you so much! Now I know that my career path will allow me to buy my dream car. You're awesome!
I wanna be an engineer
I was driving my brand new E90 to the college. After I graduated, I can afford a brz.
jackson michael e90≠brand new
Why by a BRZ when you can buy a honda civic? Almost same bhp.
Armygreen why buy a new civic when you can buy literally anything else
I'm in first year of mechanical engineering. I'm struggling lol so I need all the motivations I can get
Nice, I like mechanical engineering. I'm currently doing my B.A. in Computer Engineering after I finish I want to study mechanical engineering too
switch to software. you'll make way more $$. there is your motivation
@@AnonYmous-zt6kr
Dont do it. Mech Eng is not what you expect. All engineering fields will let you down, but the one you're graduating from makes serious $$.
>study well
>become engineer
>get Masters
>Live comfortably and buy cheap car so you can save everything
>net worth
@dachicagoan >date ethnic
Well dentists earns better when they own a clinic. Employ yourself dont work for someone else
But I don't love looking into peoples mouth. I love building things and solving problems.
Go Beyond Engineering
So that’s what you guys do? I’ve been meaning to try and choose a path in engineering because I share the same passions as you. I do a lot with computers, custom builds lol it’s kinda like art to me, but I love doing it. If I had the resources and proper training, I’m sure I would love to go into this field some day. I’m a junior in high school btw. I kinda think an aerospace path would be cool, cause I like flying as well, piloting commercially was one of my first desires in a career, until I found out how strict that line of work is when it comes to finding a job and actually getting good pay. I really like the idea of working on aircraft like that, even maybe drones or spacecraft. Lol I can dream...
Hervis Daubeny Maybe you can work for Orbital ATK.
Best to employ others...
Ali Al easier said than done
engineers in my region get payed at least 30k
no taxes no nothing, raw 30k
What how
@@relaxer7329 middle east
@@salemgaminghd5336 yeah
@@salemgaminghd5336 😢😢
So i ran the math's after tax here in Norway working a full time+ in a gas station would actually leave me with more money after tax than an entry level engineer in the US, that's hilarious, of course companies pay different, the good thing here is that you don't really pay additional fees for health insurance or any other sort of crap, you only pay the taxes, you may choose to save up for retirement yourself, but the companies here are by law obligated to lay of some percentages for your retirement, how ever you don't pay or this.
I used to work in a hotel for 3 years, reception, my hours could wary slightly but usually i sat with at least 4400 USD after taxes that i could spend on what ever, some of it went for rent etc.
This really shows how different the standards are, i would personally never move to the US even if i were well educated, when i could do it here in my own country and earn way more for the same position.
Only spend 1200 total insurance gas payment maintenance give some savings and think of a house/student loans with extra 800 left
WTF a just graduated Italian engineer earns a net pay of ≈1600$ (1200-1300€) and we can't even afford a Fiat Panda!
Alexgri hahaha man, Bosnian engineer earn net pay like about 700e
Dude what?
Can you look into doing a video about jobs that offer tuition assistance for people without engineering degrees that want to get into the field?
Tyke Pope That is a good idea!
Dude what's the website link
Wanted to reply to you personally. Great video. I am a Mechanical Engineer (grad 1989) AND a car nut. Over the course of my career, I have been able to buy 4 Corvettes, a Porsche Turbo, and 3 years ago, my first exotic car (Lamborghini Diablo Roadster) cash......and have $100k set aside for another exotic.....I hope your message gets through all the idiot commentors that Engineering is a great field....good luck in your career.
Congratulations kid, you just turned yourself into a indentured servant! For the next 6 years you’ll be working for a depreciating asset!
I stop listening as soon as credit and loans get mentioned...
Kevinkoolz go back to the 1900's then Dave Ramsey lol.
You need to go into much debt as possible and enjoy life. And live the rest of your life broke.
You can afford Ninja H2R :]]]
(Search for it to know what it is!)
That's the dream mann😍
Well in my case, a 1975 Ford Pinto. Oil leak, black smoke and one yellow door.
Damn bro this video actually inspired me to do better in my AP physic class and then become an engineer
Lmao when I get my degree imma put 20 inch daytons on my 95 crown Vic. Y'all trippin if you're trying to go all out. Save ya money
Mauri B this man has it figured out, crown vic with a high ride can handle anything you throw at it
You, I like you.
My dream car is a lamborghini gallardo lp560-4.
Or you could buy a beater for under 5k and save up 2k a month to buy that 100k car debt free in 50 months. After that you could just keep saving at the rate and replace it with a new car in how ever long it takes you to come up with the trade in value minus 100k.
Of course, I would rather buy a 10k car and invest the rest as in LA there are a shit ton of used cars and you can always buy parts cheap.
another car you can get with that much is a tesla model 3!!
Zach Pouska you can buy 3 off those at base price practically
but most people would want the upgraded interior and autopilot
Zach Pouska so $50k you could still buy almost 2 of them
lol yeah
Zach Pouska i still love that car tho
0:07 "What can of car...." Yep, definitely a math major.
Math major > English major
What car can you afford as a cashier at McDonald’s?
@81097548214683265497 LMAO, I am dead
Base Honda Civic..Toyota Camry... Stick with one of those if you want something relaible until you move up in life and get your ShelbyGT, Cayman, P1, etc..
A honda or wave, it's only 1000$ in vietnam, tho you'll have to ship it back to your country somehow...
d4 heelies
I’d go for a tricycle
I wanna grow up, be a mechanical engineer and i wanna buy sports car like bugatti, ferrari, lamborghini or porche etc.
Arent corvettes and vipers over 100k?
And yes! I can afford in a future a brand new f250 diesel
Ed Pagan corvette zr1 yeah, but not the lower tiers like the stingray or GS
I'm and mechanical engineer, will be a pilot soon, pilots earn a looott more from initial stage. I will be able to afford a pretty nice car.
just don't put a bomb in it
n3rdbear racist idiots like you can only point at others, illeterate, uneducated, and cannot do anything in life.
lol
how can you call someone illiterate , when you can't even spell it correctly?!?
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.
Buy the car you need, not the car you can "afford". Its never good to spend a vast amount of money on something that decreases in value
Fuck you
@@rein6477 lol he's trying to help you. By all means, saddle yourself with liabilities and debt so you can act and feel rich while being up to your neck in shit living paycheck to paycheck. It helps line the pockets of business owners like me. Thank you for your sacrifice
Not an Expert lol he’s like 12 years old. He’ll grow out of it. Hopefully
how about my dream?
lambo?
Omg move to Texas, those taxes are unbearable.
Nothing beats Cali weather though...
REACH screw the weather, I'll live in 120+ degrees, to not have to pay that much for in taxes.
Bro in Texas I forget that I’m paying taxes
REACH Cali weather is overrated.
Nevada weather is 1000x better than where I’m living now in Northern California, these 110+ degree summers with no wind have got to stop
Thank you so much for this video I have dreams and this video helped me realize it's all possible! BTW I'm going to school for engineering
Busterman I
Tf he just calculated some shit...what was so helpful about it
Don't
In my shitty 3rd world country, average entry level salary for engineers is $500. Which is why most of our engineers migrate to other countries.
$1500 per month for a car? For FIVE years? That's a waste.
I can get a car for £1k
I have two cars after completing 2 years of mechanical engineering..
what kind of engineer are you tho?
Didn’t he say mechanical?
cool
Kul
Mercedes-Benz AMG GTR!
Mike Miao I
Mike Miao thats a Nissan dumbass
Good luck mate
you are clearly the dumbass here, look up the mercedes benz amg gtr, its brand new, looks more of a supercar than that fat slob
Isauro Banuelos lol Mercedes AMG GTR is real tho check it out.
IMO this is why you get an engineering job that comes with a cool company car, cell phone, and with a daily food allowance. Do some overtime, save up, and invest. My dream car is a GTR, but if I get lucky hopefully I can get a Ferrari F40 to have as a collector item.
& a Tesla!!
Jazmin Zenteno Model 3 is only 35k!
I know lol that's the first car I'm getting
RelearnMath well. Probably 45k because eho buys the only car capable of self-driving without the self-driving option. Kinda sad they made it that expensive though
RelearnMath bitch please. Add tax, add packages, add expensive maintenance of electric cars. You're looking around $45-50K
Jazmin Zenteno fuck tesla
My dream car is a Mclaren P1 although I most likely won't get one:( I can hope though
Finn Elliott you're gonna get one I believe in you
Same
buy tesla roadster, it's 10x cheaper, also also faster than p1.
Irfanul Karim but not as beautiful as a p1 tho
Finn Elliott my dream car gotta be a laferrari but ik I’m never gonna be able to afford one so if imma get a Ferrari that I can maybe afford it will be the 458 or the 488
Next : What cars can you afford as an airline pilot
Aston Martin db11 😍😍😍
Did you work through school? Is this even possible while being a full-time engineering student?
you can, it's not necessarily recommended, but you can. It's more important to get good grades I think, and relax when you can :)
Zach Leonard I worked an average of 20 hours per week, and took 12-13 units per semester.
Jake Voorhees Unless you can score a paid internship/coop, then you can learn while you work.
+Zach Leonard I worked 20-25 hours per week for the first two years while still taking a full load of classes and managed to maintain a 3.9 GPA. For the last two years, I plan on working around 10 hours per week because the classes have gotten more difficult.
This video is the epitome of the financial mindset people have today. There is a difference between how big of a loan you can get approved for and what you can actually afford. As an accounting major on the path to graduating debt free without mommy and daddy’s help, I see students and even adults make dumb decisions based on this type of rationalization. I am so disappointed that other majors don’t require more financial literacy courses to help college graduates make educated choices. After all, these are the people who are considered to be “educated.” Those who comment “you might not see tomorrow” or “you have to enjoy life” are just delusional and have no sense of responsibility. I can make financially sound decisions AND enjoy life. And I’m an absolute car enthusiast too.
Just get like a 30-40k used sports car until you make more and get more stability. Less insurance costs too. There are seriously some kick ass cars you can still get for even 10 or 20 if you want to mod them a little bit.
The problem with engineers (civil) is that they typically have zero experience working in the field. The last engineer i worked with on my last project didn’t know the difference between granular A base and pit run material. Yet he is in charge of a multi million dollar project. Needless to say it ran over budget and a year late. I have no faith in Engineers unless they have worked in the field as a labourer or worker before becoming an engineer. These kids that become something solely on the fact of pay, generally dont have their head in the game and are only thinking or the goods they can buy. Thats like me becoming a chef, but never cooking anything more advanced than kraft dinner.
+Chuck Beef Haha. I actually agree with you! Fortunately , Electrical/Software Engineers could be “on the field” years before finishing school. Electronics(micro controllers/processors) are very cheap that anyone can pick one up and start learning Software/instruments/electronics...I have no idea how it works for civil engineers but I agree with you.
My experience speaks ONLY to civil engineers. Mechanical and electrical may be a totally different story. It really makes a job go smoothly when you get the 50 year old engineer that was a junior surveyor for several years beforehand. Much respect to engineering when executed properly. Good luck in your career.
Chuck Beef one thing I’ve noticed and personally tried to work around is that there is very little awareness of exposure opportunities while at university. Sure you can get an internship, but that’s about it. Not very many students know or have been informed about the opportunities of job shadowing or professional project sit ins.
@@ChuckBeefOG im 26 and about to go to college. Born n raised in texas also going to an a&m university for petro engineering. I started in the oilfield running casing on drilling rigs on my 18th b day. While people were out partying i was working a 24/7 call job and putting real skin in the game. I became a crew leader to over head manager of crew leaders by 21. Am i feeling too cocky in thinking after i graduate i will be able to demand my worth in money up front every year?
So ur living in a rented home and drive a Porsche 911
yes
@@RelearnMath that is alot of information I will look after you and give you a hug be aware
Leeky Stew a Tesla is way better and way cheaper.
That's flex, I approve!