My Salary and Expenses as a Software Engineer in 2024
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- Опубликовано: 25 июн 2024
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The culture around hiding your salary only benefits employers, because it allows them to get away with pay some people more than others. So in the name in salary transparency, I've decided to reveal my salary and offer details as a software engineer living in NYC. I also decided to through in my monthly expenses so you can get an idea on what living on this salary is like!
0:00 - Intro
0:46 - My Salary
1:36 - My Initial Offer
1:56 - The Competing Offer
2:14 - The Final Offer
2:32 - Monthly Income
2:48 - Rent and Utilities
3:31 - The Tesla
4:24 - Cellphone Bill
6:20 - Streaming Services
6:41 - Food
7:21 - Boxing
8:11 - Total Breakdown
8:40 - Spontaneous Anarchy 
Наука
Sending your mom money every months is absolute great!
That’s the goal with making software engineering money, retire your mum and travel the world
Yea dudes a real one for that 100%
Biggest Flex of the vid
I make 295K with 5 years of experience as a software engineer in Seattle. My new grad offer was 72K in Ohio in 2018. I grew to 150K in the same company but what made the biggest difference was job hopping. I grinded leetcode so hard and doubled my income by switching my job
how long each of your jobs was and what were the position/salary? I started a year and a half ago at 88k and got about 3% increase every year but that's so slow.
@@thanhngangproduction I stayed with the same company for 5 years. Had 3 promotions and that brought me to 150K. I had my biggest break when I switched jobs recently and got 300K offer from a FAANG
You talking 295k in total comp?
@@sofianikiforova7790 right
@@sofianikiforova7790 yes nobody is paying 300k base salary for 5 years experience..... They'd have to be in a high COL area and have been no-life coding since they were out of the womb.
love how real and transparent you are. thank you for this! I'm currently studying to become a software engineer and videos like this help those days where it feels impossible, feel like it can and will happen as long as I keep my grind and focus centered. you gained a new subscriber and I'm so excited to see more content you put out!
Hey I’ve got some really great news to share with you, Jesus Christ, the Son of God, died on a cross and resurrected on the third day so you may all have eternal life. If you believe and repent of your sins and put your faith and trust in Him as you would a parachute jumping off a plane at 25000 feet up in the air, He will give you eternal life in heaven as a free gift and I promise you, He will change your life forever as He did mine. He is the ONLY way to heaven and He loves you all. Please think deeply about this with urgency because this is your eternal life and soul, you don’t know when you could die, meaning you could die at any moment, so please consider this with all your heart. If anyone tells you that Jesus isn’t the only way, they are lying to you and they don’t care about your future.
you're so real for being transparent w/ your salary + expenses! i rarely ever do that bc in this field it can feel like a big "measuring" contest but it's great education for those who want to either get in the field or elevate in it. awesome quality vids and it's fire seeing another Black person thriving in SWE tech!
Hey I’ve got some really great news to share with you, Jesus Christ, the Son of God, died on a cross and resurrected on the third day so you may all have eternal life. If you believe and repent of your sins and put your faith and trust in Him as you would a parachute jumping off a plane at 25000 feet up in the air, He will give you eternal life in heaven as a free gift and I promise you, He will change your life forever as He did mine. He is the ONLY way to heaven and He loves you all. Please think deeply about this with urgency because this is your eternal life and soul, you don’t know when you could die, meaning you could die at any moment, so please consider this with all your heart. If anyone tells you that Jesus isn’t the only way, they are lying to you and they don’t care about your future.
Appreciate the transparency g. More blessings to you for many years to come.
You’re blessed! Keep up the great work! I aspire to be in this position soon.
$4520/month for Rent especially with Room Sharing is Unbelievably expensive🙄🙄😤😤😤😤🤦♂🤦♂
Absolutely fantastic video; I'm so glad I stayed lol. I forget how just heart-stoppingly expensive NYC/Brooklyn/etc is, and I do really feel bad for you guys. As someone who is much older and has been through the money struggles, I hope you always have the means to do what you want. I'd love to be able to send my parents money each month. That's why I found your video in the first place.
I was a software engineer in San Diego for 11 years. Topped out at $150k including 401k match and bonus.
I'm an airline pilot now making $200k. Next year, $250k. The year after that, $300k. Once I become a year 12 captain: $400-500k. Senior captains who work a few extra premium paid trips: $700k. Way easier job. Way more fun. Way less stressful (except when shit hits the fan, which it basically doesn't, but we train and prepare for that)
Lol 😂
Thanks for such a detailed transparency. Wish you all the best.
I respect your transparancy. Fellow New Yorker here. You've just gained a sub.
Blessings brother! That’s awesome 👏🏽 🔥
spontaneous anarchy is much needed tbh
earned a sub for your delivery + content + candidness!
Thanks for the sub!! 🙏🏾
Hey I’ve got some really great news to share with you, Jesus Christ, the Son of God, died on a cross and resurrected on the third day so you may all have eternal life. If you believe and repent of your sins and put your faith and trust in Him as you would a parachute jumping off a plane at 25000 feet up in the air, He will give you eternal life in heaven as a free gift and I promise you, He will change your life forever as He did mine. He is the ONLY way to heaven and He loves you all. Please think deeply about this with urgency because this is your eternal life and soul, you don’t know when you could die, meaning you could die at any moment, so please consider this with all your heart. If anyone tells you that Jesus isn’t the only way, they are lying to you and they don’t care about your future.
this was great man, instant sub. Keep'em coming. Making me want to make a video like this 👀
Very respectable person and video! I am a Electrical Engineer in the DC / NOVA area and seeing someone at my age making the same money and not making the astronomical "300k+" engineer salary that job jumps every year or two for more pay is great to see. I enjoy your videos and stay loyal to that company!
Love the way this video is setup and edited
The most transparent video I have ever came across RUclips. You are doing wonders. Respect!
Sending money to your mom! God Bless you brother!
This channel will blow up. Enjoy the ride.
So glad i found your channel bro. Second semester in man, really trying to make it in this business. Keep doing what you're doing bro, def an inspiration!
hope u make it
Loved this video alot man! Those NYC taxes are insane though..
Thanks man! And yes they are lmaoo
I like your style of presentation and the perspective you have in revealing the important details. So unique
This gives me motivation to pursue cyber security. Taking the free ISC2 course now and getting certified; then going for my Sec+. I'm taking EC Council courses, and a IT course; I hope to live as comfortably as you, but I'll stick to my 2006 Toyota Corolla CE lol. Thank you for the video, new subscriber.
so insightful - concise
and helpful
This video was such an eye opener for me, thanks for sharing these info!
bro absolutely loved the transparency... keep up the amazing videos ❤
Respect was earned when he mentioned he was supporting his mom, keep killing it!
Hey I’ve got some really great news to share with you, Jesus Christ, the Son of God, died on a cross and resurrected on the third day so you may all have eternal life. If you believe and repent of your sins and put your faith and trust in Him as you would a parachute jumping off a plane at 25000 feet up in the air, He will give you eternal life in heaven as a free gift and I promise you, He will change your life forever as He did mine. He is the ONLY way to heaven and He loves you all. Please think deeply about this with urgency because this is your eternal life and soul, you don’t know when you could die, meaning you could die at any moment, so please consider this with all your heart. If anyone tells you that Jesus isn’t the only way, they are lying to you and they don’t care about your future.
Being from Brooklyn & just as young this video is 1000% more motivating. Starting an info security course this week for the next 5 months that my job is paying for. Hoping that’ll be my ticket out of my warehouse job & onto a better life such as yours 🙏🏾 now subscribed 🫶🏾
"Look at this, look at this. Buddy has TWO SINKS. WHY DO YOU NEED TWO SINKS?!" Was all I needed to immediately like and subscribe. Great video man, I'm an SE right now and love watching videos like these and chatting with other SEs about where we're at financially because I believe the transparency is HUGE in terms of cultural progress. Keep up the good work bro!
Thanks for the sub!
I doubt you're going to see this but your videos seem very genuine and they kept me enganged.You earned a new subscriber, keep up the good work.
*You're living the life young man keep it up good luck to you*
Love your mindset man!! Save time with pre prep meal and travel while you’re young!! Very rare that people our age make over six figures.
Thanks bro. One day, I can experience the way you're experiencing rn, but in the way I like to happen like yours. Thanks for the vital clip!
I literally just started learning how to code today and bro, you just gave me MAD motivation 😁. I could support myself and my wife with money like that EASILY!
Bro, your videos are clean and fun. I'm jealous! You're one of the channels I keep an eye out for! It's only up from here, as you make more in your career!
🙏🏾 thank you for watching!
Hey I’ve got some really great news to share with you, Jesus Christ, the Son of God, died on a cross and resurrected on the third day so you may all have eternal life. If you believe and repent of your sins and put your faith and trust in Him as you would a parachute jumping off a plane at 25000 feet up in the air, He will give you eternal life in heaven as a free gift and I promise you, He will change your life forever as He did mine. He is the ONLY way to heaven and He loves you all. Please think deeply about this with urgency because this is your eternal life and soul, you don’t know when you could die, meaning you could die at any moment, so please consider this with all your heart. If anyone tells you that Jesus isn’t the only way, they are lying to you and they don’t care about your future.
really well made video Devy 👌
Thank fam! 🙏🏾🤟🏾
So articulate, great and informative video.
cool video thanks for the transparency
dope video man, fellow personal finance enthusiast here also :)
Very well detailed and edited video!
Thank you!
thanks for the motivation mrs devy
Awesome man. Inspired to do a similar
hey man, i like the videos you make and give me motivation and very good vibes from your blogs, i tried to find other youtubers that has same effects on me but i couldn't able to find one. so please make more videos :)
I definitely will 🙏🏾❤️
I'm subscribing for the transparency you brought up. I don't know why people are so scared to show specific numbers when jt comes to Financials. I'm not the IRS 😂 but i'm young at 24.
Nice video man. I just graduated with my comp sci degree in May, and am not paid as well as you, even given the location, but I am truly blessed with my position, but I live in the midwest and have more money than I know how to spend... Our field just compensates extremely well if we play our cards right. New sub!
Make sure you're investing in your 401k! You admitted to having more money than you know what to do with, so put that money to work for you! At your age, the compound interest will make you an easy millionaire by retirement.
@@strictlyforcommentsWhat about if you're already retired? I'm 25.
@@LeftBehind666 I don’t understand your question.
@@strictlyforcomments What if I already am retired, what's the point of investing/saving?
@@LeftBehind666 you are retired at age 25? You already have enough money to last you for the next 65 years?
Regardless, you invest a portion of your income while you are working so that the money can grow and eventually exceed how much you put into it. Then when you retire, you can stop working and sell your investments to live off of.
So no, you don’t generally invest more money in retirement since you have no income. You are doing the opposite and selling investments. Hopefully your investment portfolio is large enough that you can sell about 4% each year. Doing this you will be unlikely to run out of money.
Great vid. Nice breakdown
yes! Mint mobile ftw. Love having them
bro the editing is so funny, the subtle jokes here and there is so good
I subscribed as soon as you said you send your mom’s money. Respect
I just got a bump to 160k this next cycle but I take lots of unpaid time off so I’m going to assume 145-150k. If you expense things through an LLC you can get in a lower tax bracket while also expensing a side hustle. Keep up the grind!
Hey I’ve got some really great news to share with you, Jesus Christ, the Son of God, died on a cross and resurrected on the third day so you may all have eternal life. If you believe and repent of your sins and put your faith and trust in Him as you would a parachute jumping off a plane at 25000 feet up in the air, He will give you eternal life in heaven as a free gift and I promise you, He will change your life forever as He did mine. He is the ONLY way to heaven and He loves you all. Please think deeply about this with urgency because this is your eternal life and soul, you don’t know when you could die, meaning you could die at any moment, so please consider this with all your heart. If anyone tells you that Jesus isn’t the only way, they are lying to you and they don’t care about your future.
Are you a contractor expensing through an LLC?
Just came across your content and I love it! Btw you honestly have a nice voice.
Thank you! 🙏🏾
This was me (sort of) for the past 6 months. Just got hit with layoffs (small company couldn't afford to pay me anymore). 3+ years of experience and now everyone wants 5+. Glad you're doing well and hope you keep safe!
Hey I’ve got some really great news to share with you, Jesus Christ, the Son of God, died on a cross and resurrected on the third day so you may all have eternal life. If you believe and repent of your sins and put your faith and trust in Him as you would a parachute jumping off a plane at 25000 feet up in the air, He will give you eternal life in heaven as a free gift and I promise you, He will change your life forever as He did mine. He is the ONLY way to heaven and He loves you all. Please think deeply about this with urgency because this is your eternal life and soul, you don’t know when you could die, meaning you could die at any moment, so please consider this with all your heart. If anyone tells you that Jesus isn’t the only way, they are lying to you and they don’t care about your future.
This video is very well made :)
I'm currently self teaching w/ in-depth tutorials about python to start getting into software engineering and my friend never really went into depth about much besides his salary being 100k with the company he's been at for a bit. So this gives me a really great perspective on expenses with salary rather than a basic 9-5 retail job with hourly wages (iykyk). This kind of gives me hope for next year if I apply myself consistently to be financially more stable than what I am currently :)
Bruh! After those classes?? You deserve every bit of that money! 👏🏾👏🏾 good job!💯
Dope video!!
Congratulations bro your on all your successes.
Thank you fam 🤟🏾
Down to my last year, currently working as a Jira Administrator making 55k in western NY. The struggle is real but once I secure this bachelor degree I'm hoping to be in a similar position as development/engineering is what I really want to do.
I love that he gives his mom a stipend. Same thing I intend to do!
Liked a subbed. I’m a blue collar man.. but I’m quickly noticing my body is getting tired of the abuse I put it through. Always had a thing for computers.. this just motivated me even more to get a degree in software engineering.
impressive details Im doing my software engineer degree and I'm pressuring myself every day to maintain a 3 GPA in the hope of getting either an easy job opportunity or an exceptional one. either way, I need to be prepared thanks for sharing this information a lot of people shy away from displaying their salary expenses, etc..
Loved the video it was nice and fun
Glad you enjoyed it!
great outlook man, so nice of you to send $$$ to your mom
What cracks me up is 140k in New York (Brooklyn) is the equivalent to 65k in Tennessee. So be advised that location has just as much to do with salary as experience.
I reather live in NY in poverty and pay 1000 a month and keep the rest.
Maybe in rural TN. In Nashville $140000 is more like $100000
@@volneypowlis8527this is true. My work is remote and live south of Nashville (Murfreesboro) which is alot cheaper.
Great video as always devy! Maybe I’ll make a similar video when my salary is closer to yours 😂😂 great job bro you’re doing so well 🔥💪🏾🤩
Thank you so much man I really appreciate it! 🙏🏾🙏🏾
ayeeee im on mint mobile too. keep it up on the videos tho, they're sooo well edited
Thank you!!!
Awesome, new sub 👊♥
I came here trying to get a grasp of what to expect working as software engineer, ended up getting some useful advice for when I move out from my parents.
Thanks for the transparency man. Found it really helpful.
Hey I’ve got some really great news to share with you, Jesus Christ, the Son of God, died on a cross and resurrected on the third day so you may all have eternal life. If you believe and repent of your sins and put your faith and trust in Him as you would a parachute jumping off a plane at 25000 feet up in the air, He will give you eternal life in heaven as a free gift and I promise you, He will change your life forever as He did mine. He is the ONLY way to heaven and He loves you all. Please think deeply about this with urgency because this is your eternal life and soul, you don’t know when you could die, meaning you could die at any moment, so please consider this with all your heart. If anyone tells you that Jesus isn’t the only way, they are lying to you and they don’t care about your future.
The spirit of transparency ,I too shall share my pay. I am not a software engineer, but I do bring in 108K per year. I live in a lower cost of living city compared to the expensive east and west coast. But breaking down to monthly numbers we have somewhat similar numbers. Per month I bring home about 7.4K (after tax etc.) and spend about 4.4K which means I save about 3.8K per month
Oh what do you do for work?
@@doseofdevy account operations manager. Essentially I drive things for my companies major customers and do a lot of process improvements among other things (both external and internal)
When you mean "save", is that going into just a savings account? Or are you investing? If so, what in?
@@bearenthusiast_ savings account + a typical 401K, manual investing requires more knowledge than I have rn
@@doseofdevyresearch an index fund pleeeease.
I would say you also need to consider investing some of your savings in good index fund ETFs (SPY, VOO, VTI, SCHD, QQQ, etc.)
Good dude who makes good videos.
bro your voice is so smooth, like how????:DDD
love this, I’m in my senior year of high school and I’ve always loved the idea of becoming a software engineer. I hope that life goes fairly smooth and allows me to be in a similar position as yours !
hey devonte ! this was a great video ! i really love ur videos and setup what is the mic you r using ?
I’m using the rode wireless 2 and a blue yeti!
Thanks for watching!
Hey man that is awesome. Im trying to make my move over to the software side after dealing with hardware for a long long time. Studying Python now. Hope to get remote work some kind of way. So glad for you. Sounds like you are with a good company.
Is python hard Im asking ng because I'm thinking about become a software engineer
Not too picky on the content . Just upload more videos please 😭😭 . Love from South Africa 🙏🏿❤️
Good job bro ^^
Damn! thanks man for your transparency! Btw how old are you bro? Sometimes i think i am too late to study coding
Thank you brother. Wow, have you thought about relocating to a better location COL wise? Agreed about kicking back to mom(mine's on fixed income) so yeah I feel you.
4k in tax is ridiculous. Cool video and real transparency.
As a self taught programmer with only a GED, what would you advise as resume projects (I like to focus on Backend although I know a bit of frontend), or just tips in general, to attempt to stand out? Are there any must-get certificates that I can work on while the job market is doodoo? I want to get *anything*. even a crap job, to get my foot in the door a few years before getting a more reputable company.
I live in a rural craphole in the midwest right now so I can't really network at events, though I've seen some good tips like attempt to connect with hiring managers on LinkedIn when applying to attempt to get the interview. Are things like that a good idea still?
Thanks and sorry for the long comment, your videos are frankly inspiring :)
Love the video, and mad props for helping your mom out. But for every 10$ spent on fast food in your 20s instead of going into investments (assuming 10%, S&P500) is about 400$ lost in retirement. If you cut out uber eats completely, just in your 20s and put that 200$ into an index fund, you can have well over $500K by the time you retire.
Thats actually crazy. Basic math too. I think Imma start investing because of ur comment.
What’s the pint if you don’t enjoy life?
Cool video! Do you use any budget/money managing app?
This was a brilliant video
Thank you!
hey this is my first time seeing one of your videos and im glad its another black man in the tech industry. Im 19 and want to get into either software engineering/development or cyber security. with that being said, do you have any tips on getting started? or do you know any bootcamps/programs I can take part in?
God bless brother!
Im 46 and going to school for software engineering... and I'm in a hands on C# course.
You are giving me some much inspiration even as a young person. My son's are 19 and they work in tech. I hope they will see your same success ❤❤
Best of luck!
What's the course name? I'm looking for a course to learn programming as well.
Yo, nice video! I know you're probably already doing this but make sure you're measuring out your tax deductions end of year. compare itemized with the standard (good chance your local taxes can get taken off on itemized). might be an extra few grand a year
Yeah I hired a tax professional after I started this job, because TurboTax just doesn't cut it if you don't know what you're doing lol
@@doseofdevydid you find this tax professional from a known company? May I ask where you found this person? 🙌
Not a software engineer but im a Salesforce Admin just got a new gig about 7 months ago. Making $110k. Just hit the 2 year experience Mark.
bro u goated for working in IT and training combat sports we rare out here
Best mom in the world tax ... i love it man❤
Damn! thanks for your transparency man! Btw how old are you? i think i am kinda late for coding :/
I'm finna go to college for this I'm almost done with my certification from community college
Based on the few comments that I've seen I know your not intentionally doing this, but I believe it would be helpful to break down what your paying down into your pre-tax stuff, as it makes a difference between what your actual take home pay is as well as how much your putting down into your retirement.
For example, for me I make around 120k, 5% goes into 401k right now, with the rest going to insurance funds. My total pre tax is 532, with 233 going into my 401k 116 going into an HSA account, with my takehome being around 2875, and after paying rent and bills, being 1860 which goes to food or whatever else.
This next year I'm deciding that I want to increase my 401k contributions since now I have enough of a cushion to be comfortable doing that with to get the maximum that I can get, which I've calculated for my income to be 18% of what I currently make, which makes it around 841. I've also reduced my insurance for my medical to be roughly now 78 dollars instead of the 178 that I was paying before, so my pre-tax now is around 1048.65, for medical, dental, and contributions to my HSA. So, to me at least for retirement and medical funds 841 now would go to my 401k, and 125 dollars goes to my HSA account, while before it being 223 dollars to my 401k and 116 to my HSA. You would think I would lose around 600 dollars to my actual take home pay, but thats not what happens. I only lose 350 dollars, because the tax event happens AFTER you send money to your pre-tax expenses, so I'm taxed after spending the 1041 dollars. So I would now bring 2500 as my take home pay, and after bills and rent goes to 1507 to everything else. So right now the money that will be going to me starting next year would be going to me would be 3841 biweekly, with a pretax income biweekly of 4673.96
I think it's good to mention stuff like this, as until recently I didn't really have a good understanding of tax advantages that I could've been taking advantage of when I was making a lower income bracket while still saving for retirement or medical expenses, as well as give a good picture of how much you really save once you reach a certain threshold for your expenses.
the layout and post production of these vids are insane bro please keep it going
Thank you!!!🙏🏾
great video keep up the work!..
PD: would you share the name of the app used for the cool suscription graphic?
I just made that from scratch in premiere pro lol
Thanks for watching man!
Hey thanks for the video break down of everything! Keep up the great content! I am new to the community and I'm currently working to apply to jobs soon I was wondering if you could give a junior advice on maybe how the market is and what I could do to stand out right now. Is there any specific languages I should learn to become a better software engineer in 2024?
Thanks for watching man! Honestly I'd say these 2 things:
1. Make sure your resume is formatted well enough that ATS systems can properly scrape your resume. With thousands of people applying to the same jobs as you, the last thing you want is to get rejected because your resume couldn't get ranked correctly.
2. Make sure you network. If you see any events happening, attend them and introduce yourself. Make sure you know how to tell your story and sell yourself so that when the right opportunity comes by you don't fumble it.
If you're interested in web development I'd recommend learning Typescript and Next.js. That combo is pretty in demand. Outside of that I'd say Java and Python are also really in demand for backend roles. It mostly depends on what you're into but once you pick one, make sure you stick to it and learn it well before jumping to another language. The fundamentals will usually translate no matter what language you're using. The market is tough, but people are still getting hired. Good luck fam!
Good shit bro 🇺🇸🇺🇸💪💪
Your method of video delivery is very unique and way tight, your plug even flowed with the content. I'm just glad I had nothing in my mouth when you mentioned the amount you pay for rent. Also I think you're missing a '9' on the adobe sub, and common wisdom would say good for you, go to Japan, hell yeah but save 50%, not just 25% (I actually learned that from what Shaq learned from wealthy people he hangs out with)
I've got a few years of experience but I'm only at a 70k salary because that's how it is in Texas. So tempted to hit up the west coast, though I know my expenses will be so much higher.