How I Spend My $110K Engineering Income as a 24 Year Old in SF
ฝัง
- เผยแพร่เมื่อ 14 ก.ค. 2024
- Get the exclusive NordVPN deal here: nordvpn.com/shaheen. It’s risk-free with Nord’s 30-day money-back guarantee! Thanks to NordVPN for sponsoring this video.
I live in the San Francisco Bay Area which is arguably one of the most expensive places in the world. But, there’s a huge tech scene here and engineers love to come and work here to get that high-tech salary. So to show you how expensive it is, here’s how much I spend per week. I’m sharing this because people like to keep their financial life private, but I think sharing it allows us all to learn from each other and better spend our money. I broke my spending down into 8 categories from low to high. Timestamps are as follows:
00:00 Intro
00:35 Haircut
00:42 Monthly Subscriptions
01:11 Phone Plan
01:31 Health Insurance
01:47 Car Insurance
01:56 Utilities
02:44 Gas
03:07 Groceries
03:54 Going Out & Chilling
05:42 Eating Out
07:27 Athletics
09:19 Rent
MY SOCIAL MEDIA:
Insagram: / tamerxi (feel free to DM me!)
LinkedIn: / tamershaheen (feel free to connect!)
Twitter: / tamerxi (new account, feel free to tweet @ me!)
Email: tamerhshaheen@gmail.com
Discord: / discord (let's chat there!)
ABOUT ME:
My name is Tamer Shaheen and I am a recent mechanical engineering graduate from the University of Waterloo. I like to make videos about university/college, engineering, and personal development. Thank you so much for watching!!
Get the exclusive NordVPN deal here: nordvpn.com/shaheen. It’s risk-free with Nord’s 30-day money-back guarantee!
already guessed when you speaking so much sht about vpn
What kind of engineering are you?…I’m currently studying electrical and electronic engineering
@@alonzoball6266 he is a mechanical engineer
861.99 a week for a year is 44,823$ per year and he makes 110,000$ per year which is about 75,000$ a year after tax. so, he is left with about 30,000$ a year for investments, savings, or whatever, and he is only 24 mashallah that is pretty good. I guess an engineering career is pretty rewarding
Ya I honestly wish I could save more
@@TamerShaheen I know it's not what you usually talk about in your videos, but can you give us some advises on how to start investing? or at least how you started?
@@TamerShaheenI think thats a really solid amount. I wouldn’t put to much pressure on me to save even more.
uhm taxes? u get realisticly like 50k in ur bank account.
@@fellox3339 He lives in the US, thats not like Germany where you get taxed 50%
I like how everytime you mention "my 2008 Honda Civic" instead of just saying "my car" 😂
An honest fellow
Reliability over luxury
engineer
@@manuelenng his $110k income is monthly or yearly ?
@@misfitop7359 Well I think his monthly salary is over 9k. With that, I probably wouldn't be worried about a $300 expense on chilling especially as a bachelor 🤷
Just saying though.
Loved how you broke down your expenses into categories for easier understanding! Probably took a lot of time to put this all together!!
This was a great, and helpful video i’m a freshman in college studying civil engineering but i’ve been following your channel for a year or two. I’ve always wondered what kind of quality of life a 6 figure salary gets you and even tho ur in cali it’s still nice to see. So thanks a lot!
it's really nice of you to share this, thanks.
Really appreciate the openness on your spending habits. Very validating to hear others expenses
LOVE THIS VIDEO!!! And I love your money-spending balance, really good game! It's not always lively or not even worth sucking your soul out by cutting down excessively on chilling out, but it for sure should always be regulated.
Love your channel man. God bless. Love seeing an engineer in fitness, as that’s who I’ll be when I’m older
deeply respect the amount of honesty👏
Love the videos Tamer. Do you plan to make a video about how you became an engineer in the US and the process you went through being a Canadian citizen? I think the logistics of you getting a job and moving to the US would be very interesting for all your Canadian viewers such as myself. Keep up the good work
Hi Tamer!
Great stuff! It's first I saw you. But I'll keep coming here lol.
Your stuff management is superb!
Thanks much for sharing
Long time fan Tamer! If you are able to take advantage of a 401k it is crucial that you do this, even at 24. Not only does it bring down your taxes but investing is foundational to your personal finance. Still it looks like you're in the green about 28k after taxes so you're doing great! Thanks for sharing :)
Thank you, I try my best 😅
Great video! Thanks for sharing Tamer!
This very thorough!!! Thanks for sharing. 1060 is a steal in SF.
Everything looks the same for me except I pay higher rent, and go hiking instead of gym.
Amazing video Tamer! thanks for sharing and giving us a potential blueprint. Currently a sophmore studying mechanical engineering and your channel has been a huge help. does this mean you got a new job?
No! I didn’t get a new job yet 😅 this salary is for my last job
@@TamerShaheen That's a pretty high salary for a fresh graduate😊
great video Tamer! Super detailed breakdown and thanks for teaching me you can't say the f word during jiu jitsu competitions!!!
HAHA
yo tamer this jersey is fire keep up the good work my dude love your videos
Being honest with your finances is something that is not easy to do. As a young guy trying to be financially aware from my day to day life, thank you
Loved the Egyptian national team shirt, bro. Been a fan for so long! man you are doing great. Keep the good work up.
This better blow up, amazing vid
I live up in SoMa is SF and yeah, athletics is so expensive, especially if you do class-based fitness like BJJ. So worth it though because the Bay is surprisingly really good for martial arts, especially BJJ!
11:05
100% 100% 100% agree and wish more people took that approach.
We spend about the same between eating out and athletics, and to me, this is a part of life. Is it too much? Sure. But, as your income goes up, the amount literally doesn't matter anymore, and you need to live your life, you only get one of these.
You work to live. I just love it ^-^
@@azmard4865 working to live is better then living to work
Well deserved man keep up the hard work
felt very proud seeing the national egyption team shirt
love your content keep it up
informative video, thanks mate
Love how you appeared with the Egyption national footbal team's jearsey.
oh nice I didn't even know you're Egyptian. great job on how far you've come and nice video. Always happy to see fellow Egyptians doing well.
Love the detail.
all love and respect bro, I'm Egyptian as well and doing mech engineering and you've helped me so much understand a lot of things like what a design engineer does........now I want to be one. so I appreciate all your videos.
I’m happy it helps :)
“Because I go out a lot I like to use VPN” lol😂
Yoo I didn’t know Saint Levant performed in Berkeley lmao, also great video bro and I like the jersey
We have similar expenses. Im in engineering in CA too. But Damn your eating out expenses are high lol Great content
mashalah brother you've done very well for your self. you might pay it in private but remeber the importance of charity.👍
My dude is pocketing 60% of his income. Baller asf
this video is a bit misleading... considering he is making way more than $110k / year due to his TH-cam side gig and whatever other streams of income he has.
This is so useful for those who want to move to the United States (like me). Great work Man! Keep going 😃
hey new to the channel and your video really made me think!. I am 24 as well, and sadly I was unable to go to University after college. (I did two years community college). My parents were unable to help me financially (they were already sending my older brother money and my father's business collapsed) and I didn't get enough grants to be able to afford it as a dependant. I think you are allowed to apply to college as independent at 23 or 24 or something. So when I was 20, I decided to join the military to afford college but got denied at MEPS due to my asthma. so I started working at an Amazon warehouse. work was hard but the money wasn't too bad. Sadly, I didn't end up going back to college and I think I make a little too much to get the really good grants as a independent. While my parents couldn't afford to help with college, they did allow me to still live with them and they didn't charge me anything for the mortgage (I suspect this is due to my grandparents never charging for housing as it's expected in my culture to house families, and I think they felt bad about not being able to help me lol) Anyways, I moved on from the warehouse to the Post Office and continued to work hard. I make about 52k a year base + overtime. I' always work overtime. depending on overtime I typically take home after taxes, 2200-3000 dollars every two weeks. about 1100-1500 a week. with your lifestyle I would be left with 238-638 for savings a week.
I don't live with your lifestyle and I live with my parents. seeing as you're 24 like me, why aren't you still under your parents health insurance? I think you can stay until 26. These are my weekly expenses compared to yours.
Haircut- 0 (I'm currently growing out my hair and have been for the past year)
Subscriptions- $8 (Switch online + Amazon prime + Rocket Money + Unlimted Sips @ Panera Bread).
Phone - 4 (Mint Mobile 3 months free with 3 months. unlimited 5g until 35gs)
Health Insurance - (free thru parents, blue cross blue shield, 30 dollars per doctors visit. dentist is free twice a year for cleaning.)
Car Insurance - Free thru uncle and parents
Utilities- 30 (help mom by hiring a maid once a month)
Athletics - 0 ( job is very active)
Rent- 0
Going out - 50 (typically go out with friends once a week)
eating out - 140 (Don't like cooking and typically get good deals thru apps)
Gas - 80 (work is a little far)
Groceries - 35 mainly just water, protein bars and energy drinks plus misc
Beauty - 18 - hair care products, skin care, soap, toothpaste, hair ties etc.
Fashion- 50 ( I like to get something really nice every once inawhile, typically a polo, jacket, sneakers or cologne.)
Clothes - 10 (I go through socks, wifebeaters and underwear like crazy)
Amazon Prime/ Random Purchases - 50 (typically random stuff, this week was getting galaxy smart tags, last week was a wireless charger and a car cell phone holder etc.)
Gas station snacks 5 - gum, drinks, etc)
Medication - 20 (it is what it is)
I rounded up for even numbers and my lifestyle is around 500 bucks a week. I am able to save 600-1000 a week however I have to dip to savings often, had some car repairs this month. I was very generous last Christmas. Helping my parents with house repairs. Had to stay at a hotel because roads were too bad during a bad winter storm, giving out money for weddings etc. There's a lot of expectations that come with getting a "real" job. all in all, I would say I average about 2-3k directly going into my savings and staying a month or 500-750 a week. which sounds really bad now that I do the math.
Anyways, for a long time I was salty about not being able to go to college and get a 6 figure tech job like I have always dreamed of
however, after watching your video, it seems like I don't have it that bad. thanks for the video and good luck with your career, I'm sure as the years go up you'll make a lot more and should do an update video.
❤❤❤
How are you insured by your parents past 21? That seems unusual.
@@thanosthemadtitan5518 26 in my country. Where are you from?
im honestly glad people like you pay for subscriptions. it means people like me can get it for free on piratebay.
Thank you for sharing
that Egypt kit goes hard fr
Great video!
Recent ME grad in San Diego checking in, running at about $530 per week including everything. Home cook and meal prep ( more fancy dishes tho) except once or twice, less extracurricular activites. Savings getting rekt by student loans tho.
Great job handling your money 👏👏👏
Ayy you drive an 8th gen civic? That's awesome, so do I! Love that car.
It's nice to see you with my countries' national team jersey !
You need a costco membership to shop there. Probally should have included that fee into the price as well.
Dude - way to go, I didn’t know your Egyptian 🇪🇬 👏👏
Glad to see the Egyptian national team t-shirt ❤️
Hey Tamer, I m a fan of your channel. Have lots in common cuz I was from Toronto and moved to NY city for work as an engineer back in 2017. Anyways, I wanted to ask in one of your videos you mentioned Euler Cauchy equations that were related to a project work. Will you mind recalling where that video is since I can't find it any longer. Sorry, I'm a fan of differential equations and partial equations as well.
Love from Egypt 🇪🇬
Wait so he's earning around 9K a month, and has around 4K expenses a month. Does that mean he saves 5K per month as a junior engineer? That would be crazy here in France
Hi Tamer, is it really that difficult to create YT content while studying engineering? Does it affect your studies?
Hello from your subscriber from Malaysia haha ^-^
110,000 - (861.99 * 52) = $65,176
Home boy still got more than half of his income left afrer all of his living essentials.
اول ما شفتك حسيت جدا انك عربي و مصري تحديدا اللي هو زي ما يكون حد صحبي ايام المدرسة و اتاكدت انك مصري بالتيشيرت فعاش يا بطل متابعك بقالي فترة قصيرة بس لفيت في قناتك كتير و بجد اتبسطت جدا استمر انت تستاهل كل خير و اتبسط علي قد ما تقدر ♥️♥️
engg. In UW= 6fig pay in SF.
-my fever dream!
I did a rough estimation of his net income and after taxes he's making roughly 70k to spend every year after federal, state, and municipal taxes. This doesn't even include if he's throwing into his 401k at all. I don't think this guy could afford living on his own there unless he found a dumpy place in a shady part of town. What a great local economy!
California is extremely expensive, nowadays life is about money and nothing else.
Bro wtf 70k ain’t enough to live there on his own???
@@robertjr8205 He can do it. Assuming he does want to save for a home, retirement, and emergency expenses, he'd have to make a drastic change in his current living situation. I think he does a decent job at limiting his other expenses. So having roommates is his best option.
Ya I don’t plan on living alone right now since it’s really expensive. If I want to live alone, I’d have to get a higher paying job or move out of California
I live in a rural part of FL and total overheard for a small house or apartment is about that.
TBH $110k in SF is almost less than average today. Me and my spouse both work in East bay area earning $350k each. Only then we could afford 20% downpayment on houses here!
So about $3,464 spent a month and income is about $9,200 and total net after expenses would be 5,736 left over which you keep about 68,832 a year. That’s hella money left over to save and invest to make more money.
My math could be wrong.
You should do a video reviewing different types of engineering, their lifestyle and what kind of engineering matches what kind of personality. I really want to go into Civil Engineering and specialize in Environmental. I live in a very renewable energy reliable area and it's a very interesting field. I just keep hearing bad things about civil engineering and I'm kind of worried.
It really depends on what standard of living you want and are used to. Civil is a broad, relatively low-risk degree, but it has the lowest median salary out of all the major engineering disciplines. I was in Civil Engineering for a semester and I sincerely enjoyed it, but I realized I like eating out more, so I moved to electrical where I didn't enjoy the coursework nearly as much, but it pays the bills.
First of all congrats on your Bronze medal and you will get the gold next time but just follow the rules, second thing is what you spend monthly is not much compared to how much average person in USA spends monthly there is even not very rich people (like programmers, Engineers and Doctors) spend 3 times more than that in poor countries so you are doing good also with that, and last thing is that's nice T-Shirt Brother!
Really appreciate it 🙏
Great video! Could you do another one about investing, if you're doing any?
Ya sure, I’ll make one in the near future
Love it!
8:31 lol losing a gold medal for saying that 😂
Haha it is what it is
TH-cam is evil for recommending your videos 8 months after flunking my first year
'Rent' - end of video 😂
Do you split the utilities cost with your roommates as well? That internet is really cheap! Thanks for the great video!
The utilities costs I mentioned are how much I pay after splitting it with my roommates
3:44 jeez some of those prices for grocery items seems mad haha, u buying big packs? eggs for 12.99 rice for 23.99 and salmon for 34.99 xD
your a real one Tamer
Tamer, I am a P4 mechanical engineer at tesla in freemont CA (married no kids)and my wife also works as a mechanical engineer and here are my monthly expenses:
My rent and utilities are about 3900$ for 1 bedroom (Aya apartments 5mins walk from tesla)
My eating out and groceries are about 4000-5500
My car payment and insurance is 930$
Travel and leisure comes to around 3-5k a month
Which makes my total spend around 14-18k a month 😢
And now i am looking for a second job to keep up with my expenses💀😅
Okay eating out and groceries, there’s no way you can’t chop that down
@@user-ze9tx7sj7f hahahaha
wooww incredible, you have a great life.
@@leonardovelasquez7556 i am blessed alhmdollah
@@abusager1 let add us at linkedin so we can do designs and stuff like that
My boy Tamer, Honestly am happy for your contents they encourage me so much to do better because we are of same age, took same major ,graduated same year but you are far more and inspiring me so much. I hope this time you’ll accept my linkedIn connect .may be because am now of second degree😂😂..I tried so much to keep this message short for you to read..
Even if you won’t..just thanks ,cause those contents of yours regarding linkedIn helped me to finnaly land my first job at SCANIA TANZANIA..
How much does tanzania pay tho
Love this ❤
Unrelated but can you do a video on how to get lean/your diet. You have a great jawline and I’m assuming you’ve got it by dialing in your fitness/food intake.
Brother can you make a video on How much physics is needed in engineering ?? ❤️🚀
Just out of curiosity, do you think its worth going for cs over computer engineering if it gets me a year and a half off? (Also note I would be getting a minor in CE with the CS major). I want to go into embedded software.
You honestly can’t go wrong with either
I'd personally take the year and a half early graduation to save time and money (and get that extra time getting professional experience), but it could be worth it if there are some important CE classes you want to take that you think will impact your ability to get into embedded software 🤷♂️
I worked as an embedded software engineer. It’s a lot of on-job learning.
Don’t need to much CS/CE education.
I did Physics/Mech/Electrical Engineering. Having a solid grasp of C, Microprocessor architecture and RTOS is good.
Rest is all experience and long hours learning a specific embedded hardware.
Nah you deserve that gold medal. FUCK YEAHHHH!
Bro pointed at the $8 coffee in the thumbnail like $8 for coffee is cheap
really thank you so much for sharing 😍😍😎😎
please could you tell us what the names of insurance company you are with for health and car insurance .
Kaiser Permanente for health insurance and Geico for car insurance
Got dang bro how much are you making? And better question what camera would you suggest for someone getting started?
Love the jersey !
Great vid
The Egyptian team kit!! I knew that you have an arab origin, but I didn't think it will be Egypt man, like me 🇪🇬 may Allah bless and make you always in his immune. ❤️
You forgot a large expense category: taxes.
Wow that's far of my income is right now, at 28 years old engineer i've earned 250$ per month here in venezuela, i'm mechanical engineer as you do, something is wrong with my income
4:35 argentina for the win let's gooo
It was one of the craziest finals
Please make a video on how to find a remote job or internship as a mechanical design engineer for university students.
Thanks
Dua for your best career
I feel like the exact number wasn't necessary, 100k+ would have done it too. Good vid like always
Meanwhile in school: *mitochondria is the powerhouse of the cell*
RIP to the tournament, bit unfair imo! Also, your weekly budget is still more than my monthly budget at uni 😭.
How do you track your expenses btw? Do you use an app or spreadsheet (can’t find a template that works properly)?
*bump* I'd be interested in budgeting tools as well.
Ya at uni, I had no money at all to spend like this either 😅 I just use excel tbh and track it closely via my credit card statements
You rock, Egyptian pharaoh!
King of Wealth
I wish my chipotle was $10 why does my bowl end up being like $15 😂
Tell me that was not THEE Saint Levant performing that you saw!!!!!!
Lool ya it was him, I occasionally listen to his music
wow the “ fuck “ really took you from gold to bronze? Disappointed people are still so offended by this. Obviously it was out of joy and excitement with no ill-intent. Thank you for this video super helpful for an aspiring engineer like myself!
110k in SF is minimum wage you're broke.
Hey Tamer, do you think starting out at a startup would be better and more valuable than starting at a big company?
Yes
happy to see you wearing my national soccer team
You didn’t go over saving/investing at all. I guess you wanted to keep that part private lmao