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Left suit jacket in Uber...
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That number in the video includes side hustles, retirement contribution (10%), and 401k match. Straight out of undergrad, you start as a BA, and in 1-2 years depending on performance you make SBA. In another 0.5-1.5 years you make a ‘pre-MBA’ Associate which is this person’s current level. Base is 120k with 20-30% bonus on top. So if you’re doing the math, you can make this money is as little as 1.5 years post undergrad, but that’s only for a select few high performers. Most will take longer.
So you’re saying it’s atypical however, not dramatized or for propaganda as other people are pointing out? How so.
To clarify:
-Graduated HS at 17
-Graduated Auburn at 20
-Graduated UVA grad school at 21
-BA 6 mo.
-SBA 12 mo.
-Now Assoc.
-Budget is based on Base, all bonuses into savings (which is TBD purpose right now bc waiting to see what happens with MBA)
-Did the video for publicity on the Free Resume service as well as the clothing brand (which they didn’t really feature too well)
Drop that mike
Anyone else notice the math doesn’t make sense? $172k per year, but his monthly budget is $6,561. Annualized that’s $78,732. There’s no way his effective tax rate is 55%.
Also, Roth IRA phase out starts around $120k based on the adjusted gross income, which is about what his take home should be at $172k.
Sounds like propaganda indeed...
Yeah I also noticed this. One of the reasons why I made this post. What do you think is going on here?
Only Auburn grads are able to do this at A.T. Kearney
War Damn Eagle
Oh and he had a masters when he started and has performed well.
Wahoowah actually for Master’s :-)
I think the 172 includes bonus, but his monthly budget is based on his base. Source: make $120 in NYC and monthly income is $6K including 401k