Nicholas
Appearances
The Ramsey Show
Delayed Gratification Is a Key Ingredient to Building Wealth
I'm good. How are you, Dave?
The Ramsey Show
Delayed Gratification Is a Key Ingredient to Building Wealth
So I just graduated college, took my last final today, and I have a job offer that I've actually taken already for $130,000 a year.
The Ramsey Show
Delayed Gratification Is a Key Ingredient to Building Wealth
Wow, okay. Yeah. And on that note, I have absolutely no idea how to structure this income and how I can save it the best. I have the blessing that I can live with my parents for a while after starting this job. So I think for the first six months, I'll probably be living with them and just saving up as much as I possibly can.
The Ramsey Show
Delayed Gratification Is a Key Ingredient to Building Wealth
But I'd love your insight on whether I should be maxing out my 401k, any other investment tools. I do have debt. I have roughly $30,000 of debt. Okay. All right.
The Ramsey Show
Delayed Gratification Is a Key Ingredient to Building Wealth
So I know that roughly my take home after taxes will be, uh, around seven and a half thousand a month.
The Ramsey Show
Delayed Gratification Is a Key Ingredient to Building Wealth
I I'm ready to start my life. But on that note, uh, what, what should I be aiming to pay for rent? Because this is a very expensive area, uh, kind of hence the large, uh, salary. Um, and. One-bedroom apartments in the area of where I work go for around $2,500. Is that something you think I can afford?
The Ramsey Show
Delayed Gratification Is a Key Ingredient to Building Wealth
A fourth of his take-home, okay.
The Ramsey Show
Delayed Gratification Is a Key Ingredient to Building Wealth
Do you think I should be maxing out my 401k?