Making $80,000 per Year Right Out of College

The video provides an overview of an engineer's financial journey after college, detailing the starting salary, deductions, and monthly expenses. It highlights the importance of understanding gross versus net income, managing student loans, and making informed financial decisions. The speaker shares personal experiences and offers insights into potential savings strategies, emphasizing the significance of financial planning in early adulthood.

What was the narrator's starting gross salary as an engineer?

• $60,000 per year

• $50,000 per year

• $76,560 per year

• $100,000 per year

How much did the narrator contribute annually to their 401K?

• $8,500

• $6,120

• $10,000

• $3,000

What was the narrator's net monthly income after all deductions?

• $3,861

• $4,500

• $3,705

• $3,200

Which expense was the largest for the narrator each month?

• Rent

• Student loans

• Car insurance

• Food

How much did the narrator save monthly after all expenses?

• $600

• $900

• $1,000

• $1,200

What could the narrator have done to increase their savings?

• Increase student loan payments

• Live with friends to reduce rent

• Eat out more often

• Buy a more expensive car

What was the percentage increase in the narrator's salary after a raise?

• 10%

• 8%

• 2%

• 5%