My 25-Year-Old Software Engineer Salary Journey: Student to H1B Transformation!

  1. I made some major $$$ mistakes – lost nearly $100,000 in crypto and made bad stock choices. Ouch! πŸ’Έ
  2. My income: mostly from software engineering, some from YouTube. πŸ’»
  3. Investments: 25% of my income goes to stocks and ETFs. πŸ“ˆ
  4. Big expenses: car payments and insurance, rent, food, travel, and subscriptions. πŸš—πŸ πŸ”πŸŒπŸ’³
  5. Lessons learned: need to rethink my investment strategy for a safer future. πŸ’‘
  6. Check out the Zve credit card – it’s a game-changer for immigrants in the US! πŸ’³πŸŒŸ

My Financial Mishaps and Source of Income πŸ€¦β€β™‚οΈ

Years ago, I suffered a massive financial loss of almost $100,000 in crypto investments. My stock portfolio also took a hit due to poor choices. Now, I derive my income from two main sources – software engineering and YouTube.

Software Engineering Income πŸ’»

I earn a significant amount through my software engineering job, as well as a smaller income from my YouTube channel. Additionally, my investment income has been quite lucrative.

Maximizing Credit Card Benefits and Expenses πŸ’³

I make use of a credit card to manage my high expenses, allowing me to gain cash back and build credit history. Immigrants to the US can benefit from credit cards like the Zve credit card, which doesn’t require a social security number.

Credit Card Benefits 🌟

The Zve credit card offers perks such as high credit limits, rewards on groceries, no forex transaction fees, and the ability to earn cash back from day one.

Monthly Expenditures πŸ’Έ

Every dime of my income is carefully allocated, with 25% going to investments and a significant portion being spent on car payments and rent. I also spend a considerable amount on food, demonstrating a free-spirited lifestyle.

High Expenses and Investments 🏠

A substantial chunk of my salary goes into investments, with the rest allocated to car payments, rent, food, travel, and subscriptions.

Investment Strategy and Portfolio Allocation πŸ“ˆ

Ideally, I aim to allocate 90% of my investments to ETFs and 10% to stocks. However, my current portfolio consists of a mix of ETFs, individual stocks, mutual funds, and crypto.

Current Investment Portfolio πŸ’Ό

I currently have a diversified portfolio, with ETFs making up the majority, followed by individual stocks, mutual funds, and a small percentage in crypto. I have a goal to rebalance towards a more secure investment strategy in the future.

Now that you have a clear overview of how I manage my software engineering salary at 25, be sure to leave your thoughts in the comments below!

Key Takeaways:

  • Managing high expenses with a credit card
  • Allocating income towards investments
  • Diversifying investment portfolio for future security

FAQ:

Q: How do you manage the risk associated with cryptocurrency investments?
A: I carefully allocate a small portion of my portfolio to crypto to mitigate risk.

Q: What tips do you have for immigrants building credit in the US?
A: Consider credit cards like Zve that don’t require a social security number for initial credit building.

Remember, smart financial management is crucial for long-term stability. Thank you for taking the time to understand my financial journey! πŸ“Š

About the Author

Singh in USA
1.1M subscribers

About the Channel:

Software Engineer, iOS + Android Developer, YouTuberMy Schooling School – Amritsar, Spring Dale Senior School Undergrad & Masters – Atlanta, GA- Georgia State UniversityBusiness and contact – hello@singhinusa.com
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