<p>He got an executive position. Seems the first year (even accounting for the bonus,) he paid about $3300/mo on a take-home salary of 5k+. Probably lived with a roommate in a cheap apt. </p>
<p>No, no kid should assume this is easy and an excuse for loading up on loans. But the advice (similar to Dave Ramsey) is good. I forwarded the link to D2, who just graduated, has a job that won’t last (her current work lasts to Aug 1, just about when she starts paying coll loans) - and is spending too much. Her loan debt will be low (I think maybe 225/mo) but she sees money in her pocket as money to burn. I’ve gotten her to grasp why to pay off her ccard debt, rather than monthly minimums. Progress comes slowly.</p>
<p>Blossom, with all due respect, some of your tales about how potential employees are vetted at your company have scared me. One either gets the good job or doesn’t. That kid I know making over 100k in her first real job is a H grad, aggressively pursued internships and summer work that mattered and was one of 25 out of 4000 applicants who got the nod. Gotta wonder if the other 3975 did anywhere near as well. Granted, she’s only got an UG degree. But if a Masters was such an assurance, more kids would be headed back to school. I’d underwrite some of my kids’ grad costs if I “knew” they’d land 80k. For most it takes some good prep, good luck, and time.</p>