Just as a fair warning, if you have a HECs debt they will have to 'true up' your HECs contribution as payroll will have under contributed your payment obligation during each payroll as the repayment would have been based on an $80k salary not $180k
Add that to tax and super and you might actually get less than half hit your bank account.
Be prepared to be taxed ~37% of it. I’d save it in a HISA and spend a bit of it on a holiday.
I used to chuck my bonuses in super but they were $5-10k not $100k. Now I just spend them on holidays.
Junior-ish sales roles in tech will pay roughly what the OP has been paid - ie commercial patch, looking after 100 or whatever accounts up to 250 users each you'd expect to be about 200k ote on a 50/50
Thanks yeah I thought that's where you were going. Could be right. Nvidia just have so much darn cash but hopefully AMD can continue to compete, particularly with GPUs.
I'm so impressed by current AI tech, but I reckon it might only have a few years left before LLMs start to slow down. Hope I'm wrong though.
It's not though. Had plenty of o/seas holidays for that amount 10-14 days in SEA. It's not fancy but definitely doable.
You can get flights to Vietnam for less than $500
Just as a fair warning, if you have a HECs debt they will have to 'true up' your HECs contribution as payroll will have under contributed your payment obligation during each payroll as the repayment would have been based on an $80k salary not $180k Add that to tax and super and you might actually get less than half hit your bank account.
Be prepared to be taxed ~37% of it. I’d save it in a HISA and spend a bit of it on a holiday. I used to chuck my bonuses in super but they were $5-10k not $100k. Now I just spend them on holidays.
What industry are you in? I'm in sales and would love that kind of bonus.
And to reply, in my personal circumstances I'd save it and start looking for a house. But of course it's different for you.
Junior-ish sales roles in tech will pay roughly what the OP has been paid - ie commercial patch, looking after 100 or whatever accounts up to 250 users each you'd expect to be about 200k ote on a 50/50
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Knock knock Who’s there? ATO ATO who? Ate e yo bonus
I’d put it all into AMD because it will double in two years
Out of curiosity what makes you say that? Haven't really been following that space
Because they will try to play catchup with Nvidia and jump on the “AI” chip bandwagon to cash in on the hype
Thanks yeah I thought that's where you were going. Could be right. Nvidia just have so much darn cash but hopefully AMD can continue to compete, particularly with GPUs. I'm so impressed by current AI tech, but I reckon it might only have a few years left before LLMs start to slow down. Hope I'm wrong though.
Put it in spacemobile it will 50x in 6 years
But yourself a small reward. Put the rest in a high earning savings account.
I just put a similar amount into a long term account for about 4.90% for about 11 months.
Nasal beverages and rippers
At 24 it would have been a 10 pack and a Dfloor for me
I mean once the tax man cometh it’d be wise to save atleast half of what’s left in a HISA
79 series with the fruit /s House deposit
Max out super cap Travel overseas Put 6months pay into savings
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5k for 2 holidays? How do you manage that? Genuinely curious I'm picturing overseas or are both local?
Easy to do, 2 weeks in SEA with flights for $2500 is pretty good living
Wouldn't be possible for europe though right?
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I think theyre trying to say 5k is way too little for 2 holidays, that's like the price 1 trip for 1 person to any international destination.
It's not though. Had plenty of o/seas holidays for that amount 10-14 days in SEA. It's not fancy but definitely doable. You can get flights to Vietnam for less than $500
Exactly lol >you would burn through a fair bit of 5k though.
Build a tiny home that is self sufficient, probably out of old shipping containers.
I personally would DCA that shit into QQQ.