Am I gonna renting the rest of my life on 85-90k a year ? (San Diego: condo, credit card)

[dg628]

I’ve been working for a bigger electrical company that isn’t a big name yet. We do a lot of biotech and pharmaceutical/lab stuff. So we constantly have work and everyone says it’s a pretty good merit shop to work for. Plenty of OT but once you reach journeyman level after they send you to ABC (trade school) for your apprenticeship , your looking at low 40s/hr , you could move up to 45/hr ish as a journeyman but the real money won’t be until you make foreman.

If I stick with this company and stay in San Diego for the foreseeable future , will I ever be able to afford anything other than a $&@?hole studio ?

We’re working 56 hour weeks and the money adds up quick with OT but you can’t always depend on OT.

[Racer46]

Originally Posted by dg628

I’ve been working for a bigger electrical company that isn’t a big name yet. We do a lot of biotech and pharmaceutical/lab stuff. So we constantly have work and everyone says it’s a pretty good merit shop to work for. Plenty of OT but once you reach journeyman level after they send you to ABC (trade school) for your apprenticeship , your looking at low 40s/hr , you could move up to 45/hr ish as a journeyman but the real money won’t be until you make foreman.

If I stick with this company and stay in San Diego for the foreseeable future , will I ever be able to afford anything other than a $&@?hole studio ?

We’re working 56 hour weeks and the money adds up quick with OT but you can’t always depend on OT.

Don't go out to eat more than once a week, waste money on "special" clothes, rather buy a cheap used car, pay every credit card you use off each month in full, save, save save and buy a fixer upper are you best way to get a home. It will take a few years.

[roadwarrior101]

Originally Posted by dg628

I’ve been working for a bigger electrical company that isn’t a big name yet. We do a lot of biotech and pharmaceutical/lab stuff. So we constantly have work and everyone says it’s a pretty good merit shop to work for. Plenty of OT but once you reach journeyman level after they send you to ABC (trade school) for your apprenticeship , your looking at low 40s/hr , you could move up to 45/hr ish as a journeyman but the real money won’t be until you make foreman.

If I stick with this company and stay in San Diego for the foreseeable future , will I ever be able to afford anything other than a $&@?hole studio ?

We’re working 56 hour weeks and the money adds up quick with OT but you can’t always depend on OT.

Maybe you could find a place to buy out in East County where you can get more for your money. Sure, you're not right in the action, but you can have a better quality of life and always drive into SD if you want some entertainment.

[moved]

What happened with moving to Seattle?

[moved]

Originally Posted by roadwarrior101

Maybe you could find a place to buy out in East County where you can get more for your money. Sure, you're not right in the action, but you can have a better quality of life and always drive into SD if you want some entertainment.

Maybe he could find a place in Santee or Lakeside.

[cruitr]

Get married to a white-collar professional.

[ipaper]

Originally Posted by dg628

I’ve been working for a bigger electrical company that isn’t a big name yet. We do a lot of biotech and pharmaceutical/lab stuff. So we constantly have work and everyone says it’s a pretty good merit shop to work for. Plenty of OT but once you reach journeyman level after they send you to ABC (trade school) for your apprenticeship , your looking at low 40s/hr , you could move up to 45/hr ish as a journeyman but the real money won’t be until you make foreman.

If I stick with this company and stay in San Diego for the foreseeable future , will I ever be able to afford anything other than a $&@?hole studio ?

We’re working 56 hour weeks and the money adds up quick with OT but you can’t always depend on OT.

Probably not, if you continue live there.

[dg628]

Originally Posted by Racer46

Don't go out to eat more than once a week, waste money on "special" clothes, rather buy a cheap used car, pay every credit card you use off each month in full, save, save save and buy a fixer upper are you best way to get a home. It will take a few years.

I’ll settle for a nice condo if it’s in SD proper. Don’t necessarily need a house.

[GuyInSD]

Originally Posted by dg628

I’ll settle for a nice condo if it’s in SD proper. Don’t necessarily need a house.

At that salary, I can see getting a $360K mortgage; throw in 20% downpayment, and you're looking at a $450K place - have you looked to see what's available? What areas are you interested in living in?

[moved]

Originally Posted by dg628

I’ll settle for a nice condo if it’s in SD proper. Don’t necessarily need a house.

Moving to Seattle is a better idea.