📌Learn how to invest with my FREE guide: nicktalksmoney.com/7StepsToInvest 📌Start investing & get free stock*: nicktalksmoney.com/public Aerospace Engineer vs Investment Banker: who makes MORE MONEY?💰 Key assumptions: -Both invest half their income & get an 8% average annual return -Both pay off their debt (using half their income) before investing -Both receive roughly the median pay based on years of experience, assuming they continue to climb their respective career ladders Obviously, both these professions make GOOD money - but if you don’t consistently save & invest, it doesn’t matter how much money you make, it’ll be hard to EVER retire. Also, it’s important to point out that, no matter what historical averages have been, investment returns are NOT guaranteed. If you’re planning to invest, ensure you understand all the risks involved. Subscribe to learn more of what school SHOULD’VE taught you about money🧠 Appreciate you! -Nick . . . . . . Disclaimer: This content is purely educational in nature and is NOT intended to be financial or tax advice. Consult with a qualified professional who understands your specific situation before making any financial decision. Nick holds the CFP® designation, and had a career as a financial planner, but does not currently advise clients and solely focuses on creating educational financial media. *I’m an affiliate partner of Public & receive a small commission if you open an account through my link. This helps keep my content free!
Renember, you gotta have fun with your money. But don't have too much fun. Make sure you invest a large portion of it while you spend as little of a portion as you can, while *_only sometimes_* having fun with ur money. Not all the time, you need to invest _:)_
An investment banker knows more about investment than an aerospace engineer surely plus he has a ton of insider information plus a high salary plus he works all day all year long so doesnt get much time to spend his money so he probably invests it all into assets which definitely will give more returns than assets chosen by an aerospace engineer for investment. He can buy supercars watches and fuck expensive hookers still u can never get ahead of him
How TF does an investment banker have a net worth of just 4.1 mil. Dude has a salary of 2 mil. I mean, even if he owns a 4 mil house, his networth gets 4mil from there itself.
@@Imgoodwithnames go on hikes, explore and travel the world, live comfortably, live without worry for your future kids and yourself because of money, own property’s and make more money and keep investing to make more money to live passively and later pass down your properties to your children, and live your life. Although I get work till you’re 50 sound bad but it won’t if you have a work life balance your comfortable with. 💵🤦
Hmmmmm🧐 Lemme think about this one Claiming you can make a lot of money Spending most their money into doing something. Easy to do and works for any job Sounds like a pyramind scheme
@@Name-ru1kt I love how these youtubers say "invest 50% of your money" and they think it'll all go well then they also forget that people actually want something useful instead of living like it's the great depression
I mean living with your parents is a good strategy right after college until you can get money flowing. But if your investing that much your be living with them for a WHILE
@@Electricity667 This is just plain wrong, any more than 15-20% of your pay cheque on investing is just plain bad financially, 5%-10% is the recommended amount.
the fact that investor dude can just work for like 4 more years and have the double of aerospace guy's 35 years of builded up net worth *without even investing a single cent of it*
@@billryanmewouoyepndjouo6949the investment banker will 100% become a millionaire if he’s half decent at his job. The aerospace engineer probably will also.
🌹I'm 48 years old living in Las Vegas I'm hoping to retire at 55 if things keep going well for me. Bought my first house last month and I can't be more proud of myself. I'm glad i made a great decision about my finances that change me for ever
Congratulations you are really doing well at your age.l'm 42 and my finances are in mess right now,any great tips would really go along way in shaping my life, I want to buy a house that's really good too🙏
@@billsouthard3574 There are a lot of strategies to make tongue wetting profits especially in a down market but such sophisticated trades can only be carried out by proper market experts.
@Erica Wembley I have been working with Mrs. Victoria Hale as my trader and I highly recommend her. Her strategies have been successful in improving my trading performance.
Nothing says ritch daddy more than saying to invest half of every paycheck ignoring the need to pay for groceries, gas, car payments, house payments/rent. The investments of the "smart" one is incredibly unsustainable for most. You're also ignoring what happens if the thing you invested half of every dollar you ever made into goes down the toilet.
This is just a dumb storyline based off assumptions that one would spend as if there was no tomorrow and the other as if a financial crisis is about to occur. IB might have a bit more expenses but honestly speaking is more of an asset if we are to consider things like costs incurred by networking to be beneficial to one’s career.
Well who really won? The guy who lived on 32,000 for a few years in they're 'Prime Age' or the guy who enjoyed they're youth and still retired rich and relatively early (50)
10% is a max… water, heating, cooling, electricity, taxes, food, phone, internet, sewer, and that outrageous 50% to investments (that aren’t a secure way of making money) is just… stupid.
@@mattdaemontargaryen5256 yes they do i mean its not a part of their job but they are really good at timing the market and knowing which stocks to invest into and they are also know how to use debt to buy real estate in a good way
Ok good I'll invest half my pay check and eat one rice for every meal and live in a cardboard box. I also don't really need to support my wife and kids so.....
@@kyh148 well in simple terms investment bankers are basically realtors of corporate world, they make deals when a company buys or mergers into one, like Disney buying marvel, and they also help private company go public with their LPOs
I am pretty sure this is very inaccurate. Like im pretty sure aerospace engineers get paid more and most investment bankers are going to make 2,000,000 ANUALLY
What if the company you work for goes bankrupt? What is the investment broker you’re at closes and loses your money? What if something unforeseen happens in your life and that dragged you down financially? Blueprints for the future is a fool’s errand…you make it sound too easy and most people don’t have an easy life, I’m grateful for all that I have and also accomplished in my life but I know all those things can be lost if the wrong decisions are made
Yea but being able to say you're an aerospace engineer is cooler than having more money, and if life is not about the constant pursuit of more knowledge, then life is worthless. The respect and knowledge you get from being smart is much more fulfilling than money at the end of the day.
He's comparing two degrees, but has them make completely different life chocies. For example, an aerospace engineer investing 50% of each paycheck straight out of undergrad? Not a fucking chance unless you live with your parents.
50-30-20 is a good rule to live by. 50% to needs 30% to wants and 20% to investing. You need to take advantage of compound interest in your 20s and 30s
Honestly its not about how much you've make but how much happy you are now with your career,In my country malaysia we all being stuck for years by our study loan,car loan,house loan,motorcycle loan,it feels loan and you just like your significant other they follow you everywhere😂,but then life is worth living,we usually settle all our loan at mid 40's or mid 50's.
Ok but like what the point of being rich after being 50 I mean live isn’t fun and u adready had ur kids at 30 all ur gonna do is watch tv or cookie I ran work than be so bored
Idk if u guys are joking but investment bankers are not investors lol…. So It’s not uncommon for junior bankers to not know the fundamentals of personal investing + most investment banks place restrictions on their employees trading/buying stocks anyways bc they deal with private information at work
All this guys advice is the same. Invest half your income, and have a lower paying job beat out a higher paying job after time. But like, it’s just the same video over and over. 😂
Here’s the thing, I would also spend most of my money from 20 to 30 because those are your prime years of fun. Once your old you can’t do much of what you could’ve when you were young.
These are the most clueless kind of videos. Who the hell saves 50% of their salary in perpetuity? People have expenses, families etc - its unrealistic assumption resulting in an unrealistic outcome.
It's pointless saving up until you're old I rather stay average pay/money and enjoy my entire life then save until I'm super rich fo enjoy 10-15 years of it
what company are you working at that only pays 72k to be an aerospace engineer? spacex and nasa both start at 6 figures out of college and becoming a chief aerospace engineer at spacex is upwards of 300k
Bro isn't even following his own guide and also can there be one which is actually more of a which one actually makes more money instead of if you spend money you lose the challenge because that's what it's more of it's more of a you spend money you're going to lose regardless but if you don't spend money out of nowhere you just win like oh so you haven't spent a dollar for today you win the lottery like bro what
Yep theres always that 1 guy that races who invests more in the past years, works for a investing company and doesn't give a shit about investing then at the end he be like: *omg how did you invest so much, teach me* then that cringe ending telling you to buy a app to invest every single penny or something like that
📌Learn how to invest with my FREE guide: nicktalksmoney.com/7StepsToInvest
📌Start investing & get free stock*: nicktalksmoney.com/public
Aerospace Engineer vs Investment Banker: who makes MORE MONEY?💰
Key assumptions:
-Both invest half their income & get an 8% average annual return
-Both pay off their debt (using half their income) before investing
-Both receive roughly the median pay based on years of experience, assuming they continue to climb their respective career ladders
Obviously, both these professions make GOOD money - but if you don’t consistently save & invest, it doesn’t matter how much money you make, it’ll be hard to EVER retire.
Also, it’s important to point out that, no matter what historical averages have been, investment returns are NOT guaranteed. If you’re planning to invest, ensure you understand all the risks involved.
Subscribe to learn more of what school SHOULD’VE taught you about money🧠
Appreciate you!
-Nick
.
.
.
.
.
.
Disclaimer: This content is purely educational in nature and is NOT intended to be financial or tax advice. Consult with a qualified professional who understands your specific situation before making any financial decision.
Nick holds the CFP® designation, and had a career as a financial planner, but does not currently advise clients and solely focuses on creating educational financial media.
*I’m an affiliate partner of Public & receive a small commission if you open an account through my link. This helps keep my content free!
Thanks
Thanks for this tip this can help me when I graduate from college
STOP. SCAMMING.
Bro he is an inventing banker how tf can't he invest
@@CameronsMusichow does he scam
He literally is an investment banker how tf does he not know how to invest
Plot
Fr
fr
Cuz obviously the internet guy who doesn’t actually teach anything is better at investing
Loll
Renember, you gotta have fun with your money.
But don't have too much fun.
Make sure you invest a large portion of it while you spend as little of a portion as you can, while *_only sometimes_* having fun with ur money. Not all the time, you need to invest _:)_
dude is asking who makes more money then giving one of them a huge advantage
It’s how the real world works🤷♂️
@@nicktalksmoney not really dont title the video who makes more then make one of them invest alot and the other not it defeats the point
The fact they are both still on rival in the age of 50 is awesome thats like rivals in movies
Honestly. These videos are interesting but I always notice how one falls victim to lifestyle inflation and that’s the real divide, not salary.
Yes but the difference is the banker enjoyed his youth
You’ll still need more than that to survive inflation lol
I became truck driver I payed a total of 500 dollars in test. I payed another 12k to my school, using gov to pay I now make 84k on my first job.
When you have a job as a cook but have no idea how to cook:
Random guy on yt on investment
> Investment banker😂
I don’t think aerospace engineers get paid that low. Most specialty engineers start off atleast 100k
The starting salary of a aerospace engineer in 77,000
This is only possible if you commit tax fraud
The real amazing bit isn't how much money he made, its how he hasn't aged in 50 years.
Bro has a larger smile than those creepypasta photoshop faces. AND he says "Nick's FREE investing guide" way too much.
I am legit studying for aerospace engineering so i think i know how my life is gonna pan out now XD
Yes but the investment banker still had 80% of what the aerospace engineer had, and he also spent his money on nice things which is way better
IN VEST MENT BANKER. BRO THAT'S YOUR JOB
Bro, the dorsia💀
Make a more believable scenario where an INVESTMENT banker doesn’t fail to invest
POV: you are an investment banker who doesn’t know how to invest
An investment banker knows more about investment than an aerospace engineer surely plus he has a ton of insider information plus a high salary plus he works all day all year long so doesnt get much time to spend his money so he probably invests it all into assets which definitely will give more returns than assets chosen by an aerospace engineer for investment. He can buy supercars watches and fuck expensive hookers still u can never get ahead of him
Bro if u aint making 1million a month then only u can invest 50%. Provided if no taxes,no stock market crash etc etc.
dude cars count as assset and so they should also count in the networth
could've invested faster and/or invested more than just 10% then bro would've won
Engineering be making more than 75 lol
These aren’t fun anymore he just flexing his investment guide would probably doesn’t work
He would not have enough money to invest 50 percent and eat
How TF does an investment banker have a net worth of just 4.1 mil. Dude has a salary of 2 mil. I mean, even if he owns a 4 mil house, his networth gets 4mil from there itself.
An investment banker failing to invest 💀
@@Imgoodwithnames go on hikes, explore and travel the world, live comfortably, live without worry for your future kids and yourself because of money, own property’s and make more money and keep investing to make more money to live passively and later pass down your properties to your children, and live your life. Although I get work till you’re 50 sound bad but it won’t if you have a work life balance your comfortable with. 💵🤦
basically failed in life 😂
They are just M&A advisors, glorified number crunching sales men. Not investors
@@smartgamer9995 since when does hiking cost money
@Smartgamer999 Cars ,houses and luxury items are a part of your net worth just like you investments
Advice: never trust a yt shorts "investing pro"
Agreed.
Hmmmmm🧐
Lemme think about this one
Claiming you can make a lot of money
Spending most their money into doing something.
Easy to do and works for any job
Sounds like a pyramind scheme
@@Name-ru1kt I love how these youtubers say "invest 50% of your money" and they think it'll all go well then they also forget that people actually want something useful instead of living like it's the great depression
Yeah even though the investment banker didn’t invest early he still enjoyed his life more than that of the aerospace engineer
“I invested half of my paycheck and now I’m broke 😃” this should be the dialogue.
I mean living with your parents is a good strategy right after college until you can get money flowing. But if your investing that much your be living with them for a WHILE
@@Name-ru1kt the dude making the vids is like 30 and still living with his parents.
@Name-ru1kt nah, just get a roommate or gf. Rent can be for a one room or 2 room....wait nevermind it's amercia
Half is too much. Typically 25% will do the trick
lmao if you cant live with 10% of your income your incompetent or poor af
This dude clearly lives with his mother.
It is not a smart financial decision to invest 50% of your paycheck, 15% at the most.
Actually this is how you should spend your money:
40% on expenses
20% on wants
40% invest
@@Electricity667 This is just plain wrong, any more than 15-20% of your pay cheque on investing is just plain bad financially, 5%-10% is the recommended amount.
@@striderwhiston9897 if you can’t do 40% without losing so much money is because your expenses are too high compared to your annual income
@@Electricity667 It's not, the only way you can do 40%-50% is if you're either extremely fortunate or live with your mother/father.
Are you rich? Do you follow your advice?
the issue with investing 50% of your paycheck, is you need to make twice the amount that you need to make a living.
Another issue is how the investment banker can't invest
Especially with inflation
@@Funniwesd he kinda can, investing over 20% of your pay check is just a terrible idea
Well you can live off of 80K a year 🤷♂️
@@A_Cool_Person69lmfaooo why? Please elaborate. What is so bad about investing more?
The fact that I'm learning more from the comments than from this video 💀💀
The most unrealistic part of this is graduating college with only 24 grand in debt.
the fact that investor dude can just work for like 4 more years and have the double of aerospace guy's 35 years of builded up net worth *without even investing a single cent of it*
It's a made up stuff 😂
None of them will become millionaire
@@billryanmewouoyepndjouo6949the investment banker will 100% become a millionaire if he’s half decent at his job. The aerospace engineer probably will also.
🌹I'm 48 years old living in Las Vegas I'm hoping to retire at 55 if things keep going well for me.
Bought my first house last month and I can't be more proud of myself. I'm glad i made a great decision about my finances that change me
for ever
Congratulations you are really doing well at your age.l'm 42 and my finances are in mess right now,any great tips would really go along way in shaping my life, I want to buy a house that's really good too🙏
Same here I'm looking for something I can venture into on a short term basis, I have about $15k
sitting in my savings.
I do see it that forex and crypto trading is one of the profitable money exchange services that elevates investors and their
financial status.
@@billsouthard3574 There are a lot of strategies to make tongue wetting profits especially in a down market but such sophisticated trades can only be carried out by proper market experts.
@Erica Wembley I have been working with Mrs. Victoria Hale as my trader and I highly recommend her. Her strategies have been successful in improving my trading performance.
That American Psycho reference tho…
which one?
THERES MORE??
The one I saw was the Dorsia reference
Yesss the Dorsia reference
Let's see Paul Allen's investment
HEY PAUL!
“Let’s see who’s richer at 50,”
The investment banker’s age: 49
The engineer’s age: 20
THAT AIN’T FAIR 😂😂😂😂😂
I think everything is just free in his world where he can invest half his salary
At least the 10% guy was somewgat reasonable
Yeah.
People can generally invest half their gross income when they have no debt. Usually works pretty well.
I think you’d have to have a high paying job to actually invest half
@@w_6880 not really, for the average person even without debt investing 50% is a sure fire way to get yourself IN debt.
This is so unrealistic and also bad advice half is too much
Nothing says ritch daddy more than saying to invest half of every paycheck ignoring the need to pay for groceries, gas, car payments, house payments/rent. The investments of the "smart" one is incredibly unsustainable for most. You're also ignoring what happens if the thing you invested half of every dollar you ever made into goes down the toilet.
This is just a dumb storyline based off assumptions that one would spend as if there was no tomorrow and the other as if a financial crisis is about to occur. IB might have a bit more expenses but honestly speaking is more of an asset if we are to consider things like costs incurred by networking to be beneficial to one’s career.
It is us, we are the poor ones.
Ain’t no way homie got a reservation at Dorsia
Well who really won? The guy who lived on 32,000 for a few years in they're 'Prime Age' or the guy who enjoyed they're youth and still retired rich and relatively early (50)
10% is a max… water, heating, cooling, electricity, taxes, food, phone, internet, sewer, and that outrageous 50% to investments (that aren’t a secure way of making money) is just… stupid.
Not an investment banker not knowing how to invest💀
4 years of college for aerospace engineering for 25 grand? What planet does this guy live on?
If you’re responsible and do it right then you can get a degree without taking any debt
The only investment banker that doesn’t know how to invest 💀💀💀
Investment Bankers don't actually invest
@@mattdaemontargaryen5256 yes they do i mean its not a part of their job but they are really good at timing the market and knowing which stocks to invest into and they are also know how to use debt to buy real estate in a good way
Ok good I'll invest half my pay check and eat one rice for every meal and live in a cardboard box. I also don't really need to support my wife and kids so.....
bro secretly promoting himself💀
Secretly?
>gets paid double
>is literally an investor as job
>doesn't invest anything
???????
investment bankers are not investors holy hell how are so many people uneducated about what an investment banker is in comments
@@no1factsspeaker321 Could you explain what the difference is?
@@kyh148 well in simple terms investment bankers are basically realtors of corporate world, they make deals when a company buys or mergers into one, like Disney buying marvel, and they also help private company go public with their LPOs
I am pretty sure this is very inaccurate. Like im pretty sure aerospace engineers get paid more and most investment bankers are going to make 2,000,000 ANUALLY
Sorry, every Investment Banker is aware about compund interest and long term gains at the stock market....
No chance an aerospace engineer makes 72k from the start
U think it should be higher or lower?
@@El-ok3pv lower average is around 50k
The bankers making 150k, that's much more inaccurate
@@PlushChie not really
fr aerospace engineers make at least 6 figures out of college
Bro that has nothing to do with their profession. Anyone can invest and what kind of investment baker can’t manage money and invest
He will not be the richest for for long though then Investment banker over 10x him in pay
do not invest half of your salary a year unless your bills and rent are bing paid for you
Ah yes because everyone can invest 50% and still have heating
What if the company you work for goes bankrupt?
What is the investment broker you’re at closes and loses your money?
What if something unforeseen happens in your life and that dragged you down financially?
Blueprints for the future is a fool’s errand…you make it sound too easy and most people don’t have an easy life, I’m grateful for all that I have and also accomplished in my life but I know all those things can be lost if the wrong decisions are made
Not exactly fair cuz one of them invested and the other diddent
bruh investing half his pay check bro is eating breadsticks with mustard
Military brats: imagine having student debt
Tf bro net worth is a horrible indicator of wealth
Wdym it’s literally THE number to track wealth??
Yea but being able to say you're an aerospace engineer is cooler than having more money, and if life is not about the constant pursuit of more knowledge, then life is worthless. The respect and knowledge you get from being smart is much more fulfilling than money at the end of the day.
I'm literally an aspiring aerospace engineer XD
Me too
Just work one more year and you have more money😂
*I'm as rich as scrooge McDuck* bro those few million dollars don't even come close to how much money scrooge McDuck has 💀
Yo is it me but this dude is Christian Eriksson
Lol this is so so unrealistic.
“Ok know I bet he dose not know this one simple life hack, i have a gun”
He's comparing two degrees, but has them make completely different life chocies. For example, an aerospace engineer investing 50% of each paycheck straight out of undergrad? Not a fucking chance unless you live with your parents.
Hear me out, HAVING MILLIONS OF DOLLARS BY 60 IS MEANINGLESS, live your youth once you are old money will not mean anything for you!
Not with those million dollar bonuses
It is way harder than you make it
“invest half your paycheck”
Bro living of Costco free samples
I’ve met people who did this, they all said they should have enjoyed their 20’s and 30’s while they could
50-30-20 is a good rule to live by. 50% to needs 30% to wants and 20% to investing. You need to take advantage of compound interest in your 20s and 30s
Honestly its not about how much you've make but how much happy you are now with your career,In my country malaysia we all being stuck for years by our study loan,car loan,house loan,motorcycle loan,it feels loan and you just like your significant other they follow you everywhere😂,but then life is worth living,we usually settle all our loan at mid 40's or mid 50's.
Damm Paul allen you don't know how to invest yourself
This is what happens when plot armour is applied to real life
how did u get reservation at Dorsia???
They were impressed with my business card
Ok but like what the point of being rich after being 50 I mean live isn’t fun and u adready had ur kids at 30 all ur gonna do is watch tv or cookie I ran work than be so bored
Idk if u guys are joking but investment bankers are not investors lol…. So It’s not uncommon for junior bankers to not know the fundamentals of personal investing + most investment banks place restrictions on their employees trading/buying stocks anyways bc they deal with private information at work
All this guys advice is the same. Invest half your income, and have a lower paying job beat out a higher paying job after time. But like, it’s just the same video over and over. 😂
He always tryna make the better salary lose HE AN INVESTMENT BANKER HOW HE DON'T KNOW HOW TO INVEST
Here’s the thing, I would also spend most of my money from 20 to 30 because those are your prime years of fun. Once your old you can’t do much of what you could’ve when you were young.
Bro got his investment qualifications from a Walmart bag
These are the most clueless kind of videos. Who the hell saves 50% of their salary in perpetuity? People have expenses, families etc - its unrealistic assumption resulting in an unrealistic outcome.
It's pointless saving up until you're old I rather stay average pay/money and enjoy my entire life then save until I'm super rich fo enjoy 10-15 years of it
The real question I have is that why is the aerospace engineer’s starting salary only 72k? Where I am from, it is in the six-figure category at least.
what company are you working at that only pays 72k to be an aerospace engineer? spacex and nasa both start at 6 figures out of college and becoming a chief aerospace engineer at spacex is upwards of 300k
Nah but fr tho if your struggling with a 500k salary, then you need a financial advisor and have your weekly spending limited
The banker was making 2 milllion at 50 and the eng only 160k , even if the banker only works a year more, he will win by a margin of 1 million
Bro what kind of plot is this? The investment banker doesn't know how to invest? but the aerospace engineer does? WTF?
Who tf gets $72k starting salary??
That’s pretty common for engineers. I’d say the starting salary in my graduating class 5 years ago was $72k. Salaries ranged from $55k to $98k.
@@Mogardie where I am, salaries of £70k up is for experienced professionals and that's if you work in places like London
@@jasperthompson9759 this guys is from America. Pretty sure the lowest starting wage at my company is $72k if not higher now.
Bro isn't even following his own guide and also can there be one which is actually more of a which one actually makes more money instead of if you spend money you lose the challenge because that's what it's more of it's more of a you spend money you're going to lose regardless but if you don't spend money out of nowhere you just win like oh so you haven't spent a dollar for today you win the lottery like bro what
Yep theres always that 1 guy that races who invests more in the past years, works for a investing company and doesn't give a shit about investing then at the end he be like: *omg how did you invest so much, teach me* then that cringe ending telling you to buy a app to invest every single penny or something like that
Does anyone have suggestions for good colleges for aerospace engineering. Just curious bc that’s what I want to do.