BUDGET MY 120,000 SALARY PAYCHECK

@brandonwongp

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Why it worked

The video provides a clear and relatable breakdown of personal finance management, specifically budgeting a salary. The creator's use of on-screen text to display monetary figures and categories makes the information easy to digest, while their personal experience as a software engineer in a high-cost-of-living city like Seattle adds a layer of authenticity and relatability.

Summary

The creator breaks down their monthly $9,293.40 paycheck as a software engineer in Seattle. They detail allocations for taxes, benefits, 401k, Roth IRA, crypto, and individual brokerage accounts, leaving a leftover amount for discretionary spending.

Structure

1Introduction and net pay
2Taxes and benefits deduction
3401k contribution
4Roth IRA contribution
5Crypto investment
6Individual brokerage investment
7Leftover funds and automated routine

Product placement

Fidelity Investments (appears as a watermark/logo on screen, does not act, removing it would not change what happens in the video) Capital One (appears as a watermark/logo on screen, does not act, removing it would not change what happens in the video)

Original caption

Budget my salary as a Software Engineer living in Seattle💸 This video is NOT to flex but to show you guys how YOU can structure your own payday routine. I am extremely grateful to be in this position. #PersonalFinance #Budgeting #expenses #money #invest @Fidelity Investments @Capital One

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On-screen text

BUDGET MY 120,000 SALARY PAYCHECK $9293.4 $2050 taxes benefits + insurance $60 401k $552 roth ira $583 crypto $800 individual brokerage $1700 leftover $1327

Transcript

so I just got paid $9293.4 I just got paid $9,293.40 as a software engineer living in Seattle. I budget every month. I don't get to keep all of that I pay $2,050 to taxes, which is absolute robbery but it is what it is. I have some benefits + insurance which is like and healthcare. I only pay $60 to that. 401k I put up to my employer match which comes out to $552 $552. so why not and to the fun part. I have a completely automated payday routine where my take home automatically split different accounts. first we have my HYSA high yield savings which gets $500 $500. I'm just building emergency fund making sure still works for me. next we have my Roth IRA where I contribute $583 $583 a month. puts me on pace of the year. By the way if you haven't up already account you can you're young get started on that. and the third my crypto brokerage account $800 where I put $800 into Bitcoin. risky and I do not recommend it. but I personally have been a long time investor and then lastly into my individual brokerage $1700 brokerage account where I split it evenly into three different ETFs. so that leaves $1327 $1,327 to kind of whatever I want with and I'm only able to do that because I have this routine my money is already set up and working for me. if you have any questions about my routine comments follow for more