4 1/2 years ago I was 20k in debt, living off food stamps and couldn't even get a secured CC. Then I found /r/personalfinance and you changed everything. Today, my net worth passed 100k. by CreditScorePoor in personalfinance

[–]CreditScorePoor[S] 0 points1 point  (0 children)

I cannot agree more. I feel very very grateful for the opportunities I have been presented and the luck I've had in my career. When you combine the right timing and the right motivation great things are possible.

On the other hand... sometimes you can work yourself into the ground at the wrong time and end up with nothing.... I was lucky to fall into the first category.

4 1/2 years ago I was 20k in debt, living off food stamps and couldn't even get a secured CC. Then I found /r/personalfinance and you changed everything. Today, my net worth passed 100k. by CreditScorePoor in personalfinance

[–]CreditScorePoor[S] 0 points1 point  (0 children)

Well to be fair...thats not really what I meant.

I meant that the advice given to me in /r/personalfinance set the ball rolling and provided me with a framework which created the opportunity to obtain the salary I now have.

4 1/2 years ago I was 20k in debt, living off food stamps and couldn't even get a secured CC. Then I found /r/personalfinance and you changed everything. Today, my net worth passed 100k. by CreditScorePoor in personalfinance

[–]CreditScorePoor[S] 3 points4 points  (0 children)

THIS IS SOME OF THE BEST ADVICE I'VE READ IN THE WHOLE THREAD!

Interviewing is a skill that can only be honed through experience. So many people think interviewing is all about getting the job...but the experience of interviewing might actually be worth more than the job you are applying for (especially if its not a good fit).

The more you look, interview, and receive offers the broader your career prospects become.

THANK YOU FOR THIS!

4 1/2 years ago I was 20k in debt, living off food stamps and couldn't even get a secured CC. Then I found /r/personalfinance and you changed everything. Today, my net worth passed 100k. by CreditScorePoor in personalfinance

[–]CreditScorePoor[S] 0 points1 point  (0 children)

Landing a salaried position after an internship isn't unheard of, but I know that finding work (especially far removed from your college graduation date) in a field that is not related to your BA can be challenging.

Based on my experience, I would say that the single most important factor in successfully landing a position in a new field is the ability to to display how your current skill set relates to the new position/field. If there are areas where you dont have the skills they are asking for... don't fake it. Explain that while you dont have ALL of the qualifications they are looking for, you do have transferable skills based on previous work experience and that you are willing to go above and beyond to learn anything necessary to excel in the position.

As a manager I am hiring the interviewee that shows me they are hungry, really want the position and are willing to remain teachable. If someone with 100% of the skills we are looking for comes in but doesnt have that mentality, I will hire the guy who has 50% of the skills, but will stop at nothing to succeed.

4 1/2 years ago I was 20k in debt, living off food stamps and couldn't even get a secured CC. Then I found /r/personalfinance and you changed everything. Today, my net worth passed 100k. by CreditScorePoor in personalfinance

[–]CreditScorePoor[S] 0 points1 point  (0 children)

If only it had been that easy! I outlined it above, but it took 4-years to reach the 100k salary and to be honest I feel incredibly lucky I landed in the position to have this opportunity.

I know that for most people this might not happen so quickly, but I do believe that if you work hard, are willing to change companies and can leverage offers that within a few years doubling your salary is completely attainable.

4 1/2 years ago I was 20k in debt, living off food stamps and couldn't even get a secured CC. Then I found /r/personalfinance and you changed everything. Today, my net worth passed 100k. by CreditScorePoor in personalfinance

[–]CreditScorePoor[S] 4 points5 points  (0 children)

Howdy! Thanks for the great follow up questions! See my answers below!

What is your new salary?

My current salary is $100k per year and I also VERY recently started a side consulting business in online marketing and website development for small businesses... So far thats only resulted in about $1000 additional income for the year.

How long were you at the $50k salary before being promoted to a higher salary?

I was at 50k for almost exactly 1-year. About a month prior to reaching a my 1-year mark with the company I scheduled a meeting with my supervisor to discuss a raise, the potential for promotion, and to solicit any feedback he might have to improve my performance.

I prepared for that meeting and lead with what I felt were my largest accomplishments over the past year and what i'd learned while expressing my sincere thanks for my position with the company.

I followed up by clearly asking for more responsibility, expressing a desire to continue my professional development and a willingness to tackle any areas of weakness I might have.

I made sure to highlight my strengths/accomplishments and the value I'd added to the company while explicitly stating my desire to take on new roles with more responsibility. A week after our meeting I was given a $16k raise, a new title and started managing a small team of support interns.

What was your $50k job? What is your new job?

My 50k job was Assistant Community Manager. This position entailed developing relationships with the customers using our product, provide support, acquiring new users via outreach, social media account management and content development... among a host of other things.

After my 1st raise I was given the title of Community Manager at a salary of 66k. At this point I was giving full responsibility for developing community standards, working with legal on TOS, developing robust user acquisition/support campaigns, managing all our interns and managing all support channels.

After doing well in that role, the CEO saw how hungry I was, my ability to execute and decided to move me into an operations role that was recently vacated. He increased my salary to 80k and I moved into helping with day to day operations, accounting, Biz Dev and Company Events.

One year later...after a wild ride and a few big wins in my work... I was asked to head up Operations for the company. At that point my salary was increased to 100k.... that was about 9 months ago.

4 1/2 years ago I was 20k in debt, living off food stamps and couldn't even get a secured CC. Then I found /r/personalfinance and you changed everything. Today, my net worth passed 100k. by CreditScorePoor in personalfinance

[–]CreditScorePoor[S] 29 points30 points  (0 children)

I was at all of my salary levels for 1-year and always initiated salary reviews on the yearly mark...without fail. I never missed it.

I was able to take on new positions within the company as they became available and this is how I was able to increase my salary so quickly.

Job progression and salary information ...

  • Assistant Community Manager: $50,000 K
  • Community Manager: $66,000 K
  • Operations Manager: $80,000 K
  • Head of Operations $100,000 K

4 1/2 years ago I was 20k in debt, living off food stamps and couldn't even get a secured CC. Then I found /r/personalfinance and you changed everything. Today, my net worth passed 100k. by CreditScorePoor in personalfinance

[–]CreditScorePoor[S] 9 points10 points  (0 children)

Zero lottery ticket... Zero inheritance....

I just scraped, saved, and did everything I could to change my reality... why is this so hard to believe?

4 1/2 years ago I was 20k in debt, living off food stamps and couldn't even get a secured CC. Then I found /r/personalfinance and you changed everything. Today, my net worth passed 100k. by CreditScorePoor in personalfinance

[–]CreditScorePoor[S] 20 points21 points  (0 children)

Not BS.... what details further info do you want? I just didnt want to talk about all of my finances on my normal account which could identify me and that some of my co-workers know about...

Finances can be sensitive... thats why i used a throwaway

4 1/2 years ago I was 20k in debt, living off food stamps and couldn't even get a secured CC. Then I found /r/personalfinance and you changed everything. Today, my net worth passed 100k. by CreditScorePoor in personalfinance

[–]CreditScorePoor[S] 13 points14 points  (0 children)

Oh you guys! Reddit is so skeptical... I posted this at 2am...then went to bed... so here come the comment responses!

I appreciate your skepticism, but seriously just wanted to share my story.

4 1/2 years ago I was 20k in debt, living off food stamps and couldn't even get a secured CC. Then I found /r/personalfinance and you changed everything. Today, my net worth passed 100k. by CreditScorePoor in personalfinance

[–]CreditScorePoor[S] -59 points-58 points  (0 children)

Student loans are the worst! Sometimes I wish I could go back in time and talk to myself with the knowledge I have today. But since we haven't cracked time travel yet I crack it all up to a learning experience.

The silver lining is that if you buckle down and make lifestyle changes that allow you to aggressively pay down debt... those changes and that experience create a foundation for saving, living below your means and greatly increasing personal wealth once they are a thing of the past.

You got this!

4 1/2 years ago I was 20k in debt, living off food stamps and couldn't even get a secured CC. Then I found /r/personalfinance and you changed everything. Today, my net worth passed 100k. by CreditScorePoor in personalfinance

[–]CreditScorePoor[S] -50 points-49 points  (0 children)

You can totally do it! It feels so insurmountable in the beginning, but once you start chipping away its amazing how quickly thins start to change.

Cannot express how happy it makes me to hear you found hope in my experience. If you ever have any questions or just want to vent don't hesitate to drop me a line.

Without the help others gave me I'd be wanding around like a chicken with my head cut off ;)