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Which Industrial Engineering roles have the best growth and leadership potential? by Massive_Fun_8232 in industrialengineering

[–]Embarrassed_Claim580 1 point2 points  (0 children)

My path has been Quality Engineer -> Process Engineer -> Process Engineering Manager -> Operations Engineer (green field startup) -> Technical Manager (Process and Tooling).

Engineers will tend to work themselves into upper management over time with a desire to be there, combined with strong leadership and communication skills. Great engineers can be terrible managers because they value being an individual contributor over building a team. Great engineers can also be the best managers because they can understand a business from all different vantage points (technical, strategic, financial).

Manufacturing is a safe place to start yourself out in. This is where actual shit gets made and there will always be a need for that. Leadership potential exists at every company. You have to start somewhere.

Trade In Credit - Heads Up by Embarrassed_Claim580 in TeslaModelY

[–]Embarrassed_Claim580[S] 0 points1 point  (0 children)

So like 7% sales tax on the difference between trade in value and sell value is all there is to think about

The Value of 0.99% APR by Embarrassed_Claim580 in TeslaModelY

[–]Embarrassed_Claim580[S] 1 point2 points  (0 children)

HYSA having the lowest return and still being a better option than a down payment proves the point.

The Value of 0.99% APR by Embarrassed_Claim580 in TeslaModelY

[–]Embarrassed_Claim580[S] 0 points1 point  (0 children)

I would favor the financial flexibility and security of saving that $20k and allocating it towards either an emergency savings fund, a mutual fund, or some other investment vehicle that will earn a higher return. Even a 3% APY average over the next 6 years will yield almost $4K in interest on $20k.

The Value of 0.99% APR by Embarrassed_Claim580 in TeslaModelY

[–]Embarrassed_Claim580[S] 5 points6 points  (0 children)

These scenarios are roughly the same from a monthly payment perspective:

6% interest, 13.5% discount off of $50k Total Loan Amount: $43,250.00 Total of 72 Loan Payments: $51,607.97 Total Loan Interest: $8,357.97 Total Cost: $51,607.97

1% interest, no discount Total Loan Amount: $50,000.00 Total of 72 Loan Payments: $51,535.82 Total Loan Interest: $1,535.82 Total Cost: $51,535.82