College Students Overestimate Salary After Graduation

According to this article, college students overestimate their starting salary by about $10,000, estimaing about $58,000 versus the median salary of $47,000 for bachelor degree graduates with 0-5 years experience. 

However, there is some good news.  Median salaries for computer science major early in their career was at $68,000 versus their average expectation of $59,300.   So these majors received a pleasant surprise when they started work.

For more on The Practice of Personal Finance, check back Wednesdays for a new segment.

This is not financial or education advice. Please consult a professional advisor.

Copyright © 2019 Achievement Catalyst, LLC

How I Will Invest in Real Estate

I've own investment real estate three different ways:

• Direct ownership - I am the only owner.
• Partnership -  I am a partner in a general partnership
• Public REIT - I am the owner of publicly traded stock.

Based on my experience, going forward, I will only invest in public REITs.   I am currently trying to sell the investment land that I directly own.    I'm learning that a real estate partnership has lots of complexities, with which I don't won't to deal with as I get older.

There's a 5% chance that I will sell the land this year.  It is under contract, but the Buyer has enough contingencies to exit the deal.   The general partnership is doing well, except for 60% of the partners have no interest in participating in the business operations.   

I've been lucky for all the real estate investments, since all are profitable.  However, I want to simply our investments as I get older, so I will be sticking with REITs and trying to exit from the rest.

For more on Strategies and Plans, check back every Monday  for a new segment.

This is not financial advice. Please consult a professional advisor.

Copyright © 2019 Achievement Catalyst, LLC