40-year-old earning $75,000 a year in LA: 'I don't have it all together' and that's OK. (via CNBCMakeIt)
Monthly cost of his season tickets for the L.A. ChargersAfter working to pay down credit card debt when he was younger, Diaz says he now makes it a priority to keep his monthly expenses under control. He currently has no credit card debt and is in the midst of paying off the loan for his 2013 Acura TSX, which has about a $4,999 balance remaining as of April.
"Some months where we were super busy, we'd be bringing in $20,000 or $30,000, and other months we don't bring in anything at all," Diaz says. "And to be honest, I wasn't very good at budgeting for that sort of fluctuation." Diaz started to accrue credit card debt in college and, because of the fluctuations in his freelance income, that continued well into his 30s.
While he was able to move up from customer service to account manager in just a year and a half with the company, Diaz says he realized it wasn't what he wanted to do with his life. And thankfully for Diaz, it worked out. The stable income also allowed Diaz to get serious about his finances by contributing to his 401, making plans to clear out all his debts and save for future goals, such as buying property.Although Diaz loves his job and is comfortable with what he's achieved, over the next five years, he wants to continue to take on new challenges at work, grow his video production skills and eventually, get into television and film development.
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