So a little about me. I (27M) went to college and earned a BA in math with a minor in computer science. I tried to find an entry level job as a software developer for over a year with no takers so I made the decision to pursue finance. I took a job as a receptionist ($14/hr) to get my foot in the door with the understanding that they would provide sponsorship for me to get my Series 7 and 66. After passing those my boss said I was being considered for a promotion. My research showed that the new role should pay ~ $45,000 annually, so that's nearly double what I make now. My boss reorganized my schedule to allow me to train with my new co-workers while they search for a new receptionist and I've been doing this for 2 weeks now. I was fired today. Completely unexpected, but I ran my big mouth to the wrong person about wanting to be self employed or become a Financial Rep for the same company and my boss totally slammed on the brakes because she wants someone in the role for the long-term.

My current financial situation:

$22k in private student loans at 10%.

$33k in Federal student loans at 6.5%.

$5.5k in CC debt at 22%.

$5k in auto debt at 4%.


$1,400 in monthly lifestyle expenses.

I was so sure of my new role and I had a lot of big ideas about how I was going to debt avalanche this mess I'm in. $45k would have been the most I've ever made in a year and I felt for the first time like I was starting to see light at the end of the tunnel. My boss was paying for me to get my CFP and I was trying my damnedest to take the exam in July which would make me far more marketable and I could earn ~ $60k. This was a devastating hit and I just wanted to highlight the importance of an emergency fund.

submitted by /u/new-dvlpr

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