Ph.D. Student Goes from Poverty to Earning $250K as AI Research Scientist
Hassam Sheikh’s journey to success began with just $2,000 in his pocket when he arrived in Orlando, Florida in 2016. As a teaching assistant earning $1,400 a month, Sheikh lived frugally but had high hopes for his future in computer science.
After years of hard work and saving, Sheikh landed an internship at Intel Labs, which later turned into a full-time position as a research scientist. With a base salary of $187,000 and additional bonuses and stock compensation, he is on track to earn about $250,000 in 2023.
Sheikh’s relationship with money has always been disciplined, stemming from his middle-class upbringing in Lahore, Pakistan. He focused on needs rather than wants and never went on a vacation. Instead, he prioritized his education and managed to save throughout his academic journey.
Now in a stable financial position, Sheikh has been able to enjoy his money more. Within six months, he saved enough for a down payment on a 6-bedroom house in Orlando. He even rents out rooms to UCF grad students to help with the mortgage.
Sheikh’s car is paid off in full, as he negotiates for high interest rates on car loans in exchange for lower sale prices. He manages his spending across six credit cards to maximize rewards.
In July 2023, Sheikh spent $2,728 on housing and utilities, $2,329 on home improvement, $905 on savings and investments, $611 on food, $330 on healthcare, $289 on transportation, and had various other expenses.
With his finances in order, Sheikh focuses on saving at least $100,000 per year in his investing accounts while also enjoying his money. He wants to know: How do you manage your money? Comment below and share your tips and tricks!
Note: This blog post is written in the style of a tabloid journalist and should not be taken as factual information.
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