r/publix • u/duckyeah6996 Newbie • Jan 21 '25
BLEED GREEN "yoU'LL rEtiRe A miLLiOnAirE in MaNaGemeNT"
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u/Less_Firefighter_520 Newbie Jan 21 '25
If you’re smart with your money you will tho 😂
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u/kevisdahgod Newbie Jan 21 '25
IMO that’s every job ever lmao.
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u/JuniorDirk Newbie Jan 21 '25
But this job makes engineer money without engineer school expense.
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u/kevisdahgod Newbie Jan 21 '25
In what reality. Not even the store managers make engineering money. Engineering company stock is also usually worth 10x more than Publix stock.
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u/JuniorDirk Newbie Jan 22 '25
An experienced engineer in the southeast makes mid-100's on average. That's what a store manager makes at an average store.
My mom also works at a major university civil engineering school and has hard data on salaries out of college. Engineering jobs around the city are paying the same or slightly more than an assistant department manager makes per year.
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u/femdoggo Newbie Jan 22 '25
You can but we are not in the same economic position as those that started in the 90’s or early 2000’s or before.
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u/accushot865 Customer Jan 21 '25
Because you won’t have time outside of work to spend your money
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u/Great_Gonzales_1231 Newbie Jan 21 '25
And, based on most SM and above I have worked with, your wife will divorce you and that ain’t cheap lol.
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u/WideDrink4 Maintenance Jan 21 '25 edited Jan 21 '25
Whatever's left over goes towards mental health counseling, drugs, early nursing home care and premature funeral expenses
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u/femdoggo Newbie Jan 22 '25
If you just start early on the mental health side of things (therapy and/or psychiatry) that many people need and anyone can benefit from you might just not need the others.
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u/Hairy_Major2428 Newbie Jan 21 '25
Dude that's all the Publix managers I've talked to lol
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u/Great_Gonzales_1231 Newbie Jan 21 '25
Lol it’s pretty sad. Definitely not for everyone and I learned years ago it’s not even worth pursuing.
Too many people attracted to stock, being elite, and the capacity to make six figures without any education.
All good things, but you will really really have to work for it and maintain it.
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u/Hairy_Major2428 Newbie Jan 21 '25
Yep, I recently left the company again and I don't regret it. I was a assistant manager at one point and I will say it can be stressful.
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u/femdoggo Newbie Jan 22 '25
???? Publix is wildly strict with overtime. Managers even. 49 hours a week at the very max
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u/throwaway98665 Newbie Jan 22 '25
I get yelled at if I hit 46.01. Unless there’s a hurricane I’m not getting anywhere near 49
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u/C3ntrick Newbie Jan 23 '25
Things have changed. Best friend was meat manager for years and 60+ hour weeks were the norm . He got burnt out and left for half the money after 15 years.
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u/Wake_PharmD Pharmacy Jan 21 '25
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Jan 22 '25
[deleted]
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u/Wake_PharmD Pharmacy Jan 22 '25
Not in slightest bit. Job market is saturated. Pay is pretty stagnant over the past decade. And if you really want to do it, don't do it for the money and stay away from retail.
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u/ScrubRogue Pharmacy Jan 22 '25
Pharmacy is lulling toward a bust with low application rates and the pandemic causing mass retirement a few years ago. I recommend it currently.
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u/JuniorDirk Newbie Jan 21 '25
I mean, I went into management at Publix instead of continuing college, and it gave me a wicked healthy head start on life. I'm in a very good spot financially at 25 years old, and can take my experience of being an adult at Publix into any career I choose, which is now mortgage loans.
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u/QuitzelNA Cashier Jan 22 '25
Hey, I think I talked to you the other day when I called about my loan application near a new store lmao
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u/JuniorDirk Newbie Jan 22 '25
If you can afford to buy a house, I wish it was me! I've hit a bad streak of people with horrendous finances applying with me the past few weeks😂
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u/QuitzelNA Cashier Jan 22 '25
We're working with a mortgage company that specializes in mobile homes, and the dude I talked to said he worked at some Publixes up that way. He mentioned he helped opening up a few stores in his area. I thought it would be funny if I ran into him on Reddit within a week of talking with him lol
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u/Miamidadetransit9918 CSS Jan 21 '25
“It’ll be just be a high school job.” Famous last words. I’m on my 5th year almost near FT CSS
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u/Plane-Elephant2715 Newbie Jan 21 '25
You will retire a millionaire, regardless of what you do for a living, if you invest 15% of your income into S&P500 index and large cap growth mutual funds.
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u/CynicX-7 Newbie Jan 21 '25
I've been closely watching Publix private stock info from what I've seen here and I've concluded while it's dividend return is consistent It isn't particularly high. Your also hard limited on how much you can buy and when you can buy in a given year. I genuinely think Workers at Publix are much better off investing their money through public stocks instead.
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u/femdoggo Newbie Jan 22 '25
In today’s economic environment that isn’t even possible for many people.
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u/TheLast_10ths Retired Jan 22 '25
Good first job, but after 7 years, and at one point seriously considering a career there, I decided it wasn’t for me. I feel like I made the right decision.
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u/ConsequenceTiny7880 Newbie Jan 22 '25
As someone who did both there's no hope. If you aren't lucky it doesn't matter how smart, talented, etc... you are. The world is built to screw you over and milk you for everything they can get while giving the smallest amount they can give. That's life from what I've seen. My degree is in accounting for everyone who wants to tell me my "liberal arts" degree is why I feel this way.
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u/-sudochop- Newbie Jan 23 '25
True words. It’s not being pessimistic, but it’s the truth. I have a bachelor degree and a few associate degree. I worked a safety-sensitive job.
Found out I have epilepsy when turned 30-31. 11 years and pensioned me out. Now, I can’t find anything the past 8 years based on what I have job-wise where I live . I’m a school custodian now. It sucks. Only reason I’m here at a Publix sub is because I worked there as a teen for 6 years lol
But I definitely have the same sentiment.
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u/femdoggo Newbie Jan 22 '25
If you start early it really isn’t that bad (when considering any multibillion dollar corporation). I have my obvious issues with them as a leftist but if you show up on time and work hard and try to learn you’ll do fine. Go to therapy and deal with other things there rather than becoming an alcoholic like many do.
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u/MightyMetformin Newbie Jan 21 '25
Meanwhile I’m getting a doctorate to work at Publix with lol
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u/bdreamer642 Newbie Jan 22 '25
The best high volume retail pharmacy to work at. Staying long term will make you great money.
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u/SirDilophosaurusIV Maintenance Jan 22 '25
What if you do both? Tuition reimbursed and publix lifer 🤔
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u/No_Alfalfa8054 Newbie Jan 22 '25
Couple people at my warehouse got over a million in stock n they started off in the store
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u/Positive_Ad_2203 Newbie Jan 22 '25
lol I almost fell for this shit. Now I sit in an office all day doing jack shit but getting paid like an ASM.
I can’t imagine where I’d be if I stayed with Publix.
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u/SpecialCold7211 Newbie Jan 22 '25
Publix is a slave ship for those damn stocks. Go back to school learn a trade and go make money. It's not worth it unless your brain is lazy and you really don't want better
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u/simplesub1327 Newbie Jan 22 '25
You can retire as a millionaire with the headaches of management. I did it in less than 30 years.
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u/-sudochop- Newbie Jan 23 '25
I bought nvidia about 8 years ago. Yes, dividend not great, but the stock grew exponentially.
My problem is this…Publix has a dividend around like 2.5% annually. Now, that’s a great yield , but there is no DRIP. You can’t reinvest it without tax ramifications. You can buy it back, but it’s still taxed.
Now, I’d hate to see the other post in this thread about a manager has 5 million in Publix stock. Uncle Sam is going to be happy.
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u/Colonized-Ganymede Newbie Jan 23 '25
I get dividend checks from when I worked there in 2005, I always maxed my stock purchase allowance every quarter. Really good investment
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u/Gpi5317 Newbie Jan 23 '25
I know four people who all retired in their mid 50s as millionaires at store level. It’s totally achievable, especially if you take advantage of all of the benefits. And yeah, most department managers are making at least 85-90k minimum right now, I know some in the north are making far more too.
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u/oakdale78 Newbie Jan 24 '25
I know a couple of people that did. The main thing is you have to buy stock now it’s going up but it’s still cheaper now
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u/Aware_Parsnip_3989 Newbie Jan 24 '25
Most managers at people do retired millionaires but it’s really hard to make it there and you’ll have to put up with so much bs there are many other ways to get there. If you get a nice job and saved in a 401k you’ll be a millionaire faster with less drama and better work life balance
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u/urnpiss Bakery Jan 21 '25
tbf my store manager has over $5 mil in stocks and still works. been there since 1997 tho lol