Someone prob. mentioned this already ... but it really doesn't matter how much you make if you don't take cost of living into acct. and work/life balance(insane commute, crazy hrs., etc).
Only after you get that normalized #, then sure you can compare #'s and use that as a motivation to work harder.
Only after you get that normalized #, then sure you can compare #'s and use that as a motivation to work harder.
SoulAssassin
Diamond Member
- Feb 1, 2001
- 6,135
- 2
- 0
KentState
Diamond Member
- Oct 19, 2001
- 8,397
- 393
- 126
I'm about right there depending on bonus or if I do any contracting work. It really depends on where you live however. I'm in Ohio which has a very low cost of living so it seems like a lot. For example, my mortgage and car payment is less than $2k. That's for a 4 bedroom/3 bath home and a my new car.
Chunkee
Lifer
- Jul 28, 2002
- 10,391
- 1
- 81
i make 80 working from home in TN. No state tax or property tax. Pretty good deal around here. I am lucky...money means nothing...you have learned nothing. kudos to those that understand that happiness has more to do with doing what you enjoy rather than money...i wish i could say the same thing...i missed my calling.
SacrosanctFiend
Diamond Member
- Oct 2, 2004
- 4,269
- 0
- 0
Not until I started doing my own consulting work. My company realized what I was doing, and wanted me to do it in-house for them, so they bumped up my pay and changed my job duties. A little more than 2 years into the field AND I have a model wife 
I'll probably go back to doing my own consulting work in a few years, but the perks here are awesome.
I'll probably go back to doing my own consulting work in a few years, but the perks here are awesome.
SacrosanctFiend
Diamond Member
- Oct 2, 2004
- 4,269
- 0
- 0
MaxDepth
Diamond Member
- Jun 12, 2001
- 8,757
- 43
- 91
To be honest, find what is comfortabe for you (and a spouse, kids). Six figures means so many different things depending on location. But money should be your means, not your end.
The people who flaunt wealth or measure themselves and you by how much they earn is just telling you that they have shortcomings elsewhere. They hate their life, wife, work, themselves, their penis being too small, etc
I have made six figures a couple of years doing contract work. It was extremely high pressure and risk and I was not happy at all. the only comfort that money gave me was that I had saved as much as I could so when the contract ended or I couldn't stand it anymore, I had some cash in the bank to tide me over until I found another job.
Right now I have a full time job with nice pay, benefits and exciting work. It pays for my hobbies, puts money in the bank and provides for me, my wife and our house.
If someone tries to lord their paycheck over you the next time, just tell them that you have something they don't have: happiness. It will mess them up.
The people who flaunt wealth or measure themselves and you by how much they earn is just telling you that they have shortcomings elsewhere. They hate their life, wife, work, themselves, their penis being too small, etc
I have made six figures a couple of years doing contract work. It was extremely high pressure and risk and I was not happy at all. the only comfort that money gave me was that I had saved as much as I could so when the contract ended or I couldn't stand it anymore, I had some cash in the bank to tide me over until I found another job.
Right now I have a full time job with nice pay, benefits and exciting work. It pays for my hobbies, puts money in the bank and provides for me, my wife and our house.
If someone tries to lord their paycheck over you the next time, just tell them that you have something they don't have: happiness. It will mess them up.
Mo0o
Lifer
- Jul 31, 2001
- 24,227
- 3
- 76
from what i hear, top IBDs are filling with a lot of indian kids educated in america.Originally posted by: Descartes
Originally posted by: AmpedSilence
i graduated in may '05 with my masters, set a goal for myself of 6 figures in three years. I got annoyingly close but didn't reach it. I should reach in the next six months to a year. Oh well, I'm living a really nice life so I can't complain.
For me, the drive to reach the goal was there. Being Indian and choosing not to go into the medical field (i'm stereotyping, but in my family and friends it happens to be true), I am being judged on a different scale. Among my family, there are 2 surgeons, 2 pharmacists, and several engineers. Among my friends, I have several doctors, several dentists, and several lawyers. Mind you, they are all +/- 3 years my age. My income is considered bottom barrel in comparison. I have to work hard to get up the same level, mostly just to live the lifestyle that they have and that, by extension, I expect from myself.
But if we are counting stock options, I hit the 100k mark March 17, 2008.
What did you study? I'm starting to see a lot more Indians move away from IT, engineering, medicine, etc. and more into business. There's a tremendous surge of entrepreneurial activity in India, similar to what it was like in the US during the dotcom era. Seems a lot more want their MBA than anything else.
Mo0o
Lifer
- Jul 31, 2001
- 24,227
- 3
- 76
Here's good plan on making 100K+ a year in a bit over a decade. If you're under 35 and looking for a career change, this isn't a bad idea.
1) Become a pediatric surgeon (11yrs or so in total)
2) Move to bumfuck no where montana
3) Earn $700,000 a year + $100,000 signing bonus to join a private practice there. (spot hasn't been filled in 2 years so im guess they're not going to be too choosy one who applies)
1) Become a pediatric surgeon (11yrs or so in total)
2) Move to bumfuck no where montana
3) Earn $700,000 a year + $100,000 signing bonus to join a private practice there. (spot hasn't been filled in 2 years so im guess they're not going to be too choosy one who applies)
HardcoreRobot
Lifer
- Nov 7, 2000
- 16,403
- 3
- 81
SphinxnihpS
Diamond Member
- Feb 17, 2005
- 8,368
- 25
- 91
Today's $100,000 is yesterday's $50,000.
If you don't earn at least $100,000/year right out of college in the USA /part life; you have wasted your education and most opportunities. If you didn't go to college, or don't plan on it, WOW!
If you don't earn at least $100,000/year right out of college in the USA /part life; you have wasted your education and most opportunities. If you didn't go to college, or don't plan on it, WOW!
Scarpozzi
Lifer
- Jun 13, 2000
- 26,391
- 1,780
- 126
I'm 27 and could have gotten a 100k/year job in Chicago had I flown up for the interview last fall. I was qualified, but my wife's in school until next August. She'll be making mid-60's to 120k when she gets out of school and even without her, I'll have our house paid off in 7 years.
BTW....I would take my job over making double or triple income simply because I don't have a lot of job-related stress.
BTW....I would take my job over making double or triple income simply because I don't have a lot of job-related stress.
sygyzy
Lifer
- Oct 21, 2000
- 14,001
- 4
- 76
What's with all the idiotic answers.
The question is how old were you when you broke the $100k mark. That is yearly salary, NOT:
Combined salary with your wife/household
Lottery Winnings
Net worth
Value of car, house, boat
401k
(Roth) IRA
Value of comic book collection
etc
What's wrong with you guys?
The question is how old were you when you broke the $100k mark. That is yearly salary, NOT:
Combined salary with your wife/household
Lottery Winnings
Net worth
Value of car, house, boat
401k
(Roth) IRA
Value of comic book collection
etc
What's wrong with you guys?
meltdown75
Lifer
- Nov 17, 2004
- 37,548
- 7
- 81
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