Post: #76

If you don't earn seven figures you're a fucking loser. Yeah motherfucker, top that.

Post: #77

^Yo move that post to the drunk lounge

Post: #78

In most places in N. America a single guy will want to make at least $75,000 and have minimal debt/ low fixed expenses. After that it's all about how much free time you have and how much you enjoy your life.

In the Anglosphere, you are setting yourself up for divorce rape if you marry a women making significantly less than you, while a women making significantly more is usually going to be a pain in the ass.

Post: #79

(06-17-2013 03:56 PM)WestIndianArchie Wrote:  

(06-17-2013 03:29 PM)Parlay44 Wrote:  I know career choice and demographics affect your earning potential.

What should the average guy be making at each decade milestone in order to be considered successful? I'm talking minimum here.

I've heard people say its $1000 per year of age. I don't think that formula is realistic though.

I'd say 2000 USD per year if you live in a US Suburb.

So a dude making 40-50 straight outta college is doing aight.
60-70 in is 30's.
80-100 in his 40's
100-120 in his 50's-60's (adjust for inflation)

That's solid middle class money in most places in America, top 10% in some places, low end in NYC/LA.

I wanna say most middle class folks tap out way before they hit 6 figures though. Throw in the modern middle class lifestyle, and they're gonna be in trouble when retirement comes around. I'm sure there are stats out there.

As our economy changes and shareholders and corporate managers focus on the short term - that modest goal of 2K per year of age, with health and retirement benefits, and job security is increasingly out of reach of the majority of the majority of college educated people.

Most blue collar employee jobs don't pay well, unless they're in resource extraction - and that is prone to boom and bust. White collar jobs are increasingly automated if not offshored or contracted out.

To really be in a secure position, you will have to be able to start and run your own business - which means discovering customers and their needs and delivering. Much easier said than done, but it seems that it's more and more necessary.

WIA

Yes. Don't sleep on blue collar millions. Some of the biggest houses I've seen are owners of plumbing companies. There's no such thing as security. But, you have your destiny to control. Most people cannot carry that responsibility. Even the people who give out the advice. I do. But, I'm me and you are you.

Acceptable is not acceptable. Sad but true.

Post: #80

While I have spent the majority of my life applying to jobs and setting a low bar for salary requirements, I think I'm at the point where I need to define what my brand is and what each price point is for each service I can provide to a company, organization, firm, or client. I've recently come across a few job advertisements where they ask for salary requirements and if you cannot spell them out for that employer in your cover letter, then you will not be considered for the opportunity they have advertised.

I wondered if there were good resources someone could point us to so that we may assess our current experience and define what our worth is, even when you may be at a point where you have less to bargain with when you may not have a job at the time of your application or first contact.

Post: #81

Fuck my life when I read these numbers.

Post: #82

I think wealth would be a better metric to gauge. $200k doesn’t have much utility if you blow it on lattes, shoes, and Sunday mimosas with the girls (yay!).

If you’re in a higher percentile in wealth than you are in income you’re doing well.

Here’s a goal worth pursuing- invest more in one year than you make from your job. You’ll need to save a shit ton and generate good income returns on your investments.

Post: #83

(02-08-2019 07:11 PM)Dilated Wrote:  I think wealth would be a better metric to gauge. $200k doesn’t have much utility if you blow it on lattes, shoes, and Sunday mimosas with the girls (yay!).

If you’re in a higher percentile in wealth than you are in income you’re doing well.

Here’s a goal worth pursuing- invest more in one year than you make from your job. You’ll need to save a shit ton and generate good income returns on your investments.

Really salary's only relevant if you have a trade. In that case you want to shoot for the 60th percentile for your trade within 10 years. Even then the game is cut expenses while build net worth and good relations with your peers. Mind that peers is a category distinct from colleagues and coworkers.

Post: #84

This thread turned out to be ridiculous. I hope some of the new guys don't take these responses to heart.

If you aren't making six figures by time you're 30 years old, you need to change things. 30-40k salaries are completely unacceptable except for maybe your first year or so out of college.

I don't want to be the guy that comes in and bashes everyone with less money, because I've been there. I've made 40-60k before. Besides for my first year out of college, it was miserable. I knew I needed to change things.

100k should be readily attainable if you dedicate 3-6 years to a career with six figure potential. 100k is $50 per hour for a 40 hour week.

Everyone on this forum should be gunning for $500k income and up. I've made an entire datasheet and thread on how to get there.

Post: #85

Median US wage for men is roughly $1k per year per year of age plus $10k

Age 20: $30k per year
Age 30: $40k per year
Age 40: $50k per year

Then it tapers off and only a few more $k per decade are added.

Keep in mind, that is median (average or typical: 50th percentile) wages. A college grad can add about $10k a year by age 30. I recall reading somewhere that the Canadian median for a white male college grad in their 40s was $92k a year.

It also depends on where you live. Big cities will have higher salaries as well as a higher cost of living.

Post: #86

If it was 1850 or even 1970 I think it would be fair to ask what a man has financially achieved. But given the clown world we live in, where man-invented technologies, systems, and concepts are turned over to women, and enforced women hiring quotas....you shouldn't give a fuck. Do whatever the fuck you want, the social contract is broken there's no reason to beat yourself up over metrics when the scale is rotten. You're just paying into the globohomo debt machine that wants you dead anyways. I only grind so I can hopefully leave the system not support it.

Post: #87

(02-11-2019 02:45 AM)Disco_Volante Wrote:  I only grind so I can hopefully leave the system not support it.

That's what I did. Worked my ass off for 25 years, saved as much as possible and retired at 43. No debt other than a small mortgage and I am passively earning around $70k a year. Could I do more or make more? Yes, but I can't see a point in that. Maybe I am wrong for not continuing to build wealth, but at this point I don't get why I should?

It's critically important to invest in your 20's and never stop. I would say that's equally important as your actual income.

Post: #88

(02-10-2019 11:25 PM)Graft Wrote:  This thread turned out to be ridiculous. I hope some of the new guys don't take these responses to heart.

If you aren't making six figures by time you're 30 years old, you need to change things. 30-40k salaries are completely unacceptable except for maybe your first year or so out of college.

I don't want to be the guy that comes in and bashes everyone with less money, because I've been there. I've made 40-60k before. Besides for my first year out of college, it was miserable. I knew I needed to change things.

100k should be readily attainable if you dedicate 3-6 years to a career with six figure potential. 100k is $50 per hour for a 40 hour week.

Everyone on this forum should be gunning for $500k income and up. I've made an entire datasheet and thread on how to get there.

Yes. Financial freedom is the real means to freedom now that political freedom no longer exists.

You're only as free as your bank account can back up.

There's no dollar amount you need to attach to it, however the more diverse it is the better. Once it comes in in cash, it better be being reinvested in increasing the stream of cash flow in some way so your money is always out there working for you.

Who needs a second income if you're working AND your cash is out there hustling for you too?

Post: #89

(02-10-2019 11:25 PM)Graft Wrote:  This thread turned out to be ridiculous. I hope some of the new guys don't take these responses to heart.

If you aren't making six figures by time you're 30 years old, you need to change things. 30-40k salaries are completely unacceptable except for maybe your first year or so out of college.

I don't want to be the guy that comes in and bashes everyone with less money, because I've been there. I've made 40-60k before. Besides for my first year out of college, it was miserable. I knew I needed to change things.

100k should be readily attainable if you dedicate 3-6 years to a career with six figure potential. 100k is $50 per hour for a 40 hour week.

Everyone on this forum should be gunning for $500k income and up. I've made an entire datasheet and thread on how to get there.

Well fuck my measly 150k feels like shit now.. . . Is sales something you feel you have a natural inclination towards? I have a ton of experience presenting things to very senior executives, some of which could be spun as "selling", but have never been in a sales role.

Post: #90

I'm 26 and make about 40k a year. I don't invest though and I have no mortgage or debt. I pay my rent ,car payments, food & gas and the rest of my disposable mostly goes towards my exotic night life. I don't care about Lambos and status symbols. I don't want to be Trump or Dan Blizerian. When I save up I can afford to hang out with elite women at 5-Star upscale hotels. When I can't do that, I go to the dive bars. I like the way I live. I don't need to be one of the elites.

Post: #91

(02-11-2019 04:56 PM)Repo Wrote:  

(02-10-2019 11:25 PM)Graft Wrote:  This thread turned out to be ridiculous. I hope some of the new guys don't take these responses to heart.

If you aren't making six figures by time you're 30 years old, you need to change things. 30-40k salaries are completely unacceptable except for maybe your first year or so out of college.

I don't want to be the guy that comes in and bashes everyone with less money, because I've been there. I've made 40-60k before. Besides for my first year out of college, it was miserable. I knew I needed to change things.

100k should be readily attainable if you dedicate 3-6 years to a career with six figure potential. 100k is $50 per hour for a 40 hour week.

Everyone on this forum should be gunning for $500k income and up. I've made an entire datasheet and thread on how to get there.

Well fuck my measly 150k feels like shit now.. . . Is sales something you feel you have a natural inclination towards? I have a ton of experience presenting things to very senior executives, some of which could be spun as "selling", but have never been in a sales role.

I never meant to make you feel that way. 150k is a great income for a single guy, nothing to sneeze at. You should be proud of yourself.

That being said, you shouldn't choose a career where 150k is the absolute pinnacle of success. If a small percentage of your field is hitting 150k+, that's a problem. Choose a field where the median is 150k+.

Post: #92

What would such a field be ?

Google tells me to become a surgeon to reach that basically, not gonna happen
https://www.flexjobs.com/blog/post/media...er-fields/

Post: #93

(02-11-2019 04:56 PM)Repo Wrote:  Well fuck my measly 150k feels like shit now..

It does feel like there are some inflated numbers here

From the post above.

(02-13-2019 10:35 AM)Oberrheiner Wrote:  What would such a field be ?
Google tells me to become a surgeon to reach that basically, not gonna happen
https://www.flexjobs.com/blog/post/media...er-fields/

Here are the median salaries for 20 career fields:

Management: The median annual salary for top-level managers and administrators was nearly $101,000 in 2016, although managers at the top rungs in engineering and computer and IT can bring in about $134,000 a year.

Computer & IT: Top-tier computer and IT professionals earned a median salary of $82,000 in 2016, with growth in this job sector expected to grow some 12 percent by 2024.

Math: The median pay for mathematicians with a master’s degree was nearly $106,000, while the median pay was somewhat lower for math-focused professions like statisticians and actuaries.

Legal: In the legal profession, the median pay depends on the level of expertise; lawyers earned more than $118,000 a year, for example, while paralegals and legal assistants earned a median annual pay of nearly $50,000.

Architecture: Architects (the building and design kind, not IT architects) earned a median pay of close to $77,000 a year in 2016, according to federal figures.

Engineering: The median annual pay in the engineering field topped out at more than $128,000 for petroleum engineers; overall the median pay in the combined architecture and engineering fields was nearly $78,000, the BLS figures showed.

Business and Financial: In 2016, the median annual salary for business and financial professionals was more than $66,000; personal financial advisors earned top median salaries in this category, making more than $90,000 a year.

Healthcare: This broad category, which includes physicians, registered nurses, and dental hygienists, had a median salary of more than $63,000 in 2016, with physicians and surgeons earning more than $208,000 at the top end.

Physical Sciences and Social Sciences: The Bureau of Labor Statistics groups these categories together, and reports a median annual wage of more than $63,000 for professionals in these areas.

Education: The federal data grouped education, training, and library occupations in one category, and reported a median annual salary of $48,000; post-secondary teachers topped the list, earning a median salary of more than $75,000 in 2016.

Entertainment and Media: In crunching the data, analysts place entertainment and sports occupations in the same category, and showed a median annual wage of nearly $41,000. (Note: There was no annual median figure for actors, musicians, dancers, and other more art-focused careers.)

Maintenance and Repair: Installers and repair professionals earn a median annual wage of more than $43,000; growth in this sector was projected to be 6 percent form 2014 to 2024.

Construction: In 2016, the construction industry paid a median annual wage of just over $43,600, with robust projects for continued growth as the U.S. population increases.

Community Services: This category, which includes counselors, religious workers, and social workers, paid a mean annual wage of nearly $43,000, with the greatest growth projected in the healthcare and social assistance specialities.

Protective Services: Police officers, firefighters, and private security professionals fall into this category, which pays an annual mean wage of nearly $39,000.

Offices and Administrative Support: There’s not a huge amount of growth projected in this profession, which pays a median annual wage of about $34,000, according to federal data.

Healthcare Support: Encompassing nursing assistants, home healthcare aides, phlebotomists, and physical therapy assistants, among other jobs, this category paid a mean annual salary of about $30,000.

Sales: Although the reported median annual salary in this category was just over $26,000, some professionals earned significantly more, with sales engineers leading the way with a median salary of $100,000.

Farming, Fishing and Forestry: Annual median wages in this job grouping varied depending on the type of work and the level of education required: agricultural workers, for example, earned just over $22,000 a year; logging industry workers made more than $37,000 a year; and agricultural managers earned median wages of about $66,000 annually.

Food Service and Hospitality: Entry-level jobs in this category paid a mean annual salary of about $19,600, but management-level pay significantly more, offering a a median wage of about $50,000 a year.

Median HOUSEHOLD Income By State

National Average – $71,900

Post: #94

(02-10-2019 11:25 PM)Graft Wrote:  This thread turned out to be ridiculous. I hope some of the new guys don't take these responses to heart.

Everyone on this forum should be gunning for $500k income and up. I've made an entire datasheet and thread on how to get there.

$500k income is totally redundant in most parts of the world even in the West. You based on your posts obviously work in New York where housing is outrageously expensive and if you want to own a place it will cost a fortune. All a 500k income is good for is allowing you to save a ton a year to develop a quick passive income or material things. There is 0 need to be able to spend anywhere near that income per year.

I grew up in a household which had significantly more than that income many years. It didn't buy happiness. All it bought were many divorces and high stress.

Its good that you are making stacks but most people making that amount of money while working for the man are probably giving blood sweat and tears to do that working 60+ hours a week and only taking a week or two vacation a year if that. That isn't exactly what I'd call "winning." It sounds like a quick way to end up playing keeping up with the joneses. When a condo for a family is $5 million to buy though I get why it would seem like this is relevant. In most parts that income is completely irrelevant.

Post: #95

(02-13-2019 11:34 AM)ChefAllDay Wrote:  Here are the median salaries for 20 career fields:

.
.
.

Median HOUSEHOLD Income By State

National Average – $71,900

I think this is really misleading and does not apply to most people.

If you are living in the countryside or in a small town in the South or in Middle-America, sure, then these numbers are accurate. But if you live in a big city or in the suburbs of a big city, no way is $70k the average. Remember, city averages/medians include retired people, people on welfare, waiters living with 3 people to a room, etc. You need to keep this in mind when you look at the statistics of income in NYC, Los Angeles, and others.

Unless you've already laid your nest egg and are just cashing out long-term capital gains, don't forget taxes as well. Due to the progressive tax system, incremental money gets taxed MUCH higher at higher salaries. $50k is probably $43k post-tax in CA (~15% net tax), whereas $200k will be $120k at best. 3x higher salary equates to only 1.5x-2x higher net cash. This is really important when you scale income from ~$50k up to $200k+.

Obviously it also depends on what your goals are and what you want to do. If you never want to have kids, or are content with living in a small town in the countryside, then your calculation is different. But if you want to start a family in or close to a city, it will cost a lot of money. As an example, private schools in Los Angeles cost at minimum $10k/year. If you have 3 kids, thats $30k/year out of your post-tax money JUST on schooling. Good luck finding a house in an area with good schools for <$500k (and even that may be a stretch).

If your goal is to start a family, within range of a big city in the United States, and with a traditional wife (who will be taking care of your kids and contributing very little incremental $'s), you should aim for $150k at a bare minimum.

Post: #96

(02-13-2019 03:19 PM)lavidaloca Wrote:  

(02-10-2019 11:25 PM)Graft Wrote:  This thread turned out to be ridiculous. I hope some of the new guys don't take these responses to heart.

Everyone on this forum should be gunning for $500k income and up. I've made an entire datasheet and thread on how to get there.

$500k income is totally redundant in most parts of the world even in the West. You based on your posts obviously work in New York where housing is outrageously expensive and if you want to own a place it will cost a fortune. All a 500k income is good for is allowing you to save a ton a year to develop a quick passive income or material things. There is 0 need to be able to spend anywhere near that income per year.

I grew up in a household which had significantly more than that income many years. It didn't buy happiness. All it bought were many divorces and high stress.

Its good that you are making stacks but most people making that amount of money while working for the man are probably giving blood sweat and tears to do that working 60+ hours a week and only taking a week or two vacation a year if that. That isn't exactly what I'd call "winning." It sounds like a quick way to end up playing keeping up with the joneses. When a condo for a family is $5 million to buy though I get why it would seem like this is relevant. In most parts that income is completely irrelevant.

Who says that you have to spend all of it? I don't make 500k a year, not even close.

There's plenty of things you can do with 500k, first thing that comes to mind is setting up funds for your children so that they don't have to be wage slaves or booted up in the Middle East fighting zionist wars to pay their college tuition.

There's also a huge difference in your family's future in raising them in a neighborhood with seven figure homes vs one that averages 250k.

I could write an entire post on the disfunction of high income families but it will never happen to me because I know a lot of the pitfalls that these families fall into.

Post: #97

I haven't read this thread, but the thread title pisses me off.

"Acceptable" to whom?

The entire concept of the question assume you are here to please someone else.

The market is the market. Either you are getting paid something fair for the value you create or you are a fool. You either accept it or you don't. Its a function of the market, the value you create, and whether other alternatives exist.

Post: #98

I noticed this site had gotten very "anti-rich" It seems to have went the same way that the rich used to look at the poor. People saying things like "you can't raise a family while making more than 500k a year" or "The rich get divorced way more often" etc

I don't care if it's true or not but I thought one of the biggest goals of people on this forum was to get "fuck you money" as soon as possible then work a job they like without having to rely on a paycheck.

People on this forum should work to be Above average in every way. "its better to be a warrior in a garden than a gardener in a war" Its best to have millions saved up and never touch it unless you need it, than to need a million and not have anything close.

Contrary to popular belief money does buy happiness, You just gotta know how to spend it.

Post: #99

(06-17-2013 03:40 PM)_DC_ Wrote:  Its going to vary widely by who you ask, mostly based off of how much money the person you're asking and how much their friends make.

I personally consider $100k+ the minimum for "successful". $300k+ I consider truely successful because its out of the salary range of almost all salaried non-commission jobs. That kinda money will usually be investment income or entrepreneural business.

Im skewed high though because I make good moolah myself. http://whatsmypercent.com/. My definition of minimally successful is only the top 4% in America.

Fun facts, but people should be careful that site doesn't coach them into a foolish path. The educational stats are about as useful as one of those articles touting the top ten highest paid cities in America. Taken at face value, if I got a bachelors degree (in anything) and moved to the highest paying city, I'd be headed for a place among the top 2% of income earners. Obviously it's deeper than that, but these kinds of stats are what boomers did to promote the "college at all costs" mentality and the subsequent waves of debt donkeys with worthless degrees wondering what happened.

As for what income level is acceptable, it all depends where you live and what you want out of life. There are people out there sitting on their ass collecting $300 a week in unemployment benefits as long as they can who won't take a job paying $500 a week. They figure their 40 hours of uncommitted free time is worth more than the hassle of extra $200 a week. They aren't exactly rocking a bottle service lifestyle at that rate, but at some level they're content to be idle, sorry as it seems.

Post: #100

More interesting numbers would be how many years of netto pay you need to buy a house to live in close to where you work.
With standardized sizes, I don't know, 100sqm house on 5000sqm parcel, or 200 on 10000, and standardized distance (or better, driving time).

Or a decent flat and how much time by public transportation, if you are in a country where those are an option.