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Rising Star
Hi DI folks, how were the hikes last year??
Coach
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Rising Star
Hi DI folks, how were the hikes last year??
May I get 11 likes for DM please...
Anyone here 40s never married, no kids?
Tuesday Wordle 521 4/6
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As a woman, I keep pushing higher for the principle. Never satisfied, but not chasing a number, I’m chasing a role. Currently at $450k TC in Tennessee.
So when I did the research it also had a split of men and women in the 1% range. It found that 73% were men and 27% were women, so definitely appreciate the sentiment for pushing higher.
I’m happy with $60k. Anything past that just gets saved.
I am a child
My number is pretty low, I just don’t want to work anymore. I want to pay off my mortgages. Rent them. Retire. Live in South America. 🏆
We have $950K household income. Would be nice to double that, but it probably won’t make us that much happier.
Exactly this. I make over $500k. The happiness doesn’t arrive from more money.
Pro
Wow. I grew up in a LCOL and now live near a major city. TC for HH is $250k, which is more than I ever thought we’d make. It’s pretty comfortable, but not lavish. There’s still a ton of runway for future salary, but I’m enjoying my WLB atm. I lucked into a low stress job this year.
I don’t even know what my ideal number would be, but all the houses I like are 2M and I’d like to fully support a couple of kids through college.
About $700k would be my desired amount.
That sounds nice
Never be happy. If it’s 1b, should be 1.1b
10M a month.
Based on my family aspirations (3 Kids + Wife) I’d be good w/ $250k-$300k
Is it possible for an average engineer to get to 1%?
I just googled top 1% salary for Texas and turns out it’s in the neighborhood of $650K.
Of course, just run your own engineering firm
For a single person, $200k minimum for survival, $500k for comfort, $1MM for fantasy life. At $400k I’d be pretty happy.
Where did you look to find that number? Places I’ve looked seemed to have household income by percentiles on a national level.
Government source and it is a federal number, just outside the US
Rising Star
That's a really great question and something I'm still figuring out
It’s a hard one I agree. After years of chasing money, I don’t think I’m at my final destination, BUT I do feel at a range where I can be comfortable and enjoy life a bit more so that I’m not losing those years that matter
I'm happy now. $130k with retirement and kids college all on pace.
Honestly, I would be happy with $500k annual - and I'm about half way. As a single person that would go a long way... As a couple I would hope for $500-1m annually to be comfortable.
The more you make, the more taxes you pay…. Still better to make more money, you still end up with more after taxes..
You probably also have more tax write-offs as your net worth grows
Chasing a number seems kind of pointless, it keeps going up. I remember 6 figures being the top end when I was going up, now its very typical depending on location. Do whatever makes you happy, at the end of the day, money is just a tool that helps you live the life you want. Its also never enough, you can say 200k-1mil today and when you hit that number you want more, its human nature.
Not me. I’ve made more and made less. All that matters is to be comfortable, pay the bills and live the life that matters, as someone said. I live for eternal purpose. Celebrities make millions and many are miserable.
Enough money for a nice house in socal, a good car, and 2-3 nice vacations a year while building savings. Prob $500k. I want work life balance tho, achieving $1M+ isn’t worth much if you never get to enjoy it bc you’re always working
There isn't a number that will make me "happy." I grew up leveling up in video games, I am always going to want to keep reaching that next stage. Money is part of that. But so is professional development. I can see myself feeling like "this is the company I want to retire from," but I can't ever see myself thinking, "this is the role I want to do and the paycheck I want to receive until I retire," at least not until or unless retirement is actually within a couple years' horizon.
Here I am still trying to break six figures. I wonder what the goal will be after that.
I’d rather have a higher title and be paid the same as I am.
I always measured it by how much more I am making over how much my dad made. I had a poor but nice childhood. I am now at approx double his salary from the 00s if you factor in inflation. But everyday I struggle on whether it's worth it to be comfortable and mentally ill or happy and poor. Is the stress and depression worth the greed?
Why are you stressed?
Under 150k or over 550k anywhere in between is getting screwed
Because they are overworked and underpaid in that range. Better to be a partner doing less work than a manager or director and get paid 2-3x more or just be an administrative or junior employee with no responsibilities but fewer hours and less pay.