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$170 here. Wife makes similar.
I wouldn't say it buys happiness so much as prevents unhappiness.
My happiness doesn't cost much. Family, friends, a good night out, a well made meal. Love my job so that's huge. None of those are big ticket items.
But without money it'd eat away at that. Stress from bills, no healthcare, concern for the future.
So I personally think it's less about what you have and more about what you don't have, if you know what I mean.
Same. I don't even make enough to count according to most people but once I started earning more than the bare minimum and started being able to save $100 a month it really made a difference in terms of my mental ability to not worry about the future. Suddenly I had a cushion I've never had before - a bank account above zero, and I didn't have to constantly figure out how I'd eat for the next 3 days until paycheck. Now that I've done that for a few years, it's crazy to think I never had that security before. I now have 2 months salary saved and it makes night and day in terms of being able to sleep at night especially during times like these ☺️
Tl;Dr - your response was right on, I'm just trying to relate and reaffirm ;)
I’ve been at between 170-250 the last few years & it’s remarkable (wife is at 170-200). Before that, I was happy with 50-70, now I’m “happy” because I’m saving religiously and have enough of a financial buffer that I’m not worried about my safety or wellbeing. If I got laid off, I’d be able to support myself for 5+ years unemployed. That peace of mind is well worth it.
That said: the trick is to minimize tax burden no matter how much you earn & never get caught up in competing with The Jones’s
Strategist1 I am paying me “fair share”. I still fall into a 24% bracket (which is significant) and am following all legal rules and options allowed. If you want to take up tax law with someone who can change it to be more in your favor, be my guest. But as a minority raised in poverty, you want to pick on me? I’m just learning from y’all and working my ass off to do better for my own family. End of story.
I make 140 in Toronto, so that’s like 90 USD. The hardest thing is knowing that all of the hours I’ve put into doing award winning work have not resulted in a financial benefit for myself (great for the company though).
The only tried and true way to get significant salary bumps is to move companies or threaten to move companies (at least in the US). Meritocracy here is spotty at best.
Obviously depends on where you live, but yeah. If we make smart decisions about expenses them we can make less and be cool with it. At the same time, I don’t feel super comfortable doing that until I’ve banked way way more into my kids’ college funds.
I’ve been thinking a lot of on the same subject. It’s not so much how much money will make happy now, but how can I plan for the future? I live in an expensive city and still can’t pay student loans off, living expense comfortably along with savings.
I feel like I have to keep working more to be able to have a future one day.
Enough so my fiancée can quit her job on Wall Street, we can live comfortably off my salary and she’ll not have the stress of raising a family and being the primary breadwinner. So like $500k to $1 million.
NL
Not an exact number but enough so that only 1/3 of my salary will need to go into paying necessary expenses, 1/3 to investment, and 1/3 as emergency/pleasure fund. Right now I'm at 1/2 going into expenses so there's still much to do.
I don’t need to make any more money than I‘m making now, so long as someone divine comes along tomorrow and says “you will have enough to retire before you die.” Sadly, I don’t trust that, so every day will never feel like enough. Until I die.
I feel you.
Well now I’m seeing a very huge salary gap between execs and the folks on the ground.
I totally get it. I don’t feel like the majority of senior execs salaries are unfair given the cost of living and life stage. Where I struggle is with the $500k+ salaries at the c-suite level when the people at the bottom are struggling to buy food. Or even people like me who are mid-level, who are delaying having kids because we can’t afford it yet. Sometimes I feel like I’m going to have to wait 20 years before I’ll be able to afford “the basics” at my life stage.
I would say $100k, just so I can continue to save and have that buffer just in case something were to happen - currently at $75k. Husband makes $120k. We’re in a major Texan market so cost of living is reasonable.
Let’s trade you can take my 55k and I’ll take your 100k 🙃
$600k/ year
Is four yrs of experience and earning $100K reasonable? Living in NYC.
With bonus pay and if you are an asset probably. Base salary probs not till you hit ~5-6 years.
Don’t know the exact figure, but do know I would like to be compensated a little more for the hours I’m putting in. But I guess that’s just the industry
E egg right rrgrknnf
Need $200K to even rent a decent 2bdrm apartment in LA/SF...
ROFL I get paid in magic beans I’m making 70k as a senior digital project manager and still work 60 hours per week. It’s about what you feel your worth is not how much you feel comfortable at. Keep your standards high.
As long as you don’t think about the millions of dollars we make for other people what you get paid should not matter as long as you are happy.
What you get paid should matter because it’s a direct correlation to how you feel you are worth and demonstrates what your company feels you are worth