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re: At which salary level is an individual “doing well”?

Posted on 4/2/21 at 3:36 pm to
Posted by bigblake
Member since Jun 2011
2502 posts
Posted on 4/2/21 at 3:36 pm to
(no message)
This post was edited on 4/7/21 at 1:19 pm
Posted by danilo
Member since Nov 2008
20257 posts
Posted on 4/2/21 at 5:55 pm to
quote:

It's not so much the earned income, rather the passive. I assume you're in your 20s or early 30s, and thus most of your income is earned through wages. Relying on earned income is more fraught than passive, hence why you don't feel like you're doing well. Hopefully you're investing 15-20% of that, so when you're in your 40s or 50s you are earning 100k+ in passive income.

Correct. Think a positive thing I have going for me is high savings rate (45% of gross) and not much of a desire for “stuff”.
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