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Posted on 2/2/18 at 9:05 am to DVinBR
Made $100k 5 or 6 years out of LSU accounting/finance.
Now 20 years out and have had steady increases with a couple decent step ups here and there. Last year made >$500k for first time and will pay >$100k in taxes which makes me sick to think about.
Now 20 years out and have had steady increases with a couple decent step ups here and there. Last year made >$500k for first time and will pay >$100k in taxes which makes me sick to think about.
Posted on 2/2/18 at 9:08 am to DVinBR
serious answer: 33
i think my salary jumps were as follows:
first job out of college: 35k - 41K
2nd job: 55k - 65k
current job: 75k - >100k.
current one gave me a 25k raise after 1.5 years. my boss told me that he wanted to make sure i had no reason whatsoever to ever leave and said give him a number. here i am.
i think my salary jumps were as follows:
first job out of college: 35k - 41K
2nd job: 55k - 65k
current job: 75k - >100k.
current one gave me a 25k raise after 1.5 years. my boss told me that he wanted to make sure i had no reason whatsoever to ever leave and said give him a number. here i am.
Posted on 2/2/18 at 9:09 am to 50_Tiger
I graduated ME in 2014 and there were a few I know of that made $100k+ out the gate.
Posted on 2/2/18 at 9:09 am to CFFO
quote:
Last year made >$500k for first time and will pay >$100k in taxes which makes me sick to think about.
not that i'm anywhere near you, but the first time i saw that i was paying over 25k in taxes i almost cried and wanted to go beat up a government employee. any government employee.
Posted on 2/2/18 at 9:10 am to DVinBR
Not quite there yet but making headway. It took me leaving social services field, which I loved. Got a graduate degree and went into the corporate business side. Love this junk too.
Posted on 2/2/18 at 9:14 am to Grim
quote:
As several people on here already know, when I was in high school in the early 2000's I created a pretty popular website that hosted hundreds of flash games and made well over 100k my sophomore year. I sold the site in 2008 and now I make over a million per year mostly just renting out property. Have never actually worked a real job in my life
That's a lot of rental income. How many units do you manage? How many do you have on payroll for upkeep on all that? Houses, condos, or commercial property? What part of the country?
This post was edited on 2/2/18 at 9:17 am
Posted on 2/2/18 at 9:16 am to DVinBR
First time was 2008, I was ~40. Next time was about 4 years later. I'll crack $200k in 7 years.
Posted on 2/2/18 at 9:16 am to 3nOut
My first job out of school was for 28k plus overtime. So yes the point where you pay more in tax than your first year salary is bittersweet. It’s nice to make more but taxes are crazy. People would revolt if everyone paid quarterly vs a little every paycheck.
Posted on 2/2/18 at 9:20 am to CFFO
Damn this is depressing. Not even close for me.
Wife makes well over it but she is in the medical field.
28 and not quite hitting 50k. Even went back to school and got a MSF on my own dime.
Wife makes well over it but she is in the medical field.
28 and not quite hitting 50k. Even went back to school and got a MSF on my own dime.
Posted on 2/2/18 at 9:26 am to Dellort
quote:
28 and not quite hitting 50k. Even went back to school and got a MSF on my own dime.
You're doing fine, baw. It's not how much you make - it's how much you save.
quote:
Wife makes well over it but she is in the medical field.
That's fine - I know it's tough, because you cats are young and living it up - but if you endeavored to live on the "big" (her) income, and save ALL of the "small" (your) income, in 4 or 5 years, you would be stupid rich relative to other early 30-somethings.
Big income does not equal big savings if you don't do it.
Who is doing better? The cat making $2k a month, spending $1500 and saving $500 or the couple making $9k a month and spending $9500 of it (going into debt, with interest)?
ETA: And you did something smart, young - you literally "invested" in yourself - skills to improve your income potential long-term. Keep making good decisions about that, while trying to avoid bad debt and save all at the same time, you'll be way, way ahead of the curve.
This post was edited on 2/2/18 at 9:27 am
Posted on 2/2/18 at 9:33 am to Ace Midnight
You are 100% correct. I felt like if I was not saving something each year, I wasted my year of working. Save what you can.
Posted on 2/2/18 at 9:35 am to DVinBR
At 30
Posted on 2/2/18 at 9:36 am to Mike da Tigah
quote:
What is the point of this, bragging points for those who do make 100k plus a year and shame those who don’t?
The majority who claim they do, don't. And some of the ones that do, like the plant operator baws...well you can keep your $100k and I'll take weekends, holidays, and not having to work 50 hours of OT a week to reach that stat.
Posted on 2/2/18 at 9:36 am to Dellort
I also went out on my own 2 years ago. If I still worked for a company you could cut my income in half. So if you can do your own thing I would recommend it.
Posted on 2/2/18 at 9:39 am to DVinBR
Made $27K my first year out of college. Took about 8 years to get to $100K. That momentum has continued through the next 8 years, but now I’m getting to point where I honestly think I only want one more promotion.
I always thought I wanted to be one of the big shots, but I’m starting to feel pretty content. I want my boss’s job one day, but then I’m good.
Could have done it much quicker if I was interested in the sales side of the industry, but that’s just not for me.
I always thought I wanted to be one of the big shots, but I’m starting to feel pretty content. I want my boss’s job one day, but then I’m good.
Could have done it much quicker if I was interested in the sales side of the industry, but that’s just not for me.
Posted on 2/2/18 at 9:40 am to terriblegreen
quote:
I can honestly say, my life isn't much different making 100 than it was when I made 50. I drive a nicer vehicle
I don't even do that
I do have a mortgage rather than rent, though.
Posted on 2/2/18 at 9:50 am to lsu777
See, your older CE grads are ahead of the curve.
I went back for my CE degree after graduating in English and Psychology then working in HR for 3 years. I am also blessed/cursed with the gift of salesmanship.
I have far outpaced my younger CE peers.
I went back for my CE degree after graduating in English and Psychology then working in HR for 3 years. I am also blessed/cursed with the gift of salesmanship.
I have far outpaced my younger CE peers.
Posted on 2/2/18 at 9:53 am to CFFO
Big 4?
I was SHOCKED when I learned what CPAs can make. My wife is big 4 and those salaries breech $1million regularly......provided your partner material and can sell.
I was SHOCKED when I learned what CPAs can make. My wife is big 4 and those salaries breech $1million regularly......provided your partner material and can sell.
Posted on 2/2/18 at 9:57 am to CharlesLSU
As some have said, $100K is not a magical number. There is a lot more to life than how much someone earns and the marginal value of a dollar really goes down pretty quickly. I will say that my income allows me to not ever stress about money which is a major component of the “value” I get. Not worrying about money is actually just as good as having it in the first place.
I started at $50K base out of undergrad and probably made $55K all-in after bonus. That was 7 years ago and my income has grown 300-400% in that time depending how you want to calculate it. With that said, I’ve sacrificed a lot of my best years on this Earth working some very long hours to reach this point. I’m consciously seeking more balance now because you won’t find fulfillment in a checking account.
I started at $50K base out of undergrad and probably made $55K all-in after bonus. That was 7 years ago and my income has grown 300-400% in that time depending how you want to calculate it. With that said, I’ve sacrificed a lot of my best years on this Earth working some very long hours to reach this point. I’m consciously seeking more balance now because you won’t find fulfillment in a checking account.
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