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re: What are some professions that typically make 200k per 40 hrs/wk
Posted on 12/11/17 at 5:06 am to Martini
Posted on 12/11/17 at 5:06 am to Martini
quote:
There are only two people in this world that know what I make. Myself and my partner who happens to be my wife. Not my CPA, my financial guy, my friends, family or even the government. And that is by design.
Nice way to admit to tax fraud.
0
Posted on 12/11/17 at 5:08 am to Iamkindahungry
C Suite executive
Also, Dermatology. I don't know a poor one.
Also, Dermatology. I don't know a poor one.
This post was edited on 12/11/17 at 5:10 am
Posted on 12/11/17 at 5:10 am to iamAG
quote:
I know a plumber who claims to make that. I find it very unlikely as he lives in a double wide.
You would be surprised. I know quit a few plumbers and AC guys who make well over 250k a year.
Posted on 12/11/17 at 5:18 am to Iamkindahungry
In my industry, you go through peaks and valleys in terms of hours worked. I put in way over 40 hours a week to crack the 6 figure mark. Then you get tapped one the shoulder for the next step which includes a raise, access to bonuses/stock, and more relaxed hours. You are still expected to be on call 24/7, but the reality is, you only work after 3ish maybe 5 to 10% of the time. Now to go the next step and break that 200k number, your life belongs to the company. Pretty sure my manager is looking to take another position because he's tired of the lifestyle and expectation. And that guy is a workaholic.
Posted on 12/11/17 at 5:35 am to Iamkindahungry
Working 40 hrs none.
Most successful people work or have worked more than that to be successful.
I am a partner in 4 homecenters and we are up to 5 outdoor power service centers. We all make well over $200k a year after our shares are paid out. It took us along time to get to this point and now we are looking at selling out to a larger chain. Only major issue We have is taking care of our employees who started with us at this point our lives. Money wise we are doing well enough to retire and have retired from other jobs before we did this.
I know successful plumbers, electricians, and other skilled trades that make a lot of money. They were smart managing money, marketed their business right, and worked long hours to get it to where they are now.
Look at fast and loud they guy that owns gas monkey garage. He has even said he slept on his sister’s couch a few times when he had ups and downs in his business. He finally learned to market his products of rebuilding cars and has done well marketing his business.
I got friends that own use car lots even some that sell a few cars out of a small lot on their property in rural areas that make $300k to $700k. It took them time to learn how to do this and most had good times and bad times. They learned what worked and what did not. Then they did what worked better than what did not work to make money.
Most successful people work or have worked more than that to be successful.
I am a partner in 4 homecenters and we are up to 5 outdoor power service centers. We all make well over $200k a year after our shares are paid out. It took us along time to get to this point and now we are looking at selling out to a larger chain. Only major issue We have is taking care of our employees who started with us at this point our lives. Money wise we are doing well enough to retire and have retired from other jobs before we did this.
I know successful plumbers, electricians, and other skilled trades that make a lot of money. They were smart managing money, marketed their business right, and worked long hours to get it to where they are now.
Look at fast and loud they guy that owns gas monkey garage. He has even said he slept on his sister’s couch a few times when he had ups and downs in his business. He finally learned to market his products of rebuilding cars and has done well marketing his business.
I got friends that own use car lots even some that sell a few cars out of a small lot on their property in rural areas that make $300k to $700k. It took them time to learn how to do this and most had good times and bad times. They learned what worked and what did not. Then they did what worked better than what did not work to make money.
Posted on 12/11/17 at 5:36 am to Iamkindahungry
I’m an operator at a major and we have some guys making 200k but they’re living at the plant.
As much overtime as you want here. I guess it’s cheaper for them to pay overtime than to fill positions because of benefit costs.
After 2 years as an operator here most guys are clearing 120k with around 500 hours overtime. Which averages to working 50 hours a week.
As much overtime as you want here. I guess it’s cheaper for them to pay overtime than to fill positions because of benefit costs.
After 2 years as an operator here most guys are clearing 120k with around 500 hours overtime. Which averages to working 50 hours a week.
Posted on 12/11/17 at 6:26 am to SouthTiger504
River Boat Pilot, you work less than half the year
Medical sales for a large company
Medical sales for a large company
Posted on 12/11/17 at 6:40 am to Iamkindahungry
If i could get my wife to work i could come close to that 
Posted on 12/11/17 at 6:41 am to Iamkindahungry
quote:
What are some professions that typically make 200k per 40 hrs/wk
Some consultants, doctors, and lawyers make that and even more.....but they work more than 40 hours.
Posted on 12/11/17 at 6:43 am to Chuker
quote:
I have some money that I would not like you to manage.
10 years ago I had an issue spending money.
Out of sight out of mind. The clubs and companies who pay right of ways give me checks. I deposit them and get a receipt. I just make sure I don't look at the account balance.
It's a smaller local bank. No money can come put of the account without me there.
I manage our other incomes fairly well.
That is there for if I suddenly don't.
Posted on 12/11/17 at 7:06 am to Iamkindahungry
Granted, this isn't your $200k number, but a friend of mine from high school moved to NYC to be a musician. Taught guitar and piano lessons in the Upper West Side to support himself while he got established in the music scene. Advertised exclusively to nannies, home schooled kids, homemakers, and retirees at $150/month for lessons.
He had 80 students working 8am-630pm Monday-Thursday with a 30 minute lunch break. He found some company that let him rent an office space for $1000/month.
That's what ~$132,000/year working four days a week? Plus his gigs?
When he got established he talked to me about coming up there, but he was single and I was married planning for our first kid at the time. He quit not too long after as he felt so drained from 10 hour days teaching that he never practiced or really pursued his original dream.
Thing is, if you first pursue money, you won't be happy. You need to determine what a livable wage is in your area and add about $10k to that to really settle in as middle class. Then find professions that interest you, that you'd enjoy doing and would contribute to. Then pursue those.
He had 80 students working 8am-630pm Monday-Thursday with a 30 minute lunch break. He found some company that let him rent an office space for $1000/month.
That's what ~$132,000/year working four days a week? Plus his gigs?
When he got established he talked to me about coming up there, but he was single and I was married planning for our first kid at the time. He quit not too long after as he felt so drained from 10 hour days teaching that he never practiced or really pursued his original dream.
Thing is, if you first pursue money, you won't be happy. You need to determine what a livable wage is in your area and add about $10k to that to really settle in as middle class. Then find professions that interest you, that you'd enjoy doing and would contribute to. Then pursue those.
This post was edited on 12/11/17 at 7:08 am
Posted on 12/11/17 at 7:16 am to iamAG
quote:
I know a plumber who claims to make that. I find it very unlikely as he lives in a double wide.
The Millionaire Next Door, dude.
Posted on 12/11/17 at 7:19 am to SouthTiger504
quote:
SouthTiger504
Must have a nonexistent fatigue policy
Posted on 12/11/17 at 7:20 am to UGATiger26
Honestly, a lot of people at the Director level and up in a large corporation are making $200K after variable pay is included. It is highly reasonable to make $150K and have another $50K in variable compensation (whether bonus or RSUs).
Managers can push the 150-200 range depending on role and responsibilities.
Managers can push the 150-200 range depending on role and responsibilities.
Posted on 12/11/17 at 7:21 am to Iamkindahungry
My thought is if you meet people at social engagements and they make you think they are working 40 hours per week and making $200k it is likely not true. Most people that make in excess of $200k do not brag about how much money they make or how little they work. In fact, most of my "Rich" friends rarely want anyone to know how much they make or how often they work. The friends that try to fit in with the rich folks often talk about making lots of money and their mid-week golf rounds or fishing trips. They often try to make their life a Facebook fantasy (for reasons I cannot explain because anybody making lots of money knows it takes hard work).
My advice (which should almost universally be ignored) is to keep doing what you are doing if you make a comfortable living. Amazing how many people that make a comfortable living end up with a great quality of life and retiring early. Don't get caught up in the race with the Jones family.
My advice (which should almost universally be ignored) is to keep doing what you are doing if you make a comfortable living. Amazing how many people that make a comfortable living end up with a great quality of life and retiring early. Don't get caught up in the race with the Jones family.
This post was edited on 12/11/17 at 10:06 am
Posted on 12/11/17 at 7:42 am to TigerRagAndrew
quote:
Must have a nonexistent fatigue policy
Pretty much. Guys making 200k+ are on a special assignment though. Straight days until project is finished with 15% upgrade on top of their normal pay. Also applies to OT
Posted on 12/11/17 at 8:38 am to schwartzy
My wife (no pics) both retired from the military and are a fairly high percentage disabled through the VA. We both get a pension from the military and disability through the VA. I work as a Logistics Coordinator offshore and she is in college and works at a restaurant. No insurance premium and use my company for vision and dental which saves a hell of a lot of money. Kids college tuition is paid for since she’s Permanently and totally disabled again saves a lot of money. Between Pensions, Disability, my salary, her GI Bill money, and her tips we clear over 150 a year. Now we live off of my salary and her tips pensions and disability money is given to a financial manager. I don’t want to work past 55.
Posted on 12/11/17 at 8:42 am to go ta hell ole miss
quote:
My thought is if you meet people at social engagements and they make you think they are working 40 hours per week and making $200k, it is likely not true. Most people that make in excess of $200k do not brag about how much money they make or how little they work. In fact, most of my "Rich" friends rarely want anyone to know how much they make or how often they work. The friends that try to fit in with the rich folks often talk about making lots of money and their mid-week golf rounds or fishing trips. They often try to make their life a Facebook fantasy (for reasons I cannot explain because anybody making lots of money knows it takes hard work).
My advice (which should almost universally be ignored) is to keep doing what you are doing if you make a comfortable living. Amazing how many people that make a comfortable living end up with a great quality of life and retiring early. Don't get caught up in the race with the Jones family.
True, my brother has a pretty nice gig, I know he makes six figures, but that's all I know, and he's my brother. All his friends that are in his social bracket are the same way, I'm friends with most of them, and I made pretty good money as a Colonel in the Army and make a pretty good retirement, but nowhere close to these guys, but they never discuss their salaries, nor the fact that many of them are earning a salary while being on a golf course or whatever , it just is the way it is to them.
Posted on 12/11/17 at 8:44 am to Martini
Exactly.
Hell my wife do
Nevermind she knows my td handle.
Hell my wife do
Nevermind she knows my td handle.
This post was edited on 12/11/17 at 8:44 am
Posted on 12/11/17 at 8:46 am to Iamkindahungry
quote:
Everyone I meet seems to make 200k+.
If they are not in the professions (most doctors past the intern/residency phase, some lawyers, mixed bag of others), most that make this much are business owners and probably not working 40 hours per week (for that matter, the doctors and lawyers making that much generally aren't working 40 hours either).
You would need a gross hourly rate of about $100 to make $200k from a "mere" full-time job of 2080 (52x40 for those of you in Rio Linda) hours per year.
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