U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Work and Employment
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 06-08-2019, 07:27 PM
 
24 posts, read 6,387 times
Reputation: 15

Advertisements

Quote:
Originally Posted by Fleura123 View Post
If you want more money you have 2 options:
--- make more
or --- spend less

If you're a big spender, there is no guarantee that you'll have more money at the end of the month - even with a nice pay raise.

Why do you want more money? Do you have a specific goal, such as buying a house or paying off student loans?
I'm not much of a big spender. I just want a sum large enough where there's a lot of leftover "play money" that allows for more flexibility for budgeting. I'm mostly focused on maxing my retirement and finishing off paying off the mortgage.
Reply With Quote Quick reply to this message

 
Old 06-08-2019, 07:29 PM
 
24 posts, read 6,387 times
Reputation: 15
Quote:
Originally Posted by Mightyqueen801 View Post
People in Hell want ice water, but that doesn't mean they're gonna get it.
Not unless Hell freezes over.
Reply With Quote Quick reply to this message
 
Old 06-08-2019, 08:13 PM
 
2,132 posts, read 524,377 times
Reputation: 3724
Quote:
Originally Posted by bobsell View Post
$100K in Silicon Valley versus $75K in Smallville, Mississipi.

Guess where you're living like a king?
In which location will you work for a startup company that goes public and you're now worth $35 Million?
Reply With Quote Quick reply to this message
 
Old 06-08-2019, 08:26 PM
 
Location: S.W. Florida
2,204 posts, read 928,712 times
Reputation: 6208
Quote:
Originally Posted by X7L9 View Post
I'd stop
If you’re that motivated to get to six figures, no way will you STOP there. More money fuels the drive for even more money. That’s how this works. Trust me...there is no stopping point until your career is over.
Reply With Quote Quick reply to this message
 
Old 06-08-2019, 10:23 PM
 
2,387 posts, read 683,329 times
Reputation: 3374
Quote:
Originally Posted by X7L9 View Post
Not referring to any outliers like Silicon Valley. Talking about places that have relatively lower to moderate costs of living.
The same principle applies.

Don't look at the top number (salary), look at how much you'll have left at the end of the month (salary - cost of living)
Reply With Quote Quick reply to this message
 
Old 06-09-2019, 07:58 AM
 
Location: Chandler, AZ
2,275 posts, read 1,150,257 times
Reputation: 5344
Quote:
Originally Posted by X7L9 View Post
These salaries that I see on Glassdoor are seriously frustrating me. People making 160k with barely 10 years of experience based on what's shown on LinkedIn.

I get that we should always be grateful for what we have, but these six figure incomes are seemingly impossible to obtain. Is there an element of luck or what? The only reason I'm where I am at is because of successful, relentless job hopping. Waited another year and can't get anyone to pay six figures.

I'm in corporate training and my comp is at 90k. I have 4 years of experience and about to finish my master's.
You're perceived to be worth what you're making now. This is a big part of why you never reveal your current salary when looking for a new job... you focus on what you want to make and justifying that.

There are lots of crumbs out there who made it into the Six-Figure Club one way or another, and now they bumble around and not perform and wind up leaving for another six-figure job, just because they're perceived to be worth it because that's what they made.

There's also a lot of weight given to who you've worked for. You can take two people, equally smart. One works at Acme Industries, one works at Google. Both interview for the same new job. There's an inherent bias to wanting to offer more to the Google person because of a perceived inherent value in someone who's so brilliant they got a job at Google!
Reply With Quote Quick reply to this message
 
Old 06-09-2019, 03:40 PM
 
634 posts, read 172,009 times
Reputation: 1548
Quote:
Originally Posted by RationalExpectations View Post
Corporate training is a cost center (unless you work for a company that sells training classes to corporations.) If I'm a shareholder in the corporation, you do not make me any money. You cost me money. Your existence costs me money. There is very little linkage between you teaching something in the corporate training company and one of your students doing something to make me money - let alone $160K.

Try getting out of a cost center and into a profit center, where you can demonstrate just how much money you could make me. Show me you can design new products to sell for me to make money. Show me you can reengineer existing products so they'll sell more or cost less to build, thereby making me money. Show me you can close deals thereby making me money. Show me you can directly support customers in such a way they are delighted with us and do repeat business, thereby making me money. Show me you can rearrange company business lines in such a way as to save $$$, thereby making me money. Show me you can help keep the company legal in all of its operations, thereby avoiding litigation expense and costly fines & awards, thereby making me more money. Show me you can plan our operations in such a way as to minimize the income tax burden we incur, thereby making me more money. Show me a strategic trend I'm missing or competitive threat I don't see together with tactics on how to deal with them, thereby making me money.

Figure out how to make earn your employer $400K and watch your compensation get a big bump.
Thank you for putting it so succinctly!
To make it even shorter according to an old adage: when you work hard money come!
When I say “ hard” I mean smart!
Reply With Quote Quick reply to this message
 
Old 06-09-2019, 04:54 PM
 
Location: Between West Chester and Chester, PA
2,597 posts, read 2,299,213 times
Reputation: 4429
Can't believe you like money too!

Reply With Quote Quick reply to this message
 
Old 06-09-2019, 05:33 PM
 
Location: North West Arkansas (zone 6b)
2,672 posts, read 2,008,103 times
Reputation: 3670
Quote:
Originally Posted by liveurdream View Post
<snip> It's very easy to spend every penny of that money before your next check going into the bank.
The secret to FIRE is not to spend all of it. You may not be pursuing a "Financially Independent, Retire Early" lifestyle, but the principle is the same.

Don't listen to the marketers, they want you to spend all your money on whatever they are pushing and also have the scientific data to make sure you listen, but do you really need that Audi? SUV? or that fancy vacation?

The marketers are working hard to make sure they earn their keep and they'll do pretty much anything to convince you that they are making a great argument to buy their crap.
Reply With Quote Quick reply to this message
 
Old 06-09-2019, 05:50 PM
 
11,922 posts, read 21,503,013 times
Reputation: 11694
Quote:
Originally Posted by gunslinger256 View Post
The secret to FIRE is not to spend all of it. You may not be pursuing a "Financially Independent, Retire Early" lifestyle, but the principle is the same.

Don't listen to the marketers, they want you to spend all your money on whatever they are pushing and also have the scientific data to make sure you listen, but do you really need that Audi? SUV? or that fancy vacation?

The marketers are working hard to make sure they earn their keep and they'll do pretty much anything to convince you that they are making a great argument to buy their crap.
FIRE sounds cool to many people but the absolute brutal truth is lower income folks will have a much harder time realizing it. It is far easier to spend a minimal amount of money when you have a lot rolling in and can see the light at the end of the tunnel.

90k is decent I mean I wouldn't say it's low income and honestly the person who switched gears mid life and has come back to make that money in such a short time frame will be successful. I'm confident reading the OP's posts he(?) will realize his goals. It may not be doing what he's doing now, or just from one income stream, but his drive to self improve will get them there.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Work and Employment
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top