I have been thinking a lot about it lately. I'm in my senior year in college and I am wondering what your salary would need to be, to be considered making a "good living"? Like I want stats based on age as well. Like making 50k a year when your in your 20s is not the same as making that much when your 40. So what do you guys think? Thanks
500k. Any less and you're better off living with your mother.
teens - 35,000/year
20's - 60,000/year
30's - 90,000/year
40's - 150-200,000/year
50's - you should be retired by this point
Anything less than those standards is borderline poverty level. That's the minimum. In ten years, those numbers will increase by 25%, so start earnin'.
WTF? Serious? 150k-200k 40's? Name some careers where that is average.
$h!th34d wrote:
teens - 35,000/year
20's - 60,000/year
30's - 90,000/year
40's - 150-200,000/year
50's - you should be retired by this point
Anything less than those standards is borderline poverty level. That's the minimum. In ten years, those numbers will increase by 25%, so start earnin'.
Damn i am behind....i currently make....zero
$h!th34d wrote:
teens - 35,000/year
20's - 60,000/year
30's - 90,000/year
40's - 150-200,000/year
50's - you should be retired by this point
Anything less than those standards is borderline poverty level. That's the minimum. In ten years, those numbers will increase by 25%, so start earnin'.
Roof over your head, food in your belly and a smile on your face and the ability to continue that way.
behind the curve wrote:
Name some careers where that is average.
I hope you enjoy poverty. There's nothing wrong with it. Just try to make the most of it and keep a smile on your face. Have a litter of children or something. Drink a lot of booze. It'll all be over soon.
$h!th34d wrote:
teens - 35,000/year
20's - 60,000/year
30's - 90,000/year
40's - 150-200,000/year
50's - you should be retired by this point
Anything less than those standards is borderline poverty level. That's the minimum. In ten years, those numbers will increase by 25%, so start earnin'.
I feel I am slightly behind where I should be, given that I am earning about 50k in my 20s.
What action can I take to remediate this? Or should I simply abandon myself to my fate of living in a trailer park in Arkansas?
It depends where you live and what you want out of life. I wouldn't ask this on Letsrun since posters here are elitist and full of sh!t.
I live in the Midwest so I can only speak about here. If you're single with no kids you can easily have a good life for 40k+ a year if you budget properly. Anything above 60k/year is great.
If you have kids then its a whole different ball game. Enough money is never enough money.
You only need to make half of what $h!th wrote to avoid poverty in many places, including Arkansas. Of course, there are also places where even twice as much is still close to poverty.
It depends who is doing the considering. I make a little over $80K and consider that a very good living FOR ME, in relation to my attributes. I am well aware that the amount I make may not be impressive in the eyes of others, but I've learned not to care about that.
When you like your home and you can buy the things you want, you are making a good living.
Figure what those things cost and then you will know how much you need to make (after taxes).
If you retire in your 50s you either wasted your 20s or you picked the wrong career.
Remember, you can't retire until your kids have real jobs.
depends on your perspective, retirement goals and place of residence
yuur ground under the starsOK wrote:
Roof over your head, food in your belly and a smile on your face and the ability to continue that way.
This...
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