Well in most cases a family (in the bay) could have a combined income of over $100k. That's usually the case, where both spouses make somewhere in the $80k-120k range leading to a pretty good income.
Well in most cases a family (in the bay) could have a combined income of over $100k. That's usually the case, where both spouses make somewhere in the $80k-120k range leading to a pretty good income.
[quote]NY'r wrote:
If you are looking to make a 100K and not a lawyer, Doctor, Hedge FUnd guy, you have to into sales. Sales is the fastest way to get to 100K if you dont have a ton of experience.
This is correct. I've averaged $155K per year since the age of 26 (I'm 50 now) and there are years where it is ridiculously easy. I work from home and can't remember the last time I put in more than 40 hours of work in a week.
Engineers, accountants, product marketing folks, etc all get pissed at salespeople's lives and compensation, yet most are scared shitless to try it. Almost anybod can be successful at it...no special skills...simply be yourself.
As to cost of living making 100k bad wages, here is a chart showing the median household income in the 10 wealthiest counties in the United States.
http://en.wikipedia.org/wiki/Highest-income_counties_in_the_United_States
Here is a list showing median household income in various metropolitan areas in the United States.
http://en.wikipedia.org/wiki/Highest-income_metropolitan_statistical_areas_in_the_United_States
San Francisco is #1 at $63,024.
100k is good money anywhere in the United States, unless you have incredibly expensive tastes. You people saying that you can't make it and have a good time on $100k/yr. (for a single person) are just incorrect. Or you are like these people
Everyone here who thinks 100K is peanuts also probably thinks 2:10 marathon sucks
A Skeptic wrote:
As to cost of living making 100k bad wages, here is a chart showing the median household income in the 10 wealthiest counties in the United States.
http://en.wikipedia.org/wiki/Highest-income_counties_in_the_United_StatesHere is a list showing median household income in various metropolitan areas in the United States.
http://en.wikipedia.org/wiki/Highest-income_metropolitan_statistical_areas_in_the_United_StatesSan Francisco is #1 at $63,024.
100k is good money anywhere in the United States, unless you have incredibly expensive tastes. You people saying that you can't make it and have a good time on $100k/yr. (for a single person) are just incorrect. Or you are like these people
http://www.nytimes.com/2009/02/08/fashion/08halfmill.html
Don't be so skeptical, how old are you? how much do you earn? are you satisfied?
Several points
(1) 2010 census data is not out, therefore those numbers are likely year 2000 $, $ are a lot different in 2011 than 2000, price of gas has pushed things waaaaaay up and the official inflation figures dont come near to capturing that. Also, no investment opportunities, e.g. the lack of return on any investment, has forced savings a larger portion of discretionary income.
(2) No one limited this discussion to single people looking to have a good time. You can do that for free on craigslist. This is about being "satisfied," that may or may not include having wife and kids. Less than $100k is going to leave you proposing to some whale thats going to bring the kids happy meals every afternoon on her way home from her gig as a bus driver.
(3) Satisfied is totally subjective, ergo this conversation is slightly pointless. Suffice it to say that $100,000 over the course of 12 months is only going to put you squarely in the middle class regardless of circumstances, and most people should not be satisfied with that, just like most people should not be satisfied with an 18 min 5k, although that is better than average.
No you shouldn't.
100k doesn't go very far. 200k is where it is at. The person in charge of people mowing lawns at some random PNW city makes 210k per year.
dsfsdfffdf wrote:
Sort of down on myself -- I'm happy with my current position in life, but I feel like I can be doing a lot more. I'm currently making about 7 grand a year (yes, 7), but I want to make 100 grand. Should I be satisfied with that?
Everybody's commenting on the 100k goal - which, by the way, would be fine in most areas of the country outside of the major metro areas.
BUT - you're making 7 grand a year? WTF? How in the world do you make it on 7 grand a year and not be homeless?
If you have a roof over your head, and anything else (like food and a car), we should be taking lessons on how to make it on 7 grand a year from you. Especially if you're happy - which you say you are.
100K ?!?
I hope the K stands for '$Kajillion.'
Why did you dig up a thread from 8 years ago just to talk about the salary of some guy who mows lawns?
Maybe he is the lawnmower and he was excited to tell everyone about his earning power...
Yeah, it really just depends but 100k isn't that great of a benchmark. Between my wife and I we make over 100k but with 2 kids, house, cars, and both of us have school loans we are still living pay check to pay check and really can't afford to put much away for retirement or go on nice vacations (we always try to go somewhere and every few years take a bigger trip). Sure, its all our fault, we went to college, we bought a house, we took out loans for our cars, we could clip coupons and only eat out once a year blah blah. Whatever argument you want to make, it just doesnt matter, 100k just isn't that much money in today's world. And no we don't like in SF, we are in a suburb of the Twin Cities MN.