east coast wrote:
People don't like to talk about the truth.
yawn
east coast wrote:
People don't like to talk about the truth.
yawn
East Coast Real $ wrote:
East coast is dumb. Tons of people make below that amount every year and are very successful. Success is not just a measure of how much money you make but the quality of your life. When I was working in my field, RF Engineering, I was making a minimum of $300,000 a year but I typically only slept in my own bed 4 - 6 weeks a year. I left and opened a small family business that I only bring home $90,000 a year but my quality of life is 1000X better. I have an amazing wife, a beautiful daughter, a great house, and a company filled with happy employees. I would not trade what I have now for $1,000,000 a year because as stated before success is not exclusively tied to how much money you make.
Nice post. OP is an idiot. There are plenty of Ivy league lawyers making less than 100k.
How much do your employees make? I'm curious as I can see how you are doing well as you have a house and cash from your former job. How do your employees stay happy if they are getting like 35-40k?
What do your employees make?
Star wrote:
If you want to play the and/or game
You could say, If you make less than 100k you're either dumb or lazy or black or all three.
I know I have seen smart, hardworking black people that don't make $100K.
You can throw in short as another variable that doesn't really matter if you want.
My whole point is that laziness isn't a defining factor in making that pay grade.
Which is an absurd and still unqualified statement to make.
Let's ask the guy who has made more than any of us what he thinks about the accuracy of your quote, Warren Buffet:
"I personally think that society is responsible for a very significant percentage of what I've earned. If you stick me down in the middle of Bangladesh or Peru or someplace, you find out how much this talent is going to produce in the wrong kind of soil... I work in a market system that happens to reward what I do very well - disproportionately well. Mike Tyson, too. If you can knock a guy out in 10 seconds and earn $10 million for it, this world will pay a lot for that. If you can bat .360, this world will pay a lot for that. If you're a marvelous teacher, this world won't pay a lot for it. If you are a terrific nurse, this world will not pay a lot for it. Now, am I going to try to come up with some comparable worth system that somehow (re)distributes that? No, I don't think you can do that. But I do think that when you're treated enormously well by this market system, where in effect the market system showers the ability to buy goods and services on you because of some peculiar talent - maybe your adenoids are a certain way, so you can sing and everybody will pay you enormous sums to be on television or whatever -I think society has a big claim on that."
Many CEOs make much more than that and they are lazy or dumb or both.
CEOs get bonuses for destroying formerly profitable companies.
American Apparel. Tyco. Enron. Etc.
if you are only making $100k I feel sad for you. Loser!!
east coast wrote:
People don't like to talk about the truth.
Depends on where you live. $100K salary in NYC is roughly equivalent to $40K in Maine. Personally, I'd rather be making $40K in Maine.
Maybe so but trying to crack a 20 min 5 K as a masters or vet is no guarantee
Yeah, I agree that people generally don't like to talk about the truth. However, it would help if the second statement were actually true. The statement about being either lazy, dumb, or both is not true and, ironically, is a rather dumb, oversimplified statement to make. There are many intangible factors that smart and diligent people weigh in deciding how to spend their time and energy. Believe it or not, not everything is about money. And the monetary value placed on some professions is not reflective of the skill or dedication that would be required to succeed at that profession, if that is one's calling. Being a classical musician is the easiest example I can think of, but surely there are many more.
east coast wrote:
People don't like to talk about the truth.
The cold hard truth is, no matter what you do or accomplish, you end up dead. And in a few generations, no one will remember you. (We don't even remember notable historical figures, we're just aware someone by some particular name existed along with a few snippets about their life.)
double digit IQ wrote:
I'll probably never break $100K unless I take one of those jobs on an oil platform working 70 hours a week, and the reason is that I don't have the aptitude to succeed anywhere in the professional world. I'll always be a service worker or laborer. But I can only respond to this condescending post by pointing out that $100K or however much you make is a very paltry income be some people's standards--there are traders on Wall St. who pocket more than that executing trades while sipping coffee and reading the newspaper
Traders make around 150, maybe a bit more if they graduate into management.
DiscoGary wrote:
... or you own your own business and let your equity grow while keeping your salary low. 8)
Ding! Ding! We have a winner here!
OLD SMTC SOB wrote:
east coast wrote:People don't like to talk about the truth.
Depends on where you live. $100K salary in NYC is roughly equivalent to $40K in Maine. Personally, I'd rather be making $40K in Maine.
I had a 6 figure job right out of college. Very low cost of living area. Decided it wasn't for me, found a coaching job, and left (recently) to go make $20k/yr as an assistant, including a PT job on campus. I'm 10x happier than before. The high paying job was 70 hours a week and stressful. Hardly any time to run, and I was trying to pursue an OTQ at the same time. Still am running competitively, still young, still setting PRs. Should be head coach in a matter of a few years. Then I'll go to $40k/yr...
Best decision of my life.
Real Lyfe Nobodee wrote:
OLD SMTC SOB wrote:Depends on where you live. $100K salary in NYC is roughly equivalent to $40K in Maine. Personally, I'd rather be making $40K in Maine.
I had a 6 figure job right out of college. Very low cost of living area. Decided it wasn't for me, found a coaching job, and left (recently) to go make $20k/yr as an assistant, including a PT job on campus. I'm 10x happier than before. The high paying job was 70 hours a week and stressful. Hardly any time to run, and I was trying to pursue an OTQ at the same time. Still am running competitively, still young, still setting PRs. Should be head coach in a matter of a few years. Then I'll go to $40k/yr...
Best decision of my life.
Nice story. :)
Well done and all the best.
OP obviously makes less than 100K and has friends or family who make more. He is just looking for people to tell him he is not dumb or lazy.
The truth is that any smart person COULD make 100K, most of the time without even working that hard. That is no way means that people who make less than 100K are dumb or lazy.
peresozo wrote:
I left a six figure job for one that pays slightly less. I probably won't crack six figures again. I did it because it's a 40hr/wk job max, and gives me lots of time with my family. If that makes me lazy, then I guess I'm lazy.
You also don't need to sacrifice salary to work a 40/hr week max job. Here is one path to that: get your MBA in mid-20s in marketing research/data analytics; get a job at a top flight B2B research/insights company (analyst with MBA starts at ~$65k). Do a good job and by your mid-30s you're making $130k and working 35-40 hrs per week, every week. Maybe one or two weeks out of the year you go above 40 hrs. Job gets pretty easy after the first few years and has potential to stay interesting for many.
under a bridge wrote:
1/10.
Disagree. If we are to judge a troll by the # of sincere responses, it's up to a 6 and ascending . . .
It's hard to hear myself think with all the WASPs buzzing around these boards.
Used to work in sales and trading at an Bulge Bracket Investment bank.Now work at a max, 55 hours week, and make around $80-82k. Much happier and can get in some running now.The lawyers I know (from prestigious schools) make less than 100k OR make well over 100k and have absolutely zero life balance since it's corporate law. Not only do they work weekends but they work LATE everyday - 11pm or later, and are generally the most stressed out people I encountered. They hate their life.If I could redo things I would go and become a nurse.
double digit IQ wrote:
I'll probably never break $100K unless I take one of those jobs on an oil platform working 70 hours a week, and the reason is that I don't have the aptitude to succeed anywhere in the professional world. I'll always be a service worker or laborer. But I can only respond to this condescending post by pointing out that $100K or however much you make is a very paltry income be some people's standards--there are traders on Wall St. who pocket more than that executing trades while sipping coffee and reading the newspaper
Ughhhh...No....traders do not sit around sipping coffee and reading a newspaper.
High, high stress. (ie losing sleep thinking about your positions). You make a lot of $ (well, not as much as you used to), but are literally thinking about your job 24/7 and the stress WILL directly impact your health and you will get fat from all the seamless you order.