Salary Expectations......

General_RipperRecent engineering grad. hereI would like to start off at 50k a year. That is more than enoughI would like 100k in 5-10 yearsWhen I am older I want enough money so that my kids don't have to go through a retarded bullshit public school system, and they are free to dream as they please and be something great (In my eyes not drones like most people are).When I am retired I want to be a dirty old wealthy man who drinks booze all day on his boat.

Chubz.idk how much i'd have to earn but this is how i want to live when i'm older.

I would like a medium to larger sized house (basement, ground floor, 2nd floor, attic) about a half hour outside of a city. On at least 50 acres would prefer 100 or more. I want to have a 4+ bedroom house, a pool (possibly in ground). I would like a pond and a 2 car garage. I'd also like to own a boat and some other toys. (motor cycle dirt bikes/ four wheelers.) I'd also like to be able to go on at least one vacation a year. Possibly a beach trip in the summer and a ski trip in the winter, that'd be ideal for me.




Would be nice. I'm guessing i'd have to make 6 figures to live that comfortably.

snobunnyDepends what city you're talking about.

Chubz.I would love to live around boston, denver, Portland/Seattle. Maybe somewhere in cali. But when the time comes for me to pick a job i'll probably go wherever i'll have the opportunities to live how i want to live.

snobunnyI don't know that much about cities other than Seattle-- but I'm willing to bet you aren't going to find 50 to 100 acres just 30 minutes outside of any of those but Denver. Maybe I'm wrong...but yeah, it sounds like six figures.

snobunnyI don't know that much about cities other than Seattle-- but I'm willing to bet you aren't going to find 50 to 100 acres just 30 minutes outside of any of those but Denver. Maybe I'm wrong...but yeah, it sounds like six figures.

.MASSHOLE.Boston is highly unlikely. A high 6 figure salary would not be able to pay for 50-100 acres in most "normal" suburban areas. You may find some in lower income areas, but by this point many have been turned into commercial farms.

Chubz.I'm talking more rural. I wouldn't want to be in the suburbs I'd want to be on farm land honestly.

Chubz.I'm talking more rural. I wouldn't want to be in the suburbs I'd want to be on farm land honestly.

.MASSHOLE.That will make it a hellish commute. You would have to leave before 630 to beat Boston traffic.

snobunnyAgain-- I only know about Seattle, but it is definitely doable to have a farm/acreage an hour away from Seattle, but you'd probably be looking at less than 50 acres. That sounds really nice, though.

Chubz.honestly that doesn't sound bad at all. My parents leave at around 645 for work every morning so I've grown up around getting up when they get up every day.


Yeah it's just my main goal for when I'm an adult. I would just want enough room to have trails, go hunting ride dirt bikes etc.

SideShowBobengineering with mba ftw

Chubz.idk how much i'd have to earn but this is how i want to live when i'm older.

I would like a medium to larger sized house (basement, ground floor, 2nd floor, attic) about a half hour outside of a city. On at least 50 acres would prefer 100 or more. I want to have a 4+ bedroom house, a pool (possibly in ground). I would like a pond and a 2 car garage. I'd also like to own a boat and some other toys. (motor cycle dirt bikes/ four wheelers.) I'd also like to be able to go on at least one vacation a year. Possibly a beach trip in the summer and a ski trip in the winter, that'd be ideal for me.




Would be nice. I'm guessing i'd have to make 6 figures to live that comfortably.

TijmenDalYou want all that stuff and then one vacation a year? You've got fucked up priorities man...

skiierman25k - great if you're single and young
40k - very solid
80k - set for a comfortable life
100k+ - complete success

VT_FLOPretty much this. I would say as a per person income (80k husband+40k wife or 40k husband+80k wife) is comfortable if you live near mountains. 100k+ for husband and 100k+ for wife is big house/boat/no debt for kids college depending how you play it. At an after tax household income of +200k/yr you are living in relative luxury and can probably afford a 2nd home if you want.

Or if you have enough money to live and have benefits, having a job where you can easily pick up and move wherever the f*ck you want will afford you much more happiness.

.MASSHOLE.Honestly, I think people underestimate how much pretax 100-200k really is at a certain point in life if you have kids and a mortgage. College educations, mortgages, retirement funds, and basic insurances all take up a lot of cash that leave very little money in case of emergencies.

snobunnyYes, and no. I don't think his figures were that unrealistic. First of all--kids can pay for their own college as far as I'm concerned. If you have 401k match benefits then retirement funds are partially in addition to the salary--same with insurance.

Also, younger children-- like babies-- are more expensive than older children obviously because of daycare vs. public school--and no one out there give me shit--there is nothing wrong with public school in certain districts--just sayin.

.MASSHOLE.I think giving kids at least partial assistance with college is one of the best gifts a child can get. There is nothing like a debt-free post-college life as I have learned. It opens a lot of doors whether it be career exploration or returning for a higher degree without worried about taking on more debt. But that is my stance vs. yours, neither is the correct one.

Truth. Younger kids are more expensive for two reasons; daycare and salary differences. I think most people in their careers make more when their kids are older rather than younger and are more likely to accumulate debt at a younger age.

And no, there is absolutely nothing wrong with public schools in certain districts, nor is there with private schools if that is how your child would be better suited.

I guess salaries are all relative to how you want to provide your kids, and I know I want to be able to give them the options to live like I did.

loridaI'm surprised some people aren't interested in paying for their child's education. Personally, that's a "fucked up priority".

One of my goals is to be able to pay for my children's education. Tuition, living expenses during school, and so on, as long as they keep their grades up. However, if they want $200 jeans and a nice car - that's on their dollar.

loridaI'm surprised some people aren't interested in paying for their child's education. Personally, that's a "fucked up priority".

One of my goals is to be able to pay for my children's education. Tuition, living expenses during school, and so on, as long as they keep their grades up. However, if they want $200 jeans and a nice car - that's on their dollar.

TijmenDalYou want all that stuff and then one vacation a year? You've got fucked up priorities man...

snobunnyspoiling kids isn't necessarily good for them-- in fact, it is straight up NOT good for them.

If they can't make enough money to pay for living expenses or school on their own, and they're struggling--obviously helping them out isn't spoiling them, but to pay for everything so they don't have to work, and can afford to fail classes or just live a life of luxury while I work my ass off, is spoiling them.

timmiI'm not sure I agree with this. I grew up in a fairly well off household. Nothing extravagant and we never wasted money, but I never went without.
I worked all throughout highschool, and if I wanted something I pretty much bought it myself, but when it came to College my dad told me he wanted me to stop working and focus on my education. He paid for the whole thing, including 2 years in australia. A lot of people look at that as being spoiled, or some rich kid lifestyle, but it hasn't made me take anything for granted. I'm still a hard worker and I still value money.

Maybe the difference is the parenting behind the "spoiled" kid. My parents taught me to work for what you have and appreciate what you have.

loridaI'm surprised some people aren't interested in paying for their child's education. Personally, that's a "fucked up priority".

One of my goals is to be able to pay for my children's education. Tuition, living expenses during school, and so on, as long as they keep their grades up. However, if they want $200 jeans and a nice car - that's on their dollar.

TOAST.I feel bad using their money.

snobunnyand timmi-- you said your parents were well off and could easily afford it.

my point was that children are spoiled if their parents continue to work their butts off to barely afford for their child to live a life of paid for education and living without having to share in the cost.

I honestly can't imagine being a child who made the decision not to work, when I was able, at the expense of my parents if they couldn't easily, and I mean easily, afford it.

loridaI think I just realized that you're likely American, while I'm Canadian.

My tuition this year, for my masters degree, will be about $5-6k.

Next year, I might do my MBA, because at $8-15k, why not?

Regardless, I'll agree that the child should be responsible to some extent - say, if you maintain over a certain GPA, it's free. Under 3.5 GPA, you pay half. Below a 3.0, you're paying it all!

There has to be some motivation.

But then again, during school I worked 70+ hours some weeks, which definitely hindered my grades a tad.

NotoriousT.S.EAt least 70,000 mid career.. whatever thats going to be

loridaI'm surprised some people aren't interested in paying for their child's education. Personally, that's a "fucked up priority".

One of my goals is to be able to pay for my children's education. Tuition, living expenses during school, and so on, as long as they keep their grades up. However, if they want $200 jeans and a nice car - that's on their dollar.

loridaI'm surprised some people aren't interested in paying for their child's education. Personally, that's a "fucked up priority".

One of my goals is to be able to pay for my children's education. Tuition, living expenses during school, and so on, as long as they keep their grades up. However, if they want $200 jeans and a nice car - that's on their dollar.

timmiI'm not sure I agree with this. I grew up in a fairly well off household. Nothing extravagant and we never wasted money, but I never went without.
I worked all throughout highschool, and if I wanted something I pretty much bought it myself, but when it came to College my dad told me he wanted me to stop working and focus on my education. He paid for the whole thing, including 2 years in australia. A lot of people look at that as being spoiled, or some rich kid lifestyle, but it hasn't made me take anything for granted. I'm still a hard worker and I still value money.

Maybe the difference is the parenting behind the "spoiled" kid. My parents taught me to work for what you have and appreciate what you have.

ObeseBunnyThere's nothing wrong with splurging on gifts/education for your kids, but it's important to make sure they understand the value of what they're receiving and don't take it for granted.

Mike-OWhat's the highest taxation percent you hit in the US?

In Finland, the highest taxation you can get is 30,5% + an average municipal tax of 18,5% =

49% tax.


Yay.

carltuszThis is weird. All forecasts for my career path point to something over 80 K /year, and likely over 100 K, but its not what I'm basing my life decisions on, nor am I going to be upset if I don't get paid that much.

snobunnyFair enough, but from my experiences, most children who go straight from high school to college with all expenses paid spend much more time partying than going to class, and sometimes consider failing an option.

Again, I realize it is a generalization, but I also think it is a fairly accurate one, although I know there are many exceptions.

lIllII have noticed this too. I see a lot of rich kids getting photography degrees and vacationing mid-semester nonstop. It's also the same kids who relentlessly post sentimental yogi bullshit on facebook. Suddenly I'm "negative" because I say that college isn't a fucking vacation - it's a job. Easy to say when your degree is a joke in terms of workload.

Granted, I'm in the same category. My school is 100% paid for by my family. I still work to pitch in, and I'm not blowing that money by getting an economically viable degree (Finance).

I feel jealous of the lifestyle of those rich kids pissing away their parents' money, but at the same time I feel like it's going to catch up to them, somehow. Right?

Ah who am I kidding. Rich family => success.

KravtZAgreed. Have a lot of rich friends who cruised through school not a care in the world...and came out and had a tough time actually working and living on a budget. But I think the biggest part of coming from a wealth family and having school 100% paid for really is the freedom it gives you. I came from a low income family, so I went with a STEM degree to make good money and pay off school in a year or so. If I was from money...I may have very well considered culinary school as its a passion of mine but knowing they make a lot less on average steered me away.

KravtZAgreed. Have a lot of rich friends who cruised through school not a care in the world...and came out and had a tough time actually working and living on a budget. But I think the biggest part of coming from a wealth family and having school 100% paid for really is the freedom it gives you. I came from a low income family, so I went with a STEM degree to make good money and pay off school in a year or so. If I was from money...I may have very well considered culinary school as its a passion of mine but knowing they make a lot less on average steered me away.