(Closed) For those of you who make more than $50k per year

posted 10 years ago in Career
Post # 32
Member
149 posts
Blushing bee
  • Wedding: November 2011

this is a ridiculous question.  a LOT depends on where you live.  $50k in Chicago or New York isn’t the same as $50k in Alabama.

 

 

Post # 33
Member
450 posts
Helper bee

I’m a lawyer and work for the government, making  close to 100K.  I love my job, but despised the whole law school process. My hours are very flexible and I work about 40 hours a week, so I would say I’m pretty lucky in the job department.  If you ever consider law, I highly recommend getting a job with the government.

Post # 34
Member
8734 posts
Bumble Beekeeper
  • Wedding: September 2011

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@qwerty1: That is SO true.

Rent/Cost of Living in NYC is ridiculous.

We started looking at apartments to buy, but even with looking at $700k places we were looking at small 1 bedroom apartments that may or may not have a doorman.

Post # 35
Member
1565 posts
Bumble bee

I forgot to mention in my 1st post – taxes also make a HUGE difference. This is something I knew but did not really appreciate until I started working this job. In our tax bracket, we end up paying like 50% total. So it might sound impressive to say that I make a six figure salary…but I don’t ever see a good chunk of it! 

Post # 36
Member
157 posts
Blushing bee
  • Wedding: September 2010

My husband and I both make over 50K a year (my DH makes alot more then I do).  I have a 4 year degree and am a buyer for a retail company in Canada.  I work anywhere from 40-70 hours a week depending on the season.  I travel about once a month to all over the US and Canada.  My Husband works in the cellular industry managing a retail location.  He has a 4 year degree in music but obviously is not using it.  He only works 40 hours a week and does little to no traveling.

My job is crazy stressful with no work life balance, my husband on the other hand has an amazing work life balance and makes more then I do. So in my case salary doesn’t match the work load but the perks of my job are the things that keep me from looking for another job.

Post # 37
Member
8734 posts
Bumble Beekeeper
  • Wedding: September 2011

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@GirlWithARing: I hear you there. The tax hit is really rough. When Fiance and I get married, we’ll actually end up worse off from a tax standpoint because of our combined salaries.

Post # 38
Member
3563 posts
Sugar bee
  • Wedding: August 2010

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@GirlWithARing: Yup it’s pretty discouraging. I never want to get DH started on a discussion about taxes because he gets pretty worked up, lol.

Post # 39
Member
6350 posts
Bee Keeper

FI’s salary gets cut nearly in half. Taxes in MA suck

Post # 40
Member
870 posts
Busy bee
  • Wedding: September 2012

We’re both consultants, both in IT and both just shy of 6 figures. We both started out as developers, but now we’re both on the business side. 

But we also live in one of the more expensive parts of the country and despite this are going to have a hard time buying a nice/decent sized house. 

Post # 42
Member
3613 posts
Sugar bee
  • Wedding: May 2010

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@KatNYC2011: Same here in LA. We probably will never be able to buy here. I’m embarrassed to tell people we pay $2700/month for rent but it’s still lower than what we would pay in mortgage for a place that’s half as not as nice where we live now.

Post # 43
Member
3525 posts
Sugar bee
  • Wedding: August 2010

Hm. I’ve always wanted to be an architect. So I guess the thought of picking a profession due to salary costs is a little foreign to me.

If I stay in Upstate NY I doubt I will EVER get up to 50K a year but you do not need that here to own a home and have a family.

If we ever moved back to NYC I’m pretty sure the salary would inflate accordingly.

Architects do NOT get paid well unless you are the glamour ones.

Post # 44
Member
10283 posts
Sugar Beekeeper
  • Wedding: October 2011

Fiance makes more than $50K and he’s a software developer. He doesn’t travel or work crazy hours (almost never more than 40 hours a week). Everything he knows is self taught but most people in his field have computer science degrees. He’s actually worth closer to $90K but no-one in our area is paying anywhere near that. IT is actually a really great field to be in because it’s constantly growing. Fiance will always have a job because someone somewhere will always want stuff to be made.

I don’t make more than $50k but I hope to someday. I’m currently an auditor making around what you and your DH make.

ETA: Neither of us have a degree. 

Post # 45
Member
7581 posts
Bumble Beekeeper
  • Wedding: December 2010

Both DH also make over $50k. We have both worked our ways up into mangement positions. DH is currently working on his bachelors degree and makes around $70k. He works in a manufacturing company and has a specific set of knowledge that drives his salary. I have a degree in psychology, but I am a sales VP for a very large global company.  I make 6 figures. I started out as a customer service rep making $15 per hour and eventually worked my way into a sales management position in a different fortune 500 company than where I work now. That experience has alloted me to move from company to company taking promotions along the way to end up where I currently am. I loathe my job though. I work approx. 80 hours per week and there is no time that is my own. If the company needs something at 2am I must respond. It’s quite a tough life. I have currently also started my own company in hopes that I can leave where I currently am, and do something that I enjoy.

Post # 46
Member
3709 posts
Sugar bee
  • Wedding: May 2011

I make well over 50K. I have a BS degree in Computer Science. Work 9 to 5 usually, and have worked for a few different companies…all pretty large corporations. I have taken training classes here and there since the industry changes so much, so quickly but I think the IT field in general is one where a BS degree is enough most of the time. 

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