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

posted 9 years ago in Career
Post # 47
Member
2312 posts
Buzzing bee
  • Wedding: August 2011

FH makes $90,000 a year and he travels a LOT. Sometimes up to 2-3 days each week. He will be gone at least part of every week in April. That’s the trade-off, I guess. 

I second what others say about where you live making a huge difference. FH is looking at a likely promotion in the coming months that would move us to the DC area, and there’s just no way he’s going to accept that job without at least a $30,000/year pay increase. Moving to the DC area and making what we make now would make us POORER because your money will not go as far up there. 

Interestingly, FH told me this the other night: when you’re in your 30s, you want to be making at least your age. By 40, you want to be making double your age, and by 50, three times your age. 

Post # 48
Member
2495 posts
Buzzing bee
  • Wedding: January 1991

I am an elementary gifted teacher, and I would be making $43k a year my first year if I was full time (I am currently part time).  With education, your salary is determined solely by your years of public school teaching experience + the amount of post BA credits you have.  In an interview, it’s pointless to even ask what your salary will be because it’s already pre-determined.

It’s tough to get an education job right now, though, unless you’re willing to move to an area that needs teachers.  I love working in education, though!  The hours are FANTASTIC — 7:30-3:30, guaranteed weekends, holiday breaks, and summers off, and I can take work home if needed. I got a job 1 year after graduation.

DH is in the military and is starting out at about 40k his first year.  His pay is determined by his years of experience and current rank.  We will be able to have a GREAT retirement plan, health benfits, housing/food allowances, and other benefits to his specific job (sea pay and submarine pay).  He does not yet have a degree, but has college credits which gave him a few extra ranks up.

With any job, though, you can’t do it solely for the money.  I would rather have a job I love and make 30k a year, instead of having a job I hated making 100k or whatever.

Post # 49
Member
4885 posts
Honey bee
  • Wedding: May 2012

Fiance makes more than 50g’s and is a national technical trainer in the automotive industry.  It’s great money but he travels M-F just about every single week, so we don’t see much of each other.  when I was making $50k+ (I now operate my own store, so I don’t make that bank anymore) I was working in the corporate office of a very well-known retailer in the Planning & Allocation.  I went to school for a 4 year bachelor’s and had two corporate retail jobs before this one, and Fiance did some schooling at a highly regarded engineering college but didn’t finish… he started with his company as a technician and has worked his way up to national trainer.  He’s my hero.  🙂

Also should mention that while lots of people make great money in my area, he and I combined were living a very good life (and still are).  $50k will provide a very comfortable life for someone in my city right now.

Post # 50
Member
1656 posts
Bumble bee
  • Wedding: July 2011

Fiance is a Project Engineer (BS in Mechanical Engineering) and makes good money, but he travels a lot and has crazy hours at times. Last week, he worked more in 2 days than I work in one week…. yikes! Most PE’s don’t really travel like he does though, so I’m sure there are more convenient positions out there.

He’s looking forward to his promotion (should go into effect between May-July) so that he doesn’t have to travel anymore and will be making quite a bit more money. Unfortunately, he’ll probably still have the crazy hours.

Post # 51
Member
10360 posts
Sugar Beekeeper
  • Wedding: September 2010

View original reply
@ohheavenlyday: I don’t really see how manking $150,000 a year at age 50 is feasible for 90% of America?

Post # 52
Member
2394 posts
Buzzing bee
  • Wedding: April 2010

I live in NYC and make well over $50K.  I’m a paralegal for a boutique practice.  You can do well for yourself in this field, but you have to be willing to work long hours and have a high tolerance for crazy. 

 

Post # 53
Member
2312 posts
Buzzing bee
  • Wedding: August 2011

View original reply
@crayfish:

That’s what I said; I said most 50 year olds I know do not make that. Apparently, to have the best shot at retiring at an early-ish age with a decent retirement fund set up and all that, those are the benchmarks you should be aiming for. -Shrugs-

Post # 54
Member
4136 posts
Honey bee
  • Wedding: May 2011

i do. i made over that with just a b.a., but still went for a masters. i have a liberal arts type degree. in my experience, the key is working in a company large enough so that you have plenty of promotion potential. i’ve switched offices quite a few times in my job, which is great — it never gets boring! i work regular hours. i do a moderate amount of travel, but i like doing that so i travel more than my colleagues.

however, i live in a VERY expensive area. my salary barely covers rent + food.

Post # 55
Member
284 posts
Helper bee
  • Wedding: May 2011

Both Fiance and I started at about $50,000 and now are making quite a bit more than that and have been working for about 4 years. We both have a BS in Computer Science and are Software Developers. Other than the BS we really don’t have any other schooling or training.

I do not travel for my job, and he travels one to two times a year to go to a big meeting for his company. I used to work crazy hours, but would make tons of money when I did because I am paid hourly. I have changed my position since, in the same company and usually only work 40 hours per week. If there is a big project I might work some overtime, but it hasn’t been much recently. Fiance usually works 40 hours a week, but once in a while works more when he has a big release.

Post # 56
Member
553 posts
Busy bee
  • Wedding: July 2011

I am a teacher in MA and next year is my third year teaching (I also have a masters) and I will be making over 50k next year.

Post # 57
Member
177 posts
Blushing bee
  • Wedding: February 2012

View original reply
@eupenmalmody: Did you enjoy your work as a paralegal?  I am looking into going to school for this but am not really sure where to start.  I am finishing up my BA in business admin. management. 

Post # 58
Member
1098 posts
Bumble bee

My DH and I both make well over 50K.  I’m an in-house lawyer with a large company and I work fairly normal hours.  However, I spent 5 years with a large law firm prior to coming here and had no life but work.  I feel very fortunate to have landed here – these jobs are hard to come by.  I would not go to law school unless you ADORE the law, long hours and, as teaandtoast stated perfectly, “crazy.”

DH runs a company that manufactures fiberglass commercial building materials.  He works fairly long hours 5am – 4pm most days as well as taking care of issues as they arise on the weekends.

Post # 59
Member
500 posts
Busy bee
  • Wedding: June 2011

I have my bachelor’s degree and i’m in the IT field.  actually we both are.  My most recent position gives me great flexibility in terms of my job – I come and go as I please, and I don’t work crazy hours.  Fiance is an application developer, and except for the weekends when he is on call, his hours are pretty flexible also.  i thought about getting my masters, but w/o it I’m making 6 figures, so i’m ok .  For me personally, adding an MBA wouldn’t do anything, at least not at my current organization.

Post # 60
Member
4822 posts
Honey bee

View original reply
@rachel_leigh: I am a Business Analyst/Project Manager and FH is Manager of Business Development

we both work regular hours from about 730-8 till 5 with a lunch break usually.

Post # 61
Member
383 posts
Helper bee
  • Wedding: February 2011

I’m in International Development and began 2 yrs ago making $45K. I’m now at 65K, so it does pay to stay and work sometimes. I work 9-6 and travel (because I want to) internationally a few times a year. DH manages a health provider office and makes about the same (though he wants to get into business/finance with his MBA). We both have graduate degrees, and I do think that’s helped us both significantly.

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