Whats a good salary to you?

Loo.wii said:
550K!!!!! do you have enough time in your hour glass to make it through med schoold and become a surgeon? all jokes aside i dont understand how this is sustainable. pretty soon 200K will become a decent salary.
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Wife did and owns her own practice that employees 15 other people two of them docs, I make 100 and wife makes 6x or more than me, it’s great, it’s also super stressful some days and it is constant work for her being the boss, gotta make a lot of money to pay 15 people and keep the lights on and pay yourself to make it worth it. Plus wait till the tax man comes and takes about 180k of your money away every year… well there goes my entire salary and then another good paying salary…
 
Hnthrdr said:
It can definitely make life easier, but it doesn’t make you happy, I know that. I also know the more things you own the more they end up owning you… rentals, vacation homes, toys with motors, ect…
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Agree. I barely buy anything in comparison with the average Joe, let alone the average Rokslider
 
Love the parallels of this thread and the whiny NR one.

If i took my salary to the midwest/south id be rich. Across the west? Not so much.
 
S.Clancy said:
Agree. I barely buy anything in comparison with the average Joe, let alone the average Rokslider
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Being kinda a kept man, I have vastly upgraded rifles, scopes, optics… guess what? It doesn’t make me any better of a hunter in a meaningful way. Maybe my pack is lighter or I’m more comfortable/ soft lol but it’s often not the game changer people think it is. But this is rokslide after all where gear reigns supreme!
 
Loo.wii said:
550K!!!!! do you have enough time in your hour glass to make it through med schoold and become a surgeon? all jokes aside i dont understand how this is sustainable. pretty soon 200K will become a decent salary.
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Time? Maybe.

Brains? Not even the first week.
 
cnelk said:
Check out the Living Wage Calculator from MIT

Select > State > County

Living Wage Calculator

livingwage.mit.edu livingwage.mit.edu
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I can't help but take issue with this definition of a "living wage"...a living wage that doesn't account for saving at least 5% and like wise for retirement is not a living wage...their figures are pretty light for housing given the current market for either rents or owning in most places.
I'd like to see the stats/algorithms they used to come up with those numbers...most don't seem too accurate for my neck of the woods and I'm not in an exorbitant part of the midwest.

Interesting link though, thanks for posting.
 
A good salary? Something that I can eventually not need my wife to work, and not worry about providing for my family whenever God blesses us with kids. Once debt is paid off, ill be happy with about 80-90k. That would also allow us to save for trip, or do a dream hunt or two.

Could even live on 70k if we had no debt, and decided.to do away with random trash we use.
 
It depends on where you live. In some places $100k gets you alot. In others like DC and the Bay Area CA, $250k may still be tight.
 
Depends on how much debt you think you "need".

When you're debt free, very little goes a long way.

If you think you need to look good in the eyes of others, or buy the so-called top of the line "stuff", then $175k - $250k in most ares.

Debt free, you can operate the same on $50k that others needing $150k to $175k do.
 
Finally “arrived” last year and started making a good income for my profession, medicine. It looks like a ton of money on paper until you factor in taxes (CA sucks), student loan payment (4k a month for the next 10 years), rent (again CA sucks, nowhere near able to buy yet), and retirement (a very good thing but cuts way into discretionary income). We’re left with 4-6k a month for living expenses, insurance, basically everything else. No complaining here but also no sheep hunting money either. Currently working extra shifts to save for a down payment.

I sacrificed my 20s and early 30s to get here and often wonder if I should have done a trade and been making decent money since my early 20s and not have the student loan debt.

Absolutely we are comfortable and the long term outlook is very good, just more delayed gratification. the $$$$$ absolutely does not make me any happier than I was making $10/hr in 2012.

And to be fair if we moved away from the coast our financial outlook would immediately improve.

You need to have enough money to avoid certain life stressors but there is a point of diminishing returns I think.


TLDR making 300ish and “living” on 4-6k monthly budget for the foreseeable future.
 
willfrye027 said:
Finally “arrived” last year and started making a good income for my profession, medicine. It looks like a ton of money on paper until you factor in taxes (CA sucks), student loan payment (4k a month for the next 10 years), rent (again CA sucks, nowhere near able to buy yet), and retirement (a very good thing but cuts way into discretionary income). We’re left with 4-6k a month for living expenses, insurance, basically everything else. No complaining here but also no sheep hunting money either. Currently working extra shifts to save for a down payment.

I sacrificed my 20s and early 30s to get here and often wonder if I should have done a trade and been making decent money since my early 20s and not have the student loan debt.

Absolutely we are comfortable and the long term outlook is very good, just more delayed gratification. the $$$$$ absolutely does not make me any happier than I was making $10/hr in 2012.

And to be fair if we moved away from the coast our financial outlook would immediately improve.

You need to have enough money to avoid certain life stressors but there is a point of diminishing returns I think.


TLDR making 300ish and “living” on 4-6k monthly budget for the foreseeable future.
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4K in student loans!!!! for the next 10 years ?!!! jesus christ.
 
CorbLand said:
That is pretty standard for anyone that pursued a degree in the medical field. Especially, if they went the surgeon route.
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At Least its in a good ROI field. I know quite a few people who are in 200K+ student debt because they wanted to do something honorable that doesn't have the ROI of STEM or law or medicine and now live with their parents.
 
Loo.wii said:
4K in student loans!!!! for the next 10 years ?!!! jesus christ.
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Thankfully I refinanced at 2.8% and wasn’t counting on uncle Joe to pay them off for me. So it’ll work out well in the end but certainly painful right now.

Out of state medical school is $$$$$ even with all the interest freezes we had during COVID it adds up fast!
 
Loo.wii said:
At Least it’s in a good ROI field. I know quite a few people who are in 200K+ student debt because they wanted to do something honorable that doesn't have the ROI of STEM or law or medicine and now live with their parents.
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Don’t feel too sorry for me.. during hunting season I can work 10 nights a month and pick my schedule. So I really cannot complain because I chose to prioritize flexibility and time away from work when I went down this path. I’d rather hunt OTC deer all fall than go on one big guided hunt.
 
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