What age did u break 100k mark?

[markgm]

Maybe they should post it on those forums. I don't want to take investing advice from a guy making $5k a year living in his parents' basement.

 

[EKKC]

no matter how much, it's never enough

 

[Aharami]

Originally posted by: hiromizu
I feel like a total loser here....I never made it there yet

 

[amdskip]

Not even close, I am however graduumatteddd with my degreeee, working on my masters. I wouldn't mind starting up a business someday and make a decent living off of it.

 

[Descartes]

Originally posted by: Special K

Originally posted by: CasioTech

Originally posted by: Special K

Originally posted by: dud
Probably one of the more poorly timed, stupidest thread (even if it's a joke) I've ever seen. Times are tough, people are losing their houses, their jobs and their minds (like the OP). To ask the question assumes that a number of users actually make $100K or more and that they would actually tell you about it.

I have been a member of AT for quite awhile, and I have noticed that threads like this seem to pop up much more often on this forum than on others I frequent. I'm not sure why the members of this board in particular are so obsessed with having dick-measuring contests. This goes for both the members who lie about their job/income/savings and the ones who tell the truth. Both groups seem to have something to prove to everyone else, and/or derive some pleasure from knowing they are better off than others.

I frequent fatwallet and the diehards investment board, two boards devoted to making more money, and yet the members there are much more tactful when it comes to discussing these topics.

define 'much more tactful?'

most AT members don't have the looks thing going for them, so they try to measure their success in gold.

By "much more tactful", I mean the members do not start threads or make posts blatantly asking how much money people make, how much money they have in their investment/retirement accounts, how much their house is worth, etc., despite the fact that the overall theme of the board is sharing investment strategies.

Because asking about money in a finance forum would be like going to a small business meeting and asking who owns a business. ATOT is a much wider demographic, encompassing people of a lot more backgrounds that could provide input into a question.

In my line of work, income is discussed on a regular basis between friends and colleagues. People that achieve success are congratulated, ideas are exchanged and people move on. I only wish ATOT could have the same; some people have achieved a fair degree of success, and it would be nice to share thoughts on that subject. I've spoken with quite a few successful ATOTers before, and everyone is openly willing to share such information.

For my part though, I should have learned my lesson and stopped participating in these types of threads.

 

[Mo0o]

Originally posted by: Descartes

Originally posted by: Special K

Originally posted by: CasioTech

Originally posted by: Special K

Originally posted by: dud
Probably one of the more poorly timed, stupidest thread (even if it's a joke) I've ever seen. Times are tough, people are losing their houses, their jobs and their minds (like the OP). To ask the question assumes that a number of users actually make $100K or more and that they would actually tell you about it.

I have been a member of AT for quite awhile, and I have noticed that threads like this seem to pop up much more often on this forum than on others I frequent. I'm not sure why the members of this board in particular are so obsessed with having dick-measuring contests. This goes for both the members who lie about their job/income/savings and the ones who tell the truth. Both groups seem to have something to prove to everyone else, and/or derive some pleasure from knowing they are better off than others.

I frequent fatwallet and the diehards investment board, two boards devoted to making more money, and yet the members there are much more tactful when it comes to discussing these topics.

define 'much more tactful?'

most AT members don't have the looks thing going for them, so they try to measure their success in gold.

By "much more tactful", I mean the members do not start threads or make posts blatantly asking how much money people make, how much money they have in their investment/retirement accounts, how much their house is worth, etc., despite the fact that the overall theme of the board is sharing investment strategies.

Because asking about money in a finance forum would be like going to a small business meeting and asking who owns a business. ATOT is a much wider demographic, encompassing people of a lot more backgrounds that could provide input into a question.

In my line of work, income is discussed on a regular basis between friends and colleagues. People that achieve success are congratulated, ideas are exchanged and people move on. I only wish ATOT could have the same; some people have achieved a fair degree of success, and it would be nice to share thoughts on that subject. I've spoken with quite a few successful ATOTers before, and everyone is openly willing to share such information.

For my part though, I should have learned my lesson and stopped participating in these types of threads.

Probably a lot of jealousy out there when someone is doing well, like all the Azurik hate when he siad he has an Amex Black. Seems to me, people making decent money and are satisfied with their income could not care less what other peopel are saying about each others earnings.

 

[CasioTech]

link to said AmEx black?

 

[hiromizu]

Originally posted by: CasioTech
link to said AmEx black?

It's a black anodized titanium Amex card linked to a Centurion account. You need to spend about $150,000 annually. There's also about a $2500 annual fee.

 

[Special K]

Originally posted by: Descartes

Originally posted by: Special K

Originally posted by: CasioTech

Originally posted by: Special K

Originally posted by: dud
Probably one of the more poorly timed, stupidest thread (even if it's a joke) I've ever seen. Times are tough, people are losing their houses, their jobs and their minds (like the OP). To ask the question assumes that a number of users actually make $100K or more and that they would actually tell you about it.

I have been a member of AT for quite awhile, and I have noticed that threads like this seem to pop up much more often on this forum than on others I frequent. I'm not sure why the members of this board in particular are so obsessed with having dick-measuring contests. This goes for both the members who lie about their job/income/savings and the ones who tell the truth. Both groups seem to have something to prove to everyone else, and/or derive some pleasure from knowing they are better off than others.

I frequent fatwallet and the diehards investment board, two boards devoted to making more money, and yet the members there are much more tactful when it comes to discussing these topics.

define 'much more tactful?'

most AT members don't have the looks thing going for them, so they try to measure their success in gold.

By "much more tactful", I mean the members do not start threads or make posts blatantly asking how much money people make, how much money they have in their investment/retirement accounts, how much their house is worth, etc., despite the fact that the overall theme of the board is sharing investment strategies.

Because asking about money in a finance forum would be like going to a small business meeting and asking who owns a business. ATOT is a much wider demographic, encompassing people of a lot more backgrounds that could provide input into a question.

In my line of work, income is discussed on a regular basis between friends and colleagues. People that achieve success are congratulated, ideas are exchanged and people move on. I only wish ATOT could have the same; some people have achieved a fair degree of success, and it would be nice to share thoughts on that subject. I've spoken with quite a few successful ATOTers before, and everyone is openly willing to share such information.

For my part though, I should have learned my lesson and stopped participating in these types of threads.

I see your point, but you have to realize that one does not need to have a high income or be a business owner to be a successful investor. Being successful at investing (not trading, but long-term investing) has more to do with discipline than anything else. Once one learns some basic principles of investing - asset allocation, expense ratios, stocks vs. bonds, risk, tax implications - the rest more or less boils down to having the resolve to save and stick to a plan for decades. As such, many successful investors do not have very high incomes, and work in everyday occupations. Of course, there are also successful investors on that forum who are business owners and likely do have a very high income in addition to being a successful investor. My point though is that a high income is certainly not required to be a successful investor, and the members on that board do not discuss it explicitly like they do here.

I recognize the value in sharing successful experiences, in the hopes that such talk might benefit other members. However, I believe this discussion will be of limited usefulness and will serve only to make people bitter and jealous. The reason is that the paths taken by people with a certain level of income often cannot be broken down into meaningful advice. For example: a member on here may have been very successful at founding a business, but could they give advice to someone such that that person could go out and duplicate the results if they were only willing to put in the time? I think not. Could a CEO provide a roadmap to a new entry-level employee on how to become CEO? I would argue no.

Alternately, let's consider higher income positions that do have well defined paths. Let's say a neurosurgeon posts on a message board that they make $1 million/year. I have no idea if that figure is accurate, but it wouldn't surprise me. Now let's suppose other members are interested to learn how they too can become neurosurgeons. The neurosurgeon could probably write a step-by-step process that would go something like this:

1. Obtain excellent grades in undergrad
2. Apply for and gain acceptance to medical school
3. Obtain excellent grades in medical school
4. Apply for and complete residency/fellowship/specialty training in surgery, neurosurgery, etc.
5. Obtain employment at a hospital or start private practice
6. Profit

In this case, the steps are pretty well defined, but how many people would even be capable of completing all of them, regardless of how "hard" they worked?

My post is long, but I am genuinely interested to hear some replies to the above.

 

[jonks]

32

 

[microAmp]

Originally posted by: CasioTech
link to said AmEx black?

http://en.wikipedia.org/wiki/Centurion_Card

 

[Chunkee]

sorry, i meant no yearly tax on vehicles, boats etc...we do have property tax on houses. no state tax... sales tax is high...but cost of living is very low around here..

just be happy peoples...and money has nothing to do with it...

jC

 

[maziwanka]

Originally posted by: maddogchen
you're insecure about your income because you haven't broken 100k? Get real man.

yea seriously.

 

[maziwanka]

Originally posted by: Chunkee
sorry, i meant no yearly tax on vehicles, boats etc...we do have property tax on houses. no state tax... sales tax is high...but cost of living is very low around here..

just be happy peoples...and money has nothing to do with it...

jC

also, this is only true if you have some cash. money definitely has something to do with happiness. there's just a point after which money and happiness aren't correlated at all.

 

[bonkers325]

in 5 years time, probably

 

[AndrewR]

If I make the promotion I should get in the next year or so, I'll hit that mark at around age 40 (4 years). If my wife gets a job when our daughter starts school, then we'll be sitting pretty.

We're comfortable right now though with not enough slack for my comfort.

 

[Bignate603]

Hopefully in the next 3 years my wife and I will make $100k combined. I'll be 27, she'll be 24.

 

[PricklyPete]

A good article why this "benchmark" is nonsense:

CNN Article

The average amount a police officer is making in Valejo county is $130K? The average where I live in SC is no more than $40K. That is a huge difference and other living expenses like homes, etc are equally inexpensive in comparison.

 

[AlienCraft]

I was 30, it was in the '80s. and we snorted most of it. The rest we ate and drank with.
And by "we" I mean my GF and I and the various and sundry people who rolled in and out of our lives back then.

 

[dingnecros]

Originally posted by: PricklyPete
A good article why this "benchmark" is nonsense:

CNN Article

The average amount a police officer is making in Valejo county is $130K? The average where I live in SC is no more than $40K. That is a huge difference and other living expenses like homes, etc are equally inexpensive in comparison.

Funny you posted this article I was having a discussion about this with one of my colleagues at work

 

[dingnecros]

Originally posted by: AlienCraft
I was 30, it was in the '80s. and we snorted most of it. The rest we ate and drank with.
And by "we" I mean my GF and I and the various and sundry people who rolled in and out of our lives back then.

what/where were you working then?? and how much do u make now?? + waht do u do for a living??

 

[wetcat007]

Originally posted by: Deeko
You realize that the majority of American HOUSEHOLDS don't hit 100k, right?

The majority of households aren't on ATOT lol

 

[Polish3d]

Originally posted by: TheVrolok
lol, I love it when these threads pop up on ATOT. It's way too late for all the 23-27 year olds to pop on and talk about how they're all making 250+ with supermodel wives and sports cars.

I was about to correct you for my case, but noticed you had already pluralized wive(s) and sports car(s)

 

[Koing]

Originally posted by: Mo0o
Probably a lot of jealousy out there when someone is doing well, like all the Azurik hate when he siad he has an Amex Black. Seems to me, people making decent money and are satisfied with their income could not care less what other peopel are saying about each others earnings.

For people that are successful off their own backs or with a bit of luck I congratulate. Theres no need to be jealous or hostile. Just work hard, do a bit of research and you should get a bit lucky and you can make some good £££. Some fields do not lend themselves to making more money but who really cares? If you ENJOY your field live with that. But it's ashame some fields do not make more money as I would have been interested in other fields also.

Originally posted by: EKKC
no matter how much, it's never enough

Live within your means.

First job I earnt about a 1/3 of what I do now. I lived at home and I lived okay. If I wanted to spend stuff I did, but the bigger stuff I would have to save up for.

Originally posted by: Polish3d

Originally posted by: TheVrolok
lol, I love it when these threads pop up on ATOT. It's way too late for all the 23-27 year olds to pop on and talk about how they're all making 250+ with supermodel wives and sports cars.

I was about to correct you for my case, but noticed you had already pluralized wive(s) and sports car(s)

The point is, we have some very succesful people on AT. Descartes and Aurik come to mind and there are plenty of others in different areas of life.

Koing

 

[StageLeft]

No age. I imagine I could get another job right now and get that with some extra time/effort, but for now my job is great and my income lets me do what I want. If I felt insecure about it, I'd not advertise it, but chasing after endless increases in income is a sorry way to live and won't lead to meaning.

These are 24-26 year olds just out of school.

I know a couple of them and their lives are fvcking pathetic, just discraceful. The hours a fresh lawyer works out of school at firms that pay well are shameful and I condemn that a person would even waste that much of their life for money. One fellow works 6-7 days/week, 12-16 hour days and has so little free time that it doesn't matter how much money he makes. His brother, also with a law degree, saw this and decided instead to go to a university and teach there, where he basically doesn't work at all (professors really don't!), makes less than 100k/year, and made a MUCH better decision. He has a life; his wealthy brother doesn't.

You cannot bring your money with you when you die, your kids don't get old twice, and neither do you. You don't need vast sums to be happy. I am exceptionally contented with my situation despite not chasing endlessly after money. Avarice is no path to happiness. I wish more could see it and were not so spiritually baren.