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nov04libride
big brother <3
Member since 5/05 14672 total posts
Name:
Me
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Re: "Well paying jobs"
Posted by Beth1210
Posted by dm24angel
Im not "young" at all and I think $125K a year for one person is a fortune......
And Kinda feel anyone who doesnt is off their rocker....
Unless they have lived a very well to do lifestyle previously and to me with more then $125K a year that would mean , huge home, designer clothes and fancy cars...
because I could afford all of that on that salary.
for 1 person you would be living well- but not in a huge a house, with a mercedes payment and shopping every weekend
most likley a nice condo or co-op, and $50K car and some shopping at bloomies- but not all designer- there is no way
My brother graduated law school last spring and is making a considerable amount more than that, and believe me, he is not living the high life in NYC. He rents his own apt., but it doesn't go far in the city. Or is that take home? Because as a single person with that salary he is taxed a very high amount.
Message edited 4/15/2007 8:59:10 PM.
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Posted 4/15/07 8:58 PM  |
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Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Re: "Well paying jobs"
My co-worker's son is about 28 years old. He just got a new job and it was considerably more than he made before.
He is looking for his own apt and he can't afford $2500.mo. Jeez, that's a mortgage payment. His parents have to help him.. I think he makes about $75K a year.
I consider that a well paying job, but when a studio apt is $2500/mo..how good is it?
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| Posted 4/15/07 9:32 PM |
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monkeybride
My Everything
Member since 5/05 20541 total posts
Name:
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Re: "Well paying jobs"
Posted by dm24angel
Posted by Beth1210
Posted by JenniferEver
I, too, make less than half of the bottomn number, but compared to how much I was making in theatre, I feel RICH now. I think I have a really decent job with a decent salary.
But I still think the number with the WOW factor for me, personally is $50K. Fh has always made more than that...but to me $125K is a fortune and what I would consider someone who is "rich." It's amazing how much perspectives differ
Jennifer- remember you are young and just starting out- when I was your age I was making 1/2 what I make 5 years later-so for you to compare yourself to people that have been working for years- it isn't fair to yourself
Im not "young" at all and I think $125K a year for one person is a fortune......
And Kinda feel anyone who doesnt is off their rocker....
Unless they have lived a very well to do lifestyle previously and to me with more then $125K a year that would mean , huge home, designer clothes and fancy cars...
because I could afford all of that on that salary.
Really? What's your secret?
Do you have student loans to pay off? a mortgage? a car payment? I mean this stuff adds up.
Our bills alone are almost 4K a month (mortgage, utilities, insurance, car payment (and it's a cheap asss car) etc.)
I don't wear designer clothes, I cut coupons and we don't eat out often AND we don't even live in NY anymore.
125K in this day and age is not rich, I'm sorry.
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| Posted 4/15/07 9:33 PM |
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Re: "Well paying jobs"
Posted by monkeybride
Posted by dm24angel
Posted by Beth1210
Posted by JenniferEver
I, too, make less than half of the bottomn number, but compared to how much I was making in theatre, I feel RICH now. I think I have a really decent job with a decent salary.
But I still think the number with the WOW factor for me, personally is $50K. Fh has always made more than that...but to me $125K is a fortune and what I would consider someone who is "rich." It's amazing how much perspectives differ
Jennifer- remember you are young and just starting out- when I was your age I was making 1/2 what I make 5 years later-so for you to compare yourself to people that have been working for years- it isn't fair to yourself
Im not "young" at all and I think $125K a year for one person is a fortune......
And Kinda feel anyone who doesnt is off their rocker....
Unless they have lived a very well to do lifestyle previously and to me with more then $125K a year that would mean , huge home, designer clothes and fancy cars...
because I could afford all of that on that salary.
Really? What's your secret?
Do you have student loans to pay off? a mortgage? a car payment? I mean this stuff adds up.
Our bills alone are almost 4K a month (mortgage, utilities, insurance, car payment (and it's a cheap asss car) etc.)
I don't wear designer clothes, I cut coupons and we don't eat out often AND we don't even live in NY anymore.
125K in this day and age is not rich, I'm sorry.
125K is not rich and I don't think that it could buy a huge house, designer clothes and a fancy car--at least not comfortably and not with going out to eat, or vacations. However, it is livable, especially for one person.
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| Posted 4/15/07 10:43 PM |
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Alli06
Baby #3 coming this June
Member since 8/05 6721 total posts
Name:
A
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Re: "Well paying jobs"
Posted by dm24angel
Posted by Beth1210
Posted by JenniferEver
I, too, make less than half of the bottomn number, but compared to how much I was making in theatre, I feel RICH now. I think I have a really decent job with a decent salary.
But I still think the number with the WOW factor for me, personally is $50K. Fh has always made more than that...but to me $125K is a fortune and what I would consider someone who is "rich." It's amazing how much perspectives differ
Jennifer- remember you are young and just starting out- when I was your age I was making 1/2 what I make 5 years later-so for you to compare yourself to people that have been working for years- it isn't fair to yourself
Im not "young" at all and I think $125K a year for one person is a fortune......
And Kinda feel anyone who doesnt is off their rocker....
Unless they have lived a very well to do lifestyle previously and to me with more then $125K a year that would mean , huge home, designer clothes and fancy cars...
because I could afford all of that on that salary.
I completely agree!! If Dh and I where making 125k each, 250k combined, we would be living the good life. 250k is a Heck of a lot of money. You could do very well on LI with that. I consider 75k to be a very good salary. I don't get it! I thought DH and I where doing okay, but in regards to many LIF members, we should be sitting on a street corner begging for money. Sometimes I wish I didn't read some of these post, because it makes me feel like all the schooling DH and I did to get our jobs means nothing.
Message edited 4/15/2007 11:31:29 PM.
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| Posted 4/15/07 11:30 PM |
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MrsT
Enjoying wedded bliss.....
Member since 4/06 1323 total posts
Name:
Katrina
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Re: "Well paying jobs"
$125K in NYC/LI is not rich especially when you consider that most people making such salaries have student loans in excess of $60K. First year JD's are making $125K at private firms (some are making $145K+). It seems like a ton of money until you figure in the student loans and living expenses in NYC.
I know several people making $125K+ in NYC and none of them have huge homes, expensive cars or designer clothes. A few rent, a few own but not huge homes - more like comfortable 1 & 2 bedroom apartments. And only 2 have cars - an older Nissan and a Ford Freestyle. And I don't think any of them own a designer bag or designer clothes - not that I've seen at least and I have been in all of their closests recently.
Also, when you figure in the cost of housing in NYC $125K does not get you far. A former close friend paid $569K for her place 2 years ago - a 700 sq ft. apartment on the Upper West Side of Manhattan - and it needed work She is single and clears over $125K but with her tax rate (no kids), mortgage payment and student loans she can't buy a car. If she did that would add not only the car payment and the insane insurance payment but also the monthly garage expense of at least $300/month (probably more by now).
She does have a few designer bags and shoes but for the most part she is a frugal shopper. In fact, when we did shop together we usually ended up at Banana Republic or some place similar that carries a long pant (she's tall) or maybe Macy's or Bloomingdale's a few times.
$125K would take you a long way in TX, NC, GA and VA + a ton of other places that do not have $2,500 one bedroom apartment rentals going like hot cakes. However, in NYC $125K does not get you very far if you have significant rent/mortgage & student loan payments on top of normal bills.
That is why so many people live in NYC to make money, bank as much as possible and then they move once they have kids.
Message edited 4/16/2007 10:52:26 PM.
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| Posted 4/16/07 2:57 AM |
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MissJones
I need a nap!
Member since 5/05 22136 total posts
Name:
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Re: "Well paying jobs"
Posted by Alli06
I completely agree!! If Dh and I where making 125k each, 250k combined, we would be living the good life. 250k is a Heck of a lot of money. You could do very well on LI with that. I consider 75k to be a very good salary. I don't get it! I thought DH and I where doing okay, but in regards to many LIF members, we should be sitting on a street corner begging for money. Sometimes I wish I didn't read some of these post, because it makes me feel like all the schooling DH and I did to get our jobs means nothing.
I completely agree. Also, it's amazing that people our age have trouble discerning between needs and wants. Do we NEED designer clothing? Do we NEED fancy cars? Has everyone forgotten to struggle a bit? I'm sorry, but the values being thrown out here are values that are for lives of luxury. If you HAD to, everyone here could get by on a lot less, trust me. It's all about what people are NOT willing to sacrifice. I may be in the minority here, but think of all the immigrants who are here. They'd give their right AND left friggin arms to be making 125K a year. 
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| Posted 4/16/07 6:24 AM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: "Well paying jobs"
Posted by MissJones
Posted by Alli06
I completely agree!! If Dh and I where making 125k each, 250k combined, we would be living the good life. 250k is a Heck of a lot of money. You could do very well on LI with that. I consider 75k to be a very good salary. I don't get it! I thought DH and I where doing okay, but in regards to many LIF members, we should be sitting on a street corner begging for money. Sometimes I wish I didn't read some of these post, because it makes me feel like all the schooling DH and I did to get our jobs means nothing.
I completely agree. Also, it's amazing that people our age have trouble discerning between needs and wants. Do we NEED designer clothing? Do we NEED fancy cars? Has everyone forgotten to struggle a bit? I'm sorry, but the values being thrown out here are values that are for lives of luxury. If you HAD to, everyone here could get by on a lot less, trust me. It's all about what people are NOT willing to sacrifice. I may be in the minority here, but think of all the immigrants who are here. They'd give their right AND left friggin arms to be making 125K a year.
we were talking about $125K for a single person- is way different then $250K combined
a single person pays higher taxes and I bet they spend more b/c they are single- esp. living around here- going out in NYC for a weekend could easliy run over $500-
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| Posted 4/16/07 9:51 AM |
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nov04libride
big brother <3
Member since 5/05 14672 total posts
Name:
Me
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Re: "Well paying jobs"
Posted by Alli06
Sometimes I wish I didn't read some of these post, because it makes me feel like all the schooling DH and I did to get our jobs means nothing.
I've been in school forever, but I really don't think there is a correlation between schooling and money. I am ABD for my doctorate (finishing next May, just working on dissertation), and I did it knowing that I am in a field where I will never make TONS of money. I'll be fine, but not loaded. My friends who are teachers, social workers, etc., all went to school but will probably not make as much as car mechanics or my hair dresser. It's just the field we chose, and I have no regrets, but if I kept going to school thinking it would get me tons of money I would be pretty upset right now.
Message edited 4/16/2007 9:58:05 AM.
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| Posted 4/16/07 9:57 AM |
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Bxgell2
Perfection
Member since 5/05 16438 total posts
Name:
Beth
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Re: "Well paying jobs"
Just to add my 2 cents... I used to think $100k salary was AMAZING, and that anyone could live comfortably on that (amazing I used to think that considering I grew up in Great Neck).
Now that I'm older, with a daughter, student loans, a husband and a house, my perspective has changed. $100,000 a year, equates to what? About $4500 a month take home pay (depending on how much you put into your 401k and how much you pay for medical insurance).
When you add up the cost of a mortgage ($1600) plus taxes ($1000k) plus energy/gas ($750) plus student loans ($300) plus car insurance ($200) plus life insurance ($200) plus cable/phone ($200) plus 529 money for my daughter to go to college ($200) plus daycare FOR JUST ONE CHILD ($1000), you see that we would already be in the red by about $1000 a month, and that doesn't include any kind of car payment (which, thankfully, we don't have) or, any of the basic necessities like food, clothes, gas, etc.
So, while some of the amounts we are throwing around on this forum *seem* like a lot, in reality, they really aren't.
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| Posted 4/16/07 10:17 AM |
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KGools
Happy
Member since 9/06 9532 total posts
Name:
Kim
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Re: "Well paying jobs"
Posted by Joanna
In my opinion, it seems that the more money you have, the more money you spend, it's all relative.
I totally agree with this. I know people who alone make what FH and I make combined and they are still living hand to mouth.
I also think that any of those salaries are well paying. Again, it's all relative. What one person might consider poverty stricken, another person will consider well off..
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| Posted 4/16/07 10:21 AM |
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hazeleyes33
LIF Adult
Member since 5/05 13060 total posts
Name:
Ginger
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Re: "Well paying jobs"
Posted by Michelle1123
Considering I make almost half of the lowest one on there, I consider that one to be well-paying.....
ETA: y husband also makes less than the bottom #. We own our own house on LI (it may be tiny but its still a house), have 2 kids, have two car payments. And we are getting by - barely - but getting by all the same.
$75k is like a dream to me!
I'm right with you. I don't even want to tell you what our combined comes in on that list!! I feel sooooo poor compared to everyone else but since we bought many years ago, we are able to have a house, 2 kids and 2 cars. There isn't much money left but we also don't have a huge house that is taking all the money. I live in a house that is considered a "starter" house and will be staying here for the long haul. Why should I get something bigger so I can have bigger bills? I would rather do something else with the money than give it to LIPA.
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| Posted 4/16/07 10:26 AM |
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leighdvm
My golden boys!
Member since 3/06 4419 total posts
Name:
Michele
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Re: "Well paying jobs"
I can only speak for myself here.......
I live in NC, and we figured out how much of a salary we would need to pay our bills and have money left over for leisure:
$65,000 per year total.......
That being said, any of the amounts listed in your poll would be a "well-paying job"......at least, for Clayton, North Carolina standards.....
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| Posted 4/16/07 11:01 AM |
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hazeleyes33
LIF Adult
Member since 5/05 13060 total posts
Name:
Ginger
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Re: "Well paying jobs"
Posted by leighdvm
I can only speak for myself here.......
I live in NC, and we figured out how much of a salary we would need to pay our bills and have money left over for leisure:
$65,000 per year total.......
That being said, any of the amounts listed in your poll would be a "well-paying job"......at least, for Clayton, North Carolina standards.....
And..... many other states.
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| Posted 4/16/07 11:04 AM |
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JenniferEver
The Disney Lady
Member since 5/05 18163 total posts
Name:
Jennifer
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Re: "Well paying jobs"
I know I'm young, and believe me I don't want to be making what I'm making now forever, but I lived in a 1 income household and my dad at his highest made under $60K and we lived on it. We have a nice house and cable TV. We keep cars for 15 years and only go shopping out of need, but we survived on it. My parents raised and put 2 kids through private colleges on less than that. And they bought/helped us each buy brand new cars when we went to college.
When my dad went from making $45K to $60K, we were jumping for joy.
My parents did not go to college, so there was never any hope of coming close to $100K. But amazingly, they were able to sacrifice and put their own children through college. My sister went to catholic school for 16 years. I started in Catholic school but went to public school by choice, if I had wanted to stay in Catholic school they would have found a way to do that.
I sometimes think people's standards are just so high and they don't even realize it.
For example, I soent about $1000 on clothes for work. It's most of a wardrobe and I'll keep building on it. I feel like it's an absolutel fortune to spend, but some people go shopping for fun on a weekend and drop a few hundred bucks. I've never experienced that, excpet for a short while when FH was making 6 figures. Also, when I graduated college I bought myself a $400 handbag. I just wanted to be able to have something nice.
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| Posted 4/16/07 11:16 AM |
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nov04libride
big brother <3
Member since 5/05 14672 total posts
Name:
Me
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Re: "Well paying jobs"
Posted by JenniferEver
I know I'm young, and believe me I don't want to be making what I'm making now forever, but I lived in a 1 income household and my dad at his highest made under $60K and we lived on it. We have a nice house and cable TV. We keep cars for 15 years and only go shopping out of need, but we survived on it. My parents raised and put 2 kids through private colleges on less than that. And they bought/helped us each buy brand new cars when we went to college.
When my dad went from making $45K to $60K, we were jumping for joy.
My parents did not go to college, so there was never any hope of coming close to $100K. But amazingly, they were able to sacrifice and put their own children through college. My sister went to catholic school for 16 years. I started in Catholic school but went to public school by choice, if I had wanted to stay in Catholic school they would have found a way to do that.
I sometimes think people's standards are just so high and they don't even realize it.
For example, I soent about $1000 on clothes for work. It's most of a wardrobe and I'll keep building on it. I feel like it's an absolutel fortune to spend, but some people go shopping for fun on a weekend and drop a few hundred bucks. I've never experienced that, excpet for a short while when FH was making 6 figures. Also, when I graduated college I bought myself a $400 handbag. I just wanted to be able to have something nice.
House prices have risen much more quickly than income levels though. My parents were able to buy a house in Smithtown cash 30 years ago when the price was the equivalent of one year salary combined in the same field I am in. It just isn't the same these days. The same house that went for $25,000 is now $550,000. I don't imagine we will get a great house...A 3 bedroom, 1 bath ranch most likely, but we're looking at spending at least $400,000 for that. I agree though--my family made sacrifices, and my parents shared a car to save for a house which is now virtually unheard of...But the housing market was so much better back then.
Message edited 4/16/2007 11:25:56 AM.
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| Posted 4/16/07 11:24 AM |
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QuoteTheRaven424
22 Months?!!!!
Member since 5/05 13659 total posts
Name:
And If That Isn't A True Blue Miracle
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Re: "Well paying jobs"
"I sometimes think people's standards are just so high and they don't even realize it."
I agree completely!!!
It's not how much you make - it's how you manage your money.
Some could live a very nice life on $100K a year.
Some could live well on $60K a year.
It all depends on the quality and standard of life that you want and what's most important to you.
My father didn't make a ton of money growing up - but he managed 2 vacations each year. I never was deprived of anything. I may not have gotten the hot new toy the second it came out, but I wasn't deprived.
Well-paying is relative.
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| Posted 4/16/07 11:25 AM |
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MichaelsMommy
Love my son!
Member since 6/05 1468 total posts
Name:
Lauren
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Re: "Well paying jobs"
For me "well paying" is enough for me to stay home full time and not have to worry about going into debt because I stopped working...
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| Posted 4/16/07 11:26 AM |
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hazeleyes33
LIF Adult
Member since 5/05 13060 total posts
Name:
Ginger
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Re: "Well paying jobs"
Posted by JenniferEver
I know I'm young, and believe me I don't want to be making what I'm making now forever, but I lived in a 1 income household and my dad at his highest made under $60K and we lived on it. We have a nice house and cable TV. We keep cars for 15 years and only go shopping out of need, but we survived on it. My parents raised and put 2 kids through private colleges on less than that. And they bought/helped us each buy brand new cars when we went to college.
When my dad went from making $45K to $60K, we were jumping for joy.
My parents did not go to college, so there was never any hope of coming close to $100K. But amazingly, they were able to sacrifice and put their own children through college. My sister went to catholic school for 16 years. I started in Catholic school but went to public school by choice, if I had wanted to stay in Catholic school they would have found a way to do that.
I sometimes think people's standards are just so high and they don't even realize it.
For example, I soent about $1000 on clothes for work. It's most of a wardrobe and I'll keep building on it. I feel like it's an absolutel fortune to spend, but some people go shopping for fun on a weekend and drop a few hundred bucks. I've never experienced that, excpet for a short while when FH was making 6 figures. Also, when I graduated college I bought myself a $400 handbag. I just wanted to be able to have something nice.
I have to agree with you. My dh and I live on less than alot of people (we are in the lowest part of this poll) and still are able to pay our bills on time. Yes, we bought our house awhile ago but we do have cc debt and kids in daycare that kills us as we would have alot more spending and saving money. We don't go on vacations and don't go out alot of places because we can not budget it in.
Even though it is nice to have money, as you can see, even people think over $100,000 is not good which makes us "poor" people happier than the "rich".
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| Posted 4/16/07 11:27 AM |
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Marcie
Complete Happiness :)
Member since 5/05 27789 total posts
Name:
LOVE being a Mommy!
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Re: "Well paying jobs"
Posted by QuoteTheRaven424
"I sometimes think people's standards are just so high and they don't even realize it."
I agree completely!!!
It's not how much you make - it's how you manage your money.
Some could live a very nice life on $100K a year.
Some could live well on $60K a year.
It all depends on the quality and standard of life that you want and what's most important to you.
My father didn't make a ton of money growing up - but he managed 2 vacations each year. I never was deprived of anything. I may not have gotten the hot new toy the second it came out, but I wasn't deprived.
Well-paying is relative.
Completely Agree 
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| Posted 4/16/07 11:28 AM |
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dpli
Daylight savings :)
Member since 5/05 13973 total posts
Name:
D
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Re: "Well paying jobs"
Posted by MichaelsMommy
For me "well paying" is enough for me to stay home full time and not have to worry about going into debt because I stopped working...
This is along the lines of what I think - enough that we could live on one person's salary and be able to buy a house. Unfortunately, at this time, on Long Island, I do think that is at least $100k.
I do think it is relative, too, however. For someone my age, with the level of education I have, my definition of "well-paid" is going to be different from what other people think. I will say though, that although DH and I do pretty well, and we are in a higher tax bracket, I still wouldn't spend what I see other people on this site say they spend for things. I just don't think it makes sense.
Message edited 4/16/2007 11:32:36 AM.
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| Posted 4/16/07 11:30 AM |
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QuoteTheRaven424
22 Months?!!!!
Member since 5/05 13659 total posts
Name:
And If That Isn't A True Blue Miracle
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Re: "Well paying jobs"
and having alot of money DOES come at a price
so, maybe you make the big paycheck, have the big house and the shiny cars in the driveway.
What do you have to do to make that kind of money?
Working round the clock, never seeing your family?
No thank you.
All the money in the world is meaningless to me IF it effects the things that are more important.
Notice the word, "IF" - i am not saying that it ALWAYS does. I'm saying that it can happen IN SOME CASES.
Message edited 4/16/2007 12:00:05 PM.
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| Posted 4/16/07 11:31 AM |
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MsG
Should be working
Member since 5/05 2824 total posts
Name:
G
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Re: "Well paying jobs"
I think it's pointless to compare how our parents lived to how we live today. Salaries are not keeping up with cost of living. Plus many people are burdened by huge student loans b/c college costs have skyrocketed - again, outpacing inflation.
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| Posted 4/16/07 11:34 AM |
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Hi-Fi55
12 years...wow....
Member since 2/06 2984 total posts
Name:
Dianne
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Re: "Well paying jobs"
Posted by Marcie
Posted by QuoteTheRaven424
"I sometimes think people's standards are just so high and they don't even realize it."
I agree completely!!!
It's not how much you make - it's how you manage your money.
Some could live a very nice life on $100K a year.
Some could live well on $60K a year.
It all depends on the quality and standard of life that you want and what's most important to you.
My father didn't make a ton of money growing up - but he managed 2 vacations each year. I never was deprived of anything. I may not have gotten the hot new toy the second it came out, but I wasn't deprived.
Well-paying is relative.
Completely Agree
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| Posted 4/16/07 11:38 AM |
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lululu
LIF Adult
Member since 7/05 9511 total posts
Name:
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Re: "Well paying jobs"
This is my view. A job that pays $125k is a well paying job, but depending on other factors, that may or may not be enough to live a good life on long island. If you have student loans, and you dont already own a house, it would take a very long time to get by while still saving up for the down payment on a nice home.
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| Posted 4/16/07 11:42 AM |
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