1/3 median home price for area of employment.
this post was submitted on 21 Jan 2024
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I'd be happy with 50k SEK/month after tax with the current inflation.
10,000,000 per year. I could stop working after 1 year and live off the interest and never have to worry about money again.
Even a million would be enough for me there. That would give me average yearly income of 70k. That would maintain my current level of living and I'd probably just keep getting wealthier still.
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I reckon I'd have severely diminishing returns past 6 figures, and I would (and do) trade income for less hours with a better work environment well before that.
$13k/yr post tax, just depends on how much work I'd have to do for it
around three fiddy
I make just over 6 figures (USD) and I'm happy with my salary. Although I am actually underpaid in my field for my experience and don't absolutely love my job, so really I should probably find something else.
I would be much happier with around 140k though.
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300 million per week
$69420
No but seriously, about $70k would make me feel a lot better.
You'll make that easily on the west coast of the US. We have a lot of aerospace and green energy companies, startups and behemoths in the mix.
But... Rent is quite high.
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(sorry for the story)
I think I'm okay. So far I guess. I'm in my first job after grad school and am almost there a year. I was hired at 58,000 but they did an adjustment because retention was so poor and now I make 69,000.
When I was younger I always thought 70k would be the number I would be totally fine with but adjusted for inflation 70k then was a lot more than now.
I had been making about 10k a year before now working fast food while in school. It was a weird feeling for me because I was so happy to pretty much meet my "goal". I thought I would feel so rich after that jump. I have no lifestyle inflation because I live in the same place and drive the same shitty 500 dollar car I have for years.
But for some reason I feel just as poor as I always felt and it feels like nothing changed and it's not going as far as I thought it would. I thought it would be life changing. And it is I suppose but not like I thought.
I feel bad complaining when it's a privilege and many people make worse. Even I made less until recently. The entire system is just fucked and I feel bad for anyone who makes less than me because I still feel pressure and I don't even really have anything.
Sorry if this makes me sound like a piece of shit I'm not trying to come off this way
(sorry for the story)
All good; I'm usually on your side of this interaction.
But for some reason I feel just as poor as I always felt and it feels like nothing changed and it's not going as far as I thought it would.
I mean I made 15k a year doing fast food before I went back to school, and even that was hugely important for me to get my mental health in order. I can't go back now though; too much has changed, and I need to focus on grad school.
I feel bad complaining when it's a privilege and many people make worse.
Don't. It sucks that we have to work at all. You always have a right to vent and be an emotional human no matter how safe your situation actually is relative to others.
Anything over $100k is plenty to live, travel, and invest with if you don't plan on having kids. There's a point where it's time and experiences that are more valuable than the money, so I'd prefer fewer working hours or more engaging work than simply just salary increases. I'm certainly happy to receive bonuses and raises, but as an engineer who has never made under $100k/yr the money doesn't change anything about the way I live and enjoy life (note that I don't have expensive tastes and carefully watch for lifestyle creep).
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Happy as in "all absolutely necessary for survival bills are getting paid on time, all outstanding debts are getting paid down regularly, and I can afford to eat at a restaurant slightly above fast food grade once a month or so?"
$308,740/yr for the first year would do it.
After that I could probably look at halving the salary and live, if not comfortably, at least without constant worry.
Maybe start putting something away so I can retire before I hit 70.
Happiness doesn't come from money, but it sure would reduce stress.
It isn't just the salary though. I am convinced that there is enough wealth to go around so nobody has to live in fear any more.
I could make what I have now if I just had a single family home with an acre for my kids to live in when I’m dead. That’s it.