How much do you have to make to be considered making good money by age?

[unit]

raioh: how many hours a week is that though? most programmers work tons of overtime to acheive those salaries. unless you're talking QA or embedded systems types of positions. then thats understandable.

q0192837465: you're not screwed, you're just not applying yourself. i guarantee if you really try to find jobs for 2-4 months, you can easily double that salary without additional schooling. even telus CSRs make about $20/hr (40k-ish)

trinity's numbers are a little more realistic, but it totally depends on the field.

average pay in the IT field is more like:

22-25 = 30-45k
26-35 = 45-60k
36-45 = 60k-75k

assuming you've been working since you were in your early-mid 20s

[winks]

Originally posted by 7seven
I'm 27, one of my gigs, I'm a private security consultant. My minimum rate is $100/hr, avg is $150/hr., usually when on film productions its around 10hrs a day. My last client signed me to a 6 figure contract for 5 months to work on her 2 latest productions. Also when working on film productions, my clients always give me a wrap gift, I've recieved stuff like vacations, Ipods, $5k+ watches and even a $100k+ car before (the car I couldn't accept).

One of my buddies is 25, stock broker, pulls in about 50k a month.

What do we both have in common, a great client list. In both our professions its all about networking.

i would have accepted the car in a minute

[Raioh]

Originally posted by unit03
raioh: how many hours a week is that though? most programmers work tons of overtime to acheive those salaries. unless you're talking QA or embedded systems types of positions. then thats understandable.

Good point about overtime.

Ironically, most, if not all, of my friends are salaried workers thus they are not paid hourly. That means, no matter how much overtime they do, they don't get paid any extra. They get paid whatever they are quoted as their annual salary.

However, you are right, they do do a lot of over time, no matter if it is in programming, engineering, accounting, etc. Even though they are not getting paid for any of the overtime, they feel compelled to do it, they feel they need to do it. There is a lot of competition between the younger employees, to try to show good performance, to try to impress the higher ups, hoping for the promotions and raises. Other times, they are hit with unrealistic dead lines, etc.

In the end, even if they are getting paid 80k a year, they are only making ~$20/hr when they take into account the overtime.

But is it worth it? That's up to the individual. Some feel that it is worth it, to show better performance than their peers to get that promotion and raise. I think they are pretty crazy.

[Aetios]

There are a lot of jobs out there that are not your regular mainstream occupation, but pay fairly well. You just have to do the research and know the right people.

[6793026]

Originally posted by Z3guy
Hey 6793026

I hate to say it, but you are wrong because when I was 26yrs old I was making 80K+

please specify when you were born. If you were in the computer industry back in 1998 when computers were $2000 for a 400 mhz, 128 ram... then yes, all my co-workers were pulling in 100K and that's just commission.

Originally posted by quasi
Depending on the trade, how good you are and how hard you work you can get into the 100K range within 6 years straight out of high school but it does top out.

again, in the year 2004-2006, being in trades, starting in 2004, you coudl easily make 100 K because of the high level of constructions site openings.

poker player, porn model make over 100 K a year easy which was no where possible 10 years ago when internet was not huge back in the days. people can just make money from just sitting at home and making money off ads on internet.

Originally posted by tiger_handheld
To all the people who said it is possible to make a certain number by a certain age- plz provide some example jobs ( not juss work hard and good attitute - cuz "i" can be a cashier and work hard at my job and it will only get me 8.00/hr .. or i can sell PSP's at bestbuy and earn 9.00 + 10 of PSP commision ) - like they say - talk is cheap :P

real jobs:

cell phone authorized dealers: fido, telus etc.. 17 bucks an hour after 3 years is not an issue.

canadian springs sales, pepsi controller, benson and hedges & roftman's sales: starting 50K.

1800-got junk: one of the top companies to work for. 18 bucks an hour telemarketing

telus burnaby location, tri-lingual phone operator: 19.72 an hour starting part time

JP morgan chase telemarketing upsell. (surrey location) after series of test, i rejected them on the spot. 10 dollars + comission with 1 year Min before you can transfer... great benefit (pensions etc..)

electronic distribution: 36K starting and commission rolls over to approx 70- 80 K no problem.

all these jobs were within 2004-2006 time frame.

[Sketch]

Originally posted by EuroTRASH
yes I'm on track!

gotta love trades!

high-five; want to go make fun of UBC grads who work at starbucks?

[stevenwwjd]

Sounds right..

Then again, its not how much you make its how long you can keep it.

[Meowjin]

I make about 55 k a year while still going to school (turning 20 in a bit).

Have to do alot of shitty jobs though :/

[Meowjin]

Originally posted by sexyaccord
this thread depresses me!

It didn't get Depressing till I read this

Originally posted by 7seven
I'm 27, one of my gigs, I'm a private security consultant. My minimum rate is $100/hr, avg is $150/hr., usually when on film productions its around 10hrs a day. My last client signed me to a 6 figure contract for 5 months to work on her 2 latest productions. Also when working on film productions, my clients always give me a wrap gift, I've recieved stuff like vacations, Ipods, $5k+ watches and even a $100k+ car before (the car I couldn't accept).

One of my buddies is 25, stock broker, pulls in about 50k a month.

What do we both have in common, a great client list. In both our professions its all about networking.

[DownLow]

tiger_handheld,

26 years old, Computer Engineer from UBC

Making 50k / year base plus bonuses/benefits.

2 years ago, bonus was 10k. Last year, 1k.

There might be other higher paying places out there but I think it would be hard to find one that offers more video game competition at lunch.


Another example is nursing, current wage is about $26/hour which works out to about 50k/year. If you time it right with OT/stat holidays, you can make triple time. You also get a really good pension. A nurse retiring right now after working 25 years will be getting about $2000/month in pension which is a hefty sum when you are retired.

But nursing is definitely not for everyone... a few weeks ago my wife was on the DT Eastside giving out MenC injections.


Like Rich said though, it's not always about how much you make, it's about how you make use of the money. I plan to retire at 50 with a sailboat and a couple of houses... rent on the houses will pay for the boat to be shipped to the Mediterranean.

[winson604]

Originally posted by Trinity
More likely...

19 to 22 - 25k to 35k
23 to 26 - 35k to 40k
27 to 33 - 40k to 60k
34 to 37 - 60k to 80k
38+ - 100k+

the entire good money thing is how you see it. Im 24 and im rite on par with these numbers. If we speak statisticlly if your making 35-40 you already above the avg male or female in canada if im not mistaken. Isnt the avg for females like the high 20's and males the low 30's or some shit. I dont remember exact amounts but they were pretty damn low.

[Mananetwork]

Originally posted by 7seven
What do we both have in common, a great client list. In both our professions its all about networking.

Or being at the right place at the right time. What kind of education do you need to be a body guard?! You could have merely bumped into a person at the gym that worked in the industry, or even had a drink with a guy at a bar

[7seven]

Originally posted by Mananetwork
Or being at the right place at the right time. What kind of education do you need to be a body guard?! You could have merely bumped into a person at the gym that worked in the industry, or even had a drink with a guy at a bar

Well peronally for me, I first started out working for Jive Records in their corporate security division back in the day, the starting pay was only $40k USD per year. Thru that I met a lot of actors/artists and such and now I'm privately contracted.

As for education, well I'm trained in shoot/submission fighting, pankration, bjj, Jiu-jitsu, kick boxing and boxing. I also have firearms training with my HSC, CCW, EFP permits. I also train privately once every 3 months with an active LAPD SWAT lieutenant and a retired Mossad agent in tactics and weapons as a refresher.

But you're right, if you want to just be a bodyguard, u could be just a big guy and meet the right person in a gym but if want to be a private security consultant and run things, you'll need some kind of background and the right kind of personal skill to be able to get the hollywood types to trust you with their lives and secrets.

[Gumby]

The way 7seven presents himself online speaks volumes about his character. He writes coherently and isn't arrogant (despite coming into contact with rich & famous people on a regular basis, and having acquired a bit of wealth himself), so it doesn't come as a surprise when he is successful in his chosen profession.

[Mr.HappySilp]

Originally posted by sexyaccord
this thread depresses me!

Same here

[Victoria SiR]

From my personal experience:

19yrs to 22yrs = $40k - $50k

23yrs to 26yrs = $50k - $60k

27yrs to 33yrs = $60k to $70k

Thats with one degree. And in a location where there is a not a lot of work in my field. When I was younger the odds of making the money I was making was slim. but as you get older the masses begin to catch up.

[elly123]

Originally posted by Z3guy
Hi All,

I would like to get RS members opinion about what you consider making good money by age?...here are my thoughts

19yrs to 22yrs = $40k to $60k

23yrs to 26yrs = $60k to $80k

27yrs to 33yrs = $80k to $120k

34yrs to 37yrs = $120k to $200k

38yrs+ = +$200k

Do you think I am out to lunch?

WOW... Well, these figure's aren't impossible... You just got to know how to manage your money... If you save up and get income from other sources like investments (dividends etc.)... its attainable.

[Aetios]

Originally posted by Gumby
The way 7seven presents himself online speaks volumes about his character. He writes coherently and isn't arrogant (despite coming into contact with rich & famous people on a regular basis, and having acquired a bit of wealth himself), so it doesn't come as a surprise when he is successful in his chosen profession.

I agree.

[asian_XL]

I suck balls

My gf:
0-19: zero income
19-24: low four-digit income in these years combined
24~ : 78000cdn a year after tax (of course, not in canada) + a lot of bonus

Me:
0-16: zero income
16-24: stable $12,000 a year
24~: 36000cdn a year
25-28: going to law school hopefully to earn close to her present salary

The story tells you guys "STUDY HARD AT SCHOOL!"

[7seven]

If any of you have access to this weeks Business in Vancouver paper, give it a read. It's their BC's brightest young business stars top Forty under 40. Some of these individuals took nothing more than their ideas and passions and have turned it into thriving businesses. Give it a read, maybe it'll motivate some of you into big dollar ideas.

LOL one of them is a local background actress I work with who took her passion for beauty items, started a side business, only to have it run away into a million dollar idea.

[5ive0]

realistically this thread should be inspiring, not depressing... because everyone advances at different times in their lives. There are people who are doing nothing now and will be incredibly successful in 10 years, and there are people who have made strides early in life that will be doing the same thing 10 years from now.... so you never know.

the key is to use success stories to motivate to pursue your passions, and go forward with what interests you.

I have a great job, lots of flexibility, a high-5-figure salary, that just gets me by (but still feels like nothing). Having said that, i am supremely confident that in the next couple years there will be significant changes ( realistically i have no reasons to be this confident, because my job is stagnant, but i must make it happen)

anyway, I am blabbering but my point is to use these stories to become inspired rather than depressed. and to realize that people excel at different times in their lives, and that fortunes change very quickly. most of us are fairly young (20's) so there is still a lot of time to get into something that brings success.
my 0.02

edited: for my brutal spelling

[FrostyFire]

I got my job when I was 19....$41k a year....I'm 20 now.

[Tapioca]

I don't like sales and I don't have a business person's mentality so I will never make 6 figures nor will I ever be my own boss. I chose the easy way - I became a public servant. It's not working at Starbucks, but I'd say that I make a fairly modest salary. However, the public service is the biggest employer in the country so I have access to all types of jobs down the road. Who knows where I'll end up in 10 years?

[Rhetorical]

^I'm with you Darin. I don't foresee myself getting into sales, marketing, business, etc. I'm happy -- for the time being -- with my current situation as a work-at-home freelance writer. You're making more than me (but not by that much ). BTW, have you moved into the new place yet?

[darnold]

Originally posted by 7seven
Well peronally for me, I first started out working for Jive Records in their corporate security division back in the day, the starting pay was only $40k USD per year. Thru that I met a lot of actors/artists and such and now I'm privately contracted.

As for education, well I'm trained in shoot/submission fighting, pankration, bjj, Jiu-jitsu, kick boxing and boxing. I also have firearms training with my HSC, CCW, EFP permits. I also train privately once every 3 months with an active LAPD SWAT lieutenant and a retired Mossad agent in tactics and weapons as a refresher.

But you're right, if you want to just be a bodyguard, u could be just a big guy and meet the right person in a gym but if want to be a private security consultant and run things, you'll need some kind of background and the right kind of personal skill to be able to get the hollywood types to trust you with their lives and secrets.

That sounds like a very interesting profession, definetly not your run of the mill career.