Is ur job lucrative?.....

  • TannerMasseur

    Posts: 7893

    Mar 18, 2014 9:49 AM GMT
    Does ur job pay well or do u live from paycheck to paycheck? Do u have money saved or invested or are u stuck in a never-ending cycle of catch-up with just enough to pay the monthly bills?.....
  • Posted by a hidden member.
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    Mar 18, 2014 3:30 PM GMT
    Started at the bottom (very bottom), worked my way up. I feel I'm paid a fair wage. I saved. I invested. I'm close to retirement and I don't live paycheck to paycheck. I have money set aside for a rainy day too.

    Too many people don't even think about their financial future until it's too late. I know so many people that live paycheck to paycheck with on small issue potentially doing them in.

    Save some money folks….you'll be glad you gave up that Starbucks once a week to have the money available when times get tough!
  • Svnw688

    Posts: 3350

    Mar 18, 2014 4:10 PM GMT
    eb925guy saidStarted at the bottom (very bottom), worked my way up. I feel I'm paid a fair wage. I saved. I invested. I'm close to retirement and I don't live paycheck to paycheck. I have money set aside for a rainy day too.

    Too many people don't even think about their financial future until it's too late. I know so many people that live paycheck to paycheck with on small issue potentially doing them in.

    Save some money folks….you'll be glad you gave up that Starbucks once a week to have the money available when times get tough!


    I've said it before and I'll say it again, Eb925guy is wise. What he said times 10.

    And I'm a lawyer, and it's a nice six figure salary, but taxes take half, NYC rent isn't cheap, and I had six figures in student debt. So there are pluses and minuses in my case. But I'm happy.
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    Mar 18, 2014 4:54 PM GMT
    My parents lived thru WW2 before emigrating to Australia ..
    My parents taught us very early in age the value of money , so yes i am not throwing my money out of the window ..lol..
    I only have had 2 employers during my life , one in OZ and the one now in the U.S , staying put with them long enough brought me seniority and better retirement deals .
    Credit cards only benefit you if you can pay the entire balance owed every month , if you cannot , they are a pest better to avoid ..icon_smile.gif
  • AMoonHawk

    Posts: 11406

    Mar 18, 2014 5:17 PM GMT
    compared to my educational background and experience and the amount of work I have to do, I am paid crap

    Don't be fooled ... everyone is basically slave labor to the rich man
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    Mar 18, 2014 8:28 PM GMT
    AMoonHawk saidcompared to my educational background and experience and the amount of work I have to do, I am paid crap
    Don't be fooled ... everyone is basically slave labor to the rich man

    We've always been slave to the rich, that's never going to change so the only other option is to figure a way to join them if you can't beat them.

    Saving is your number one option, then doing some homework on how to invest.

    The 401K is an amazing tool to use for retirement and yet many contribute nothing. That's just plain stupid, matching fund from the employer or not. Tax deferred forced savings that grows for 30 years without even knowing it. There's very little (not nothing but little) you have to do with a 401K.

    Having 3 - 6 months worth of salary banked or in a mutual fund so you have a cushion is common sense stuff.

    Not spending foolishly. Buying a car every other year or leasing a car is a foolish waste of money. Eating out all the time…waste. Buying new clothes constantly to be fashionable…waste. Traveling all over and yet not having a savings….crazy.

    Plan your expenses and then save for them. Don't have the money then wait until you do.

    I think I should have been a financial counselor instead of a computer geek! LOL
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    Mar 18, 2014 9:18 PM GMT
    AMoonHawk saidcompared to my educational background and experience and the amount of work I have to do, I am paid crap

    Don't be fooled ... everyone is basically slave labor to the rich man


    This definitely. My company is always very happy with my work but it took them finding out about a final interview at a competitor for them to suddenly promote me in a hurry. Meanwhile other mediocre performers seem to rise through the ranks like gas in a swamp.
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    Mar 18, 2014 9:25 PM GMT
    I agree people should save for a rainy day but (in the UK anyway) people's wages aren't rising with inflation and lots of people aren't even paid a living wage and some are on zero hour contracts whereby they work 40 hours one week and then nothing the following.

    We have something called housing benefit of which the majority of recipients are people who work but aren't paid enough by their employers to pay their rent so the government has to help.

    The economy relies to heavily on paying poverty wages to those at the bottom despite the fact that those same people are majority in every country and are actually consumers so the more money they have the better you'd think.
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    Mar 19, 2014 1:12 AM GMT
    I just celebrated my 21st anniversary at work yesterday. (Same Job)
    It's made me a really nice living, yet I save X amount every month thru a 401K and a Roth IRA mainly.
    I too would like to retire someday and have a happy life.
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    Mar 19, 2014 2:57 AM GMT
    LionEyes saidLiving in NYC lucrative doesn't quite have the same definition. You could have a job that pays around 50,000 a year and that equals at living from pay check to pay check with the cost of living, bills and a somewhat reasonable social life, no luxuries. In order to save money you would need to live far away in any of the outer boroughs and say good bye to social life, that's the only way to save money. It's really challenging specially when you're young and you want to have fun.

    Yes, in high cost of living areas, it's very difficult. I do it in SF but that's because I started my job over 30 years ago and lived outside of the actual city and had 2 salaries for a very long time so was able to save some and as my pay increased I saved. It's not easy but don't give up. $50K is really not enough for living in a city like NY.
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    Mar 19, 2014 3:00 AM GMT
    TheGuyNextDoor saidI just celebrated my 21st anniversary at work yesterday. (Same Job)
    It's made me a really nice living, yet I save X amount every month thru a 401K and a Roth IRA mainly.
    I too would like to retire someday and have a happy life.

    Congrats!!! I hit 30 last year! Great to belong to the KMA club because they know you can leave at any time! icon_lol.gificon_lol.gificon_lol.gificon_lol.gif
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    Mar 19, 2014 3:07 AM GMT
    TheGuyNextDoor saidI just celebrated my 21st anniversary at work yesterday. (Same Job)
    It's made me a really nice living, yet I save X amount every month thru a 401K and a Roth IRA mainly.
    I too would like to retire someday and have a happy life.


    Wholly shit...
    Just can't
    That's not even heard of in this day and age...yeah, no--can't.
  • TannerMasseur

    Posts: 7893

    Mar 19, 2014 5:17 PM GMT
    I bartended for 21 years at Woody's, a popular gay club here in Philly. It was very lucrative icon_smile.gif
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    Mar 19, 2014 5:19 PM GMT
    My last job paid a lot of money to me for my role but the job was very hard mentally and physically but in the end i was slave labour no matter how many pay rises the employer gave me.