Whats a good income for your age?

NormInv
NormInv Posts: 3,303 Member
edited February 17 in Chit-Chat
What do you consider a good annual income based on your age?
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Replies

  • Unknown
    Unknown
    This content has been removed.
  • quiksylver296
    quiksylver296 Posts: 28,436 Member
    One million dollars!!! :laugh:

    In reality, I make enough to be comfortable.
  • sentaruu
    sentaruu Posts: 2,206 Member
    in my area, you can get by decently enough at $50k a year
  • spirit095
    spirit095 Posts: 1,017 Member
    More than what I'm making at the moment lol. It's hard to say because expectations vs reality don't usually align :cry:

    ETA: I'm in my 20s and pretty much just starting out in the "real world" lol
  • hellsbells3272
    hellsbells3272 Posts: 128 Member
    I guess it depends on your location.
    If you live in London you need to earn a LOT more than you do in North Yorkshire to achieve the same standard of living.
    You could live on 20-25k comfortably here on the Yorkshire coast but you would not be able to buy a property with that income. You need an income of 30k+ to buy a property here. Triple/quadruple that for London.
  • Quieau
    Quieau Posts: 428 Member
    You should be making at least $1,000 per year of your age annually ... if you're not, go back to school! :)

    (Seriously.)
  • Isabel_Fit93
    Isabel_Fit93 Posts: 50 Member
    I think wages vary too much dependent on where you work and also what field you work in to judge by age alone.

    But as a 20 year old, I think £18-25K is a good starting point. (Based on my personal experience/situation.)
  • b2kelly
    b2kelly Posts: 62 Member
    in mid to late 20's a good income is 75-100K / year..

    Focus on getting out of debt ASAP.. then start maxing out RRSP's after that

    I am able to max out RRSPs each year and have more money than I can spend and everything I want.. be smart and you will be golden!
  • TitanGM
    TitanGM Posts: 1,161 Member
    Somewhere between 35K - infiinite would be fine. I don't chase the money if I have all my necessities.
  • BigVeggieDream
    BigVeggieDream Posts: 1,101 Member
    I don't think age has much to do with it. I was making 3 times as much as I am now, 15 years later.
  • NormInv
    NormInv Posts: 3,303 Member
    Late 30s and think $175K is a decent income.
  • NormInv
    NormInv Posts: 3,303 Member
    You should be making at least $1,000 per year of your age annually ... if you're not, go back to school! :)

    (Seriously.)

    Salary has a marginal diminishing returns component to it - so t only increases at a decreasing rate.
  • Crimson_Fire
    Crimson_Fire Posts: 2,504 Member
    Late 30s and think $175K is a decent income.
    Hi Norm! :blushing:
  • Mrsallypants
    Mrsallypants Posts: 887 Member
    Whatever it takes to buy two cases of good beer a day, and still not be kicked out of your apartment or have your electric turned off.
  • Tight_Fit
    Tight_Fit Posts: 453 Member
    Before I became a SAHM I was making roughly 283k a year, typical salary of someone my age in my area is around 35k, I would consider decent to be around 50k. I'm in my mid twenties.
  • NormInv
    NormInv Posts: 3,303 Member
    Before I became a SAHM I was making roughly 283k a year, typical salary of someone my age in my area is around 35k, I would consider decent to be around 50k. I'm in my mid twenties.

    283K? Doing what?
  • NormInv
    NormInv Posts: 3,303 Member
    Late 30s and think $175K is a decent income.
    Hi Norm! :blushing:

    Ummm I stated what I thought was a good salary!
  • Tight_Fit
    Tight_Fit Posts: 453 Member
    I was an engineer at a nuclear power plant.
  • Crimson_Fire
    Crimson_Fire Posts: 2,504 Member
    Late 30s and think $175K is a decent income.
    Hi Norm! :blushing:

    Ummm I stated what I thought was a good salary!
    :brokenheart:
  • NormInv
    NormInv Posts: 3,303 Member
    I was an engineer at a nuclear power plant.

    so hot
  • NormInv
    NormInv Posts: 3,303 Member
    Late 30s and think $175K is a decent income.
    Hi Norm! :blushing:

    Ummm I stated what I thought was a good salary!
    :brokenheart:

    hahaha....and also what i.......
  • Capt_Apollo
    Capt_Apollo Posts: 9,026 Member
    Before I became a SAHM I was making roughly 283k a year, typical salary of someone my age in my area is around 35k, I would consider decent to be around 50k. I'm in my mid twenties.

    283K? Doing what?
    I was an engineer at a nuclear power plant.

    $283k? is that a typo?
  • Tight_Fit
    Tight_Fit Posts: 453 Member
    I was an engineer at a nuclear power plant.

    so hot

    I would flirt with you, but I'd rather seduce you with my awkwardness. :smokin:
  • Tight_Fit
    Tight_Fit Posts: 453 Member
    Before I became a SAHM I was making roughly 283k a year, typical salary of someone my age in my area is around 35k, I would consider decent to be around 50k. I'm in my mid twenties.

    283K? Doing what?
    I was an engineer at a nuclear power plant.

    $283k? is that a typo?

    Well I was more than just an engineer, but when I get into details people usually get confused.
  • Tight_Fit
    Tight_Fit Posts: 453 Member
    Before I became a SAHM I was making roughly 283k a year, typical salary of someone my age in my area is around 35k, I would consider decent to be around 50k. I'm in my mid twenties.

    283K? Doing what?
    I was an engineer at a nuclear power plant.

    $283k? is that a typo?


    And I'm also including my yearly bonuses.
  • NormInv
    NormInv Posts: 3,303 Member
    I was an engineer at a nuclear power plant.

    so hot

    I would flirt with you, but I'd rather seduce you with my awkwardness. :smokin:

    My guess is you were working on isotope separation of the 238 while forcing gaseous uranium hexafluoride (hex) through semi-permeable membranes
  • salembambi
    salembambi Posts: 5,585 Member
    anything above 20k
  • FreeSpirit1992
    FreeSpirit1992 Posts: 11 Member
    Good income for my age(I'm 21) is pretty high for men because our trades are booming here. Many guys my age are making $150,000 a year or more because they're working in the oilfield. I'm a young professional woman who is not willing to get dirty. Lol. I still make a lot more than what would be considered a "good" income for the average 21-year-old woman, though(and I'd peg good income for my age at being about $40,000). And my partner is a journeyman electrician, so... we do all right.
  • 1320GO
    1320GO Posts: 150 Member
    Education matters. BS Accounting, CPA, MBA - by 50 making 8x my age in corporate america. I try to tell kids that education matters but they don't realize just how much.

    Went to undergrad for free (dad worked in university maintenance), MBA paid by the company.
  • NormInv
    NormInv Posts: 3,303 Member
    anything above 20k

    you set the bar low. obamaphone is about 15K a year
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