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Old 06-05-2008, 12:32 PM   #541
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Yeah sure buddy, maybe some of them made $500k+ a year (probably one of the reasons we are in this mess cuz your boys were pushing people into those crap option-arm loans to make that $$$) in the good old days. They would be lucky to be making $50k a year with the current carnage in the real estate market. Easy come, easy go...

Haha, I never said otherwise. Some of my friends left the business, others got jobs at established banks and some started their own brokerages.

Those who are seasoned are still surviving but def nowhere near what it use to be.

My point is that its not unheard of to see people in their 20s hittin 6 figures from sales positions or starting their own business. Then throw in I-bankers (yes theres some serious layoffs on the horizon + they work their asses off) and other professionals that start clearing 6 figures within 2-3 years of starting not including bonuses.

Me personally, I'm all about self-employment. I'm a real estate agent, I'll have my NYC General Contractor license by the end of the month and I am working with a contractor now locating distressed properties to flip. Besides that, I'm partnered up on a retail business. Currently applying for NYU masters program in real estate, to better myself and move it up on the food chain. It has definitely helped that I've been surrounded by entrepreneurs my entire life, and have a great mentor.

All that doesnt matter anyway bc I see plenty of ppl piss their money away...its all about saving $ and investments...and enjoying life while you're at it!

That being said....bs or not - this is a car forum doesnt really matter
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Old 06-05-2008, 08:05 PM   #542
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Old 06-05-2008, 08:06 PM   #543
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Old 06-05-2008, 09:52 PM   #544
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Haha, I never said otherwise. Some of my friends left the business, others got jobs at established banks and some started their own brokerages.

Those who are seasoned are still surviving but def nowhere near what it use to be.

My point is that its not unheard of to see people in their 20s hittin 6 figures from sales positions or starting their own business. Then throw in I-bankers (yes theres some serious layoffs on the horizon + they work their asses off) and other professionals that start clearing 6 figures within 2-3 years of starting not including bonuses.

Me personally, I'm all about self-employment. I'm a real estate agent, I'll have my NYC General Contractor license by the end of the month and I am working with a contractor now locating distressed properties to flip. Besides that, I'm partnered up on a retail business. Currently applying for NYU masters program in real estate, to better myself and move it up on the food chain. It has definitely helped that I've been surrounded by entrepreneurs my entire life, and have a great mentor.

All that doesnt matter anyway bc I see plenty of ppl piss their money away...its all about saving $ and investments...and enjoying life while you're at it!

That being said....bs or not - this is a car forum doesnt really matter
You and the people that you know are expections to the rule. For every 100 people that open their own business, I'd bet that 90 or so either fail or have marginal success. I do agree with that almost no one who works for a larger corporation will not make a lot of money.
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Old 06-05-2008, 11:40 PM   #545
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Im 26 and i make 1xx,xxx a year,but i think this thread is pretty lame. Who really cares as long as you are happy and content in your life thats what matters. Seems like this is an e-cock match... I would rather make 70k a year and have a loving family, than make bank and be an arrogant piece of shit. Money is nice but what is it really if you die the next day....and unfortunately i have seen it happen.
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Old 06-06-2008, 01:33 AM   #546
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Im 26 and i make 1xx,xxx a year,but i think this thread is pretty lame. Who really cares as long as you are happy and content in your life thats what matters. Seems like this is an e-cock match... I would rather make 70k a year and have a loving family, than make bank and be an arrogant piece of shit. Money is nice but what is it really if you die the next day....and unfortunately i have seen it happen.
Money doesn't buy you happiness, although it does make life easier. That being said, I'm very fortunately to be healthy and doing what I enjoy for a living with a good company making decent money. If someone would offer to pay me double or triple what I make know doing something I didn't like, I'd pass on it! I'll probably never make millions of dollars, but that's ok because that is not the be all and end all for me.
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Old 06-06-2008, 10:33 AM   #547
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Money doesn't buy you happiness, although it does make life easier. That being said, I'm very fortunately to be healthy and doing what I enjoy for a living with a good company making decent money. If someone would offer to pay me double or triple what I make know doing something I didn't like, I'd pass on it! I'll probably never make millions of dollars, but that's ok because that is not the be all and end all for me.
Alot easier for sure..but im talking about people that say they need to make 250k a year and what not. You can live upper middle class making around 120k. And i agree with you on working in a field that you like, rather than just going through the motions just to earn a paycheck.
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Old 06-06-2008, 10:36 AM   #548
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Old 06-06-2008, 12:15 PM   #549
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Alot easier for sure..but im talking about people that say they need to make 250k a year and what not. You can live upper middle class making around 120k. And i agree with you on working in a field that you like, rather than just going through the motions just to earn a paycheck.
So much depends on where you live. $75K in Macon, Georgia buys much MUCH more than the same $75K in New York City or San Fran.....

When I was only earning $35K and married I had a 4 bedroom 2.5 bath house with an attached workshop on 1/2 acre in Macon, GA and it only cost $133,000 - and it was a good house too in a good neighborhood.
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Old 06-06-2008, 12:27 PM   #550
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Old 06-06-2008, 12:35 PM   #551
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So much depends on where you live. $75K in Macon, Georgia buys much MUCH more than the same $75K in New York City or San Fran.....
This cost of living thing gets blown way out of proportion. Other than housing costs the cost of living in these cities are the same as the rest of the country. We pay the same for cars, gas, food, dry cleaning, and $7 lunches. Things doesn't automatically become twice as expensive here, it's only the real estate.

On the other hand, while housing is expensive here it's still equity that you own. I can sell my house and move to Georgia, but the reverse doesn't work. The higher salary at coastal cities DOES bring in more wealth. The money doesn't just evaporate when going toward mortgage.
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Old 06-06-2008, 02:40 PM   #552
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This cost of living thing gets blown way out of proportion. Other than housing costs the cost of living in these cities are the same as the rest of the country. We pay the same for cars, gas, food, dry cleaning, and $7 lunches. Things doesn't automatically become twice as expensive here, it's only the real estate.

On the other hand, while housing is expensive here it's still equity that you own. I can sell my house and move to Georgia, but the reverse doesn't work. The higher salary at coastal cities DOES bring in more wealth. The money doesn't just evaporate when going toward mortgage.
Not so sure I agree with all that. You have a valid point, but gas IS different depending upon where you live - when I was paying $3.30 for premium (about 30 to 45 days ago) you Cali guys were complaining about $4.00 +.

Commuting is another aspect. When I lived in ATL I was 9 miles from work and it took me 45 minutes plust to get there. Now I live 24 miles from work and it takes 18 (a very good light traffic day) to 30 minutes to commute.

Parking is another premium in certain places. $7 per day where I am if you dont have a free reserved space, compared to some outrageous rates I hear about otherwise in large cities. Some folks in some cities cant really even drive to work so they park and ride trains/subs/rails. That is an expense that is different than I have ever faced, and my friends from Chicago tell me it would cost $50 or so just to get transportation to/from home just to go out for a night....here...it is "free" using the gas in my tank.

Also dependant is your specific state and state taxes. I pay NO state income tax or advelorum tax and my property taxes are nil. All those things are instances where "wealth" evaporates. I pay $25 per year for tags in TN, that is it. I paid $350 + per year for each car in GA. Property tax on my current house in TN is under $3,000 per year, and I dont face the same 7% state income tax I faced in Ga. That alone is an instant 7% raise no matter how you slice it.

Mortage size does cause some money to evaporate...in the form of interest. More money goes to interest the first few years of any mortgage dont forget.

And my point was not that higher salaries on the coast vs. lower salaries in the country are the same...my point was $75K in the country buys you more vs. the same exact $75K in a big city.....Sure you can earn more in a city like New York or LA, but I also see folks in those exact same cities doing the same minimum wage jobs that exist everywhere in the country. Nobody is slinging burgers at McDonalds in LA for $100K a year.
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Old 06-06-2008, 05:56 PM   #553
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You need to make comparisons of suburban vs suburban areas. 90% of the Cali people on this forum do not live in the metropolitan city but rather in suburbs around it. We do not pay parking nor do we rent stalls to store our cars.

Cali gas are only about 20 cents higher than the national average. My point is the extra income more than offsets the housing cost. Cost of living for general staples is not much different.
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Old 06-06-2008, 08:47 PM   #554
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You need to make comparisons of suburban vs suburban areas. 90% of the Cali people on this forum do not live in the metropolitan city but rather in suburbs around it. We do not pay parking nor do we rent stalls to store our cars.

Cali gas are only about 20 cents higher than the national average. My point is the extra income more than offsets the housing cost. Cost of living for general staples is not much different.
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Old 06-06-2008, 08:54 PM   #555
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Old 06-07-2008, 07:39 AM   #556
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Old 06-07-2008, 08:33 AM   #557
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Old 04-30-2009, 10:17 AM   #558
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Oh my goodness, bump from beyond the grave. Was just reading through and came across my old post haha. Now I recently just finally landed a job as an accountant for Chubb Insurance.

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Old 04-30-2009, 10:22 AM   #559
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Old 04-30-2009, 11:42 AM   #560
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hrm.. i figured there would be a poll on the first page.

age 23, $60k/yr. I'm an engineer.
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