Do you make over 120K? What did you do to get there?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:"Here we go again......."
"No kidding! It's so obnoxious"

WHEN does it end? NO WONDER they are miserable!

Also:
"Inherited 500k, invested it and no longer work. We make 20k - 30k a month on our investments/trading/rentals."

ROFLMAO! Don't forget dealing crack! You people BELIEVE this sh**?!?!?

I think I may be done with DCUM, even for entertainment value.

Still laughing.....

Glad you are amused. The inheritance was 20 years ago. Still funny? So yes, we invested and make tons of money now.

We bought an investment property 20 years ago and only recently started to break even. Property prices generally follow rental prices, plus you don't get some of the tax breaks (except for that depreciation write-off, and I hope you're not counting that as income because it's paper and will vanish when you sell). So unless you guys are slumlords, this just doesn't ring true....

And a currency trader who makes $7-10K a day? Unlikely. I know a bit about currency trading, and I guess my next questions are, how much $ does he trade a day, and how much does he lose on a bad day?

We have over a million in trading which allows us to leverage ten million, so yes, we do make that kind of money. If you know anything about trading currencies you know how that works, right?

My two-flats in Chicago were purchased 18 years ago, cost me $3000 total in mortgages. One has two apartments, the other has two apartments and a basement that is rented. The basement rents for $2000, the other four range from $2500 to $4000. Are you familiar with Chicago, and the area called River North? If not please don't assume we aren't making a killing. We are no where near slumlords, out properies have been updated twice and are always rented. One rental covers BOTH mortgages. In addition to the apartment rentals we rent the garages out as well to the renters, which is standard practice in Chicago. One month of rental fees on the FL house pays the mortgage for the entire year. The rest is all profit.

Flat? Is that a stand alone apartment building? Where exactly in the River North area?

[Anonymous]

Anonymous wrote:Inherited 500k, invested it and no longer work. We make 20k - 30k a month on our investments/trading/rentals.

How long ago did you inherit the money? 20-30K a month seems like a lot! Good for you.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Inherited 500k, invested it and no longer work. We make 20k - 30k a month on our investments/trading/rentals.

How long ago did you inherit the money? 20-30K a month seems like a lot! Good for you.

She said a few posts ago she inherited it 20 years ago.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:"Here we go again......."
"No kidding! It's so obnoxious"

WHEN does it end? NO WONDER they are miserable!

Also:
"Inherited 500k, invested it and no longer work. We make 20k - 30k a month on our investments/trading/rentals."

ROFLMAO! Don't forget dealing crack! You people BELIEVE this sh**?!?!?

I think I may be done with DCUM, even for entertainment value.

Still laughing.....

Glad you are amused. The inheritance was 20 years ago. Still funny? So yes, we invested and make tons of money now.

We bought an investment property 20 years ago and only recently started to break even. Property prices generally follow rental prices, plus you don't get some of the tax breaks (except for that depreciation write-off, and I hope you're not counting that as income because it's paper and will vanish when you sell). So unless you guys are slumlords, this just doesn't ring true....

And a currency trader who makes $7-10K a day? Unlikely. I know a bit about currency trading, and I guess my next questions are, how much $ does he trade a day, and how much does he lose on a bad day?

We have over a million in trading which allows us to leverage ten million, so yes, we do make that kind of money. If you know anything about trading currencies you know how that works, right?

My two-flats in Chicago were purchased 18 years ago, cost me $3000 total in mortgages. One has two apartments, the other has two apartments and a basement that is rented. The basement rents for $2000, the other four range from $2500 to $4000. Are you familiar with Chicago, and the area called River North? If not please don't assume we aren't making a killing. We are no where near slumlords, out properies have been updated twice and are always rented. One rental covers BOTH mortgages. In addition to the apartment rentals we rent the garages out as well to the renters, which is standard practice in Chicago. One month of rental fees on the FL house pays the mortgage for the entire year. The rest is all profit.

Flat? Is that a stand alone apartment building? Where exactly in the River North area?

It's "two flat" and this is an example - http://chicagorealestatelocal.blogspot.com/2009/06/price-reduced-chicago-two-flat-for-sale.html

[Anonymous]

DH makes over $120 a year, and it wasn't as hard as one might think. Heck, he doesn't even need a college degree for the job he does. He is doing the same job he did seven years ago, but making five times the amount he did then. He works 12 hour days, but he just works every other day.

I don't want to go into it too much, but it was a position he had in the military, and he is now a contractor.

[Anonymous]

.

[Anonymous]

Lawyer, now government, previously biglaw. Went to Ivy undergrad, top 10 law school. "Gave up my 20s and early 30s" is a strong way to put it, but basically true. Postponed having children too long. DH is still biglaw and has very little flexibility.

[Anonymous]

If you earn over 120K, what do you do for a living?

Work for the fed


Is your job demanding?

It has peaks and valleys. Summer is very busy, but now we're in a slow period, which is nice.


Did it take long to get to your current wage?

About 10 years.

Do you feel you had to give something up in order to get there?

No, I worked most of my 20s to get here, but I had fun working as I love my job. Now that I have kids, and very flexible hours things are pretty smooth.

[Anonymous]

If you earn over 120K, what do you do for a living?

Law

Is your job demanding?

Compared to many non-legal office jobs, yes. Compared to an ER doctor or a minimum wage worker? No.


Did it take long to get to your current wage?

Took me 6 years of practice to make over $100K


Do you feel you had to give something up in order to get there?

I did actually give up time with my family and friends and personal leisure time, but it was a good tradeoff for me and my family and like OP, I work to help secure our financial future.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Here we go again.......

No kidding! It's so obnoxious.

Just wondering as someone who answered the OP question, what's obnoxious?

[Anonymous]

To answer the question -

Yes, I make 250k. I'm now in government affairs.

What did I do to get here? A good dash of luck, but I was also (rightly or wrongly) seen as a rising star in my very early twenties and climbed the political ladder very quickly. I went to the private sector at exactly the right time and worked for people willing to pay me well. I have a very family-friendly schedule and feel very lucky to make the money I make with these hours.

What I have given up, though, is a job that I am passionate about. To do that would require way too many hours and a big pay cut. DH's job is going quite well though and I may just up and quit in a few years.

[Anonymous]

I work in a large non-profit at director-level.

It is hard work, but great hours and benefits. Only challenge to work-life balance is travel a few times a year.

Worked butt off in 20s and did grad school part-time. There is not much promotion potential in my field, so I had to move around to different orgs in order to advance.

[Anonymous]

you do all realize this thread is from august 2009, right?

[Anonymous]

If you just got back in the workforce and you are in consulting making nearly six figures, the two things you can do:

1. Stick it out for three or so years and work to get promoted at your firm. Year over year increases probably won't get you there in this economy.

2. Get a good amount of experience at this job (at least two years) and then interview at some other consulting firms. It is easier to get a salary increase for a lateral move to another firm than it is to get an increase within your own firm.

These are the two most effective ways to increase your pay in consulting. Either way, it says do a good job and stay in this position for a few years so that you re build your resume.

[Anonymous]

120k consulting, 30 years old.

That being said, I think I'm underpaid relative to my billable rate / hours.

Work pretty close to a 40 hour week, unless its crazy or I have travel, in which case I am expected to do whatever it takes and I do.