Reply to Anyone Here NOT Make $100K (yet)?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]The other thread with people posting they reached $100k by age 26, 27, 28, got me to thinking. Anyone here NOT earn that much (individual)?

I confess that I am over $100k, barely, but I didn't reach it until 50. My closest friends and I are pretty open, and they are in the same range - $90k to $110k. One is a publications manager in a corporation, one an accountant at a non-profit, and one a sales rep for a clothing line. [b]We are all college-educated.[/b]

How rare or typical is this?[/quote]

Having a college education doesn't guarantee you a 100k, FYI. If you have kids who are already college grads, you'd know. There are many fresh college grads working for sub 40k salary in this area and some are even on unpaid internship. You also need to consider the totality of the circumstances, mainly being work/life balance, when evaluating your income relative to your career level. Most people who reached 100k earlier on most likely sacrificed other aspects of their life.

As an aside, the kids who posted their income are a self-selecting group. [/quote]
OP here. Excellent points, especially about the work-life balance. I did have one friend, early on, who graduated from law school and went to work as an associate for almost $100k at age 24. (Remember, we are talking 25 years ago.) But she worked round the clock with all sorts of pressure. I couldn't have handled it, personally.

Also, as far as the new college grads, my daughter is in her mid-20s and earns $55k. She rents an apartment in a close-in suburb with another girl, and she seems fairly comfortable. (I am also delighted that she was able to get a job related to her college major. That in itself is an accomplishment these days.)

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