Reply to The divide gets bigger as you get older...

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I think this is true. Early start is key. Focus on careers that help you establish yourself and are the best /most profitable match for your skill set.

We both went to a top 15 school - met after college through friends - big law/finance dual income in 20s and 30s. By mid 40s, we are senior in our respective careers with hhi of $4-7m per year.
Money is a non issue in our life. 
Time is a more valuable commodity.[/quote]

This is so much money, but it doesn’t set off any jealousy in me at all. We earn 250k, split right down the middle between DH and myself, and we have ample time. With our kids, with each other, with friends, with our aging parents. We own our house, have short commutes, will be able to retire and never live in poverty. Why do people contort their lives for vast amounts of money and then sacrifice the things that make life good?[/quote]

DP. Because they are likely more professionally ambitious than you.. It’s like the kid that wanted an A in every class (and put in the time to do it) vs the kid who was fine with a B (and more free time). Different strokes for different folks.[/quote]. 
This would follow if ambition and professional achievement were tied directly to financial gain. But the most respected, successful journalists, educators, scientists will not be earning as much as the middle band of people in finance or corporate law or whatever. You can take your career very seriously and never see that reflected in your income. Unless by “professionally ambitious” you mean “motivated by money.”[/quote]

exactly!!!

I have a cousin who went to elite school, phd, academically and professionally published civil engineer and she only has an income of 250k. She is a professor.

her husband is a software engineer. Yes they made mid six figures but they will never make over 1 million a year.

[/quote]

Ummm she is making really good money[/quote]

Most professors make less than $100k. [/quote]

Not in law or STEM.[/quote]

Plenty of S/M profs make less than 100K. Econ/B-School/Engineering/CS/Law all start over 100K though (some are nearer 200K starting wages). For example a UMD assistant econ prof gets about 180K comp (including summer) in the first year.[/quote]

Are you sure about that?  I graduated UMD in the early 2000s, and was shocked that one of my professors (tenured) was making only about 70k when I looked him up in the public db. He was probably the best professor I had during my time there, and he was a highly accredited and awarded mathematician. Was not fresh to teaching at UMD either. [/quote]

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