Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Hi OP. I make 250k. I lead a 50-person department at a Fortune 500 company.
My rich friends make $60k-80k as artists, teachers, or NPR reporters. They are from exceptionally wealthy families who underwrite everything and live far better than I would ever to be able to afford to. It sounds like a cliche but it’s true.
very true, seen it a lot. And they can have much healthier marriages because they have flexible, low stress jobs but also have the generational wealth to support things like down payments or kids college funds. But those teachers won’t be able to do for their grandkids what their parents did for theirs
Depends if they are spending down the generational wealth and if they snagged a bag to marry.
They marry other trust funders OR a high earner (law partner etc). I say this as someone who knows a lot of artists and journalists.
Typically the super rich trust funders don't marry outside of the set they grew up with, so they are marrying someone else with inherited wealth.
Anonymous wrote:Anonymous wrote:I’m OP and I think I now realize I have been asking two questions.
The first question is what are the $200K+ paying jobs. Not industries. Actual job descriptions. If I were to network with someone, my ask being “how do I go from (my job) to become a (high paying profession)?”
The other question I guess is where are all the middle class people. The median household income is $110K, but single family homes are a million dollars. Which I think I can answer myself. Among my friends with normal-people jobs, with $100-200K HHI, this is where they live:
- Mid-sized apartment in a DTSS high rise
- Townhouse in Germantown
- Two different couples bought decent sized SFHs in MoCo, but they had parents helped with the down payments
- One couple moved to PG county to buy a SFH, which they could afford in 2018 but probably couldn’t afford to purchase today
- One single guy bought a 900sq ft SFH in Rockville, sold to him directly by a friend, below market rate
- Older people who bought in the 80s and then saw their homes appreciate tenfold
Maybe my overall question should have been “What normal-people jobs pay enough to live the 1990s white picket fence ideal” and the answer is none of them 😂
For your second question, Frederick County, PG County, Howard County, Baltimore County.
Not close in.
Anonymous wrote:I’m OP and I think I now realize I have been asking two questions.
The first question is what are the $200K+ paying jobs. Not industries. Actual job descriptions. If I were to network with someone, my ask being “how do I go from (my job) to become a (high paying profession)?”
The other question I guess is where are all the middle class people. The median household income is $110K, but single family homes are a million dollars. Which I think I can answer myself. Among my friends with normal-people jobs, with $100-200K HHI, this is where they live:
- Mid-sized apartment in a DTSS high rise
- Townhouse in Germantown
- Two different couples bought decent sized SFHs in MoCo, but they had parents helped with the down payments
- One couple moved to PG county to buy a SFH, which they could afford in 2018 but probably couldn’t afford to purchase today
- One single guy bought a 900sq ft SFH in Rockville, sold to him directly by a friend, below market rate
- Older people who bought in the 80s and then saw their homes appreciate tenfold
Maybe my overall question should have been “What normal-people jobs pay enough to live the 1990s white picket fence ideal” and the answer is none of them 😂
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:2 capped GS-15s in the DC area will make nearly $400,000. They aren’t exactly a rare breed here.
I was coming in to say exactly this.
In my house, one GS15 and one lobbyist.
Yep, I'm a fed (not on the GS scale) married to a public school teacher. Our HHI is $290k.
+1
This. Remember when Feds used to be "poor"? Now they own three homes (all in desirable areas too!!), renovations as they please, and have at least two big trips per year. Try it some timeOn your taxpaying dime, too.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Double biglaw. But remember I am happier to disclose my income on this board than other stats. Like, say, how many hours of screen time a day my kids have. When it’s a “good” number for you, you post it willingly. When it isn’t, you skip the thread.
Exactly this. Much happier to talk about my salary than my weight, for example. People like to bragg, even anonymously. All the people earning $50k don’t post about it here.
The OP didn’t ask us poors to post. Actually I’m not poor (in my mid-50s as a capped GS15 I’m almost up to OP’s standard but never will be) but I’m not exceptional on DCUM. On the plus side, I weigh the same 125 lbs as I did when I got married. So I’ll brag about that instead.
That’s something to brag about for sure.
I do too but I also earn $230K.
A capped GS-15 isn’t far off from that when you consider the pension benefits.
That depends. I work for a non-profit for 250K with an annual bonus of 50K. I also receive a 6% 403b contribution with 100% matching (vs. 5% in the Fed), much better health and dental benefits. I also receive a 1.5% pension for every year of service (vs. 1% in the Fed). In my case, the nonprofit sector is much better than the Fed.
300K for a non-profit exec? Susan G. Come-on!
I am less okay with exorbitant non-profit salaries than corporate; that money usually comes at the expense of the program. Donors beware.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:I’m OP and I appreciate all the different answers assuming y’all are honest. And I respect the people who honestly disclose the hard work, grind and hustle it took to get there.
However, I just don’t see the numbers adding up. I’ve been a job seeker and I know the job market. I also know the housing market. By definition, only 1% of us can be the top 1%. Where are all the rest of the middle class people like me hiding? In their small outside-the-beltway condos and used Priuses? I just feel like I’m missing something here. The hidden high paying job market.
You’re missing family money. A lot of us got huge legs up - no student loans, help with houses, annual gifts of cash, etc.
The annual gifts of cash is what kills me - can you imagine an automatic bonus - regardless of your ability to produce?
WOWZA.
Depends how much it is, my parents give us $40k a year in cash and that’s nice but not life changing.
You sound UNGRATEFUL. Very ungrateful.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:I’m OP and I appreciate all the different answers assuming y’all are honest. And I respect the people who honestly disclose the hard work, grind and hustle it took to get there.
However, I just don’t see the numbers adding up. I’ve been a job seeker and I know the job market. I also know the housing market. By definition, only 1% of us can be the top 1%. Where are all the rest of the middle class people like me hiding? In their small outside-the-beltway condos and used Priuses? I just feel like I’m missing something here. The hidden high paying job market.
You’re missing family money. A lot of us got huge legs up - no student loans, help with houses, annual gifts of cash, etc.
The annual gifts of cash is what kills me - can you imagine an automatic bonus - regardless of your ability to produce?
WOWZA.
Depends how much it is, my parents give us $40k a year in cash and that’s nice but not life changing.
Anonymous wrote:How do I get into tech sales? Are these in-person or online? I’m nice looking and have good networking skills if that helps. But I’m past 40.
Anonymous wrote:Anonymous wrote:Anonymous wrote:I’m OP and I appreciate all the different answers assuming y’all are honest. And I respect the people who honestly disclose the hard work, grind and hustle it took to get there.
However, I just don’t see the numbers adding up. I’ve been a job seeker and I know the job market. I also know the housing market. By definition, only 1% of us can be the top 1%. Where are all the rest of the middle class people like me hiding? In their small outside-the-beltway condos and used Priuses? I just feel like I’m missing something here. The hidden high paying job market.
You’re missing family money. A lot of us got huge legs up - no student loans, help with houses, annual gifts of cash, etc.
The annual gifts of cash is what kills me - can you imagine an automatic bonus - regardless of your ability to produce?
WOWZA.
Anonymous wrote:Anonymous wrote:I’m OP and I appreciate all the different answers assuming y’all are honest. And I respect the people who honestly disclose the hard work, grind and hustle it took to get there.
However, I just don’t see the numbers adding up. I’ve been a job seeker and I know the job market. I also know the housing market. By definition, only 1% of us can be the top 1%. Where are all the rest of the middle class people like me hiding? In their small outside-the-beltway condos and used Priuses? I just feel like I’m missing something here. The hidden high paying job market.
You’re missing family money. A lot of us got huge legs up - no student loans, help with houses, annual gifts of cash, etc.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Me: $155-160K
Him: $600K last year, but should hit over $700k this year
We both work in finance (me - corporate role at a large financial institution and him - private equity).
What does a person who has a corporate role at a bank or other financial institution do exactly?
Another PP, I oversee investments undertaken by my employer on a daily basis to make sure trading activities are not tipping our legal agreements.
AI could replace you.
Anonymous wrote:Anonymous wrote:Anonymous wrote:2 capped GS-15s in the DC area will make nearly $400,000. They aren’t exactly a rare breed here.
I was coming in to say exactly this.
In my house, one GS15 and one lobbyist.
Yep, I'm a fed (not on the GS scale) married to a public school teacher. Our HHI is $290k.
On your taxpaying dime, too. Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Hi OP. I make 250k. I lead a 50-person department at a Fortune 500 company.
My rich friends make $60k-80k as artists, teachers, or NPR reporters. They are from exceptionally wealthy families who underwrite everything and live far better than I would ever to be able to afford to. It sounds like a cliche but it’s true.
very true, seen it a lot. And they can have much healthier marriages because they have flexible, low stress jobs but also have the generational wealth to support things like down payments or kids college funds. But those teachers won’t be able to do for their grandkids what their parents did for theirs
Depends if they are spending down the generational wealth and if they snagged a bag to marry.
They marry other trust funders OR a high earner (law partner etc). I say this as someone who knows a lot of artists and journalists.