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Locked: Would you be satisfied with a $55,000 salary?

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  • Jan 3rd, 2012 12:17 pm
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Member
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Mar 11, 2011
264 posts
3 upvotes
Canada

Would you be satisfied with a $55,000 salary?

In Canada before taxes of any sort. Would you be satisfied with a 55k salary and lets say you can move up to around 65-70k mark within the next 10-15 years.
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333 replies
Deal Addict
Jul 7, 2004
4802 posts
604 upvotes
Doesn't seem too bad. As long as I have enough room in my house and money to buy most things I need, I'm okay.
Deal Addict
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Nov 9, 2008
4459 posts
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Toronto
No way.
Buy Bell, and you go to HELL! :-0
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Sep 1, 2008
616 posts
95 upvotes
I am getting that much right now. I was satisfied with it until last year but not anymore.
I am already looking for better opportunities within and/or outside my company.
Deal Fanatic
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Jul 12, 2003
9127 posts
1726 upvotes
Markham
Depends on where you live, what you have to pay, any kids or dependent to take care with.

Some people settle and live OK with 35-40k...., some people still in a load of debt when making 70k.
Retired Forum Moderator February 2009 - June 2015
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Jan 31, 2004
923 posts
115 upvotes
Toronto
On rfd its minimum 100k/year before we're satisfied
Deal Addict
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Nov 22, 2004
3304 posts
165 upvotes
nothing wrong with aiming high
Deal Addict
Feb 11, 2005
3937 posts
225 upvotes
No but if you asked me when I was in co-op I would've been damn happy. People adjust their living styles to their salary so the thought of a paycut would be insane. You should be asking yourself if you're okay with 55K and if it's fair given the role, your experience and education.
Deal Addict
Nov 14, 2010
1087 posts
195 upvotes
Definitely, I'd even settle for much less provided I love what I am doing. :)
Member
Sep 28, 2009
220 posts
5 upvotes
with the high amount of millionaires here , sometimes i forget i'm it is a deals site. :lol:
Penalty Box
Dec 9, 2008
909 posts
24 upvotes
Toronto
Most people don't even make 55k/year.
Deal Fanatic
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Oct 22, 2007
8572 posts
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London
IThinkFit wrote:
Apr 28th, 2011 7:37 pm
In Canada before taxes of any sort. Would you be satisfied with a 55k salary and lets say you can move up to around 65-70k mark within the next 10-15 years.

That seems ok for a part-time job.
Deal Addict
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Sep 21, 2006
2960 posts
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Vancouver
I make 42000 a year. If I stick at this place, I should be able to bring in 55 000 in 3-4 years. I would be happy to make that. Right now I make about $60 000 a year with overtime and im living comfortably with $1000 a month savings. I would deff be satisfied with making $60 000 without having to work any overtime. one day, I can only dream.
Deal Fanatic
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Oct 23, 2003
7222 posts
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if you're in your early to late 20s making that, you're doing well and better than "okay". if you're in your 30s and been working for 7-10 yrs and making that, i would personally be pissed.

on a personal note, im going for 80/100k at or into my early 30s to mid 30s (+ inflation since thats aways away vs my current age)
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Jul 5, 2004
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If I wasn't making that much, then yes, I would be satisfied with it since it would be a raise. I currently make a fair bit more than that, so no, I would definitely not be satisfied with that much

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