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this thread is too vague to be of any value.
-average salary in Canada for single tax filers is around $30K, so yes $55K should satisfy the "average" person
-few ppl go on to postsecondary, many go the technical school or college route
-but if you have a University degree you're more educated than "average"
-what field are we talking about? Are there lawyers getting only $55K and satisfied? How about librarians? It really depends on the field. Even if you're happy with your job, no reason you should be scammed or paid less than what you're worth.
My salary is b/w 110-130K, before nonsense like stocks, bonuses and junk gets added. Am i satisfied? No, because I'm getting paid less than my peers. Does that mean I'm not happy? Hell no, I'm happy, I'm able to meet all my needs as well as many of my wants (my gf doesn't have to work because I earn enough), I can eat out without having to worry or fret about gas prices.
I've earned 30K/yr in the past and was satisfied because I wasn't doing much work and it gave me a really flexible schedule and was competitive with the work/industry/peers.
-this thread really needs the scope narrowed to be informative
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Apr 29th, 2011 01:54 PM #46_______________
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Apr 29th, 2011 02:19 PM #47
[QUOTE=Raimiette;12811101]lol I always hate these threads because they make me feel like such a bum.
[/QUOTE]
I don't think you can take anything posted in these threads seriously.LOG IN TO THANK No one has yet thanked Ottomaddox for this post.
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Apr 29th, 2011 02:29 PM #48
[QUOTE=Raimiette;12811101]lol I always hate these threads because they make me feel like such a bum.
I make $35/year now in my chosen career and (barring any severe changes) and am not likely to hit $55/year in the foreseeable future and I still personally think I'm making fairly reasonable money but talking to the people on this site it's like I'm below the poverty line.
I have enough that I can pay all my expenses and have a fairly substantial amount left over for whatever random garbage I want to buy (I am single, have my own apt, pay my own bills BTW just so you don't think I'm living at my parent's) and it's not like I live in the middle of nowhere either. Sometimes I just think people on this site have such unreasonable expectations when it comes to finances.
Having said that, yes, obviously I would be satisfied with a 55/year salary.[/QUOTE]
How do you make 35 a year and save enough for a downpayment on an apt and also have low monthly pmts to have a significant chunk of money leftover to buy whatever u want? That is very good but it seems highly unlikely._______________
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Apr 29th, 2011 02:32 PM #49
Yeah, for sure. At least for now.
I'm currently sitting at 30-35k. Ick.
55k x2 (dual income, no kids) is pretty comfortable. Can prolly rent a 1 bedroom luxury condo and probably buy a second hand entry level luxury car with enough savings for retirement/etc.
If I ever decide to have kids though, that changes everything.LOG IN TO THANK No one has yet thanked KevC for this post.
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Apr 29th, 2011 02:34 PM #50
According to Living in Canada, average wage was $24.81, so X 2080 hours a year, it is $51,604.80.
[url]http://www.livingin-canada.com/work-salaries-wages-canada.html[/url]
I would want to earn around $55K by 30 for sure.LOG IN TO THANK No one has yet thanked starkiller2010 for this post.
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Apr 29th, 2011 02:35 PM #51Deal Addict
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[QUOTE=webdoctors;12812681]
I've earned 30K/yr in the past and was satisfied because I wasn't doing much work and it gave me a really flexible schedule and was competitive with the work/industry/peers.[/QUOTE]
Make too little, have ample time, no money to enjoy it.
Make too much, have ample money, no time to enjoy it.
I'd say $55k is a comfortable amount.
Personally, I wish I can work less and earn less._______________
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Apr 29th, 2011 03:15 PM #52
Don't know if it's been posted already, but take home from 55k (assuming only tax, CPP, EI deductions is) is ~$37,500.
I tend to agree with others, for a professional, 55k by 30 is good._______________
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Originally Posted by Luckyinfil
Originally Posted by CSK'sMom
And I would say there is a lot of e-penis on this site when folks start throwing out how much they earn.
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Apr 29th, 2011 03:51 PM #53
[QUOTE=IThinkFit;12808913]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.[/QUOTE]
10 - 15yrs to get into 65-70K from 50K? that's too long and no no...i started as 45k and got into 75K within 3/4yrs..._______________
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Apr 29th, 2011 03:55 PM #54
Whoever is making less than what has been suggested here and implies as a norm, please dont take it the wrong way. Its not about how much you earn, but about how much you save and how happy and content you are with. If it settles the fundamental needs of your life then life is good, sure we all need more money and its human mentality, but dont let the odd here deter or despair you into thinking you are a failure.
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Apr 29th, 2011 03:58 PM #55
[QUOTE=rjones416;12809124]Most people don't even make 55k/year.[/QUOTE]
Most people aren't deal hunters.
I think you will find the people on this forum skewed to the higher end of the earnings spectrum.LOG IN TO THANK No one has yet thanked Le Loon for this post.
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Apr 29th, 2011 03:59 PM #56Moderator
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[QUOTE=Le Loon;12813365]Most people aren't deal hunters.
I think you will find the people on this forum skewed to the higher end of the earnings spectrum.[/QUOTE]
And I would say there is a lot of e-penis on this site when folks start throwing out how much they earn. ;)_______________
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Apr 29th, 2011 04:02 PM #57
[QUOTE=CSK'sMom;12813375]And I would say there is a lot of e-penis on this site when folks start throwing out how much they earn. ;)[/QUOTE]
That does seem to be the case, thats why Im staying out of it, this thread should have been moved to the careers section. OP would have found more reasonable, to the point feedback instead of this buffoonery._______________
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Apr 29th, 2011 04:08 PM #58Moderator
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[QUOTE=mrperfect;12813396]That does seem to be the case, thats why Im staying out of it, this thread should have been moved to the careers section. OP would have found more reasonable, to the point feedback instead of this buffoonery.[/QUOTE]
The e-penis factor when it comes to this subject is everywhere on the forums, lol! Some are just more polite while flexing it. ;)_______________
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Apr 29th, 2011 04:21 PM #59
[QUOTE=CSK'sMom;12813375]And I would say there is a lot of e-penis on this site when folks start throwing out how much they earn. ;)[/QUOTE]
Annnddd that quote is going in my signature._______________
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Don't forget kids, on RFD it's not about your experience, it's about what you get paid.
Originally Posted by Luckyinfil
Originally Posted by CSK'sMom
And I would say there is a lot of e-penis on this site when folks start throwing out how much they earn.LOG IN TO THANK No one has yet thanked cwb27 for this post.
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Apr 29th, 2011 04:37 PM #60
Crap, I would have liked that quote:)
[QUOTE]And I would say there is a lot of e-penis on this site when folks start throwing out how much they earn.[/QUOTE]
This site is full of people that know everything, have done everything, own everything AND are geniuses:)
Most of the time it's because they read about it on the internet.
Brent_______________
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