Making six figures and still broke reddit. I knew nothing about IT when I started my cert path.
Making six figures and still broke reddit Top. Or $100,000 was like the magic number to feel like you made it when we were kids, but even that doesn’t seem like it’ll Been making six figures fully remotely from Japan since early 2017. If they tell themselves that they’re working just as hard as someone who actually has a meaningful job then they don’t have to think critically and they can tell the rest of us plebs “if you stopped being so lazy and worked as hard as ME, then you too I have no degree and was making six figures before I hit 30, living in a relatively low cost of living area as well. Its just like a lot of my students, you can't begin to care about your grades in high school if your worried about finding a place to sleep tonight or haven't had a hot meal in a couple of days. Be disciplined with the times you set and dont keep making changes. I had an unrelated undergrad degree (comms) where I never broke 40k so I went back to school at 28 for a master's in accounting and by 30 was working at the Big4, by 31 had my license, by 35 broke six figures and now I'm 39 at $175k. CroneRaisedMaiden • I moved here from the east coast, I’m taking another promotion back on the east coast. Even if/when I pay off debt, I still won’t be able to afford To answer your six figure question more specifically, in government you will make the most income for your position in federal employment as a civil than you will in state/county/city. But earning more doesn t necessarily confer superior financial management skills, and even high-earners find that it s shockingly easy to fall into one particularly nefarious debt trap living beyond one s means. ), and I think I still have a lot of growth ahead of me. I'm making 6 figures now, but for my first 12 years out of college I wasn't, but I was still on track for early retirement. I'm a six-figure freelance copywriter and I know several other copywriters (freelance and in-house) who also earn six figures. I got lots of training and mentorship at my job, and I got to work on a lot of big impact projects since it was a smaller firm. I am very simplistic and not materialistic by nature. I came from fast food and I am making double what I was just as tech support. High-level Sales is an art. Also I can make purchases under about 100 dollars whenever I please. I was terrified but I knew it had to And we are still capping income tax rates at 37% for those making $609351 or more as individuals. The internet is a beautiful thing. CVS is hands down the WORST company to work for. Some of my coworkers counterparts with similar salary got stuck in the keeping up with the Jones lifestyle. I believe for CS the high end was $42-$45/hr, which is still incredible for a co-op but not six figures. 2019 got a job as a field trainer: $85k (note: this is prob higher than average for that type of role but I was already making that much as a store manager and negotiated accordingly) Posted by u/-beefy - 139 votes and 46 comments And of that 20%, the majority are basically making $100k or just over. I hit 6 figures with about 5 years of experience in project management. It was easier to make it, but still by no means easy. Over time we started I can't really compare my experience, because I first hit five figures in 2013. ADMIN MOD How broke was Tony in season 6? He mentions to Melfi that Vito helped when they were strapped and then deflects when she asks about his supposed millions of dollars Hesh says that minus assets he’s worth under I am slowly getting out of debt, but still broke. I work full time but basically everything I earn goes towards bills. You might, but probably won't . Best comment here. I just left that company a few weeks ago after The notion of “six figures” first came about around 1980 and is still thought of as some sort of benchmark for people the aim for. If the entry role ain't paying you enough, you need to work on being grateful cause there is very little I'm not making six figures but I am the youngest manager in a billion-dollar company so I must be doing something right. Reply reply OckhamsToothbrush • Travel will always pay more. I have a mortgage Might not be 6 figures but it's 80k. I work on a global team for one of the largest pharmaceutical/biotech companies in the world. I'd spent 2020 dealing with liver cancer and hadn't put a book out until October and I was completely broke-my readers sent me money to pay for my editing and rent and honestly food. Congratulations on making 100k in only four years. I just started making six figures and you make that amount of money, you're going to have to work for it for at least 60 hours a week to start, sometimes up to 80 at crunch time. You can still do alright as a 35G even without a degree, but they're not throwing money at them anymore They just want to justify the fact that they’re making six figures while being absolutely talentless and contributing 0% to society. I make a good bit more than my partner but she has a lot more flexibility and didn't have to be in school as long. Start off with 20k and you're in six figures in one year. Just make sure the key deliverables still come from you. Or $100,000 was like the magic number to feel like you made it when we were kids, but even that doesn’t seem like it’ll Yeah. Making $100k is not enough to afford an $800k house, even without a family. Old. It seems to be the underlying report by "Pymnts. They give you a sheet during the hiring phase that gives you the high, low and average hourly rate for students in each of the faculties grouped by how far into their stream they are. My bother, now retired, had always done well as a perfusionist. Not that it doesn't take brains, but that it's a great path to making decent money. Open comment sort options. Engineer, I have a master's What do you call a millennial who makes between $100,000 and $250,000 but still feels broke? That would be a "Henry," which stands for "high earner not rich yet," Melkorka According to our latest study, not necessarily — in fact, a family of three that earns $100,000 annually may still struggle to make ends meet in 16 of the 100 largest U. Most specialty jobs that actually request a Master When people making six figures are living pay check to pay check what do you expect. Happy for her, she has been in HR for over 10 years and with this particular company for about 7 years. If two people earn 75k a year, they are a household earner that are the upper quartiles in the country. Hi r/itcareerquestions!. Applying for a job from outside seems impossible unfortunately. I'm an unmarried man who has been making over six figures for over a decade and I'm slightly older than 37. My As a guy, it honestly doesn't sound that appealing to live a life like that. Making 6 figures within 5 years isn't hard but you have to be smart in how you direct your career. Even those who If i had chosen to stay otr (over the road) i would still be making $2k/week take “home”. might have to quit. But first few months were quiet and now I’m handling so much (18 months in to it) that I’m enjoying every downtime I get. They have a pool, boat, 3 cars and a mansion in the burbs and miraculously have no money at the end of the month. But I can't FIRE, so I'm a HENRY, which is better than nothing. Understandably, I got my first job making more than $10 an hour at 23, and I'm 26 now and still working at that job. We have everything we need, comfortably rent a 3bed apartment in 2. Had to move from Indiana to jersey for a new job and I'm still wondering if it was a good idea. 29M subscribers in the Showerthoughts community. I’m at upper 5 figures and it is my first full time job. Inflation and lifestyle creep are commonly identified reasons for this, but I believe there are more underlying factors that contribute to the struggle to get ahead financially. That 'something' is relentlessly tuning my resume, finding broad and niche certifications, professional associations, etc, and taking every possible opportunity I can without caring for things like 'loyalty' or what it makes I'm from North Mississippi and am struggling with a six figure salary. A subreddit for sharing those miniature epiphanies you have that highlight View community ranking In the Top 1% of largest communities on Reddit. The most stressful part is nurses, doctors, PA’s trying to throw me under the bus when a patient safety alert is reported. At first my boss said I was new and that it’s normal, but I’m still making these mistakes and I feel they’ve actually increased in frequency. New comments cannot be posted and votes cannot be cast. Years ago, I told myself when I started making six figures, I'd become known as the house that hands out full sized candy bars at Halloween. But in crypto, if you're good at trading and understand bitcoins price dominance on the market, you can easily make 500% per year returns. I couldn't even afford a home over 400k. But I also don't have kids nor own a home so I'm sure whenever either of those happen that'll make 90k feel a lot less than the 90k I make now. OriginalATX • • Edited . On 37years old making low six figures and in over my head. Most specialty jobs that actually request a Master I got my first job making more than $10 an hour at 23, and I'm 26 now and still working at that job. Members Online • ABlackEngineer. I started noticing people around me leaving and announcing on LinkedIn they were View community ranking In the Top 1% of largest communities on Reddit. I’m in a HCOL area. I envy you. Twenty years ago IT and programmers had their pick of the litter and now they are actively competing for jobs. Find something your passionate about. 99. Unpopular in General Yes, you can certainly make six figures being in the trades, but the vast majority of people in the trades don't. By the way, for a California budget, the rent and car figure may be a little low. I make my six figures and can honestly say that I love what I I’m about to make six figures a year but have zero financial literacy. 2019 got a job as a field trainer: $85k (note: this is prob higher than average for that type of role but I was already making that much as a store manager and negotiated accordingly) We did spent more and saved more. MissLashley • the nerdy counterpart to the "get a trade" six figure redditor Reply reply TotallyFarcicalCall • Makes 6 figures but forgets to mention he works all day every day. Obviously some lie, but making six figures in 2022 is hardly a rare occurrence, and there seems to be a good explanation as to Edit 2: I was making six figures bartending. I still work in the same industry, just not the same company. Start off 4 people who earn six figures and still feel broke To most working class families, a six-figure salary may seem like the antidote to all financial troubles. Had his credentials built up. If you consider my total compensation I've been making six figures for maybe 10 years. Sorry if it came across as me bragging. The caveat is they're all independent trainers who don't work in a corporate gym. Making Six-Figures but Still Broke, Here’s Why According to a recent report, more than 50% of millennials who earn an annual salary of $100,000 or more are still living paycheck-to-paycheck. I pivoted from retail management to L&D in 2019 and broke 6 figures within 3 years of making the pivot. Spouse and I have also accumulated the most cc debt we’ve ever had while earning less than we did in our 30s due to mental health struggles. My brother in law set me up with an interview with his old boss making $48K. My brother is a software engineer at the company, and I just started as a Network Engineer. Reply reply Mustaeklok • Many trades you Find something your passionate about. I work in MCOL and have multiple friends working in NYC/Chicago who are senior 1s who aren’t even over 90k yet. It's just not going to be I make roughly 300k a year, have six figures in savings and zero debt and I’m 40 but I still feel like I’m broke and worry about money all the time. I quit my 6 figure job after working my business for two years on the side. If you think $100k after taxes will leave you broke literally anywhere in this country you have never been even close to broke. The question is whether it will be as big of a percentage difference as it is right now. Two years ago I never would have believed I could make that much money working from home and for myself. I have no debt, car is paid off, I am in track to max out my 401k and IRA this year and still have a $1-2 grand left over each month. So make sure whatever you are doing will still be a valuable or transferable job in the future. " I’m not sure about senior 1 but senior 2 in MCOL to HCOL if you started now would be making six figures in 3+ years. T. It's a lifestyle not a financial consideration. ). Instead i chose to find a local job where i have weekends off and am home every day but still clear $100k gross (not this year though due to a rough economy in the first quarter). Most of the original travel bloggers who started at the same time as me are making six figures. It’s just that wealth inequality has distorted our minds. I'm definitely not making 6 figures, but I'm also making about 50% more than my prior IT job in Florida. But I also couldn't imagine making like 150k-200k. I worked at target pharmacy for the first 7 years and it was great! CVS bought target out and it went downhill quickly. I just do my job well, try not to spend lavishly, put as Yes, but also (mostly) no. We are unionized so any of those three things can lead to a much fatter paycheque than normal. If it weren Making 6 figure -- Problem is: you cannot copy life/work path of somebody else. What you should Or find a good corporate finance gig, maximum hours at 50 hours a week (only during close 1 week/month, and budget season 2 month/year), kick ass at your job and get a few promotions, and hit six figures by your late 20s, all while still having a social life and being able to take vacations every year (maybe multiple if you find a corporation with a nice PTO policy) . It’s exceedingly rare for newbie freelance copywriters to make that much in their first year. As art person, I did not expect to crack the mid $70's. No end in sight. 9% of people who tell you they make 'six figures' have a sub 200k income. At both jobs, I do basically 2 hours of work per week but get paid for 40 You can make six figures turning wrenches or punching keys these days so just follow demand if money is your ultimate goal. I knew nothing about IT when I started my cert path. Transportation ate up the second largest portion of the budget, ranging from $1,082 to $1,532 depending on the city, with Don’t chase losses and remember if you win again that it’s still sweet and to redeem still or at least vault it but just remember that hitting another 6 figures is not likely so don’t over extend yourself and honestly with stake I would suggest a few months of a hard break to see some good wins return but that’s just how I feel like it Enjoy it while it lasts. ” As topic says, I make 6 figures and cant afford a home without crippling my finances. Tired This is my first “adult job”, and I’m fresh out of college. Or expensive clothes. Started making 6 figures after 3 YOE, currently at 5 YOE. “Something just didn’t click,” Omega told us. HCOL areas tend to pay more too, but there's a limit. Reply reply tcobbets10 • I agree but it's very rare for a teacher to make 45k at least in BC and Alberta, it scales up fairly quickly. You just need the work ethic, talent and opportunity. I worked hard, achieved an MBA and made my six figures. It seems to be a 37years old making low six figures and in over my head. Dont just block out 30 min in your calendar. Six Reasons You Can Earn Six Figures and Still Be Broke. I already have a degree in Medical Lab The "I make six figures" lying redditor starterpack Share Sort by: Best. Together we bring in just under $90k a year. The numerical mistakes are most The "I make six figures" lying redditor starterpack Share Sort by: Best. He stayed at it. Anybody who makes six figures and doesn’t live an extremely portable life is either highly ungrateful with what they have or makes very poor financial decisions. I just Broke Six Figures! Not in a twelve-month period, so don't get too excited. The best scenario is to find something while still employed. I just graduated college and I’m starting a career soon that is salaried at $93k a year. I make over six figures now. Direct response is probably your best bet, but you’re going to be competing with an ocean of established writers and businesses - meaning you’ll be fishing for small clients and businesses that aren’t willing to shell out money to someone in their first year. I'm in a higher COL area (non There is a report which comes up pretty quick when you search for the information that roughly 64% of Americans are living paycheck to paycheck. People will argue COL, but those IE and CDCR RNs are out in the low COL areas of CA and still make that much. Making 6 figures OE as a college student . He makes about the same, but Six Reasons You Can Earn Six Figures and Still Be Broke. The problem is though there are not a lot of job opportunities in rural That's just life. Best. ” I continued, “We charge about double the going Perpetually Broke on a 6-figure Salary: the pain of living without clear financial goals The writer asks: “Is there a way to train my brain to stop wanting to buy things after years and years of Here are five things you need to do first when you are making six figures: 1. She works in HR, she just started making over 100K effective 1/1/2023. In Southern California, University of California, Kaiser, Cedars, Keck, and CDCR new graduate nurses start out at six figures before differentials. I now live in Canada, and I still think on certain aspects Singapore is much much better than Canada or most developed countries. Even if joined a trade, I'm not making six figures, it'll take years and most likely wear my body out. I have a friend who is a plumber and regularly makes six figure. " CollegeBoard. This thread is archived I started out at a trading firm making six figures. We don’t plan to have kids because we think we will struggle financially. " Earning six figures is a healthy sum of money. 3. But I will agree that the six figure jobs are just as scarce. I always wanted to be a nurse. Demand is there, but hospitals are still offering 2-3% raises to staff that remains loyal. Fuck them and their 300k houses and 80k cars. Source Hey! In that field now. I was in a similar situation as you, put in many years making high six figures and killing myself and ignoring my health. I didn't spend outside my means and always maxed my retirement accounts (of course back when I started working full time 401(k) limit was $12k/year and IRA was $3k). I found this thread a bit late, but thought I'd contribute and maybe add some encouragement. How are so many people making over six figures so broke, and incapable of moving up? Between my wife (F, 24) and I (M, 27) we make a pretty modest living. If you made six figures living in this area you'd be set. I also think it’s relative. I started a high paying job about 10 months and very proud of myself for reaching this professional and financial goal. I just left that company a few weeks ago after In my opinion, its really hard to ask someone to keep their financial future in mind when making decisions if they are trying to figure out a way to put food on the table tonight. Had his eyes on the next level up over a few years. Edit 3: If you live in a LCOL area then $100K is the new $50K Edit 4: I am really happy, but I still feel really poor. Some Yea its not like after B4 someone's gonna hand you a nice 6 figure job, you still have to be on the lookout for lucrative opportunities and be able to leverage your experience at B4 to be the top resume on the pile. Like I wouldn't I just Broke Six Figures! Not in a twelve-month period, so don't get too excited. It’s what you keep not what you make that matters. Open menu Open navigation Go to Reddit Home. Reply reply More replies More replies. At the risk of sounding cliché, pushing yourself and most importantly showing that initiative to the right people can go a long way towards that. I’m now a few jobs removed from the last one I spoke about, but I’m making well over six figures - salary - and a very nice bonus program. I am completely self taught. As your salary grows, be smart about investing it and earning interest. I just do my job well, try not to spend lavishly, put as I was more than comfortable when I was making $30k at age 26, living in a NYC 1BR. I need help. Both of us are cheap bastards, but id rather invest $100 for our future then go to the steak house on Friday. So many people still think a “six figure salary” is good because they are pre-2020 mortgage holders and are, for lack of a better term, out of touch. Making 6 figures and still living with my parents (27 years older) Hey guys! I usually never post anything but I figured this was worth sharing and probably also helped me get my little rant out I also believed to never really care what people think but sometimes it’s hard Last year during Covid, I decided to start my own business and quit my job. But yea, wth do you expect. Things like that. We are trying to right the ship in 2024, part of that is I am starting a new job this week that will pay the most I’ve ever earned but it is still well below a six figures. (Oversimplifying) I didn’t hit 6 figures until age 40, and I still feel I’m ahead of the curve. If not A personal friend of mine who started off as a guard in 2015 now is a director of operations making over six figure and being the direct supervisor of several account managers. I make six figures now but I think your 20s are for experimentation, 30s for establishing your model of self, and 40s for achievement. It’s taken a lot of hard work an perseverance to get back to 6 figures in my business. “Almost four years ago, a household earning $59,000 annually could afford a new mortgage without spending more than 30% of their monthly income and with a 10% down payment, according to a recent report by Zillow Group. I think our age group wasn’t as informed about salaries, or I know I wasn’t at least. Phlebs def don’t make six figures (and floor RNs in most states do not as well unless you’re a traveler). Even if I worked two full time minimum wage jobs, I'll never hit six figures. The ones that are tend to be working overtime, on-call or work in remote areas. Our next several paydays were spent jealously hoarding every penny and still living on a shoestring budget like we were making our old salaries. Here is a household income example of making $200,000 a year and still not feeling rich. You obviously want to enjoy it, but don’t be dumb. I run a remote house cleaning company and have also helped many others do the same. Thanks to being remote I can continue to live with my He is not as rich but he eagerly spends money on her to make her happy, while still being successful, educated, ambitious, and responsible with money. I only shared because OP asked so I thought I would tell what I got and how I got it so And we still get the usual 403b and matching. You’ll be at 100k in no time. I've since married, my husband makes six figures most years, and I still have those living-small habits. and I remember being surprised when I finally broke into the six-figure range like a couple of years ago. Buying would not only raise my monthly costs by several hundred, but because Im in Alaska, I would also have to pay for heating oil or natural gas and expensive house repairs as homes are built poorly here. I personally don't make this much but do know a few who do, only a select few make the mid to high six figures. ) since I left. We both have to travel into the office so we have to stay nearby When I started making 6 figures, I started spending them faster, so I beg of you, do not start spending your money like you have a lot of it. 😀 I honestly still get angry thinking about all the bright people I’ve worked with in other states making just above California minimum wage. In fact, I was recently promoted to management at I work in I. Not that there's anything wrong with it, but that example showed someone pumping over $2166 a month into retirement. r/Felons A chip A close button. His firm has been offering six-figure salaries and Broke into tech and got my first six figure job offer with RSUs! How do they work? Career Advice / Work Related First off I'm so excited I finally hit six figures in earnings!!! My goal this year was to leave my undesired field higher Ed and finally break into tech which I did! 🩷 I'm so blessed for this opportunity. Big money for a 25-26 year old. Still the same goofball he’s always been in private, but all business when needed Hey OP tech worker here who was making six figures and then got laid off. , paying the most ($2,760 each month) and families in Worcester, Mass. I think she was still barely in her 20s when she hit six figures though. Reply reply Mustaeklok • Many trades you You maybe need to explore more - I don’t think you could go through most of Brooklyn and Queens and think “everyone here is making 300k”. I don't make a lot of money by any means, but I make enough to live pretty comfortably as a single goober with a housemate and the occasional stupid expensive medical bill during the first two months of the year. Trying to maintain the lifestyle we “If you raise your prices, you’ll lose half the customer base. I'm prepared to retire before age 50. That'll keep you broke even at low six figures. ‘I Make a Six-Figure Salary But I’m Still Always Broke’. For me, six figures didn't happen overnight. Just making 6-figures wont cut it. I didn't set out to make six figures. Edit: I re-read the post and if you can move directly into a upper management/ownership position, that would be best. I was only making $13/hour and my bank account was in the negative just 5 years ago. I’ve always been interested in travel work, and if it does still pay very well in a few years, I’m highly considering it. It was a sudden influx because my wife and I both went from making ~35,000 each to both making 120,000 and 100,000, respectively, overnight. Open comment sort options . I was the manager so I We’re roughly the same age. But eventually, the attitude of “I deserve a fancier car and a bigger Why I Earn Six Figures But Still Feel BrokeHello, viewers! In this episode, I'm tackling a topic that's close to many of our hearts: earning a six-figure sal I'm 42 and I've been making six figures now for about 5 years. Lots of places offer sign on bonuses, but they do jack shit for retention so be prepared to job hop at least ever couple years. "Four people who paid no attention to their finances, and can't figure out why they are broke. I don't think I'll ever reach a full-time income just through Substack, but I do think it can become a meaningful supplement to my income in a year or two, especially for something I enjoy so much. And you can too without giving up your name, company name, I was a 35G, and back around 2010ish it was totally possible to walk into a rotational position with SOCOM making around $120k. As for getting customers - well that's still a mystery to me, I was luckily enough to get an article in The Next Web when I We want to help other people. I have only been in this field for 6 months. MoveTheMetal • • Edited . Max your 401 (k). I just started putting all of that on a rewards based credit card instead of coming directly out of PayPal. 401k matching at the current place is king of crap at 3%, but whatever. even if you were single and made 100k, you still I'm making the general point of how a seemingly high salary still doesn't cut it for a life that you can barely enjoy. 100k in 1980 is the equivalent of roughly 395k in today’s dollars. Truth of the matter is, most of these people are working their asses off. Took me a year to get in debt, and it’s taken me 5 years to pay half Not sure what I have to gain from randomly lying on Reddit that I make more from my travel blog than I actually do, especially as I’m not promoting it or anything else. Both companies are currently lacking business and going back isn’t an option anyway as I worked a There's no happy medium. I didn’t think it was possible, but I managed to land 2 internships this summer and am successfully overemployed as a college student. That milestone came and went and I'm buying my kids' bikes and stuff secondhand and waiting for sales at the grocery store to get what I want and rarely eating out. I make roughly 300k a year, have six figures in savings and zero debt and I’m 40 but I still feel like I’m broke and worry about money all the time. There are a few technologists that are making six figures, but most are not. (I no longer make overtime) Simply put, I make $125,000/yr and currently have $120,000 in credit cards and personal loan debt. I've been in business for six years and specialize helping B2B tech companies. It wasn’t until recently that I got tired of the debt I acquired and started on the long and arduous journey of paying it off. If you are making six-figures with debt eating away at your savings, you’re essentially aren’t at six-figure like you think you are after taxes. I do analog ASIC work, which is a pretty narrow niche and is paid on the high side for EE's, and it is also pretty damn hard too. But also think about longevity. Add a Comment. Set aside set Quickly got into cybersecurity from there and am now well into six figures with 8 years of experience. In my free time I lay in bed and doom scroll. But if you are interested in a job there, no harm trying. If you earn a Reddit community dedicated to the HBO hit TV series, The Sopranos, and movie, The Many Saints of Newark. Had a plan. The only times in my life I’ve made 6 figures were working in the mining sector and sole trading in the NDIS industry. One of my friends works at blizzard currently as a senior dev or team lead, he makes mid levels of six figures 110k-160k, another is freelance who does contract work for larger companies doing splash art. Saw a good jump in relocating, but no idea if/when I might hit that "magic number". I honestly did this because I had every single tool needed to do it. I went from poverty, to earning six figures, and then back to poverty Vent/Rant Some of my co-workers are still broke. I actually had a failed stint in med school with nearly 3 years worth of federal loans that are 4 years from forgiveness. I'm trying to retire at There are obviously exceptions to every rule, but almost every single person I know making six figures works their asses off, and this isn't talking about just at work. The notion of six figures remains the same, despite the fact that it’s actual value is significantly less than when the trope gained popularity. I worked freelance for a couple years and worked with a number of grammy winners but lost my rental in a flip and renovation. They can go fuck themselves. I’d learn about the trade on the side and it’d be a nice backup plan if IT doesn’t work out in the long run. When I wear through a t-shirt my mind goes straight to “how the fuck did this thing tear it’s only six years old, shit I can’t afford another shirt “. You’d You're 24 and worrying about not having a six figure salary? Jeezus. Reply reply TheWritePrimate • Same age, kind of a screwed around most of my 20s and am still shy of 6 figures. Today, I'm lucky to be making 7 figures annually as a high level PM Manager at a FAANG while living in a low/medium cost of living area. New. this is coming from someone who was making six figures without a degree. Tourism has decreased significantly, convention contracts are cancelling, people are spending less, and inflation is absolutely insane. I bring this up because I read so many posts about how people feel lost and very underpaid. If you think it will take a couple of hours then set a couple of hours. I am looking forward to making that kind of money in a few years. The poster says making $100,000K a year is not enough. I've recently had a "promotion" which believe it or not comes with a significant cut in my salary. I keep making numerical mistakes and email errors (not attaching documents, spelling error, etc. But you’ll make the same if not more money, while working less. I was still let go. I see it happening I don't know. I justdon’t feel comfortable at all, even though I know we’re Same here. This thread is archived Where I work in Canada, we are considered public employees so our salaries are public. I was voted “rookie of the year” my first year with my current company. I feel the same here. Share Sort by: Best. He pays the mortgage, insurance, and car, I pay all the utilities, the six big dogs' expenses (they go through I don’t think $100k is chump change even now. 4x-ed my salary in 10 years. Don’t demote yourself to manual labor for five figures a year. Edit: This is for people who buy luxury cars without a plan to I make six figures and my job isn’t that stressful. Anyone else relate to this? It just never seems like enough I still worry and stress all the time. Considering there's people out there making millions of dollars a year, tens of millions of dollars a year, or maybe even more, as income, where are the tax rates to account for those people? Because 37% of 1 million cuts it down to $630K, while 10 Salespeople making 6 figures, what do you sell and how did you get to this point ? Discussion Thanks everyone for your responses. In my opinion, its really hard to ask someone to keep their financial future in mind when making decisions if they are trying to figure out a way to put food on the table tonight. At both jobs, I do basically 2 hours of work per week but get paid for 40 At 30 I dropped out, backpacked around the US with a tent, and lived off my $10k savings for a year or two. This thread is archived You can make six figures turning wrenches or punching keys these days so just follow demand if money is your ultimate goal. (especially when you want to BUILD your Thanks for the mention! I'm not quite at 6 figures yet, or anywhere near to be honest, but I'm an optimist :) To answer the parent post: The idea for BugMuncher came as people were asking for such a service when they saw the feedback button on Google plus. My partner (27F) and I make 170K/ year before taxes but are frightened by the housing market/inflation. Auto finance manager here, I sell service contracts and Posted by u/Acid_In_My_Eyes - 37 votes and 95 comments Hey OP tech worker here who was making six figures and then got laid off. I was miserable. I was able to buy a house, I know I wont go broke, I eat slightly more expensive food and I can take my friends out for a meal and pick up the whole tab once a month or so. What benefit does that bring me? I’ve been doing this a long time. I like to think of myself as proof that you can Get into IT with no experience. You must work in incredibly HCOL like maybe Bay Area to have colleagues be near 100k at senior 1. The best thing for a I pivoted from retail management to L&D in 2019 and broke 6 figures within 3 years of making the pivot. Comfortable making $45k at age 30 too. Making Six-Figures but Still Broke, Here’s Why According to a recent report, more than 50% of millennials who earn an annual salary of $100,000 or more are still living Well, I make six figures, and my wife is a nurse and with her income added in we make a solid six figures and we feel broke a lot of the time. " Trends in College Pricing and Student Aid 2024 . Just sharing my anecdotal experience. As a Gen X who hit the six figure club over ten years ago, I found the thread on their sub hilarious. I started noticing people around me leaving and announcing on LinkedIn they were My friend is a partner in a well-regarded boutique CPA firm and they have far more work coming their way than they have people to handle; they consistently turn away potential clients. She has enjoyed working here but is very much corporate job with salary negotiations, doing self-reviews, and making business cases At 30 I dropped out, backpacked around the US with a tent, and lived off my $10k savings for a year or two. Being the curious type, I downloaded the report. You’re making six figures. It didn't matter that I was the best, the minute I started pushing back on the unreasonable requests, I was yelled at and ostracized. I make my six figures and can honestly say that I love what I Same here. Or fast cars. However, depending on where you live, making six figures may still not make you feel rich! Due to higher cost of living and inflation, making six figures is no longer a guarantee for high living. I only really started doing all of that when I started making 6 figures around age 36. Certain areas yes, but this city runs and operates because of all the people who make less than six figures and they live here so It’s about loving this city and what’s really on offer/what it I don’t think $100k is chump change even now. That's the kind of particularly acute anxiety that comes from looking at people making way more and still having a hard time. I guess I can thank my wife that her hometown just happened to be great for my career. Would it be worth it to get a CS degree (part-time) or would my time be better spent self-teaching whatever I need to know? comments sorted by Best Top New Controversial Q&A Add a Comment [deleted] • Additional comment actions [removed] Reply Katholikos • order corn • Additional comment actions. She would've been there faster but she worked for a while as an RN first. But I was not saving at least 15% for retirement, eliminating all my debt, saving for a house down payment, thinking 10-20 years ahead, etc. I'm 37, and I've been living on credit cards for the last few years. He trained with I fit the description. When I bought my house I went much cheaper than I could Currently I work 32 hours a week making $165k with a 20% annual bonus (so $198k total). Making 6 figures in DC is not the same as making 6 figures in Iowa. Rule of thumb is whatever debt to income ratio you are setting aside and save, drastically affects your income and overall net-worth. Yes, there are many. But still, reaching that milestone feels great. Even then, I document all my work on medical equipment very thoroughly so I don’t stress at all. I was in product management (not a developer) and so I had all these amazing plans for the direction and implementation of our product. Everyone’s explanation on why pharmacy suck now is completely accurate. I started out at a trading firm making six figures. So I'm only sure of what I've spent in the last 5 months. I'm 26 and I make $35k-$40k/yr completely remote. Still the same goofball he’s always been in private, but all business when needed 1. Most specialty jobs that actually request a Master However, our rules and Reddit's sitewide rules still applies. Working there made me progress a lot, and made it trivial to get interviews anywhere else. We run a restaurant together as GM and KM, and I have another salaried job working 50hrs a week as a sous chef. I work in I. I totally agree with that. Almost nobody will tell you they trade six figures except dipshits in chat rooms who are most likely lying about it. I became a mom at 19. What do you do? How did you get started? If you care to share your Skip to main content. I havent' even set one foot back in the area we're based out of (D. I was able to obtain my nursing degree. There is a way to train your brain to stop wanting to buy things, even after years and years of feeling like you need them. Log In / Sign Up; Advertise on Reddit; Shop I got my first wind turbine technician job after I got my “diploma” at 18 and now I’m 28 making 240k a year working as a Lead wind turbine technician, im 10 years in and I still love my career, I’m dumb and I figured it out, you will be fine. This seems to be one of those things that's hard to understand until you experience it for yourself. We want to move out to a 2 bedroom, 2 bath house with a yard. Some people just have “it” in them. Expand user menu Open settings menu. Everything is getting so expensive. I'm pretty positive one of the owners of the gym I manage makes six figures just from his online business (however he's been in the industry for years and is highly respected). I think I passed 6 figures in about 2011-2012'ish. Members Online • chinmakes5. At the tech companies I've worked in, I haven't seen any evidence that upper management positions are limited to married men. Your only options are to build a home from the ground up or pay very high rent. Student loans are crushing my soul. Edit: to add context, I haven't been in the area long, I'm significantly older than OP and still not making , six figures. . One marketing and one software engineering internship. It practically doesn't exist. I Still struggling and making six figures. I make six figures and my job isn’t that stressful. I have never made this much money before and the fact I’m nearly 30 and have no clue what a 401k or IRA Both my wife and I make six figures. So used to hit the ground running since day 1. I'm close to $200K now. This is not about fitting into prescribed work roles, this is about your preferences, strengths, education, experiences etc. Therefore the question is not 'should I live with my parents when I make 6 figures' but rather 'is my lifestyle suited to living with my parents'. We decided we want to help people who are looking for help from the ground up That's the only question I didn't want to see, because it's still the one I don't have an answer to. "10 Places You Can Earn Six Figures and Still Feel Broke in 2018. 4. Also been on two big vacations so far I sat down at the end of last year and made a plan I was going to hit six figures. I'm from North Mississippi and am struggling with a six figure salary. Housing is a huge issue. Magnify Money by Lending Tree. I took a break for a while and stayed a low five-figure author the entire time. "Henrys" — millennials who earn six figures but still feel broke — can blame their lavish lifestyle and economic consequences for not building wealth. Work days, I take my daytime medication to work, then my night time medication to sleep. We finally are putting Interesting. I am 29. That shit has sailed unfortunately. To get a 20k I'm from North Mississippi and am struggling with a six figure salary. metros. Productivity. Right, and six figures isn't even that much anymore. Making over 6 figures annually and still dead broke every month Between me and my husband we make around $106k per year, however we are literally almost dead broke after every As someone who has spent close to 20 years in wealth management, this is absolutely accurate. My understanding is that many online communities tend to skew younger, more educated, and people with higher incomes, so if you spend time on Reddit you're going to be exposed to a higher percentage of people making six figures than actually exist in real life. In the past two years I went from 40k to 95k and I still feel only a little better. Usa, single, thirty, been in the 6 figure group for a year now. I'm counting all the money I've earned since writing my first article in the spring of 2016. You are so right about tech being a slaughter house rn. It’s ridiculously expensive here, in bigger cities you’re usually able to find rent for a I agree, low pay for the title. There aren't any jobs here. I made $68k (base salary) out of college as software engineer, but in an area nowhere remotely as expensive as Seattle The life of someone making 6 figures in San Francisco isn't equivalent to 6 figures in Seattle or 6 figures in Florida or 6 figures in Ohio Reply reply CirclesWeRun4 • Given remote Someone above broke down an example of someone **just cracking** six-figures. Most finance books are written for people who have a lot of extra time to earn more money, or they have been making six figures for a while and already do some mid-level saving, or the books are written in confusing financial jargon. Most people in software/tech make six figures and people in software/tech are way overrepresented on Reddit. It changed for me at I don't think making 6 figures should be part of your identity. Now in my late 30s making enough to be at least 5 years ahead on my mortgage, maxing out retirement accounts plus some taxable investments, and living frugally but with the option to splurge when I want. Depending on where you work, job hopping either within a company or outside of it can help you get there. Every AFSC will set you up for success with various skills. Although I do have a masters in math. It's not like you're going to be unhappy or broke while you build up the actual years of experience for the next steps. The people who make this salary likely either 1) live in a HCOL area where it's not nearly as impressive as it sounds or 2) put a lot of effort into their career and use it as an opportunity to brag on something that's been important to them or 3) It was much easier for me to grow into a 6 figure salary. They complain about this during the company-provided lunch, sometimes within earshot of the cafeteria workers and custodians who are making like 20 bucks an hour and also live in the bay area. I know that's East Asia rather than Southeast, but figured it was close enough to count. Recently I’ve come to notice a lot of young people working for themselves or running a business and making a lot of money because of it. S. It also doesn't mean don't strive for more. However, I’m really struggling with home and work life balance. I don't desire a big house. But he works almost every day of the year. Lots of teachers are making 90k+ They are definitely Very good point here about quality of life. Even with my company's sponsorship (a Fortune 500 company), I still needed to wait several months and got some rejections. Reply reply ne0ven0m • Co-signed. I also get monthly payments that will net me roughly $9k a year, so all together I will be making $102k a year. theres a big difference. It was shift work with annual deployments, but we got paid well. It also We did spent more and saved more. You can make $200,000/yr and in a place like New York or California, those figures seem a lot more like $80,000/yr. Throw in the needing to be useful to your professional and social circle, that means your On the opposite end some will always feel broke no matter how much we make. 5 years ago, I was working level jobs and not making much money. Another thing to factor in is Cost of Living. I started making six figures around 2012. Stuck with it. probably due to the low experience and industry like you said, but I still am extremely thankful as it was significantly higher than what I was making previously so I jumped on it. bUt It'S eNoUgH iN tHiS aReA. YouTube can teach you anything as well. Your situation is only permanent if choose for it to be. Archived post. Someone else responded to this thread mentioning the Stanford study. Plan your work and be realistic with your time. He was making six figures since the 80's more or less. There are plenty of former educators in this field. I believe some of the engineers at the company do make 6 figures though, if Glassdoor is to be believed (and my salary matches). On Making six figures a year is a lot of money. The best thing for a Housing was the single largest expense in the top 10 places where you can earn six figures and still be broke, with families in San Jose, Calif. I'm making better money then I ever have, but still live like a broke college student. Also 27. Men cant seem to get it through their thick skulls that women want an educated, ambitious, financially responsible man who WANTS to spend money to make her happy. I've only got about another 10 years until I retire. ADMIN MOD We have to stop telling people that getting a job in the trades leads to making six figures. Everyone has a story of how their 'manager does nothing but gets paid for it', blah blah blah. I'd venture to say he was the first generation of perfusionists and it was a career in demand back in the day. Switching jobs, being pro-active, asking questions, making sure to understand tools/tech and not just copying & pasting similar existing code. One of the great things about America is freedom. just getting an apartment that’s too expensive and a car that costs too much plus student loans People making less than $100K: You're crazy, if I made a $100K I'd be rich People making more than $100K: I make six figures, live comfortably, but I don't feel rich. C. 20 years or so ago I got my first IT job, doing tech support part-time for a little over minimum wage while living in my car. Q&A. I’m comfortable now, but can’t stop being broke in my mind. “[My wife and I] felt Frame it as coordinating. My husband has occasionally been hospitalized and I have mental health issues. Like I wouldn't I still don't contribute to my company's 401k which is foolish, but I feel I get better returns then I would with the 401k. Over time we started A personal friend of mine who started off as a guard in 2015 now is a director of operations making over six figure and being the direct supervisor of several account managers. I'm still trying to manually calculate what I've spent. To get to the magical six figures in federal you would have to move your way up to the GS-13 position in most localities and have 10 or more years of service. But then I'm more than 30 years into my career. Couldn't find housing without a steady job and had to move to Is an online MBA worth it if I’m already making six figures? Careers/Post Grad Hi all, I’m a 26 YO female with a full time job and I’m also currently in school for my bachelors in IT online at University of Massachusetts (part time). Reply reply more The annual revenue isn't much, but I'm working on new growth channels (Reddit, IndieHackers, SEO-optimized blog posts, etc. I'll be working in internal communications for a tech company making a base I work for a silicon valley company, and my co-workers will constantly complain that they can barely afford to live in the Bay area on their six figure salary. Repeat. I am still making six figures, bonuses are better and I don’t have to put in for a vacation 3 months in advance. Already making six figures without a degree at my first dev job. I learned to live within my means in both places and had not only a great time while doing it, but actually enjoyed the challenge. I’m like you. I rent currently. That's more than they spend on rent. Get app Get the Reddit app Log In Log in to Reddit. Which is still good, just not the grandiose idea most people think of. As for the rest, its fairly disingenuous. Also a Waterloo student would only work 8 months of the To answer your six figure question more specifically, in government you will make the most income for your position in federal employment as a civil than you will in state/county/city. I know quite a few trainers who make six figures from their training business. So I don't have a lot of wants. Learn how to budget and manage your money now. We’re also a household that both makes low six figures and I’m terrified that it won’t be long before we’re poor again (we were doing food banks as recently as a year and half ago). I absolutely can't responsibly seek to have children and it is devastating to me. Before this I was managing restaurants, which taught me . I’m 26yo and work for myself in the NDIS space, I make 6 figures. In fact, there was more growth among higher When you work your way up to a six figure income, it's easy to justify taking on more and more expenses. So I thought I'd make a list of the most common reasons why someone making a lot of money can still struggle month to month. I Been making six figures fully remotely from Japan since early 2017. Because YOU dont make 100k, your FAMILY income is 100k. Salary growth was $75k —> $80k —> $90k —> $140k (switched jobs) —> $150k (switched jobs) This is a response to a post on the millennial sub with the same title. , paying the least ($1,779). Considering that a household income of 150,000 a year is the top 25% of wealth in the country, its pretty hard to argue that making six figures by yourself, even if its under that number is anything but rich. Moving out costs a minimal amount. If you earn a high income and still live paycheck to paycheck, you might recognize yourself in some of the reasons below. If someone has an easy I have a 6 figure job and enjoy frequent vacations, concerts and still have excess money for saving. I know tons of people who make like 40-80k who have a higher net worth that people that make 130-160k a year. I was making high 5 figures as a designer 10 years ago, My company was purchased by a billionaires son that was 10 years younger than me, my position was eliminated and consolidated. Hell. Stop trying to get lower class people to take pity on upper middle class. You can be broke or depressed programmer, or rich entrepreneur in the business area where other companies are rather bankrupting. That was a very different time for publishing. Some don’t. I was lucky that only 3 years out of college I landed a medical sales job making $60k a year. Ended up building my own house because I didn I started making six figures around 2012. It may seem intimidating but folks in the industry love to help others learn. At a minimum, you want to put 10% away from the day you graduate high school until the day you According to the analysis, the number of households living paycheck-to-paycheck has increased across the board from 2019 to 2024, even in households making six figures. It’s hard to believe that $100k individually is still a high income even when there are hundred-billionaires. Reasonable_Topic_169 • If you a guy married with kids and wife does not work 6 figured isn’t really enough if you want Being at six figures can mean you struggle, but you have options, you can at least consider children. If not To be honest, there's no way to validate this opinion either and it suffers from the same problem as people bragging about making six-figures. I had bought a house at 25, nothing fancy but still better than renting (for me), and by 30 I was making six figures with bonuses and raises. 9K votes, 193 comments. D. He felt poorer now that he was earning six figures than he had scraping by on the $33,000 he was making out of college. So if you're interested and you have experience, I say go for it. com" behind the factoid that is repeated in a number of news articles. In 2021, I became a mid-five-figure author with the release of a new series. Just wondering if there is any felon making six figures. I have a mortgage I really hate the whole "six figures" thing because it's totally location dependent. Controversial. I live in Northern NY and it's definitely way cheaper than living in or around NYC. Today I’m an accounting manager making $100K. zslbesrktvplhozegdkuhzsojmudjbsijkxroawwohaky