Is $66,000 a good salary?

anybody who makes more than 20,000... which is very comfortable to live on compared to majority of the worlds population.. should give the rest of the money to the government for social programs. SOCIALISM WINS.

You do not need to 3 car payments and a house payment. And yearly vacations to disney world.

EMOEVOLUTION

$20,000/year? I couldn't even cover rent and food with that.

That's a high/above average salary..

$66k per year is a pretty comfortable salary if you're single. You won't be going out and buying Lamborginis and yachts, but you could buy a house, drive a functional car and still have money for recreation.

When I hear people commenting on how they think $50k is a meager amount of money to make per year upon graduating from college, I have to laugh. Don't expect to be handed that kind of money when you're fresh out of college unless you're an engineer, doctor or attorney. Even with a college degree, you're going to have to prove yourself and jump through the hoops that the real world holds up for you.

[QUOTE="EMOEVOLUTION"]

anybody who makes more than 20,000... which is very comfortable to live on compared to majority of the worlds population.. should give the rest of the money to the government for social programs. SOCIALISM WINS.

You do not need to 3 car payments and a house payment. And yearly vacations to disney world.

GabuEx

$20,000/year? I couldn't even cover rent and food with that.

I made less money than that when I went to college. I had to pay my rent and food. You can do it if you have housemates and live within your means...but, I admit, it's not fun. It's pretty hard.

$66k per year is a pretty comfortable salary if you're single. You won't be going out and buying Lamborginis and yachts, but you could buy a house, drive a functional car and still have money for recreation.

When I hear people commenting on how they think $50k is a meager amount of money to make per year upon graduating from college, I have to laugh. Don't expect to be handed that kind of money when you're fresh out of college unless you're an engineer, doctor or attorney. Even with a college degree, you're going to have to prove yourself and jump through the hoops that the real world holds up for you.

StrawberryHill

A negatory on the attorney part, gotta work your way up and have a good portfolio to rake in the $$$$

I made less money than that when I went to college. I had to pay my rent and food. You can do it if you have housemates and live within your means...but, I admit, it's not fun. It's pretty hard.

StrawberryHill

I suppose one could do that if they had to, but considering the extent to which I value privacy and the ability to be alone, I would heartily prefer not to. :P

[QUOTE="masiisam"]

[QUOTE="Tauruslink"] Yeah. There was a guy on this thread who said that 140k a year was barely enough for his family. I'm thinking, dude wtf, are you serious?Tauruslink

Yea "dude"....I am serious....

I am not going to rely on social security taking care of my wife and I when we retire... I am not going to rely on anything or anyone to put my 3 kids though college....I work for my future..not my current rate of expense..I choose to live in Southern California were all of my family is.. So my kids have grandparents that they will remember who they are and what they look like..

Because of these primary reasons is why I say 140K a year...

I own a primary residence and 4 retail properties....That alone is 8761.35 per month...Heath insurance for a family of 5 is 1142.00 per month. That is 120K without blinking an eye....I don't think I need to show the rest of my expenses.... I can assure you it's more than 20K a year....

If I choose to not live in my area.....cut back on my retirement portfolio... chimp on heath care coverage...and not plan for my children's education......Sure....we can get it done for less...But I simply refuse to...

My family and I are blessed to have the opportunities that were given to us..We love our jobs and are paid a premium for our dedication.. hard work... and commitment to our careers...

I don't expect you to share the same long term goals as my family and I.....but.....maybe a tad of respect of simply asking the question ... "That's seems like a lot..Why do you feel 140K a year is necessary?" Vs.." I'm thinking, dude wtf, are you serious?"

Oh youre back....wow this is awkward......:oops:

I don't think theres anything wrong with making a lot of money, or any of the things you said (hey I plan to be rich one day), its just that when you said that 150K a year is stretching it, it sounds like you meant that theres no possible way for you to live with any less. It kinda sounded like you were one of those rich spoiled brats who is like "OMG I need 150K to survive, there is like no way I would be able to survive with any less! Like OMG!!!!" (Paris Hilton comes to mind), when the reality is that there are lots of families who live with much, much less. Again I don't think theres anything wrong with having that much money, and I find it admirable that you care so much for your family. You are right when you say that you are blessed. And with your explanation, I can see that you are not a spoiled Paris Hilton-type person. I apologize for the misunderstanding.

I understand where you are coming from and I also apologize for the misunderstanding....

Sometimes I do forget where I am posting (I mean that with no disrespect) the age difference is usually quite high.....I am 36... so I think if I was in my teens or twenties and hear some guy say 140K..I might think rich bastard... WTF?...;)

I don't think teens and twenties think to much about retirement/college funds........I know I didn't......So I should have added more of a description on why I think 140K is necessary.

66K is a good salary:D