What's your regular income like? (from job, not investment)

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jbyoun1990
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What's your regular income like? (from job, not investment)

Postby jbyoun1990 » Thu Dec 27, 2012 11:26 pm

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Last edited by jbyoun1990 on Wed Mar 20, 2013 7:25 pm, edited 1 time in total.

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wshang
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Re: What's your regular income like? (from job, not investme

Postby wshang » Fri Dec 28, 2012 12:05 am

If you are fortunate in investing, at some point you will notice that your net worth is no longer correlating with additions from your paycheck.
“. . . extraordinary wealth can be made by knowing the future" - Harry Dent

chaz
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Re: What's your regular income like? (from job, not investme

Postby chaz » Fri Dec 28, 2012 12:08 am

jbyoun1990 wrote:Assuming that most of us here is not a professional investor, what kind of regular employment do you all have?
Also, how much is your income from employment and how much have you saved, @ what age? Curious to see the correlation within the members of this forum.

What is yours?
Chaz | | “Money is better than poverty, if only for financial reasons." Woody Allen | | http://www.bogleheads.org/wiki/index.php/Main_Page

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Padlin
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Re: What's your regular income like? (from job, not investme

Postby Padlin » Fri Dec 28, 2012 12:28 am

Asking folks what they make or how much they have isn't polite, you need to reframe your question/s.

You're 23, put away as much as you can as soon as you can. Wade Pfau writes about Safe Saving Rates, from what I can see after investing for 35 years it's pretty darn acurate. see table 1 in this article. http://www.fpanet.org/journal/currentissue/tableofcontents/safesavingsrates/
Regards | Bob

Grt2bOutdoors
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Re: What's your regular income like? (from job, not investme

Postby Grt2bOutdoors » Fri Dec 28, 2012 12:34 am

jbyoun1990 wrote:Assuming that most of us here is not a professional investor, what kind of regular employment do you all have?
Also, how much is your income from employment and how much have you saved, @ what age? Curious to see the correlation within the members of this forum.


As the carebears say "Sharing is caring". Since you aren't sharing, can I infer you don't care to share?
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travellight
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Re: What's your regular income like? (from job, not investme

Postby travellight » Fri Dec 28, 2012 12:42 am

I would suggest you post this as a poll so anonymity is assured.

mrpotatoheadsays
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Re: What's your regular income like? (from job, not investme

Postby mrpotatoheadsays » Fri Dec 28, 2012 12:44 am

jbyoun1990 wrote:Assuming that most of us here is not a professional investor, what kind of regular employment do you all have?
Also, how much is your income from employment and how much have you saved, @ what age? Curious to see the correlation within the members of this forum.


Noneya.

peppers
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Re: What's your regular income like? (from job, not investme

Postby peppers » Fri Dec 28, 2012 7:00 am

jbyoun1990 wrote:Assuming that most of us here is not a professional investor, what kind of regular employment do you all have?steady
Also, how much is your income from employment variable and how much have you saved,quite a bit @ what age? since 16 Curious to see the correlation within the members of this forum.
"..the cavalry ain't comin' kid, you're on your own..."

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bUU
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Re: What's your regular income like? (from job, not investme

Postby bUU » Fri Dec 28, 2012 7:21 am

wshang wrote:If you are fortunate in investing, at some point you will notice that your net worth is no longer correlating with additions from your paycheck.

I'm intrigued by this comment. I think being "fortunate" in investing is not sufficient to bring about this result you've alluded to. I think you either need to be "ridiculously fortunate" in investing (i.e., either experiencing statistically improbable returns based on publicly-available information and access to certain investments, or capitalizing on non-publicly-available information or non-publicly available access to certain investments), or "substantially fortunate" in employment compensation, followed by "fortunate" or better in investing.

The idea that anyone should be able to find their way to that golden path where net worth is no longer correlating with additions from your paycheck just doesn't hold water, in my mind.

The Wizard
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Re: What's your regular income like? (from job, not investme

Postby The Wizard » Fri Dec 28, 2012 7:29 am

My regular income is fine, just got a small raise for the new year.
But it's been going on for too long now, 40 years, so I think I'll terminate it early in 2013...
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The Wizard
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Re: What's your regular income like? (from job, not investme

Postby The Wizard » Fri Dec 28, 2012 7:33 am

bicker wrote:
wshang wrote:If you are fortunate in investing, at some point you will notice that your net worth is no longer correlating with additions from your paycheck.

I'm intrigued by this comment. I think being "fortunate" in investing is not sufficient to bring about this result you've alluded to. I think you either need to be "ridiculously fortunate" in investing (i.e., either experiencing statistically improbable returns based on publicly-available information and access to certain investments, or capitalizing on non-publicly-available information or non-publicly available access to certain investments), or "substantially fortunate" in employment compensation, followed by "fortunate" or better in investing.

The idea that anyone should be able to find their way to that golden path where net worth is no longer correlating with additions from your paycheck just doesn't hold water, in my mind.

There have been a few MONTHS in 2012 where my net worth has changed by more than my total contributions of new money for the entire YEAR.
I suspect this sort of thing is what wshang is referring to...
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Cash
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Re: What's your regular income like? (from job, not investme

Postby Cash » Fri Dec 28, 2012 8:27 am

There was a big thread and spreadsheet on this a while ago. Probably still relevant.

Edit: here you go viewtopic.php?f=10&t=88801

fareastwarriors
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Re: What's your regular income like? (from job, not investme

Postby fareastwarriors » Fri Dec 28, 2012 6:42 pm

62k gross income, working back office at actively managed Mutual fund company (the horror, yes, :twisted: )

60k in retirement accounts
50k in taxable account

I also Owned a triplex in a nearby city for 300k

age 24, been working for almost 2 years

I live in SF bay area.

Here's to transparency.
:sharebeer

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linuxuser
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Re: What's your regular income like? (from job, not investme

Postby linuxuser » Fri Dec 28, 2012 8:56 pm

I have been working non-stop since I graduated college and saving about 20% a year until 2003 when I was first laid off. Since then the employment record has been spotty.
It was the savings early on when I was younger that made the difference.


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