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What's your salary?


kerser

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£3000 can you get you a nicer car/house/lifestyle than £1600.

I must be missing your point completely..

if im' not misunderstanding him then what he's saying is this:

 

at the end of the day it doesn't matter if you earn 50k and i earn only 25, because the differences in what that extra 25 allows you to purchase (or rather the lifestyle that it enables you to lead) is not fundamentally different from what i can get with 25k, especially after tax. you say you can get a nicer car, i say that a car is just a way to get fro A to B and the fact that you are able to spend an extra 10k on a status symbol doesn't mean that you and i are living different lifestyles other than some slight material differences in the clothes we wear or whatever other status symbol you choose to spend your money on. at the end of the day neither you or i are financially free and are both "wage slaves". the extra 25k that you earn doesn't give you financial freedom. sure yo can waste more money on stuff you don't need than i can, but nice clothes and car aren't meaningful purchases in the grand scheme of things

 

disclaimer, i don't 100% subscribe to this viewpoint, just tryna expain what i THINK badman means

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He's forgetting the difference between 'salary' and 'income' and that the highest bracket of salaried income is usually 100-200k and anyone with income higher than that is unlikely to receive it through just 'salary' and therefore he is missing the point entirely.

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lol yes and yes, 

 

thanks for articulating it for me Yuri im not the best at doing that sometimes and I think the original point that I raised has been obscured and has gone off on a tangent

 

What I argued was when it was mentioned that 50k is a 'good wage' but yeah lets leave it alone now lol 

 

It is true, I have my own personal agendas when discussing these issues especially from my experiences, if anything I would like everybody to aim for better than just a 'good wage' but at the same time respect that if you are on that level then a good wage is relative and is not a yardstick for success. I personally cant see any relation between how much your wage is and success. If anything ANY salary should be treated as a means to an end to enable you to reach the next level aka invest in your money to become financially independent (End goal)

 

As somebody mentioned there is one benefit of having a larger wage and that is you potentially get to your goal that much faster but then again life isnt a race....

 

@ fresh, its a blanket term but what I am trying to describe is working for somebody under contract and them giving you a fixed monthly sum and bound by the laws of somebody who is in full time employment

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What can £3000 get you that £1600 cant for one to be labelled as a 'good wage' and the other isnt (in modern day society)

 

3k as a single person lets you rent your own studio/1 bed flat, pay all your expenses and still have the option of saving money or spending on luxuries at the end of it

 

1600 means you have to share your accommodation, pay your expenses and have next to nothing left

 

like you said the ultimate aim here is to invest your money into something that enables you to work less; a 50k pa job will let you save the money twice as fast

 

the national average is what is being used as a yard stick here

 

and therefore 50k is a good wage.

 

 

bang there it is

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Any salary is a good salary in my opinion.

makes no difference in the long run unless you plan to be a salary man for the rest of your life, in which case I cannot relate

You took what was said the wrong way.. He said 50k is a good salary at any age, he wasnt saying 50k is the minimum to be able to say you have a good salary.. You saying lower amounts are also a good salary is just agreeing with the first quote you tried to start a debate on lol

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Yeh but the debt isn't there because of their high salary, whether they're in debt or not is irrelevant in an argument of 'what a good salary is'.. I know what you're getting at.. Someone on 25k can be a lot better off than someone on 50k but if you take 2 identical people who do the exactly same things except 1 gets paid 25 and the other 50 then the guy on 50 will be saving a lot more than the guy on 25 therefore his salary is obviously a lot better

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I know its irrelevant, same as the argument of what is 'a good salary' is irrelevant as well because there are so many different concepts of what constitutes as 'good' depending on a persons perception, lifestyle and situation including external factors (which was my initial point)

 

Once you put the above argument aside though it is then you realise that people focus too much on getting a higher salary as this is the socially accepted way to show how successful you are but in reality its a mugs game (for the reasons I explained in my initial point)

 

Maybe then people will realise that working stupid amount of hours just to get that higher salary is completely pointless, theres more to life that wasting it away on making other people richer surely?

 

I dont want to disrespect anybody that works stupidly long hours coz that shit takes real dedication, something I am incapable off if its not for my personal benefit (I hope for their sake they treat it as a means to an end)

 

but what I know is that my end goal consists of me sitting on my arse while a high amount of income is rolling in on a regular basis from whatever assets I have. This will require me to do little to NO work....what does that say to the people out there slaving away on high salary jobs earning a 'good wage'?

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John doe is right in a sense, as long as u have enough to pay for food, a roof over ur head, warmth, the basics, then ur good, ur a lot better than many people in the world, any money on top of that is a bonus and u can adjust ur lifestyle depending on that.

 

Do u ever come home at night and its freezing outside and u sit down and think rah thank god i have a warm home and a fridge full of food, theres people outside sleeping in a bloody door way.

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