What is your NET WORTH?

[Melbournian]

i would say there would be the 5% of the overall grads.

Wouldn't u say ? - Bonuses doesn't really count as salary - sometimes you get it sometimes you don't. If i put that in i would way above.

A fresh grad in accenture would be around 40-50K mark then again this was many years ago.

Also contracting ppl (fresh grads too) would do SAP consulting can get 1500 per day but would say contracting is diff to salary earning.

 

[Melbournian]

Nah I know a few of them as well. Their base pay would be around 110-120k but bonus can be a lot (up to 100% of base in a good year)

You work your butt off though - got a friend working till 5am regularly

in which area of work is that is?
you talking walking straight out of uni - or who had work experience?

then again - what's the point - we all know people who that is and that but it's not really us - hang on i graduated a long time ago. so it wouldn't count. My high school friend - basically owns a port in malaysia and his dad is the listed within the top 10 richest people in malaysia - but it's not really my wealth - so it's just equates to nothing. i dare say i made ***K last year in salary, imports and property sales (not equity) but so what? it was a lucky year and they're people who made far more. reality sucks but i just continue moving on - happy as i am

 

[Wunderbar]

Walking straight of out uni. It's a finance job

 

[BayView]

After 15 years she only earns 130k? That's pretty crap money I say given the amount of years in the job

Now, now; no need to be a snob;

"only earns $130k"

Is this what this forum is becoming?

A swarm of overpaid "couldn't care lessers" who aren't living in the real world where the other 95% do?

There are many, many people in the world who would love to make half that per year after a lifetime of working in the same job.

 

[jaycee]

Now, now; no need to be a snob;

"only earns $130k"

Is this what this forum is becoming?

A swarm of overpaid "couldn't care lessers" who aren't living in the real world where the other 95% do?

There are many, many people in the world who would love to make half that per year after a lifetime of working in the same job.

I was going to say similar also.

Surely Deltaberry knows the answer to that question - I think it's somehting like 95% of all workes in Australia that earn less than that

 

[Melbournian]

For me - i just carry on my way.

I rather hear about real inspirational stories about how ppl made their way rather than net worth or someone else. That way it motivates to show how an average person can achieve or better his life. i reckon that goes a long way to show a character of a person.

For anyone who originated from malaysia, they probably know how the richest man in malaysia started from (now deceased), a petty labourer from china who migrated over with minimal language skills who saved every penny he had to make start a trishaw pulling business. From there he made connections, businesses doing supplies and through hard work made the biggest real estate deal ever i think, buying the barren rotten land in the mountains of a state in malaysia from the King (Sultan) for dirt cheap price. They basically laughed at why he would buy it but he said he would only if he could get a gaming license. A gaming license in a muslim country? now that's something. Now it has became a city and has various casinos and full entertainment center. His company even owns stakes in singapore casino as well as just winng the bid to run a casino in the US. Now's that's something to admire and say hey - he started a labourer and look at what he achieved.

No disrespect to anyone - it is pointless to say i know someone who inherited this and that and someone earning this and that. That's more paris hilt$% stuff if you ask me.

 

[jaycee]

For me - i just carry on my way.

I rather hear about real inspirational stories about how ppl made their way rather than net worth or someone else. That way it motivates to show how an average person can achieve or better his life. i reckon that goes a long way to show a character of a person.

For anyone who originated from malaysia, they probably know how the richest man in malaysia started from (now deceased), a petty labourer from china who migrated over with minimal language skills who saved every penny he had to make start a trishaw pulling business. From there he made connections, businesses doing supplies and through hard work made the biggest real estate deal ever i think, buying the barren rotten land in the mountains of a state in malaysia from the King (Sultan) for dirt cheap price. They basically laughed at why he would buy it but he said he would only if he could get a gaming license. A gaming license in a muslim country? now that's something. Now it has became a city and has various casinos and full entertainment center. His company even owns stakes in singapore casino as well as just winng the bid to run a casino in the US. Now's that's something to admire and say hey - he started a labourer and look at what he achieved.

No disrespect to anyone - it is pointless to say i know someone who inherited this and that and someone earning this and that. That's more paris hilt$% stuff if you ask me.

The amount of earning was within a context...

Working in the finance industry, in senior positoins and only eaarning $130k pa after 15 years is probably not a high acheiver. Yet these are senior people in banks and sometimes their lack of knowledge shows this too, but they are in positions to advise clinets or make decions on whether or not clients should be approved for a loan etc when they really don't understand the client's proposal or needs.

I think that's the sosrt of context it was meant in.

(If you're referring to this discussion)

However, rare as high income earners might be, we can certainly learn form their inestment choices and steps they went through etc as we have seen mutliple times from many forum members like this who have shared much information and been openly thanked for it on the forum too.

Paris Hilton hasn't been here for ages now...

 

[Melbournian]

No issue with high income earners

However - where some inspire with examples of net worth some are just condescending - in ur case u are not.

anyway won't pursue this thread - i did go offtopic.

 

[jaycee]

No issue with high income earners

However - where some inspire with examples of net worth some are just condescending - in ur case u are not.

anyway won't pursue this thread - i did go offtopic.

Ahh, well if that's the case, it could be cause even blind freddy can see I have nothing to condescend anyone with ...

 

[Melbournian]

LoL agree jc - i'm booked my 1st class ticket to HK in june. All this net worth and no lifestyle.

 

[coastymike]

I've done the 5am finish for circa $120k back in the early 90s so not sure what that equates to these days. But think about it guys. Who are the smart ones. It wasn't me and it isn't these guys working until 5am for $150k. It took me a long time to work this out and thankfully am happier and wealthier because of it.

Most of these guys, myself included at the time, dont realise that your $150k after taxes works out to be around $ 110k. When you work a 70 -80 hour week (hey even some weekends are thrown in) then this equates to about $45 per hour. Well you could start your own bookkeeping business and earn more than that per hour. Even contracting as a basic accountant will earn you more than that.

So don't be impressed. You shouldn't. They, and I at the time, are fools. They don't do the sums because when you do you realise that working those obscene hours is actually quite stupid.

I think most of the investors on here are a hell of a lot smarter than the bankers, accountants, lawyers and other professionals working horrendous hours for what they think is good money.

 

[Gordon Farkus]

I've done the 5am finish for circa $120k back in the early 90s so not sure what that equates to these days. But think about it guys. Who are the smart ones. It wasn't me and it isn't these guys working until 5am for $150k. It took me a long time to work this out and thankfully am happier and wealthier because of it.

So don't be impressed. You shouldn't. They, and I at the time, are fools. They don't do the sums because when you do you realise that working those obscene hours is actually quite stupid.

Spot on.

And I find it damning that the poll assumes that a person's net worth can only be measured in $$terms.

Yes, I know it's a property forum which is designed to help lead members to $ wealth through property but in unprecedented times of suffering with cyclones, floods, earthquakes, etc. to have such an ostentatious poll (which has then lead to the ridiculous posts of some that $130K is peanuts) I say is shameful.

 

[Piston Broke]

After 15 years she only earns 130k? That's pretty crap money I say given the amount of years in the job

My wages have always been way below average, my nett worth way above.
That's why I call myself an investor.
You figure it out.

 

[Dazz]

I find it damning that the poll assumes that a person's net worth can only be measured in $$terms.

Agree totally ;

• I have the nicest green lawn on the street
• Can bake a mean custard tart
• Always give at least $ 3.00 when the Salvos come knocking
• Can repair a tyre and change the oil quicker than Houdini
• Never tread on ants when wearing my orange kaftan
• Volunteer at the local art class helping elderly folk with arthritis
• Offer free lemons and oranges to our neighbours - except # 17 - she's a b1tch
• Have sent compassionate letters to all of the poor suffering souls at Gitmo

Due to all of the above, I've added an extra 2.5m to my nett worth, cos dammit, I'm worth it.

 

[FinSpec]

Perfect post Dazz....

I know some of the richest people you could ever meet, but a lot of them are pretty miserable!

That being said, I know a lot of seriously happy rich people too

Wealth is a matter of time really for the normal person - when you're starting out, it's $100k - when you've been at it for 10 or so years, you're looking at $1-5m, and the longer your leave it, the higher it goes. What would have been interesting is a second question - what is your net worth and how long has it taken you to get there!

 

[Deltaberry]

The amount of earning was within a context...

Working in the finance industry, in senior positoins and only eaarning $130k pa after 15 years is probably not a high acheiver. Yet these are senior people in banks and sometimes their lack of knowledge shows this too, but they are in positions to advise clinets or make decions on whether or not clients should be approved for a loan etc when they really don't understand the client's proposal or needs.

I think that's the sosrt of context it was meant in.

(If you're referring to this discussion)

However, rare as high income earners might be, we can certainly learn form their inestment choices and steps they went through etc as we have seen mutliple times from many forum members like this who have shared much information and been openly thanked for it on the forum too.

Paris Hilton hasn't been here for ages now...

Absolutely, that was exactly my point re 'high income earners', irrespective of the fact that it may be ahead of 95% of the population or whatever. To work horrendous hours (80 hr weeks+) for that is even more horrendous me thinks... Around 15% see the light and try to invest smartly to get out, around 20% burn out and go do charity or something like that, the other 65% remain stuck in the rat race hating life, and despite having a higher income than 95% of the population are probably less happy than them.

Re inheritance, again, fully agree. Nothing to gloat about if you inherited. We all know the first bucket of gold is the hardest.

 

[IFBB]

Now, now; no need to be a snob;

"only earns $130k"

Is this what this forum is becoming?

A swarm of overpaid "couldn't care lessers" who aren't living in the real world where the other 95% do?

There are many, many people in the world who would love to make half that per year after a lifetime of working in the same job.

Totally agree, and if making over $500k a year is still not enough to make you jealous of other peoples yearly intake, i seriously suggest sitting back and looking at how fortunate you all are.

 

[Dazz]

Looking at the graph so far, I'm not buying it.


This is classic stuff for your typical 'bell curve' profile, and the graph in no way looks like a bell curve.


I wouldn't trust this data as far as I could throw it....and certainly cannot draw any meaningful conclusions from it.


IMO, a complete waste of space this poll.

 

[buzzlightyear]

Sampling bias Dazz

 

[Dazz]

No doubt buzz.....which leads right back to the original intent of the poll.

Seems everything is based on a "Oh, I just thought it might be interesting".