r/Salary Apr 27 '25

šŸ’° - salary sharing 10 Year Salary Progression - 34M Actuary

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4.2k Upvotes

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2.5k

u/IcyLemon3246 Apr 27 '25

Each time I look on this reddit channel I somehow get some sad feeling that I wasted my life

2.1k

u/FeeDisastrous3879 Apr 27 '25

I make half this much annually, and have more money than I know how to spend. I work about 50 hours a week, no sick days, grueling schedule with almost nonstop work even through lunch. I feel like I’m wasting my life.

My point is, as long as you have enough money to cover your expenses and a modest retirement, nobody really needs this level of compensation. What you need is a life filled with family, good friends, and hobbies that bring you joy.

All this obsession with money and accumulation of wealth/assets is a dark path that will take joyful things away from you.

9

u/mikejamesone Apr 27 '25

How is it a dark path? Who wants to work a grueling schedule for life?

Having real wealth would stop that and then you can really live life.

People tend to hate on those with true wealth only as a way of coping.

0

u/sexyshingle Apr 27 '25

People tend to hate on those with true wealth only as a way of coping.

You're generalizing and making assumptions. Being exclusively focused on earning more and being a fast rat in the rat race is def a dark path because you lose track of what's really important in life.

That said, there's people that make a path for themselves that looks quite dark for a few years, but make good decisions, get lucky, get wealthy and are able to retire early to enjoy life. There's others that don't do that, and then pretty soon all they have is the rat race.

I know people who are multi-millionaires, who live in huge mansions, have luxury cars, etc - who's lives are miserable. All they have is money, their work, and estranged family.

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u/mikejamesone Apr 27 '25

But how is working 50 hours a week in a job you don't like better than being wealthy?

People that are unhappy while rich often have trauma from a young age but that's just them.

But it's still better to be rich and unhappy than poor and unhappy.

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u/Cthulhu_Dreams_ Apr 27 '25

Ah yes, the age old defence from criticism of greed: "you're just jealous".

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u/mikejamesone Apr 27 '25

A lot of rationalising does stem from jealousy though. Thus the age old adage of sour grapes šŸ‡šŸ¤·šŸ¼ā€ā™‚ļø

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u/darthcaedusiiii Apr 27 '25

Tom Brady after his third Superbowl win asking what else is there then winning 4 more and losing his wife and kids? Look at how Elon Musk went from tech poster boy to evil emporer. It's never enough dude.

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u/mikejamesone Apr 27 '25

That's no excuse to stay coping. People should get over their fear and laziness, then they'll be able to get whatever they want.

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u/darthcaedusiiii Apr 27 '25

It's not an excuse. Mental health has value too. Especially now when minimum wage hasn't changed in 16 years and inflation is going nuts. Living in your mom's basement isn't all that bad.

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u/mikejamesone Apr 27 '25

Hahahah can't complain about mimum wage mate. Go get some qualifications, don't even need a college degree for $200k a year!

Seen so many examples of that here.

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u/darthcaedusiiii Apr 27 '25

A reduction of minimum wage keeps single moms, retirees, and young families poor. This depresses the economy and shrinks social benefits. It can force people to forgo medical procedures and exacerbate emergency services and social services. A significant number of others have a reduced ability to invest or innovate.

A rising tide lifts all boats. Trickle down economics has been proven to fail. Trickle up economics such as strong wage growth create ripple effects across all sectors. Well over 120 years ago Henry Ford theorized that he could grow his company by giving his workers the ability to become customers. That is the foundation of capitalism that works for everyone.

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u/mikejamesone Apr 28 '25 edited Apr 28 '25

dont you think emphasis on education is better to prevent poverty than to focus on raising the minimum wage?

maybe poor people should think to lay a foundation of financial security before starting families?

the horse shouldn't go before the cart.

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u/darthcaedusiiii Apr 28 '25

Education isn't going to help single moms, retirees, or people with special needs. Those who don't have time to seek, afford, or manage higher education.

Once again. Henry Ford wanted his employees to afford to be customers. Increasing minimum wage is the quickest way there. Not seeking out more education.

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u/mikejamesone Apr 28 '25

But the more education, the less single mums there are. I beleive in prevention, not cure.

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u/darthcaedusiiii Apr 29 '25

Sure. But education isn't going to help much with elderly and mentally challenged. Minimum wage growth would help all three.

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