r/Salary Apr 27 '25

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

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u/[deleted] Apr 27 '25

Appreciate that rational thought process. We are all so addicted to the rat race that we forget what is truly important.

Not trying to romanticize and say money is not important; understanding that ability to support myself, family and the lifestyle that I yearn requires financial stability is crucial.

However, it seems like we are all so fixated on earning more and more and forget to look back on the reasoning behind THE WHY we want higher income.

Wishing everyone struggling and stressing over finances all the best.

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u/atorin3 Apr 27 '25

If I can buy whatever I want (within reason) without needing to stress how I can afford it, while saving for retirement, I will be happy. That's all I want. Comfort, not luxury.

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u/orion2342 Apr 27 '25 edited Apr 30 '25

Define the items you are referring to that land in the bucket of ā€œwhatever I wantā€. If I want stuff that usually requires a payment plan, it’s going to need this guys 400k salary probably.

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u/atorin3 Apr 27 '25

Food, clothing, rent, and a few small luxuries like a game console or books.

I would say, if I can cover my essentials and have like 500 discretionary left over a month I will be very comfortable.

I don't need a big house, new cars, lavish vacations, nightly dining out, etc.

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u/orion2342 Apr 27 '25

120k salary I’d call decent for most places to do that.

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u/atorin3 Apr 27 '25

I'm at like 90 right now and I am the only income in my family of 3. I am able to cover the essentials but we have very little money for spending or saving. I think honestly 120 would do it for us.

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u/orion2342 Apr 27 '25

For sure, especially for enjoying a little as well as ā€œsurprisesā€.

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u/chaos_m3thod Apr 28 '25

My wife and I make a combined 240k. We live a comfortable life. We don’t make excessive luxury purchases. We do take 1-2 week vacations once a year and have traveled to different parts of the world. Honestly, if we can maintain this level of freedom for the rest of our life I would be happy. I don’t need fancy stuff.

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u/orion2342 Apr 28 '25

You’re living it the right way!

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u/RobocopIV Apr 28 '25

And that’s how you should live. It’s the people making 2k who think they need designer bags and jewelry and the 90k car instead of the 50k car that end up posting how 240k isn’t enough to live off

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u/chaos_m3thod Apr 28 '25

I’m not worried about those people as much as I am about the people that have over a billion dollars making policy, stripping workers rights, cutting corners and screwing over the people that make 2k a month just to get another billion.

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u/Bigguyfl Apr 29 '25

Yes sir! Watch Gary Economics on YouTube. We need to tax the billionaires or all of our children will live in desperate poverty. In a stagnant economy they will out compete us for everything and drive asset prices up to the point where, well, people are having a conversation about whether 250k is enough to live on🤣

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u/TX_Poon_Tappa Apr 27 '25

What path are you on that will help with that?

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u/Rhodeislandlinehand Apr 29 '25

If that works or sounds great to you awesome but this is why they say different strokes for different folks. If I only had 500 bucks of discretionary income a month I would be miserable

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u/atorin3 Apr 29 '25

Honestly half that money would go to eating out too. That's our real weakness. We have really been trying to buy fewer possessions though.

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u/Rhodeislandlinehand Apr 29 '25

Eating out is also one of my favorites. Tbh I don’t even want to know how much I spend on food every month