How does your salary compare?

[Bondizzo]

If you make R50K or R4mil a year........ It doesnt mean anything at all. NADA!

You can earn R500K a year and have a habit of spending R600K a year.

That puts you right down to the bottom of the list.........


As a small business owner, its not about what I earn during the year, but how much I have left after the year is finished.

I have learnt this over the past couple of years myself the HARD way. If I now look at two guys who both earn R500K a year, the one drives a old car worth R80 000 and the other drives a R300 000 out of the box car, chances are the guy who spent more than halve his salary on his transport is likely to either get an additional car allowance, or he is the guy who earns R500K but spends R600K.

So........ dont worry how much people earn in a year. Ask how much is left at the end of the year.

nice point, its about what you keep

 

[KSINGH]

nice point, its about what you keep

no, its about how you spent it or plan on spending it.

 

[CathJ]

no, its about how you spent it or plan on spending it.

No, it's about how much you have left to spend or keep after the non-negotiable expenses (basic food, electricity, school fees, etc).

 

[KSINGH]

No, it's about how much you have left to spend or keep after the non-negotiable expenses (basic food, electricity, school fees, etc).

i dont understand. why should I wait till the end of the year to spend my hard earned money on luxuries or a upmarket lifestyle? What exactly should I be waiting for?

 

[Kosmik]

Because that's what you selected. Oh well, at least we know how much you earn now

ROFL.

 

[jdjoubert]

i dont understand. why should I wait till the end of the year to spend my hard earned money on luxuries or a upmarket lifestyle? What exactly should I be waiting for?

Its just a figure of speech. Most of us get paid month end............

so spend what you have left after each month end......


no need to wait for year end

 

[KSINGH]

Its just a figure of speech. Most of us get paid month end............

so spend what you have left after each month end......


no need to wait for year end

wtf does that mean? dont buy on credit? of cos i am gonna spend what i have left. what else can i use?

 

[Gaz{M}]

R400k is only around R20 000 take home pay. Not much money anymore. An average house is R1 million, so R10 000 a month bond, and then a car and groceries/utilities will eat up the other R10k very fast.

To be truly upper class these days, you need a R2.5m house, 2 x R500k cars, which comes to around R45 000 per month. Realistically, you need about R65k take home pay then, so about R1.3 mil household income to support that lifestyle. I'm can see many many people earn that or more if you see the cars and houses people have.

 

[KSINGH]

R400k is only around R20 000 take home pay. Not much money anymore. An average house is R1 million, so R10 000 a month bond, and then a car and groceries/utilities will eat up the other R10k very fast.

To be truly upper class these days, you need a R2.5m house, 2 x R500k cars, which comes to around R45 000 per month. Realistically, you need about R65k take home pay then, so about R1.3 mil household income to support that lifestyle. I'm can see many many people earn that or more if you see the cars and houses people have.

+1

 

[Tjoker]

But my Internet is uncapped.

similar problem in the gulf. but the uncap makes it worthwhile

makes me so DAMN jealous........GREEN........but good for you

 

[Kloofvreter]

/wonders why all the "rich people" are spending their time on mybb all day :erm:

I'm sorry guys but If I made over 400k a year i'd be doing something else

The income is PER HOUSEHOLD, which might me you AND your wife.

 

[Lightscribe]

56 x R400 000 = R22 400 000......

i think these people should help or buy shares in Lightscribe's Non Profit ISP...........

http://mybroadband.co.za/vb/showthread.php?t=178237&page=26

Thanks for the mention. However, a NPO cannot sell shares, nor can any member have shares in the NPO.

We will sell products at cost and earn our salaries from the discounts received on sales numbers.

No, it's about how much you have left to spend or keep after the non-negotiable expenses (basic food, electricity, school fees, etc).

Those are all variable. Everyone has different basic food, electricity, school fees etc. costs, since every family or per premises "household" varies to a great degree.

The annual salary per household does not give a proper picture.

The poll is like a census type question. The household status is looked at in a broad way, yet explains nothing more than a single criteria. This type of broad info could then be used for instance, to determine rates for a specific area.

The question should be: "What is your personal total annual income after tax?"

That then gives the question poser, the actual spending amount available.

The answer cannot include actual costs of the individual's choices of different basic food, electricity costs, school fees etc.

R400k is only around R20 000 take home pay. Not much money anymore. An average house is R1 million, so R10 000 a month bond, and then a car and groceries/utilities will eat up the other R10k very fast.

To be truly upper class these days, you need a R2.5m house, 2 x R500k cars, which comes to around R45 000 per month. Realistically, you need about R65k take home pay then, so about R1.3 mil household income to support that lifestyle. I'm can see many many people earn that or more if you see the cars and houses people have.

Very many people with these "luxuries", afford them only through credit.

We all know how business goes...very few succeed and the R500 000 car simply gets repo'd and the house gets resold to the next person on the up cycle, on credit. Ad infinitum...

 

[KSINGH]

Very many people with these "luxuries", afford them only though credit.

We all know how business go...very few succeed and the R500 000 car simply gets repo'd and the house gets resold to the next person on the up cycle, on credit. Ad infintum...

what are you basing that on? it makes sense to some extent but is it a fact?
I have many friends and work colleagues that are earning around R2m total income with fancy cars and houses. And they are still in their 30's.

 

[TelkomUseless]

R400k is only around R20 000 take home pay. Not much money anymore. An average house is R1 million, so R10 000 a month bond, and then a car and groceries/utilities will eat up the other R10k very fast.

To be truly upper class these days, you need a R2.5m house, 2 x R500k cars, which comes to around R45 000 per month. Realistically, you need about R65k take home pay then, so about R1.3 mil household income to support that lifestyle. I'm can see many many people earn that or more if you see the cars and houses people have.

w0rd.

 

[Lightscribe]

what are you basing that on? it makes sense to some extent but is it a fact?
I have many friends and work colleagues that are earning around R2m total income with fancy cars and houses. And they are still in their 30's.

There are other sources, but this one also sums it up. Paragraph 2, Introduction. http://docs.google.com/gview?a=v&q=...9MMG2S&sig=AFQjCNHZG58L4C8JilBmPmzy5gke4aovfQ

Yes, many do do well, for a while. Some do well for ever. The majority lose everything and need to start over, if possible.

 

[Sandman30s]

R400k is only around R20 000 take home pay. Not much money anymore. An average house is R1 million, so R10 000 a month bond, and then a car and groceries/utilities will eat up the other R10k very fast.

To be truly upper class these days, you need a R2.5m house, 2 x R500k cars, which comes to around R45 000 per month. Realistically, you need about R65k take home pay then, so about R1.3 mil household income to support that lifestyle. I'm can see many many people earn that or more if you see the cars and houses people have.

You've got it sadly wrong, on the upper class opinion anyway. Anyone who has 'take home' pay is middle class... or with the salary you mention above, upper middle class.

Upper class are THESE people: businessmen who have a very high VARIABLE income, or financially independent people who have multiple sources of income, because middle class people have one source of income (themselves) and contribute very nicely to taxes and live in pretty suburbs. Upper class people also own shares in their own medium to large businesses, and their salaries are nothing compared to their shares or share options. Want that yacht or villa in Nice? Just sell 0.1% of your shares to middle class people on the stock market...

Me? I'm truly trying to break free from the shackles of middle class mediocrity, but it's a long, hard, risky road. I earn those 'high' figures above, but don't consider myself upper class. Now - my cousin who is 39 and owns his own large medical practice (and the Pick and Pay franchise below), has FOUR doctors and a pharmacist working for him full time while he watches a Man. Utd. match in the UK and a F1 grand prix in China - now that I consider upper class.

 

[yavahn]

There's too much money, and none of its mine
gimme

 

[RogueTr00per]

You've got it sadly wrong, on the upper class opinion anyway. Anyone who has 'take home' pay is middle class... or with the salary you mention above, upper middle class.

Upper class are THESE people: businessmen who have a very high VARIABLE income, or financially independent people who have multiple sources of income, because middle class people have one source of income (themselves) and contribute very nicely to taxes and live in pretty suburbs. Upper class people also own shares in their own medium to large businesses, and their salaries are nothing compared to their shares or share options. Want that yacht or villa in Nice? Just sell 0.1% of your shares to middle class people on the stock market...

Me? I'm truly trying to break free from the shackles of middle class mediocrity, but it's a long, hard, risky road. I earn those 'high' figures above, but don't consider myself upper class. Now - my cousin who is 39 and owns his own large medical practice (and the Pick and Pay franchise below), has FOUR doctors and a pharmacist working for him full time while he watches a Man. Utd. match in the UK and a F1 grand prix in China - now that I consider upper class.

Nicely summed up!

Google/wiki it guys. If I've got it right, upper class (by definition) are those whose assets work for them and don't have to "work" in the traditional middle class pleb sense

 

[RogueTr00per]

So........ dont worry how much people earn in a year. Ask how much is left at the end of the year.

I suppose, and then strictly speaking, anyone with an outstanding bond has nothing left at the end of each month/year.

I want to know WHO THE HELL is the people that clicked on R400 000 or more I want to be there friend and I would like to know what jobs they are doing cause it seems I am in the wrong position

As it's been mentioned, it's household income, so... u could be living with your sibling(s)/parents/spouse, etc... so the poll results don't mean much.