How much money do you earn? And how do you spend it?

[Snyper564]

Same here, unfortunately my 10 year old car was too small with a new addition to the family. Therefore, I decided I should get a bigger and newer second hand that I hope will last at least 5 years. But now I have a debt, just as the company I do work for is restructuring, which might leave me without a regular income...

You see now that is a totally different thing when you need it, nothing wrong with that. All the best with the work situation though!

 

[vba]

Throwaway account. Consultant to hedge funds, insurers, financial planners, etc. VBA guru, comp sci, actuarial background. Excel system development and automation, Excel conversion to javascript, etc. In my 40's, around R1200 per hour a few days a week. Net saving after expenses of about 85K per month with no debt. Only consult with the proviso that it is 80% remote as I like traveling and working at the same time. Btw, helps being near the coalface. Personal portfolio return of just over 20% p.a last year as was fully prepared for the global multi-asset selloff. Still some time to go before getting back in the market.

 

[Wut]

Some mothers children...I dunno.....

Mother's needs an apostrophe, as it's possessive

 

[PsYTraNc3]

I thought I was doing well for my age until seeing some of the recent posts in here...

 

[I.am.Sam]

It was rhetorical , you numpty. And besides is wasn't directed at you.
Now that we agree you a sad little twit....I'll put you on ignore where you belong.

Weak ...

 

[Wut]

I thought I was doing well for my age until seeing some of the recent posts in here...

Same here. I'm comfortable and earn way above average for my area, but seems like I'm very low on the ladder compared to some of theses stats.

 

[krycor]

I thought I was doing well for my age until seeing some of the recent posts in here...

Depends on how long you've worked/experience, industry, and location. Then you still need to account for inflation which sadly is not account for on entry level positions either i.e. a Graduate starting a job 10yrs ago got paid what one is being paid now albeit inflation has changed the true value of this amount.

Anyway for me vs specific experience I reckon i am okish.. vs total experience or age i am underpaid.. but when i take out industry brackets then i am doing well or badly So yah.. the specifics matter.

Another thing to remember is that there is no regulation on entry cost per profession baring dental, medical etc where state has a year of services of you. This means some get lucky and climb monetary curve fast while others take long due to not being afforded the same opportunity or just aren't as good (which is equally possible).

 

[GoB]

Throwaway account. Consultant to hedge funds, insurers, financial planners, etc. VBA guru, comp sci, actuarial background. Excel system development and automation, Excel conversion to javascript, etc. In my 40's, around R1200 per hour a few days a week. Net saving after expenses of about 85K per month with no debt. Only consult with the proviso that it is 80% remote as I like traveling and working at the same time. Btw, helps being near the coalface. Personal portfolio return of just over 20% p.a last year as was fully prepared for the global multi-asset selloff. Still some time to go before getting back in the market.

If only I could sell myself half as well as you for some extra income.

Personally I look down at strung-together Excel models which I need to maintain on occasion, while they could be properly designed to enable growing them into much more useful systems.
But I understand that investment professionals usually are too stuck in their ways to take advice from a developer in my experience.

 

[surface]

Mechanical Engineer, 28. Mining.

CTC: ~R98000 pm (excl. Bonuses)

Just wow.

 

[Stefan.dl]

Software Developer, 25, degree in software engineering and 5 years experience.

R42 400pm before deductions, R27 600pm after. R0 left at the end of the month after paying rent, car, insurance, food, fuel, cell, internet etc.

Looking at some of the guys here, I still feel I should be earning a bit more.

 

[CamiKaze]

Software Developer, 25, degree in software engineering and 5 years experience.

R42 400pm before deductions, R27 600pm after. R0 left at the end of the month after paying rent, car, insurance, food, fuel, cell, internet etc.

Looking at some of the guys here, I still feel I should be earning a bit more.

You're actually doing good with 5 years exp. As for feeling like you are earning too less, it depends on where you are working, and the industry that you are working in.

But job hops will sort that out.

Seems you have a money wasting issue somewhere. Not many people earn that and they are still getting by.

 

[crawler]

Don't stick around one company for ages

Unless they bump your salary substantially yearly

I made this mistake in my early 20's and now 10 years later did a couple of hops and only caught up now

 

[Pyro]

Don't stick around one company for ages

Unless they bump your salary substantially yearly

I made this mistake in my early 20's and now 10 years later did a couple of hops and only caught up now

Same. Early career job hold are probably worthwhile, and you've got less baggage to worry about.

Still R42k is decent.

 

[Stefan.dl]

Don't stick around one company for ages

Unless they bump your salary substantially yearly

I made this mistake in my early 20's and now 10 years later did a couple of hops and only caught up now

I jumped after 2 and half years and got 30% increase. Will see what happens in 2019 with promotions coming up.

 

[Alton Turner Blackwood]

Don't stick around one company for ages

Unless they bump your salary substantially yearly

I made this mistake in my early 20's and now 10 years later did a couple of hops and only caught up now

I've been with my current company for 9 years and settled with the 4 or 5% annual increases year in and year out, my reason was that I loved my job, the atmosphere and all that crap.

Looking back, hanging around this long was a mistake. This thread made me realise that even more

 

[craigba]

I've been with my current company for 9 years and settled with the 4 or 5% annual increases year in and year out, my reason was that I loved my job, the atmosphere and all that crap.

Looking back, hanging around this long was a mistake. This thread made me realise that even more

I am self-employed, so the income varies greatly from month to month. However, I have one really cool client, who helps me out when I'm short and who gives me a mandatory CPI increase annually...

But getting back to my point...

I made a move from a company for 50% more (realised that money is NOT everything). However, you have to get paid what you are worth. I am now getting 3 times as much as I was 7 years ago, due to the moves (and CPI)

 

[smkungfu]

Mechanical Engineer, 28. Mining.

CTC: ~R98000 pm (excl. Bonuses)
Nett (after tax, medical, pension, group life and disability insurance): ~R57000 pm + ~R5000-R9000 pm from production bonuses + yearly incentives
Wife's salary covers her savings + shortfall

Savings and Investments: ~R42000 min
Charity, Gifting: ~R3000
Home Loan: ~R5500
Levies + Rates&Taxes: ~R1700
Insurance (Car, Household and Professional): R900
Transport, Fuel and Toll Fees: R3000
Groceries: R3000
Eating Out; Entertainment: R1000
Internet Connection: R549
Internet Subs (Netflix, Dropbox, Hosting, etc.): R380
Cellphones: R770
Electricity: R300 (Solar Geyser; frugal household)
Domestic Worker: R800
Bank Fees: R550
Cash for Miscellaneous: R500

Uhm ok. So you a 28 year old Mechanical Engineer earning R100k a month excluding bonuses in the mining sector?

 

[Slootvreter]

Just wow.

Possibly earning dollars?

 

[surface]

Possibly earning dollars?

so 6700 dollars per month - same wow from me.

 

[craigba]

Uhm ok. So you a 28 year old Mechanical Engineer earning R100k a month excluding bonuses in the mining sector?

FML. I knew that I chose the wrong profession