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

J

JimmyRott

Expert Member
Joined
Feb 9, 2014
Messages
1,193
I'm working in Tanzania for the next two years:

Expenses so far:
Housing: 950$
Car rental: 350$
Food (All restaurant meals): 350$
Drinks and Entertainment (Mostly Golf and scuba Diving): 650$
Hospital Plan: 100$
Misc Charges (Banking costs and loss on foreign exchange): 100$
Tax: 0$ (Though I still need to pay tax on the last financial year soon)
The rest I invest in ETFs.
 
V

^^vampire^^

Expert Member
Joined
Feb 17, 2009
Messages
3,877
M

Messugga

Honorary Master
Joined
Sep 4, 2007
Messages
12,746
^^vampire^^ said:
People just aren't willing to push or move for increases. I'm 28 and earn the same. I think people get comfortable and then get their 6% increase each year and then moan that they are underpaid. Companies won't go out of their way to pay you more as that eats into their bottom line so you have to make it happen yourself.
Click to expand...
I've been offered R1.05m gross now, then benefits on top of that. Thinking about it. Colleague of mine got offered R1.3m and she's as old as I am. Some big salaries going around if you're confident in your abilities and can sell yourself well (and have the right skills of course).

On the topic of increases - less than 10% wastes my time and my bosses know it.
 
SauRoNZA

SauRoNZA

Honorary Master
Joined
Jul 6, 2010
Messages
47,842
Messugga said:
I've been offered R1.05m gross now, then benefits on top of that. Thinking about it. Colleague of mine got offered R1.3m and she's as old as I am. Some big salaries going around if you're confident in your abilities and can sell yourself well (and have the right skills of course).

On the topic of increases - less than 10% wastes my time and my bosses know it.
Click to expand...

What do you do again? It's in here somewhere I know but it's easier to just ask.
 
M

Messugga

Honorary Master
Joined
Sep 4, 2007
Messages
12,746
SauRoNZA said:
What do you do again? It's in here somewhere I know but it's easier to just ask.
Click to expand...
Consulting in the IT space. The offers are for permanent positions in a somewhat senior capacity with the purpose of grooming me for an executive position.
 
SauRoNZA

SauRoNZA

Honorary Master
Joined
Jul 6, 2010
Messages
47,842
Messugga said:
Consulting in the IT space. The offers are for permanent positions in a somewhat senior capacity with the purpose of grooming me for an executive position.
Click to expand...

Makes sense.

I figured it was IT, just wanted to check if it was hands on IT or managerial.
 
M

Messugga

Honorary Master
Joined
Sep 4, 2007
Messages
12,746
SauRoNZA said:
Makes sense.

I figured it was IT, just wanted to check if it was hands on IT or managerial.
Click to expand...
Hands on, but in a "management" position currently in that I have people reporting to me. Besides, I'm more a problem solver person than a people person.
I don't believe you can manage something well without fully understanding the situation and the best way of understanding is to feel the burn right next to the guys in the trenches. Also makes it easier to make calls like retiring systems or getting rid of redundant people.
 
K

krycor

Honorary Master
Joined
Aug 4, 2005
Messages
18,546
JimmyRott said:
I'm working in Tanzania for the next two years:

Expenses so far:
Housing: 950$
Car rental: 350$
Food (All restaurant meals): 350$
Drinks and Entertainment (Mostly Golf and scuba Diving): 650$
Hospital Plan: 100$
Misc Charges (Banking costs and loss on foreign exchange): 100$
Tax: 0$ (Though I still need to pay tax on the last financial year soon)
The rest I invest in ETFs.
Click to expand...

If working abroad and being tax exempt for a year.. I'd put that funds into an ra as a way 'catch up' if you started late.
 
grok

grok

Honorary Master
Joined
Dec 20, 2007
Messages
28,671
^^vampire^^ said:
People just aren't willing to push or move for increases. I'm 28 and earn the same. I think people get comfortable and then get their 6% increase each year and then moan that they are underpaid. Companies won't go out of their way to pay you more as that eats into their bottom line so you have to make it happen yourself.
Click to expand...

Easy with the generalisations bud, at 28 the risk of a move is 10 times less for you than for guys like me at white & 50! I've known for a few years that I was stagnating at my previous company, but it was more important to keep things steady with one kid finishing studies this year and the other starting next year.

Having said that, I focused on enhancing my skillset and bided (is that a word?) my time so when the right opportunity came past I resigned and went contracting again. Stuff earning peanuts while I've got the skillset to earn more, there's more risk at my age but it's not like it can't be managed.
 
H

heartbroken

Expert Member
Joined
Apr 2, 2010
Messages
3,073
Messugga said:
I've been offered R1.05m gross now, then benefits on top of that. Thinking about it. Colleague of mine got offered R1.3m and she's as old as I am. Some big salaries going around if you're confident in your abilities and can sell yourself well (and have the right skills of course).

On the topic of increases - less than 10% wastes my time and my bosses know it.
Click to expand...

Mother bitch, I need to get my act together.
 
Pho3nix

Pho3nix

The Legend
Joined
Jul 31, 2009
Messages
30,589
Messugga said:
I've been offered R1.05m gross now, then benefits on top of that. Thinking about it. Colleague of mine got offered R1.3m and she's as old as I am. Some big salaries going around if you're confident in your abilities and can sell yourself well (and have the right skills of course).

On the topic of increases - less than 10% wastes my time and my bosses know it.
Click to expand...

Good lord. Your are in your early 30's right?
Ming sharing what the right skills are :p
 
P

Pyro

Expert Member
Joined
Dec 8, 2003
Messages
2,267
Messugga said:
Hands on, but in a "management" position currently in that I have people reporting to me. Besides, I'm more a problem solver person than a people person.
I don't believe you can manage something well without fully understanding the situation and the best way of understanding is to feel the burn right next to the guys in the trenches. Also makes it easier to make calls like retiring systems or getting rid of redundant people.
Click to expand...
Team leader type roles and executive seems quite different to me. A good way to earn more money, but the skills don't transfer well.

Not being a people person might also lead to a lot of dissatisfaction.

I'd try my hand at the role for a bar, but I doubt if I'd like it.

Once you're used to the money, stepping 'back down' is quite hard...
 
H

HavocXphere

Honorary Master
Joined
Oct 19, 2007
Messages
33,155
Messugga said:
Hands on, but in a "management" position currently in that I have people reporting to me. Besides, I'm more a problem solver person than a people person.
Click to expand...
At the mid management level it seems to me that problem solving & organisational skills are more useful than people skills. My underlings certainly don't come running to me for my people skills...
 
M

Messugga

Honorary Master
Joined
Sep 4, 2007
Messages
12,746
HavocXphere said:
At the mid management level it seems to me that problem solving & organisational skills are more useful than people skills. My underlings certainly don't come running to me for my people skills...
Click to expand...
Ditto. Actually known for being a bit "direct"
 
StrontiumDog

StrontiumDog

Honorary Master
Joined
Sep 2, 2006
Messages
10,874
Messugga said:
<snip>
28 years old with nett of R41k. Missus pays for levy, medical aid and rates and taxes and electricity and then the aforementioned bond. She earns more than me though I'm actually not sure exactly how much.
Click to expand...
How come you don't know what she earns? Does she know what you earn? :)
 
You must log in or register to reply here.
Top