View Full Version : Poll: What's the gross income of your household?
What's the gross income of your household?
Please Note: answers are private :)
Luna Lovegood
25-05-2009, 15:35
What is actually considered average by the BOS?
Luna Lovegood
25-05-2009, 15:59
Will look it up.
Thanks for rick rolling me.
Chunkydunks
25-05-2009, 16:00
under 15,000
Thanks for rick rolling me.
anytime!:)
Luna Lovegood
25-05-2009, 16:02
anytime!:)
You have inspired me- I have found away to get you back.............:devil6:
:eek:Wow. I cant believe someone has a yearly income of 1,000,000.
I wish:cool:.
Chunkydunks
25-05-2009, 16:10
Just did a re-calculation......with the extras we get because of DH being on DSP no its closer to $25,000
Its still not easy to live off that but hey we're happy that we're getting anything.
3blue&1pink
25-05-2009, 16:11
:eek:Wow. I cant believe someone has a yearly income of 1,000,000.
I wish:cool:.
Same! :cool:
What is actually considered average by the BOS?
I'd love to know.
I'd always thought it was about $50k for a single person, but not sure, or for a family.
My answer to the original question is...not enough!:D we're both working part time (by choice) verus the two full time incomes we used to have.
Chunkydunks: does the $15k include everything? That's amazing that you can budget off that as it's only $300 per week. The average rent or mortgage is higher than that. I have friends who earn 10 times that and they don't save much.
Who's the million:cool:?
Cause it aint' me:laughing:
I find it hard to believe anyone with a child would get less than 15000 p/y. Centrelink pays more than that for the pension..low income partnered or single.
The pension is a taxable income...it's the family tax A and B that's not :)
Chunky did you include all your benefits. Maybe you miscalculated:).
Who's the million:cool:?
Cause it aint' me:laughing:
Maybe someone is having a lend of us:detective:.
Chunkydunks
25-05-2009, 16:22
yeah I did....I corrected myself. It used to be stuff all when DH was on newstart but is a bit more now. I'm probably still not calculating it right.....brains not working.
theres 2 millionaires now:detective::laughing:
theres 2 millionaires now:detective::laughing:
:laughing:
NibbleCurlynBub
25-05-2009, 16:27
Second from top.
LOL no wonder Bugaboos are so popular with all these millionaire mums!
(no I am not one of them ROFL)
We will probably be in the six figure category this year but after tax it's a different story.
sockstealingpoltergeist
25-05-2009, 16:43
The wealthiest 20% of households in 2005-06 accounted for 61% of total household net worth, with average net worth of $1.7 million per household. In comparison, the poorest 20% of households accounted for 1% of total household net worth and had an average net worth of $27,000 per household
http://www.abs.gov.au/ausstats/abs@.nsf/Latestproducts/6523.0Media%20Release12005-06?opendocument&tabname=Summary&prodno=6523.0&issue=2005-06&num=&view=
Exactly why some socialism is in order.:D
Average income
The average wage is $ 50,000 p/a, the median would be more like $30,000 - $ 40,000 p/a. The minimum wage for an Australian worker is $12.95 p/h for a full time worker
"The average pay packet might be $57,000, but very few people are actually earning that. it is skewed because of the massive pay packets of the upper end of the scale which hide the fact that most people are earning between $35,000 to $40,000
http://www.news.com.au/business/story/0,23636,22763090-462,00.html
So that would be 30- 40, 000
does net worth = income? I would have thought it would have something to do with assets etc?
does net worth = income? I would have thought it would have something to do with assets etc?
Gross = the money you earn before paying tax.
Net= the money you are left with after paying tax :)
Gross = the money you earn before paying tax.
Net= the money you are left with after paying tax :)
No, net worth does not equal income. Income is a flow concept, while net worth is a stock concept. And yes, net worth is the sum of all assets owned less the debt owed.
I find it hard to believe anyone with a child would get less than 15000 p/y. Centrelink pays more than that for the pension..low income partnered or single.
The pension is a taxable income...it's the family tax A and B that's not :)
Not everyone on BH has children, I can think of a few students too :yes:
we are in the $50-70 range and i dont have a clue how anyone survives on less than that :no:
subaruforestermum
25-05-2009, 18:00
No idea!!! As I work casual, and DF works a lot of overtime...
I have estimated with centrelink $75 but that's likely to be way over the top as I've stopped working...
TripleTime
25-05-2009, 18:33
Were in the 80,000 - 100,000 range. DF works his butt off to get though.
nsmonkey
25-05-2009, 20:06
Hhmm I feel poor now. :(
sockstealingpoltergeist
25-05-2009, 20:08
Were in the 80,000 - 100,000 range. DF works his butt off to get though.
I know you wern't meaning to offend, however many people on lower incomes work their butts off too.:yes:
nsmonkey, have a look at my sig;)
you're only as poor as you feel sweets:hugs:
MothersMilk
25-05-2009, 20:12
Working your butt doesn't guarantee a high wage unfortunately.
We get by on a modest income by being wise with the little we have :D
nsmonkey
25-05-2009, 20:20
Thanks Tommo, very true.
I am happy and I do love my life with my family, thats all that matters. :)
DH works his butt off too, in the hot sun all day everyday. Still waiting for all that extra money fall from the sky.
We're on about $70k right now...well until next week and then I have no idea, we've just bought a pub that is currently closed so who knows!
We're on about $70k right now...well until next week and then I have no idea, we've just bought a pub that is currently closed so who knows!
Wow how exciting, good luck! :yelclap:
We're on about $70k right now...well until next week and then I have no idea, we've just bought a pub that is currently closed so who knows!
I had a client last year who bought a closed (failed) country pub. I was so sceptical...but she's made a go of it and loves it! :)
I am a millionaire......well I was last night. The night before I was a vampire and the night before that My DD grew horns:eek:
we are in the $50-70 range and i dont have a clue how anyone survives on less than that :no:
we dont have 5 kids :p
Well, we have 4 and survive on less!
We have gone to a very low income this year - for a good reason. DH works his butt off, is up until 1am everynight and has work to do on weekends too.
Hard work does not equal big bucks :no:
I think i need some frugal living tips of some of you amazing people!
i always struggle to make my DH's wage stretch.. now we have even more debts .. have to pay $6000 off :gloomy:
dont know how...
i am thinking of selling one of his three kidneys. :yes:
i am thinking of selling one of his three kidneys.
:thumbsup:
I find it hard to believe anyone with a child would get less than 15000 p/y. Centrelink pays more than that for the pension..low income partnered or single.
The pension is a taxable income...it's the family tax A and B that's not :)
I've not been in Australia long enough to qualify for some benefits - so my income is zero and but I do, luckily, get tax A and B, so approximately $300 a fortnight. Obviously, I'm living off my savings until I go back to work!
Wow how exciting, good luck! :yelclap:
I had a client last year who bought a closed (failed) country pub. I was so sceptical...but she's made a go of it and loves it! :)
Aw thanks guys :) It hasn't been closed long, the previous guy had a bit of a marriage breakdown as far as I know and they closed the place, but it won't take long to get it up and running again. It's very exciting and a bit scary all at the same time!
Mamalicious
28-05-2009, 20:26
With DS's sickness benefits it's $27,000. Without, it's closer to $14,000.
I'm really hoping the new govt don't take his benefits away, I've already had a visit! Told them where to go too. :devil6:
roohif...I was be over the forking moon for a start! :laughing:
I'd get DS a pair of shoes...and myself something to wear without holes in the bum...and I'd buy a house, so we always had somewhere to live. :yes:
sockstealingpoltergeist
28-05-2009, 20:28
I'll put up my hand and own up to being the Hubby in one of the households with the $1m+ incomes, although this my first and possibly only post, so good luck trying to figure out who Wifey is ;)
I often wonder about how my life would change if I no longer had money, in the same way that I imagine most people wonder about their lives if they were loaded.
So hypothetically, if we were to trade places tomorrow, how do you think your life would change?
Good question, and I think it deserves it's own thread.
For me I don't know. I guess less stressful.
I know that we are quite well off compared to most people. I consider my DH to be a high income earner.
My life changed unbelievably going from a sole parent to a a high income bracket, so being in the millions it would change even more.
I guess the main things would be, freedom. Freedom of choice when it came to vehicles, education, housing (areas and size etc).
It would eliminate a lot of stressors, not worrying about paying the bills etc. Not worrying about if you can aford to buy undies because all of yours have holes in them.:laughing:
It would eliminate alot of worry about my children. I don't worry too much now, but when I was a sole parent I did worry about feeding her and clothing her, just the basics, like how we are going to buy new shoes etc.
Oh yes and when I was a single mum I often went without a phone and had the power cut off a couple of times.
Ok, I will admit it...Roohif is my DH :yes:
;)
3 people have a gross yearly income of over 1 000 000? Blimey. When did Malcolm Turnbull join bubhub??
roohif - how do you have time to do bubhub?
roohif - how do you have time to do bubhub?
Indeed. Shouldn't you be off paying my mortage for me? :p
So hypothetically, if we were to trade places tomorrow, how do you think your life would change?
I suspect that my life would change in that I wouldn't get to see much of my partner anymore, if the income was derived from a job (as opposed to an investment/inheritance etc).
My former employers were millionaires many times over. I used to wonder how things would be different. The old thing applied - they were no more or less happy than me.
But we (just! :D) earn over the amount that satisfies basic needs (ie. we can pay the mortgage, buy food, have private health insurance, have the occasional holiday etc). If I was on a really low income, I think my happiness would rise dramatically in the absence of the stress of how I would keep a roof over my family's head.
I actually have no desire to trade places with anyone, regardless of how much money they have. I can say this in all honesty....no desire whatsoever.
We used to be on a higher income (not high, but higher) and I can truly say that since we have reduced our income, and are living more simply, life has never been better. (ALthough my Dh still works around the clock, the work is more rewarding I guess, regardless of the income....)ALthough I still feel like I spend too much when the majority of the rest of the world has so little...I can just imagine my feelings of guilt if I had even more money to spend. I already get caught up with the whole shopping mentality sometimes and often find myself 'needing' things that we don't really.....
So, I guess, that would be my answer....how would my life change? I would feel more guilty about they way we live. On the other hand, I would have more money to be able to put to good use to actually give some decent help. MMM, yeah....good question....food for thought. :detective:
What I am wondering is who are the 4 bh users with gross income of more than $1 Million.........woah!!
We aren't talking what are you worth or what are your assets worth, this is just yearly gross income.
2girls&1boy
29-05-2009, 19:18
Ok, I will admit it...Roohif is my DH :yes:
;)
Well it is a good thing he earns that $M bracket because he is actually my husband too!!!! :eek: :D
He really needs to keep us all in the lifestyle we would like to become accustomed to ;)
canberramomma
29-05-2009, 19:25
I'll put up my hand and own up to being the Hubby in one of the households with the $1m+ incomes, although this my first and possibly only post, so good luck trying to figure out who Wifey is ;)
I often wonder about how my life would change if I no longer had money, in the same way that I imagine most people wonder about their lives if they were loaded.
So hypothetically, if we were to trade places tomorrow, how do you think your life would change?
Hmmmm, stay in bed late - with hubby, have paid off the house, be able to help DD#1 with her Uni fees, do more altruistic good deeds, help my folks. Just a few for starters.
Nah, I seriously don't care how much people have. It's what they do with it that counts!
3blue&1pink
29-05-2009, 19:54
Is that his actual income though? or is that his business turnover? (I assume he runs a business) or maybe his a famous person :detective:
I thinkI know who your wife is now :)
2girls&1boy
29-05-2009, 20:10
I wouldn't be famous for quids!!! I love being anonymous ;)
And yeah it's income - the word "turnover" doesn't really mean much in my line of work. Long story. Won't bore you with it.
I am intrigued now :detective:
MothersMilk
29-05-2009, 20:13
I am intrigued now :detective:
As am i. How about you indulge us with your boring story roohif :D
TripleTime
29-05-2009, 20:14
Me too!
Share? please.
2girls&1boy
29-05-2009, 20:22
Tell us while you are counting your money!!! ;)
You've posed an interesting question, roohif. Its always tempting to have pipe dreams about what you'd do if you won Lotto etc, but the reality is, if our income was equivalent to yours, I'm not sure our life would change much.
We're by no means poor. We (and I mean hubby) earn a fraction of what you do, but its a pretty healthy fraction. I have actually been pondering lately as to what the REAL worth of returning to work (for me) would be, when we can pay our mortgage, fill the car, pay for our girls' school, and eat, drink and be merry on just the one income.
Would we move to a bigger house? No. The one we have now is just fine. Buy a new car? Possibly. But possibly not ... it runs fine. Buy a second car? Probably not ... because hubby would still ride his bike to work every day and the thought of having an extra car just to drive on weekends seems ridiculous.
We would probably travel more extravagantly in the holidays, and not moan so much about the price of airfares. (I have a little pipedream about uniting the whole family on an island in the Whitsundays over Christmas ... but that's a two income fantasy :D)
I might consider a housekeeper, and definitely a cleaner. But I'd be getting either one of those when I go back to work anyway.
Nick might get a new Colnago to add to his collection. But would he be working so hard he wouldn't have time to train? I might have my nails done and a regular massage and the like - but I could do that now, time, not money, being the problem.
Its like paying $150 for a bottle of wine, when a $30 bottle is still scrumptious. Why bother? I think I have convinced myself its all about attitude. Once you get to a certain income level, where you cover all your needs and most of your wants, most people would be happy, I think.
MothersMilk
29-05-2009, 21:28
Ahh the stock market.
I tried to make my millions that way but alas it hasn't worked for me........yet ;)
3blue&1pink
30-05-2009, 07:23
Ahhh.. :)
Skittles
30-05-2009, 07:44
Im one of the ones earning over a million a year...then i realised it was in dollars and not yen. Opps. lol
Nah Dh and i are in the 70000-100000. We both work. DH works long hours and sometimes a 7 day week. A few months ago we were earning alot less and honestly thigns were very stressful. Had trouble making ends meet and we were not happy. Now i am back at work and things are very comfortable if not a bit hectic...
bronny-jane
01-06-2009, 17:52
:laughing: well im no millionaire:no:... would love the extra $$$$ though...
we get just under $90,000... and still are broke:laughing:
myersmummy
01-06-2009, 19:47
Well it change's all the time for me. When I'm working full time I get between $700000 and $800000 ( have only worked full time 2 years)
When partime its around $500000 and Casual ( what I'm doing at the moment) is around $120000.
I have been working in my job since I was 14 besides when I was 17 when I was living off center link as I had yet to "come in to my own" and had to be off work for a year,
and to tell you the truth the things that made me happy then still make me happy today.
DP gets more then me as he is at a higher level. I will let you guess what my job is ;)
We get under 40,000 but we still don't miss out on much.
The kids go to a private school etc...
It's not how much you make, it's what you do with it that matters.
Mrs Dolphin
01-06-2009, 20:25
myersmummy - wow do you really mean that much or have you put an extra zero onto those amounts? Like you are talking $700k, $500k etc or $70k, $50k??!? :confused:
I am intrigued as to what you do :detective: Does your DP do the same as you?
We are under $50k here but agree with loving5 that it is what you do with it that matters! ;)
myersmummy
01-06-2009, 20:34
myersmummy - wow do you really mean that much or have you put an extra zero onto those amounts? Like you are talking $700k, $500k etc or $70k, $50k??!? :confused:
I am intrigued as to what you do :detective: Does your DP do the same as you?
We are under $50k here but agree with loving5 that it is what you do with it that matters! ;)
:laughing: No extra 0's here Mrs Dolphin.
Yes Dp does the same job, but at a higher level, so is paid more, as does DD1's father.
Like I said I have been working/training at this job since I was 13/14 years old and worked my way up from $30k a year but did not see a dime to my 18th birthday. :)
Well it change's all the time for me. When I'm working full time I get between $700000 and $800000 ( have only worked full time 2 years)
When partime its around $500000 and Casual ( what I'm doing at the moment) is around $120000.
I have been working in my job since I was 14 besides when I was 17 when I was living off center link as I had yet to "come in to my own" and had to be off work for a year,
and to tell you the truth the things that made me happy then still make me happy today.
DP gets more then me as he is at a higher level. I will let you guess what my job is ;)
:laughing: No extra 0's here Mrs Dolphin.
Yes Dp does the same job, but at a higher level, so is paid more, as does DD1's father.
Like I said I have been working/training at this job since I was 13/14 years old and worked my way up from $30k a year but did not see a dime to my 18th birthday. :)
Ooh, it's like a puzzle. I'm thinking very hard, but can't get it. And I have to go to bed soon. A hint?:D
You sell saucepans under a pyramid selling scheme right?
Ooh, it's like a puzzle. I'm thinking very hard, but can't get it. And I have to go to bed soon. A hint?:D
My mind is running in circles :detective:
First thought was pyramid scheme :laughing:
You sell saucepans under a pyramid selling scheme right?
First thought was pyramid scheme :laughing:
...great minds think alike :yes: (but apparently great minds still don't earn the big bucks!:laughing:)
JabberJaw
01-06-2009, 21:49
Well it change's all the time for me. When I'm working full time I get between $700000 and $800000 ( have only worked full time 2 years)
When partime its around $500000 and Casual ( what I'm doing at the moment) is around $120000.
I have been working in my job since I was 14 besides when I was 17 when I was living off center link as I had yet to "come in to my own" and had to be off work for a year,
and to tell you the truth the things that made me happy then still make me happy today.
DP gets more then me as he is at a higher level. I will let you guess what my job is ;)
My guess is you are in the stock market and your hubby is the millionaire guy :D roohif :confused:
Yes, Amway or network/pyramid marketing/schemes did cross my mind.
But now I'm thinking something in entertainment? The holding of the money (presumably on trust) until 18 makes me think something along those lines.
biscotti
01-06-2009, 22:16
Well it change's all the time for me. When I'm working full time I get between $700000 and $800000 ( have only worked full time 2 years)
When partime its around $500000 and Casual ( what I'm doing at the moment) is around $120000.
Seriously impressed here ......and you're 20 yrs old with a 2 yr old and you can earn nearly $1M a year full time.
I'm in the wrong job :laughing:
Sport?? Tennis?? Except I can't think of a 20 yr old on the circuit with a 2yr old...have to keep thinking :D
MyFourCubs
01-06-2009, 22:30
has to be modelling, surely????:detective: Whatever it is I'm JEALOUS!!!!!!!!!!!!!!!!!!!!:rain:
MothersMilk
01-06-2009, 22:52
Well i suck at guessing games - how about you just tell us myersmummy :D
I am dying of curiosity.
Please...
Mrs Dolphin
01-06-2009, 23:32
My goodness no accidental 0's hey!
Hmm you have me thinking now too....my first thought was pyramid selling but somebody's suggestion of modelling makes sense (and dollars so it seems!!) too. And that would fit in with having to have a year off with your bub.
Please let us know! :)
:rolleyes:
money is not the answer to happiness ladies.. you can tell by looking at those rich doods on TV..
i hate this thread.
Mrs Dolphin
01-06-2009, 23:46
Oh yes I totally agree with you Morrigan but I am just intrigued as to what kind of job could possibly earn that kind of personal income!!
With DS's sickness benefits it's $27,000. Without, it's closer to $14,000.
I'm really hoping the new govt don't take his benefits away, I've already had a visit! Told them where to go too. :devil6:
roohif...I was be over the forking moon for a start! :laughing:
I'd get DS a pair of shoes...and myself something to wear without holes in the bum...and I'd buy a house, so we always had somewhere to live. :yes:
sory totaly off topic but can i ask what is sickned benifit, just curious
Oh yes I totally agree with you Morrigan but I am just intrigued as to what kind of job could possibly earn that kind of personal income!!
if the peep that has it hasnt told you .. then you have to wonder hey.
my mother always said "Rachael, if it sounds too good to be true, that is because it is.":rolleyes:
Mrs Dolphin
02-06-2009, 00:15
if the peep that has it hasnt told you .. then you have to wonder hey.
my mother always said "Rachael, if it sounds too good to be true, that is because it is.":rolleyes:
Yes sure does make you wonder why...and your mother sounds like a very wise lady! :)
:rolleyes:
money is not the answer to happiness ladies.. you can tell by looking at those rich doods on TV..
i hate this thread.
I totally agree with you, as per my earlier posts :)
biscotti
02-06-2009, 09:04
:rolleyes:
money is not the answer to happiness ladies..
No it's not, I quite agree.
DP gets more then me as he is at a higher level. I will let you guess what my job is ;)
My guess would be real estate??
:rolleyes:
money is not the answer to happiness ladies..
Yeah but the lack of money is pretty miserable too.
As good old Charles Dickens once said:
"Annual income twenty pounds, annual expenditure nineteen nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery."
Obviously the less money you have coming in, the more chance you have of spending more than you earn (just because the basics of living cost a certain amount, iykwim).
That said, we have always lived to our means - when DH & I first got together we were earning about £18k between us (I guess that's about $35-$40k?). Which wasn't very much at all in the UK. But we survived.
Nowadays he earns $110k but we're living in an expensive area and manage to spend most of the money each month.
Yeah but the lack of money is pretty miserable too.
As good old Charles Dickens once said:
Obviously the less money you have coming in, the more chance you have of spending more than you earn (just because the basics of living cost a certain amount, iykwim).
That said, we have always lived to our means - when DH & I first got together we were earning about £18k between us (I guess that's about $35-$40k?). Which wasn't very much at all in the UK. But we survived.
Nowadays he earns $110k but we're living in an expensive area and manage to spend most of the money each month.
For us, the opposite is true....we were much worse off week to week when we were on a higher income! We are on a low income at the moment and do not have credit or loans so are not swamped with fees and repayments! We just spend what we actually earn :)
if the peep that has it hasnt told you .. then you have to wonder hey.
my mother always said "Rachael, if it sounds too good to be true, that is because it is.":rolleyes:
:laughing: Your mummy sure is a wise woman ( as are you):D.
bronny-jane
02-06-2009, 12:22
Oh yes I totally agree with you Morrigan but I am just intrigued as to what kind of job could possibly earn that kind of personal income!!
oh cmon, surely im not the only person thinking "adult entertainment"... my brothers ex racked in thousands each week, and she was not "high class escort"...
ETA im not implying the poster is an escort, just saying theres lots of cash in that industry;)
oh cmon, surely im not the only person thinking "adult entertainment"... my brothers ex racked in thousands each week, and she was not "high class escort"...
ETA im not implying the poster is an escort, just saying theres lots of cash in that industry;)
She said she was in training since age 14...
bronny-jane
02-06-2009, 12:38
She said she was in training since age 14...
maybe an actress:)
myersmummy
03-06-2009, 17:36
:laughing: So I have been a scheme artist, a female escort and famous
Well to put you out of your misery I will tell you that I work in the humint industry ( as I like to call it) and leave it at that.
MothersMilk
03-06-2009, 17:39
What the heck is humint? I've never heard of that :o
ETA: okay i looked it up. Sounds very mysterious and interesting.
Pina Colada
03-06-2009, 20:12
:laughing: so curious ladies! Never heard of humint either, googled that one, very interesting!
DH makes a more than decent wage as a civil engineer. Hoping to make a big move into trading shares and commodities by the end of the year (six figure move :eek:), training and educating myself now. That will be my job so to speak. DH will be able to retire within 5 years, but my plan is for 3 years, he has always dreamed of retiring at 45 so I will make that happen (excuse all the positive thinking, I've just read 'The Secret' :laughing:, so no 'maybes' or 'hopefully's allowed ;))
By then we might be able to select the $1million+ club :p
Boobycino
04-06-2009, 14:29
That was almost a depressing excersize. I was hoping to see that tere were lots of families in our position, but it appears that the 'average' family is livin off twice our yearly income :(
*fingers crossed* I can find a job ladies, cos we're financially up a particular creek without a paddle!
I just need to find one, half decent, full time nannying job and I think we can survive!
- also - OMG how do you earn $1,000,000 a year?!?!?! Share a little with the rest of us!
:laughing: So I have been a scheme artist, a female escort and famous
Well to put you out of your misery I will tell you that I work in the humint industry ( as I like to call it) and leave it at that.
so you come to bubhub to collect and rob us of our intelligence then? :laughing:
That was almost a depressing excersize. I was hoping to see that tere were lots of families in our position, but it appears that the 'average' family is livin off twice our yearly income :(
*fingers crossed* I can find a job ladies, cos we're financially up a particular creek without a paddle!
I just need to find one, half decent, full time nannying job and I think we can survive!
- also - OMG how do you earn $1,000,000 a year?!?!?! Share a little with the rest of us!
I hope you can find a job soon.
You have to remember, too, that whilst some of us have a high-ish income, we may also have high expenses too. DH earns 110k pre-tax BUT our rent takes up 42% of his take-home pay. Because of us living close to his work.
We *could* move further out and probably pay half the amount of rent we currently do (or even pay less if we ever get around to buying a place) BUT we have chosen to live in this area, and it's notorious for being rather expensive (and not just housing, everything costs that little bit more in this area, even groceries!).
V8 Crewy
04-06-2009, 16:30
I would have to agree with TillyG. The higher the income the harder you work, the more stress you get and bigger the risk you have of crashing.
I think you might find that majority of the "average family" is struggling day to day.
Some of the post i read I do not believe. As much as some ppl claim the 1,000,000+. If they sold everything they earn and paid out all there bills I think you might find they would be no better off then everyone.
In saying that, I admire everyones success as I know how hard it is to get it and all the strain it can cause on the way.
sockstealingpoltergeist
04-06-2009, 16:38
I hope you can find a job soon.
You have to remember, too, that whilst some of us have a high-ish income, we may also have high expenses too. DH earns 110k pre-tax BUT our rent takes up 42% of his take-home pay. Because of us living close to his work.
We *could* move further out and probably pay half the amount of rent we currently do (or even pay less if we ever get around to buying a place) BUT we have chosen to live in this area, and it's notorious for being rather expensive (and not just housing, everything costs that little bit more in this area, even groceries!).
Many people would love to live closer to their work. They do live further out and have to travel long distances. Just because someone works in the city or in an expensive area that doesn't mean they earn a mint. There are all sorts of jobs on every level all over the place.
So really that is your choice.
V8 i have to disagree with you too, because poverty brings far more stress then some people can ever imagine.
My life is far less stressful now that i am not living in poverty.
Also some of the hardest workers I have ever met work long hours at low paid jobs.
v8, i have to disagree too.
we make a very nice wage, and dh works 6-7 days a week, 9-14 hours a day, so yes he works REALLY hard for us to have a nice wage,
BUT i know plenty of people working as hard as him who arnt half as well paid as him.
Many people would love to live closer to their work. They do live further out and have to travel long distances. Just because someone works in the city or in an expensive area that doesn't mean they earn a mint. There are all sorts of jobs on every level all over the place.
So really that is your choice.
V8 i have to disagree with you too, because poverty brings far more stress then some people can ever imagine.
My life is far less stressful now that i am not living in poverty.
Also some of the hardest workers I have ever met work long hours at low paid jobs.
Oh I agree it's our choice to live where we do (and to be honest, living where we do has "spoiled" us for other areas - nowhere else can come close to comparing at the moment!).
However, before we moved to Sydney we lived in the UK. And DH used to have to drive 90 mins to work and back each day, along a hideous route. He hardly saw DD (would leave just as she got up and would rarely be home before she went to bed) and it really took a toll on our marriage too. Plus he used to have to work away a fair bit too.
So, when we emigrated (having never been to Australia before!), we made the decision that we'd rather live close to his work in order to cut down on the commuting, because of the damage the commute did to our relationship before.
Even now, 3 years on, I'm not comfortable with moving more than 30mins away from his work to be honest. I like the area we live in and we've pretty much decided that if we ever buy, we'd rather buy a small 2-bed unit here than a big 3-4 bed house further out. Just because living close to his work has had such a positive effect on our marriage.
So yes, we choose to pay what we do and we are lucky that we can afford to do so. However, we wouldn't have emigrated had we not been able to do so - we always said that as long as it was financially viable to live here, then we would. If it gets to the point where we're struggling then we will rethink things and possibly head back to the UK - there's no point being miserable AND far from home!
I would have to agree with TillyG. The higher the income the harder you work, the more stress you get and bigger the risk you have of crashing.
I cannot even begin to tell you how strongly I disagree with this. Hard work does not always equal big money. That misconception really, really bugs me when I see how hard my husband works, day and night :(
NibbleCurlynBub
04-06-2009, 17:43
I cannot even begin to tell you how strongly I disagree with this. Hard work does not always equal big money. That misconception really, really bugs me when I see how hard my husband works, day and night :(
:hugs: I agree Ffrenchie.
Being a SAHM also, is a difficult job and there is no pay for that. :no:
Plus I don't think I've said anywhere that "hard work = high pay" so don't know why the other poster said they agreed with me then said "hard work = high pay" as that wasn't what I was saying in my post at all.
I know plenty of people who work their nuts off for not-very-much and plenty of people who don't work that hard and earn LOADS.
Yes, my husband works hard for his money. BUT that doesn't mean that lower-paid people work less, that's just complete bullsh*t
No, I was thinking that too TillyG...I dont think you said that in your post :no: So, it isn't you I disagree with ! :laughing:
bronny-jane
04-06-2009, 19:11
Plus I don't think I've said anywhere that "hard work = high pay" so don't know why the other poster said they agreed with me then said "hard work = high pay" as that wasn't what I was saying in my post at all.
yeah i didnt get that from your post:no:
i also agree with you on the closer you live to work the better, dh drives 5 mins on a country road:thumbsup:
its great when a family emergency pops up;)
Oh I agree it's our choice to live where we do (and to be honest, living where we do has "spoiled" us for other areas - nowhere else can come close to comparing at the moment!).
However, before we moved to Sydney we lived in the UK. And DH used to have to drive 90 mins to work and back each day, along a hideous route. He hardly saw DD (would leave just as she got up and would rarely be home before she went to bed) and it really took a toll on our marriage too. Plus he used to have to work away a fair bit too.
So, when we emigrated (having never been to Australia before!), we made the decision that we'd rather live close to his work in order to cut down on the commuting, because of the damage the commute did to our relationship before.
Even now, 3 years on, I'm not comfortable with moving more than 30mins away from his work to be honest. I like the area we live in and we've pretty much decided that if we ever buy, we'd rather buy a small 2-bed unit here than a big 3-4 bed house further out. Just because living close to his work has had such a positive effect on our marriage.
So yes, we choose to pay what we do and we are lucky that we can afford to do so. However, we wouldn't have emigrated had we not been able to do so - we always said that as long as it was financially viable to live here, then we would. If it gets to the point where we're struggling then we will rethink things and possibly head back to the UK - there's no point being miserable AND far from home!
I agree with this. Before we had kids DH worked 50 minutes from home. He hated the commute and because of his long hours it meant that we often didn't see each other the whole day because I'd already be in bed, getting a good night's sleep for my day at work the next day. It got to him so much that he came home one night and asked if we could please move closer to his work. I was very happy to...it was where I wanted to live anyway! Having him a 10 minute drive away was fantastic....then we moved again and he literally worked around the corner. That was fantastic! He came for lunch sometimes, could come home quickly to see the girls before they went to bed and he went back to work etc.
Now we have moved again and we live 5 minutes away but at least two nights a week my girls don't get to see their daddy before they go to bed because his commitments and just that 10 minute return trip (which is more in heavy traffic...up to 15 minutes one way) means it's not worth it for him to come home if he only has a spare half an hour etc.
Unfortunately our financial circumstances forced us to move in to a cheaper place but we constantly try and think of ways to get us back in to our apartment, back closer to his work so we can have him home with us more. He works long days, and now has started flying interstate for a few days at a time so any time we get as a family is precious. It's well worth the extra expense if you can afford to do it.
There was actually a study done that showed that people who live closer to their work are happier than those with long commuting times...would have no idea how to find that study but it has been done.
V8 Crewy
05-06-2009, 21:23
I cannot even begin to tell you how strongly I disagree with this. Hard work does not always equal big money. That misconception really, really bugs me when I see how hard my husband works, day and night :(
So you trying to say that someone that has there own business just naturally rich and lives a stress free life because there GROSS income, because that is exactly what it sounds like.
Lets not forget, the employer pays the bills at end of the day while the employee can go home click off and rest.
TillyG, I was agreeing to your post about income and expense.
I should of been more specific with my post as I was more referring to the fact that I'm a builder by trade in a family buiseness and 1 of the things I have learnt is that you only get what you put in.
Who said anything about anyone living stress free??
You said that the more money you make, the harder you work....and I said that HARD WORK does not necessarily EQUAL BIG MONEY.
There are plenty of people (like my DH) working their guts out for a pittance.
mum_I'm_hungry
05-06-2009, 21:45
We've just seen a huge jump in my husband's income as he finished his specialist medical training last year. And it's amazing how you spend to meet your income whatever it is. I'm not just talking about frivolous things, but the one that has really shocked me is insurance. Extra insurance in case he's sued, extra life insurance, extra income protection insurance and so on. Even trauma insurance as he's just started riding his bike to work some days. We were talking about it the other day and having a laugh that the most money we've ever had was when we were both living at home and had crappy waitressing/kitchenhand jobs. We'll probably never be that 'rich' again!
Many people would love to live closer to their work. They do live further out and have to travel long distances. Just because someone works in the city or in an expensive area that doesn't mean they earn a mint. There are all sorts of jobs on every level all over the place.
So really that is your choice.
Just wanted to add that it doesn't work this way for some people. My husband has to be within 20 minutes drive of his work when he's on call, so there's no way we could live very far out. When he's needed he's often needed fast.
Looshkin
05-06-2009, 22:19
You've posed an interesting question, roohif. Its always tempting to have pipe dreams about what you'd do if you won Lotto etc, but the reality is, if our income was equivalent to yours, I'm not sure our life would change much.
We're by no means poor. We (and I mean hubby) earn a fraction of what you do, but its a pretty healthy fraction. I have actually been pondering lately as to what the REAL worth of returning to work (for me) would be, when we can pay our mortgage, fill the car, pay for our girls' school, and eat, drink and be merry on just the one income.
Would we move to a bigger house? No. The one we have now is just fine. Buy a new car? Possibly. But possibly not ... it runs fine. Buy a second car? Probably not ... because hubby would still ride his bike to work every day and the thought of having an extra car just to drive on weekends seems ridiculous.
We would probably travel more extravagantly in the holidays, and not moan so much about the price of airfares. (I have a little pipedream about uniting the whole family on an island in the Whitsundays over Christmas ... but that's a two income fantasy :D)
I might consider a housekeeper, and definitely a cleaner. But I'd be getting either one of those when I go back to work anyway.
Nick might get a new Colnago to add to his collection. But would he be working so hard he wouldn't have time to train? I might have my nails done and a regular massage and the like - but I could do that now, time, not money, being the problem.
Its like paying $150 for a bottle of wine, when a $30 bottle is still scrumptious. Why bother? I think I have convinced myself its all about attitude. Once you get to a certain income level, where you cover all your needs and most of your wants, most people would be happy, I think.
I totally agree :yes:
The problem with a lot of money.. is not removing worries, a lot of people continue to worry and stress about the same things they would, obviously with personality types some will continue to not stress about things just the same.
I also believe being able to afford things easier does actually make them somewhat less special. Sure scrimping a bit for that fabulous holiday sucks, but imagine never ever having to scrimp for it... being able to do it whenever you pleased.. I am 100 percent sure if I would get bored of travelling the earth going where I pleased doing as I pleased eventually.
I would get bored of all of the things I get so very luckily occasionally do.
And what is left then?
The relationships we have with people important to us.. and since they would be the same amount of love on a 'comfortable' income as on a super high -never have to 'worry'- grandkids will inherit a butload - sort of income..
Then..well.. unless I got paid that sort of income doing something I absolutely loved and would do for free.. then I would never do it.
I want to do things that I would do for free for the rest of my life. And I am blessed that I find the doors than mean I can (even if I don't have a private jet :p)
.:goodvibes:
Lets not forget, the employer pays the bills at end of the day while the employee can go home click off and rest.
That's funny, I can recall many times where I was in the office at all hours paying bills and wages (yes with the business owner's money) while the business owners were knocking off early every singe day to go the pub. Seemed in my experience at least, that the business owners were the ones that got to "go home click off and rest".
Mum I'm Hungry - just curious, what sort of specialist is your husband?
mum_I'm_hungry
06-06-2009, 06:58
He's an anaesthetist.
Don't worry, he's not an obstetrician :laughing:
That's funny, I can recall many times where I was in the office at all hours paying bills and wages (yes with the business owner's money) while the business owners were knocking off early every singe day to go the pub. Seemed in my experience at least, that the business owners were the ones that got to "go home click off and rest".
Yeah but how long had the business been going for?
I don't agree with v8 crew...I know low income earners also work very hard. What I'm about to say has nothing to do with that part.
My DH is not a low income earner right now. He owns his own business and works his butt off. For 8 months he worked day and night, from 8am until 2am with NO pay at all....all to get the business up and running. He is still working crazy hours with no guarantee the business will stay afloat (the economical crisis hasn't helped at all) but if it does stay afloat, and takes off like we're hoping then he will have the luxury of working part time and living a much more cushy lifestyle in regards to work which a new employee could easily think he got lucky and has an easy ride but he started this journey (not this particular business, but the journey that gave him the qualifications to get to having this potential) at 18 when he studied full time and was running his own business. It's been 10 years so far of working 60-80 hour weeks in high stress positions and whilst most 18 year olds were off partying on the weekend after their hard week of work DH was at home working, or studying. He has to work all this long weekend after working a full week, and coming home and working until at least midnight every night...then has just as busy a workload next week, and then is away for week next weekend, which will then give him an even bigger workload when he gets back home while he finishes that project. His employees, whilst they work hard...they all have the weekend off and are getting to enjoy it with their families. At some point, we would love that lifestyle too.
If a business owner is having an easy ride then it's only because of a damn hard, very stressful ride previously....at least 98% of the time.
Yeah but how long had the business been going for?
If a business owner is having an easy ride then it's only because of a damn hard, very stressful ride previously....at least 98% of the time.
Around 50 years. They inherited it from their dad.
It was an easy ride for them, the company was involved in building and construction and got very lucky with the olympics, landing a huge contract at which point the company grew 100 times bigger without them dong much at all.
Between $115K-$130K. Depends if Dh gets overtime or not!
I'll be living on half of my wage soon for a few months then no wage! (maternity leave)
MummaBear03
12-09-2009, 08:51
For the first year and a half of DD's life, our family taxable income was $12,000/year, but then I was also getting FTB part A and B which totalled $280/fn, and Rent Assistance, which was $110/fn. I was surprised when I stopped work to see how much the PPS had gone up, it was lucky because I was worried about not working. I no longer get Rent Assistance, and FTB has since dropped $241/fn when DD turned 5. I've never received child support.
Someone way back at the beginning said that pension amounts are more than $15,000/year. Parenting Payment Single is $572/fn, $14,872/year. Centrelink payments for those who don't have kids is far, far less than this amount. I don't know how young people working part-time or studying manage to move out of home and live on their own.
Since working my taxable income has been anywhere from $22,000/year to $25,000/year ($24,000 last financial year) gross. Tax comes out, PPS is a taxable income, recipients of PPS pay tax on that.
We have everything we could ever want or need. We have a house with 3 bedrooms that we don't have to share with anyone, we have a nice sized yard that's big enough for kids to play in, the dog to run in, and a garden to grow in while at the same time being small enough to be easily maintained. I'm able to cover the cost of the bills to run the house, and can even run appliances such as airconditioner, dryer and freezer without it putting the power bill up too high to pay. We have a good, reliable (used) car that I'm able to afford to pay off and maintain. DD attends 3 different organised sporting activities a term, attends a Catholic school, has nice and good fitting clothes, gets new toys when needed, and has a large range of books and board games to keep us entertained. We also have the Internet, go on family holidays, go away on camping trips, have a fully stocked fridge, freezer and pantry, and a fuelled up car.
As someone said, it's not about how much money you have, it's what you do with it that matters.
I'm also lucky that while I'm working, I'm able to put money away so when unexpected expenses crop up I can afford to pay for it. DD sees a private Paediatrician, child psychologist, and has other medical expenses that I've had to pay for because I'm too impatient to wait for her to be seen through the public system.
We're going away for the night tonight, a bit later because there's no need to rush. Another week left of school, then we're going exploring a few areas up north, we have enough fuel in the car to do that, and enough money to pay for more.
We do have a strict budget, which is how we can afford the extras and still cover all the costs of everyday living.
With computer hacking and all that I am surprised that ppl earning so much would want to indentify themselves let alone why they would have their annual income come in at so much is just not good accounting sense. I wonder if some of these ppl have just given a figure for their company turnover instead . Just a comment on the ppl who say more money would mean less stress and vis versa no money = more stress I say debt is the stress you can be happy with any amount of money but if you have to give most of it to debt or worse still have more debt than you earn then thats the stress imo. Also working hard and making money don't always go hand in hand but thats life and it comes down to in the end what your hrly rate is I guess and how many hrs you do. Well theres my 2c worth at least thoughts are for free lol.
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