civicnation

i'd be satisfied with 100k or higher per year, but that is by no means making a lot of money.

imported_My Blue Si

100k + /yr is good money

imported_gatherer

my personal opinion is good money is an income that allows you to pay your bills and still have money left over for fun activities

imported_Cablerat

Living within your MEANS and investing wising is KEY.

For everyone with HIGH hopes of leaving school and earning ****loads of money...

JOBS are for SUCKERS. I've been in the programmer field for about 2 full time years now and let me tell you, 9-5 is lame.
You work your *** of only to let the government take most of it away. They tax you when you earn and they tax you when you spend, so in actual fact their taking basically 50% or more.

BUSINESS and INVESTMENTS is where the money is at. The ability to claim whatever income you like and write off ****loads of non-existent expenses . I have a consultant business on the side and even after 3 years, I have paid less than 5% of total profits in taxes.

I realized how disturbing this world was when I started seeing the same people everyday on the 401.

To all you in your teens, please SAVE your money. Don't waste time on supped up civics and ****, it's a total waste of time and money. Save what you can, try to pay your way thru school and enter into the work force debt free. If you can do that, you'll be 10x better off by the time you reach 25.

Once you finish school and move frmo $8.50 /hr to $20+/hr, don't go nuts and blow it away. Continue to save. Look into investment opportunities. IE- Real estate (Rental Income). Do your research and invest wisely. Nice cars, big houses, and crazy spending money will come in time. Positive investment are exponential, it's crazy how fast you will grow as long as you plan properly.

geeze anyways.

Younes Si

i dont' know what your thinking...
if you made $70,000 your living a GREAT life, and if you were making 70K and was having trouble getting by, then your doing somthing wrong!!

just like the workers at the Big 3, they making like 40/h and all of them i talk to are like, we don't make enough and this and that, i'm like STFU, stop buying 5 brand new cars and 3 boats with 600,000 house and learn how to fuken spend your money you morons....40/h and there not making enough, what a bunch of pethetic idiots, if you can't live a great life with over 25/h then you need to go back to school, and learn how to spend your money/save

400K?

Double_B

Last two post, I couldn't have said it better myself..................wait a minute..........I think I did, sort of. Again all in how you manage and spend your money. There are ways to get your money to work for you, you just have to be smart about it. I think Cablerat
said it best in his post

imported_Zyepher

Its about being in the position to spend an amount of money at any given time without cause or reason to...jesus so many cry babys in this thread

bbor-imported

Enough to support my crx/civic habit.

imported_BoOsTd

Its all relative, I have a nice house just outside montreal, I have three cars, one modified, I just installed a swimming pool, I have central air, a nice theater setup ect ect...All paid cash except the house (30 grand down, 145 left on the morgage) I only make about 40k a year! Granted my g/f makes about 35 so thats 75 combined.

But still, we can live like this on our budget cuz we are smart with our money, we saved the downpayment while living in an apt, we paied cash for our cars in college, we paid for our school while in school(well i got 4 grand student loan left over).... no other debts, we each have 1,000$ limit credit cards that get paid off every month.


MOST OF ALL WE HAVE 0 KIDS! thats the biggest diff... We wont have kids untill our income doubles. Which is also being smart with our money.



I say good money is being able to budget a house and car.

Great money is owning everything, no morgage no loans, completely debt free.

bbarbulo

iTrader: (2)

being completely debt free is poor money management. debt is leverage. why do you think even blue chip co's still issue bonds? cuz debt is GOOOOOOD!

anyways, I have an income of $0 per annum, yet I'm still ballin haha j/k

making good money means being able to spend it wisely... in other words, having enough money to be able to make DECISIONS about your money, as opposed to bills and creditors making the decisions for you. get what I mean?

Double_B

Well put B. Bottom line, get to know how to play the game of credit, income tax and investing. Anyone can make their money work for them, just have to know how. It's not about how much you make, but how you use what you make.

electronblue

iTrader: (1)

LOL...and it seems to be that I'm using all of it between pays.

Mind you when your bills are $4,000 a month between mortgage, cars, condo fees, property taxes, insurance, cable, phones, hydro, ect. Then you have to pay for gas for the cars, food on the table, and 1 child (who keeps growing) that adds up too.

Whoever said you can live well for over $25/hr does not know expenses. I will not work for under $50/hr, not worth the hassle of the business expenses for less.

All I try to do is to keep as much of my money out of the governments hands as possible.

bbarbulo

iTrader: (2)

oh, and a lot of it is also about cash flow rather than the total net figure at the end of the year.

imported_GoldBadge

My idea of making good money is getting paid in a currency worth more than CDN...and lots of it...

imported_Bruce Fee

What is your idea of making good money?
-enough to be happy (not necessarily euphoric) with your finances.

How much money is your idea of good money?
-out of school - $45K +
-30 years year old - $80K +

imported_GoldBadge

I remember my step dad saying that if you come out of school and are making twice your age, then you're doing well.

cibs

I think the closest figures i'd agree with are bruce fee's...

just out of school early 20's 50K ish...

hitting your 30's 100K
40's 150K

imported_Bruce Fee

100K is pretty high.... I'd say you're doing very well... a lot of people do not make 6 figures.

n1_taboo

no less than 80k/yr

Nova_Dust

Regardless of what good money is, the question is, do you have what it takes to make a good money?