What is classed as a well paid job?
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Re: What is classed as a well paid job?
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A well paid job is dependent on where you live. If you live in New York, just your rent would make you get a high paying job, while in lower-rent areas, you'd be able to get a lower-earning job. Your aim should be to be able to afford some sort of housing, preferably a house as it accumulates wealth as a property, being able to pay your bills on time, and being able to live comfortably with some cushion in case an emergency arises. I think for a lot of people, 60k might be a good baseline if you don't live somewhere expensive, even if you have a family.Jennifer Coxon wrote: ↑25 Nov 2022, 12:25 In the appendix, Rusk lists a number of jobs and the average salary for that job. However, there was quite a range in the average salary, some of which I wouldn’t personally have counted as being a well paying job. What would be your threshold or aim when reading this book?
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I agree with you on this, the number and salary requirement would differ from state to state. I also feel that medical benefits should be a part of this too.Kat Hall 2 wrote: ↑28 Nov 2022, 20:20 It depends on where you live. I consider anything over $60K a well-paying job where I live. But people in NYC or San Francisco would disagree.
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I have to agree. Where you live makes a great difference in what might be considered a well-paying job. But also even more important are your aspirations, your attitudes, and your ability to manage whatever finances your job provides. I believe that if you have an income that allows you to pay the bills and bank some savings every month, you have a well-paying job. And if there is money left for entertainment and luxuries without scrimping, then you probably have more money than many of us.Cher432 wrote: ↑03 Dec 2022, 01:02 A well-paying job depends on your cost of living. You could be earning $100k but live in an expensive city like New York, which would eat up most of your money. Conversely, you could be earning $60k and live in a lower cost of living area giving you more room in your budget. I consider a well-paying job to be one that allows you to save a portion of your income while covering all of your bills comfortably.
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Anything that gets you by comfortably can be considered a good paying job. Great point!Krista Kirby-Dempsey wrote: ↑27 Nov 2022, 19:07 I think well-paying jobs are jobs where you can survive on 1 income and not multiple incomes. I also think that the amount of experience/schooling required for the job also plays a part.
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A well-paid job is one where the compensation, including salary and benefits, is considered generous compared to other positions in the same field or location. It usually reflects a higher level of skill, experience, or demand for the job.Krista Kirby-Dempsey wrote: ↑27 Nov 2022, 19:07 I think well-paying jobs are jobs where you can survive on 1 income and not multiple incomes. I also think that the amount of experience/schooling required for the job also plays a part.