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View Poll Results: Just wondering demographics here? What was your income level before FIRE?
Below $50,000 9 4.89%
$50,000 - $75,000 24 13.04%
$75,000-$100,000 30 16.30%
$100,000 - $125,000 27 14.67%
$125,000+ 94 51.09%
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Poll: Average Income Before FIRE
Old 01-15-2007, 05:41 PM   #1
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Poll: Average Income Before FIRE

What was your average income during your working years?
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Re: Poll: Average Income Before FIRE
Old 01-15-2007, 06:11 PM   #2
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Re: Poll: Average Income Before FIRE

What was yours?
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Re: Poll: Average Income Before FIRE
Old 01-15-2007, 06:14 PM   #3
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Re: Poll: Average Income Before FIRE


I suspect many who responded may have been business owners with income over your high limit.


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Re: Poll: Average Income Before FIRE
Old 01-15-2007, 06:18 PM   #4
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Re: Poll: Average Income Before FIRE

Quote:
Originally Posted by PsyopRanger
What was your average income during your working years?
1977: 20 hours/week at a golf course (when it wasn't snowed under): $1868.
1983, my first full working year after college: $17,417 salary + $5,810 untaxed allowances = $23,227. Spent the whole year at nuclear-engineer training schools.

Through the '90s I was pretty much paid between $60K-$75K, including sea pay, submarine pay, & nuclear bonus pay.

2001, my last full working year: $59,839 salary + $27,788 untaxed allowances = $87,627. This was my highest-earning year ever, but no sea pay or sub pay or nuclear bonus pay either.

Today's military O-4 submarine nuclear engineer pay would probably be pushing $140K total. They can keep it.
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Re: Poll: Average Income Before FIRE
Old 01-16-2007, 07:35 AM   #5
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Re: Poll: Average Income Before FIRE

According to my social security statements...898K in 1999, 1046K in 2000 and 540k in 2001, but that was less than a half years earnings as I ER'ed in late April or early May of that year.

So maybe we need a few more #'s on the poll?
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Re: Poll: Average Income Before FIRE
Old 01-16-2007, 07:58 AM   #6
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Re: Poll: Average Income Before FIRE

Hey Bunny, I don't know what you did to make a living but you must have been good at it.
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Re: Poll: Average Income Before FIRE
Old 01-16-2007, 08:03 AM   #7
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Re: Poll: Average Income Before FIRE

Hell yeah!

Considering according to my 2000 annual review I was responsible for a $3B uptick in company revenues, I think they got off pretty frickin cheap.
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Re: Poll: Average Income Before FIRE
Old 01-16-2007, 08:19 AM   #8
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Re: Poll: Average Income Before FIRE

< Post deleted after re-thinking what was posted >

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Re: Poll: Average Income Before FIRE
Old 01-16-2007, 08:36 AM   #9
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Re: Poll: Average Income Before FIRE

Quote:
Originally Posted by Cute 'n Fuzzy Bunny
According to my social security statements...898K in 1999, 1046K in 2000 and 540k in 2001, but that was less than a half years earnings as I ER'ed in late April or early May of that year.

So maybe we need a few more #'s on the poll?


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Re: Poll: Average Income Before FIRE
Old 01-16-2007, 12:14 PM   #10
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Re: Poll: Average Income Before FIRE

This is one of the things that impress me about CFB and other posters on the board--the ability to walk away from such huge incomes and realize they have enough, scale down, and retire.

I've heard the explanations: BS bucket being full, traumatic or life-altering disease/event in others' or their own lives, etc. Still, it takes quite a lot of courage (and figuring and wisdom) to give up a lot of income.
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Re: Poll: Average Income Before FIRE
Old 01-16-2007, 12:18 PM   #11
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Re: Poll: Average Income Before FIRE

Quote:
Originally Posted by flipstress
This is one of the things that impress me about CFB
Agree. Also impressed by his modesty.

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Re: Poll: Average Income Before FIRE
Old 01-16-2007, 12:22 PM   #12
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Re: Poll: Average Income Before FIRE

Quote:
Originally Posted by HaHa
Agree. Also impressed by his modesty.

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Re: Poll: Average Income Before FIRE
Old 01-16-2007, 12:40 PM   #13
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Re: Poll: Average Income Before FIRE

Heh heh heh heh heh

1966-$8k, last year of full time work 1992-$60k

2005 - 13th year of ER $79k taxable before deductions.

If you stay cheap enough, long enough - well Then you get time in the market and all that rot.

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Re: Poll: Average Income Before FIRE
Old 01-16-2007, 01:10 PM   #14
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Re: Poll: Average Income Before FIRE

Quote:
Originally Posted by flipstress
This is one of the things that impress me about CFB and other posters on the board--the ability to walk away from such huge incomes and realize they have enough, scale down, and retire.
Not to discount CFB's impressive accomplishments, I suspect with that income over several years he was able to walk away without sustaining too much financial hardship (though obviously with a big drop in income). Either way, it sounds like his priorities are right on.

What repeatedly astounds me is how many are willing and able to ER on a pretty basic income; seemingly few needs, flexible but always low spending habits, and are just as happy as can be.

Lots of paths to a secure and content retirement. Just not so easy picking one .
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Re: Poll: Average Income Before FIRE
Old 01-16-2007, 01:34 PM   #15
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Re: Poll: Average Income Before FIRE

I expect to retire with less than one year of CFB's income...

Ok, no European vacations, beach homes, Beemers or Lexi, but no w*rk either!!
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Re: Poll: Average Income Before FIRE
Old 01-16-2007, 02:08 PM   #16
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Re: Poll: Average Income Before FIRE

peaked out at 107k .... of course 1/3 of that went to uncle sam.
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Re: Poll: Average Income Before FIRE
Old 01-16-2007, 02:09 PM   #17
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Re: Poll: Average Income Before FIRE

Quote:
Originally Posted by flipstress
This is one of the things that impress me about CFB and other posters on the board--the ability to walk away from such huge incomes and realize they have enough, scale down, and retire.
Depends on whther the outsized income really means anything to you.

As an example, I work with a few people who are very wealthy. Decamillionaires, by my estimation. Do they live higher on the hog than your average bear? Sure. But they spend a fraction of their income. If any of them walked away, they would never even come close to running out of oney. They stay at work because they want to.
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Re: Poll: Average Income Before FIRE
Old 01-16-2007, 02:38 PM   #18
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Re: Poll: Average Income Before FIRE

My income never went over $50,000 as an Rn but I still retired with seven figures plus.
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Re: Poll: Average Income Before FIRE
Old 01-16-2007, 02:39 PM   #19
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Re: Poll: Average Income Before FIRE

Yeah, you are right, brewer. How big your income is in relation to your assets/wealth matters.

In the case of decamillionaires, their income from their jobs might well be small and not significant in relation to their total wealth. In their case, I would admire them if they were working because they were making the world better through their jobs.
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Re: Poll: Average Income Before FIRE
Old 01-16-2007, 02:43 PM   #20
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Re: Poll: Average Income Before FIRE

Quote:
Originally Posted by flipstress
In their case, I would admire them if they were working because they were making the world better through their jobs.
Haaaaaahahahahahaha!

Well, maybe by making the capital markets more efficient and providing liquidity to people who really, really want to liquidate on the cheap.
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