I’m also afforded lots of other benefits that might not show up in my salary – but opportunities for time off, fantastic health/dental/vision, etc., all should be factored in. You reminded me of the other forms of income (interest/investment) and I am making more sense of this progressive tax rate and effective tax rate. But I try to keep focused on what I’m doing (and the fact that I find so much fulfillment from my job that I wouldn’t really want to do anything else). No one else my age has the amount of free time or money that I do and I wind up spending a good amount of time alone. These data are from our visitors surveys (06 individual salaries). Ages 42 – 46: You are in the top one percent income level if you make roughly $320,000. Yes, it is all relative. As an entrepreneur there is no visible limit, when your business is not time vs money related. I have a software business that I started with my friend 7 years ago, but we were only able to make around $100k in combined sales such far and that’s with 10 times the work that I have invested into my day jobs. Plus, there’s always side hustling! It’s free to sign up and explore. Filed Under: Budgeting & Savings, Investments, Retirement. I am in the top .1% of income earners in the US. a doctor) has to make probably more than 350 in order to make the same amount of money as an entrepreneur. These are less of a concern in a bull market but right now.. My company was actually a publicly traded company during the tech bubble. I’m pretty sure most are entrepreneurs or work in finance. The most typical salary is US$ 122,500 (Gross).. He enjoys being a stay-at-home dad to his two young children. We are 40 and it’s ok at about the low end of that figure when you add everything up but doesn’t kick ass in LA. Admin. As noted in another comments, I found these figures confusing. The key is to keep and grow what you’ve made! But at least I was having the time of my life! 170K for a 27-31 yr old would be an insane amount of money in Minnesota – You would be doing very well at 170K as a household with two income earners. That’s why stock options aren’t included on mortgage applications. How long did that streak continue? Average take home earning is US$ 124,000 (Net).. Sign up for the private Financial Samurai newsletter! Wow! All The median pay packages for 29 yo MBAs in finance, consulting, and tech range anywhere from $120,000 – $150,000. You could have an entire state(even a small country) only with millionaires. AirBnB will be great until UberBnB crushes them. I will say it’s easier to make this much as an employee if you work smart..for me anyway. I know MANY Google, Apple, and FB employees who make $200,000+ his age. That’s YOUR choice! However, to be in the top .1% by wealth, you need a net worth of ~$30,000,000. Let me know how life is once you get there. ), 7 of the Best Situational Interview Questions. Earning $210,000 as a 35 year old in San Francisco might really be like earning a top 0.1 percent income if you live in Topeka. Yeah no crap… Because upper .01% of .01% politicians are using “1%!! These numbers look really low. You can get relatively stable 6-7% returns on $1m+ which if minimally leveraged (no more than 50% LTV), can get you almost 9-10% IRR over several years. A 35yo year old who makes $210k in passive and active income doesn’t seem like a 1%’er to me. Because we should expect unexpected to happen. If the company is already public, it’s more believable, but otherwise it’s an arbitrary value at best. Are these #’s household income or by individual? Please consider supporting us by disabling your ad blocker or whitelisting our site.