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amother
Amethyst
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 Mon, Dec 05 2022, 8:04 pm
| amother Mimosa wrote: | You didn’t make it clear how many years ago your income started to be in the $300k range, but I assume it took quite a while, since you say you were in your starter home for 20 years.
So the answer to your question of “How?” Is that the couples you see (if their homes weren’t bought for them, which many were) simply found a faster way to get to a $300k income than you did. There’s really nothing confusing about this. You say you work full time, I assume your husband does as well. So let’s assume you and your husband each make $150k. Please recognize there are full time jobs that pay more than $150k, you just don’t have one. You have a very respectable salary but there are still higher ones.
Now, if you want to ask, how do young families reach a high income quickly, that’s a separate topic. A combination of brains, schooling, ambition, entrepreneurship, siyata dishmaya, risk-taking. Take your pick. But BH there’s no shortage of young families in this position. | if full time is $150 are there part time jobs that are $70? Thanks for responding, you are helping me out practically
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amother
Mimosa
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Mon, Dec 05 2022, 11:27 pm
| amother Amethyst wrote: | | if full time is $150 are there part time jobs that are $70? Thanks for responding, you are helping me out practically |
The number $150k came from the OP, she said her and her husband make $300 combined so I said I’ll assume she makes $150k working full time.
But that doesn’t automatically mean that a part time job of similar caliber would be $70k. Generally speaking, part time jobs pay less, proportionate to full time. However, I know people in Lakewood working part time making $70k-$80k, one is an accountant and one is a BCBA therapist (they work approx 9-2/9-3 which I know in Lakewood is “full time” but to the rest of the world is not).
Another way to make a lot of money for your time is to open some sort of consulting/service business where you can charge clients a hefty rate per hour. Something like a freelance writer, designer, organizer, handyman, etc. These services often charge $100-200/hour, if they are good at what they do. This means you can work far less hours, maybe 2-3 hours a day and still make a nice part time salary. This is what I do (freelance writing, $200/hour and turn down a lot of work BH).
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amother
OP
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Mon, Dec 05 2022, 11:34 pm
| amother Mimosa wrote: | The number $150k came from the OP, she said her and her husband make $300 combined so I said I’ll assume she makes $150k working full time.
But that doesn’t automatically mean that a part time job of similar caliber would be $70k. Generally speaking, part time jobs pay less, proportionate to full time. However, I know people in Lakewood working part time making $70k-$80k, one is an accountant and one is a BCBA therapist (they work approx 9-2/9-3 which I know in Lakewood is “full time” but to the rest of the world is not).
Another way to make a lot of money for your time is to open some sort of consulting/service business where you can charge clients a hefty rate per hour. Something like a freelance writer, designer, organizer, handyman, etc. These services often charge $100-200/hour, if they are good at what they do. This means you can work far less hours, maybe 2-3 hours a day and still make a nice part time salary. This is what I do (freelance writing, $200/hour and turn down a lot of work BH). |
I’m the OP and we make 300 together but I actually make closer to 100k and my husband makes a little over 200k. My husband works much harder than me- I work 35-40 hours per week, he’s constantly working, nights weekends etc.
He also has to travel a lot which really sucks the wind out of him and it’s hard on the rest of the family. We both started our jobs out many years ago making under 50k each! I think I was making 30k when I started if I remember correctly. We’re still in the same jobs actually, but with lots of raises and promotions over many years. Funny to hear people say they want to start out working part time at 70k. It took years of killing ourselves (and currently killing ourselves ) to get where we are today.
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amother
Mimosa
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Mon, Dec 05 2022, 11:43 pm
| amother OP wrote: | I’m the OP and we make 300 together but I actually make closer to 100k and my husband makes a little over 200k. My husband works much harder than me- I work 35-40 hours per week, he’s constantly working, nights weekends etc.
He also has to travel a lot which really sucks the wind out of him and it’s hard on the rest of the family. We both started our jobs out many years ago making under 50k each! I think I was making 30k when I started if I remember correctly. We’re still in the same jobs actually, but with lots of raises and promotions over many years. Funny to hear people say they want to start out working part time at 70k. It took years of killing ourselves (and currently killing ourselves ) to get where we are today. |
That’s a huge accomplishment that you’re still in the same jobs and have tripled/quadrupled your salary! It sounds like you are both really hard workers.
Personally, I have found that the fastest and easiest way to significantly increase my salary is to switch to a new company. Each time I have done this I have negotiated a salary increase far far above whatever I could have squeezed out of my current employer.
Regarding the part time jobs at $70k. this is very plausible these days with a degree in something like accounting, marketing, different therapies, etc. People are earning that straight out of school working 9-2/9-3 in Lakewood. But yes, it’s of course unrealistic to expect that as a new hire with no degree or experience.
Congrats on your new house and may it always be filled with bracha!
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amother
OP
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Tue, Dec 06 2022, 12:21 pm
| amother Mimosa wrote: | That’s a huge accomplishment that you’re still in the same jobs and have tripled/quadrupled your salary! It sounds like you are both really hard workers.
Personally, I have found that the fastest and easiest way to significantly increase my salary is to switch to a new company. Each time I have done this I have negotiated a salary increase far far above whatever I could have squeezed out of my current employer.
Regarding the part time jobs at $70k. this is very plausible these days with a degree in something like accounting, marketing, different therapies, etc. People are earning that straight out of school working 9-2/9-3 in Lakewood. But yes, it’s of course unrealistic to expect that as a new hire with no degree or experience.
Congrats on your new house and may it always be filled with bracha! |
Amen thank you.
I have alot of friends with degrees in different therapies, accounting, and other things they went to school for, and make much less money than I do, working the same amount of hours, with a lot of experience. I looked into the possibility of switching jobs in order to make more money, but nothing was ever offered to me higher than what I am making now. I had 2 offers that were similar, but didn't have the same perks that I get, that only come with the loyalty the company has for me since I've been there for so long. The company I work for is very understanding that I'm a mom, lets me work out of the office when needed (when kids are sick etc), supportive when I am going through something personal etc. I know I'm lucky, but at the same time, I am dying to be a full time mom, but my salary and benefits were needed, even when we lived in our starter home, and had less kids.
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amother
OP
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Wed, Dec 07 2022, 1:40 am
| amother Pink wrote: | If you earn 300k a year, why can't you understand this?
Even if a young couple is earning half, they should be able to afford a house on the outskirts of Lakewood. (Mortgage + Property tax can be about $3,500 a month, or maybe even less for a First Time Homebuyer...) |
My current mortgage is less than 3500, and we're kind of tight on 300k, but can manage BH. Remember its 300k BEFORE taxes. How would someone who makes half (150k) be able to pay a mortgage like this, plus all the maintenance on a large house? I am questioning how others are able to make these payments and keep up a house of this size. All bills are higher, utilities, landscaping etc.
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amother
NeonYellow
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Wed, Dec 07 2022, 2:23 am
| amother OP wrote: | | My current mortgage is less than 3500, and we're kind of tight on 300k, but can manage BH. Remember its 300k BEFORE taxes. How would someone who makes half (150k) be able to pay a mortgage like this, plus all the maintenance on a large house? I am questioning how others are able to make these payments and keep up a house of this size. All bills are higher, utilities, landscaping etc. |
I am assuming you have a older family = bigger expenses
Tuition, sleepaway camp, food, vacation activities, clothing, extra- curricular activities, therapies, - these expenses all really add up when you have an older family. A young family with 2-3 little kids is going to have a lot more accessible cash on the same salary - or even on a lower one.
The question is will they be able to keep up the houses as the families grow, and we head to a recession, and the salaries probably will not increase at the same rate, the businesses wont do as well, and the expenses will continue to jump
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