If I knew I could have a more reliable flow of income, freelancing/contracting would be amazing.
124 karma · joined October 4, 2010
If I knew I could have a more reliable flow of income, freelancing/contracting would be amazing.
At $110k (but as a sole breadwinner currently) I still live paycheck to paycheck. After taxes I am looking at approx $78k a year; my bi-weekly take-home is a couple dollars shy of $3k and my rent was $1800 for a small 2 bedroom condo but we have downgraded to a basement studio for $500 so we can pay off all our debts (wife's schooling, far too many credit cards, a far too expensive wedding and various other things). So far we have made a huge impact on our debt and we will soon start saving for a house.
If you were living directly in the city, you would need to double or even triple the rent. I do end up paying for it in commute time (2 to 3 hours worth of travel each day), but it allows us to get by just that little more.
Quality of life will always remain important to me; but at the same token it's not all about the money, and it's not all about leaving at a punctual time. I understand this sector can call for some long and grueling hours and have paid my dues and am still willing to do so when necessary. As for salary, I have turned down jobs that were better compensated - but the atmosphere didn't sit well with me.
Sadly this is so confusing, and I hope I will be able to make more sense of everything as this thread continues to expand.
I have used this calculator in the past - it seems to be pretty close to accurate when I have attempted to determine what I should ask for in terms of future raises.
If only we could all just be open about it. (and of course this all coming from someone hiding behind an anonymous account...)
I haven't used indeed in so long, I wasn't even aware that there was a salary range option - I've relied far too much on recruiter presented opportunities (even though I am aware that that is generally a poor decision).
I am avoiding the financial sector as well as larger institutions like the plague - I want to continue to stay on the top of my game and not get bogged down by business politics - even the agency lifestyle seems to do that.
I would love to go off on my own, and willing to take a pay cut (once my wife enters the work force and we are able to do so), but I am sadly not sure how I would eventually do that. Freelancing failed for me, and starting my own business is something that would require more business skills than I have. Sadly, procrastination is also my enemy.
I think I am good enough to be earning my salary, and even believe I could be earning more - my primary concern is that I will be too expensive for the jobs that I want.