Author Topic: Blog post: You don’t earn nearly as much as you think you do!  (Read 5846 times)

Patrick

  • Administrator
  • Hero Member
  • *****
  • Posts: 2550
  • Karma: +47/-2
    • View Profile
Blog post: You don’t earn nearly as much as you think you do!
« on: February 03, 2016, 01:33:59 pm »
Find it here: http://investorchallenge.co.za/you-dont-earn-nearly-as-much-as-you-think-you-do/

There's also a calculator so you can see how much less you earn! Mine came in at 58% less :(

Edit: I'm wrong, I forgot I do at least half my commute by bicycle, so I'm only earning 43% less than I think...
« Last Edit: February 03, 2016, 04:58:57 pm by Patrick »

Moneypenny

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 1891
  • Karma: +37/-0
    • View Profile
    • Bu Valiere
Re: Blog post: You don’t earn nearly as much as you think you do!
« Reply #1 on: February 04, 2016, 08:48:25 am »
The voice of reason has spoken.  Ai Patrick, guess there is no free meal hey, you’ll always pay the pied piper in the end. Excuse me, I’m just going to die now – but somebody’s got to fit that bill too. :(    Babe, come here, I need you to pay something.

Patrick

  • Administrator
  • Hero Member
  • *****
  • Posts: 2550
  • Karma: +47/-2
    • View Profile
Re: Blog post: You don’t earn nearly as much as you think you do!
« Reply #2 on: February 04, 2016, 02:39:54 pm »
The voice of reason has spoken.  Ai Patrick, guess there is no free meal hey, you’ll always pay the pied piper in the end. Excuse me, I’m just going to die now – but somebody’s got to fit that bill too. :(    Babe, come here, I need you to pay something.
Strangely I thought you'd be the least affected. I thought you worked from home therefore most of these wouldn't apply to you and you'd get to keep the most of your money. If only you could skip paying taxes  >:D

gcr

  • Hero Member
  • *****
  • Posts: 1008
  • Karma: +28/-1
    • View Profile
Re: Blog post: You don’t earn nearly as much as you think you do!
« Reply #3 on: February 04, 2016, 03:23:00 pm »
Patrick - I hear your argument, but the reality of life is that at your very first interview with the prospective employer they should tell you where your office environment will be, and that constitutes your employment place of work. if you live klms from your point of employment then that is not the employers problem but yours. You have to make a decision if you accept their employment offer that you either move closer to your work operation or commute, both events are normally for your account unless they agree to a relocation award.
Further your salary is totally work related and performance based against a set of rules, normally the only way of incrementing your income is through above and beyond the call of duty (though I have seen people advanced not based on performance but because of personal connections, and legal dictates) so if your emoluments stagnate one needs to self reflect and then make a judgement call as to whether you wish to be employed by the current company
Another aspect which has no Rand value that you can apportion to it is:- 1) how much you enjoy your job 2) how diverse is the job and does it present challenges daily and how do you solve these problems 3) how little interference you have from your boss (es) 4) are you trusted and are you permitted to commit the company even in the realms of capital and direct operating costs 4) are you an architect for change

Chances are that if the benefits above are real, one should enjoy ones job and progress relatively well within the company

To me there are 3 elements to working - your own self worth; the companies perception; and the reality   
Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

Patrick

  • Administrator
  • Hero Member
  • *****
  • Posts: 2550
  • Karma: +47/-2
    • View Profile
Re: Blog post: You don’t earn nearly as much as you think you do!
« Reply #4 on: February 09, 2016, 09:30:57 am »
Very well said GCR. I agree, you generally know where you'll be working, so it should have been considered before taking a job. I used to walk to work as I made sure I lived close enough, but life tends to make other choices for you, marriages and moves. Fortunately my wife walks to work, and I bike half the time, so we're still doing quite well as a couple :)

I tend to love about half my job, and I consider that quite a plus, so I'm happy to accept all the other terms and conditions that come with it. That said, if one of my sites or apps took off in a big way, I'd probably not hang around too much longer. I seem to have picked up the travel bug at my current job, and now it seems that I want far more of it.

tmsf12

  • I've just arrived
  • *
  • Posts: 30
  • Karma: +0/-0
    • View Profile
Re: Blog post: You don’t earn nearly as much as you think you do!
« Reply #5 on: February 17, 2016, 12:36:24 pm »
I've done this calculation in the past but I never thought to include the ancillary costs.  This helps to curb spending when looking at purchasing decisions in number of work hours.

I think Mike's WIRE calculation may need some adjusting... the lunch cost should not be included because it's a neccessity and not something he does due to his job.