Cnotey
Power Member
- Jun 25, 2010
- 730
- 984
I just wanted to write out a thread to put something in perspective for some of the newer folks, and maybe even some of the vets here.
Here on BHW, and in a lot of other IM forums, income is calculated by day. (e.g. $100 per day, $500 per day).
When seeing numbers this way, does $100 sound low? Does $1,000 per day sound like an "attainable" goal?
When you calculate your $XXX per day, most people lose perspective in comparison to the rest of the world, and even your own peers.
I just want to put some of these numbers in perspective, so you can learn to set reasonable goals and be proud of what you've done so far:
$100/day = $36,000/yr which is about what someone making $18/hr at a day job makes. Also puts you in the top 1% richest people in the world. (http://www.globalrichlist.com/)
$500/day = $182,500/yr which is more than most people, even in the US makes. Families who make this much are usually a dual income earners both with at least a bachelors degree. Puts you in the top 0.05% richest people in the world.
$1000/day = $365,000/yr this much puts in you the official definition of "upper class" by U.S. metrics. Almost no one in the U.S. makes this much money. Puts you in the top 0.02% richest people in the world.
This helps me put my income in perspective. I usually measure by week or by month. When I measure daily I say to myself "Oh I only had a $350 day today". But when you put that into a yearly perspective it's over $125k a year.
I'm not saying don't have big goals. All I'm saying that if you're making $200/day, that's a lot of money! Start with reasonable goals and then work your way upwards. Chances are, you won't be in the top 0.05% and 0.02% richest people in the world....
Here on BHW, and in a lot of other IM forums, income is calculated by day. (e.g. $100 per day, $500 per day).
When seeing numbers this way, does $100 sound low? Does $1,000 per day sound like an "attainable" goal?
When you calculate your $XXX per day, most people lose perspective in comparison to the rest of the world, and even your own peers.
I just want to put some of these numbers in perspective, so you can learn to set reasonable goals and be proud of what you've done so far:
$100/day = $36,000/yr which is about what someone making $18/hr at a day job makes. Also puts you in the top 1% richest people in the world. (http://www.globalrichlist.com/)
$500/day = $182,500/yr which is more than most people, even in the US makes. Families who make this much are usually a dual income earners both with at least a bachelors degree. Puts you in the top 0.05% richest people in the world.
$1000/day = $365,000/yr this much puts in you the official definition of "upper class" by U.S. metrics. Almost no one in the U.S. makes this much money. Puts you in the top 0.02% richest people in the world.
This helps me put my income in perspective. I usually measure by week or by month. When I measure daily I say to myself "Oh I only had a $350 day today". But when you put that into a yearly perspective it's over $125k a year.
I'm not saying don't have big goals. All I'm saying that if you're making $200/day, that's a lot of money! Start with reasonable goals and then work your way upwards. Chances are, you won't be in the top 0.05% and 0.02% richest people in the world....