Social Question

mowens's avatar

Do you know anyone that makes over 150k a year?

Asked by mowens (8353points) August 19th, 2010

Do you know anyone that makes over 150k a year?
How much do they make?
What do they do? How did they get there?

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49 Answers

brotherhume's avatar

My friend’s father is an endodontist and he seems to be making a lot of money. Usually medical specialists make a lot. Much more than regular doctors or dentists.

NaturallyMe's avatar

My dad (or he makes about that amount). He’s an engineering consultant.

My husband’s aunt makes more than that for sure, i think, hehe. I think she bottles and sells vasaline. I’m not sure what else she does.

Frenchfry's avatar

Well it sure isn’t my family. Yes! I do… He owns a Tank and Steel factory. The make things like gasoline nozzles.

Seek's avatar

Personally? no.

My husband does work for people who make that much and more, but we never ask what they do.

trailsillustrated's avatar

my husband does- you work for a big company for years, work your way up the ladder, get into the executive level, that way you get large bonuses. he said changing jobs alot isn’t a way to do it

Coloma's avatar

Yes.

Several of my friends make 200k

A third 300k

One is an Intel exec and the other an engineer for a private consulting firm, the third is an attorney.

The first two have morphed into their present day salaries after 30 years of climbing the corporate ladder.

Both work very hard for their salaries and both are involved in extensive travel which has been hard on their relationships and families.

While they live very comfortable lifestyles their stress levels are through the roof.

Be careful what you wish for and realize that sometimes less is more. ;-)

SamIAm's avatar

Where I grew up many people made at least that. A lot of their jobs were in oil, finance/banking, or they were CEOs of huge companies such as GM. Others started small and built up large construction/building companies or clothing lines (there were a lot of people in the garment industry actually).

Cruiser's avatar

Yes, I know a lot of them and all of us went to college did well there and worked their tails off to get to where they are today. Stock brokers, salesmen, insurance agents, doctors, a lawyer, a couple of accountants, one dentist, and a dozen or so business owners and one journeyman plumber with a side job his boss doesn’t know about. How much they really make I don’t ask and I don’t care.

shego's avatar

Yes I do. I know a couple of state senators, I also know the Govenor of Colorado.

NaturallyMe's avatar

To add to my first comment, my dad also works VERY hard (ie long hours), usually at least 18 hours a day, and he’s also built up his business over many years. He works for himself now and has worked himself up the ladder since the time he graduated.

muppetish's avatar

I can’t give you a quote on how much he makes, but I had a professor in high school who was quite wealthy (he had to be, considering he was funding our ceramics program out of his pocket – and this wasn’t a dinky studio crammed into a tiny classroom.) He sells original ceramics pieces and consults with a company that sells clay and glaze. He is intimidatingly intelligent and one of the most fascinating people I have had the pleasure to meet.

If I have met anyone else who makes more or is related to someone who makes more, then I wasn’t privy to the information. I don’t make it a point to ask people how much they bring home annually.

brotherhume's avatar

“Below 60,000 dollars a year, people are unhappy, and they get progressively unhappier the poorer they get. Above that, we get an absolutely flat line. I mean I’ve rarely seen lines so flat.”

- Daniel Kahneman (Nobel laureate and founder of behavioral economics during a TED Talk)

Coloma's avatar

@brotherhume

Haha…interesting and, most likely true.

I can quoate an attorney I know who said to me a few years ago, ” I gotta get out of family law, it’s KILLING me!”
He suffered a heart attack two days later! ” ( He did not die )

I’m all about keeping the stress down, I can live VERY well on 40k a year…simple living, good food, travel now & then, and, best of all…all on a part time schedule.

I am also debt free.

There is no amount of money that would lure me into a 100 work week.

Seaofclouds's avatar

I know a few doctors and a lawyer that make at least that, if not more. They all work hard and dedicate a LOT of time to their profession. I do not envy it one bit. They usually seem to be more stressed than I am. I’d rather be where I am now and not have to be stressed constantly.

DominicX's avatar

My dad. Don’t really know how much it is exactly, it’s never anything I’ve really known, I just know that it’s well over $150K a year. The money comes from venture capital. My dad definitely did not start out that way. He started out in several other jobs and eventually went from being a venture capitalist for a large firm to starting his own firm. His firm specializes in computer/technological companies.

I’ve also grown up around other wealthy families who make over that as well. One I knew was a CEO of a computer software company, another I knew was an attorney whose wife was a dentist (both Stanford graduates). Together they made a lot…

partyparty's avatar

My aunt is a multi millionaire. She owns a care home for the elderly.
She started off with just a small care home, then extended and extended until she is where she is now.
My neighbour is a millionaire. He owns a fitness gym.

brotherhume's avatar

I think one of my friend’s dad is a billionaire from owning parking lots all over North America. It usually takes a lot of work to get to where these people are and I believe that they have to give up certain principles. You could call it a soul or whatever. They paved paradise and put up a parking lot right?

@Coloma Good food, good friends – what more do we need?

Simone_De_Beauvoir's avatar

All the oncologists that work with me make over 400K – I don’t think they deserve it.

Coloma's avatar

@brotherhume

Agreed, not ‘a-greed.’

The best things in life ARE free.

Nature, pets, friends, laughter.

Better to live with less ‘stuff’ and more time, than the other way around.

I will always choose time over money. :-)

DominicX's avatar

@brotherhume

Yeah, rich people have “sold their souls”...sure…

brotherhume's avatar

@DominicX I have met many wealthy professionals and many are hard working and completely decent people who happen to have a lot of money. But many other extremely wealthy people seem to have given up on many family relationships and broken a lot of friendships. They could crush all their competitors and dip their caviar in truffle oil every night but is it worth it?

DominicX's avatar

@brotherhume

That’s totally true. There are definitely wealthy people out there who put career first and family second and those who have cheated their way to the top. I just know so many people who assume all rich people are like that and it bothers me.

rebbel's avatar

The first Jelly who’s going to make 150 K is probably going to be @marinelife or @AstroChuck or @wundayatta or @johnpowell or maybe @augustlan.

janbb's avatar

Yes – doctors, business owners, professors at the top of their profession, therapists, lawyers,,,,,,

NaturallyMe's avatar

You all are making me (almost) regret that i decided to not practice law after getting my law degree… :P

(not really, doing something you hate is never worth a good income).

mowens's avatar

I have a friend who makes around 150k, he’s loaded, works for microsoft, and is very down to earth. He was at a car wash, in his $100,000 BMW, and the lady in front of her had a 3 series and was bitching up a storm to the car wash employee for being slow. My friend said it was a 110 degree day, so he got out of his car, and in front of the annoying lady gave the employee a hundred dollar tip, and thanked him for doing his job.

Simone_De_Beauvoir's avatar

@mowens Aww, ain’t it nice to be able to do that to the ‘little people’ – end sarcasm…it’s not a big deal for him to give a hundred dollar note.

Coloma's avatar

Money always brings out ones true colors.

If one is of a caring and generous nature to begin with, money will just enhance that nature.

If one is petty, self centered, and arrogant, money will enhance those qualities as well.

I am far from rich but one of my greatest pleasures is sharing my abundance, be that monetarily or simply throwing a dinner party.

The greatest joy I can think of in being mega wealthy would come from the joy of helping others and spreading the love!

Occasionally I entertain the fantasy of winning the lottery and my first thoguhts are how awesome it would be to surprise a few friends, pay off their mortgages, set my daughter up, and purchase around the world cruise tickets for all of my friends, as well as generous contributions to charities local and international.

Truthfully if I won say 20 million, I could easily retire and live amazingly well on maybe 5mil.

The rest would be overkill.

I am a huge advocate of sharing ones good fortune, after all, how much crap could you really buy and use…just a waste.

I’d also create an animal sanctuary and my big dream, a ranch for underprivleged kids where they could learn the joys of nature, animals and healthy living.

mowens's avatar

@Simone_De_Beauvoir True. I asked him to give me one and he laughed. :( He is a good guy though, and thats all the cash he had on him.

stranger_in_a_strange_land's avatar

No Jelly in that tax bracket is likely to admit it here.

mowens's avatar

If i won the lottery, I think I would buy my parents a palace. They put up with me for a loooong time. They deserve it.

BoBo1946's avatar

I’m a multi-millionaire! i’ve lots of friends!

downtide's avatar

Personally no, although I have met one of the very senior executives in the company I work for and he probably earns that much.

Pied_Pfeffer's avatar

Yes, I know quite a few that make that much or more. All are at an executive level within a large company. Most are in the hotel business. All have a bachelor’s degree, several have a master’s degree, and my cousin has a PhD from MIT. Other than the cousin, the rest worked their way up in the business.

My cousin travels around the world to work with technical companies to help them identify where they want to be in 5–10 years’ time. He then goes back to a team of technical engineers to develop the technology that will help these companies achieve their long-term goals.

All of them have found their niche, and I doubt that any of them set out to make vast amounts of money. They are just really good at what they do: they continue to learn along the way, are open to change, see a vision, know how to inspire people to see it as well, and they get things done.

Austinlad's avatar

Austinlad. In his dreams.

brotherhume's avatar

@DominicX There are probably a lot of rich people out there who don’t flaunt their wealth. Snobby billionaires giving rich folk a bad reputation!

NaturallyMe's avatar

@Simone_De_Beauvoir That doesn’t diminish the value of the tip given to the guy. And nobody said the guy was “little people”. All i saw was a generous guy, who was both willing and able to give a tip in an attempt to brighten the day of someone who is obviously having a bad day.

Simone_De_Beauvoir's avatar

@NaturallyMe I can see that side as well.

Pied_Pfeffer's avatar

@NaturallyMe Don’t fool yourself. Your friend (probably) did it to make a point to the cranky lady behind him. If that wasn’t the purpose, then why would he share the story? Personally, I think it would have made a better point if it had been a much lower denomination….one that she could relate to.

NaturallyMe's avatar

@Pied_Pfeffer If everyone has to calculate their tips in such a way so that they can be sure it relates well to the people at hand, that’s going to get really confusing. The story was shared to show that all wealthy people are not assholes? Why would you think that the friend was probably only doing that to prove a point? Couldn’t it be that he saw this person was having a bad day and decided to do something about it as best he could? Some people choose to be helpful through money more than any other way. I for example would rather give money than physically help people in need in any other way. Everybody helps in different ways. Either way, the guy receiving the tip surely was pleased about it, is that not the most important part of the situation? Most often the motive with which assistance was given does not negate the good that was received by the receiver.

Aster's avatar

My husband’s ex. She didn’t work her tail off to get it. It was inherited. She did, however, teach school to gifted boys for decades regardless, then inherited a parking lot in dallas and her father’s tobacco and exxon stocks. He was buying tobacco stocks back when the cave men discovered smoking. Wish I had known him. Took his lunch to work. She spends a lot of time in Yellowstone and has a modest lake house for a vacation home. Never remarried. She has 2 degrees, one in chemistry. I like her.
My daughter’s inlaws. He made his in oil and real estate and he’s not even 54 yet. When I met them they were living in a tiny frame house. I don’t really know how all this happened but I do know he buys land from the poor – writes them a check on the spot- at very low prices. They spend a lot of time in Costa Rica, I heard he has business of some sort there, they visit San Francisco and they give Large amounts to their church and throw big parties everytime a family member has a birthday. They don’t seem at all miserable or stressed to me. I know she was complaining about being stuffed in a First Class seat recently coming home from California. Nice people. Family oriented to say the least.

Pied_Pfeffer's avatar

@NaturallyMe I brought it up because there are times where I have tipped above and beyond for good service, and I’ll ask to speak to the manager to let them know about it. I don’t share these situations with my friends. If I felt compelled to do so, particularly if it were to people that didn’t make as much as I do, it would be to make a point about how rudely people can treat those in the service industry when it is completely out of the employee’s control.

NaturallyMe's avatar

@Pied_Pfeffer oh, silly me, i didn’t realize you’re talking about this charitable friend being the one relating the story to the Jelly who wrote about it here. Well yes, maybe he was boasting, or maybe he was having a casual conversation about what had happened during his day, who knows? But anyway, our analyzing his possible motives is not getting us anywhere… :)

Pied_Pfeffer's avatar

@NaturallyMe Nooo, it is my mistake. I read @mowens post and then saw the one from @Simone_De_Beauvoir that was addressed to you. Please accept my apology for the error on my part.

BratLady's avatar

I knew a man who got $358,000.00/year from lottery winnings and gambled it all away.
Sometimes the wealthy are greedy and sometimes they’re just plain dumb.

perspicacious's avatar

Many. I’m not in their club.

wilma's avatar

Yes I do know some.

cookieman's avatar

My doctor, accountant, and many of my freelance clients over the years all make well over $150k – but I’m not counting them as they are acquaintances at best.

I have no friends or family that make that kind of money (that I know of).

My boss is the only person I actually know who makes more than that. Quite a bit. He’s a millionaire. Nice enough guy, but he doesn’t seem too happy. Wife left him alone in a big house. Nice children though – but he eats, breaths and sleeps the job (he owns the joint). Must put in 100 hours a week.

Neizvestnaya's avatar

Do you know anyone that makes over 150k a year?
Yes, many people.

How much do they make?
Between $150K- $400K

What do they do?
Most of them are car salesmen and the others I know are real estate title agents.

How did they get there?
They work smart and hard. They aren’t hung up on the idea you need a degree to be in business or to feel like they’re too good to get their hands dirty and talk to strangers. The rewards are fantastic for those who can avoid turning to drinking, drugs, whoring and gambling in order to blow off stress.

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