Where I teach, you get raises based on years of service, up to 10 years (these are called steps). Our district had a step freeze for the past 3 years. Long story short, I've been teaching for 7 years, making what a 4th year teacher makes. If I ever GET my steps and make it to #10, I will almost double my income.
Emerson Kate, born 38w5d on 4/6/12 at 6:02 p.m., 5 lbs 13 oz and 18 3/4 inches. Lucas Matthew, born 39w5d on 4/11/14 at 8:20 a.m., 7 lbs 4 oz and 20 inches.
Well, we could make significantly more money next week if we'd agree to move to Houston. I think between the incentive pay bump and taxes, DH's take home pay would double, and that doesn't even include the LCOL advantage. But then we'd have to live in Houston...
If I go back to nonprofits, I will never make much. DH job hops every few years and negotiates decent pay bumps each time, and I expect that will continue. Plus, he'll make more as he keeps moving up the corporate ladder. He's super smart and ambitious.
Post by breezy8407 on Aug 27, 2013 14:06:25 GMT -5
Me: yes, but the field I am in is so volatile still. I was unemployed for about 9 months in 2010. A lot graduates in my field from about 2009 and on just don't even bother looking because there are no jobs. But...I am in a corporate job and it really is about my motivation and commitment to getting licensed. If I get licensed, I could probably expect at least a 10-15% raise. There is a lot of potential to move up and/or move up in salary with each job change. Hard to gauge because of the economy still.
DH: a little, but he is a teacher and like others have said, there's only so much you can do. He has no interest in getting his admin, because he doesn't want to do that. He has his masters and plans on taking classes again next summer. He gets raises for M+20, M+30 and then also for years of service.
I know one thing is for sure...not paying $2000+ a month in daycare will free up a lot of money for investing and saving when they start kindergarten.
If I ever decide to leave academia, I expect to make much more. DH also is on the upper management track and I foresee good things for him. So, I think we'll make more in the coming years/decades.
Post by rubber pants on Aug 27, 2013 14:17:44 GMT -5
Yes.
We already have a significant amount of money in our retirement funds. DH's company gives FREE profit sharing to their employees. Its amazing. He also is SO CLOSE to an executive position within his company. He has worked very hard to get where he is today and Im extremely proud of him.
We are one and done. Daycare expenses will be done in 3 years. Our mortgage will be paid off in 14 years and then we can REALLY bank our money.
Post by TrudyCampbell on Aug 27, 2013 14:27:06 GMT -5
Oh yea, Nicole reminded me. My H also works for a start up and he's a co-founder so if the company goes public there is potential to make serious money. I have doubts about the future success of his company though sooo we'll see.
Yes, I'm a young lawyer and I can potentially make double what I'm earning now if I work for it.p, but realistically I'm not currently on the partnership track so I won't get that far. My hope is that we will just remain comfortable and be able to contribute to Hanks education. So far we're on track.
Nope. Never. I'm a teacher, so it's not like I could make more if I worked more hours or something.
Right, but you could get promoted if that was your goal.
When looking at what H does vs a teaching job, I'd say a teacher has more opportunity to make more money than an autobody tech/painter.
Know what I mean? Like your job as a teacher sets you up to apply for jobs in administration (if that's what you want) but H will only ever be an autobody tech/painter.
Yeah, I guess. But I don't view a teacher and an administrator as the same job. It is not one that I would go for, nor do I have the degree for it.
Our best bet at having more money is having A in school and not paying for day care. That's pretty sad. But, as teacher's, the pay increase is minimal and maxes out pretty quickly
I don't. But, I think a lot has to do with stock and investments.
Yes.
I personally will not be making more money. I am a musician (enuf said LOL) DH will make more money at his job as he gets older and expands his client base. Also our investments will bring in more return. Just as well, because private school for our 2 kids is $$$ and by the time they are in 12th grade will probably cost about $30k a year.
again I didn't read the responses. I make about 5 percent more a year for salary and 5 percent bonus increase a year I plan to work 30 more years so I guess that will be significant
Post by wildcatprincess on Aug 27, 2013 22:31:12 GMT -5
Once our student loans are paid off (~2 more years!) that's an extra $650 a month, I'll feel rich then. Eventually DH's car will be paid off, that's more. I'll probably go to part time work (vs per diem) once the kids are both in school. I can definitely see us having at least a little more per month eventually
Post by thedahliharpa on Aug 27, 2013 22:32:00 GMT -5
I'm the senior ranking employee in my organization (it's a front I get paid like crap for what I do...but my business card is fancy! :-p). There is no where to go, just more work to be done as the company grows. I can make more but it's a slow climb. I may decide to pursue a new career in a few years. Consumer goods isn't very satisfying. DH is in a similar position We could go to bigger ponds, become smaller fish, and perhaps have more opportunities but it would be hard to get back to the top. I trade money for power muahahaha..I'm kidding, sort of.