/biz/ - Business & Finance

[Anonymous No.54454132]

at what age did you start making more money than your dad?

[Anonymous No.54454143]

>>54454132
my dads a doctor and i refinance auto loans lmao maybe i will when he croaks

[Anonymous No.54454148]

>>54454132
25 lmao, it's my mom I won't ever beat.

[Anonymous No.54454172]

>>54454132
Never. Oh snap that's pessimistic. I might take off in the future. OK- next year.

[Anonymous No.54454183]

at 14 because thats when he died lol

[Anonymous No.54454225]

>>54454132
>>54454132
I never had a dad. My mother impregnated herself.

[@skilesare No.54454709]

>>54454132
I work for my dad so never

[Anonymous No.54454716]

>>54454132
My dad is a VP
I just hope he leaves me something

[Anonymous No.54454725]

>>54454132
31. My first job out of masters degree. Dad was a school principal.

[Anonymous No.54454820]

beat mom first job out of college, about 30k behind dad

[Anonymous No.54454852]

>>54454132
25, software engineering is cracked strat

[Anonymous No.54454878]

The minute graduated college. He's a maintenance guy from a rough upbringing. Thanks for raising me right, dad.

[Anonymous No.54454890]

adjusted for infaltion or no?

[Anonymous No.54454905]

>>54454225
(uou)
slight chuckle

[Anonymous No.54454910]

>>54454132
He just retired last year, but not sure I ever will in my trade. He was an instrumentation electrician doing maintenance at a water plant government job and had been in the show for 42 years. I’ve been an electrician for 3 years now and I’m not sure I want to stick it out for another 30 to be considered for such a job. Hopefully with some oilfield money I can make it out by 40 if I don’t get a DUI And 7 child support payments like every old fart in the trades

[Anonymous No.54455022]

I was loaning my parent money when I was in uni
eventually I purchased a house and sold it to them cheaply so that they would have secure investment to help retirement money.

They built a second little flat on it they rent front and back.

This mean they now have a near 1M asset that pays them 2x rent every week. It in a good location right near a major university.

At the time though .... my dad after 4 years said I was ripping him off ... he did his calculations and forgot to factor in all the rent.

He literally attacked me on the lounge in my house, and i had to defend myself.

Hurt his finger a bit....and he was going to call the cops I said do it.

I just called him by his first name for a while

I also offered to purchase the house back from him at full market price (I kind of wish I did) as that's when the penny dropped that maybe it was a good deal.

Fast forward to now, years later he realized finally that he was on a great deal

Said to me recently that out of alll his children he now understood I was the only one that helped him out.

The other are always asking for money ... I gave him about 800K effectively

Also just before the GFC - I moved all his money into cash - and so he missed the whole GFC collapse thing

My dad still says every so father 'I should just sell the investment property' I say do it, and what are you going to do with the money?

My main thing is I wanted them to have a steady stream of income in their retirement and they have that plus a capital asset.

If I did no do this they would have had to sell their existing house to fund their retirement

kinda fucked up, but all i wanted is that they have enough money and assets

[Anonymous No.54455204]

I am not there yet since I just started my career a few years ago. I am guaranteed to eventually pass him after adding step increases and annual pay increases, but moving up the ladder would make it happen much quicker.
>>54454878
He was a first-generation college graduate in his family and I became a first-generation graduate degree holder in my family. That's not to say that he's perfect with money (cue his weekly warehouse club hopping shopping binges), but he has invested a great deal of wealth into me and my siblings that I want to pay it forward with my future children.

[Anonymous No.54455222]

>>54454709
based same.

[Anonymous No.54455224]

I have largely taken over day to day operations and management food the family business but he still collects the majority of income while paying me like an ordinary employee

[Anonymous No.54455411]

>>54455022
You did what you could and time sorted it out. That's a really rough story, Im glad everything worked out as well as possible given his fuckup

[Anonymous No.54455453]

>>54454183
Same

[Anonymous No.54456000]

>>54454132
25

[Anonymous No.54456070]

>>54454132
Fuck money, I make more time than my dad.

[Anonymous No.54456078]

>>54454709
sorry for your loss.

[Anonymous No.54456091]

>>54454132
24

[Anonymous No.54456110]

>>54454132
25

[Anonymous No.54456158]

>>54454132
My dad is a taxi driver and I'm a pharmacist. It took me 6 months of working to make double what he makes in a year. Now I make his annual salary in a little over 2 months.

[Anonymous No.54456220]

I dont know if ill ever make as much, but I'll be making enough to achieve my dreams.

[Anonymous No.54456350]

>>54454132
20

[Anonymous No.54456463]

>>54454132
I'm a junior engineer making $107k/year + $8000 bonus. My dad's NASA pension is still more than I make :(

[Anonymous No.54456486]

>>54454132
When he retired lol

[Anonymous No.54456500]

Adjusted for inflation? Never.

[Anonymous No.54457781]

22 (he got fired for crashing a cement truck while drunk driving)
He's been a benny leech smoking weed all day since then

[Anonymous No.54457807]

>>54454132
27. He works as a mechanic grossing $35k, and that was the year I started pulling $80k.

Nowadays I pull his yearly salary in a month. I try not to think about it.

[Anonymous No.54457984]

>>54454132
codemonke so at 24 after uni, at 25 I make more than parents combined

[Anonymous No.54458016]

>>54454132
When i got my first job (22)

[Anonymous No.54458043]

>>54454132
24 because I had a job with a lot of overtime and he was a professor at a state community college

[Anonymous No.54459594]

>>54454132
I don't and may never. I have a great title that might get me a job in a better area someday, but so far I make $20k less. Granted, he worked weekends and was a manager with tons of unpaid overtime. I have more boundaries with my time.

[Anonymous No.54459607]

>>54454132
As soon as I got a job because my mom is a dumb cunt that wastes all his money on frivolous bullshit

[Anonymous No.54459637]

>>54454132
>dad is a big dog board member in a fortune 500, pulls 7 figures
>I, his first born son, is a neet

He thinks it's great and thanks me for not taking his path. He says he is so glad that his son is spending his life carefully considerin the world around him instead of grinding away at a job. This is samsara. My dad worked so that I could focus on enlightenment. It would offend him if I became a wagie.

[Anonymous No.54459664]

Stealth demoralization thread
kys OP

[Anonymous No.54459676]

>>54454132
32

[Anonymous No.54459689]

>>54454132
One day, eventually. maybe. my father is a union man on over $180k a year as a general hand, I have the qualifications to be his boss but I'd still be on half his salary.

fucking unions

[Anonymous No.54459713]

>>54459637
this does sound based.

[Anonymous No.54459716]

>>54459664
>it's demoralizing to be held accountable for your short comings

You are a fundamentally pathetic person and you should be ashamed

[Anonymous No.54459748]

>>54454132

At this rate? Maybe when I'm 40 or something like that.

[Anonymous No.54459768]

Never.

Dad worked 12 hour shifts and did all that he could for money, so much so that he never noticed what I was doing. So I sat back, played videogames all day, spent 7 years getting a Bachelor of Arts and another 4 getting a Master of International Relations, accumulated student welfare payments while never spending a cent while he slaved away working and working. Eventually his body broke down from too much work, he had to take time off, and he finally wised up to what I was doing and demanded I move out since he had supported me for way too long already. It wasn't and end to our relationship or anything, I am thankful for what he did so I decided to live well for his sake too.

So I moved to South East Asia, work 4 maybe 5 hours a day, make 3/4 of what he did tutoring cashed up orientals who think I am smart because I have a masters degree and spend the rest of my days lazing around on the beach fucking hippy Western girls who come here to "discover themselves" and village girls who just moved to the "big city" of 100k people.

[Anonymous No.54459775]

27

[Anonymous No.54459779]

>>54454132
27. As soon as I was out of grad school

[Anonymous No.54459835]

>>54459637
Pretty based tbdesu

[Anonymous No.54460023]

>>54454132
16 when I was in high school,
minimum wagie. I started my own company.

You can bet they wanted a share, and still do.

[Anonymous No.54460052]

are you all taking inflation into account? and the cost of real estate, food, oil, etc? a $100k salary is like $40k in 1990

[Anonymous No.54460126]

>>54454132
Just face it, never. Unless you've got dead beat parents, that live of gibs smoking crack, we are never gonna out earn boomers.

[Anonymous No.54460220]

>>54460126
My parents were both middle class, I outearn them combined without a college degree

Maybe if you're a low IQ monkey what you said is true

[Anonymous No.54460227]

>>54454132
inflation corrected?

[Anonymous No.54460234]

>>54454132
My dad married a CFO 15 years younger than him and doesn’t even work.
So idk, 18?

[Anonymous No.54460261]

>>54460220
>Middle class
That's a nice way to describe low class wagies.
My father runs a family hotel chain, makes more money in a day, than the GDP of albania. Probably employed bothy our parents.
Enjoy your 10k salary.

[Anonymous No.54460265]

>>54459637
Based but if you don’t have kids it’s a fucking waste

[Anonymous No.54460269]

>>54455022
you hurt your dad in his pride, it seems you still don't realize
there's higher things than money

[Anonymous No.54460282]

>>54454225
Empowering.

[Anonymous No.54460285]

>>54460265
In fact I dont plan on having kids. I am the end of the line.

[Anonymous No.54460938]

>>54454148
Same I started beating my dad at 16 though cause my dad's never had a job. He was a weird 40 year old hippie who married a 20 something academia bound woman

[Anonymous No.54460976]

>>54460938
Your dad sounds like a fuckin winner

[Anonymous No.54460988]

>>54454132
probably never. Can't currently think of a way of making 400k profit a month

[Anonymous No.54461072]

24. My dad is an alcoholic loser who never moved up the ladder at his company and still works an “entry level job” despite being there for 25 years
>inb4 what does he do
Sales

[Anonymous No.54461453]

>>54454132
My father went bankrupt in the pandemic and killed himself, so 19 lmao.

[anon No.54461561]

>>54454132
I bought RATS. So I'm already headed to not only pass my father's networth, but Jeff Bezos as well.

Easiest 10-100x and it's only 17k MC.

[Anonymous No.54461626]

>>54460269
His dad should learn to grow the fuck up

[Anonymous No.54461668]

>>54454132

21

However, my dad was a Chad and a manwhore, so he still mogs me.

[Anonymous No.54461951]

23
I let him live with me during covid because he lost his job and my mom is dead
I take him on vacation with me using my swing trade profits, we just came back from Denmark a few weeks ago

[Anonymous No.54461998]

>>54454132
Last year, but I’m working two jobs. Not sure if you’d count that.

[Anonymous No.54462025]

>>54461998
Age 27*
I never had to get vaccinated though and he did. I call that a win.

[Anonymous No.54462171]

>>54459637
you have a great father anon keep him safe

[Anonymous No.54462188]

>>54460938
Based dad

[Anonymous No.54464194]

>>54454132
33 here. My salary (160k) passed my father's inflation-adjusted salary (157k at the time of his retirement) two months ago.

Surpassing his best year in total income - salary and equity - is going to take a few years if I manage though, since 1M in a single year is a pretty steep accomplishment.

[Anonymous No.54464204]

>>54464194
Err, 157k after inflation.

[Anonymous No.54464259]

>>54454132
33 here. My salary (160k) passed my father's inflation-adjusted salary at the time of his retirement (157k) two months ago.

Surpassing his best year in total income - salary and cashing out equity - is going to take a few years if I manage though, since 1M in a single year is a pretty steep accomplishment.

[Anonymous No.54464554]

>>54454890
Adjusted for inflation there’s no way I could match my high school educated parents’ income at the same age. They lived in a different world. I’m not counting investment income, of course. My parents always spent it as fast as they got it.
t. engineer

[Anonymous No.54464632]

>>54454132
I’ll never make more money than my dad. He makes over $300k a year.

[Anonymous No.54464639]

I make more than him when he was my age but I can't afford a house and only two kids
he had a house and 4 kids

I have a feeling I was lied to about the value of the dollar being pegged to hard work

[Anonymous No.54464728]

Unrelated but what the fuck was Mansley's problem? I get he was a McCarthian DC mafia ladder climber but then he had to go lie about Hogarth being killed (wtf, the army saw the Giant, he was already exonerated and justified then) and then the fucking missile launch (WTFx2)
I wish they had shown something after "He can stay here like a good soldier"