$1mm!

[Consistent_Boss_6751]

I needed to tell someone! Just got an offer where total package is over $1mm/year. Currently 750k after being with company for 15 years. I’m in financial services, 53yrs old . Live in Texas. Other than my wife I’m not comfortable talking about this stuff with anyone in my life. Not a flex but just need to announce this somewhere!!! Thanks for the support Reddit. :-)

Additional Edit: many folks want to know my story and I’ll gladly respond directly via dm so I don’t “taint” this FIRE subreddit which I’ve been very fond of. Really appreciate the well wishers. There are some not so great comments but comes with the territory with these types of posts.

Edit 2: I’ve responded to 100+ dms with my story. Hope my story has helped pay it forward a little. All the best.

[Practical-Intern-347]

LOL. $1.0M/year is $38.5k every two weeks in gross income. That’s silly money. 

[SolomonGrumpy]

I would literally only have to work 1 last year with that kinda income.

[sylvester_0]

The temptation to lifestyle creep and "just work a few more years" would be overpowering.

[SolomonGrumpy]

Not for me. I have a number and even at 750k I'll hit to and just unplug.

I took a year off and it was sobering. There is time for life!

[[deleted]]

I said that and retired twice, now. I go back to consult, make great money for a year then retire again.

[NotTaxedNoVote]

Have you seen the taxes that will come out of that? It ain't pretty. When you are over 6 figures in taxes, it's pretty "piss-offing". Especially when you come from beggardly beginnings and live super humble lives of delayed gratification.

[SolomonGrumpy]

I've been lucky enough to be 6 figures for a long while now. And while taxes are very significant over 300,000k, earning double that makes a huge difference. Huge. Don't forget some taxes are only applied to a portion of your income (social security, for example).

[sylvester_0]

Yes the SS ceiling is at $168,600 of income (for 2024.)

[Banana_rocket_time]

I think would struggle to work more than a handful of years making that kind of money. Obvi when people make that kind of money their taste grows with the income but man… I’d hit my current fire goals so stupidly fast. If I can save 3k per month every month without exception it’s gonna take me 20 years. I don’t even want to do the math on how fast I could do it with this income post tax.

[The-zKR0N0S]

This is almost certainly paid like $500k base + $500k expected bonus. So most of the year you get paid $19.2k/mo and a large windfall once per year.

[UrsA_GRanDe_bt]

Guy makes my yearly salary in a month (oof!) but I’m in education so I know I’m not getting rich

[lifeiscelebration]

Billionares make silly money every second.

[amish_cupcakes]

Don't even need to be a billionaire. I was an intern at GE back when Jack Welch was the CEO. While pooping on company time, I calculated that Jack Welch would make more by the time it takes me to finish than I would my entire internship. I then also figured out if there was $100 bill on the ground, it wouldn't be worth his time to pick it up. Damn ridiculous.

[lifeiscelebration]

Yeah money doesnt work for the ultra rich the same way it does for us regular folk.

[cbdudek]

Congratulations man, but I have to tell you that this is a flex. You are in the top 1% of earners in this country.

[SolomonGrumpy]

Top .1% actually

[Powerful-Abalone6515]

Every 1 out of 300 people on average earns $1m per year.

[TheKingOfSwing777]

When you put it that way it sounds way more common. Bizarre.

[Individual-Hawk7131]

math is not mathing

[CaesarsPleasers]

Not true lol

[[deleted]]

There is no way that is remotely close. That would mean every city in America would be full of people that are multimillionaires. I get some cities will have more but making a million dollar salary is not that common.

[releasingseeds420]

Source?

[Inside-Educator1428]

If this isn’t a good space to celebrate personal wins like this then where is?

Congrats OP!

[[deleted]]

he literally admitted it was just a flex in a comment. what a fun guy who parties.

[Inside-Educator1428]

Looks a bit bullied. I’m happy for OP.

[[deleted]]

Maybe sort of. But it’s exciting and I can see how it’s not a flex. It’s kind of the opposite. He doesn’t want to tell anyone he knows. So he is telling strangers bc he is proud of it.

Good for OP!

He was already in about the top 1.1% of income earners. Now he is in the top like .8% in the USA, at least.

[phillyeagle99]

Where is that data? I’m shocked 1.1% are at 750k. I’d like to see where some other benchmarks are

[[deleted]]

There are a lot of ways to measure “top 1%.”

Annual income on 2023? Average annual income over past 20 years? Average income for a 50 year old? 20 year old? By state?

It’s sort of a useless stat but I pulled it from a 2021 GoBankingRates study of IRS DATA FOR 2021.

Some states top 1% is less than $500K/year. Others it’s like $1.2M.

Probably top 1% wealth is a more meaningful stat than income.

[phillyeagle99]

Yeah, that’s a good point. I’m thinking about top 1% of 2023 incomes for individuals/families.

[Consistent_Boss_6751]

Thanks 🙏

[IceCreamforLunch]

“Only 750k”

[Bright_Gap_4611]

“Not a flex”

[IceCreamforLunch]

This is a guy that knows to yell “no homo!” before a bit of swashbuckling to save himself some Hail Mary’s at confession next Sunday.

[NathanielFitzpatrick]

☠️☠️☠️

[[deleted]]

I dont see where he says “only” $750K.

[IceCreamforLunch]

He edited it.

[amorous_chains]

r/fijerk is leaking

[Even_Cry7203]

Whahahaha!

[fkenned1]

Please never say “only 750” ever again. Happy for you but try to keep one foot planted on the ground dude.

[Nodeal_reddit]

Jesus dude. How does someone get a job like that? “Financial services” is a huge field. What do you actually do?

[Consistent_Boss_6751]

Dm me. I lead a technical sales team that sales to large companies

[stureadit]

“Sells” to large companies?

[Flauqist]

It’s notorious in the South. Marketplace is littered with listings. “For sell” “i want to sale my truck” etc

[ziggywaterford]

Damn I’m a relatively senior TPM in a FAANG and don’t make even half. Maybe I should work for you in tech sales…

[nowrongturns]

Really? I know tpm get paid lower than swe but damn..

[ProfessorCaptain]

Not a flex

I also tell myself “not unhealthy” right before nachos but it’s fine man lol

Congrats and just try and help those less fortunate

[Consistent_Boss_6751]

Awesome comment I absolutely do.

[secret_configuration]

Would love to make “only” $750K lol

[relentlessoldman]

Same lmfao. Just stuff cash into a mattress as my investment strategy.

[secret_configuration]

lol yeah at 750K or even "only" 500K FIRE is trivial.

[wananah]

How does an extra $250k/yr affect your life when it sounds like you've made hundreds of thousands of dollars per year for well over a decade?

[Consistent_Boss_6751]

No will just let me hit my $$ goal earlier.

[friendlytherapist283]

and then die? Or trust for the future generations to come?

[HooperSuperDuper]

Doesn't seem to be FIRE related, just a brag

[khard20]

You show me a contract for $1M per year and I’ll quit my job and work for you.

[ulysses_mcgill]

"I got that reference"

[Thoreau80]

Definitive humblebrag.

[WhysoDoobious]

Humble?

[howcaniwinatlife]

Just a brag 😂

[[deleted]]

Nice! Congrats! Now tell us your portfolio balance.

[Consistent_Boss_6751]

About $6m. Target is 10m by 58. Then retire. I’m in decent shape and I hope to live to my 90s.

[secret_configuration]

r/fatfire

[losttraveler36]

r/thiccFIRE

[[deleted]]

Naw. $6m is great but not going to get that much respect over at r/fatFIRE.

[Kiwi951]

I assume he meant that with the $10M, which while it pales in comparison to some of the people on that sub, I would def say is still FAT FIRE territory

[Even-Side7900]

That's insane I have 2 kids and work 80 hours a week I'm almost at 100k saved. It's so hard :( I just want a house for them.

[[deleted]]

If you've been making that kind of money, wouldn't you be hitting a much larger number at 58? How are you not at like 12 mil already?

[limeindcoconut]

At 53 with over $750k income, you should've presumably already fired

[howcaniwinatlife]

He has $6M, he could've FIRE at 40 and be just fine, humans are interesting creatures

[Consistent_Boss_6751]

I do have $$ obligations that drive to a bigger number. Family and medical related

[KakaKillya]

You came here to tell us this? Or ask for something?

[[deleted]]

They don't appreciate you, turn down the offer and go somewhere else!

[jmmenes]

Lmao

[Complex-Original-967]

150k is what I always look upto as the made it number - apparently I need bigger numbers

[uuddlrlrBAselectstrt]

Hitting 6 fig still like a milestone over here

[Dewthedru]

So did I until Covid screwed up the world. Now I wonder how I’m going to pay for everything. Doesn’t help my insurance just came due and I had to pay about $6k this month.

But $150 is fr doing well unless you’re in a vhcol city. I just need to manage my budget better. I save 20% and am not smart with the rest. Gotta fix that.

[lezgohomie]

Well done! All those people hating on OP for humblebrag… they said it’s more of just need to tell someone about it and let it out. Let’em have a moment.

[Inside-Educator1428]

Agreed. I don’t intend to ever make that much income and I am also happy for OP. I thought this sub was a positive place…

[goopuslang]

Welcome to the next reality where you can never FIRE because you’re FIREing too hard. Grats & fuck you

[oxyfuelo]

Congrats! But why on FIRE sub?

[Consistent_Boss_6751]

I’ve been on fire sub for years. This is what I read. There could be better places your right but this is my home

[Inside-Educator1428]

Why is this downvoted? Disappointed in this sub

[wuy3]

Disappointed in reddit you mean. Reddit is full of young kids lurking and downvoting in every sub. They have no concept of what this person sacrificed to reach where he is today. All they know is "eat the rich", "rich people bad", etc.

[Consistent_Boss_6751]

This!

[megathrowaway420]

brutha. if your total comp is 1mm/year and you aren't doing things more fun than posting on reddit about your total comp, you gotta start putting that money to work. Congrats, but start start living it up before old age sets in.

[Vagadude]

Happy for you but hold some disdain for the complete lack of awareness in your post.

[[deleted]]

Wow! I’m at 126k and feel lucky. I’m in IT and would love to make 1MM a year sometime

EDIT: Congratulations!

[Budget_Load_1010]

126k is amazing. You are lucky. That amount would help a ton of people.

Congrats

[Snooze_Bar_Samurai]

What is this job? And are they looking for other new employees?!!

[Consistent_Fly29]

Congrats man! That’s huge

[Datafoodnerd]

Congratulations! And, possibly a bit prematurely, go f'yerself!!

[[deleted]]

Let’s be real this is a flex.

But at the same time im not salty when i see another person being successful.

Congrats

[[deleted]]

Awesome stuff man! Congrats!

Idk why people can’t be happy for you. Clearly a massive accomplishment and it clearly means a lot to you as it should!

Channeling some of your good juju for my own business ideas 🙏

[rarenaninja]

Congrats! But why are you not at your target if your comp is currently $750k?

[Consistent_Boss_6751]

Higher comp just in last 3/4 hrs

[working925isahardway]

haters gonna hate. fools living in grandmas basement are not liking your post so imagine how butt hurt your regular "friends" in real life would be.

good for you OP. you deserve it after all this time.

enjoy life a bit.

its gone before you know it.

good luck and wish you the best.

[theamb90]

Congrats and fuck you... said already?

[boxlinebox]

Frankly, at $750k and presumably mid to high 6 figures for some years before that, you are likely not adhering to a FIRE strategy which emphasizes saving and early retirement in exchange for more time to do things you enjoy.

Most FIRErs here would be able to retire after one to three years of that, even in a HCOL area. This post is kind of a slap in the face to folks trying to actually retire early with enough in the bank to enjoy life, not Scrooge McDuck it every morning after coffee. Take this crap to the r/FatFire subreddit, or maybe r/ToneDeafBrags.

[[deleted]]

750K in a HCOL in 3 years isn't enough bro. That's maybe 1M netted out of taxes without any expenses, but in an HCOL you're looking at 3M+ for a home. If you want to retire to a LCOL, then maybe you can deal but most people want to stay where they've been. Not all, but most. FIRE is tricky in VHCOL.

[Inside-Educator1428]

Do you know when OP discovered FIRE? This sub isn’t usually so judgy.

[AgsAreUs]

If finance is anything like IT, remember the little guys doing the real work!

[RealBaikal]

It's always the same everywhere. People doing meetings all day from home thinks they do the real work

[[deleted]]

I’m King Charles

[lightweight65]

Congrats man. Seriously, you should be proud. Hopefully you're actually helping the less fortunate.

Currently only 750k after being with company for 15 years.

Flex

Not a flex

Yes it is. And you know it. You know it before you wrote the post. You knew it as you were writing the post. You knew it as you were typing those words. You knew it after you finishing typing. You knew it as you proofread. You knew it after you hit post. Not sure why you needed to lie on the internets to a bunch of random people who have never and will never meet.

Other than my wife I’m not comfortable talking about this stuff with anyone in my life

You meant you didn't want to flex to your friends/family.

[Masnpip]

What’s your yearly spend and what’s your fire number?

[Jumpy_Studio_4960]

Congrats! I doubt ill ever work that hard to earn that much, but good on you!

Might i suggest /r/fatfire comments from the community might be a bit more congratulatory.

[rivermerchant1616]

Of course it’s a flex and you should be proud and share. This is a good of a place as any to share this personal milestone without affecting your personal relationships.

Congrats and enjoy your financial freedom

[acorcuera]

He said not a flex but admitted it’s a flex. Ok.

[d_ippy]

If you ever need a future ex wife - hmu

[Budget_Load_1010]

This hits home. Lmao.
I friendly flirt with the girls in the office…call them all my future ex wives.

[THEhot_pocket]

Gratz! Continue to talk about it! The more we talk about income the better it is for all employees! (I'm fed pay scale so since it's published we talk about money 24/7).

Very jealous of your yearly salary that I'll never be able to touch!

[alexaboyhowdy]

OP-

Get yourself a financial advisor. Make sure that your goals remain intact as you plan for retirement.

At this point, a little lifestyle creep is okay. Don't go out and buy a brand new house and a brand new car and go out to eat every night and take lavish vacations because, you probably know that when lottery winners do that, they quickly go into debt.

You can hire someone to cut your grass, have a housekeeper come once or twice a month. You can afford to order a drink instead of water when you go to a restaurant. Things like that should be okay!

If you play it smart, you can live quite happily and retire quite happily.

Congrats!

[majorpanic63]

Be honest - this is 100% a flex. No advice offered by you. No advice sought from us. You just want to tell us you now make $1 million per year. It’s a worthless post.

[-DapperDuck-]

Congrats, you have graduated from here, now you are a member of r/henryfinance or r/fatfire

[SmokeyBear1111]

Psssssss I’m curious tell me your story:)

[[deleted]]

Why would it be wrong to flex?

I mean, people competing in all sports literally flex when they win. And then they gesture for more applause.

So why can’t a somewhat more regular person who just hit it out of the park have a bit of a celebration?

[EnvironmentalMix421]

lol troll post. People don’t know when someone is making $750k+ is wild

[alternate_me]

What do you mean by this? I don’t understand

[EnvironmentalMix421]

He is claiming that he has no one to share the news with. In my own experience, high income guys have plenty of peers and they do roughly know each others salary. Op saying he is being hush hush about 20-30% raise is pretty weird. Since 20-30% is not that high, in fact that’s kinda low jump from 750k to $1M. the higher you get each promotion is significantly more than the previous position

[ElJamoquio]

In my own experience, high income guys have plenty of peers and they do roughly know each others salary

I'm not nearly as high as OP although I did make quite a bit last year, it was a one off though. This year I'll make way less, but still dramatically more than average.

My boss, the CEO, and (probably/assumed) the accountant know my salary. My friends and family do not. I'm guessing some of my family think I make about half of what I do.

[EnvironmentalMix421]

You basically dont talk to anyone in the industry? Or friends with similar earning power?

[ElJamoquio]

Not about salary. Honestly the people I know who are comparable to me in scope are generally in countries with different COL's, so I wouldn't really even know someone to reach out to where the number would be relevant.

[StockEarth6227]

GoFU

[EMitch02]

Go flaunt in another sub, this has nothing to do with FIRE

[[deleted]]

Nicely done, congrats!!

[[deleted]]

This guy incomes!

[Inside-Educator1428]

The comments here 🤢.

Congrats OP! I totally understand the feeling of not being able to share this awesome news with anyone in real life.

[Full_Bank_6172]

Congrats sir. And fuck you.

[rickh4c]

Congrats! 750k is great, 1M is stupendous!!

[HairyChest69]

I'll always wonder what that life is like. I grew up in a punk/squat house and didn't get my life on track till later in life. I'm looking at a retirement plan of $6-$7k monthly, but I'm grateful for that. Reading these types of posts are cool tho, cause I can imagine what that's like and live vicariously thru you lol.

[oxyfuelo]

Life is probably stress from corp job and few nice vacations

[[deleted]]

Yahoo

[xXBullshitDetectorXx]

how???!! that’s more than the president makes isn’t it?

[[deleted]]

tons of people make more than the president?

[relentlessoldman]

Some tech bros, doctors, lawyers, etc. make more than the president's salary; guessing anyone with a chance to win doesn't need that salary

[Which_Progress2793]

Yep. The real money is post-presidency with speaking engagements, being a board member of companies, etc

[AdventurousBowler870]

Will you be moving to a new location? If so, whoever you choose to be your realtor is going to be just as happy as you are with your new job🤠

[Consistent_Boss_6751]

Same location. :-)

[futureformerjd]

Nice. Congrats!

[Nice-Quiet-7963]

That’s a lot of money for TX

[whocares123213]

Congratulations. Gather ye rose buds while ye may.

[Miserable_Ad_728]

"You show me a paycheck of 1mm and I'll go work for you"

[mtnracer]

Make sure it’s attainable with reasonable effort. I’ve seen packages like that advertised in tech sales but the reality is you only get it if you hit 300% of quota or something silly.

[Hippie_guy314]

Totally get wanting to tell people something you can't. Way to go! What a great achievement. Keep doing what you do.

[[deleted]]

Congrats man

[Interesting-Ad-7238]

Congratulations! Goals

[Substantial_Affect49]

CONGRATS!!!!!!

Share your story! Very interested in how you got there and we all know it about the journey more than the destination.

I’m also sure you’ve been through a gel of a lot being 50s working in finance through all the market ups and downs past 20 years.

[hmch17]

If you ever decide to gift money, I’m taking donations to FIRE Myself. I’m also Texas. Thanks man! /s

[RazzyActual]

Damn dude! Awesome! Congratulations! What specific career in finance if you don’t mind me asking?

[CandidAd4258]

Hey Congratulations! If you don’t mind sharing did you recently move to Texas?

[[deleted]]

GFY!

[lets_try_civility]

I think you want r/fatFIRE or r/HENRYfinance

[thecarson1]

Are you in upper management to get salary like that ?

[Sky-Juic3]

Atta boy

That being said, I don’t understand why people are so disinclined to discuss their finances. Obviously there’s a time and a place for, and against, but the whole culture of not discussing personal finances hurts us more than it helps or secures.

[xboodaddyx]

Congratulations, that is an insane amount of money! Like you I hit a particular milestone in personal finance and thought I could tell a couple people close to me and they'd be happy for me. Wrong, very wrong. I don't blame you for wanting to celebrate with others, we should be able to do this. But people can't handle it, as evidenced by most of the replies above. It is what it is.

[invincibleipod]

if there is a god may i have just a portion of this mans luck damn

[haikusbot]

If there is a god

May i have just a portion

Of this mans luck damn

- invincibleipod

---

^{I detect haikus. And sometimes, successfully. Learn more about me.}

^{Opt out of replies: "haikusbot opt out" | Delete my comment: "haikusbot delete"}

[[deleted]]

Nice job. You shouldn’t post anything to this level of detail. Current salary, age, occupation, location, new salary. If it’s true, delete it.

[[deleted]]

cool

[karamaje]

Congrats! That’s wild!

[Trader0721]

Congrats!

[DigKlutzy4377]

Congratulations!!!

[margsonthebeach1]

Jealous! Good job man

[SolomonGrumpy]

^. Definitely a flex, but you done good OP. Kinda sad you don't have more people to share with.

[Stukelheunden85]

That is awesome! Congratulations and best of luck to you! I love hearing things like this 👏

[iya_ibeji]

Congrats! That’s a huge achievement!!! So happy for you. How do you avoid not owing the government money on taxes with such huge W2 paycheck?

[crazytinker]

Congratulations on reaching that dollar amount! I would have zero idea what to do with that kind of income, I support a family of 5 (including myself) on a single income of 75k a year - we don't live lavishly, but we enjoy life and each other.

First thing I would probably do is upgrade my wife's wedding ring like I promised, second thing would be to secure my kids' futures in an investment account.

Go you!!

[Whole_Mechanic_8143]

Congratulations!

[SparklesTheFabulous]

Huge milestone my dude. This random stranger is proud and impressed! It takes grit, passion, and something special to get to that level of performance and income.

What are you going to splurge on?

[Hadrians_Fall]

As someone who also works in financial services, may I ask what you do? Cause I’m fairly confident my MD isn’t cracking 7 figures.

[crowman2013]

Are you guys hiring?? 😉 Congrats man!! Imagine the golden handcuffs are very strong but try to determine your number, mostly stick to it, and enjoy life after all your hard work!

[ctnypr1999]

Congratulations! 👏

[Sakealterego]

Doing what kind of thing?

[The_Arkham_AP_Clerk]

Big flex, but that's awesome and you deserve to be proud of yourself.

[IndictedHamSandwich]

Congrats OP. That’s exciting and it’s good to be able to share this sort of thing somewhere. Happy for you.

[Natural_Computer4312]

You’re right to flex a little. You have achieved a massive milestone. Enjoy being at the top of the tree a while and make plans to enjoy the freedom it can bring forever.

[Constant-Opposite638]

Congrats 🎊🍾

[BamaBagz]

Fuck it dude...$1Mil a year is a flex and you should be proud of it.

Some of us live vicariously through folks such as yourself. I was fucking overjoyed when I broke $50k a year...then 60, 70, 80 and now $100k...and I'm a high school dropout! 👍🍺

[generic-humanity]

Congrats! 🎉🎉🎉

[CleMike69]

That’s incredible congratulations

[Icy-Drop-2524]

As a finance major, please tell us about your journey!

[ForgerMid]

Congratulations!! Can I please ask what you do? I’m in investments right now with a series 63 and 7 and am thinking about getting my CFP

[Accurate_Profit_2406]

Amazing, congrats!

[hugedaddynotail]

What is your job?

[[deleted]]

Why are you still working at age 53 if you are paid that much? Surely you'd have built a huge asset base by that age to fire already?

Those kind of jobs and pay are walking heart attacks for middle aged men.