In Discussions, Money, Wealth

How much money I have made and worked since I started working

HOW MUCH HAVE YOU WORKED?

This was a question that needed a bit more research for an answer, I had to go back into my budgets from previous years (I use this Budgeting Tool) and try to remember the days I worked and how much I made.

WANT TO SEE THIS EVERY  YEAR?

You can see my previous calculations on working hours & salary here.

Maybe I’ll make this an annual feature?

Let me know.

Calculation notes

  • I only calculated business days worked (e.g. 5 days a week not 7)
  • I put the net income earned (after taxes, as I do my own salary so I know)
  • I work 8 hours per business day, 40 hours a week (very few clients say 35 hours a week to account for lunch)
  • When I don’t work, my income is $0 and my expenses eat away at my savings, feast versus famine, you know…

TOTAL GROSS INCOME = $1,048,040.27

Wow! I cracked the million-dollar gross earnings threshhold. Nice. At least I hit a milestone somewhere….

If we consider my net worth is $631,367.18 now, it means I saved about least 60.24% of my gross income, not to mention having eliminated $60,000 of debt (net) in 18 months with my budgeting tool.

Taking into account my debt, I have a savings ratio of 65.97% then.

TOTAL OF ACTUAL DAYS WORKED = 1684 out of 3024 days in total

In total, over my entire career (about 3024 working days) this is how much I have worked at my day job.

I have fully counted my employee years and only my actual freelancer days.


Basically any day I had to work in some capacity for money, counts.

Any day I was not on a contract, does not.

Approximately 6.68 years, for a rate of about 55.69% of actual working….

Okay, so we’re still hovering around my average of only having worked half of my life…

 

INCOME EARNED OVER THE YEARS

I obviously like to work and then chill out for at least a year afterwards.

My partner was joking the other night (LITERALLY LAST NIGHT), that it was about time for me to quit my job and take a break.

He wasn’t sure if I could handle actually working a full year straight on something and not taking at least another year off to compensate. He said it was about time around now that I get really frustrated with having to go to an office daily, and I usually, USUALLY take a break pretty soon for the equivalent amount of time I worked.

I told him I did work for one full year !! A few years back, and he said: Well. You were really getting tired at the end, I knew it wouldn’t last. 😛

LOL…

I feel like I’m semi-retired, which is the better way to describe my working life.

I think I prefer this kind of lifestyle. I have lower (relative) stress, and the only stress I get now is mostly from Little Bun, but that time will pass eventually and I will miss it probably.

I’d rather work less and then just live off the money.. work some more.. then live.

You know, chill. Take it easy. I still have 30+ years left to work.

MY TRUE AVERAGE SALARY = $86,643.54

If we just look at actual days worked, my average salary per day over the years of employee and freelancer combined is $696.08 a day, or about $172,603.03 if I ONLY count the days I worked.

But as I don’t work the full year often, my average salary is really closer to $86,643.54 because you have to count in bench time where I work at $0 a day.

So now if we look at that versus my net worth of $631,367.18…

I have more than 7X my salary saved.

Of course, some of it is in my new car now, but *shrug*… take away $100,000 and I still have 6X my salary saved.

That’s not too bad. I suppose if I wanted a stretch goal I’d make it something like $176,000 as my salary benchmark, but I’m going to take the easy win here and not look too hard at this or overthink it.

All I know, is that I have a lot of money saved, I am on track financially, I am happy, I am healthy, I have a wonderful family and a good work-life balance. I feel like not many people can say this, and I’m very privileged to be able to.

This is how I invest, what I use to track my investments, how I budget my money, and how I make some extra money off my side hustle (this blog but this is more of a hobby for me that happens to make money…)

Share Tweet Pin It +1

Sherry of Save. Spend. Splurge.

Am my own Sugar Daddy. Am a millionaire at 36 after getting out of $60K of student debt in 18 months, a little over a decade earlier, using TheBudgetingTool.com. I have worked 50% of my career (taking 1-2 year breaks), and quadrupled my income within 2 years of graduating, going from $65K to $260K with an average lifetime savings rate of 50%. I have 11 side incomes that are on track in 2020 to make me $50K - $75K. I could retire today if I wanted, but love my work-life balance as a freelancing consultant in STEM (Science, Technology, Engineering, Math). I am all about balance - between time and money, and also enjoying my money. I also post daily on Instagram @saverspender.

You may also like

Previous PostHow and when do you shop for clothes?
Next PostWhat I read and watched: Up until the end of February 2018

2 Comments

  1. GYM

    I’m curious, do you want to continue working for 30+ years, even after your each your investment nest egg target? (I think it was $1 million investable assets right?). I guess 30+ years is not bad if you take alternate years off. I am pretty sure I don’t want to work for 30 years though lol! Even 10 more years I don’t know if I can do!

    Reply
    1. Sherry of Save. Spend. Splurge.

      Honestly, I have no clue. I think I have to work (for now) at least 15 more years, but do I want to work 30+? .. No idea.

      For now, I love my job, I like going to work, getting out, talking to people, using my brain, doing stuff and banking $$$$… 🙂

      Reply

Leave a Reply

In a nutshell…

Save. Spend. Splurge.
[ wealth. style. minimalism. ]

——

MOST DEBT: cleared $60K in 18 months

MONEY: Hit $1M personal net worth At 36

NEW GOAL: $1M in invested assets

FAVOURITE DAY: payday

HATES: being late & lazy people

SOCIAL: Instagram @saverspender

DRINKS: homemade matcha lattes

SLEEPS: on a 100% cotton U.S.-made futon

WRITES: Books (also available on Amazon).

BEAUTY: swears by Paula’s Choice

——

…but you can read more about me , browse my index of posts, or get in touch with me, talk to me directly on Instagram, and of course, ask me anything here.

$35 The Wealth Building Tool

Like a Boss Library (Sherry’s Books)

Referral Codes

Free Money Surveys
[ Use this link ]



Webhosting
[ saverspender ]



Shopping Cashback
[ Use this link ]



Clothing Resale


[ SHERRYISH ]



Private Lending
[ 7b03f0 ]



No-Fee Banking
[ 32726976S1 ]



Discount Brokerage
[ o0soehds ]



Social media scheduler
[ saverspender ]



Blog Ad Network
[ Use this link ]



Disclosure

Save. Spend. Splurge. uses affiliate links from Shopstyle, and Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com or ShopStyle. In addition to these, any referrals on the page will result in revenue if used such as BlueHost.

In English: If you click on a link, I could get a small commission, typically a few cents. And if you use a referral code, I could get anywhere from $10 – $70 for it. Thank you for your kind support!

Also, I am not a professional investment advisor or money manager by any means.

I am just a woman who loves money, talking about money, and making money.

All opinions expressed on this blog are personal and for entertainment value. Take them with a grain of salt and always consult a professional when in doubt.