Jun 102013
 

Time again to learn about you, the readers πŸ˜€ Earlier this year I put up a poll on freedom 35 blog to find out what you all did for a living.Β Thanks to everyone who votedΒ (^_^) Here are the results below.

13_04_job_survey, occupation

Most of you are in high paying sectors of the economy. That’s great to see πŸ˜€ There are more technical and professional specialists than any other single occupation. 10% of readers are in the same profession as myself (arts and media.) Only one reader voted for the sales/retail category. Overall it appears that the occupations of people reading this blog matches the income that they’re making in the previous poll,Β about income.

I think readers in the two highest categories (financials and professional/tech) are over represented as visitors to personal finance blogs because they work hard and sacrifice more to earn a better living so money is probably important to them. I also like money πŸ™‚ but I’m not cut out to work in an industry that requires more than 45 hours of work per week πŸ˜› I’ve tried to be a workaholic before but I just burned out and didn’t like the high stress environment I was in. But everyone’s different. I know a fellow blogger who works at Amazon.com not too far from Vancouver. She’s only in her twenties but makes over $10,000 a month and receives bonuses multiple times a year which not everyone who works at the company gets πŸ˜€ Working hard as an engineer for one of the most competitive software giants in the world seems to fit her lifestyle, but it’s not for me πŸ™‚ She has a higher net worth than I do, but the important thing to realize is that she’s also exceptionally talented at managing her own finances πŸ˜‰ and that’s ultimately how long term wealth can be created and sustained.

I think the take away is if you want to be rich, push yourself to get a computer science degree or excel in one of those other top occupations like health care for example, but if you don’t like to work hard then at least continue reading financial websites out there because if high income earners who care about their money are gravitating towards those kinds of sites for information then perhaps we can all learn something from them πŸ™‚ Knowledge is power (^_^)

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Random Useless Fact:Β Wise words from Jake.

13_06_quote_jake_sucking, jake, occupation

Feb 122013
 

Time to learn about each other πŸ˜€ Late last year I put up a poll on the site to survey how much total income people make. Thanks to everyone who voted (^_^) Here are the results below.

reader's total income

This means over half of you make more than $80,000 a year! The median income for the group is somewhere in the high 5 digits range.Β  And the mode income (choice that appears most often)Β  is over $100,000. Wow, I’m pleasantly surprised at how financially well off most of you are πŸ˜€Β This blog has visitors are from all over the world but most of you are from Canada so just for fun, here’s how much the typical Canadian made in 2010.Β  income statscan poll resultsHuge difference! Only 27% of the general population made over $50,000 a year, meanwhile a whopping 76% of my wonderful readers are making over $50,000. Nice job ladies and gents :0) Using the information we’ve looked at so far we can put together a comparison chart like the one below.income poll compare reader's total incomeAs mentioned earlier, most of you make more than $80K a year. Since my own total income isn’t even close to $80K yet what this poll reveals is that most of my readers are apparently making more than I am, haha. That’s quite a humbling realization. It means you guys probably have a better understanding of how to become rich than I do because so many of you are already living the good lifeΒ  πŸ˜‰ The people who took the poll probably also comments on this blog. So read the comments and you’ll probably learn a lot from them :0)

total incomeThere are many successful and intelligent individuals who come here and have interesting things to say. For example Phil from Ontario who retired early and is quite well read would sometimes comment and offer book suggestions for further reading on a specific topic. Mrs. PoP from Florida has an impressive net worth and sometimes offer good advice about real estate investments. I’ve personally learned a lot by simply reading other people’s comments, and so can you πŸ˜€ I don’t have all the answers to life’s financial problems or the best investment ideas, but thanks to all the great commentators who took the time to give their opinions I’m sure we can have some interesting discussions ^_^ I normally don’t censor anything unless it’s spam.

Limitations and improvement ideas:
-The income spectrum I used was too narrow >_< In future polls it would be more helpful to include higher income ranges such as $100,000 to $150,000 and $150,000 to $250,000.
-I forgot to mention “personal” in the poll. I was only looking for individual incomes, not for family or households. This was not very clear so next time I will be more specific with my question.