Author Topic: What are your soldiers (dollars) paid per hour?  (Read 62581 times)

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Re: What are your soldiers (dollars) paid per hour?
« Reply #200 on: November 09, 2017, 05:35:19 PM »
Recently read a book about construction methods prior to mechanization...very interesting read, and now every time I see this thread title I imagine myself as a Roman engineer, working to build roads all over the empire so my little green soldiers can march!

Hopefully, they enjoy marching for the $3.74/hr I'm currently paying them.

Unless you're in debt, THEY'RE paying YOU that amount.

Think of them as toll roads, and you can use the money they pay you to build more roads to collect more revenue. ;)

Eh, you're right. I was up past my bedtime :-) Toll roads it is!

aceyou

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Re: What are your soldiers (dollars) paid per hour?
« Reply #201 on: November 09, 2017, 05:56:27 PM »
stache is at $3.88.

Hopefully two years away from my very own full time minimum wage employee!

TheWifeHalf

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Re: What are your soldiers (dollars) paid per hour?
« Reply #202 on: November 10, 2017, 11:07:44 AM »
$43/hr
My husband is working until we see  how this health insurance thing is going to settle down and we know what can be counted on

Check2400

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Re: What are your soldiers (dollars) paid per hour?
« Reply #203 on: September 17, 2018, 02:58:04 PM »
Time to revisit and revive my favorite forum thread.

I choose to use the 7% return since I'm in accumulation phase and am not on a fixed withdrawal rate, so it seems to make more sense. 

At that rate, at 1700 hours a year (they have a good leave policy) my dudes are earning $6.40 an hour, or almost a grand a month.  At 4% it is only $3.65, so I'll take the more fun number until I get closer to cashing in their paychecks. 

My second favorite way of looking at my savings is by looking at how many days a month I've saved up to retire with.  All things being equal right now, I have finally broken through to March! 

Enough

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Re: What are your soldiers (dollars) paid per hour?
« Reply #204 on: September 17, 2018, 03:07:03 PM »
Time to revisit and revive my favorite forum thread.

I choose to use the 7% return since I'm in accumulation phase and am not on a fixed withdrawal rate, so it seems to make more sense. 

At that rate, at 1700 hours a year (they have a good leave policy) my dudes are earning $6.40 an hour, or almost a grand a month.  At 4% it is only $3.65, so I'll take the more fun number until I get closer to cashing in their paychecks. 

My second favorite way of looking at my savings is by looking at how many days a month I've saved up to retire with.  All things being equal right now, I have finally broken through to March! 

Thanks for reviving! I remember thinking it was a cool way of viewing the stash when I first saw this thread from a few years ago - since then I've passed up the 1 worker at minimum wage without even knowing it :)

effigy98

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Re: What are your soldiers (dollars) paid per hour?
« Reply #205 on: September 17, 2018, 03:45:53 PM »
$49 @ 4%.

Kwill

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Re: What are your soldiers (dollars) paid per hour?
« Reply #206 on: September 18, 2018, 01:38:00 AM »
My soldiers took a pay cut this year because I bought my first home. Now they're making $1.62 an hour at 4%, which was just above the minimum wage in 1971. https://www.dol.gov/whd/minwage/chart.htm

2Birds1Stone

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Re: What are your soldiers (dollars) paid per hour?
« Reply #207 on: September 18, 2018, 05:51:55 AM »
$9.88/hr =P

onlykelsey

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Re: What are your soldiers (dollars) paid per hour?
« Reply #208 on: September 18, 2018, 06:51:05 AM »
I love this!

My stache is currently earning a mere $3.05 an hour.  If I include my equity (ie my whole net worth), it almost employs one minimum wage worker ($7.50) an hour.  It's a great way to judge both how much you've saved and what's worth your time in retirement.
I can't remember if I used exactly the method that ARebelSpy recommended but if I did, I've gone from $3.05 to $17.64 in the last 2.5 years.  not bad!

Dicey

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Re: What are your soldiers (dollars) paid per hour?
« Reply #209 on: September 18, 2018, 07:46:44 AM »
I'm too lazy to include pension, rental income, Social Security, EF, potential gains from current flip project, etc. However, I love it when an old thread gets revived, so haphazard math it is. Based on invested assets alone, we're at $26/hr.

Kay-Ell

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Re: What are your soldiers (dollars) paid per hour?
« Reply #210 on: September 18, 2018, 07:53:39 AM »
Using OP's math, I'm up to about $15.88 if you include rental income!  Which is 1.5 minimum wage soldiers in my state.

Imma

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Re: What are your soldiers (dollars) paid per hour?
« Reply #211 on: September 18, 2018, 08:01:16 AM »
Mine are earning about 0,05 an hour ... but by the end of the year, hopefully they'll earn 0,06. And by the end of next year they're supposed to be at 0,10!

We're only at the start of Q4 and my soldiers are already earning 0,10 per hour! By the end of this year I hope they're earning 0,11 and by the end of next year 0,18.

BC_Goldman

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Re: What are your soldiers (dollars) paid per hour?
« Reply #212 on: January 07, 2019, 09:34:00 PM »
Based on the 1700 hours calculation, my retirement account soldiers are making $0.87/hr (as of the end of Q1) which is up from $0.85/hr at the beginning of the year. Personally, I prefer to use 2000 hours since I'm not one for taking unpaid days off of work. Under these calculations, my soldiers earn $0.74/hr.

I expect this to improve by the end of the year as I have finally gotten a job as an accountant instead of being unemployed (but working on my Accounting BS). I'm temp-to-hire but my boss has already said that she's very happy with my work and she's just waiting for the temp contract to run out.

Roughly three years later, I'm up to $2.20/hr based on the 2,000 hour math. That's up from $1.79 at the end of 2016. I've also paid off all non-mortgage debt and build a decent emergency fund. Those original numbers have to be lower than they should be though. I think I may not have been counting a couple of side accounts.
18 months later, I'm up to $3.13/hr. The end of 2018 was rough but the markets will come back at some point. I also beat my 2017 contribution amount!

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Re: What are your soldiers (dollars) paid per hour?
« Reply #213 on: January 08, 2019, 04:35:16 AM »
I did some calculations before opening up the thread.  I'm just looking at dividends on my taxable account right now.  I don't chase dividends but I do like to look at them as a more "constant" way to keep score in a volatile market. 

This thread prompted me to compare my dividends to the US federal poverty level for 2018, I'm at 92% of the Federal poverty level.  They earn $5.37 an hour for a 40 hour work week.  I'm at $21 using the 4% rule.

wbarnett

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Re: What are your soldiers (dollars) paid per hour?
« Reply #214 on: January 08, 2019, 02:55:01 PM »
$49 @ 4%.

That's fantastic. If my soldiers were making that much, I'd be FIRE'd! Mine are making about $3/hr at 4%.

soccerluvof4

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Re: What are your soldiers (dollars) paid per hour?
« Reply #215 on: January 08, 2019, 03:50:12 PM »
$57.64 @ 4%

Brother Esau

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Brother Esau

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Re: What are your soldiers (dollars) paid per hour?
« Reply #217 on: January 08, 2019, 05:11:35 PM »
$22.35/hr @ 4% not including pension and SS. Great post, really puts it into perspective.

Mikila

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Re: What are your soldiers (dollars) paid per hour?
« Reply #218 on: January 09, 2019, 08:14:26 AM »
I'm at $9.70 and every $19,000 saved gives them a .447/hr raise!

It really puts things in perspective.  Lots of people surviving on this much money even here in the U.S. 

aceyou

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Re: What are your soldiers (dollars) paid per hour?
« Reply #219 on: January 09, 2019, 11:53:33 AM »
$6.12 / hour

ooh...I can add a new goal for 2019....will this be the year where my stache eclipses a minimum wage:)  Getting so close!!!

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Re: What are your soldiers (dollars) paid per hour?
« Reply #220 on: January 09, 2019, 03:45:54 PM »
Using the OP's formula, our investments are making $50.15 an hour.

If we include SS (which is an investment, albeit a mandatory one), it goes up to $71.15 an hour.

That's pretty darn awesome.


Imma

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Re: What are your soldiers (dollars) paid per hour?
« Reply #221 on: January 14, 2019, 09:35:40 AM »
Mine are earning about 0,05 an hour ... but by the end of the year, hopefully they'll earn 0,06. And by the end of next year they're supposed to be at 0,10!

We're only at the start of Q4 and my soldiers are already earning 0,10 per hour! By the end of this year I hope they're earning 0,11 and by the end of next year 0,18.

And here we are in the second week of '19 and they're making 0,11! Even after that bad Q4.

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Re: What are your soldiers (dollars) paid per hour?
« Reply #222 on: January 14, 2019, 02:11:46 PM »
Wow, I don't know how I missed this thread before.  This is fantastic.

The line about $320k paying for a full-time minimum-wage workers really hit home.  Why?  Because I remember back in high school learning about the slave trade.  I don't recall what the price was for slaves in the early 1800's, but I calculated how much it would be in 1990's dollars, and it was something close to $250k.  Add on inflation (about 40% since then), and you're not far from the original $320k that arebelspy posted.

auntie_betty

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Re: What are your soldiers (dollars) paid per hour?
« Reply #223 on: January 14, 2019, 02:23:11 PM »
Mine is a bit different as our joint net worth is mainly invested in property.

I worked out the hourly rate a few years ago but deducted mortgages which are now paid off.

4% rule gives an hourly rate of just over 17, which is just over double the UK minimum wage, so I have two little soldiers beavering away for me and the nice government not taking any taxes off them :)

Interestingly, working out our actual hourly rate, it's just over 19, so my little soldiers are doing overtime :). Bless them.

ETA: It appears the average UK worker does 1676 hours a year, so the 4% rate is around 17.40 and actual rate is 19.57. Keep it up guys :)




« Last Edit: January 14, 2019, 02:26:51 PM by auntie_betty »

OneCoolCat

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Re: What are your soldiers (dollars) paid per hour?
« Reply #224 on: January 26, 2019, 02:48:01 PM »
.35 cents an hour!  LOL.  Hey, it's .35 cents more an hour than it was 7 months ago!  Stash size = 15k, which I'm super proud of! 

Up to .90 cents an hour but it feels like im being taxed more than that now, lol.

$1.90 now!

Got a raise and am now earning $2.51 now what was near the minimum wage in 1977!


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Re: What are your soldiers (dollars) paid per hour?
« Reply #225 on: January 26, 2019, 03:22:14 PM »
Using the calculations in the OP, I'm at about $7.02/hr right now.  Should hit that minimum wage level in a few months.

BeautifulDay

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Re: What are your soldiers (dollars) paid per hour?
« Reply #226 on: January 26, 2019, 09:00:05 PM »
$3.17 per hour using the 1700 figure.

I think 2000 (or more) is more accurate. That rate would be $2.70.

I think I can add at least $1 per hour this year.