Author Topic: What are your soldiers (dollars) paid per hour?  (Read 44435 times)

Turnbull

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Re: What are your soldiers (dollars) paid per hour?
« Reply #150 on: February 17, 2016, 09:00:46 PM »
I'm guessing a bit because I couldn't figure out my dividend income for last year on one 401k website, so I just assumed it made about the same per $1000 invested.  Close enough.

Farm and Rental income are going forward as they came online partway thru the year.   So this is 2016's wages until more soldiers get recruited.

I think I'll have to do a mandatory distribution on my mom's IRA that I inherited.   I'll count that money (less dividends) only if the value of the IRA stays constant or goes up.  Otherwise I'll treat it as using up capital.  I'll find out from my accountant later this year, when I send in my tax info for last year.

I didn't count any real estate or stock appreciation in value because that's just funny money until the stuff is sold.  I can't pay the bills with appreciation.  Rounded for simplicity:

                              Amt      Hourly Wage
Rental 1&2                  9600     5.65
Farm                           20000   11.76
Dividends/Interest   11310     6.65
=========================================      
Total Passive Income   40910   24.06

When Rental #3 goes online this year, that will be another $2.82 / hour raise.  Woot!

I'm hoping to get Rental #4 bought and online by the end of the year for another $2.82 / hour raise.

If you don't mind me asking, what are you doing to get that much passive farm income? Leasing it out for cattle or crops? Hay?

SwordGuy

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Re: What are your soldiers (dollars) paid per hour?
« Reply #151 on: February 17, 2016, 10:23:13 PM »
Farm                           20000   11.76

If you don't mind me asking, what are you doing to get that much passive farm income? Leasing it out for cattle or crops? Hay?

I can't take any credit for this one.  I inherited part of two farms from my mom.  Her siblings own the rest of the farms.   My uncle allows someone else to farm it (they grow rice and soybeans mostly) and the income is my share.

My uncle knows what he's doing and he's been training his son and grandson to take over one day.  They are both pretty darn smart, too, so I'm not worried about the arrangement at all.

Turnbull

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Re: What are your soldiers (dollars) paid per hour?
« Reply #152 on: February 17, 2016, 11:24:24 PM »
Farm                           20000   11.76

If you don't mind me asking, what are you doing to get that much passive farm income? Leasing it out for cattle or crops? Hay?

I can't take any credit for this one.  I inherited part of two farms from my mom.  Her siblings own the rest of the farms.   My uncle allows someone else to farm it (they grow rice and soybeans mostly) and the income is my share.

My uncle knows what he's doing and he's been training his son and grandson to take over one day.  They are both pretty darn smart, too, so I'm not worried about the arrangement at all.

Sounds like a good deal for you!

BarbeRiche

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Re: What are your soldiers (dollars) paid per hour?
« Reply #153 on: February 17, 2016, 11:39:33 PM »


In canadian dollars :(

2,50$ us...!

dontwannaworkforever

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Re: What are your soldiers (dollars) paid per hour?
« Reply #154 on: February 18, 2016, 01:49:38 AM »
$38,000 * 0.04 = $1,520 / 1700 = 0.89 cents an hour

I am 3.8% towards my goal though.
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Ebrat

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Re: What are your soldiers (dollars) paid per hour?
« Reply #155 on: February 18, 2016, 07:10:34 AM »
Right about minimum wage.  Pretty cool!

Al1961

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Re: What are your soldiers (dollars) paid per hour?
« Reply #156 on: February 18, 2016, 08:51:16 AM »
$17.37/hr, based on the standard of 7.25 hrs/day in my last job.
FIREd July 2014

BeanCounter

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Re: What are your soldiers (dollars) paid per hour?
« Reply #157 on: February 18, 2016, 08:54:37 AM »
$11.53 per hour as a full time salaried employee (2080 hours per year)
$14.11 as a true hourly laborer (1700 hours per year)

Would like my soldiers to advance a bit.

Love this exercise, so if they market would hold out I could just do nothing and make $11.53 an hour. Nice!

aceyou

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Re: What are your soldiers (dollars) paid per hour?
« Reply #158 on: February 18, 2016, 08:01:05 PM »

MMM commented in a blog post years back how you get to the point where your investments turn your life into a treadmill that actually propels you forward, rather than pushing you back.  I think this thread does a spot-on job of illustrating why that is so true. 

If you look at my net worth, my soldiers produce 6.16 new soldiers for me every working hour.  With my current pension value included, that becomes 8.64 soldiers. 

As my net worth has recently spiked since being exposed to MMM principals, I'm just starting to feel like I'm getting propelled forward.  This makes sense, considering I now have a person working a full-time minimum wage job for me.  And the worker even gets not one, but two types of raises...the raise my worker earns on it's own even if I stopped saving, plus the bonuses I'm constantly giving it each time I place money into a 403, IRA, pay down mortgage principal, etc.

But the propelling goes beyond the finances.  Your confidence in the future increases, which paradoxically makes it easier to live in the present.  It increases your propensity and ability for generosity, which improves your relationships, which all increases your happiness.  All that seems like a much better use of funds than eating out all the time, television, etc. 

mucchad

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Re: What are your soldiers (dollars) paid per hour?
« Reply #159 on: February 19, 2016, 02:25:17 PM »
Interesting concept. Dont know how much my soldiers earn/hour.
Much of my reading on this forums has revealed how little I know about my financial health.
As I do my taxes I am going to find out this info. Adding this comment, to remind me of this goal.

arebelspy

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Re: What are your soldiers (dollars) paid per hour?
« Reply #160 on: February 19, 2016, 02:34:30 PM »
Interesting concept. Dont know how much my soldiers earn/hour.
Much of my reading on this forums has revealed how little I know about my financial health.
As I do my taxes I am going to find out this info. Adding this comment, to remind me of this goal.

A lot of these metrics are useless, but fun.

I don't think this is something pretty much any of us would have known but for calculating it because of this thread (a rare few who thought of the idea, but it's not like a common metric or anything).    :)
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onlykelsey

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Re: What are your soldiers (dollars) paid per hour?
« Reply #161 on: February 19, 2016, 02:39:51 PM »
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.

Northwestie

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Re: What are your soldiers (dollars) paid per hour?
« Reply #162 on: February 19, 2016, 02:43:22 PM »
$35/hr investments only

Koogie

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Re: What are your soldiers (dollars) paid per hour?
« Reply #163 on: February 24, 2016, 06:23:40 PM »
Apropos....

""Here's how I think of my money - as soldiers - I send them out to war everyday. I want them to take prisoners and come home, so there's more of them.                               Kevin O'Leary""
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onehair

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Re: What are your soldiers (dollars) paid per hour?
« Reply #164 on: February 25, 2016, 12:26:42 PM »
$1.79 per hour....not even mininum wage...lol...but I am noticing it is growing slowly.



Vertical Mode

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Re: What are your soldiers (dollars) paid per hour?
« Reply #165 on: February 25, 2016, 12:49:17 PM »
Hey! This is fun.

+/- $100k * .04 = 4000
4000/1700 = $2.35/hr.
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Roland of Gilead

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Re: What are your soldiers (dollars) paid per hour?
« Reply #166 on: March 01, 2016, 11:04:03 PM »
I sent 10,000 of my soldiers off to defend oil back in 2014 and only 1,000 of them returned.   It is bloody out there.

arebelspy

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Re: What are your soldiers (dollars) paid per hour?
« Reply #167 on: March 02, 2016, 12:47:21 AM »
Make sure you don't gamble their lives away by putting them into extra risky situations!  :)
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BTDretire

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Re: What are your soldiers (dollars) paid per hour?
« Reply #168 on: March 02, 2016, 09:23:02 AM »
I sent 10,000 of my soldiers off to defend oil back in 2014 and only 1,000 of them returned.   It is bloody out there.

 I did almost the same, $10,700, I was up 30% and then watched it drop to about $1,960 today.

 My little soldiers procure almost 6 times that oil loss every year in dividends and interest.
$28.91 an hour. Quite a bit more that I earn at my job.

  EDIT to correct a mental lapse.
 I thought I bought 1000 shares when I really only bought 100.
So, it was $1,070 dropped to $196.
You should have seen my smile when I sold, and found I only lost $800,
and not $8,000.  :-)
« Last Edit: June 04, 2017, 06:57:43 PM by BTDretire »

Check2400

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Re: What are your soldiers (dollars) paid per hour?
« Reply #169 on: May 15, 2017, 10:34:48 AM »
I sent 1000 soldiers on an expeditionary force, leaving behind the strength and solidarity of the Index Funds. 

They've... they've been slaughtered, almost a 50% casualty rate since purchase.  It is a horrible sight to see.

On the other hand, the bulk of my forces are diligently churning out more reinforcements, bracing to weather the storm that will eventually come. 


OneCoolCat

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Re: What are your soldiers (dollars) paid per hour?
« Reply #170 on: May 23, 2017, 02:22:57 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!
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sisto

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Re: What are your soldiers (dollars) paid per hour?
« Reply #171 on: May 23, 2017, 04:10:15 PM »
This was a really fun way to look at it. I'm happy that I currently have 1.5 minimum wage workers and I need 4 to retire. I only used my investment cash in the calculation though and not total NW since I plan to stay in my house when I retire. With my savings rate I should be on track to reach my goal in 6 years.
Glad this came up again so I could compare the numbers. I'm now at 2 minimum wage workers ($15.05/hr). It didn't seem like a very big jump to me, but then I played with the math and it takes $100K to generate $2.35/hr so that means my assets went up ~$175K to achieve that. This is an estimate because I didn't put the exact amount in the original post. MINT is a bit hard sometimes when you have lots of accounts and things get moved around, but it correlates this data pretty closely at saying in that general time frame NW increased by $190K. I do enjoy having various ways to crunch the numbers I think it keeps things exciting and shows you how important it is to keep your eye on the prize.
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MrsWolfeRN

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Re: What are your soldiers (dollars) paid per hour?
« Reply #172 on: May 23, 2017, 04:28:30 PM »
$4/hr. Not counting home equity as part of net worth for this purpose.

Gin1984

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Re: What are your soldiers (dollars) paid per hour?
« Reply #173 on: May 24, 2017, 01:57:02 PM »
I'm up to $2.87/hr. 

BTDretire

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Re: What are your soldiers (dollars) paid per hour?
« Reply #174 on: May 24, 2017, 02:22:43 PM »
$35/hr investments only

Dang Northwestie, you one upped me, I'm just over $32, I didn't include an HSA acount but it's not earning much. I didn't use 4%, I used what I'm actually earning in dividends/interest now. VTSAX is about 2% so that brings things down, but I have some REIT prefereds that bring it up some.
 I'm also older, time brings a larger stache.

EDIT: I noticed I posted in this about a year ago, I see I gained $3 more an hour than a year ago.
On the downside I must have lost some memory cells, I don't remember posting that!
« Last Edit: June 04, 2017, 07:02:13 PM by BTDretire »

Skills Barterer

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Re: What are your soldiers (dollars) paid per hour?
« Reply #175 on: May 24, 2017, 02:47:59 PM »
So I do this, but in a different way.  M-F I play a game called "Who's making more, me or my money?"  Essentially as I am heavily indexed, I take a market ETF as my barometer.  If the market moves above a certain %, my money is working harder, since its daily increase is greater than what I earned at my job that day.  On days when dividends are paid, generally my money is working harder.   

Note, I'm really only considering money in the market as my working money... other assets I don't count (cash, home, etc.)

I love playing this game for those days when I really feel like I busted my ass all day at work, only to find out my money beat me 10 fold! :)

jalich

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Re: What are your soldiers (dollars) paid per hour?
« Reply #176 on: May 24, 2017, 04:50:14 PM »
I'll play.

At 1700 hours, they are making $7.53.

At 2080 hours, they are making $6.15.


10 months ago when I started my journal and actually stared tracking they were making $5.03 (1700) and $4.12 (2080). They have earned a 50% raise :)

BC_Goldman

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Re: What are your soldiers (dollars) paid per hour?
« Reply #177 on: June 04, 2017, 09:11:14 AM »
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.

Zaga

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Re: What are your soldiers (dollars) paid per hour?
« Reply #178 on: June 04, 2017, 09:28:26 AM »
Our invested assets are earning us about $4.89 an hour, and our debts will cost us about $1.72 an hour average over this year (according to my spreadsheet, could be lower if more is paid down on them than I expect right now). 

That nets out to about $3.17 an hour earned by our investments.  We're moving up!
Almost a year later and by the same calculation we have a net $4.25 earned by investments.

Getting closer to a minimum wage employee for 1,700 hours a year!
Three years after the first calculation, we have no interest bearing debt and our soldiers are earning $8.10 an hour.  Very nice!

Eric222

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Re: What are your soldiers (dollars) paid per hour?
« Reply #179 on: June 04, 2017, 12:26:16 PM »
Okay....hmmm...
If I just count my liabilities, I'm going into a headwind of about $8000/year.  $8000/1770 = -$4.50hr.  So my headwind isn't quite minimum wage.
My green soldiers are making $80000/yr*0.04/1770 = +$1.80/hr

Net hourly effect = -$2.70/hour.  That'll change soon enough!
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fredbear

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Re: What are your soldiers (dollars) paid per hour?
« Reply #180 on: June 04, 2017, 02:55:56 PM »
Well, it's a bit difficult to figure what to include and what to exclude, but I come up with about $82/hr, which is quite a bit more than I ever was paid.  But fair's fair.  When particular divisions of my workers do really well, I'll furlough them.   "Guys, over the life of the investment, you've done 18% cash on cash.  For the last year or so, 52% cash on cash, and then a return of 75% over my initial investment.  I'm glad to have you back safe, and I'm giving you the rest of the year off to spend some time with your nickels and pennies.    If you run into any others with your work ethic, have 'em call me, and look for a recruitment bonus."  Idling them can limit a particular year's return, but I am convinced it gives me a more committed workforce measured in the long term. 

Kwill

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Re: What are your soldiers (dollars) paid per hour?
« Reply #181 on: June 04, 2017, 04:51:37 PM »
Having a small stash, I find it less depressing to figure out how many minimum-wage hours my soldier is working for me.

I did that, too. Mine is roughly equivalent to a summer job at this point. But that's something.

Interesting to revisit this thread after some time away from the forum and away from thinking about these things. The little soldier is still just doing a summer job at minimum wage but now with an extra couple weeks.

Cassie

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Re: What are your soldiers (dollars) paid per hour?
« Reply #182 on: June 04, 2017, 05:35:53 PM »
$23.53/hour but we are much older then most on here:))

arebelspy

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Re: What are your soldiers (dollars) paid per hour?
« Reply #183 on: June 16, 2017, 10:48:58 PM »
Just reread the first post, and I still enjoy the idea behind this metric.

My stache is now up to the equivalent of almost 6 people working a full time, minimum wage job for me.  Plus we "work" about 20-30 hours/year at 1k+/hr on the tradeline stuff.

("Work" being in quotes, as it consists of logging into a website and copy/pasting some information for 5-10 minutes at a time about 4-5 times per month.)

I can't decide if making a 6 figure income while working a total of maybe 1 hour per week (52 hours/yr, counting all "work"--tradelines, real estate management, etc., but not counting hobby income, all of which is donated to charity) makes me happy, or sad.

It's ridiculous no matter how you look at it.  Gotta laugh, and cry, at how absurd life is, sometimes.  :)
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Dicey

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Re: What are your soldiers (dollars) paid per hour?
« Reply #184 on: June 17, 2017, 09:15:04 AM »
It's great to see these updates! Significant and impressive progress.
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Vertical Mode

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Re: What are your soldiers (dollars) paid per hour?
« Reply #185 on: July 09, 2017, 03:42:38 PM »
Hey! This is fun.

+/- $100k * .04 = 4000
4000/1700 = $2.35/hr.

Saw this thread pop up, and was curious what this would look like with current math:

$168k * .04 = 6720
6720/1700 = $3.95/hr.

Not even minimum wage! Sorry soldiers, I'll keep working on that.

I like to imagine those little green plastic army men conducting missions in the market on my behalf, sending convoys of cash munitions to the VTSAX arsenal.
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Caoineag

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Re: What are your soldiers (dollars) paid per hour?
« Reply #186 on: September 13, 2017, 02:49:47 PM »
$2.94/ hour liquid portfolio
$5.60/hour networth portfolio

2 person portfolio though.
Still have a ways to go but the progress has been speeding up.

Because I love it when people post updates to these sort of things, anyone else care to update their numbers that they posted in this thread?

$11.17/ hour liquid portfolio

2Birds1Stone

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Re: What are your soldiers (dollars) paid per hour?
« Reply #187 on: September 13, 2017, 03:47:13 PM »
$7.64/hr assuming 1700 hours a year worked, which seems a bit low to me.
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Bateaux

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Re: What are your soldiers (dollars) paid per hour?
« Reply #188 on: September 13, 2017, 09:40:04 PM »
If I'm doing this right. ( 1760K liquid x 0.04 ) ÷ 2080 = $34 an hour

Holy Guacamole!


Changed it to 2080 hours.  I have 6 weeks paid vacation, but, I'm still paid those weeks.  So 2080 hours makes more sense to me. 
« Last Edit: September 14, 2017, 11:58:58 AM by Bateaux »
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Raenia

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Re: What are your soldiers (dollars) paid per hour?
« Reply #189 on: September 14, 2017, 06:04:55 AM »
Using the given calculation, my soldiers are making $3.17/hr - or, a waitress in a crappy restaurant with customers who don't know how to tip.  I gotta get those guys a better job :P

iowajes

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Re: What are your soldiers (dollars) paid per hour?
« Reply #190 on: September 14, 2017, 07:29:38 AM »
I've got two minimum wage workers. Not too bad.

Better than the $0.03 I earn a day from Youtube.

PhrugalPhan

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Re: What are your soldiers (dollars) paid per hour?
« Reply #191 on: September 14, 2017, 08:57:08 AM »
Based on the "Liquid * 0.04 ÷ 1700" calculation, my liquid portfolio soldiers are making me $17.88/hr.

I also have a bunch of soldiers working in a factory with a name of "Pension" on the outside. I don't know how many are in there, and they're working for other people right now, but in six years those guys are supposed to start working for me.  They're currently earning $16.47/hr, but when I retire there should be enough of them to make me $23/hr.

When I look at my GF who is supposed to move in with me after she retires in a year, her soldiers are currently earning $20.47/hr. with an additional mystery batallion working in another factory which will start to pay her $17.64/hr. when she retires.

I look at those numbers and I can't imagine how we will spend money that fast.  Wow.

BeanCounter

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Re: What are your soldiers (dollars) paid per hour?
« Reply #192 on: September 14, 2017, 11:38:45 AM »
I've always used 2,080 working hours in a year. Where I'd 1,700 come from?

solon

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Re: What are your soldiers (dollars) paid per hour?
« Reply #193 on: September 14, 2017, 11:42:17 AM »
I've always used 2,080 working hours in a year. Where I'd 1,700 come from?

I use 2000 hrs/year. I figure I deserve 2 weeks vacation!

Knaak

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Re: What are your soldiers (dollars) paid per hour?
« Reply #194 on: September 14, 2017, 11:46:55 AM »
I've always used 2,080 working hours in a year. Where I'd 1,700 come from?

From the OP:

As of August 2013, the average American works about 1700 hours/year.

Imma

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Re: What are your soldiers (dollars) paid per hour?
« Reply #195 on: September 14, 2017, 01:20:29 PM »
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!

Kwill

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Re: What are your soldiers (dollars) paid per hour?
« Reply #196 on: September 17, 2017, 02:38:12 AM »
I've always used 2,080 working hours in a year. Where I'd 1,700 come from?

I use 2000 hrs/year. I figure I deserve 2 weeks vacation!

Here is one answer from the University of Cambridge <https://www.research-operations.admin.cam.ac.uk/costing-and-pricing-research-proposal/what-full-economic-costing>

Q. What constitutes FTE (Full Time Equivalent)?

7.5 hours  per day

37.5 hours per week

220 days per annum

44 weeks per annum

1,650 hours per annum

madgeylou

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Re: What are your soldiers (dollars) paid per hour?
« Reply #197 on: September 20, 2017, 08:41:12 AM »
I love this exercise! My stash is earning me ~$1/hour at present.

So, I just realized I responded to this thread 3 years 4 months ago -- nowadays my stash is earning me $5 an hour!

Vertical Mode

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Re: What are your soldiers (dollars) paid per hour?
« Reply #198 on: November 08, 2017, 08:35:37 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.
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arebelspy

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Re: What are your soldiers (dollars) paid per hour?
« Reply #199 on: November 09, 2017, 07:31:52 AM »
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. ;)
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