If you want to get into some FUN electronic repair that pays BIG MONEY go to college and learn to be a Biomed Technician. This guys make $50,000. per year repairing hospital equipment and you get to work with a lot of young attractive unmarried nurses in hospitals. Southern Illinois University at Carbondale Illinois has an excellent Biomed Technology Program.
https://www.youtube.com/watch?v=iyFcUJvVKMg&feature=related
You can live in a tent and ride your bicycle around in the rain today if you are paid only 50 grand per year. I DONT DOO DAT!
Yeah. Whatever. To each his own. Most of my friends would give their left nut to be making what I do. They are mostly regular people working regular jobs although there are a few attorneys, physicians, and university professors thrown in. The ones working retail, manufacturing, and farm jobs live on $20K.
Are you aware that fixing milking machine controllers can pay as much as $600/day? $200 a pop when you turn them around in a day with the manufacturer demanding $450 for a refurb that takes a week. Dairy farmers do not like down time any more than industrial facilities.
My house will be paid off in 8 years. It's in a neighborhood that's repeatedly rated as one of the safest in the country. I've been saving 10-12% of what I make for decades and investing prudently. And, by the way, I live at the end of the second rainbow, less than 2 miles from idyllic hiking and biking, and my yard is a NWF certified backyard wildlife habitat.
$50K a year can be quite a nice life. The only smell I have to deal with is the manure from the farms that surround me. I suspect that's a bit healthier than diesel fumes.
All I'm saying is the value of $50K depends an awful lot on where you live and what your priorities are.
Cachehiker mentions in part:
This is something I absolutely agree with. For example I live in the Cleveland, Ohio USA suburbs. A single person or married couple can live well enough here with an average income of 50K annually. Not great but fine for all intensive purposes. That same 50K would have the same couple eating beanies and weenies and living in a shanty in NYC about 500 miles due east.
Something else to consider is taxes. The fact that a person may be earning 50 K annually or any salary for that matter says nothing for "Disposable Income" meaning what a pay check actually is following taxes and paycheck deductions before ever seeing the net. There is the gross and the net and you sure as hell can't spend the gross.
Salaries can vary considerably across the US or Canada for that matter. It all comes down to the cost of living against the salary.
Just My Take
Perfectly true - I'd love to earn as much as 50K, even American dollars.
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