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70 k/a salary: alot of money?

rumpleforeskiin

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Sidney's comment reminded me that the former CFO of Amazon was just killed in a bicycling accident in which she was hauling ass down a hill, probably in excess of 45 km per hour (although that is not how speed is measured in California), and a car suddenly turned in front of her.
Just read four articles on her accident. None mentioned her speed. Where do you get this information.

I, unfortunately, get to see the photos of the carnage after these debacles. I have been involved in many death cases, though I have seen more with motorcycles than bicycles, simply because of the speed factor.
Aha!! I'd always suspected that you were an ambulance chaser.
 

rumpleforeskiin

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Don't read very well do you.
No, you're right. I didn't read quite well enough to catch the contradiction, where you say a) it's cheaper to drive and b) you take the Metro when in the city. Perhaps you should have explained that what you mean by Parking Issues was going downtown any time the meters are working.
 

EagerBeaver

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Just read four articles on her accident. None mentioned her speed. Where do you get this information.


Aha!! I'd always suspected that you were an ambulance chaser.

I see the photos because they get sent to me, not because I took them or am there. I have seen many photos in many death cases and in all of them we were assigned the cases. I am not on the same side as the ambulance chasers so you are clearly confused. I am referring to police photos that are sent to me usually months later.

The comments on the articles I read about Joy Covey's accident said the area where the incident occurred was downhill from a mountain, where bikers typically travel fast.
 
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dude79

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Dec 17, 2012
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I know a family of 4 that gets by with that, a single person can live comfortably, your not scraping by.

Do you take into account the tax credits a family of four that a single person would dream of?

What about the money the govt sends when you have kids on a small revenue like 70k. That helps alot!
 

b_cup_lover

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Jan 27, 2006
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Between a rock and a hard place
I suggest you get your eyes examined. I actually use the de Maissoneuve bikepath all the time. It's crowded all the time. It's too crowded during rush hour so I seek alternate routes.

My eyesight is fine thank you!
I said that as a figure of speech, meaning that people use Sherbrooke street more than de Maisonneuve when biking.
You really take everything on the first level do yo?

Again how would you react if I was, say, driving my truck on La Gauchetière St. in Chinatown ( Which is pedestrian ) to avoid traffic on Viger.

So for the sake of too much traffic on your millions injected bike path, you go on and bike on Sherbrooke,............. very fucking clever!:rolleyes:
 

rumpleforeskiin

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I said that as a figure of speech, meaning that people use Sherbrooke street more than de Maisonneuve when biking.
Ah got it. However, your statement is bullshit. When I ride on Sherbrooke, there are very few other bikes. I ride there because the traffic on de Maisonneuve resembles the Decarie Expressway. I'd say that the number of bikes on de Maisonneuve outnumbers those on Sherbrooke by a ration of between 20-30 to 1.

Again how would you react if I was, say, driving my truck on La Gauchetière St. in Chinatown ( Which is pedestrian ) to avoid traffic on Viger.
I'd say a) you were in violation of the law and b) that's one of the stupidest analogies I've ever come across. Sherbrooke is a public by-way, open equally to cars, trucks, motorcycles, busses and bikes; La Gauchetiere in Chinatown is a pedestrian by-way.
 

dude79

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Dec 17, 2012
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Thanks to everyone for their comments.....my field does not pay well relative to experience
and education. I can say that it's an entry level government position. I have friends who
went through the same education with similar level of experience, they get only 10k more than
me at the same organization.

It seems like 70k (that's gross) is not a lot but could be enough to live by if one scraps here
and there.

The other way is to switch profession (get diploma; education)....how much does software engineer
get paid anyways? I have a bit of computer experience (but it's all self taught) and not necessarily
applicable to industry. However, if I can spend a year or two training what's needed in industry, that might be a game changer.

The starting salary of software engineer is around 50k, but goes up really fast when you gain experience and switch employers every 2 years (lololol).

In a few years you can reach the 80k mark... become a senior, or better a contractor and you're looking in the 100k+

But again software engineering is 4 years of university... you can get computer science for 3 years, which IMO is a better investment.
 

Merlot

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Nov 13, 2008
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Gents,

I just think it is dangerous for bikes to be riding on Sherbrooke ...it is very tight for 2 cars that way and too many buses.

It also aggravates me when bikes swerve in and out of traffic and next thing I see is a damn bike on my driver side. Most do not respect traffic rules and as a pedestrian they have almost run me over.

On Ste. Catherine most bikers I see keep flying regardless of traffic, regardless of lights, regardless of pedestrians.

I know Sherbrooke on the north side between St. Laurent and Peel, and further, is a very risky place for bikes. There's very little room, if much of any. Many times bikers have pulled much too far in the right lane for cars to use it safely. When a car tries to turn right it's got to wait for that narrow window between finishing pedestrians and the red light. Bikers rarely respect turn signals and sometimes it becomes almost a deadly adventure when that window comes and bikers don't seem to want to look out for their own safety. On the south side of the street where all the hotels are it's worse. Double parking is frequent around there and now bikers are riding the lane divider markers between lanes while two lanes of cars are having a tough time dealing with one lane passage. I've seen some bikers take a Kamikaze attitude with buses too.

I don't know what bikers are thinking at times like that when they're risking being crippled or killed. Right of way doesn't save your life in a collision.

On Maisonneuve, almost every other street cuts into the bike path. When you're riding to get somewhere (i.e. you're riding fast) that path is super dangerous because there are consistently drivers that don't see you or think they'll outspeed you by the turn. I've had an accident that way.

If I had a bike I'd be worried about riding it downtown unless it's very early and traffic is light. Most Montreal drivers don't know the word courtesy to save their lives. The average driver tends to wait until about a second after the light turns green then charges full tilt regardless of anything until the light turns red or there's something they just can't get by. They don't give other cars a chance to do anything but go straight, so any driver trying to do anything else has to keep a watch out for what other cars are doing, never mind bikes.

Miasonneuve isn't bad in the morning before 10:00. I'm often driving along there just after 9:00 and the light traffic allows me to see everything and make relaxed choices. But at peak hours it gets to be like you're trying to dodge trouble all of the time. The biggest problem on many streets is there's no separate left turn lane like those on Rene Levesque where you can wait your turn safely. It's seize the opportunity when you can and that creates the risks.

The cars must make a stop but they can't see oncoming traffic unless they move up, directly into the bike lane.

I respect staying behind the bike paths while waiting for pedestrians as I try to turn, but when I see the people are about to clear I've got to move closer in anticipation. This is unavoidable. In the early days I remember waiting 3, 4 light changes because I was too far back even though I was first in line and the light would turn red with a few pedestrians still blocking my way. It gets ridiculous in some places.

A Metro pass costs $2.40. Parking, if you can find a spot, costs $3.00 per hour in downtown. Then you pay for gas. Please explain how it's cheaper to drive?

I avoid using my car whenever I can, especially at peak hours. The Metro is fine with me. If I'm lucky enough to have a good hotel location I'll walk. A couple of times I didn't touch the car between arriving and leaving, and before they changed some bus routes I was happy to use them. But even walking I still see too many bikers and drivers both taking a competitive me first attitude. It's not a good biking situation at many times in many places.

good luck,

Merlot
 

PSEfreak

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Feb 3, 2013
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Do you take into account the tax credits a family of four that a single person would dream of?

What about the money the govt sends when you have kids on a small revenue like 70k. That helps alot!

The family tax credit doesn't even come close to covering the expenses the 3 other members that family incur that a single person doesn't have to deal with. A single person on that salary can live comfortably without question. If said single person is a bing drinker, or needs to see 2 SP's weekly then it's another story.
 

Sol Tee Nutz

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Apr 29, 2012
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Look behind you.
My ex-wife earns just under $30,000.00 a year + $500 a month temporary child support and she does very well ( House is paid for ). If a single person can not live well on $70 K a year it is poor money management.
 

HG Hunter

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May 24, 2005
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70k is a good salary. As most have said, money management is important, no matter how much you make.
Remember, living well and within your means requires some thought and planning. Anyone can easily live beyond their means, no matter how much they make.
It sometimes boils down to "What do I need vs what do I want?".
Also, having the flexibility to buy certain non perishable goods when they're on sale and storing them vs buying everything on an as needed basis.
I have a few friends who have far more patience than I, and they are experts at couponing. They manage to save hundreds of dollars but they invest their time to do so. I admire their determination and persistence.
 

Dreamer69

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Jan 18, 2009
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When I came to Mtl. 10 yrs. ago I couldn't even find a 30K a yr. job, I was too old at 50, I had some savings from my house I had sold in the U S,

took me 2 yrs. to find some good investments, now I pay more than 70 K in personal income taxes, to tell the truth I have a hard time making ends meet,

sure I have 5 cars, 3 adult kids & a wife still living at home, have no mortgage to pay but I still have to cut down on my hobby, I'm down to 2 x a week.
 

MtlNewbie

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Jan 24, 2009
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This whole biking thing has gotten off the hook.

I have a car and a monthly metro pass and I'll only take my car during off hours. Traffic is so bad I won't even take buses any more during peak times because they take forever. I just take the metro.

For the car thing requiring private parking: I live in the plateau and my mirror has been broken off twice, both on the side facing the sidewalk and I saw many other broken side mirrors at the same time. I've had my car broken into twice too and someone busted open my glove box and the other time they took stuff like a 12 pack of resse peanut butter cups from my trunk. Also one of the places where it happened I later realized there's always broken glass there. Also the back corners of my car are scratched up from people pulling out and scraping it. This is from less than 3 years having my car here and I have a quebec plate not an alberta plate.
 

Madmanacross

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Jan 8, 2012
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You can be rich with a salary of 50K/Y and be poor with 100K/Y. All depend of your life style and life goal.

You're so right on this; I make over 100k a year...I am single with no kids... Of course, I'm not "poor" by any means, but I couldn't be described as "rich", far from that. I've always been rather "nonchalant" in managing my money. I have a modest bungalow, a modest car, I travel south twice a year and I offer myself fine wines, fine restaurants and the delightful presence of young SP's...Nothing glamourous, but I live a good life... If you're responsible financially, though, you can do fairly well in Montreal with "just" 60k a year. I know people making much less than me who live a wealthier life, because they have a more balanced lifestyle and know where to invest their money.
 

Tommy Hilfinger

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Sep 22, 2009
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Even with $100K you have to be careful. The old adage, take care of the pennies and the dollars will take care of themselves is true. That is not to say that you have to be cheap miser. I buy things that are on special to take advantage of the good prices when available. For example, I have 60 bars of soap, and 6 cans of shaving cream. I buy gas on Mondays and Tuesdays when it is cheaper. I estimate that by spending wisely, I save $3000 - 4000 a year.
 

Madmanacross

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Jan 8, 2012
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Even with $100K you have to be careful. The old adage, take care of the pennies and the dollars will take care of themselves is true. That is not to say that you have to be cheap miser. I buy things that are on special to take advantage of the good prices when available. For example, I have 60 bars of soap, and 6 cans of shaving cream. I buy gas on Mondays and Tuesdays when it is cheaper. I estimate that by spending wisely, I save $3000 - 4000 a year.

Yeah, Costco is great !!:lol:
 

MtlNewbie

Active Member
Jan 24, 2009
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God this thread is semi depressing to me lol. My last office job I was making 39k with 2 weeks vacation and a 20k school loan to pay ($200 to pay off per month regardless). I wasn't rich but I didn't consider myself poor. What I was - VERY frugal with my spending.
I still lived a comfortable life in a nice little semi downtown apartment. I allowed myself certain "treats" and budgeted my entertainment and I actually put money on RSPs. And, I haven't lived at home since I was 17.
When you make more money all you essentially do is SPEND more money. Your 3.5 small apartment turns into a larger apartment with better views and nice stuff, you buy yourself a money expensive tv, your honda becomes an audi, you get bottle service instead of cheap beer at the pubs, buy yourself every new iphone even if your old one works fine.

Personally I don't agree that you can't live a good life with 100k as the guys above you posted but it is really a personal opinion as to what a good life is. I'd say it's depressing that a single guy with 100k salary, even with 40% tax, can't live what he considers to be a "good life" for whatever reason that is.
 

Madmanacross

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Jan 8, 2012
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To have a good life in quebec you need after tax at least 70k,lower than that you have spent you time at home.

Come on, let's be serious here... Only 10% of the population in Canada make more than 70k a year BEFORE Taxes... And 1,5% make more than 150K, which will leave you with more than 70k after taxes and other deductions, in Quebec...Are you saying that we live in a third world country or what ? (Sorry, I'm not being politically correct: third world countries should be referred to as "emerging economies" :lol: ).

If you're wise in managing your money, you can live a more than decent lfe with 60k or less.
 
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