In this post we bare our incomes.
To state the obvious, we are a two income family. Both of us have professional, corporate, desk jobs. One of us work in a large, publicly listed corporation while the other in a small, private firm. We are salaried employees getting yearly pay raises and almost-guaranteed bonuses, though the size of those bonuses vary from year to year, as do the raise percentages.
W’s base salary is $95,506
W got a bonus of $2,785
M’s base salary is $93,359
M’s bonus was $11,422
Our total yearly income is (or would be if we continued our employment till the end of the year) $203,072
Incidentally, this was the first year that W outstripped M in base salary!
That’s it, that is all our income.
Note: Why don’t we consider dividends as income? Fairly simple: All our dividends gets reinvested automatically into buying more shares of that underlying fund/ETF/stock. Dividends, at this stage of our life, are not something we use as cash.
In the near future, say, five months from now, one of our salary is going to increase by 50%. That will be a story for another day!
Note: If it isn’t clear, these are all gross numbers.