On... Income Benchmark 2025
Last year, I hit my first 6 digit growth. In my business, I assume portfolio growth as salary/income. There's no reason to believe that I will continue to get those returns but I am hopeful.
So where do I stand with such returns? I made a quick check on Grok. And of course, we know that data that comes out of AI is far from perfect but for a quick and dirty comparison, I feel that it is adequate. I asked Grok to estimate the salary and/or income for the following (assuming 10 years experience in the field):- Doctor, Dentist, Lawyer, Geologist, Massage Business, Cafe Business and a Food truck Business. Refer to the chart below for the estimation (Mine in Orange).
As you can see, I stand somewhere in the middle of the pack with almost 7 years of investing (started in 2018). When I finally complete 10 years of investing, will I move further up the pack? I would think that it is possible, putting on my optimistic hat. It would be nice to repeat this exercise when I have completed my 10th year.
Am I happy sitting in this range? Definitely! Although I know my returns are not great compared to the other punters that you see on X (formerly known as Tweeter).
Now, where in this world or in any other simulation, would I believe that I am inching towards the salary of a doctor. When I was laid off back in 2015, I had few choices. What could I do? Some even suggested for me to pick up a regular job at Coles and climb the ladder. Sure, thats a pretty safe bet. But will that path take me towards a doctors salary? Being paid as a doctor is the Holy Grail and I am inching close. Who would ever have believed that? In fact, my returns were miserable when I started but I think the magic of COMPOUNDING made it possible for me to go this far.
As per last months blog, I think I will get there some day. Lets check back in a few years. Ciao!
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