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  #41  
Old 26.02.2014, 23:45
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Re: Do you ever think that you get paid too much?

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As cheap as that I know someone with a 1 bedroom flat in Mongolia selling it for USD 10M
Not really, a huge amount of very grotty London property sells over a 700,000.
Once you go to a nice area or really Central London, you will pay vastly more.

Edit Just had a look, a nice 2 bed flat in a good area will be about 2,000,000 or 3,000,000 CHF

According to this report the highest priced property is Monaco followed by Hong Kong, followed by London. Geneva being substantially cheaper than London. http://www.wealthx.com/articles/2013...state-markets/

Last edited by fatmanfilms; 27.02.2014 at 00:01.
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  #42  
Old 23.01.2015, 16:22
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Re: Do you ever think that you get paid too much?

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There is a distortion caused by the economic climate.


If you were paid 120K CHF six years ago then that would have been the equivalent of 50K because the exchange rate was 2.4


Today, 120k CHF seems to be 80K because the exchange rate is 1.5


The only thing that has changed is the exchange rate. Salary and cost of living in Switzerland is still the same.
and now 120k is around 90k at 1.3
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  #43  
Old 23.01.2015, 16:31
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Re: Do you ever think that you get paid too much?

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and now 120k is around 90k at 1.3
Have you adjusted for tax differences and cost of living?
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  #44  
Old 23.01.2015, 17:34
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Re: Do you ever think that you get paid too much?

No, I never think that... in fact considering how expensive everything is, I always think that I don't get paid enough. In general, money is a tricky thing because you always spend what you make, at least most people have this tendency.
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  #45  
Old 23.01.2015, 17:37
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Re: Do you ever think that you get paid too much?

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At what limit would you say, "OK, I have enough money now. I'm going to quit and retire?"
Retire in CH or retire in a lower cost country?

I certianly don't consider working until I drop an attractive proposition and by a combination of saving up and investing wisely I'm hoping I can bring my retirement date forward some years.
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  #46  
Old 23.01.2015, 20:02
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Re: Do you ever think that you get paid too much?

I was always satisfied as long as I could pay my bills and live a comfortable life. Not overpaid neither underpaid.

However, in the last year, while my salary has increased a certain %, my responsibilities and the stress associated with the job have increased a multiple of that %. I love what I do but, although still at the embryo level, it's starting to negatively impact my quality of life.

So I am considering either getting more money, or cutting back on the stress i.e. doing a more regular, 9-5 type, lower stress job. Heck, I am getting too old for flying 24 hours for a 2-day business meeting, then turn around and fly straight back...*

*...like I am doing this coming week...
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  #47  
Old 23.01.2015, 20:29
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Re: Do you ever think that you get paid too much?

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In general, money is a tricky thing because you always spend what you make, at least most people have this tendency.
It seems like you have been hanging with the wrong crowd! No doubt your Swiss friends will get you back on the straight and narrow line
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