915 the unofficial income guide: what mmm listeners actually earn

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money money money 37 min 3 speakers 8 chapters transcribed 5 months ago
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What sparked the income survey discussion?

Glen James 0:06
The unofficial income guide. At the start of the year, there was a bit of chatter in our Facebook group. And if you want to join the Facebook group, Money, Money, Money podcast, just put, I heard Glenn on the podcast talking about the unofficial income guide. So we know that you're not a spam account. At the start of the year, there was a heap of anonymous posts when nicknames were a thing in our group. And the anonymous posts were like, we've got a household income of 400 grand or a household income of 200 or I'm on 180 grand and I'm 22 years old and all this like wild stuff. And a heap of people were like messaging me on Instagram, even commenting in the group like, hey – are these spam accounts?
Glen James 0:56
And I'm like, no, literally, I can hover over the nickname and see that it's a real person. And I kind of had known from previous survey data that our money podcast does have a bit of a shtick and a tilt to those who are more dialed in with their money, a lot of younger women, professional, earning great money. And I think you kind of For whatever reason, our show has attracted that type of person and listener, and I think it's awesome. So what I wanted to do based on that was, well, let's do an unofficial survey. Let's actually ask people how much they're earning and just get some real numbers so everyone can get pervy and have a look. So what we did, we asked everyone what their total annual earnings were, including superannuation, including regular bonuses, to get an unofficial real-world income guide so people could download.
Glen James 1:59
And in the e-book that you can download, we'll put a link in the show notes, you'll be able to see that – At the last page, you can click download. You can download the CSV data. There's no names on it. It's literally all the questions we asked, and you can have a look for yourself. You could filter it by no uni qualification, filter that in Excel, and just go through and see the incomes and knock yourself out. You could make your own charts and have a big party. So, This is the unofficial income guide of listeners of the Money, Money, Money podcast. Today on the show, I am joined by Emily Bowen. Emily, welcome back.
Emily Bowen 2:43
Thank you, Glenn.
Glen James 2:44
Look, you haven't been on the show for a long time. You are general manager at Boldside. You are a HR consultant. You're a recruitment operative. You're a work podcaster, you're a mother, you're a daughter, you're a sister.
Emily Bowen 3:04
I'm a woman of many talents.
Glen James 3:05
You are it and you are back and people would have known you from the This Is Work podcast. So thank you for coming back and just unpacking this data with me.
Emily Bowen 3:17
Yeah, this was a cool read. Interesting.
Glen James 3:19
Yeah. And I think what I want to do is set the episode up and we'll do it right now. Okay, so this episode I think this is just us chatting about it in real time.
Emily Bowen 3:37
Yeah, let's do that.
Glen James 3:38
So if you are new to the podcast, it might not be the episode for you because this is going to be for really those who have listened to the podcast for a long time, who are in the Facebook group, who filled out the survey themselves. And we're just going to, you know, shoot the breeze on this data. And as I said, there is a link in the show notes if you want to download it. Before we do look at some of the data and we'll put some stuff on the screen, I just wanted to say that I'm not an actuary, a statistician, a researcher. I didn't commission an external party to – help this. We didn't do a randomized freaking population sample. This is worth nothing unless you listen to the podcast.
Emily Bowen 4:29
Yeah. Yeah. And you're a bit pervy, as you said earlier.
Glen James 4:31
Yeah. Like it's good.
Emily Bowen 4:32
It's interesting.
Glen James 4:33
It's interesting. And the breakdown of people who took the survey, well, we know that more than three quarters were under 40. So, well, I'll say three quarters, 75, 76% were under 40 years old.

How do age, location, and industry impact income?

Glen James 4:46
So, it's askew to that. Strongest in New South Wales, Victoria and Queensland. And that's pretty, if we look at our podcast listener data, most people are in Brisbane, Sydney, Melbourne.
Emily Bowen 5:00
Yep.
Glen James 5:00
That's why I've never done an event in Darwin.

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