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re: Feeling broke on a $665K salary

Posted on 1/21/24 at 12:24 pm to
Posted by deltaland
Member since Mar 2011
91000 posts
Posted on 1/21/24 at 12:24 pm to
quote:

This is what happens when you live above your means. With a $500,000 gross family income, you have to be blowing hundreds of thousands of dollars on trips and cars every year to even be in a hole like that. I don’t feel sorry for him one damn bit.


I’m trying to figure out how. That kind of salary you should be able to make your big purchases (house,cars, etc) without financing. So after that bills should be easily manageable
Posted by Crowknowsbest
Member since May 2012
25888 posts
Posted on 1/21/24 at 12:31 pm to
quote:

I’m trying to figure out how. That kind of salary you should be able to make your big purchases (house,cars, etc) without financing. So after that bills should be easily manageable

Private school at $30-40k/kid, multimillion dollar house in an urban area that was financed (doctors often don’t have liquid assets or savings to buy the big house in cash until much later in their careers). Those two eat away that income quickly.
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