- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Just got a 15,000 dollar raise but no life style change, WWYD?
Posted on 12/7/12 at 6:21 am
Posted on 12/7/12 at 6:21 am
I know I will see a higher tax bracket, but what would you do with an extra grand a month beside hookers and blow? Serious question.
12
Posted on 12/7/12 at 6:51 am to Shalimar Sid
invest it brother. it's amazing what seemingly small sums of money turn into over a 20-25 year period. congrats on the raise 
ETA: i know my answer gave no specifics. sorry, i don't know enough to give you a well-informed answer.
but again, congrats on the raise
ETA: i know my answer gave no specifics. sorry, i don't know enough to give you a well-informed answer.
but again, congrats on the raiseThis post was edited on 12/7/12 at 7:09 am
Posted on 12/7/12 at 7:13 am to Shalimar Sid
all on black
Posted on 12/7/12 at 7:33 am to Shalimar Sid
Once I'm done with the hookers and blow I'd probably have enough left over for a nice hat. A newsboy, maybe?
Seriously though, its a buyer's market for vacation homes. Something that could stay in your family for generations. And you could always rationalize it as being important for entertaining clients and general networking.
Seriously though, its a buyer's market for vacation homes. Something that could stay in your family for generations. And you could always rationalize it as being important for entertaining clients and general networking.
Posted on 12/7/12 at 7:38 am to Shalimar Sid
After the hookers and blow, short duration high yield bonds, with some. Then like someone else said possibly a camp, if you like to fish and hunt.
Posted on 12/7/12 at 8:08 am to Shalimar Sid
quote:
Just got a 15,000 dollar raise and I want to brag about it.
Max out your company and personal retirement accounts, pay off CC's, vehicles, misc. After that just put it in a taxable account I guess.
Posted on 12/7/12 at 8:19 am to Shalimar Sid
It's funny because $15k always feels like such a big bump but the tax man will rock you world and it is always a downer how little of a raise we actually get to keep.
If you don't feel like trying to learn the intricacies of the stock market, in order I would:
1) pay down credit card debt if applicable
2) save up a nest egg/ emergency fund. 6 months of total living expenses is a good start.
3) pay down tax-deductible interest debt (student loans/home loans)
4) invest whatever you don't want to use for #3 in an index fund (S&P 500 etc). Research for one with low fees. Index funds typically have a good long-run return and you can sleep on it and not watch the market daily like the rest of us schmucks.
If you don't feel like trying to learn the intricacies of the stock market, in order I would:
1) pay down credit card debt if applicable
2) save up a nest egg/ emergency fund. 6 months of total living expenses is a good start.
3) pay down tax-deductible interest debt (student loans/home loans)
4) invest whatever you don't want to use for #3 in an index fund (S&P 500 etc). Research for one with low fees. Index funds typically have a good long-run return and you can sleep on it and not watch the market daily like the rest of us schmucks.
Posted on 12/7/12 at 8:56 am to Shalimar Sid
quote:
Just got a 15,000 dollar raise but no life style change, WWYD?
If you have little to no debt, make sure you are maximizing your 401(k) and setting up an additional ROTH 401(k) or IRA.
Posted on 12/7/12 at 9:05 am to Shalimar Sid
Set it aside for your new taxes. Congrats!
Posted on 12/7/12 at 9:34 am to Shalimar Sid
Put it into an account called "Sperm Mistakes"
Posted on 12/7/12 at 9:41 am to shinerfan
Ok. What awesome vacation home are you buying for 1 k a month? Sharlo apartments as a football tailgate?
Posted on 12/7/12 at 9:42 am to Pierre
Pay taxes and debt. Congrats
Posted on 12/7/12 at 9:54 am to Pierre
quote:
Ok. What awesome vacation home are you buying for 1 k a month?
Awesome is your word but there are nice lake houses all across the south going for well under $200,000 right now.
Posted on 12/7/12 at 10:15 am to shinerfan
Upkeep, property taxes, insurance ect... 15 k won't cut it.
Posted on 12/7/12 at 10:23 am to Pierre
Vacation Homes and Camps = Life style changes.
Posted on 12/7/12 at 10:52 am to Shalimar Sid
Pile cash.
Success in business is where opportunity and liquidity collide.
Success in business is where opportunity and liquidity collide.
Posted on 12/8/12 at 12:07 pm to shinerfan
quote:
Seriously though, its a buyer's market for vacation homes. Something that could stay in your family for generations. And you could always rationalize it as being important for entertaining clients and general networking.
I thought I was on the OT for a second
Posted on 12/8/12 at 11:07 pm to Shalimar Sid
1. Hookers and Blow. Not even joking. Whatever your vice is go indulge and get it out of your system.
2. Now that you've gotten that out of your system get serious about investing.
2. Now that you've gotten that out of your system get serious about investing.
Posted on 12/24/12 at 2:22 pm to Shalimar Sid
It'll go quicker than you think...just build up a higher 'emergency' account.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News