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Servedinafghanistan 
New Orleans Saints Fan
FWB, FL
Member since Feb 2005
6364 posts
| Just got a 15,000 dollar raise but no life style change, WWYD? (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.
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Geaux Smoke 
LSU Fan
Aspen, California
Member since Aug 2010
1977 posts
| re: Just got a 15,000 dollar raise but no life style change, WWYD? (Posted on 12/7/12 at 6:51 am to Servedinafghanistan)
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
This post was edited on 12/7 at 7:09 am
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rmc
LSU Fan
Zachary, LA
Member since Sep 2004
21136 posts
 Online
| re: Just got a 15,000 dollar raise but no life style change, WWYD? (Posted on 12/7/12 at 7:13 am to Servedinafghanistan)
all on black
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shinerfan
LSU Fan
Duckworld(Earth-616)
Member since Sep 2009
4740 posts
| re: Just got a 15,000 dollar raise but no life style change, WWYD? (Posted on 12/7/12 at 7:33 am to Servedinafghanistan)
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.
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Ranger198
LSU Fan
Member since Oct 2012
248 posts
| re: Just got a 15,000 dollar raise but no life style change, WWYD? (Posted on 12/7/12 at 7:38 am to Servedinafghanistan)
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.
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Cold Pizza 
Ohio State Fan
Member since Sep 2011
7639 posts
| re: Just got a 15,000 dollar raise but no life style change, WWYD? (Posted on 12/7/12 at 8:08 am to Servedinafghanistan)
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.
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Crbello4Hiceman
LSU Fan
Lurking
Member since May 2011
373 posts
| re: Just got a 15,000 dollar raise but no life style change, WWYD? (Posted on 12/7/12 at 8:19 am to Servedinafghanistan)
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.
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Will Cover 
Nebraska Fan
Colorado
Member since Mar 2007
22450 posts
| re: Just got a 15,000 dollar raise but no life style change, WWYD? (Posted on 12/7/12 at 8:56 am to Servedinafghanistan)
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.
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Meauxjeaux 
Memphis Fan
I have 91k posts with all my alters
Member since Jun 2005
12981 posts
Online
| re: Just got a 15,000 dollar raise but no life style change, WWYD? (Posted on 12/7/12 at 9:05 am to Servedinafghanistan)
Set it aside for your new taxes. Congrats!
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Chad504boy
New Orleans Saints Fan
Five Oh Four
Member since Feb 2005
64692 posts
| re: Just got a 15,000 dollar raise but no life style change, WWYD? (Posted on 12/7/12 at 9:34 am to Servedinafghanistan)
Put it into an account called "Sperm Mistakes"
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Pierre
LSU Fan
Baton Rouge
Member since Nov 2005
3792 posts
| re: Just got a 15,000 dollar raise but no life style change, WWYD? (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?
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Pierre
LSU Fan
Baton Rouge
Member since Nov 2005
3792 posts
| re: Just got a 15,000 dollar raise but no life style change, WWYD? (Posted on 12/7/12 at 9:42 am to Pierre)
Pay taxes and debt. Congrats
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shinerfan
LSU Fan
Duckworld(Earth-616)
Member since Sep 2009
4740 posts
| re: Just got a 15,000 dollar raise but no life style change, WWYD? (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.
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Pierre
LSU Fan
Baton Rouge
Member since Nov 2005
3792 posts
| re: Just got a 15,000 dollar raise but no life style change, WWYD? (Posted on 12/7/12 at 10:15 am to shinerfan)
Upkeep, property taxes, insurance ect... 15 k won't cut it.
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jmtigers 
Southern Miss Fan
1826.71 miles from USC
Member since Sep 2003
3210 posts
| re: Just got a 15,000 dollar raise but no life style change, WWYD? (Posted on 12/7/12 at 10:23 am to Pierre)
Vacation Homes and Camps = Life style changes.
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TheHiddenFlask 
Clemson Fan
The Welsh red light district
Member since Jul 2008
16382 posts
Online
| re: Just got a 15,000 dollar raise but no life style change, WWYD? (Posted on 12/7/12 at 10:52 am to Servedinafghanistan)
Pile cash.
Success in business is where opportunity and liquidity collide.
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bryso
Clemson Fan
The Real Death Valley
Member since Dec 2006
26768 posts
| re: Just got a 15,000 dollar raise but no life style change, WWYD? (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
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jmarto1
LSU Fan
Houma, LA
Member since Mar 2008
10034 posts
| re: Just got a 15,000 dollar raise but no life style change, WWYD? (Posted on 12/8/12 at 11:07 pm to Servedinafghanistan)
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.
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BallyHOO
Belmont Fan
Member since Oct 2005
6565 posts
| re: Just got a 15,000 dollar raise but no life style change, WWYD? (Posted on 12/24/12 at 2:22 pm to Servedinafghanistan)
It'll go quicker than you think...just build up a higher 'emergency' account.
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