- 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
re: Perfect Annual Salary?
Posted on 7/30/13 at 2:53 pm to southernelite
Posted on 7/30/13 at 2:53 pm to southernelite
quote:
She'll be debt free when she graduates, so that's pretty huge
Graduating debt free from law school is more than huge. Thats "get her pregnant ASAP" territory
1
Posted on 7/30/13 at 2:56 pm to TheCaterpillar
quote:
Also, I recommend saving. I know its hard for someone our age, but try. My friends and I party so much and I indulge in nice things so much that I have shite for savings other than my 401k and I'm about to get engaged and its biting me in the arse. I have changed my ways however and have several savings accounts now, just wish I had started sooner.
I have had the most success with automatic deductions from every paycheck. If the money makes it to my checking acct, it is getting spent....
Posted on 7/30/13 at 3:00 pm to TheCaterpillar
quote:
Thats "get her pregnant ASAP" territory
nah, frick that.
Posted on 7/30/13 at 3:01 pm to hiltacular
quote:
I have had the most success with automatic deductions from every paycheck. If the money makes it to my checking acct, it is getting spent....
Thats exactly what I do.
Straight into a 401k and a Roth IRA. Soon I am adding some CDs in an attempt to ladder them for every 3 months.
Whats left on my debit card gets ABUSED
Posted on 7/30/13 at 3:02 pm to TheCaterpillar
quote:
. Soon I am adding some CDs in an attempt to ladder them for every 3 months.
my non-professional advice says you may be better off laddering bonds than CDs.
my also non-professional advice says to start the ladder when Ben takes his foot off the QE pedal.
Posted on 7/30/13 at 3:03 pm to southernelite
quote:
Thats "get her pregnant ASAP" territory
nah, frick that.
Making money has a lot to do with motivation.
Remember in The Dark Knight Rises when Bruce Wayne couldn't reach that ledge in the underground prison because he didn't have proper motivation? He needed to jump without the harness rope around his waste.
Having a kid = jumping without a harness rope
I'm kidding, children are absurdly expensive. We're waiting until we're in our 30s.
Posted on 7/30/13 at 3:04 pm to southernelite
quote:
my non-professional advice says you may be better off laddering bonds than CDs.
my also non-professional advice says to start the ladder when Ben takes his foot off the QE pedal
I've got a friend in finance that gives me advice, I'll bring this up. He hasn't given me his opinion on the CD ladder yet.
Posted on 7/30/13 at 3:05 pm to southernelite
quote:
my also non-professional advice says to start the ladder when Ben takes his foot off the QE pedal.
That's the day I begin to ride out the 15 to 25 percent correction, in bonds and fixed income funds.
Posted on 7/30/13 at 3:07 pm to TheCaterpillar
quote:
I've got a friend in finance that gives me advice, I'll bring this up. He hasn't given me his opinion on the CD ladder yet.
You'd really just essentially be tying up your money and preventing you from spending it.
Rates on CDs are less than 1% right now.
Posted on 7/30/13 at 3:13 pm to southernelite
quote:
You'd really just essentially be tying up your money and preventing you from spending it.
Rates on CDs are less than 1% right now.
Then I might just put it in standard savings until it builds a little so I can do some serious investing.
Posted on 7/30/13 at 3:20 pm to Ace Midnight
quote:
I would make every effort to live off of one salary
This is what I did. It made the decision for my wife to stay home with our child pretty simple. I never have, nor never will depend on her for income. Anything she makes is just a bonus.
Posted on 7/30/13 at 3:21 pm to TheCaterpillar
quote:
Then I might just put it in standard savings until it builds a little so I can do some serious investing.
Maybe get a little built up, and maybe do a mutual fund or an ETF. You don't need all that much to buy in, and you could see some pretty decent returns.
Posted on 7/30/13 at 3:26 pm to Lsut81
It's about 'balance' between what you make, have and want.
So you could make 2 mil a year and spend no time with your family, which eventually leads to your wife leaving you and kids getting messed up
Or you could make 50k a year with a family of 4 and feel poor and not give your children enough opportunities...
I'd say household salary of 300 to 500k (individual 150 to 250) is just the right balance here in the west coast, since you'll have enough time left to enjoy life. Any more than that and you're slaving away at your job, whether its a corporate gig or your own business.
Of course we'd all like to get lucky and make big money, but second best is going the balance route IMO.
Posted on 7/30/13 at 3:34 pm to TigerDen
In north louisiana $100000 is a good amount if your are not up to your eyeballs in debt.
Family of 5 here.
Mortgage-$700
Car-$614
Ins-$240
Bank loan -$258
After school care-$600
House utilities/cell/cable-$700
Student loan $500
Total
About $3500
Wife brings home around $2800 a month and I bring home around $2600.
So we have about $1900 a month for food, gas , and extra.
We both max out our 401K and I plan on starting a Roth at the beginning of the year.
Even if we stay at the same salaries eventually the 2 loans will be gone and basically my wife's income will pay all the house bill excluding food and gas.
Family of 5 here.
Mortgage-$700
Car-$614
Ins-$240
Bank loan -$258
After school care-$600
House utilities/cell/cable-$700
Student loan $500
Total
About $3500
Wife brings home around $2800 a month and I bring home around $2600.
So we have about $1900 a month for food, gas , and extra.
We both max out our 401K and I plan on starting a Roth at the beginning of the year.
Even if we stay at the same salaries eventually the 2 loans will be gone and basically my wife's income will pay all the house bill excluding food and gas.
Posted on 7/30/13 at 3:35 pm to bulldog95
If that mortgage includes escrow, 
to you sir!
to you sir!Posted on 7/30/13 at 3:36 pm to bulldog95
North Louisiana aint normal
Living in a big city (where my company is) is quite a bit more expensive.
700$ for mortgage payment? frick, I wish...
Living in a big city (where my company is) is quite a bit more expensive.
700$ for mortgage payment? frick, I wish...
Posted on 7/30/13 at 3:38 pm to TheCaterpillar
yeah I thought I was doing good with $1200 mortgage in north LA
Posted on 7/30/13 at 3:47 pm to Salmon
Mine $870, if I drop earth quake insurance, a little cheaper.
Posted on 7/30/13 at 3:50 pm to wegotdatwood
quote:
Mine $870, if I drop earth quake insurance, a little cheaper.
I am looking at 250k houses and that is very modest for Nashville. That 30 year mortgage is much higher than yalls.
fml
Posted on 7/30/13 at 3:52 pm to TheCaterpillar
250k is what? $1700?
This post was edited on 7/30/13 at 3:53 pm
Page 13 of 14
Popular
Back to top
Follow TigerDroppings for LSU Football News