Perfect Annual Salary? | Page 3 | TigerDroppings.com

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GREENHEAD22
LSU Fan
LafayettebywayofBush
Member since Nov 2009
8404 posts

re: Perfect Annual Salary?


1.2











Billion

I think I could make it work.






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ItNeverRains
LSU Fan
Franklin, TN
Member since Oct 2007
6583 posts

re: Perfect Annual Salary?


quote:

100k should easily make you feel comfortable. You can afford a nice house, car and send your kids to private schools. Of course more money would be great but 100K should be enough to live happy


Where I live you couldn't afford land to put a trailer on, & you wouldn't even be making the median salary at 100k. The OP should read "Perfect Annual Salary For Where You Live"

For where I live, $350k -$400k would be perfect. Hell 200k/yr doesn't mean you can disregard budgeting, especially factoring in a rug rat or two, not to mention should you want to retire one day.






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Ace Midnight
LSU Fan
Currently asymptomatic
Member since Dec 2006
31280 posts

re: Perfect Annual Salary?


quote:

Hell 200k/yr doesn't mean you can disregard budgeting


You can never disregard budgeting. People who do not budget can end up in Chapter 7 or 11 with 8 figure incomes.

Fact.



This post was edited on 7/28 at 2:15 pm


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Lsut81
USA Fan
Member since Jun 2005
64952 posts

re: Perfect Annual Salary?


Man, well I'm never going to be MTB comfortable... The dollars being thrown around to be comfortable are way more than I need to live a perfectly happy existence.

Just sayin






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Paul Allen
USA Fan
Baton Rouge, LA
Member since Nov 2007
29361 posts

re: Perfect Annual Salary?


quote:

Man, well I'm never going to be MTB comfortable... The dollars being thrown around to be comfortable are way more than I need to live a perfectly happy existence.


I feel the same way. This board is vindictive and deceitful.






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Ace Midnight
LSU Fan
Currently asymptomatic
Member since Dec 2006
31280 posts

re: Perfect Annual Salary?


quote:

The dollars being thrown around to be comfortable are way more than I need to live a perfectly happy existence.


You'd think that. When I was making $30k, I thought $50k would be all I'd need. Then at $50k, I thought $70k or $80k would do it. I will crack $100k this year - I'm not saying I'm starving - but I'm still not maxed out on savings, I'm still not completely out of debt, and we are on a fairly tight budget. As your income grows your "minimum" lifestyle grows and no amount of "Millionaire Next Door" stuff can completely eliminate that.

The good news is - my kids are grown and the sky is the limit for my final 25 to 30 years of work.






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dewster
Maryland Fan
Member since Aug 2006
9104 posts

re: Perfect Annual Salary?


Your expenses grow as you age.

If I were making the kind of money I make today in 2007, I'd have felt rich.

Then I got married, bought a house, and started putting 16% of my gross into retirement savings......not as much left over as I'd like for clothes or fancy furniture.

Luckily I am satisfied with having the only house in the neighborhood without a pool, rennovated kitchen, or zoysia sodded lawn, and I'm content driving a reliable 7 year old Chevy truck that's well out of style and high on the miles. Ashley furniture and hand me downs are more than okay for now.

It would be so easy falling even deeper into the trap like many my age. I would like to knock out my student loans completely by Christmas 2015 (which should happen). Other than that all I have is a $200 car note for my wife's stripped down Accord and my mortgage.

God help you if you have a child that needs daycare. What some of my co workers are paying is scary. $700-$1000 per month.



This post was edited on 7/31 at 4:44 pm


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Lsut81
USA Fan
Member since Jun 2005
64952 posts

re: Perfect Annual Salary?


quote:

I'm not saying I'm starving - but I'm still not maxed out on savings, I'm still not completely out of debt, and we are on a fairly tight budget.


Maybe that is the reason all of those numbers seem so outrageous to me... The only debt I have is a mortgage and a small student loan.







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Ace Midnight
LSU Fan
Currently asymptomatic
Member since Dec 2006
31280 posts

re: Perfect Annual Salary?


quote:

Maybe that is the reason all of those numbers seem so outrageous to me... The only debt I have is a mortgage and a small student loan.


I'm carrying $8k auto loan, $102k balance on the mortgage and $136k of student loans.

Does that help explain it?






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Lsut81
USA Fan
Member since Jun 2005
64952 posts

re: Perfect Annual Salary?


quote:

$102k balance on the mortgage


Not bad

quote:

$136k of student loans


Well puke on my dick


Couldn't imagine having that much






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offshoretrash
LSU Fan
Farmerville, La
Member since Aug 2008
5373 posts

re: Perfect Annual Salary?


For me now with kids 3 to 400k when kids are gone 200k.





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SmackoverHawg
Arkansas Fan
Member since Oct 2011
13987 posts

re: Perfect Annual Salary?


Depends on how that income is derived. (earned v. capital gains) And if you are saving out of it. Also if you want early retirement. I used to think 500k would do it, but not so. Now that I make a lot more than that, still not satisfied. Problem is that your taste and desires go up with the income. And everybody is different.

I'm gonna say 2 million would be perfect. But, I'd always take MORE!!!

I don't think people realize the bite taxes take outta your arse at this income level. If I coulda kept the 400k or so I paid in taxes last yr, I'd be a hell of a lot happier with my current income.



This post was edited on 7/28 at 3:36 pm


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Zach
LSU Fan
Member since May 2005
64486 posts

re: Perfect Annual Salary?


quote:

Where I live you couldn't afford land to put a trailer on, & you wouldn't even be making the median salary at 100k. The OP should read "Perfect Annual Salary For Where You Live"

Read an article in WSJ last week. Woman sold her condo in NYC. It was 700 sf. One bedroom, one bath. Price ... 900K.






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Bayou Tiger
LSU Fan
The Woodlands, TX
Member since Nov 2003
3269 posts

re: Perfect Annual Salary?


quote:

I feel the same way. This board is vindictive and deceitful.







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tirebiter
LSU Fan
ATL
Member since Oct 2006
5191 posts

re: Perfect Annual Salary?


quote:

Problem is that your taste and desires go up with the income. And everybody is different.


Some of us didn't engage in massive spending creep over the years, guess it is whatever is important to make one happy. I do know that saving/investing early makes a huge difference for early retirement aspirations. Then again, I doubt many in the top 15% of income would be able to ER if they could only do so spending $200-300k a year.

Make $300k, save $125k, it ain't like it's hard.






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SmackoverHawg
Arkansas Fan
Member since Oct 2011
13987 posts

re: Perfect Annual Salary?


quote:

Man, well I'm never going to be MTB comfortable... The dollars being thrown around to be comfortable are way more than I need to live a perfectly happy existence.

Question was perfect salary and not happy. I'd be happy with a lot less. But I want my own King Air with a pilot. I'm happy without one and have everything else I want. Except to be retired. Which I will be in 5 yrs if I don't get my plane.


We were happy and content at 200k. Everything else is gravy.






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EA6B
Navy Fan
TX
Member since Dec 2012
1477 posts

re: Perfect Annual Salary?


It is different for every person, in my current situation I would be fine with as little as 40K, but bring my wife into the picture and I need at least triple that. Most people will find ways to spend more as their income increases, even at 500K a year those that maintain a modest standard of living and bank the rest are probably outliers. I worked at a bank for a short time when I was young, and was surprised to learn that many of the people that had a lot of money coming in, and looked pretty well off had very little in the asset column,and this was in the back when everybody did all their investing an financial activity through the local bank.





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trident
Tennessee Fan
Member since Jul 2007
3381 posts

re: Perfect Annual Salary?


This thread is what is wrong with this country. This is why no one works in the fields and everyone wants white collared jobs. If you can't make it on 2 public school teachers salaries then.... You got to much shite





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SmackoverHawg
Arkansas Fan
Member since Oct 2011
13987 posts

re: Perfect Annual Salary?


quote:

If you can't make it on 2 public school teachers salaries then.... You got to much shite

No. The problem is people won't live within their means. They want all the toys and luxuries, but don't want to earn it. We lived well within our means while in school and every since. I would have even if my income was much lower. I hate debt.






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Zach
LSU Fan
Member since May 2005
64486 posts

re: Perfect Annual Salary?


quote:

It is different for every person, in my current situation I would be fine with as little as 40K, but bring my wife into the picture and I need at least triple that.

This. Women have a compulsion to spend money for no other reason than the joy of buying stuff. My brother, the psychologist, explained it all to me a long time ago.
He said "Consumption is female based. The economy cannot grow without consumption. They buy shite for no reason but it helps the economy."






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