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re: Feeling broke on a $665K salary
Posted on 1/21/24 at 10:57 am to Will Cover
Posted on 1/21/24 at 10:57 am to Will Cover
$426k take home pay after taxes and you’re “struggling” to pay bills? This is a you problem.
Posted on 1/21/24 at 10:58 am to Oilfieldbiology
quote:
$426k take home pay after taxes and you’re “struggling” to pay bills? This is a you problem.
Wait till his wife of 19 years figures out what she can make on alimony and child support ...
Posted on 1/21/24 at 11:13 am to Oilfieldbiology
quote:
$426k take home pay after taxes and you’re “struggling” to pay bills? This is a you problem
Zero sympathy
Posted on 1/21/24 at 11:29 am to Oilfieldbiology
quote:
$426k take home pay after taxes and you’re “struggling” to pay bills? This is a you problem.
Tom Wolfe described this beautifully in Bonfire of the Vanities about four decades ago. His protagonist was a NYC bond trader making over $900k. He was married with one kid and struggling ($900k was about $2.5 million today). Wolfe went through all of his expenses to show how they had trouble staying ahead - extraordinarily expensive school for the kid, rent for their Park Ave flat, etc.
Posted on 1/21/24 at 10:27 pm to Oilfieldbiology
It is def a personal issue. Some people who did not come from money and then make a living where they have a very high income do not know how to manage the money. I knew someone who had a salary north of $250K a year after taxes and was stressed over money each month. It is because she would shop and have multiple packages from various online stores delivered each month.
That money would flow out as easily as it brought in. High end purses. Shoes. Clothes. Decorations. Just never stopped.
That money would flow out as easily as it brought in. High end purses. Shoes. Clothes. Decorations. Just never stopped.
Posted on 1/22/24 at 1:27 pm to Oilfieldbiology
quote:
$426k take home pay after taxes and you’re “struggling” to pay bills? This is a you problem.
Families who make under $35k think the same about those making $100k.
Most people have the same debt to income ratio regardless of what they earn.
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