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re: Feeling broke on a $665K salary
Posted on 1/22/24 at 1:27 pm to Oilfieldbiology
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.
Posted on 1/22/24 at 2:13 pm to LSUAngelHere1
I agree with your thought. The chase never really ends.
Interesting part about this doctor’s example and surgeons in general is the windfall aspect. They are surrounded by high earning doctors for years while training. They know their time is coming to live that life. Their first paycheck is a big one but it also increases substantially for the next few years. The ability for them to hold back on spending takes some time until they get to the point where they have money but would rather have less money and less responsibility. Good news for this guy is he’s going to be able to recover from the previous money moves.
Interesting part about this doctor’s example and surgeons in general is the windfall aspect. They are surrounded by high earning doctors for years while training. They know their time is coming to live that life. Their first paycheck is a big one but it also increases substantially for the next few years. The ability for them to hold back on spending takes some time until they get to the point where they have money but would rather have less money and less responsibility. Good news for this guy is he’s going to be able to recover from the previous money moves.
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