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re: Live comfortably on $55,000 per year?

Posted on 4/16/14 at 10:44 pm to
Posted by UGATiger26
Jacksonville, FL
Member since Dec 2009
9055 posts
Posted on 4/16/14 at 10:44 pm to
quote:

I have never seen the allure of that vehicle, nor, have I had many men point out a BMW to me and tell me that they want one. Obviously everyone has a different opinion on cars, I just see mostly 30-40 year old women with them.


Not sure what age demographic you fall into or associate with, but several guys I know in my age group (mid to late 20's) all rushed to lease BMW's literally as their first car after getting their first job. None of them made a salary greater than $50,000. They did it solely for the status symbol. None of them found it foolish that they were spending 25% of their monthly income on their lease payments.
Posted by GeauxxxTigers23
TeamBunt General Manager
Member since Apr 2013
62514 posts
Posted on 4/16/14 at 10:47 pm to
quote:

They did it solely for the status symbol.


I will never understand buying a car you can't afford as a status symbol.
This post was edited on 4/16/14 at 10:47 pm
Posted by OMLandshark
Member since Apr 2009
109988 posts
Posted on 4/16/14 at 10:47 pm to
quote:

You mean if he has no social life, an 8 year old car, and a crappy apartment?

In that case sure. I guess that's comfortable to some people.



Well if his social life involved doing an 8 ball a weekend, buying extravagant sports cars, constantly going on vacation, and being a douchebag in general, then yeah he can't afford that. But if you're just normal, want to have a good time, and live in a nice neighborhood, then 55K can buy that. Douche.
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
425770 posts
Posted on 4/16/14 at 10:48 pm to
yeah

it's a 30k millionaire, not a 55k millionaire

jeeze
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 4/16/14 at 10:49 pm to
30,000,000,000?

that's pretty frickin rich
Posted by Tiger Ryno
#WoF
Member since Feb 2007
103301 posts
Posted on 4/16/14 at 10:49 pm to
Lol. I was a 28k millionaire after collwge. Dumb.
Posted by CP3LSU25
Louisiana
Member since Feb 2009
51150 posts
Posted on 4/16/14 at 10:49 pm to
quote:

I made 2250 take home right out of college per month and was fine I had an apartment at 750 and no car payment though


Why pay a apartment note at 800 dollars when you can have a house not for a 100 dollars more
Posted by J Murdah
Member since Jun 2008
39814 posts
Posted on 4/16/14 at 10:50 pm to
quote:

I'm a project coordinator for a surveying firm based out of LA.
and this year you recieved a 20k raise?
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 4/16/14 at 10:50 pm to
There's a lot of times it makes sense to rent.
This post was edited on 4/16/14 at 10:51 pm
Posted by OMLandshark
Member since Apr 2009
109988 posts
Posted on 4/16/14 at 10:50 pm to
quote:

Is it really? I'm not doubting you, I'm truly curious. That seems insanely low for a four year degree. I thought it would have been closer to a 75-80k a year average.



You need to get out in the real world, dumbass. If you're making 80K straight out of college, then you're a real baller and got really lucky. Out of my social group (and we're all doing well for ourselves), only one of us is making that kind of cash. Sure, eventually we'll be making that kind of money, but a year or two out of college, absolutely not.
Posted by CP3LSU25
Louisiana
Member since Feb 2009
51150 posts
Posted on 4/16/14 at 10:50 pm to
quote:

I will never understand buying a car you can't afford as a status symbol.


Have you not met 90% of America
Posted by GeauxxxTigers23
TeamBunt General Manager
Member since Apr 2013
62514 posts
Posted on 4/16/14 at 10:51 pm to
quote:

Have you not met 90% of America


I have not.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 4/16/14 at 10:52 pm to
Posted by wish i was tebow
The Golf Board
Member since Feb 2009
46122 posts
Posted on 4/16/14 at 10:52 pm to
Maybe he thought he might be moving or something. Why do you think there are so many apartments? It's not for everyone to buy a house right away
Posted by yellowfin
Coastal Bar
Member since May 2006
97805 posts
Posted on 4/16/14 at 10:52 pm to
That's pretty good, I just hired a management degree fresh out of college for $14 an hour
Posted by hendersonshands
Univ. of Louisiana Ragin Cajuns
Member since Oct 2007
160118 posts
Posted on 4/16/14 at 10:53 pm to
I probably can't buy a house for another 5 years or so because I might have to move around a bit before I'm settled. I'd rather not rent but I'm not going to buy a house when I know I won't be in it for the next 20 years.
Posted by wish i was tebow
The Golf Board
Member since Feb 2009
46122 posts
Posted on 4/16/14 at 10:53 pm to
Posted by OldHickory
New Orleans
Member since Apr 2012
10602 posts
Posted on 4/16/14 at 10:53 pm to
Any kid coming out of a 4-year program wondering whether 55k/year is adequate is fricked to begin with. What did your folks make? Did they go to college? I thought if I got out of school and could hook 30 or 35k, I was blessed. And I ain't that far removed, nor did I get a degree in History or Political Science.
Posted by hendersonshands
Univ. of Louisiana Ragin Cajuns
Member since Oct 2007
160118 posts
Posted on 4/16/14 at 10:53 pm to
And you have the balls to want to charge me >$100/sack of crawfish
Posted by CP3LSU25
Louisiana
Member since Feb 2009
51150 posts
Posted on 4/16/14 at 10:54 pm to
quote:

There's a lot of times it makes sense to rent.


You right. I would just rather a home I can cook and watch football games etc. I would hate to work hard and live in an apartment
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