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Baw making $450k, can’t make ends meet

Posted on 4/3/21 at 9:36 pm
Posted by RedRifle
Austin/NO
Member since Dec 2013
8334 posts
Posted on 4/3/21 at 9:36 pm
I have a friend making $450k in NOLA with 2 kids and he recently let it slip that he’s living from hand to mouth. Has a lot of CC debt to keep up his “lifestyle”.

How does this happen?
Posted by TheWiz
Third World, LA
Member since Aug 2007
11865 posts
Posted on 4/3/21 at 9:36 pm to
In
Posted by DaleGribblesMower
Member since Dec 2013
6702 posts
Posted on 4/3/21 at 9:37 pm to
Stupidity
Posted by TigerOnTheMountain
Higher Elevation
Member since Oct 2014
41773 posts
Posted on 4/3/21 at 9:37 pm to
quote:

I have a friend making $450k in NOLA



Posted by ColonelRed
Member since Feb 2017
54 posts
Posted on 4/3/21 at 9:37 pm to
He sounds really stupid. And keeping up is what got him in trouble
Posted by Tyga Woods
South Central Jupiter Island, FL
Member since Sep 2016
41307 posts
Posted on 4/3/21 at 9:37 pm to
Living like he makes $900k.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82036 posts
Posted on 4/3/21 at 9:37 pm to
quote:

How does this happen?

People have no self control.
Posted by GreenRockTiger
vortex to the whirlpool of despair
Member since Jun 2020
58160 posts
Posted on 4/3/21 at 9:37 pm to
quote:

How does this happen?


quote:

his “lifestyle”


Might need to be re-evaluated
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 4/3/21 at 9:38 pm to
quote:

How does this happen?
Probably has a lot of CC debt to keep up his lifestyle
Posted by Tigerfan56
Member since May 2010
10526 posts
Posted on 4/3/21 at 9:38 pm to
quote:

How does this happen?


It’s not hard to spend all your money no matter how much you have
Posted by tiggerthetooth
Big Momma's House
Member since Oct 2010
63950 posts
Posted on 4/3/21 at 9:38 pm to
quote:

How does this happen?


Impulsive decision making, trying to keep up with the Jones, and a constant need to fill their inner emptiness with another useless expensive piece of junk.
Posted by 50407Tiger
Member since Oct 2019
1227 posts
Posted on 4/3/21 at 9:39 pm to
Hookers and blow?
Posted by OldmanBeasley
Charlotte
Member since Jun 2014
10898 posts
Posted on 4/3/21 at 9:40 pm to
I know people that took out loans to join a country club. People are idiots
Posted by ChewyDante
Member since Jan 2007
17097 posts
Posted on 4/3/21 at 9:40 pm to
At $450k a year you can easily begin offloading assets to mitigate sources of compounding debt and expenses and very quickly have your head above water. Wtf is he spending money on that with an income of $450k he can't downsize and sell assets that are causing him financial struggle?
Posted by AUriptide
Member since Aug 2009
7459 posts
Posted on 4/3/21 at 9:41 pm to
quote:

How does this happen?


He is full of shite and doesn't make 450k.
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
135376 posts
Posted on 4/3/21 at 9:41 pm to
quote:

How does this happen?


Entitled, stupid, keeping up with the jones's people.
Posted by LSU6262
Member since Jun 2008
7928 posts
Posted on 4/3/21 at 9:41 pm to
quote:

How does this happen?


In my limited experience in banking, I can tell you doctors, attorneys, and the highest wage earners are usually the absolute worst with money
Posted by jamboybarry
Member since Feb 2011
33139 posts
Posted on 4/3/21 at 9:41 pm to
quote:

can't downsize


That’s the whole point dummy

The “image” outweighs the bank account
Posted by Rouge
Floston Paradise
Member since Oct 2004
138124 posts
Posted on 4/3/21 at 9:42 pm to
quote:

How does this happen?
listening to AncientTiger investment advice
Posted by medtiger
Member since Sep 2003
21946 posts
Posted on 4/3/21 at 9:43 pm to
quote:

He is full of shite


Agreed...he either doesn't make $450K or isn't in real financial trouble.

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