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Message

Baw making $450k, can’t make ends meet
Posted on 4/3/21 at 9:36 pm
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?
How does this happen?
Posted on 4/3/21 at 9:37 pm to RedRifle
quote:
I have a friend making $450k in NOLA
Posted on 4/3/21 at 9:37 pm to RedRifle
He sounds really stupid. And keeping up is what got him in trouble
Posted on 4/3/21 at 9:37 pm to RedRifle
Living like he makes $900k.
Posted on 4/3/21 at 9:37 pm to RedRifle
quote:People have no self control.
How does this happen?
Posted on 4/3/21 at 9:37 pm to RedRifle
quote:
How does this happen?
quote:
his “lifestyle”
Might need to be re-evaluated
Posted on 4/3/21 at 9:38 pm to RedRifle
quote:Probably has a lot of CC debt to keep up his lifestyle
How does this happen?
Posted on 4/3/21 at 9:38 pm to RedRifle
quote:
How does this happen?
It’s not hard to spend all your money no matter how much you have
Posted on 4/3/21 at 9:38 pm to RedRifle
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 on 4/3/21 at 9:40 pm to RedRifle
I know people that took out loans to join a country club. People are idiots
Posted on 4/3/21 at 9:40 pm to RedRifle
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 on 4/3/21 at 9:41 pm to RedRifle
quote:
How does this happen?
He is full of shite and doesn't make 450k.
Posted on 4/3/21 at 9:41 pm to RedRifle
quote:
How does this happen?
Entitled, stupid, keeping up with the jones's people.
Posted on 4/3/21 at 9:41 pm to RedRifle
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 on 4/3/21 at 9:41 pm to ChewyDante
quote:
can't downsize
That’s the whole point dummy
The “image” outweighs the bank account
Posted on 4/3/21 at 9:42 pm to RedRifle
quote:listening to AncientTiger investment advice
How does this happen?
Posted on 4/3/21 at 9:43 pm to AUriptide
quote:
He is full of shite
Agreed...he either doesn't make $450K or isn't in real financial trouble.
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