Started By
Message

re: $100,000 income: No big deal anymore

Posted on 7/25/17 at 4:09 pm to
Posted by Ba Ba Boooey
Northshore
Member since May 2010
4729 posts
Posted on 7/25/17 at 4:09 pm to
(no message)
This post was edited on 7/27/17 at 10:19 am
Posted by Gaston
Dirty Coast
Member since Aug 2008
41694 posts
Posted on 7/25/17 at 4:59 pm to
No shite. My wife has a French Lit degree and makes more, >$100k, than me with both BS and MS degrees. People just repeat that to make themselves feel good about their boring arse vo-tech type degree.
This post was edited on 7/25/17 at 5:00 pm
Posted by Muice
Baton Rouge
Member since Aug 2013
1268 posts
Posted on 7/25/17 at 5:02 pm to
quote:

My wife has a French Lit degree and makes more, >$100k, than me


I feel like you've explained this before and it was pretty interesting.

She doesn't do jack shite related to her degree right?
Posted by AU_251
Your dads room
Member since Feb 2013
12113 posts
Posted on 7/25/17 at 5:05 pm to
quote:


Two college grads should have zero problems combining for 100k by 30


thank God haha. I'm 27 and not even close yet... this shite is frustrating. Just got a $1.20 raise, which on top of what I was making IS ABSOLUTELY frickING NOTHING
Posted by Gaston
Dirty Coast
Member since Aug 2008
41694 posts
Posted on 7/25/17 at 5:09 pm to
Not at all. I convinced her to move to San Francisco with me instead of to Paris like her plans had always been. Her first job was a tech headhunter. She's now the director of HR for a shared services center.
This post was edited on 7/25/17 at 5:10 pm
Posted by Epic Cajun
Lafayette, LA
Member since Feb 2013
37483 posts
Posted on 7/25/17 at 5:18 pm to
quote:

thank God haha. I'm 27 and not even close yet... this shite is frustrating. Just got a $1.20 raise, which on top of what I was making IS ABSOLUTELY frickING NOTHING

If you have a college degree and ~8 years of pertinent experience, you shouldn't really have an issue making 50k. I think that's the point he was getting at.
Posted by Muice
Baton Rouge
Member since Aug 2013
1268 posts
Posted on 7/25/17 at 5:25 pm to
Whoops
This post was edited on 7/25/17 at 5:28 pm
Posted by yellowfin
Coastal Bar
Member since May 2006
99042 posts
Posted on 7/25/17 at 5:27 pm to
quote:

At $25/hr a $1.20 raise is 20%


Am I reading this wrong?
Posted by Muice
Baton Rouge
Member since Aug 2013
1268 posts
Posted on 7/25/17 at 5:27 pm to
No I'm just an idiot.
Posted by slackster
Houston
Member since Mar 2009
91874 posts
Posted on 7/25/17 at 5:27 pm to
quote:

At $25/hr a $1.20 raise is 20% and you're making 52k a year.

I'd say a 20% (or more) raise regardless is good.


Huh? $1.20 raise from $25/hr is a 4.8% raise.
Posted by 777Tiger
Member since Mar 2011
93541 posts
Posted on 7/25/17 at 5:28 pm to
quote:

Am I reading this wrong?

OT math baw!
Posted by jdeval1
Member since Dec 2009
7525 posts
Posted on 7/25/17 at 5:28 pm to
Yeah that's around 5%. Still an OK annual raise without a promotion.
Posted by Muice
Baton Rouge
Member since Aug 2013
1268 posts
Posted on 7/25/17 at 5:29 pm to
Don't OT math and drive.
Posted by 777Tiger
Member since Mar 2011
93541 posts
Posted on 7/25/17 at 5:33 pm to
quote:

Don't OT math and drive.



well, let me pull over and think about this...10% of 25 is approximately 2.5, so, oh shite, I have to go home and use the calculator
Posted by slackster
Houston
Member since Mar 2009
91874 posts
Posted on 7/25/17 at 5:36 pm to
quote:

Don't OT math and drive.


I'm legitimately laughing out loud at your responses and trying to figure out what type of mistake you can make where $1.20 works out to 20% of $25.
Posted by Muice
Baton Rouge
Member since Aug 2013
1268 posts
Posted on 7/25/17 at 5:38 pm to
Since I'll own the idiocy.
25/1.2 instead of 1.2/25.

Long day

ETA: glad I could make you smile slackster
This post was edited on 7/25/17 at 5:39 pm
Posted by 777Tiger
Member since Mar 2011
93541 posts
Posted on 7/25/17 at 5:40 pm to

quote:

Long day


Posted by Tempratt
Member since Oct 2013
15333 posts
Posted on 7/25/17 at 5:47 pm to
It quit being a "big deal" 10-15 years ago.
Posted by Guess
Down The Road
Member since Jun 2009
4003 posts
Posted on 7/25/17 at 5:57 pm to
I and my daughter went to Catholic schools. All things considered 6k-8k a year hurts, but it is manageable. I'm not sure about BR, but I can't even imagine trying to manage schools like Newman and Country Day in NOLA with fees in the 20k range not to mention multiple kids.
Posted by baseballmind1212
Missouri City
Member since Feb 2011
3414 posts
Posted on 7/25/17 at 6:33 pm to
quote:


I did some quick Google research on a number of topics to make sure my numbers were within ballpark. 

Monthly 
Starter home mortgage / rent $1250 
Auto loan $300 
Auto insurance $164 (2017 avg in LA) 
Employee paid portion + out of pocket expenses for healthcare $917 (2016 average for a US family of four) 
Childcare $550



I'll play. I just had to do all this budgeting shite when I started receiving job offers before graduation.

For a single (24yo) male with no kids.

Annual salary: 57500
Weekly pay: ~750 (after taxes, SS, healthcare, 10% for retirement)
(Monthly net pay of 3k)
Rent: 650
Utilities: 100
Car note: 212
Insurance: 185
Phone: 85
Gas: 100
Groceries: 300
Entertainment: 500

Total spending: 2000

That gives me $1000 a month to save.

Pretty easy to see that, at least in BR. You could live like a KING making almost double that as a single male. Sure you'd pay a little more for a mortgage and house upkeep. And you probably wouldn't be driving a $20k car but even then I could party my arse off for $100k gross pay.


Eta: I graduated with 0 loans thanks to a combo of tops and working full-time. I know that graduating with no loans is outside the norm because apparently it's fricking impossible to go to school and work.
This post was edited on 7/25/17 at 6:38 pm
Jump to page
Page First 15 16 17 18 19 ... 21
Jump to page
first pageprev pagePage 17 of 21Next pagelast page

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on X, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookXInstagram