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Message

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

Posted on 7/25/17 at 11:07 am to
Posted by yellowfin
Coastal Bar
Member since May 2006
99043 posts
Posted on 7/25/17 at 11:07 am to
quote:

damn student loans and credit card bills that kick arse.


I could drive a Ferrari for what I pay for private school
Posted by 50_Tiger
Arlington TX
Member since Jan 2016
43551 posts
Posted on 7/25/17 at 11:08 am to
quote:

I could drive a Ferrari for what I pay for private school


Yellow I know you are a baller but I gotta know that price tag for private school lol.
Posted by Displaced
Member since Dec 2011
33054 posts
Posted on 7/25/17 at 11:09 am to
quote:


I remember the financial phases of my life by how I would panic if my account hit a certain number.

Graduated High School: $150 bucks
In College: $750 buck


You privileged frick

When I was in college, if I saw that my checking account had $2.68 my first thought was "sweet, I can have two spicy McChicken sandwiches for dinner."
Posted by jdeval1
Member since Dec 2009
7525 posts
Posted on 7/25/17 at 11:10 am to
quote:

Yellow I know you are a baller but I gotta know that price tag for private school lol.

We pay 22k per year, about 6k for aftercare (thankfully last year) and about 2k for summer camp.
Posted by AUCE05
Member since Dec 2009
45425 posts
Posted on 7/25/17 at 11:11 am to
Median for a HVAC tech is 40k. People bloat trade salaries for some strange reason.
This post was edited on 7/25/17 at 11:13 am
Posted by 50_Tiger
Arlington TX
Member since Jan 2016
43551 posts
Posted on 7/25/17 at 11:11 am to
quote:

We pay 22k per year, about 6k for aftercare (thankfully last year) and about 2k for summer camp.


Good God almighty lol.
Posted by 50_Tiger
Arlington TX
Member since Jan 2016
43551 posts
Posted on 7/25/17 at 11:12 am to
quote:

You privileged frick

When I was in college, if I saw that my checking account had $2.68 my first thought was "sweet, I can have two spicy McChicken sandwiches for dinner."



Lol what I didnt say is I worked 50 hours at BBY and had a room mate . All while in school. I literally had a mobile office with me. I left the apartment @ 6:45am and didnt get hom til almost 11-12pm. 5 days a week.
Posted by yellowfin
Coastal Bar
Member since May 2006
99043 posts
Posted on 7/25/17 at 11:14 am to
I don't consider myself a baller and my wife pays bills but I think it's around 6k a year per kid then they hit you with another few thousands in fees. Also pay for after school care
Posted by PrimeTime Money
Houston, Texas, USA
Member since Nov 2012
28117 posts
Posted on 7/25/17 at 11:14 am to
That's 20% of HOUSEHOLDS.

A husband and wife can both make $50k and be in that club.

If an individual is making $100k, that's pretty good.
Posted by slackster
Houston
Member since Mar 2009
91874 posts
Posted on 7/25/17 at 11:14 am to
quote:

100k household income is not that much if you have a family


$100k for a family of 4 in LA would allow you to save $15k, pre-tax, and still save/spend $65k per year after taxes. Throw in wage growth of 2.7% with inflation of 3%, and assuming you haven't saved a penny before age 30, you'd still retire at 65 with over $2.5MM and have an ample amount (w/ SS) to last you through age 90. This assumes your spending has grown with inflation as well - you'd spend $183k of after tax income @ 65.
Posted by Bmath
LA
Member since Aug 2010
18921 posts
Posted on 7/25/17 at 11:15 am to
quote:

Median for a HVAC tech is 40k. People bloat trade salaries for some strange reason.


Because they know a guy that has owned his own trade business for 25 years and assumes that everyone in that field is doing as well.
Posted by Displaced
Member since Dec 2011
33054 posts
Posted on 7/25/17 at 11:15 am to
quote:

Lol what I didnt say is I worked 50 hours at BBY and had a room mate . All while in school. I literally had a mobile office with me. I left the apartment @ 6:45am and didnt get hom til almost 11-12pm. 5 days a week.


I did basically the same thing. I had a couple part time jobs and sold my plasma twice a week so I could buy beer on the weekends.
This post was edited on 7/25/17 at 11:16 am
Posted by jdeval1
Member since Dec 2009
7525 posts
Posted on 7/25/17 at 11:16 am to
quote:

I don't consider myself a baller and my wife pays bills but I think it's around 6k a year per kid then they hit you with another few thousands in fees. Also pay for after school care

Catholic school? I wish ours was 6k. I'd covert to Catholicism to save that
Posted by ellishughtiger
70118
Member since Jul 2004
21182 posts
Posted on 7/25/17 at 11:18 am to
quote:

A household income of even $200,000 in Louisiana


This has to be top 1%, right?
Posted by Flashback
reading the chicken bones
Member since Apr 2008
8479 posts
Posted on 7/25/17 at 11:18 am to
I make 300k a year. I never wear the same pair of underwear more than once.
Posted by LSU fan 246
Member since Oct 2005
90567 posts
Posted on 7/25/17 at 11:18 am to
quote:


I don't consider myself a baller


Your post history says otherwise
Posted by GetCocky11
Calgary, AB
Member since Oct 2012
53509 posts
Posted on 7/25/17 at 11:19 am to
quote:

Median for a HVAC tech is 40k. People bloat trade salaries for some strange reason.



On this board, people always bloat trade salaries. It is odd.

But everyone seems to "know a guy" that makes a lot.
Posted by Bmath
LA
Member since Aug 2010
18921 posts
Posted on 7/25/17 at 11:19 am to
quote:

$100k for a family of 4 in LA would allow you to save $15k, pre-tax, and still save/spend $65k per year after taxes


Depending on health care costs and education expenses that's a really tight budget. I know because I sat down and did that for myself over the weekend.
Posted by yellowfin
Coastal Bar
Member since May 2006
99043 posts
Posted on 7/25/17 at 11:20 am to
Yes catholic but that 6 turns into 8 after you pay registration fee, technology fee, PE fee, etc. it's still very affordable for the quality of education they are getting
Posted by lnomm34
Louisiana
Member since Oct 2009
12702 posts
Posted on 7/25/17 at 11:21 am to
(no message)
This post was edited on 6/9/25 at 12:26 pm
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