- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: $100,000 income: No big deal anymore
Posted on 7/25/17 at 11:32 am to 50_Tiger
Posted on 7/25/17 at 11:32 am to 50_Tiger
quote:
Two teachers in Dallas would hit this mark.
An Engineer with a little time in industry hits this mark.
Anyone in the professional medical field hits this mark with a little time invested in industry.
In fact, a 2 professional income household hits this pretty easily.
Any trade (electrician, welder, HVAC) can get pretty close if not over.
So it begs the question OT. Why only 20% (highest percentage I could find) of the country manages to his this household mark??
Because there aren't 60+ million jobs in these fields paying 100k per year. I'm surprised that even 20% hit 100k, let alone more, given that most of the biggest employers in practically every state are low-paying service industry companies.
1
Posted on 7/25/17 at 11:33 am to 777Tiger
quote:
in the DFW area he could buy two houses for that amount of monthly payment, could rent the second one out for enough to cover both notes
Wait what????
Not any home north of 635
Posted on 7/25/17 at 11:33 am to Salmon
quote:
my wife will probably stay home with our next child, which would bump us back down with the "poors
Stop pumping out kids you heathen
Posted on 7/25/17 at 11:33 am to Salmon
quote:
You will lose QoL with 2 kids no matter your financial situation
Yeahhhhhhhh about that...
Posted on 7/25/17 at 11:34 am to phutureisyic
quote:
Why not buy a house with that much rent?
If you aren't going to be in a house for more than 5 years, young people often won't be able to put enough equity in a home to make it worth it.
I sold my first home for more than what I paid after living there less than 4 years. We got $800 back after realtor fees and closing costs.
What a great investment.
Posted on 7/25/17 at 11:35 am to yellowfin
quote:
Household 100k doesn't stretch very far
It isn't much at all
I live in a very low cost of living city and would struggle
Cost of living gone up in Gardere?
Posted on 7/25/17 at 11:35 am to 50_Tiger
No marriage, no kids krewe with another W.
i gotta be honest I was thinking I'd get tired of winning so hard by now but I feel even more cravings for more winning.
i guess we'll just have to keep winning till there is no more winning to be won.
i gotta be honest I was thinking I'd get tired of winning so hard by now but I feel even more cravings for more winning.
i guess we'll just have to keep winning till there is no more winning to be won.
Posted on 7/25/17 at 11:35 am to Bmath
quote:
If you aren't going to be in a house for more than 5 years, young people often won't be able to put enough equity in a home to make it worth it.
I sold my first home for more than what I paid after living there less than 4 years. We got $800 back after realtor fees and closing costs.
What a great investment.
Bingo.
And right now DFW is in a housing market nightmare for buyers.
Sao has a good idea of where I live. The subdivision south of me in 2013 had homes priced at 300k. A few are up for sale for 450k.
Posted on 7/25/17 at 11:35 am to Nuts4LSU
quote:
Because there aren't 60+ million jobs in these fields paying 100k per year. I'm surprised that even 20% hit 100k, let alone more, given that most of the biggest employers in practically every state are low-paying service industry companies.
Yep some out of touch people posting in this thread. Just simple math would show why 20% is a legit pctg.
Posted on 7/25/17 at 11:36 am to rocket31
quote:
No marriage, no kids krewe with another W.
i gotta be honest I was thinking I'd get tired of winning so hard by now but I feel even more cravings for more winning.
i guess we'll just have to keep winning till there is no more winning to be won.
Not going to lie it does feel good.
When I get lonely I hop on Bumble and catch a lonely lady living in Legacy
.
Posted on 7/25/17 at 11:37 am to 50_Tiger
quote:
Not any home north of 635
that's the point of a lot of posts in this thread, you don't have to try and live a $30k millionaire lifestyle, and live in the chic areas, which is kind of an oxymoron when speaking of the DFW area
there are plenty of decent areas in the metroplex with nice, modestly priced housing
Posted on 7/25/17 at 11:37 am to 777Tiger
quote:
$100k today is the $30k of the 80s
Compared to this calculator...$100,000 in June 2017 is equivalent to $46,335 in June 1987 (30 years ago), and $39,599 in June 1982 (35 years ago).
CPI Inflation Calculator
Posted on 7/25/17 at 11:37 am to Salmon
quote:
if I was tied to a job in an urban area that had that high of a COL, I would expect to be paid as such
And most of them do, FWIW.
Posted on 7/25/17 at 11:38 am to RogerTheShrubber
quote:
Yep some out of touch people posting in this thread. Just simple math would show why 20% is a legit pctg.
So teaching is over populated right now?
I see posts on the OT daily in job threads looking for folks for 25/hr.
IT is still in high demand.
X-Ray Tech can work and bring home ~45k.
The jobs are out there.
Posted on 7/25/17 at 11:39 am to 777Tiger
quote:
that's the point of a lot of posts in this thread, you don't have to try and live a $30k millionaire lifestyle, and live in the chic areas, which is kind of an oxymoron when speaking of the DFW area there are plenty of decent areas in the metroplex with nice, modestly priced housing
Like where?
Aint no way in hell im living in Oak Cliff
Posted on 7/25/17 at 11:40 am to slackster
quote:
It's tight only because people have a hard time distinguishing between necessities and discretionary spending. That's not an insult, it's just a matter of fact. Let's say you spend $1k a month on education and another $1k a month on healthcare, both pretty damn high, you've still got $3,400 left. That is where you separate the discretionary and necessary spending.
That's the truth and it's hard to figure out what to cut out. My family eats at home for almost every meal, my wife and I don't do date nights, we don't have cable, and no car payments or other debt. You then have to figure out how much is realistic to budget for birthday and Christmas gifts and a vacation.
We did realize that even though we weren't going out to eat at family restaurants every week, we were both bad about things like smoothie king or a snack at the gas station. All little purchases that add up over the course of the month.
Posted on 7/25/17 at 11:40 am to 50_Tiger
100k for a household, no matter how you look at it, is lower middle class. In many places 200k is lower middle class.
Posted on 7/25/17 at 11:41 am to GoT1de
quote:
100k for a household, no matter how you look at it, is lower middle class. In many places 200k is lower middle class.
for fricks sake
Posted on 7/25/17 at 11:41 am to 777Tiger
quote:
in the DFW area he could buy two houses for that amount of monthly payment, could rent the second one out for enough to cover both notes
Lol, no it's a seller's market right now. Property taxes are also very high there.
Posted on 7/25/17 at 11:41 am to Salmon
quote:
for fricks sake
I guess 80% of the nation is extreme poverty
Page 6 of 21
Popular
Back to top
Follow TigerDroppings for LSU Football News