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re: How much is "making good money"
Posted on 9/13/19 at 9:46 am to frankthetank
Posted on 9/13/19 at 9:46 am to frankthetank
quote:
I hear baws say this all the time. How much are we talking here? Cause I know most of these fools don't make more than 80k a year.
Avg mean income per family in the US is $87K per household.
Double that to $174K per household.
So, $174K.
1
Posted on 9/13/19 at 9:46 am to ragincajun77
quote:
To answer your question, anything g over $100,000
Not necessarily true. That is 100% dependent on where you live.
Posted on 9/13/19 at 9:46 am to Salmon
quote:
a single guy making $80k is "making good money"
I mean, that's not terrible, especially for someone in their 20's. You can do pretty much what you want with that.
Posted on 9/13/19 at 9:46 am to frankthetank
What defines making good money? Savings, possessions, ability to travel? I make anywhere from 130k to 140k a year and while I have a nice 401k I still have to sacrifice things I'd like. Living is expensive. I'd say good money where you can travel at will and enjoy things you wish to have would be closer to 300 to 400k. Of course anything can be downsized to accommodate other needs, but that amount seems to take a lot of the worries away.
Posted on 9/13/19 at 9:46 am to The Spleen
quote:Yep, once you factor in housing and bills and have money to save 20k+ a year, I say you doing good.
It's all relative to age, location, familial status, etc.
Posted on 9/13/19 at 9:46 am to notiger1997
quote:so you admit to be high maintenance
I couldn’t live on that though. LOL
interesting
Posted on 9/13/19 at 9:47 am to VetteGuy
quote:
BLM avg shows that a guy making $43K is avg, so $80K is almost double.
right
apparently making double the average is not "good money" considering the downvotes
Posted on 9/13/19 at 9:47 am to LSUAlum2001
quote:
So, $174K.
He said "good," not "average"
Posted on 9/13/19 at 9:48 am to xxTIMMYxx
quote:
I mean, that's not terrible, especially for someone in their 20's. You can do pretty much what you want with that.
$80k is very good for someone in their 20s
Posted on 9/13/19 at 9:48 am to frankthetank
nm
This post was edited on 5/21/20 at 2:01 pm
Posted on 9/13/19 at 9:48 am to frankthetank
about 3,50
Posted on 9/13/19 at 9:50 am to The Spleen
quote:This.
It's all relative to age, location, familial status, etc.
It all depends on how comfortable you are with your lifestyle.
Posted on 9/13/19 at 9:51 am to frankthetank
Six figures or you're just spinning your wheels
Posted on 9/13/19 at 9:51 am to Rouge
Bitch please. I’m paying $20k a year in school tuition for my brats.
Yeah I guess I could live on $80k a year if I cut way back on my retirement investing and dining out/entertainment budget. Then I’m not enjoying life all that much though.
Yeah I guess I could live on $80k a year if I cut way back on my retirement investing and dining out/entertainment budget. Then I’m not enjoying life all that much though.
Posted on 9/13/19 at 9:54 am to frankthetank
It really depends on your age and location and job type.
Posted on 9/13/19 at 9:54 am to Salmon
I said the same thing and got upvotes
This post was edited on 9/13/19 at 9:55 am
Posted on 9/13/19 at 9:55 am to sacrathetic
quote:
1.5x the median household income of your local area
In New Orleans?
Posted on 9/13/19 at 9:56 am to TheDeathValley
Yeah location is one of the main things due to housing cost.
I think too many people that struggle do so because they live in bigger houses than they really need to.
I think too many people that struggle do so because they live in bigger houses than they really need to.
Posted on 9/13/19 at 9:56 am to notiger1997
quote:that's your choice. you can always live somewhere with public schools that are better than the money you are throwing away at private school
I’m paying $20k a year in school tuition for my brats
Posted on 9/13/19 at 9:57 am to GreatLakesTiger24
I made $25K in 1981 and thought I was rich.
Had the Trans-AM and the Members Only jacket and had to beat the babes off with a stick.
Had the Trans-AM and the Members Only jacket and had to beat the babes off with a stick.
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