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Posted on 9/13/19 at 7:10 pm to hubreb
People are all over the place with what they make and how they spend it.
My father in law never made over $70K a year and MIL was a stay at home with three kids. He retired at age 50. Stocks were good to him during his prime years of working.
Brother in law and his wife make stupid money out west. Combined I'm guessing they bring in around $450K a year with stock options and stuff coming out of their arse.
Other than the very nice house they finally upgraded to, they live more frugal than most everyone I know.
My father in law never made over $70K a year and MIL was a stay at home with three kids. He retired at age 50. Stocks were good to him during his prime years of working.
Brother in law and his wife make stupid money out west. Combined I'm guessing they bring in around $450K a year with stock options and stuff coming out of their arse.
Other than the very nice house they finally upgraded to, they live more frugal than most everyone I know.
Posted on 9/13/19 at 7:17 pm to notiger1997
I made about $21,000 last year and I lived comfortably on that. Paid my rent and did not want for food. I’d consider that pretty good money.
The world lies about what is a need. You don’t need a cellphone, tv, new clothes, name brand foods, tattoos, and junk.
The world lies about what is a need. You don’t need a cellphone, tv, new clothes, name brand foods, tattoos, and junk.
This post was edited on 9/13/19 at 7:19 pm
Posted on 9/13/19 at 7:21 pm to notiger1997
Dude I could sell the thing today and buy a $200k home cash and be perfectly happy. No more note, no more cutting all that fricking grass, no more 4 air conditioners.
Happy wife, happy wife. total bullshite
Happy wife, happy wife. total bullshite
Posted on 9/13/19 at 7:22 pm to frankthetank
Much more important than making oodles of money is learning to live within your means and making your money make money for you.
It takes discipline and denial of pleasures now in order to thrive later. Many people don’t have what it takes.
That’s why you see couples living in places like Seattle, and one is a butterfly rancher and the other massages wombats, they eat out all the time, rent an apt for $3000 a month, go to festivals and complain they can never get ahead
Or baws that go into debt living in a McMansion they can barely afford, driving brand new vehicles with $700 a month notes instead of a modest home and buying an older model vehicle for cash and saving for what they want
It takes discipline and denial of pleasures now in order to thrive later. Many people don’t have what it takes.
That’s why you see couples living in places like Seattle, and one is a butterfly rancher and the other massages wombats, they eat out all the time, rent an apt for $3000 a month, go to festivals and complain they can never get ahead
Or baws that go into debt living in a McMansion they can barely afford, driving brand new vehicles with $700 a month notes instead of a modest home and buying an older model vehicle for cash and saving for what they want
This post was edited on 9/13/19 at 7:24 pm
Posted on 9/13/19 at 8:47 pm to GreatLakesTiger24
quote:
Depends on where you live and how many dependents you have
Single guy in the south? Maybe 75k
Married with kids in Dallas? North of 200k
Divorced with kids in Dallas? North of $300k.
Posted on 9/13/19 at 8:55 pm to frankthetank
Enough to pay all your bills on half your take home.
Posted on 9/13/19 at 9:36 pm to frankthetank
Just depends what your monthly revolving debt load is compared to your income. I think a DTI ratio of less than 40% would give you ample room to enjoy life. Most 20/30 year olds are front end debt loaded beginning their adult lives. I’d say $175,000K annually after taxes is the sweet spot though if you have a few youngsters.
Posted on 9/13/19 at 9:41 pm to frankthetank
Okay, boss
This post was edited on 9/13/19 at 9:41 pm
Posted on 9/13/19 at 9:44 pm to Catchfalaya
My pops never made more than $65k per year. He has done well with his real estate and worth a good bit.
Posted on 9/13/19 at 10:16 pm to frankthetank
Depends on how much overhead you have. Mortgage, car notes, school loans, car insurance (teen drivers), homeowners insurance, life insurance, credit cards, federal taxes, state taxes, kids' tuition, educational loans etc. Even f you have a family income over $200k that shite disappears with a quickness.
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