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re: How much is "making good money"

Posted on 9/13/19 at 7:06 pm to
Posted by hubreb
Member since Nov 2008
2062 posts
Posted on 9/13/19 at 7:06 pm to
quote:


I am thinking they are a shade over 100k total.


Just guessing rural UPS driver's and nurses get paid less than in a bigger city
Posted by notiger1997
Metairie
Member since May 2009
61227 posts
Posted on 9/13/19 at 7:10 pm to
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.
Posted by TulaneLSU
Member since Aug 2003
Member since Dec 2007
13605 posts
Posted on 9/13/19 at 7:17 pm to
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.
This post was edited on 9/13/19 at 7:19 pm
Posted by notiger1997
Metairie
Member since May 2009
61227 posts
Posted on 9/13/19 at 7:20 pm to
quote:

TulaneLSU


Go away.
Posted by BeerMoney
Baton Rouge
Member since Jul 2012
8778 posts
Posted on 9/13/19 at 7:21 pm to
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
Posted by notiger1997
Metairie
Member since May 2009
61227 posts
Posted on 9/13/19 at 7:22 pm to


Go have a cold one man.
Posted by fr33manator
Baton Rouge
Member since Oct 2010
132926 posts
Posted on 9/13/19 at 7:22 pm to
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
This post was edited on 9/13/19 at 7:24 pm
Posted by BeerMoney
Baton Rouge
Member since Jul 2012
8778 posts
Posted on 9/13/19 at 7:22 pm to
On my 3rd homie!
Posted by Mid Iowa Tiger
Undisclosed Secure Location
Member since Feb 2008
23461 posts
Posted on 9/13/19 at 8:47 pm to
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 by JamalSanders
On a boat
Member since Jul 2015
12210 posts
Posted on 9/13/19 at 8:55 pm to
Enough to pay all your bills on half your take home.
Posted by Catchfalaya
Member since Feb 2018
2049 posts
Posted on 9/13/19 at 9:36 pm to
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 by southernelite
Houston, TX
Member since Sep 2009
53560 posts
Posted on 9/13/19 at 9:41 pm to




Okay, boss
This post was edited on 9/13/19 at 9:41 pm
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 9/13/19 at 9:44 pm to
My pops never made more than $65k per year. He has done well with his real estate and worth a good bit.
Posted by Demshoes
Up in here
Member since Aug 2015
10659 posts
Posted on 9/13/19 at 10:16 pm to
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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