- 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: How much money does one need to make to be comfortable?
Posted on 2/7/19 at 8:28 am to KG6
Posted on 2/7/19 at 8:28 am to KG6
quote:
I mean the "+" part obviously is endless. But 200k for a family is far from moderately rich. Its upper middle class, but including the word rich is a stretch. Now if I was single with 200k income, I'd have enough money to get girls out of my dating class. And that's all one can ask for.
Bull. shite.
$200k household income is upper class no matter how you want to slice it.
Everyone wants to be called "upper middle class" because of the blue collar connotation it has, but $200k household income is fricking rich. It's the 92nd percentile in the US. You're in the top 10% of household incomes. If you're not living very, very well on that income, it's your own damn fault.
5
Posted on 2/7/19 at 8:31 am to TheChosenOne
quote:
Assuming they’re not in deep debt, a single person making $80k can easily live in NYC. You can get a Studio or 1 bedroom for $2k or you can get roommates in a 2-4 bedroom and pay $1,300-1,500. That leaves plenty money for savings and entertainment. Especially when you consider that your bills are minimal because you don’t need a car, car insurance, gas, car maintenance, etc.
No way. You need to make 40x to qualify for an apartment. At $80k annual, max budget is $2k. A $2k studio in Manhattan below 86th st is subpar (There are 113 current listing below $2k and 656 between $2k-$3k). That leaves $2k for everything else. $10 beer specials will make that money go away quickly.
$500k is the number needed for a family in NYC to live long term. I’ll say $160k is the number for a single person.
Posted on 2/7/19 at 8:34 am to slackster
quote:
Everyone wants to be called "upper middle class" because of the blue collar connotation it has, but $200k household income is fricking rich. It's the 92nd percentile in the US. You're in the top 10% of household incomes. If you're not living very, very well on that income, it's your own damn fault.
Where does upper middle class end?
Posted on 2/7/19 at 8:36 am to fallguy_1978
'bout tree-fiddy.
Posted on 2/7/19 at 8:36 am to Arch Madness
Most people never make that much and they seem to survive ok.
Posted on 2/7/19 at 8:38 am to Arch Madness
I've read that $150,000 is the ideal amount to make for one person. Its enough to live very comfortably, but not enough where you start pissing away money.
Posted on 2/7/19 at 8:38 am to AUCE05
Trust me, your 20s and 30s will offer a lot more enjoyment than your 60s will. Enjoy your best years, not your golden years.
Posted on 2/7/19 at 8:42 am to Fishwater
I swear this board is comprised of 15 year olds
$150,000 is way more than “ideal” for one person.
$150,000 is way more than “ideal” for one person.
Posted on 2/7/19 at 8:46 am to fallguy_1978
quote:
Where does upper middle class end?
Somewhere around $120k or so for household income. That puts you in the 75th percentile.
Remember, this is household income. People on this site are incredibly out of touch every time one of these income threads is started.
Posted on 2/7/19 at 8:48 am to Beessnax
quote:
I will tell you what I have learned and wish that I had put into place for myself financially. ...
1. Pay cash for a used cheap 4 cylinder car that gets really good gas mileage.
2. Max out all contributions to a retirement account
3. Buy a modest house at a really good price.
4. Don't go out to eat.
Do this and you will be far ahead at 40. It's the long term pay off that matters
Even better, buy a bike, live at your parents house, mooch off of their groceries and utilities, and save or invest all of your income.
Sounds like a fricking plan to me.
Posted on 2/7/19 at 8:48 am to Arch Madness
Max that 401k, put some into a Roth, and set yourself up a budget. Be smart with your money but save yourself some fun money (hookers & blow) in the budget too.
Posted on 2/7/19 at 8:49 am to slackster
quote:
but $200k household income is fricking rich.
It's not, though. Not in the "tax the rich so they pay their fair share" context of rich. And certainly it depends on the size of the household.
When you say rich, you're putting it in the same class as every income range above 200k. That's stupid.
quote:
Everyone wants to be called "upper middle class" because of the blue collar connotation
That's also stupid.
Posted on 2/7/19 at 8:49 am to slackster
quote:
Everyone wants to be called "upper middle class" because of the blue collar connotation it has, but $200k household income is fricking rich. It's the 92nd percentile in the US. You're in the top 10% of household incomes. If you're not living very, very well on that income, it's your own damn fault.
I never said it wasn't comfortable at all. I was replying to the "rich" statement. And I stand by that. It is not by any means rich. You aren't driving G-wagons and living in million dollar homes. You are doing well and living a comfortable life. But it ain't rich.
Posted on 2/7/19 at 8:51 am to Fishwater
quote:
I've read that $150,000 is the ideal amount to make for one person. Its enough to live very comfortably, but not enough where you start pissing away money.
When it is all said and done, I am close to this figure. As a single guy, I live very comfortably. Granted, I don't own a home because I move every few years but I am able to put a lot into savings and when I am ready to settle down in one location, I will easily be able to afford a moderately priced home. I wouldn't consider myself to be rich, but I am far from struggling.
Posted on 2/7/19 at 8:52 am to slackster
quote:
Somewhere around $120k or so for household income. That puts you in the 75th percentile. Remember, this is household income. People on this site are incredibly out of touch every time one of these income threads is started
Our household income is higher than that and I've always thought of us an upper middle class.
Posted on 2/7/19 at 8:55 am to Arch Madness
I think I can turn off the turbos once the household income hits 175k.
Between me and the ole lady were getting close. Probably 2-3 years off.
Between me and the ole lady were getting close. Probably 2-3 years off.
Posted on 2/7/19 at 8:55 am to slackster
quote:
Somewhere around $120k or so for household income. That puts you in the 75th percentile.
Remember, this is household income. People on this site are incredibly out of touch every time one of these income threads is started.
Slack, if you think 120k income for a family of 4 is rich, you're the one that's out of touch.
Posted on 2/7/19 at 8:58 am to slackster
quote:
Everyone wants to be called "upper middle class" because of the blue collar connotation it has, but $200k household income is fricking rich
No, it's really not. It's comfortable, but that isn't rich, IMO. And who the hell is concerned about "blue collar connotation"?
Posted on 2/7/19 at 8:59 am to Arch Madness
4k a month rent in Silicon Valley means you are poor.
Posted on 2/7/19 at 9:02 am to KG6
quote:
You aren't driving G-wagons and living in million dollar homes. You are doing well and living a comfortable life. But it ain't rich.
Right?
If 200k household income is rich, then what is 1 million household income? Those two incomes live a completely different lifestyle.
Page 5 of 8
Popular
Back to top
Follow TigerDroppings for LSU Football News