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Started By
Message
re: “If you aren’t pulling 6 figs by 30, you should re-evaluate your life” Is this wrong?
Posted on 1/14/21 at 9:52 am to marchballer
Posted on 1/14/21 at 9:52 am to marchballer
quote:
People always say living in a small town is cheaper than the big city. What all is actually cheaper besides housing?
Genuinely curious because it feels like the cost of most goods is standard.
Car insurance is a big one, property taxes typically, just the cost of a meal at a restaurant, costs of education as many choose private school for their children due to poor quality public school. Costs of commute, parking if you work downtown, etc. can all add up.
0
Posted on 1/14/21 at 9:54 am to GreatLakesTiger24
Complete nonsense.
Posted on 1/14/21 at 9:55 am to marchballer
Food. Drinks. Gas. To start
Posted on 1/14/21 at 9:56 am to fallguy_1978
quote:
I'd rather make 75k and work 40 hours per week. There's a whole lot more to life than work and money
This is true as well. It all about long term goals.
I would like to retire early. By 45 I should be able to call it a day if we play it right and don't have anymore kids.
I live well below my means. We essentially live on my salary and my wife maxes out her 401k and we invest her entire income. We've done this every year sine 2016 when we married.
I would like to get some rental properties, but real estate is ridiculously competitive right now.
They only downside of retiring early is figuring out healthcare.
Posted on 1/14/21 at 10:01 am to GreatLakesTiger24
When I finally got out of school and passed the bar exam, I went from basically a broke college student with $400 in the bank to $80k/year at age 26. I was daddy fricking Warbucks that first year, baby. 
Posted on 1/14/21 at 10:03 am to lsupride87
quote:
$200,000 Household income
quote:
poor in Manhattan.
No, no you wouldnt
+1. This board is so dumb when discussing places like NY and Cali
Posted on 1/14/21 at 10:05 am to BorrisMart
quote:And usually spending your way into poverty.
my buddies that went straight to roughneckin after high school was pushing up on 6 figs by 20. However, in most of La 6 figs can have you living like a king.
Posted on 1/14/21 at 10:06 am to GreatLakesTiger24
You make 6 figures being a fry cook at McDonald's in San Francisco
Posted on 1/14/21 at 10:06 am to RLDSC FAN
quote:
This board is so dumb when discussing places like NY and Cali
Additionally the meme that you can live in a LCOL rural setting or you can live in NYC/LA/SF is alive and well.
Posted on 1/14/21 at 10:08 am to RLDSC FAN
quote:While true, people who think like that also probably think living in a 1k sq/ft apt is living like you're "poor", regardless of the location of it and how much it costs.
+1. This board is so dumb when discussing places like NY and Cali
Posted on 1/14/21 at 10:11 am to GreatLakesTiger24
quote:Silly to choose one metric only.
“If you aren’t pulling 6 figs by 30, you should re-evaluate your life” Is this wrong?
By this logic, if one is making over $100k by age 30, they shouldn't re-evaluate their life?
"The unexamined life is not worth living": look it up.
This post was edited on 1/14/21 at 10:11 am
Posted on 1/14/21 at 10:11 am to GreatLakesTiger24
If you actually look up the financial income of the country, 6 figures is the top 2% of the country.
There is really not that many folks that do that.
Which also is a huge reason why higher income men are staying single and not getting married anymore. They don’t need the second income or headache that comes with it
There is really not that many folks that do that.
Which also is a huge reason why higher income men are staying single and not getting married anymore. They don’t need the second income or headache that comes with it
Posted on 1/14/21 at 10:12 am to JohnnyKilroy
“Living in a city” means a high rise in nyc or Chicago too
Posted on 1/14/21 at 10:13 am to BhamDore
quote:
This is true as well. It all about long term goals.
I would like to retire early. By 45 I should be able to call it a day if we play it right and don't have anymore kids.
I won't be close to retiring at 45. I'm 43 now and the youngest is still in the 8th grade.
Posted on 1/14/21 at 10:14 am to GreatLakesTiger24
Trying being there for years and then losing it.
Posted on 1/14/21 at 10:24 am to GreatLakesTiger24
It's different for everyone. 6 figs doesn't mean much if money is not your goal in life or you are creating a business that takes time to grow.
Posted on 1/14/21 at 10:24 am to GreatLakesTiger24
quote:
6 figs
My fig tree died in the freeze. However, I can pull 50 oranges. Is that good?
Posted on 1/14/21 at 10:27 am to Cosmo
quote:
Depends on where you live
In Silicon Valley yes
In Louisiana no
And in Silicon Valley what would be a $350k house in Louisiana would be $3m.
Posted on 1/14/21 at 10:29 am to Fat and Happy
quote:
If you actually look up the financial income of the country, 6 figures is the top 2% of the country.
Not sure that's correct, and most of those kinds of figures are listed by AGI and not by raw gross income (salary).
ETA: it's the top 20% with AGI at or around six figures, not 2%.
This post was edited on 1/14/21 at 10:38 am
Posted on 1/14/21 at 10:31 am to Tigerfan1274
quote:
$200,000 Household income is quite comfy in South LA but you would be poor in Manhattan.
no 
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