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re: This is the OT so here are 15 signs you moved up from middle class

Posted on 11/1/23 at 12:09 am to
Posted by LSU fan 246
Member since Oct 2005
90567 posts
Posted on 11/1/23 at 12:09 am to
A good one in the article

quote:

When taxes become your number one expense, you have left the middle class
Posted by Tiger Attorney
New Orleans
Member since Oct 2007
19918 posts
Posted on 11/1/23 at 12:17 am to
Been there for years...not sure I would say I fully left the middle class necessarily though.

When my accountant explained the need for quarterly payments to the government years ago, it was mind blowing. God help me if I underestimate what I owe quarterly (business or personal quarterly).
This post was edited on 11/1/23 at 12:54 am
Posted by Dickaroos
Nunya
Member since Feb 2013
524 posts
Posted on 11/1/23 at 12:53 am to
Well im fricked
Posted by MSTiger33
Member since Oct 2007
20978 posts
Posted on 11/1/23 at 3:26 am to
that’s high net worth and ultra high net worth. There are people between that and middle class.
Posted by EarlyCuyler3
Appalachia
Member since Nov 2017
27290 posts
Posted on 11/1/23 at 5:00 am to
quote:

personal trainer.


I made it!
This post was edited on 11/1/23 at 5:34 am
Posted by Big4SALTbro
Member since Jun 2019
20728 posts
Posted on 11/1/23 at 5:08 am to
Yea those thresholds seem off and more like the higher ends of upper class
Posted by Snipe
Member since Nov 2015
13891 posts
Posted on 11/1/23 at 5:35 am to
quote:

1. Asset Diversification: You have multiple streams of income and a diversified investment portfolio.

2. Passive Income: Most of your income comes from investments, assets, or a business rather than a salaried job.

3. Education for Children: You can easily afford private schooling or higher education for your children without financial strain.

4. Healthcare: You have access to premium healthcare services and can afford elective procedures.

5. Vacations: You take multiple breaks a year, possibly to international destinations, without worrying about the cost.

6. Networking: You have connections with influential people in your industry or other sectors.

7. Home Ownership: You own your home, possibly multiple homes or properties, not just your primary residence.

8. Tax Planning: You have a tax strategist or financial advisor to optimize wealth.

9. Charitable Giving: You make significant philanthropic contributions, either in time, money, or both.

10. Leisure Activities: You engage in high-cost hobbies or leisure activities without concern for the expense.

11. No Debt: You have little to no consumer debt and a robust credit score.

12. Retirement Planning: You’re not just saving for retirement; you’re actively planning for wealth transfer.

13. Time Flexibility: You can choose how you spend your time rather than being tied to a 9-5 job.

14. Personal Services: You can afford personal services like a housekeeper, private chef, or personal trainer.

15. Limited Budgeting Requirements: Daily expenses and budgeting are relatively low compared to your income or net worth.



All of this is easily achievable to most everyone if they plan for the future and don't live for today.

Look, don't think the big corporations that own this country and world didn't lobby to have civics and economics removes from lower education curriculums for no reason.

Keeping their workers in debt and dependant on shitty jobs has been the single most profitable decision these people have made since the harnessing of electricity.
Posted by StringedInstruments
Member since Oct 2013
19786 posts
Posted on 11/1/23 at 5:58 am to
quote:

Our private schools aren’t crazy expensive though so I guess it doesn’t mean much


What’s the rate y’all pay in LA? It’s ~$30k/year for each kid at our good private schools in Birmingham.
Posted by The Torch
DFW The Dub
Member since Aug 2014
23491 posts
Posted on 11/1/23 at 6:00 am to
quote:

14. Personal Services: You can afford personal services like a housekeeper, private chef, or personal trainer.


Everyone in the OT has three of these
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
130169 posts
Posted on 11/1/23 at 6:08 am to
quote:

15 signs you moved up from middle class


No one currently in middle class is moving up with democrats in charge of the country.
Posted by Flashback
reading the chicken bones
Member since Apr 2008
8479 posts
Posted on 11/1/23 at 6:19 am to
Your dick has a personal trainer. Your right hand.
Posted by Steadyhands
Slightly above I-10
Member since May 2016
7036 posts
Posted on 11/1/23 at 6:22 am to
Essentially all of those are in the works at varying levels. Some are maybe 10% there, others 75%, a couple check the box for 100% but it's ever expanding. I am mid 30s and within 10 years, I should be able to check every box and closing out number 3 and 13 by then.
Posted by BigApple
Member since Jun 2022
889 posts
Posted on 11/1/23 at 6:28 am to
13 of the 15
Posted by Hangit
The Green Swamp
Member since Aug 2014
43226 posts
Posted on 11/1/23 at 6:29 am to
quote:

Yea I’m not even going to bother reading your list


Doesn't your dog have his own private human mattress?
Posted by BigApple
Member since Jun 2022
889 posts
Posted on 11/1/23 at 6:29 am to
quote:

What’s the rate y’all pay in LA? It’s ~$30k/year for each kid at our good private schools in Birmingham.


That’s about what it is in New Orleans. At least the better schools.
Posted by soccerfüt
Location: A Series of Tubes
Member since May 2013
70123 posts
Posted on 11/1/23 at 6:32 am to
I’m good on the vast majority of those items; I didn’t see anything about Libertarianism, Veganism, or CrossFit participation though….

Posted by Animal
Member since Dec 2017
4341 posts
Posted on 11/1/23 at 6:40 am to
Well...I am fricked.
Posted by SWCBonfire
South Texas
Member since Aug 2011
1389 posts
Posted on 11/1/23 at 6:43 am to
quote:

List is shite.

Where are the hookers and blow?


Should already be factored into the budget if you're not an LOL poor.
Posted by Bazzatcha
Member since May 2017
866 posts
Posted on 11/1/23 at 6:57 am to
I got rice cooking in the microwave
Got a three day beard I don't plan to shave
And it's a goofy thing but I just gotta say
Hey, I'm doing alright
Yeah I think I'll make me some homemade soup
Feelin' pretty good and that's the truth
It's neither drink nor drug induced
No, I'm just doin' alright
Posted by MyRockstarComplex
The airport
Member since Nov 2009
4354 posts
Posted on 11/1/23 at 7:02 am to
I had some of these, but then had to relocate for work and buy a house in a “hot market” with high interest rates. Now my family’s only hope of financial independence is my untimely demise.
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