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re: What do you consider "Upper Middle Class"?
Posted on 3/17/14 at 3:27 pm to Corkfather
Posted on 3/17/14 at 3:27 pm to Corkfather
quote:
Most wealthy people, especially older ones, drive domestic vehicles, live in modest homes, and take the same vacations to Destin like everyone else. They didn't get to that level in life by flaunting their money.
If you are considering wealthy and upper class the same, then this statement is not true except the flaunting it in front of people. Upper Class people dont live like middle class.
You have multiple houses for different seasons, you have cars that fit their purpose for the area and occasions, you dont go on week long vacations to florida, you go to other countries. etc...
2
Posted on 3/17/14 at 3:28 pm to Corkfather
quote:
considered an engineer by my peers.
a mud engineer?
Posted on 3/17/14 at 3:29 pm to NYCAuburn
That would depend on your definition of "wealth."
Posted on 3/17/14 at 3:29 pm to NYCAuburn
quote:
you have cars that fit their purpose for the area and occasions
You also have someone drive you. You can make money sitting in the backseat.
Posted on 3/17/14 at 3:30 pm to Corkfather
quote:
and I'm considered an engineer by my peers.
Posted on 3/17/14 at 3:30 pm to tgrbaitn08
quote:
a mud engineer?
I was a completion fluids engineer at one point, I'm on the downstream side now (process).
Posted on 3/17/14 at 3:30 pm to LSUdm21
quote:
Yeah, it's the $30K that I have the biggest problem with. That's a lot to put away on $150K per year.
I would consider $30K a bare minimum of savings for someone making that much, unless you have several (4+) kids.
Also assuming you live in the south; in NYC that'd probably would be impossible.
Posted on 3/17/14 at 3:30 pm to VABuckeye
quote:
You also have someone drive you. You can make money sitting in the backseat.
Not necessarily, a lot of wealthy/upper class drive themselves, its really dependent on the locale though
Posted on 3/17/14 at 3:30 pm to Chris Farley
quote:Why can't the median household number be considered lower middle class? That is exactly where I would put it.
And sadly, that is the median household in the US. Not lower middle class.
Posted on 3/17/14 at 3:30 pm to Epic Cajun
quote:
I didn't think it would be fair to compare married two income families to single mothers.
It's probably not, but that's also not how the world works. The single mother still has the pay the same tuition and still put the same dinner on the table for her kids so it really is comparable. That's why household income is the most accurate and broad way to measure economic class.
Posted on 3/17/14 at 3:31 pm to Corkfather
quote:
That would depend on your definition of "wealth."
Sam Walton was the exception not the rule. The truly wealthy live in a different world for the most part.
Posted on 3/17/14 at 3:31 pm to yellowfin
quote:
no 24 hr pay on any platform I've ever been on unless something really bad was going on
I used to work on an anchor handling boat back in the day and we got paid for every minute we were out there.
That was almost 20 years ago, but as a kid fresh out of high school and doing that for the summers while in college, The OT after 2 days of being out there was great.
I quit after the 3rd hitch because I valued my life more than the money.
Posted on 3/17/14 at 3:31 pm to Corkfather
quote:
I dropped out, been working in the oilfield for 3 years or so now
quote:
I'm considered an engineer by my peers.
Sounds legit
ETA: Sorry for the thread highjack, my trolling is done.
This post was edited on 3/17/14 at 3:32 pm
Posted on 3/17/14 at 3:32 pm to Hoyt
quote:
What do you consider "Upper Middle Class"?
po people
Posted on 3/17/14 at 3:32 pm to Corkfather
quote:
a mud engineer?
I was a completion fluids engineer at one point, I'm on the downstream side now (process).
so a process engineer?
Posted on 3/17/14 at 3:32 pm to TexasTiger01
quote:
Sounds legit
I could give two fricks how it sounds to you, because you don't sign my check.
Posted on 3/17/14 at 3:32 pm to saderade
quote:
Why can't the median household number be considered lower middle class? That is exactly where I would put it.
Median is the exact middle. How did you pass 3rd grade math?
Posted on 3/17/14 at 3:33 pm to tgrbaitn08
Yessir.
Posted on 3/17/14 at 3:33 pm to Cold Cous Cous
quote:
I would consider $30K a bare minimum of savings for someone making that much, unless you have several (4+) kids.
Also assuming you live in the south; in NYC that'd probably would be impossible.
I don't know COL down there but after funding the 401K and ROTH the person would have about $6400 a month to live on and perhaps less. Take out a mortgage and other housing expenses and a car payment plus normal spending money and that extra $750 a month to save can become tight.
It's not doable in this area.
Posted on 3/17/14 at 3:33 pm to Corkfather
quote:
I was a completion fluids engineer at one point, I'm on the downstream side now (process).
Times are good, money's flowing like water, everybody loves everybody.
This is the oilfield, that shite'll turn on a dime.
Be smart, go finish and get the degree.
That way, you won't be the first one run off.
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