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re: What's Your Ideal Salary/Life balance?
Posted on 3/20/18 at 7:50 pm to Pettifogger
Posted on 3/20/18 at 7:50 pm to Pettifogger
quote:
For someone who wants to live an upper-middle life (reflecting my view of the point of the thread), 110 in a major city is tough and "doesn't get you much."
3000 sq ft with a pool 20-30 minutes outside of downtown isn't much to you? If so, then using your definition I guess you're right. Your definition is just really out of touch with reality.
This post was edited on 3/20/18 at 7:54 pm
1
Posted on 3/20/18 at 8:04 pm to Mingo Was His NameO
quote:
3000 sq ft with a pool 20-30 minutes outside of downtown isn't much to you? If so, then using your definition I guess you're right. Your definition is just really out of touch with reality.
I'm not disparaging living 30 minutes outside the city, but that wasn't ever my premise. Nonetheless, I imagine a lot of the families living in good parts of Frisco/Plano/Allen/McKinney, in the manner most of us talk about on this board, aren't doing it for 110k or less.
So in that regard, I question how far out of touch with reality I am.
Posted on 3/20/18 at 8:08 pm to PurpleandGold Motown
I was happy working around 30 hours/week and making $150-175K. Could have worked much harder and made more money, but the family time and keeping work-related stress down was more important to me.
Likewise, I'm a firm believer in spending most of your money when you're young and raising a family, and enjoying life to the fullest. You can't take it with you, and there's not nearly as much fun stuff to do when you're 70.
Likewise, I'm a firm believer in spending most of your money when you're young and raising a family, and enjoying life to the fullest. You can't take it with you, and there's not nearly as much fun stuff to do when you're 70.
This post was edited on 3/20/18 at 8:12 pm
Posted on 3/20/18 at 8:16 pm to Pettifogger
quote:
I'm not disparaging living 30 minutes outside the city, but that wasn't ever my premise
That's with traffic. About 6 miles from American Airlines Ceter that's what you get.
quote:
I imagine a lot of the families living in good parts of Frisco/Plano/Allen/McKinney, in the manner most of us talk about on this board, aren't doing it for 110k or less.
Well you're pretty much just factually wrong.
quote:
So in that regard, I question how far out of touch with reality I am.
100k puts you in the top 20% of earners in the metroplex. If you move up to McKinney or Frisco or that far north new construction 4bed/3bath, upgraded, pool, etc is 300k max, more like 260-275.
Posted on 3/20/18 at 8:20 pm to Pettifogger
quote:
imagine a lot of the families living in good parts of Frisco/Plano/Allen/McKinney, in the manner most of us talk about on this board, aren't doing it for 110k or less.
I think you're vastly overestimating the number of households that make 100k. Roughly 20%
Posted on 3/20/18 at 8:28 pm to Mingo Was His NameO
quote:
100k puts you in the top 20% of earners in the metroplex. If you move up to McKinney or Frisco or that far north new construction 4bed/3bath, upgraded, pool, etc is 300k max, more like 260-275.
I just looked for 4 bedrooms in Frisco for no more than 300 and I got 20 results, most of which look awful. For reference, when I change the max to 500, I get 441 results.
It's really not worth getting into a fuss about, but the idea that many people will find the need for more than 110k to raise a family in a nice area just isn't as strange/out of touch as you want to make it out to be.
Posted on 3/20/18 at 8:30 pm to RogerTheShrubber
quote:
I think you're vastly overestimating the number of households that make 100k. Roughly 20%
I'm not
I'm talking about it in the context of a thread titled "ideal salary/life balance" on a college-centric board where people (admittedly, often in jest) scoff at the idea of an individual merely making 100k.
Posted on 3/20/18 at 8:32 pm to Pettifogger
quote:
It's really not worth getting into a fuss about, but the idea that many people will find the need for more than 110k to raise a family in a nice area just isn't as strange/out of touch as you want to make it out to be.
You're right, that puts you in the top 10-20% of household income nationaly, but if you make that you pretty much are living in poverty.
This is seriously one of the stupidest takes on this board.
Posted on 3/20/18 at 8:34 pm to Mingo Was His NameO
quote:
This is seriously one of the stupidest takes on this board.
Yes, I agree, the fricking idiotic take you just invented is a dumb take. But it's not my take.
But please, get more personally aggrieved about someone civilly disagreeing with you, it's a good look.
Posted on 3/20/18 at 8:36 pm to Mingo Was His NameO
quote:
You're right, that puts you in the top 10-20% of household income nationaly
Is 110K household income really in the top 10-20%?
Posted on 3/20/18 at 8:38 pm to Pettifogger
quote:
But please, get more personally aggrieved about someone civilly disagreeing with you
If anyone seems to be personally offended, its you.
I will hold steady that you saying 100k can't live a middle class life in a city is insanely dumb. That income puts you in front of 80-90% of the rest of the country. Using that logic 80% of the country is below middle class, which is stupid and factually wrong.
Posted on 3/20/18 at 8:38 pm to PurpleandGold Motown
I read some study that says the ideal income that people come up with is twice their current income, whether you’re making 50k or 150k. Seems legit.
Posted on 3/20/18 at 8:41 pm to Ric Flair
I read a Purdue study about this the other day.
LINK
quote:
It’s been debated at what point does money no longer change your level of well-being. We found that the ideal income point is $95,000 for life evaluation and $60,000 to $75,000 for emotional well-being. Again, this amount is for individuals and would likely be higher for families.”
LINK
Posted on 3/20/18 at 8:42 pm to fallguy_1978
quote:
Is 110K household income really in the top 10-20%?
100k puts you in the 89.7%, or what pettitfrogger likes to call poor
Posted on 3/20/18 at 8:45 pm to Mingo Was His NameO
quote:
I will hold steady that you saying 100k can't live a middle class life in a city is insanely dumb. That income puts you in front of 80-90% of the rest of the country. Using that logic 80% of the country is below middle class, which is stupid and factually wrong.
100k definitely doesn't put you into the top 10% for a household.
Anyway, my position remains that 110k in a major city doesn't get you particularly far with a family. If you think it does, good, you'll probably find life easier.
Posted on 3/20/18 at 8:46 pm to TigrrrDad
Damn what do you do?
Posted on 3/20/18 at 8:47 pm to Pettifogger
quote:
Anyway, my position remains that 110k in a major city doesn't get you particularly far with a family. If you think it does, good, you'll probably find life easier.
The fact that you think 85% of people that live in cities don't have the ability to live comfortably is comical.
Posted on 3/20/18 at 8:48 pm to Mingo Was His NameO
quote:
100k puts you in the 89.7%, or what pettitfrogger likes to call poor
you sound like a very smart person
Posted on 3/20/18 at 8:52 pm to Pettifogger
quote:
Anyway, my position remains that 110k in a major city doesn't get you particularly far with a family
The size of the family is pretty important here as well. My wife and I make a good bit more than 110k in BR but we only have one child at home. We pay for private school because aside from the magnet schools the public schools suck here. We can easily afford it for 1 kid. Probably could for 2 as well.
But the dynamics change with more kids. I couldn't imagine having 3 kids in daycare at the same time.
Posted on 3/20/18 at 8:54 pm to fallguy_1978
No doubt.
BR is pretty expensive for a medium sized city I gather (home prices, I mean)?
BR is pretty expensive for a medium sized city I gather (home prices, I mean)?
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