Make $300k/year, when do i feel rich
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Poast new message in this thread
Date: November 13th, 2014 1:08 PM Author: khaki keepsake machete senate
You never do.
I'm going to gross just under 400K for 2014 not including bonus and it doesn't feel like I have anything more than just a comfortable life.
(http://www.autoadmit.com/thread.php?thread_id=2726577&forum_id=2],#26708507) |
Date: November 13th, 2014 1:09 PM Author: green field
when you stop spending more than you make.
(http://www.autoadmit.com/thread.php?thread_id=2726577&forum_id=2],#26708512)
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Date: November 13th, 2014 1:36 PM Author: green field
how much do you spend a year on premium designer labels and double-HAND-stitched luxury handbags?
Stop trolling this bort for a nutella pity party.
(http://www.autoadmit.com/thread.php?thread_id=2726577&forum_id=2],#26708705)
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Date: November 13th, 2014 1:57 PM Author: cracking seedy area
lol
*grows up in the southeast corner of her single room tenement*
*now spends thousands on frivolities*
*complains about being too poor for LA*
(http://www.autoadmit.com/thread.php?thread_id=2726577&forum_id=2],#26708842) |
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Date: November 13th, 2014 2:05 PM Author: green field
Typical response. Newsflash quantity does not equal quality when it comes to spending time with your kids.
Too often these SAHM types talk about how much time they get to spend with their kids, when most of that time is really spent zoned out in front of the TV while little Jimmy plays with his cis-gendered, Chelsea Manning themed GI Joes in the corner by himself.
When you have kids, you'll understand that what is important isn't how MUCH time you do spend with them, but that the time you do spend with them is quality.
(http://www.autoadmit.com/thread.php?thread_id=2726577&forum_id=2],#26708912)
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Date: November 13th, 2014 2:20 PM Author: green field
HOLY SHIT A 1HR+ COMMUTE?? HOLD THE FUCKING PRESSES.
You really are a nasty little self-involved chink. Best you not have children at all.
(http://www.autoadmit.com/thread.php?thread_id=2726577&forum_id=2],#26709031)
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Date: November 13th, 2014 2:31 PM Author: green field
It's not fucking easy, that's point you seem to be missing you entitled shit.
Now STFU and start acting like an adult.
(http://www.autoadmit.com/thread.php?thread_id=2726577&forum_id=2],#26709120)
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Date: November 13th, 2014 2:30 PM Author: green field
OMG, JUST ONE HOUR IN THE MORNING???
You understand that babies grow up and don't go to sleep at 7PM forever?
You don't need to spend 8hrs a day with your 3 month old. Not to mention if you are a good parent, you will make effective use of the free-time you have on the weekends to keep your kids engaged.
Let me spell this out for you. You are not rich, you are at best "well off". You will not have the $3 million condo in Santa Monica, your kids will not attend the fanciest private schools with all-white children. You will have to make trade offs, you will have to live in the suburbs and commute if you want to continue the lifestyle you are currently living with children. No doubt, you will still be able to take the kids to Disney and skiing, afford the fashionable labels, and never have to worry about keeping their stomachs full. You will still be able to afford that late model European luxury sedan that everyone else on your block drives, and maybe even membership in the local Country Club. But if you are harboring dreams of vacationing in Monte Carlo for 3 weeks, or taking the family on that luxury African safari and then returning to your manse in the hills, disabuse yourself of those notions right now.
(http://www.autoadmit.com/thread.php?thread_id=2726577&forum_id=2],#26709111)
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Date: November 13th, 2014 6:42 PM Author: impertinent wonderful stock car orchestra pit
"Date: November 13th, 2014 2:20 PM
Author: Anne Frank sporting a full bush
HOLY SHIT A 1HR+ COMMUTE?? HOLD THE FUCKING PRESSES.
You really are a nasty little self-involved chink. Best you not have children at all."
Dude, in another thread you are admonishing people for being MAF and uselessly aggressive, but this is the typical tenor of your poasting. What is your deal?
(http://www.autoadmit.com/thread.php?thread_id=2726577&forum_id=2],#26710679) |
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Date: November 13th, 2014 2:33 PM Author: rebellious balding codepig
you're not familiar w/ LA public schools are you? it's not flame that nobody wants to send their kids to el cholo high:
http://schools.latimes.com/school/los-angeles/fairfax-senior-high/
that's the high school in the neighborhood i currently live in.
(http://www.autoadmit.com/thread.php?thread_id=2726577&forum_id=2],#26709131) |
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Date: November 13th, 2014 11:22 PM Author: Beady-eyed Harsh Clown
this is so weak though. you are trying to excuse your weird racial obsessions by citing the other dumbest perpetrators.
i know you weren't raised UMC and joining its ranks has been the singular goal of your life, but let me give you a tip. the worst, most materialistic and withdrawn instincts you latch onto are not the gold standard for lifetime UMC people, and they're going to think you're a shitty little asian tiger mommy (which i guess you will be in most respects) if you attempt to blend with the kind of attitude you have right now.
people with money who didn't spend years with a real estate investment appreciation spreadsheet to get into their current neighborhoods are not all obsessed with surrounding themselves with racially homogeneous surroundings so they can dive deeper into the delusion that their hapa kids are white.
(http://www.autoadmit.com/thread.php?thread_id=2726577&forum_id=2],#26712930) |
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Date: November 14th, 2014 2:01 AM Author: rebellious balding codepig
there's a term called "white flight" which is a well-established phenomenon documented amongst the middle and UMC that resulted from the desegregation of schools and led to the creation of lily white suburbs that i certainly did not create that is based entirely on racism. perhaps you should read up on that before you make broad statements about what the "UMC" thinks.
second of all, i'm specifically talking about UMC people in urban cities, which are people making $300k+ in high COL cities, which is 2% of the u.s. population. i'm willing to bet that i'm in contact w/ these people a lot more on a daily basis than you are and know exactly how they think. and frankly, the only reason why UMC people making $150k in ohio don't think about "racially homogenous neighborhoods" is b/c it's a non-issue due to white flight and they're in their little bubble already with their little white picket fences and 80% white schools. race issues are definitely an obsession for the urban UMC due to close proximity; they just have to couch it in euphemisms, particularly if you're a shitlib who needs to pretend you're not racist.
i'm not making excuses for myself or anybody. i'm just telling it like it is and unlike those in denial, at least i'm aware of exactly what people mean when they say things in code.
(http://www.autoadmit.com/thread.php?thread_id=2726577&forum_id=2],#26713836) |
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Date: November 14th, 2014 2:52 AM Author: khaki keepsake machete senate
Dude, white people do this all the time.
They love the chic diverse urban neighborhoods but when they're faced with the reality of schools, it's amazing how their priorities change. They'll talk about scores and AP classes and school safety, which are all codes for no blacks, no non-Asian poors, no ghetto thugs.
Nutella isn't status conscious. She's a normal upper middle class professional who sees straight through the bullshit PC urban liberals say when they talk about schools for their kids. If Nutella was status conscious she'd be boasting about hanging out with hollywood stars or going to charity benefits. As far as I can tell, she doesn't.
(http://www.autoadmit.com/thread.php?thread_id=2726577&forum_id=2],#26714020) |
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Date: November 13th, 2014 2:07 PM Author: rebellious balding codepig
yeah it's gone up. bought it at bottom of the market for $335k and it's now worth maybe ~$500k. frankly, we can easily have a down payment if we sold it, but we are both conservative with money and there's always the risk of one of us losing our jobs or bonus being 0 instead of 100-150% of salary (much more so w/ me given the fact that my job is tied to performance of the stock market).
bottom line, you have to make a lot more than $300k/year to feel comfortable with a 30 year mortgage/property tax payment of $6-7k/month, which is the point where you're prob feeling a bit richer. nobody in my friend circle is making those sort of payments per month in early-mid 30s, more like $3-4k/mo at most. and even in those instances, many had parental help. frankly, i don't think anybody will really feel rich until they're in their 40s, but i'm sure then people will be complaining about $400k for each kids' college tuitions or whatever.
(http://www.autoadmit.com/thread.php?thread_id=2726577&forum_id=2],#26708931) |
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Date: November 13th, 2014 1:52 PM Author: green field
Sounds like you make plenty to afford a down payment and mortgage.
In reality you just need to stop being so goddam chinky and utilize your income better.
(http://www.autoadmit.com/thread.php?thread_id=2726577&forum_id=2],#26708813)
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Date: November 13th, 2014 2:13 PM Author: green field
No.
No shit you can't afford some of the most desirable real estate in one of the most affluent areas in the world.
$300k-$400k doesn't get you there. You're the guy who does the taxes for the guy living in that $3 million condo.
(http://www.autoadmit.com/thread.php?thread_id=2726577&forum_id=2],#26708966)
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Date: November 13th, 2014 2:04 PM Author: Umber abusive fat ankles sex offender
-a lot of rich foreigners (persians/saudis)
-small business owners
-old money
-entertainment industry people
-pro athletes/entertainers
(http://www.autoadmit.com/thread.php?thread_id=2726577&forum_id=2],#26708907) |
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Date: November 13th, 2014 2:10 PM Author: Internet-worthy hairy legs
-old money
---Sorry, had to laugh at this as a NY'er.
-entertainment industry people
---Are there that many high paying jobs in the industry?
I guess as an East Coaster I see LA as being this huge city, but I suppose the real competition is for a pretty geographically small area and it's all houses which take up a bunch of space vs. apartments. It seems to me there is plenty of affordable housing, but that people would rather kill themselves than deal with a commute/traffic or live in a "dangerous" neighborhood. (People in NYC seem less reluctant to move to Bushwick, Bed Stuy, etc. than LA folks would be to move to South Central/Compton.)
(http://www.autoadmit.com/thread.php?thread_id=2726577&forum_id=2],#26708952)
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Date: November 13th, 2014 2:49 PM Author: Fragrant Obsidian Site Queen Of The Night
my parents make about 2mm/year. i make about 500k/year. the hilarious part about it is that neither of us feel rich. don't get me wrong. we have nice cars, go on amazing vacations, have nice homes, etc., but definitely do not feel rich. the FEAR is always there
edit: also have multiple real estate properties fully paid off, no student loans, etc. yet the FEARitus is still there
(http://www.autoadmit.com/thread.php?thread_id=2726577&forum_id=2],#26709243) |
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Date: November 13th, 2014 3:05 PM Author: Fragrant Obsidian Site Queen Of The Night
yeah i met a guy who has basically built a small empire from the ground up over 40 years. he probably has a net worth of over 100mil.
strange thing about it is that he drives a prius and is completely not shitlib.
bizarre
(http://www.autoadmit.com/thread.php?thread_id=2726577&forum_id=2],#26709347) |
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Date: November 13th, 2014 4:35 PM Author: rebellious balding codepig
i don't know where all this hostility is coming from. you're not some pumo who i normally just ignore when they call me "cunt" and other names, but you're coming off particularly unhinged in this thread.
how exactly am i an entitled, cray-cray uber shrew? b/c i blew some money on manolos and chanel bags w/ MY earnings when i was 25? god forbid i break up the grind of working biglaw by making some frivolous purchases which had zero impact on my ability to pay off my student loans and buy a condo 4 years after graduating law school.
am i entitled and cray cray b/c i make 75% of the household income and will in the future be ok making 100% of the income depending on where our finances are and what the needs of our family are? how many "cunts" do you know are ok being w/ the main breadwinner? where's the entitlement there?
am i entitled b/c i don't think it's reasonable to be forced to commute 1+ hour each way? god forbid that i like to be home to have dinner w/ my husband at a reasonable hour (forget even kids). yes, so entitled, so cray cray, so shrewy to want to spend time w/ your family!
(http://www.autoadmit.com/thread.php?thread_id=2726577&forum_id=2],#26709943) |
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Date: November 13th, 2014 7:04 PM Author: green field
No I can't read it because you make my eyeballs fucking hurt.
Like I said, you're probably not that bad IRL, but on the Internets you sound like a whiny cunt with your "woe is me I only make $300k" shtick.
Sorry, that's the way I see it.
(http://www.autoadmit.com/thread.php?thread_id=2726577&forum_id=2],#26710811)
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Date: November 13th, 2014 3:49 PM Author: fear-inspiring nowag sanctuary
I don't think her expectations are ridiculous - she is just prioritizing them differently. She prioritizes having a shorter commute over having a decent sized house in a good school district.
However I think its fair to say that if you are "rich" by the metrics of where you live, you should be able to afford a decent house and to provide a safe school environment for your kids without commuting an hour.
Theres nothing wrong with choosing to live in the valley over living in a smaller condo - but if you are rich you should not have to make those tough choices about money. It's not like debating whether to fly first class or take a private jet.
(http://www.autoadmit.com/thread.php?thread_id=2726577&forum_id=2],#26709669) |
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Date: November 13th, 2014 4:51 PM Author: rebellious balding codepig
i dont have any "expectations."
the whole point of the thread is discussing whether $300k is rich. my options are live in a nice house in a black/hispanic neighborhood in reasonable commuting distance, live in a shitty 1970s apartment around affluent gays w/i reasonable commuting distance, or live in a modest-sized house 1 hr+ away from work. if those are your choices, you are not rich.
not once did i say i am entitled to or expect to have a nice house in a good public school district w/i reasonable commuting distance, despite the fact that these are things that even middle class people can have in most parts of the country. complaining that making $300k doesn't get you there doesn't mean you feel entitled to get it. it's just acknowledging the reality that $300k does not make you rich in a high col area.
(http://www.autoadmit.com/thread.php?thread_id=2726577&forum_id=2],#26710039) |
Date: November 13th, 2014 6:57 PM Author: impertinent wonderful stock car orchestra pit
You work for a living and you have to keep doing that unless you want your QOL completely destroyed. You're not rich if you still have to worry about that.
Your money will never amount to much but marginal increases in comfort and purchasing power. It's like a weak dude working his balls off in the gym for 20 years so he can take his weak ass bench from 185 to 225. The increase is pathetic, but that's what you're doing with your 'wealth' by busting your ass in the rat race. Meanwhile there people just born with NFL strength who run everything and don't even see you as a person. They never will.
All the striving and scrabbling in the white collar professional class amounts to a hill of beans. You'll never be rich; you're just trying to put extra inches between your lifestyle and being a poor.
(http://www.autoadmit.com/thread.php?thread_id=2726577&forum_id=2],#26710766) |
Date: November 14th, 2014 12:15 AM Author: Filthy canary roast beef round eye
well ur biggest bill is ur tax bill.
as long as you financially need a high paying job, you wont feel rich.
people should focus on lowering tax rate, lowering cost of living.
the credited thing to do is to generate passive income to cover your expenses as quickly as possible. people who have to take out huge mortgages are usually in a pretty bad position to do this.
(http://www.autoadmit.com/thread.php?thread_id=2726577&forum_id=2],#26713309) |
Date: November 14th, 2014 2:17 AM Author: burgundy aphrodisiac hominid
british, japanese, and other upper classes in history measured their wealth in passive income. the question was how much income did you receive without having to do anything at all.
e.g.
"he has a private income of £500,000 per annum.”
or
"my grandfather had a modest fief of 70,000 koku of rice per year"
wages or active business dealings only mattered as much as they served to increase one's passive income. to answer your question, i think you'll begin to feel rich when you are debt free, own a house and land, AND your passive income rises above 100k. in order to reliably receive that income today, perhaps you'll need to amass a net worth (including primary residence) of about 3 million dollars.
(http://www.autoadmit.com/thread.php?thread_id=2726577&forum_id=2],#26713908)
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