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household income over $500k. not even UMC
Poast new message in this thread
Date: October 25th, 2017 8:43 AM Author: plum dingle berry antidepressant drug (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34523969) |
Date: October 25th, 2017 8:44 AM Author: pearly contagious regret jap (coastal shithole dweller) (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34523970) |
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Date: October 25th, 2017 8:47 AM Author: plum dingle berry antidepressant drug cr (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34523985) |
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Date: October 25th, 2017 8:44 AM Author: slippery feces lol (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34523975) |
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Date: October 25th, 2017 8:47 AM Author: plum dingle berry antidepressant drug live in a tiny rented shitbox. can't afford better. can't afford to buy. can't afford anything (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34523983) |
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Date: October 25th, 2017 8:49 AM Author: slippery feces The persistence of this flame makes me think tbst XO has internalized it (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34523994) |
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Date: October 25th, 2017 8:51 AM Author: plum dingle berry antidepressant drug this isn't flame. that really is my household income and i really can't afford a UMC lifestyle (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524003) |
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Date: October 25th, 2017 8:54 AM Author: slippery feces Your take home is somewhere around 20k/month.
Are you spending 15k/month on beanie babies? |
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Date: October 25th, 2017 8:56 AM Author: angry school cafeteria cq (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524012) |
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Date: October 25th, 2017 9:27 AM Author: plum dingle berry antidepressant drug did you forget about taxes? (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524154) |
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Date: October 25th, 2017 9:28 AM Author: slippery feces 500k is about 40k/ mo pre tax.
500/12... |
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Date: October 25th, 2017 9:44 AM Author: plum dingle berry antidepressant drug wtf (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524244) |
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Date: October 25th, 2017 9:32 AM Author: Stimulating Lime Chapel Yeah these people are insufferable.
Worst one I ever see is nutella. Constantly crying poor bc she can't easily afford a $2mm house. Such poverty! |
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Date: October 25th, 2017 7:51 PM Author: gold stage honestly if you make half a mil a year and live in a tiny shitbox you're going to retire early and are doing it rite (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34528384) |
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Date: October 25th, 2017 8:47 AM Author: burgundy mad-dog skullcap theater You can't even afford to raise one child on that. (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34523984) |
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Date: October 25th, 2017 8:48 AM Author: plum dingle berry antidepressant drug i think that's right. can't afford a two bedroom apartment within 75 minutes of work (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34523989) |
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Date: October 25th, 2017 8:48 AM Author: slippery feces *leans into mic* (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34523992) |
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Date: October 25th, 2017 8:57 AM Author: burgundy mad-dog skullcap theater CR. $500k is probably $25k monthly take home after taxes and 401(lk).
$5k on food and entertainment $4k on drugs and alcohol $3k on weekend travel $3k on car leases and weekend Ubers $2k into savings $2k into clothing purchases $1k on gym membership (towel service upgrade) $1k tithe to church $1k on poasting insurance
= only $3k left on rent. LJL at ever buying a place or having kids. |
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Date: October 25th, 2017 8:57 AM Author: slippery feces titcb (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524023) |
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Date: October 25th, 2017 7:43 PM Author: irradiated famous landscape painting (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34528329) |
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Date: October 25th, 2017 9:14 AM Author: Light sound barrier skinny woman lol (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524090) |
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Date: October 25th, 2017 9:22 AM Author: Nighttime mental disorder CR. And even that's an ultra-lean budget that doesn't leave any room for lottery tickets. You need lottery tickets in your budget because winning is the only real way to get ahead. If you abandon the lottery, you are effectively giving up on ever being able to retire. (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524127) |
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Date: October 25th, 2017 10:17 AM Author: spectacular factory reset button background story (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524472) |
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Date: November 3rd, 2017 1:54 PM Author: magenta erotic office boiling water (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34596648) |
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Date: October 25th, 2017 9:28 AM Author: plum dingle berry antidepressant drug it's not even close to $25k/month after taxes and 401k. get real! (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524161) |
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Date: October 25th, 2017 9:29 AM Author: slippery feces (Guy with a maxed out 401k living under a bridge) (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524170) |
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Date: October 25th, 2017 9:45 AM Author: plum dingle berry antidepressant drug $500k/year is about $12.5k/month, after taxes and two 401ks, health insurance (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524251) |
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Date: October 25th, 2017 9:47 AM Author: slippery feces Please show your math.
You’re starting at about 41k/month pre tax, insurance, deduction. Please show me how you have a take home of only 12.5 |
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Date: October 25th, 2017 9:50 AM Author: plum dingle berry antidepressant drug federal, state local and payroll taxes, 401k, health insurance deducted from check = $28.5k (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524290) |
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Date: October 25th, 2017 9:56 AM Author: slippery feces Dear god. Wife and I have HHI of around $225k.
Our take home after taxes and contributions is around $12,000.
This is just mind boggling to me. |
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Date: October 25th, 2017 10:04 AM Author: demanding azure national weed whacker Why would you deduct your 401k contribution? That is not money to the government or scam insurance company. That's your savings (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524381) |
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Date: October 25th, 2017 10:06 AM Author: jet-lagged scarlet university It isn't real savings. It is money you will live on when you retire. (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524390) |
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Date: October 25th, 2017 10:11 AM Author: stirring lodge So it shouldn't count? Tell that to the people that can't save for retirement or not nearly as much.
You are seriously an idiot when it comes to this stuff. |
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Date: October 25th, 2017 10:13 AM Author: jet-lagged scarlet university As far as your immediate future is concerned it doesn't count. This is what ARE generation does instead of looking forward to their pensions.
Most people are going to be totally fucked when they retire (or get forced into it - you're kidding yourself if you think employers are really going to let people keep working in their 70s when they can hire 20-somethings for way cheaper and work them 60+ hours a week). |
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Date: October 25th, 2017 10:15 AM Author: Cerise sexy people who are hurt gas station Most people are forced to retire earlier than they want to because firing/layoffs are hard to recover from once you're 50+ (depends on the industry/level) but it's still savings, albeit pre-tax. (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524456) |
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Date: October 25th, 2017 10:16 AM Author: stirring lodge Not if you are maxing out a 401k or putting in even $10k a year.
Just because you aren't using it in immediate future doesn't mean it doesn't count. It's just like saving for college. There is absolutely utility in it now.
You are so delusional that it's hard to even discuss these things with you.
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Date: October 25th, 2017 10:29 AM Author: jet-lagged scarlet university Just consider yourself wealthy because you're saving for stuff that's free in much of the world, bro. (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524566) |
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Date: October 25th, 2017 10:35 AM Author: stirring lodge lol. Nice goal post move.
I assume you are for higher taxes then?
Also I don't think a decent retirement is free anywhere chief. Those people live very poor when it's gov't funded. |
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Date: October 25th, 2017 10:39 AM Author: jet-lagged scarlet university I'm not, but I'm just being realistic.
Also, your comparing to the equivalent of social security, not Boomer pensions |
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Date: October 25th, 2017 10:20 AM Author: Stimulating Lime Chapel Retiring with money is a luxury, shithead. (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524488) |
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Date: October 25th, 2017 10:23 AM Author: demanding azure national weed whacker This makes no sense (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524510) |
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Date: October 25th, 2017 10:25 AM Author: Cerise sexy people who are hurt gas station He doesn't count anything already earmarked to be spent. Which is not normal. But I think that's the mental process/rationale. He discounts future consumption. But it's still saving!
People do this for short term spend like vacation funds, but not long term spend like college/retirement. I think it's more OK for planned college spend but not retirement. |
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Date: October 25th, 2017 10:22 AM Author: plum dingle berry antidepressant drug 401k = pension. you wouldn't include pension benefits in your monthly after tax income while you were working. that would be stupid (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524502) |
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Date: October 25th, 2017 10:24 AM Author: Stimulating Lime Chapel of course people think of pensions as money. why on earth do you think teachers are happy working for peanuts? a funded retirement is valuable. (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524529) |
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Date: October 25th, 2017 10:35 AM Author: jet-lagged scarlet university No one says teachers make $200k/year because they calculated the value of their pensions. (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524606) |
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Date: October 25th, 2017 11:34 AM Author: plum dingle berry antidepressant drug a mid-career teacher does not include the value of post-retirement pension benefits in their current monthly budget, fuckwit (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34525025) |
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Date: October 25th, 2017 7:34 PM Author: cowardly embarrassed to the bone new version box office Why not? They should. Less need for future savings (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34528285) |
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Date: October 25th, 2017 6:55 PM Author: cowardly embarrassed to the bone new version box office CR. 401k has to count. What a dumb subthread (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34528089) |
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Date: October 25th, 2017 11:38 AM Author: Cordovan institution https://www.paycheckcity.com/calculator/salary/ (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34525042) |
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Date: October 25th, 2017 10:10 AM Author: stirring lodge Thats a lie.
$41,000 x .60 (40% taken out for FICA, taxes etc.)= $24,600
$1800 off a month for maxing out 2 401ks (that's after tax cost from $3000 a month)
$1000 a month AT MOST for health insurance.
That leaves you with over $20,000 |
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Date: October 25th, 2017 2:45 PM Author: plum dingle berry antidepressant drug you gotta join the real world buddy. effective tax rate is higher than 40% all-in. health insurance is more than $1000/month. get real! (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34526341) |
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Date: October 25th, 2017 9:29 AM Author: Fishy Racy Reading Party (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524169) |
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Date: October 25th, 2017 9:41 AM Author: pearly contagious regret jap (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524223) |
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Date: October 25th, 2017 9:46 AM Author: jet-lagged scarlet university My $500k budget:
$25k/month (assuming kids + dog):
$2k car + insurance + gas + repairs $2k nanny $2k 401k contribution $1k various insurances $2k college fund $2k food $6k housing (mortgage, taxes, repairs, furniture, basic utilities) $1.3k various tech spending (computers, phones, internet/cable, etc.) $700 student loans $1k clothes $1k miscellaneous shopping/dog stuff/etc. $1k travel $3k savings
That's it, you're tapped out. It is UMC, but not crazy money. |
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Date: October 25th, 2017 9:48 AM Author: plum dingle berry antidepressant drug that's pure fantasy because you don't have anywhere near $25k to work with. also lol at not even maxing ONE 401k (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524274) |
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Date: October 25th, 2017 9:52 AM Author: jet-lagged scarlet university Adjusted. Still not maxed but there's corp matching too. (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524303) |
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Date: October 25th, 2017 9:49 AM Author: slippery feces Youre paying over 15k/mo in taxes? (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524283) |
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Date: October 25th, 2017 9:51 AM Author: jet-lagged scarlet university Absolutely. Welcome to a coastal state. (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524293) |
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Date: October 25th, 2017 9:51 AM Author: plum dingle berry antidepressant drug that's unrealistically low. it's more like $24k (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524297) |
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Date: October 25th, 2017 9:53 AM Author: slippery feces If this is true, then I’m convinced that expenditures really do expand to fit the income (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524309) |
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Date: October 25th, 2017 9:55 AM Author: jet-lagged scarlet university More like those salaries come with living in high COL/tax areas. Also, that means 2 salaries. With some of this stuff it will get better - so once mortgage gets paid that all goes into savings. However, if you're paying college/grad school/activities/etc it can quickly add up to more. (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524324) |
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Date: October 25th, 2017 9:56 AM Author: slippery feces Live in one of the highest COL in the country and we can still find ways to keep expenses down. But to be fair, you have kids and child care which we don’t have yet. (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524330) |
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Date: October 25th, 2017 10:02 AM Author: jet-lagged scarlet university We don't either at this point (nor do we have a $500k/salary).
But I'm just looking at our just over $300k HHI and while we're ok, we don't have a nice house or paying childcare. It is pretty easy to extrapolate.
Also, this assumes nothing crazy happens (a major illness, car explodes and insurance doesn't cover it, etc.) |
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Date: October 25th, 2017 10:03 AM Author: demanding azure national weed whacker Lmfao at this list. Well done flame though. (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524370) |
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Date: October 25th, 2017 10:04 AM Author: jet-lagged scarlet university I'm actually serious. I also didn't include things like charitable giving. (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524380) |
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Date: October 25th, 2017 10:06 AM Author: Cerise sexy people who are hurt gas station You don't have a big charity budget, do you? (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524389) |
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Date: October 25th, 2017 10:07 AM Author: jet-lagged scarlet university About $600-1k/year (and my company matches at 100%). It really should be more, especially if we made $500k/year. (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524399) |
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Date: October 25th, 2017 10:06 AM Author: demanding azure national weed whacker You're "serious" on a premise that doesn't exist for you and likely never will. Lol at UMC larping on a Wednesday workcuck morning.
Your list is absurd. 24k a year for "tech" lmao |
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Date: October 25th, 2017 10:09 AM Author: jet-lagged scarlet university I could see us getting close to that. In my area $300k/year isn't uncommon and my wife could get to $150k/year.
Yeah, I'm sort of throwing a bunch of random spending into that. You can break out $500/month for entertainment/activities if you prefer. |
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Date: October 25th, 2017 10:14 AM Author: demanding azure national weed whacker Wait the 2k devoted to "miscellaneous shopping" and travel does not cover entertainment? Perhaps you have a fantasy spending problem.
You will never sniff 500k. Mandy will never bring in 150k either. Hth |
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Date: October 25th, 2017 10:16 AM Author: jet-lagged scarlet university No, it doesn't.
That's actually a very low number for her and her area. Sorry you're MAF. We're already over $300k. Both of us are gaining experience in really hot areas. |
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Date: October 25th, 2017 10:21 AM Author: demanding azure national weed whacker I love your fantasy role playing in these threads. you think your entitled to millions and aspire to multiple properties with no basis for it, no particular talent or ingenuity that would lead you there. Thought you would have been humbled the first time around. (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524499) |
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Date: October 25th, 2017 10:28 AM Author: jet-lagged scarlet university This isn't millions, we're talking normal salaries and bonuses in our area. (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524557) |
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Date: October 25th, 2017 10:30 AM Author: soggy theater stage legend (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524577) |
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Date: October 25th, 2017 10:16 AM Author: Stimulating Lime Chapel (guy buying a new computer every month) (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524464) |
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Date: October 25th, 2017 10:18 AM Author: jet-lagged scarlet university If you have 2 kids, yourself and your wife, you have a bunch of phones/computers that are getting replaced. I'm also including stuff like TVs, monitors, speakers, headphones, etc. (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524476) |
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Date: October 25th, 2017 10:22 AM Author: Stimulating Lime Chapel LOL @ putting a $2k monthly line item in for this.
computers and phones barely get better each year. just take care of your shit and this is a few hundred bucks a year max.
kids don't need phones/tablets and certainly don't need the latest ones.
you're delusional. |
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Date: October 25th, 2017 10:23 AM Author: demanding azure national weed whacker Cr (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524515) |
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Date: October 25th, 2017 10:26 AM Author: soggy theater stage legend (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524543) |
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Date: October 25th, 2017 10:30 AM Author: jet-lagged scarlet university They definitely need phones and computers. (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524584) |
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Date: October 25th, 2017 10:35 AM Author: Stimulating Lime Chapel *gets gaped ITT*
*SLAMS MacBook shut, cracking the screen*
“Mandy babe would you mind picking me up one of them laptops again? Yeah third time this week huh.”
Seriously I imagine you living like some 90s gangster with a big projection tv, bumpin speakers, every video game crammed into a rathole apartment. |
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Date: October 25th, 2017 10:41 AM Author: jet-lagged scarlet university This is XO so for most of you I should replace that with drugs and escorts. (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524642) |
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Date: October 25th, 2017 10:21 AM Author: 180 bawdyhouse TBF, 529 and 401ks still count as savings.
Nanny is $4k/month.
Spending $2k/month on tech and $1k/mo on clothes and misc insurance is way too high. The only insurance you pay for are cars and homeowners.
There’s no reason you can’t easily save at least $150k/year (not counting maxed out 401ks) at $500k and if you can’t, you’re likely being too extravagant. |
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Date: October 25th, 2017 10:25 AM Author: Stimulating Lime Chapel Thanks for the advice, nutella. Seems like you've got it all figured out. (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524537) |
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Date: October 25th, 2017 10:36 AM Author: jet-lagged scarlet university Health, dental, life and disability insurances (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524617) |
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Date: October 25th, 2017 10:50 AM Author: 180 bawdyhouse Health/dental is a pretax item that does not count as an expense post net take home. 401k shouldn’t either. Lol at paying for life and disability insurance. Most companies have free basic life and disability insurance (like $50k policy) and lol at scam of paying for more than that.
Basically you live the lifestyle of making $300-350k at $500k, $600k, and even $700k and you end up saving all your money. Keep your ikea furniture and 5 year old phones/laptops.
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Date: October 25th, 2017 11:32 AM Author: jet-lagged scarlet university Your bump of nanny to $4k/month swallows this difference anyway.
The only thing I took out initially was taxes.
LOL @ needing to have old tech and shitty IKEA furniture on $500k/year. |
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Date: October 25th, 2017 12:25 PM Author: 180 bawdyhouse Lol at you being a MFE.
$25k net would be after 401k withholding. Your fed effective tax rate at $500k with mortgage interest deduction and state tax deduction ends up at only around 25%.
Nanny costs go up but I’d adjust down at least 4-5 categories you have that shaves off a lot more than $2k/mo.
And yes, we still have ikea furniture and old tech and we spend $1000/year on clothes. |
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Date: October 25th, 2017 11:43 AM Author: Cordovan institution Describe that $2k/month tech spending in detail. (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34525077) |
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Date: October 25th, 2017 11:56 AM Author: jet-lagged scarlet university Since everyone is complaining about this, I included student loans of $700/month and lowered that to $1300. Figure $300/month is internet/cable + cell phone.
Otherwise, I'm assuming top tier phones and computers for everyone. |
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Date: October 25th, 2017 12:00 PM Author: Stimulating Lime Chapel $700/mo for a phone and computer. Do you get them at Rent A Center?
Also LJL @ paying for cable. Biggest waste of money. |
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Date: October 25th, 2017 12:04 PM Author: jet-lagged scarlet university I'm assuming 4 people. (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34525240) |
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Date: October 25th, 2017 12:02 PM Author: Cordovan institution DESCRIBE your $12k/year technology purchases. (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34525224) |
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Date: October 25th, 2017 12:05 PM Author: soggy theater stage legend baby's first server farm (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34525243) |
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Date: October 25th, 2017 12:13 PM Author: jet-lagged scarlet university Look, the most important thing you can do for kids these days is to raise them to be tech-savvy. (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34525295) |
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Date: October 25th, 2017 12:14 PM Author: Stimulating Lime Chapel *kid clicks on youtube videos all day*
OH WHAT A TECH GURU! |
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Date: October 25th, 2017 12:29 PM Author: 180 bawdyhouse Actually the most important thing you can do for kids is to limit screen time and make sure they run around outside and not be zombies in front of a device. And the device should be a hand me down from parents.
But maybe your goal is to raise weird Russian autists. |
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Date: October 25th, 2017 12:07 PM Author: jet-lagged scarlet university TVs, speakers, 4 phones, 5 laptops (including 1 or more gaming laptops), software, video games, drones, various IoT stuff, smart watches, etc. (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34525260) |
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Date: October 25th, 2017 12:16 PM Author: Cordovan institution And then again next year.
And the year after that.
Forever. |
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Date: October 25th, 2017 12:19 PM Author: jet-lagged scarlet university Well yeah. Technology evolves rapidly! (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34525324) |
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Date: October 25th, 2017 12:19 PM Author: stirring lodge That's just your normal barely middle class lifestyle everyone (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34525323) |
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Date: October 25th, 2017 1:43 PM Author: jet-lagged scarlet university Never said it was "barely" (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34525892) |
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Date: October 25th, 2017 9:54 AM Author: Titillating milk hall (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524313) |
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Date: October 25th, 2017 10:07 AM Author: cocky multi-colored lay (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524397) |
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Date: October 25th, 2017 10:20 AM Author: brindle marvelous public bath I loled for realz at the $4K drugs and alcohol line of the budget (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524493) |
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Date: October 25th, 2017 10:45 AM Author: burgundy mad-dog skullcap theater To be fair, the $4k drug and alcohol budget is what makes the $1k poasting insurance premium so high. (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524688) |
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Date: October 25th, 2017 10:46 AM Author: brindle marvelous public bath 180 (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524691) |
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Date: October 25th, 2017 11:37 AM Author: gaped chestnut spot police squad what fucking gym is $1000 a month? (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34525039) |
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Date: October 25th, 2017 11:46 AM Author: Cordovan institution You think those stim boys are free? (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34525094) |
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Date: October 25th, 2017 11:50 AM Author: jet-lagged scarlet university Equinox membership for both parents and the kids and au pair too! (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34525125) |
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Date: October 25th, 2017 12:32 PM Author: burgundy mad-dog skullcap theater You're questioning the line item for Pounder's Place but not the line item for Poaster Insurance? (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34525382) |
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Date: October 25th, 2017 2:50 PM Author: gaped chestnut spot police squad no, that was understood (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34526377) |
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Date: October 25th, 2017 11:40 AM Author: Navy Pungent School Mad Cow Disease no student loans? (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34525062) |
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Date: October 25th, 2017 11:53 AM Author: jet-lagged scarlet university Good point. (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34525141) |
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Date: October 25th, 2017 11:55 AM Author: Aphrodisiac salmon locale Hmmm... tell me more about poasting insurance... (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34525169) |
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Date: October 25th, 2017 7:21 PM Author: appetizing cruise ship marketing idea whoa who's your poastal insurance carrier that's a great rate (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34528231) |
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Date: October 25th, 2017 9:18 AM Author: odious red home (soulless-bugman coastal dweller) (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524100) |
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Date: October 25th, 2017 9:20 AM Author: Adventurous Offensive Generalized Bond move then faggot lol @ paying 4k a month to live in a cardboard box in the bay area with a 3 hr commute |
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Date: October 25th, 2017 9:46 AM Author: plum dingle berry antidepressant drug no jobs anywhere else (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524258) |
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Date: October 25th, 2017 9:57 AM Author: Excitant menage fortuitous meteor Clip this out.
Look at it in five years. |
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Date: October 25th, 2017 10:32 AM Author: odious red home He's a small souled bugman. He has to live in his bug hive apartment, bug hive cubicle, and subsist off of soy and other processed bugman food. |
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Date: October 25th, 2017 9:40 AM Author: Swashbuckling Deranged Resort Useless Brakes Even if you're pulling in ~$1M a year you're still basically white trash. (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524219) |
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Date: October 25th, 2017 10:19 AM Author: Stimulating Lime Chapel truth.
there are only 3 classes in this country: shiftless welfare/disability trash, labor, and owners. |
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Date: October 25th, 2017 11:38 AM Author: Swashbuckling Deranged Resort Useless Brakes (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34525046) |
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Date: October 25th, 2017 10:26 AM Author: Excitant menage fortuitous meteor Can someone summarize this thread? I can't be arsed to read it. (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524541) |
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Date: October 25th, 2017 10:28 AM Author: demanding azure national weed whacker TMF is complaining that the 500k he doesn't make and never will is not enough to cover him and mandy (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524560) |
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Date: October 25th, 2017 10:30 AM Author: Excitant menage fortuitous meteor Thanks. Going to stay out of this one.... (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524575) |
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Date: October 25th, 2017 10:31 AM Author: jet-lagged scarlet university I never actually said it isn't enough. I said it isn't rich. (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524590) |
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Date: October 25th, 2017 10:48 AM Author: Disturbing halford (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524716) |
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Date: October 25th, 2017 6:03 PM Author: galvanic parlor (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34527729) |
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Date: October 26th, 2017 3:14 PM Author: Swashbuckling Deranged Resort Useless Brakes (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34535109) |
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Date: October 25th, 2017 10:30 AM Author: brindle marvelous public bath $500k/year = $25k/month = unlivable based upon *this* kind of budget ...
... TEEHEE food & alcohol & drugs & towel service upgrades are expensive AF because life makes us consume to distract from ARE reality, anxiety, depression, etc.
http://xoxohth.com/thread.php?thread_id=3774063&forum_id=2#34524015 |
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Date: October 25th, 2017 10:27 AM Author: Territorial pit cr that's practically welfare. you need at least $2mm/yr to be middle class (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524551) |
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Date: October 25th, 2017 10:30 AM Author: soggy theater stage legend enjoy being forced to helicopter commute into the city from Morristown every day, because you'll never be able to afford MFH, faggot!
http://www.flyblade.com/ |
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Date: October 25th, 2017 10:49 AM Author: Disturbing halford cr, 500k is basically poverty in a coastal city. lol @ people being outraged itt because they are maeking it on 200k in flyover, and lol @ tmf sprinting to thsi thread to provide his dream 500k budget (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34524720) |
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Date: October 25th, 2017 11:45 AM Author: plum dingle berry antidepressant drug ta,oc,tclols (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34525092) |
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Date: October 25th, 2017 11:44 AM Author: crystalline piazza knife You people are all fucking retarded. $500K is rich. That is all. There's no debate whatsoever. |
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Date: October 25th, 2017 11:50 AM Author: Stimulating Lime Chapel No amount of income is rich. Only wealth makes you rich.
$500k is very comfortable anywhere in the US and you should punch anyone in the face if they say otherwise. |
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Date: October 25th, 2017 11:55 AM Author: slippery feces This is a good point between wealth and income.
The key is to convert your active income into passive income. |
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Date: October 25th, 2017 12:03 PM Author: crystalline piazza knife No. This wealth vs income argument is an old and tired one, but by the time you're making $500k you are definitely rich, even if you haven't yet accumulated many assets. $500k income is the freedom to live comfortably in nearly any place on earth, you will save for retirement, take quality vacations, afford nannies, nice vehicles, a nice home or luxury building, have good health care and insurance, and never want for anything. You are rich, even if you never save a dime. The lifestyle you can carry indefinitely is an affluent one. (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34525234) |
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Date: October 25th, 2017 12:13 PM Author: Stimulating Lime Chapel Only if your salary carries indefinitely. Many people who make that much have a hard time sustaining it. There are very few stable careers where you're guaranteed $500k+ income for life, maybe a surgeon. Living rich because you had a decent salary for a couple years is hoodrat behavior.
Look at all the lawyers on here who used to be pulling 300-400 getting pushed out and going in-house for 150. Were they rich? No. They could rent a nice life for a few years if they spent all their money with no savings.
All that matters is wealth. |
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Date: October 25th, 2017 12:20 PM Author: crystalline piazza knife That's a myopic view of what it means to be rich, because even diligently accumulated assets can be lost. "Rich" is the lifestyle you can afford. Accumulated wealth is one of two measures by which a person can be rich. The other is income/liquidity (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34525332) |
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Date: October 25th, 2017 12:27 PM Author: Stimulating Lime Chapel *misplaces $10 million dollars* (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34525360) |
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Date: October 25th, 2017 12:32 PM Author: crystalline piazza knife The simple point is that one need not always be rich. Some people are born rich and grow poor; others the opposite. Some are rich for just a few years. It doesn't matter. Someone making $500k is at this present time rich. (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34525383) |
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Date: October 25th, 2017 12:38 PM Author: Stimulating Lime Chapel (Wise Latina confusing velocity for position) (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34525424) |
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Date: October 25th, 2017 6:58 PM Author: aromatic trailer park mediation future time orientation. (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34528108) |
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Date: October 25th, 2017 2:51 PM Author: plum dingle berry antidepressant drug bullshit. my household income is more than $500k and if you followed me around for a week, saw my home, saw how i live, you'd think i was some middle middle class wage slave SCHMUCK because that's exactly what i am (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34526386) |
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Date: October 25th, 2017 11:49 AM Author: Navy Pungent School Mad Cow Disease wife and i make 550k a year and we easily save 100k a year.
Monthly Mortgage tax and insurance 4k cars 1700 (includes a newish audis S7 and brand new Q7) self employment 401k 4800 company 401k 1200 Childcare 1600 allowance 2k (1k each) personal chef 1500 groceries 400 2 10k vacations a year 2 shopping trips a year |
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Date: October 25th, 2017 11:50 AM Author: Disturbing halford "Mortgage tax and insurance 4k"
i dont think this thread applies to flyover residents |
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Date: October 25th, 2017 12:34 PM Author: Navy Pungent School Mad Cow Disease Live in the beltway of DC gaywad (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34525397) |
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Date: October 25th, 2017 11:55 AM Author: boyish saffron set lmao good god (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34525163) |
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Date: October 25th, 2017 11:56 AM Author: misunderstood heaven LOL what fucking shit backwater are you living in where mortgage tax and insurance are $4k, childcare is $1,600, and a chef is $1,500? Must be Houston, right? (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34525175) |
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Date: October 25th, 2017 12:35 PM Author: Navy Pungent School Mad Cow Disease my house was 700k (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34525401) |
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Date: October 25th, 2017 11:58 AM Author: slippery feces Who lets these goddamn Boomers poast here? (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34525195) |
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Date: October 25th, 2017 11:54 AM Author: misunderstood heaven This thread is dumb, but $500k HHI is probably the minimum you need to have a remotely UMC life in MFH.
Assuming you max out your 401ks, that is roughly $19k per month in take home. I know because I have made this amount living in MFH.
$6k for a nice 2br with doorman a reasonable distance from work. (Average 2BR on UWS is $5,800 these days. https://www.rentcafe.com/average-rent-market-trends/us/ny/manhattan/. Realistically, the best you can do on this is probably 4.5k if you are willing to live in a walkup, which is a pain with a baby.
$2k for food, utilities, house cleaning, cell phone bills, dry cleaning, etc. for family of 3.
$4k for daycare, after care, baby sitter, and "classes" for kid/going to other kids birthday parties.
$1k per month (annualized) for travel and vacation expenses (grandparents need to see kid, etc.)
$1.5k per month (annualized) everything else - birthday/wedding gifts, clothes, haircuts, gym membership/hobby, etc.
So you are basically saving $4.5k per month/$54k per year. An apartment that could comfortably accommodate a family of 4 (don't you want to have another?!) below 110th street is $1.75-$2M, requiring a $350,000-400,000 cash downpayment, with 2 years' mortgage and maintenance in liquid assets remaining. (So, another $150-200k liquid.) Assuming you are starting from scratch, it would take you like 8 years to get there.
Private school - a defining characteristic of the UMC in other areas - is a definite no at $50k per year. http://www.trinityschoolnyc.org/page/admissions/tuition--financial-aid. You can barely afford to have the two kids and a nanny on $500k while building some cash savings. |
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Date: October 25th, 2017 11:56 AM Author: Excitant menage fortuitous meteor Taxes Debt service
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Date: October 25th, 2017 11:56 AM Author: Excitant menage fortuitous meteor Taxes Debt service
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Date: October 25th, 2017 11:56 AM Author: boyish saffron set you guys are fucking delusional (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34525176) |
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Date: October 25th, 2017 11:59 AM Author: misunderstood heaven What part am I wrong or deluded about?
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Date: October 25th, 2017 12:01 PM Author: jet-lagged scarlet university ? (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34525217) |
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Date: October 25th, 2017 11:58 AM Author: Stimulating Lime Chapel Living in the city is a status symbol. Of course it's expensive.
Swap MFH for some CT/NY/NJ suburb, then you have no need to spend a couple mil on your place unless you want a huge one, and public schools are fine. Millions of people live like this no problem. |
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Date: October 25th, 2017 12:01 PM Author: Cerise sexy people who are hurt gas station most of those suburbs are running 1M+ house, 20K property tax, except for parts of NJ. It's more doable if it's a 1 real job (where you have to go into work) household with kid though because of the commute. (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34525214) |
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Date: October 25th, 2017 12:06 PM Author: Stimulating Lime Chapel What makes you think people like that actually want to see their kids in the first place? Kids are also a status symbol for that crowd. Childcare is completely outsourced even for SAHMs.
If family time were a priority, they'd be teaching public school in flyover country. |
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Date: October 25th, 2017 12:07 PM Author: Cerise sexy people who are hurt gas station People I know in those areas (boomers and GenX from work) are 1 job households. A dual job household would be better off in NYC (and being more efficient with space, stuff). You'd lose too much combined time commuting from Greenwich, Westchester county, etc. (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34525258) |
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Date: October 25th, 2017 12:06 PM Author: misunderstood heaven TCR also. https://www.elliman.com/westchester/18-carthage-lane-scarsdale-gvkpcap
That is what you get in Scarsdale for $1.4 M, and you'll pay $27,228 in property taxes per year. ($2,269 per month!) |
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Date: October 25th, 2017 12:08 PM Author: jet-lagged scarlet university Omg, you people are delusional, why don't you just rent in a drug den in S. Bronx or do a 2 hour commute??? (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34525266) |
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Date: October 25th, 2017 12:01 PM Author: misunderstood heaven No one is disputing that you retard. The point is if you want to live in MFH and not spend your life in commuter hell, you will be barely UMC at $500k with a kid. All of your money will go into childcare and paying rent/mortgage so you can be home to spend time with the child (rather than 2-3 hours per day in some sardine can). (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34525221) |
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Date: October 25th, 2017 12:05 PM Author: jet-lagged scarlet university (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34525249) |
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Date: October 25th, 2017 12:28 PM Author: Stimulating Lime Chapel You're so aggressively stupid it hurts. (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34525362) |
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Date: October 25th, 2017 12:33 PM Author: stirring lodge 180 (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34525391) |
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Date: October 25th, 2017 2:54 PM Author: plum dingle berry antidepressant drug yeah because when i think UMC i definitely think spending three fucking hours per day crammed into decaying public transportation! (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34526429) |
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Date: October 25th, 2017 12:33 PM Author: stirring lodge How come the "value" of living in MFH is never discussed in these budgets? You don't just get a 2 BR condo for $6k but you are getting a 2 BR in MFH. You can't whine about what little you get for that $6k compared to other places and then leave out that you are also purchasing a status symbol and the actual utility of living in the city.
That utility needs to be included in what you are buying with your mortgage etc. You can't leave it out when defining UMC and comparing yourself to flyover. |
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Date: October 25th, 2017 12:47 PM Author: Excitant menage fortuitous meteor Good point, should tax the disutility of being in fraudland. (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34525488) |
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Date: October 25th, 2017 7:06 PM Author: cowardly embarrassed to the bone new version box office CR (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34528155) |
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Date: October 25th, 2017 12:44 PM Author: demanding azure national weed whacker This entire thread and everyone in it should be gassed (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34525473) |
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Date: October 25th, 2017 1:43 PM Author: jet-lagged scarlet university You're ITT (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34525895) |
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Date: October 25th, 2017 5:16 PM Author: slippery feces Gas gas gas (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34527387) |
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Date: October 25th, 2017 2:48 PM Author: Territorial pit these threads consistently deliver pure unbridled striver rage. it's 180 (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34526351) |
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Date: October 25th, 2017 5:13 PM Author: underhanded supple stag film deer antler The Meanest Fish is counting his fucking corporate benefits and probably some retard 'junior options' plan when he computes his income, LOL. Nobody at his company doing what he does is making more than $175K cash comp and that's all in with bonus, high-end. Base salaries for in-house top out mid 150s and the structure there is notoriously flat because of the extremely high turnover. (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34527355) |
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Date: October 25th, 2017 6:52 PM Author: Trip Zombie-like Step-uncle's House (Harrison Barnes the poaster, typing with one hand and cutting up lines with the other) (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34528069) |
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Date: October 25th, 2017 7:49 PM Author: misunderstood heaven (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34528368) |
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Date: October 25th, 2017 7:51 PM Author: jet-lagged scarlet university I'm not and you're totally wrong. (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34528383) |
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Date: October 25th, 2017 8:11 PM Author: Laughsome stubborn party of the first part i'm in-house, junior to TMF and i'm getting $200k base/50% bonus (my group has already made its numbers for the year) in a secondary city. i know non-amazon in-house ppl whose comp matched biglaw. there's a lot of generic in-house but there are also much higher value positions requiring specific skill sets. (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34528488) |
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Date: October 26th, 2017 11:10 AM Author: Crawly cuck old irish cottage https://www.glassdoor.com/Salary/AT-and-T-Senior-Attorney-Salaries-E613_D_KO9,24.htm
that's peer company that is known to have better compensation and there's no way TMF has a higher level position than "senior attorney." |
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Date: October 25th, 2017 7:17 PM Author: Lilac useless locus associate lol at this fucking thread, callow materialism with no self-awareness. you guys need a rich internal life or something. (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34528207) |
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Date: October 25th, 2017 7:20 PM Author: buff bespoke location community account These faggots need a tire full of gasoline around their neck and a cigarette (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34528220) |
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Date: October 25th, 2017 7:27 PM Author: Insecure pale garrison (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34528260) |
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Date: October 25th, 2017 7:57 PM Author: misunderstood heaven The arm flapping autists in this thread complaining about strivers and shit don't understand what it used to mean to be UMC. It meant working a respected professional job, putting 2-3 kids through private schooling without them incurring debt, maybe owning a modest vacation home, retiring in your mid 60s, and never really worrying about money (though never flying first class, owning a Bentley, or being a member at Winged Foot). You are not living this lifestyle in MFH on $500k of HHI working biglaw hours (i.e., where you have to pay for childcare and other conveniences).
If you don't believe me look at the of counsel at your MFH biglaw firms. How many of them are raising kids in MFH? Zero. You'd be lucky if you could find one that even lives in the 5 boroughs. |
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Date: October 25th, 2017 8:12 PM Author: Laughsome stubborn party of the first part (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34528490) |
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Date: October 26th, 2017 3:12 PM Author: aggressive glittery personal credit line forum (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34535085) |
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Date: October 25th, 2017 8:43 PM Author: plum dingle berry antidepressant drug great thread (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34528722) |
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Date: October 25th, 2017 8:58 PM Author: high-end elastic band den Ljl @ the level of (((GC))) in this thread (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34528864) |
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Date: November 9th, 2017 6:29 PM Author: Disturbing halford (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#34646497) |
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Date: February 22nd, 2018 1:13 PM Author: Disturbing halford (http://www.autoadmit.com/thread.php?thread_id=3774063&forum_id=2#35461238) |