$100,000 income: No big deal anymore (Article)

[JattStyling]

its called money management

if you cant do it

nothing will be enough

[EricEst1978]

didn't read the 9 pages of responses so this message may be brought to you by the department of redundancy department:

I make right at 100k, and the quality of life here in Dallas (Allen) vs. that of So Cal (where I relocated from) is exponentially diferent. where you are geographically makes an enormous impact on how far your dollar goes, and out here--although I am not CEO'ing it-- I am very comfortable and I don't really want for anything.

just my $.02

[PrimusPalus]

Mind=Blown. Let me guess, you eat out basically every meal at places that cost 10-20 dollars+, the food you do cook at home is steaks etc, you have a mortgage on a 250k+ house and 35k+ car, you have unlimited everything on a smartphone.

No on all of that actually. Meals, no. Steaks, I wish. Mortgage less than 200K, car less than 28K, second to lowest plan on phone. But I'm going to venture to guess since you tried for me... you don't own a home, you aren't making car payments, you don't have two kids, you aren't married. I'm guessing I'm close. Considering you claim 35K a year.

[featherweight11]

If you know anything about investing or something like that a 100k income can def help you...

[guest89]

I make just over $100,000.00/yr and I agree 100% with this article. I'm not struggling, but I'm not as well off as most people who know what I make think I am. Between taxes, insurance, and my mortgage a lot of it is gone quick.

But you still have a sh!tload more then the FAMILIES who live off of 25-35K a year.



I always lol when people act like 100K is poverty class. Then complain that they spend it all, have to worry about bills, etc.

Yet in the same breath they talk about the house and car notes, etc. These same people usually have big screen tv, smartphone, high speed internet, etc.



The bottom line is your income and quality of life is all relevant. The family who is surviving on 35K a year will be complaining about bills, and the family living on 235K a year will be complaining about bills too. The problem for most people isn't income, its learning how to manage their money/ live within their means.

[MikeCellucor]

I dont have to pay state income tax in Tx. That was a nice little change from NJ. Especially, the 30% reduction in cost of living.

[suave2000]

Money can't buy happiness, the more you have the more you spend. No hippie or anything but we need to have higher and more transcendent goals in life than to get a bigger paycheck.

[Huke]

Money can't buy happiness, the more you have the more you spend. No hippie or anything but we need to have higher and more transcendent goals in life than to get a bigger paycheck.

Some people can't put food on the table and struggle to keep a roof over their head. Others lose it all trying to keep a sick family member alive, only to watch them die anyway when the money runs out. You should go and remind them of how happy they really are and how they should have higher goals in life. Money won't make them happier, after all.

[EnforcerOTF]

I have friends that make over 400k and they're still not liberal in their spending. Expenses add up fast.

[suave2000]

Some people can't put food on the table and struggle to keep a roof over their head. Others lose it all trying to keep a sick family member alive, only to watch them die anyway when the money runs out. You should go and remind them of how happy they really are and how they should have higher goals in life. Money won't make them happier, after all.

and?

Life is mostly suffering, rich and poor people suffer equally. What else is there when you have everything, or when you have nothing? We'll leave this world carrying nothing, we'll all be forgotten and replaced, no emo or anything but i want other things in life rather than squeezing my paycheck to get the new camry that has 10 more hp than the one i own, or the new iphone 5.604939 tha has a billion more pixels than the previous version.

i wan't to breake the cycle, still haven't but i'm sure i will someday and no it doesn't mean that i'll go live in a forest like a dirty hippe.

Ps. i don't own a camry or an iphone, it was just an example

[saugus]

I have friends that make over 400k and they're still not liberal in their spending. Expenses add up fast.

just go to any politicians house brah

gotta send your kids to good schools
gotta live in a mcmansion
gotta have landscaping company take care of your yard weekly
etc etc

[KloWnZ]

going to be ~110k in debt after grad school... scares the sheet out of me. my entry pay should be between 85k-100k and for sure 100k within ~3years of working. but that debt... feel like im going to be on poverty time for a while

[magog704]

[OnceAKai]

Thats why you have to be smart about where you live..

In NC 300K$ will get you a mansion in most places. and they are VERY nice places to live.

[Darkwatcher759]

I make 16k a year, if 100k isnt enough for you then tighten up, fat cat

[BadaBingBdaBoom]

If my parents made collectively what they do here in the South, we'd be living like kings.


But we live in New Jersey so 100k+ really isn't too much.

[0680496]

just to be on the same page, when you guys talk about salaries do you guys mean after tax or before tax? because there can be a huge difference between the two. i can make 50k a year before tax but end up getting 30k after tax.

[pumplikecuming]

100k in Texas is still pretty good. Housing is cheap, the bitches are hot, and business booms.

[kennny d]

I make between 100-200k and am living extremely comfortably (financial sector nyc)

[gpg_prodigy]

this thread srs? 100k goodluck in nyc or la

u would still be living comfortably in those areas

[belmont316]

this. people are fukkin idiots. they have no concept of what the word "need" means.

your average person is a total weak pussy bleeder.

give me 100K for 7 years, and i could literally never work another day.

brb living in a 1 bedroom studio for 1-3k a month, brb eating poverty meals, brb buying a used car outright, brb low insurance

i can easily survive on 1500 a month, hell, i could live comfortably with that

[Domxmb]

going to be ~110k in debt after grad school... scares the sheet out of me. my entry pay should be between 85k-100k and for sure 100k within ~3years of working. but that debt... feel like im going to be on poverty time for a while

this lol. I'll be in debt 200k earning 150k or in debt 500k earning 250k-350k after a few years.

[dixon]

phone bill as in cell. Mine is $86 and I just got the cheapest i could with data plan.

Really? I pay zero per month. Use wifi. Its illegal to drive while you're on the phone anyway. lol $1100 per year is the cheapest option for you? I'll book a flight to Manila with that money, that stops over in Beijing for a couple months.

Canadians: http://thekidd.ca/blog/tech/speakout...lan-on-android $10 for Unlimited Data on a prepaid.

[PrimusPalus]

Money can't buy happiness, the more you have the more you spend. No hippie or anything but we need to have higher and more transcendent goals in life than to get a bigger paycheck.

It may not buy happiness... but I'd sure like to try with an endless supply.

[dixon]

450 minutes
500 texts
unlimited data (think thats standard though)

ppl still text and call when they have data????

[magog704]

Canadians: http://thekidd.ca/blog/tech/speakout...lan-on-android $10 for Unlimited Data on a prepaid.

[dixon]

I ****ing hate people who say money doesn't equal happiness yet these dumb ****s would say freedom equals happiness.. Money is freedom. Make **** loads of money then the rest of your life is yours to do whatever the hell you want.

Well, you don't need a million dollars to do nothing, man. Take a look at my cousin: he's broke, don't do ****.


brb gotta earn 100k per year so I can do what I want: work out and hang out at the beach.

oh wait i do that already for free

[dixon]

Article is spot on, Wife and I make over $200k combined and living in NY we don't feel rich in the slightest. In fact, if we can save $10k in any given year then its a success.

If you think it's BS, remember that we face typical expenses here like:

- $3,500 mortgage ($1k property taxes)
- $2,000 daycare for 2 kids
- $1,000 for cars and insurance

That $6,500 doesn't take into account oil heating bills, electric, water, commute costs, food, kids stuff, etc... which eats away at about another $4k a month.

I know several people making just as much and have the same expenses. It's all about how much you save and a good example of that is my single friend who is living with his parents making $50k a year and he saves so much more than me that he just straight out bought a new BMW.

Ideally I'd like to have several kids in order to outsource the raising of them to a daycare and public school, and spend my time at work. saying hi to them when im tired in the evening is why i want the kids

i also want to pay thousands and thousands of dollars in expenses every month for the pleasure of going to work in new york.

[Turbomunkey]

Dad never made over 100k, stay at home mom, yet we have a house multiple cars a fishing boat etc etc and he raised 3 boys

[SiZzLaX]

I make just over $100,000.00/yr and I agree 100% with this article. I'm not struggling, but I'm not as well off as most people who know what I make think I am. Between taxes, insurance, and my mortgage a lot of it is gone quick.

unless you live in NYC or are in way over your head on the size of house you own.. i don't see this being possible.