LOL @ making $100k

[DatTrolololsong]

I make about 80k and so does my wife. I could live anywhere in the world on $100k comfortably. $100k isn't filthy rich?!?!!


Youdontsay.jpeg

[Gorillajewshead]

I've made 106k so far this year, and it really isn't much. i'm single with no kids, i get taxed up the ass, i live in the central coast part of CA. I'm not struggling financially and i have no debt but it's still tuff to get ahead. I would say 200k a year would have me living comfortably

[jwarrenfit]

I'll hit 100k this month and feel very comfortable with my life! no kids, nice car not outta control (2013 g37 low miles), living in one of the top 5 most expensive places in the USA. (renting tho not owning a home, that would take a few more years if i wanted to own here)

100k now isnt what 100k was when i was a kid of course. but its still very possible to live comfortably anywhere in the USA just not lavishly unless your in some shi-t hole of a town

[FakeHistory]

Agreed, I make ~$300k a year and it honestly isn't a huge amount after taxes and everything.

Feel pretty bad for poverty brahs above me on anything less than $200k, idk maybe a life of simplicity isn't such a bad thing though.

[Fahnestock]

I honestly don't know why anyone would want to live on less than 8 figures. How the fuk do you afford mansions, rare artwork, luxury cars, private islands, yachts on such a pittance? Even on a million you'd be hard pressed to hire a staff to run a 30k sqft mansion and have enough leftover to provide an adequate lifestyle.

[drawmeup]

just lol if you dont live in you car saving every dime

[SystemTrend]

It's seriously not enough money, it really isn't

BRB new homes in good area $450k+

This depends where you live.

[CommonPheasant]

If you can't afford to live someplace. Move.

[Shredthetics]

It's seriously not enough money, it really isn't

BRB new homes in good area $450k+
BRB wife will still have to work
BRB can't afford new sports car over $35k
BRB still taxed up the angus with not enough money to hire good CPA/Attorney for loopholes
BRB don't even get me started about brehs living in Cali/New York
BRB student loans
BRB struggling to get by

$200k is the new $100k, it really is, dead serious here

In B 4 poverty responses

lmfao.
Try 700K for a small 50 year old place.

SoCal feels...

[brent89]

I honestly agree. Where I'm at a house in the ghetto is 500k. How can anyone afford anything on 40-50k a year?

[DrFeeIGood]

I'll hit 100k this month and feel very comfortable with my life! no kids, nice car not outta control (2013 g37 low miles), living in one of the top 5 most expensive places in the USA. (renting tho not owning a home, that would take a few more years if i wanted to own here)

100k now isnt what 100k was when i was a kid of course. but its still very possible to live comfortably anywhere in the USA just not lavishly unless your in some shi-t hole of a town

100k a year from personal training brah?

[Gizzyhardcore]

It's seriously not enough money, it really isn't

BRB new homes in good area $450k+
BRB wife will still have to work
BRB can't afford new sports car over $35k
BRB still taxed up the angus with not enough money to hire good CPA/Attorney for loopholes
BRB don't even get me started about brehs living in Cali/New York
BRB student loans
BRB struggling to get by

$200k is the new $100k, it really is, dead serious here

In B 4 poverty responses

depends on your situation

I earn about 90k from my 9-5

But I have a mortgage free home
stock portfolio
additional rental property
no kids

100% of my 9-5 income is my discretionary spending

I probably have more discretionary spending than a $500k ceo with sizeable mortgage, kids, wife, no other income etc

[Godfrd824]

Can't get more poverty than having no AVI.

[jujuB]

IMO the only two places worth that money is NYC and Cali.

but even 200k won't get you much.

there are apartments with $5-6k in rent every month by itself.

you'd have to pull in close to 400k, to be able to afford that to be honest. lol

[wolfhere]

OP, I make way more than you can imagine (Not), and you sound like a mediocre person

[gearze2]

lol @cars

The future is here bruh what do you need car for?

Groceries? order online
Shopping? order online
Hangout? take uber
Meetup? take uber
Go visit relatives? rent car

Lol @srs investing $30,000 that would depreciate the moment you signed the paper

just lol self driving car and drones are coming

[Wicke1aj]

And here I sit working three jobs to just make ends meet...hot damn. Four year degree didn't do jack for me...yippee.

[Gorillajewshead]

lmfao.
Try 700K for a small 50 year old place.

SoCal feels...

I know dem feels bruh

[jwarrenfit]

100k a year from personal training brah?

Yessir. Now that I have some passive income coming in I expect to be at 115 by end of year. Tons of write offs and lots of cash under table means I dont get raped on taxes

[DrFeeIGood]

IMO the only two places worth that money is NYC and Cali.

but even 200k won't get you much.

there are apartments with $5-6k in rent every month by itself.

you'd have to pull in close to 400k, to be able to afford that to be honest. lol

exactly

[IH8RICE]

Location: Ohio
Posts: 16,000

We are talking about GOOD places to live, not that dump of a state

Aren't you like 40 dude? LOL

Negged

[EvertonFC2010]

when will it be mine turn?

[Hemunit]

Here a $100k/year income will net you almost $6k/month. A $450k mortgage is around $2k/month w/ 25-year amortization, which is within the 30% guideline.

What's eating up the other $4k?

Finance brah about to wreck you OP

[WriteOrDie]

Congrats OP on buying hook, line and sinker into all of the things society tells you you should strive for. They've got you by the balls.

Define your own values. You can either look at money as a means to providing your ideal lifestyle. Or you can look at your ideal lifestyle as a means to making money.

Have fun with the rat race. I'm pretty damn happy sitting at around 20k a year (for now). I'm not going to lie and pretend like more money wouldn't be nice sometimes, but that's coming--and I'd rather be poor forever on my own terms than 'successful' just because I did things just like everyone else to get the things everyone else feels like they should want.

[Hardlifter9]

If you want reasonable financial freedom it'll take 400k in an area with average cost of living and moderate taxes. Though 200k could get you a decent quality of life too.

[DrFeeIGood]

If you want reasonable financial freedom it'll take 400k in an area with average cost of living and moderate taxes. Though 200k could get you a decent quality of life too.

Yes $200k can, $100k cant. Look I'm not saying that $100k is not good or a great achievement, what I'm saying is it really doesn't buy you much these days, thats the hard truth that many dont want to swallow

[leafs43]

Live in a place with high taxes you're just asking to not get ahead.

[LaCosaNostra90]

Here a $100k/year income will net you almost $6k/month. A $450k mortgage is around $2k/month w/ 25-year amortization, which is within the 30% guideline.

What's eating up the other $4k?

Well for starters, since we are both in Alberta, 450k will get you a mediocre starter home that needs some serious TLC. It could get you a nice 1 bedroom condo though.
However, car payments, car insurance, property tax, food/living expenses, cable, internet, cell bill, investments, heating your home in winter etc etc. You are not left with much srs. I dont even own my own home (1300 rent for a 1 bedroom) and dont have a ton of cash to throw around (make over 100k). 200k is the new 100k.

[DrFeeIGood]

Well for starters, since we are both in Alberta, 450k will get you a mediocre starter home that needs some serious TLC. It could get you a nice 1 bedroom condo though.
However, car payments, car insurance, property tax, food/living expenses, cable, internet, cell bill, investments, heating your home in winter etc etc. You are not left with much srs. I dont even own my own home (1300 rent for a 1 bedroom) and dont have a ton of cash to throw around (make over 100k). 200k is the new 100k.

Bam.

and where in the FCK is Testifier when you need him.

Chime in anytime breh!

[StallionRx]

Live in a place with high taxes you're just asking to not get ahead.

This.

Well for starters, since we are both in Alberta, 450k will get you a mediocre starter home that needs some serious TLC. It could get you a nice 1 bedroom condo though.
However, car payments, car insurance, property tax, food/living expenses, cable, internet, cell bill, investments, heating your home in winter etc etc. You are not left with much srs. I dont even own my own home (1300 rent for a 1 bedroom) and dont have a ton of cash to throw around (make over 100k). 200k is the new 100k.

and this.

Life eats into the other half of that 4k very quickly.

Your not balling out on 100k.