Current Events > Childhood is thinking making $5,596 a month is a lot

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FLUFFYGERM
02/09/18 6:23:04 PM
#102:


Howl posted...
Romes187 posted...
Howl posted...
FLUFFYGERM posted...
Howl posted...
People saying 100k a year isn't rich are utterly delusional. That's more than 80 percent of people in the United States alone and probably more than 90 percent in the world. 100k a year is more than most people who have ever lived have or will ever make.


According to this logic, someone making $7 per hour is rich since most of the world makes like what, 50 cents per hour? What a stupid argument.


Yes they are actually. That's called logic. A person that makes significantly more money than another is rich in comparison to them.


Logic also involves looking at the CoL...


Even factoring for COL a person making 100k a year should still easily be able to save 1500 a month which is more than what 93% of the world's population earns not even accounting for their COL at all.


Saving 1500 a month does not make you rich at all.
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#103
Post #103 was unavailable or deleted.
El Mexicano Texano
02/09/18 6:31:04 PM
#104:


I heard the economy is terrible in other states here in Houston average rent for appartments is $600-$800 for a single bedroom. I know people who live out of $10 an hour and this isn't the ghetto side if town either. Ghetto area appartments cost about $300-$500

$645 rent with water included
$100 for 2 phones
$130 insurance
$120 light bill
$80 on diapers
$250 on food
$50 Internet
$40 Netflix/Hulu/WWE
$100 car gas
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Howl
02/09/18 6:38:43 PM
#105:


FLUFFYGERM posted...
Howl posted...
Romes187 posted...
Howl posted...
FLUFFYGERM posted...
Howl posted...
People saying 100k a year isn't rich are utterly delusional. That's more than 80 percent of people in the United States alone and probably more than 90 percent in the world. 100k a year is more than most people who have ever lived have or will ever make.


According to this logic, someone making $7 per hour is rich since most of the world makes like what, 50 cents per hour? What a stupid argument.


Yes they are actually. That's called logic. A person that makes significantly more money than another is rich in comparison to them.


Logic also involves looking at the CoL...


Even factoring for COL a person making 100k a year should still easily be able to save 1500 a month which is more than what 93% of the world's population earns not even accounting for their COL at all.


Saving 1500 a month does not make you rich at all.


Comparative to the 93% of the population of the world that only earns that much or less total, it absolutely does.
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CruelBuffalo
02/09/18 6:43:47 PM
#106:


Idk about rich, lol saving 18K a year isnt rich in areas like a California. But it is at least middle class and definitely not any lower
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meestermj
02/09/18 6:44:24 PM
#107:


There are places in the US where you can buy a 5 bedroom house on lakefront property for under $100,000.
Places where the average wage is less than $2,500/month and cost of living is low enough to accommodate that.

The fact that people don't understand that there are places where a single person earning $30,000 per year is upper middle class is astounding.
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Makeveli_lives
02/09/18 6:44:30 PM
#108:


dolomedes posted...
meestermj posted...
Privilege is thinking that isn't a lot....

this, goddamn

This. I make 2 grand a month after taxes and still live with my mom because student loans
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silentwing26x
02/09/18 6:44:37 PM
#109:


Howl posted...
FLUFFYGERM posted...
Howl posted...
Romes187 posted...
Howl posted...
FLUFFYGERM posted...
Howl posted...
People saying 100k a year isn't rich are utterly delusional. That's more than 80 percent of people in the United States alone and probably more than 90 percent in the world. 100k a year is more than most people who have ever lived have or will ever make.


According to this logic, someone making $7 per hour is rich since most of the world makes like what, 50 cents per hour? What a stupid argument.


Yes they are actually. That's called logic. A person that makes significantly more money than another is rich in comparison to them.


Logic also involves looking at the CoL...


Even factoring for COL a person making 100k a year should still easily be able to save 1500 a month which is more than what 93% of the world's population earns not even accounting for their COL at all.


Saving 1500 a month does not make you rich at all.


Comparative to the 93% of the population of the world that only earns that much or less total, it absolutely does.


That is a stupid measurement because it ignores other variables like cost of living. It is incomplete.
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Sativa_Rose
02/09/18 6:47:00 PM
#110:


silentwing26x posted...

That is a stupid measurement because it ignores other variables like cost of living. It is incomplete.


This is why you can look at things like median income adjusted for purchasing power parity (PPP) which is designed to adjust for those differences in cost of living
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COVxy
02/09/18 6:56:02 PM
#111:


For reference, in the united states, apparently there are only 8 counties where the median household income breaks 100k, that makes it 8/3143, or about a quarter of a percent of US counties where this type of income would be considered a central tendency.

Or, to put it another way, you are above the median household income in 99.75% of counties in the US, with that salary alone.
https://en.wikipedia.org/wiki/List_of_United_States_counties_by_per_capita_income

With 100k, you have to admit you are in a really well off, comparatively within the US, no matter where you are. Even if we don't break down the validity of the argument regarding looking at particular areas to pretend like the salary is low.
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FLUFFYGERM
02/09/18 6:59:42 PM
#112:


If you can sustain 100k for 10-15 years or more, you're definitely going to be well off.

It's because it gives you some bandwidth to develop a cushion, but it is not in itself the cushion. This nuance is extremely crucial because there are CEmen who literally think that landing a 100k job makes you rich. It does not, in any sense of the word "rich"

You can certainly thrive on 100k per year, even within the first year. But you'll likely have credit card debt or student loans to pay off, and you'll have some investing you'll need to do in order to have an emergency fund and any retirement fund. Maybe after the first three or four years is when you'll feel like you've made it.

At least that's how it is for me.
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COVxy
02/09/18 7:01:59 PM
#113:


FLUFFYGERM posted...
If you can sustain 100k for 10-15 years or more, you're definitely going to be well off.

It's because it gives you some bandwidth to develop a cushion, but it is not in itself the cushion. This nuance is extremely crucial because there are CEmen who literally think that landing a 100k job makes you rich. It does not, in any sense of the word "rich"

You can certainly thrive on 100k per year, even within the first year. But you'll likely have credit card debt or student loans to pay off, and you'll have some investing you'll need to do in order to have an emergency fund and any retirement fund. Maybe after the first three or four years is when you'll feel like you've made it.

At least that's how it is for me.


I mean, yes, that's how these things work. As we all learned from Monopoly.

Do you really think other people think that landing a 100k job means that you are instantly rich with no worries in the world, hopping on private plane flights to Fiji?
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KingCrabCake
02/09/18 7:03:30 PM
#114:


COVxy posted...
FLUFFYGERM posted...
If you can sustain 100k for 10-15 years or more, you're definitely going to be well off.

It's because it gives you some bandwidth to develop a cushion, but it is not in itself the cushion. This nuance is extremely crucial because there are CEmen who literally think that landing a 100k job makes you rich. It does not, in any sense of the word "rich"

You can certainly thrive on 100k per year, even within the first year. But you'll likely have credit card debt or student loans to pay off, and you'll have some investing you'll need to do in order to have an emergency fund and any retirement fund. Maybe after the first three or four years is when you'll feel like you've made it.

At least that's how it is for me.


I mean, yes, that's how these things work. As we all learned from Monopoly.

Do you really think other people think that landing a 100k job means that you are instantly rich with no worries in the world, hopping on private plane flights to Fiji?


You were just talking yday how 100k is wealthy and gets you a fancy apartment and a wait staff in Manhattan...wtf bro

@COVxy
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COVxy
02/09/18 7:04:08 PM
#115:


KingCrabCake posted...
You were just talking yday how 100k is wealthy and gets you a fancy apartment and a wait staff in Manhattan...wtf bro


I'm pretty sure I explicitly said the opposite.

Lol.

COVxy posted...
When you have a 100k salary, cost of living is pretty much negligible. You can live where ever you want comfortably.

No, you cannot buy a gigantic apartment in Manhattan in NYC and have your own wait staff. But that's deliberately missing the point.

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KingCrabCake
02/09/18 7:05:26 PM
#116:


Its also funny that i have @Howl tagged as "doesnt understand $" and then here he is in this topic.

100k a year is not rich. I wish it was tho
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Howl
02/09/18 7:07:25 PM
#117:


That is a stupid measurement because it ignores other variables like cost of living. It is incomplete.


COL is cost of living.
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Sayoria
02/09/18 7:08:08 PM
#118:


Anisoptera posted...
$1,400 for rent
$60-$80 a month for food
$140-$200 on water
$60-$100 on electric + gas
$100 on phone bill
$40-$100 on car gas
$130 for cable/internet/phone
$100 for Amazon Prime
$14 for Netflix


Cut those out of your life.
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KingCrabCake
02/09/18 7:08:58 PM
#119:


COVxy posted...
KingCrabCake posted...
You were just talking yday how 100k is wealthy and gets you a fancy apartment and a wait staff in Manhattan...wtf bro


I'm pretty sure I explicitly said the opposite.

Lol.

COVxy posted...
When you have a 100k salary, cost of living is pretty much negligible. You can live where ever you want comfortably.

No, you cannot buy a gigantic apartment in Manhattan in NYC and have your own wait staff. But that's deliberately missing the point.


Ah read that as a sarcastic post giving the stuff you were saying in that topic. My bad homie.
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FLUFFYGERM
02/09/18 7:23:03 PM
#120:


COVxy posted...
FLUFFYGERM posted...
If you can sustain 100k for 10-15 years or more, you're definitely going to be well off.

It's because it gives you some bandwidth to develop a cushion, but it is not in itself the cushion. This nuance is extremely crucial because there are CEmen who literally think that landing a 100k job makes you rich. It does not, in any sense of the word "rich"

You can certainly thrive on 100k per year, even within the first year. But you'll likely have credit card debt or student loans to pay off, and you'll have some investing you'll need to do in order to have an emergency fund and any retirement fund. Maybe after the first three or four years is when you'll feel like you've made it.

At least that's how it is for me.


I mean, yes, that's how these things work. As we all learned from Monopoly.

Do you really think other people think that landing a 100k job means that you are instantly rich with no worries in the world, hopping on private plane flights to Fiji?


There are literally CEmen here who believe that the moment you start getting 6k a month you're rich.
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COVxy
02/09/18 7:23:48 PM
#121:


FLUFFYGERM posted...
There are literally CEmen here who believe that the moment you start getting 6k a month you're rich.


I believe that you think there are, at least.
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emblem boy
02/09/18 7:27:11 PM
#122:


FLUFFYGERM posted...
If you can sustain 100k for 10-15 years or more, you're definitely going to be well off.

It's because it gives you some bandwidth to develop a cushion, but it is not in itself the cushion. This nuance is extremely crucial because there are CEmen who literally think that landing a 100k job makes you rich. It does not, in any sense of the word "rich"

You can certainly thrive on 100k per year, even within the first year. But you'll likely have credit card debt or student loans to pay off, and you'll have some investing you'll need to do in order to have an emergency fund and any retirement fund. Maybe after the first three or four years is when you'll feel like you've made it.

At least that's how it is for me.


Bro, like no shit. This topic is about making a certain amount a month. I don't see what nuance is needed to realize this is a consistent annual income we're all talking about
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KingCrabCake
02/09/18 7:28:32 PM
#123:


@Sayoria posted...
Anisoptera posted...
$1,400 for rent
$60-$80 a month for food
$140-$200 on water
$60-$100 on electric + gas
$100 on phone bill
$40-$100 on car gas
$130 for cable/internet/phone
$100 for Amazon Prime
$14 for Netflix


Cut those out of your life.


Why should someone cut stuff out of their life if it makes them happy
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FLUFFYGERM
02/09/18 7:30:22 PM
#124:


COVxy posted...
FLUFFYGERM posted...
There are literally CEmen here who believe that the moment you start getting 6k a month you're rich.


I believe that you think there are, at least.


So do you want to qualify your statement with more precision? You said "When you have a 100k salary, cost of living is pretty much negligible. You can live where ever you want comfortably."
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FLUFFYGERM
02/09/18 7:30:50 PM
#125:


emblem boy posted...
FLUFFYGERM posted...
If you can sustain 100k for 10-15 years or more, you're definitely going to be well off.

It's because it gives you some bandwidth to develop a cushion, but it is not in itself the cushion. This nuance is extremely crucial because there are CEmen who literally think that landing a 100k job makes you rich. It does not, in any sense of the word "rich"

You can certainly thrive on 100k per year, even within the first year. But you'll likely have credit card debt or student loans to pay off, and you'll have some investing you'll need to do in order to have an emergency fund and any retirement fund. Maybe after the first three or four years is when you'll feel like you've made it.

At least that's how it is for me.


Bro, like no shit. This topic is about making a certain amount a month. I don't see what nuance is needed to realize this is a consistent annual income we're all talking about


100k is not rich. After 10-15 years you can be well-off, but you can easily do that with 75k too and no one would say 75k makes you rich or that it's a huge amount. Remember: I'm talking about the people who think it's some extravagant sum of money.
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Atralis
02/09/18 7:35:58 PM
#126:


Is that before or after taxes?

My 80k salary a year turns into me making more like 4200 a month after taxes which really has changed how I think about stuff like this.
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Romes187
02/09/18 7:37:27 PM
#127:


I really wanna see pics of Covxy.

Just post one. I have a feeling he's never had any responsibility in his own life except maybe that bio test next Monday he has to study for
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#128
Post #128 was unavailable or deleted.
donkeyjack
02/09/18 7:38:59 PM
#129:


Howl posted...
People saying 100k a year isn't rich are utterly delusional. That's more than 80 percent of people in the United States alone and probably more than 90 percent in the world. 100k a year is more than most people who have ever lived have or will ever make.

Edit only the top 93% make more than 1500 a month, so 100k a year is probably 99th percentile.

http://www.pewglobal.org/interactives/global-population-by-income/


It is not rich by any means. Especially when 8 out of 10 people live paycheck to paycheck.
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FLUFFYGERM
02/09/18 7:39:54 PM
#130:


Atralis posted...
Is that before or after taxes?

My 80k salary a year turns into me making more like 4200 a month after taxes which really has changed how I think about stuff like this.


Just curious - were you one of the people who I used to argue with about taxes? It's always delicious to watch socialists turn into adults once they get their paycheck and see how much of it went to Uncle Sam and the state government.
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Romes187
02/09/18 7:41:48 PM
#131:


byron posted...
Romes187 posted...
I really wanna see pics of Covxy.

creepy as fuck


Yessir :)
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Antifar
02/09/18 7:44:16 PM
#132:


So you only have $3700 left over each month?
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Roxborough4Ever
02/09/18 7:45:02 PM
#133:


i have you tagged as somebody who pays quadruple the price for escorts..you just sound terrible with money
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FrisbeeDude
02/09/18 7:46:10 PM
#134:


If you're making 6k/month and you're single with minimal debt, there's literally no excuse to be living hand to mouth or even remotely close.

Edit: and this is coming from someone who makes a little more than half that living in one of the most expensive rental markets in the country
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COVxy
02/09/18 7:46:26 PM
#135:


Romes187 posted...
I really wanna see pics of Covxy.

Just post one. I have a feeling he's never had any responsibility in his own life except maybe that bio test next Monday he has to study for


Lots of assumptions you're making there big guy.

Stop going around asking for a picture of me, this isn't the first time and it's pretty fucking creepy.
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FLUFFYGERM
02/09/18 7:46:46 PM
#136:


lmao Romes
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Sayoria
02/09/18 7:57:00 PM
#137:


KingCrabCake posted...
@Sayoria posted...
Anisoptera posted...
$1,400 for rent
$60-$80 a month for food
$140-$200 on water
$60-$100 on electric + gas
$100 on phone bill
$40-$100 on car gas
$130 for cable/internet/phone
$100 for Amazon Prime
$14 for Netflix


Cut those out of your life.


Why should someone cut stuff out of their life if it makes them happy


Because those aren't essentials.
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Anteaterking
02/09/18 7:59:31 PM
#138:


Romes187 posted...
I really wanna see pics of Covxy.

Just post one. I have a feeling he's never had any responsibility in his own life except maybe that bio test next Monday he has to study for


Found one: https://media.gettyimages.com/photos/rich-man-posing-with-money-bags-and-dollar-bills-picture-id171271536
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KingCrabCake
02/09/18 8:15:51 PM
#139:


Sayoria posted...
KingCrabCake posted...
@Sayoria posted...
Anisoptera posted...
$1,400 for rent
$60-$80 a month for food
$140-$200 on water
$60-$100 on electric + gas
$100 on phone bill
$40-$100 on car gas
$130 for cable/internet/phone
$100 for Amazon Prime
$14 for Netflix


Cut those out of your life.


Why should someone cut stuff out of their life if it makes them happy


Because those aren't essentials.


Okay ...so?

Being happy and relaxed is essential
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SuperGamer5
02/09/18 8:16:57 PM
#140:


I make $5,416 a month before taxes and live in the metro area in MN.

After taxes, rent, expenses, etc., it's really not that much. Sure I'm not strapped for cash, but it's definitely not the "easy mode" I thought it would be.
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Sayoria
02/09/18 8:18:08 PM
#141:


KingCrabCake posted...
Sayoria posted...
KingCrabCake posted...
@Sayoria posted...
Anisoptera posted...
$1,400 for rent
$60-$80 a month for food
$140-$200 on water
$60-$100 on electric + gas
$100 on phone bill
$40-$100 on car gas
$130 for cable/internet/phone
$100 for Amazon Prime
$14 for Netflix


Cut those out of your life.


Why should someone cut stuff out of their life if it makes them happy


Because those aren't essentials.


Okay ...so?

Being happy and relaxed is essential


Not in reality, they aren't.
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KingCrabCake
02/09/18 8:20:19 PM
#142:


Sayoria posted...
KingCrabCake posted...
Sayoria posted...
KingCrabCake posted...
@Sayoria posted...
Anisoptera posted...
$1,400 for rent
$60-$80 a month for food
$140-$200 on water
$60-$100 on electric + gas
$100 on phone bill
$40-$100 on car gas
$130 for cable/internet/phone
$100 for Amazon Prime
$14 for Netflix


Cut those out of your life.


Why should someone cut stuff out of their life if it makes them happy


Because those aren't essentials.


Okay ...so?

Being happy and relaxed is essential


Not in reality, they aren't.


Yes in reality they are. Both are key for a good health.

Strike 3 bro, you're out.
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twitterfriends
02/09/18 8:24:37 PM
#143:


Thats lower class where I live,

Only $80 a month on food? Wtf.

Plus $1,400 a month here gets you a studio apartment
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Anteaterking
02/09/18 8:29:09 PM
#144:


SuperGamer5 posted...
but it's definitely not the "easy mode" I thought it would be


This has more to do with expectations than reality though. You're in the 62ndish percentile of household income in Minneapolis from just one income. Like, I wouldn't call $72k a year rich by any means (or $66k in your case), but a majority of people in your city get by with more than $10k less.

I think part of the problem with people in this topic and the earlier one today is that:

1. Having (or being) a non-working spouse is a luxury.
2. Being able to max out your retirement contributions is a luxury.
etc.

These might be things that are personal goals for you and the second is advisable if you can manage it, but they are luxuries.
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Sayoria
02/09/18 8:30:41 PM
#145:


KingCrabCake posted...
Sayoria posted...
KingCrabCake posted...
Sayoria posted...
KingCrabCake posted...
@Sayoria posted...
Anisoptera posted...
$1,400 for rent
$60-$80 a month for food
$140-$200 on water
$60-$100 on electric + gas
$100 on phone bill
$40-$100 on car gas
$130 for cable/internet/phone
$100 for Amazon Prime
$14 for Netflix


Cut those out of your life.


Why should someone cut stuff out of their life if it makes them happy


Because those aren't essentials.


Okay ...so?

Being happy and relaxed is essential


Not in reality, they aren't.


Yes in reality they are. Both are key for a good health.

Strike 3 bro, you're out.

Then you have your priorities screwed up.
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FLUFFYGERM
02/09/18 8:31:50 PM
#146:


Anteaterking posted...
2. Being able to max out your retirement contributions is a luxury.


Eh, I suppose. Although I wouldn't say someone is rich or well off just because they can make out retirement accounts.

I'd define well off as not needing to invest into retirement funds to begin with.
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SSMajinVegeta2
02/09/18 8:32:26 PM
#147:


$6,000 is a lot of money.

Get a room mate
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cerealbox760
02/09/18 8:36:42 PM
#148:


And here I am paying 1500 to stay a week in Vegas. As much as I hate the idea of pulling out a mortgage, I might as well buy a vacation house over there in vegas. ill gtfo with my high class problems. good luck ce.
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Anteaterking
02/09/18 8:40:09 PM
#149:


FLUFFYGERM posted...
Anteaterking posted...
2. Being able to max out your retirement contributions is a luxury.


Eh, I suppose. Although I wouldn't say someone is rich or well off just because they can make out retirement accounts.

I'd define well off as not needing to invest into retirement funds to begin with.


I'm not saying it's rich. I'm just saying that starting your argument with "Look, after those things I don't have much money left" is already removing things that your average person doesn't have. While being more fiscally responsible than saying "Greens fees: _____", it's still not part of your cost of living.

Personally, I put well off below rich/wealthy, and I would say that any upper middle class/upper class person is well off.
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KingCrabCake
02/09/18 8:41:17 PM
#150:


Sayoria posted...


Then you have your priorities screwed up.


How about you try explaining yourself cause no one said anything about priorities
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pikachupwnage
02/09/18 8:47:49 PM
#151:


FLUFFYGERM posted...
Sir Will posted...
Childhood is thinking making $5,596 a month is a lot

It is.


It's a decent income but it's not "a lot" unless you live in the middle of nowhere and/or are single.


Its 67K a year. You seem to live alone based on your expense list so Unless you live in a obscenely high cost of living area....that much for a single person is definitely pretty damn good.

Not rich but only a idiot would be struggling on 67K if single in most circumstances.
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