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Is $300k supposed to be good now?
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Date: January 16th, 2019 10:25 AM Author: fishy dysfunction market I make $400-$500k, albeit in nyc, and still feel poor.
how do people save for retirement nowadays? |
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Date: January 17th, 2019 2:17 AM Author: canary pea-brained casino explain how you make that amount and still feel poor and can't save for retirement.
you are either living very extravagantly (even in NY)
or
you are saving for retirement
there is no way you're not doing either. |
Date: January 16th, 2019 10:27 AM Author: passionate flushed potus liquid oxygen they spend less on funko dolls (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37601731) |
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Date: January 16th, 2019 10:28 AM Author: Useless Lodge Corn Cake At 500k you should be saving well over $100k a year after maxing out your 401k and backdoor roth (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37601734) |
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Date: January 16th, 2019 10:34 AM Author: fishy dysfunction market I am, pretty much saving $100k a year.
How do you retire with that? You will need $5mm+ to retire. |
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Date: January 16th, 2019 10:36 AM Author: pale organic girlfriend partner $500k is about $170k after taxes in nyc, so saving $100k is tough (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37601784) |
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Date: January 16th, 2019 11:08 AM Author: burgundy french set ??? (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37601942) |
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Date: January 16th, 2019 11:11 AM Author: fishy dysfunction market uhhh it's about $300k after taxes.
i max out on gov't programs, thank.
spend about $100k throughout the year, spend $50k on rent, spend $50k mortgage for my other home. save $100k. |
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Date: January 16th, 2019 11:13 AM Author: razzmatazz thirsty native Why do you have a second home with a $4,100 per month mortgage? (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37601956) |
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Date: January 16th, 2019 11:41 AM Author: fishy dysfunction market bought it a few years ago, it's up 80% in value since then so not a bad choice. (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37602116) |
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Date: January 16th, 2019 11:44 AM Author: Multi-colored Frisky Corner If you honestly "feel poor" under these circumstances then you are truly lost to GC. time to schedule your lobotomy. (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37602141) |
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Date: January 16th, 2019 11:46 AM Author: fishy dysfunction market i'm cash poor
what u want me to do, sell my place and just sit there with cash? |
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Date: January 16th, 2019 2:14 PM Author: razzmatazz thirsty native Do you rent the place out? Do you use it yourself? If so, how often? |
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Date: January 16th, 2019 2:50 PM Author: fishy dysfunction market past year i use it myself, maybe once a month. (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37603346) |
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Date: January 16th, 2019 11:46 AM Author: Abnormal Public Bath Gay Wizard he's trolling. he's living as luxurious as anyone can without being "super wealthy" and he still finds a way to complain. But as stated earlier, he's trolling. (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37602169) |
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Date: January 16th, 2019 11:48 AM Author: fishy dysfunction market not trolling.
nutella makes more than me and she can relate.
if anyone can call troll it's going to be people who make more than me and feel "rich" like you say.
but surprisingly, no one at this level feels well off, why? |
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Date: January 16th, 2019 11:55 AM Author: Abnormal Public Bath Gay Wizard because you're on a hedonic treadmill and you'll complain all the way up the ladder (which you're already near the top of) (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37602228) |
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Date: January 16th, 2019 2:34 PM Author: mint step-uncle's house Real answer: our standards are too high. You don’t “need” $5m to retire just like I don’t “need” $10m to retire with 2 kids.
We just have those standards as living a comfortable (not luxurious) life without having financial worries but that keeps edging up as you make more. |
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Date: January 16th, 2019 7:36 PM Author: Light fragrant headpube faggot firefighter edging but never quite getting there. kind of like how you regulate your husband's orgasms. (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37604722) |
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Date: January 16th, 2019 10:29 AM Author: twinkling bat-shit-crazy party of the first part location That's crazy. We live in LA, have a very good quality of life, and basically live off my wife's income of 140K. Our mortgage is paid off but that would only have added another 40k in expenses a year. If you don't spend like an idiot you can have a nice life for 200K in virtually any city. Even with kids. The trick is don't marry a woman who shops. My wife doesn't buy shit. (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37601743) |
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Date: January 16th, 2019 10:29 AM Author: odious factory reset button shrine ty and cr (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37601747) |
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Date: January 16th, 2019 10:33 AM Author: Obsidian glittery new version hall an extra 40k in expenses on 140k gross is ~40% of take home - not sure that can just be hand waived away, since most people do have to pay mortgage/rent (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37601768) |
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Date: January 16th, 2019 11:35 AM Author: twinkling bat-shit-crazy party of the first part location My point is that at 200K income we could afford the mortgage too and our house was bought for $1.175 Million. We could have gotten a cheaper house too if we wanted to spend less. (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37602091) |
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Date: January 16th, 2019 10:34 AM Author: Light fragrant headpube faggot firefighter (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37601778) |
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Date: January 16th, 2019 10:36 AM Author: fishy dysfunction market so you don't work and just live off $140k for both people? (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37601787) |
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Date: January 16th, 2019 11:35 AM Author: twinkling bat-shit-crazy party of the first part location No, I invest all the money I make in index funds and real estate. Right now though I have a large percentage in cash. (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37602086) |
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Date: January 16th, 2019 2:50 PM Author: fishy dysfunction market that seems like a sweet life brother (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37603353) |
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Date: January 16th, 2019 11:42 AM Author: Light fragrant headpube faggot firefighter Do you have car payments? Have you added back in personal expenses you run through your firm? (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37602128) |
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Date: January 16th, 2019 11:45 AM Author: twinkling bat-shit-crazy party of the first part location Yes, I added back my car payments, insurance, cell phone, and all that other stuff when I talk about total personal expenses. I have a leased BMW 3 series that is $380/month. (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37602150) |
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Date: January 16th, 2019 2:45 PM Author: Light fragrant headpube faggot firefighter nice (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37603320) |
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Date: January 16th, 2019 2:51 PM Author: hateful slap-happy indian lodge Big down payment/trade in, 320i, or both? (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37603355) |
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Date: January 16th, 2019 8:06 PM Author: twinkling bat-shit-crazy party of the first part location Put $2,000 down. I negotiate for a living brother. (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37604893) |
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Date: January 16th, 2019 8:14 PM Author: ungodly exciting lay Please tell me it isn't something like a 320i. (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37604935) |
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Date: January 16th, 2019 8:24 PM Author: garnet appetizing place of business no offense, then you should know not to put money down on a lease (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37605009) |
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Date: January 17th, 2019 2:45 AM Author: hateful slap-happy indian lodge So that's really equivalent to around $436/month, which is about what I would have expected. (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37606612) |
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Date: January 16th, 2019 4:11 PM Author: Useless Lodge Corn Cake You are a guru about more than just shitlaw (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37603855) |
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Date: January 16th, 2019 4:51 PM Author: maniacal azn institution Got it - get an ugly wife. Good rec! (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37604121) |
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Date: January 16th, 2019 7:48 PM Author: Greedy blathering brunch cr - "wife who doesn't shop" is code for either she's ugly or you're broke (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37604817) |
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Date: January 16th, 2019 8:06 PM Author: twinkling bat-shit-crazy party of the first part location Yup. She is extremely fat and we are on Medi-Cal =( (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37604897) |
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Date: January 16th, 2019 10:29 AM Author: odious factory reset button shrine stop spending like bezos' new woman. 300k is a ton of money (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37601744) |
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Date: January 16th, 2019 10:30 AM Author: Obsidian glittery new version hall only if 11-12:30 tues-weds in-house. (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37601749) |
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Date: January 16th, 2019 10:57 AM Author: mewling stimulating stage This would be OK if you negotiated for WFH on Weds. mid-week sucks, it's like you're tired, but nowhere near the weekend yet. (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37601900) |
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Date: January 16th, 2019 10:33 AM Author: black titillating pervert center luckily white life expectancies are plummeting so very few of us will have to worry about "retirement" (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37601766) |
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Date: January 16th, 2019 10:58 AM Author: Abnormal Public Bath Gay Wizard op is one of the worst HHI / COL flame artists on the board (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37601906) |
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Date: January 16th, 2019 10:59 AM Author: fishy dysfunction market specifically which part is wrong?
i save $100k a year, can't really retire on that. |
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Date: January 16th, 2019 11:34 AM Author: Abnormal Public Bath Gay Wizard I'm not really in the mood to entertain your tired flame, but 100k / year compounds to like $4.4 million dollars.
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Date: January 16th, 2019 11:35 AM Author: Light fragrant headpube faggot firefighter yeah lol @ living off that. (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37602087) |
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Date: January 16th, 2019 11:36 AM Author: Abnormal Public Bath Gay Wizard *waits for some flame about needing $35,000 / month in retirement* (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37602098) |
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Date: January 16th, 2019 3:39 PM Author: fishy dysfunction market think about the 1970s where $300,000 was like $3mm today.
it's not hard to imagine that your $4.4 million is worth only $400k in REAL DOLLARS by the time you retire.
that is fine if ur living stingy for 10 years but god forbid u live to 80+ years old. |
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Date: January 16th, 2019 10:59 AM Author: stirring startled stead codepig $300k is good unless you live in MFH or SF. (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37601908) |
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Date: January 16th, 2019 11:00 AM Author: Light fragrant headpube faggot firefighter Yeah i guess if you are single and have no kids, live in a studio apt in flyover, have no debt or car payment etc. (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37601922) |
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Date: January 16th, 2019 11:02 AM Author: passionate flushed potus liquid oxygen (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37601929) |
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Date: January 16th, 2019 11:10 AM Author: mint step-uncle's house OP, it’s tough to do in NYC but basically you need to either drastically cut rent or spending to save meaningfully. Assuming you net $200-250k after taxes and $50k goes to rent, you can’t be going around spending $4k/mo on other shit even if it’s easy to do so. (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37601948) |
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Date: January 16th, 2019 11:11 AM Author: Diverse university 50k a year on rent? lmao (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37601953) |
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Date: January 16th, 2019 11:22 AM Author: pale organic girlfriend partner lmao just do have parents who own nice apartments lol (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37601998) |
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Date: January 16th, 2019 11:13 AM Author: fishy dysfunction market yes exactly.
i'm literally doing what u are saying, spending average $4k a month on random shit. it's always something. one month i do really well and then next month my laptop breaks and i spend $2k on a new one.
next month i get an iphone upgrade. then it's 2 people's birthdays so I spend $200 on food and drinks and going out. then every year there's a $10k vacation or bottles for NYE. always something going on. |
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Date: January 16th, 2019 11:42 AM Author: twinkling bat-shit-crazy party of the first part location Just do 10K for NYE. (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37602133) |
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Date: January 16th, 2019 11:47 AM Author: fishy dysfunction market xmas + nye plane tickets $2k hotel and food and other for quick vacation $1k gifts for family and friends total $2k bottles at clubs $2k misc. other $1k
fine it's like $8k but w/e. this isn't much, a family of 4 going to disneyland for 1 week costs $8k too. |
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Date: January 16th, 2019 5:35 PM Author: Abnormal Public Bath Gay Wizard LMFAO
What province of China are you from? |
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Date: January 16th, 2019 2:18 PM Author: mint step-uncle's house Yeah I get it. $4k/mo on various shit isn’t outrageous at that income level. You can cut back like $1-2k/mo and save an extra $20k/year. But that just means you get to retire in 28 years instead of 30 or whatever. Also if you get married and have kids, there’s childcare and private school tuition which is way more costly than NYE trips. Early retirement is really designed for people who make a few million/year.
My goal is $10m NW for retirement and id be lucky retiring around 55. |
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Date: January 16th, 2019 8:10 PM Author: twinkling bat-shit-crazy party of the first part location My kids are going to Calabasas High so no need to pay for private school. Once they are out of daycare, my expenses for kids will be basically just food, clothes, and video games. Wife and I will each gift them each 150K for their 529 this year (you can front load 5 years) and then their college will be completely funded. (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37604911) |
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Date: January 16th, 2019 8:35 PM Author: mint step-uncle's house Your situation is unique in that you can live in a cheaper area with good schools. I can’t live in commuting distance of work if I moved to the valley for the schools, and my LAUSD options for public school are areas with $3m houses.
I think what OP is addressing though is not that he can’t live comfortably off $300k but that he’s not saving meaningfully such that he can retire early. I don’t think you can dispute that. You live off your wife’s salary which ends up being $6-7k/mo post tax without a mortgage. We are roughly at around $10k/mo after mortgage so we are around the same spending. OP isn’t really deviating greatly from that when spending $4k/mo not married. I don’t think he’s being a spendthrift.
The difference though is that you can retire early because you make so much more money. Last year we saved $300k/year but even then it’ll take 15-20 years of working to get to where we want to be. If OP is saving $100k/year, it’ll take even longer. He can cut back here and there and save $125k/year instead but that doesn’t shave meaningful years off working. |
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Date: January 16th, 2019 11:18 AM Author: black titillating pervert center https://www.zillow.com/homes/for_sale/VT/pmf,pf_pt/2089939404_zpid/58_rid/3-_beds/200000-300000_price/790-1185_mp/1900-_size/globalrelevanceex_sort/45.46013,-68.730469,42.269179,-76.168213_rect/6_zm/? (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37601981) |
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Date: January 16th, 2019 11:43 AM Author: hairraiser plaza death wish Not an opera anywhere in sight bro (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37602139) |
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Date: January 16th, 2019 11:46 AM Author: black titillating pervert center it would be cheaper to take a cab from Vermont to MfH twice a month to see the opera than to actually pay to live in NYC (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37602167) |
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Date: January 16th, 2019 11:49 AM Author: hairraiser plaza death wish 180. BRB moving to Vermont (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37602187) |
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Date: January 16th, 2019 2:50 PM Author: indigo range doctorate I'm familiar with an area nearby that I can't imagine is that much nicer than where this house is. Why is the house so cheap? There's got to be something wrong with it. (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37603352) |
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Date: January 16th, 2019 6:37 PM Author: black titillating pervert center Probably worth $400k in a vacuum but no opera (-$100k) and no thai food (-$100k) (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37604411) |
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Date: January 16th, 2019 11:21 AM Author: charismatic anal immigrant blood rage you dont retire early
either find a gov job with pension or keep working ungil 65 |
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Date: January 16th, 2019 11:41 AM Author: fishy dysfunction market yep, seems like the only way to go (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37602120) |
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Date: January 16th, 2019 11:44 AM Author: hairraiser plaza death wish The guy above is right, you really fucking suck at this. (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37602140) |
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Date: January 16th, 2019 11:44 AM Author: ungodly exciting lay A lot of variables here. $400-500k as a single guy vs. $400-500k as HHI (what we have), do you have kids, what does rent/mortgage look like, etc. Same with $300k/year - that's fine to live on as a single guy even in NYC/SF/LA. I definitely can't imagine living on $300k/year HHI with a decent house, kids, etc. in an expensive coastal city. (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37602147) |
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Date: January 16th, 2019 11:50 AM Author: fishy dysfunction market $4k a month for rent, live alone $4.5k a month for mortgage, i'm paying it off fast and the value appreciated 80% in the past 3 years but i'm still cash poor no kids, no wife but have a gf that I spend probably $1k on on average per month. Which is mostly just food+going out+drinks+broadway shows+misc+weekend trips+etc. |
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Date: January 16th, 2019 12:04 PM Author: ungodly exciting lay Wait, rent + mortgage? Explain. Either of these alone are ok, but together that's a ton ($8500/month housing). (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37602279) |
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Date: January 16th, 2019 12:06 PM Author: fishy dysfunction market i rent in NYC
have a really nice place in another city which i bought. good news is that it appreciated a lot in value but i'm still stuck with the mortgage. |
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Date: January 16th, 2019 12:11 PM Author: ungodly exciting lay Are you renting it out or what? When you say "another city" - is it a suburb of NYC or a totally different city you want to relocate to?
This seems to be the single expense that breaks the budget. |
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Date: January 16th, 2019 12:13 PM Author: fishy dysfunction market totally different city that's also expensive
last year i rented it out, this year i'm not.
it's nice to have a luxurious spot to crash in when i visit or take my girlfriend to spend a weekend there together.
either way, i can't get out of it unless i start ignoring my mortgage payments. |
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Date: January 16th, 2019 12:17 PM Author: ungodly exciting lay "it's nice to have a luxurious spot to crash in when i visit or take my girlfriend to spend a weekend there together."
This seems ridiculous to me and is primarily responsible for your financial situation.
"either way, i can't get out of it unless i start ignoring my mortgage payments."
Rent or airbnb it out. Problem solved. |
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Date: January 16th, 2019 2:26 PM Author: mint step-uncle's house “$400-500k HHI (what we have)”
Lol classic fish! |
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Date: January 16th, 2019 2:38 PM Author: pale organic girlfriend partner i'm imagining tmf pumping his fist as his zillow zestimate appreciation nudged him and mandy up to $402,108.57 for 2018 (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37603284) |
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Date: January 17th, 2019 8:16 AM Author: ungodly exciting lay Obviously, I'm only including money we earn from working. We also sold real estate at a nice profit but I didn't include that. (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37607077) |
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Date: January 16th, 2019 7:49 PM Author: ungodly exciting lay ?
You make over $700k as you often point out. |
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Date: January 16th, 2019 8:41 PM Author: mint step-uncle's house Your suggesting that you’re close to the $500k HHI bracket would be like me saying I’m close to the $1m HHI bracket. (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37605089) |
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Date: January 17th, 2019 8:15 AM Author: ungodly exciting lay We are over $400k and under $500k, which is factually correct. I didn't say I was "a hair under $500k" or something. (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37607075) |
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Date: January 16th, 2019 7:57 PM Author: Blue Erotic Sanctuary Gaping lol at adding $215 (plus some bonus hopefully) to you wife's make pretend $125 (plus some bonus hopefully) and finding $400-500K there. (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37604860) |
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Date: January 16th, 2019 8:05 PM Author: ungodly exciting lay Wife makes about $200k/year, I make more. (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37604890) |
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Date: January 16th, 2019 8:08 PM Author: Blue Erotic Sanctuary Gaping is it worse having to lie about Mandy or about how the lie involves her making almost as much as you? (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37604904) |
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Date: January 16th, 2019 8:13 PM Author: ungodly exciting lay Honestly, if I were to lie I would definitely make a much bigger gap between her and I. :-|
Also, I'm a ridiculous slacker that needs to get my shit together and get to that next rung up. |
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Date: January 16th, 2019 8:22 PM Author: Blue Erotic Sanctuary Gaping what is wrong with the world that mandy makes more than my wife and I think nutella's husband? (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37604991) |
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Date: January 16th, 2019 8:23 PM Author: charismatic anal immigrant blood rage (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37604998) |
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Date: January 16th, 2019 8:26 PM Author: ungodly exciting lay Well, it started with me getting into a really good area, then working to get Mandy into the same area. (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37605021) |
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Date: January 16th, 2019 8:30 PM Author: Blue Erotic Sanctuary Gaping ok great so mandy is making $200K to work in intellectual property law.
the simulation needs maintenance. |
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Date: January 17th, 2019 7:41 AM Author: Light fragrant headpube faggot firefighter can you got me into that area too? (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37607038) |
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Date: January 16th, 2019 12:01 PM Author: henna therapy theatre if u feel cash poor, why not borrow against ur assets (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37602259) |
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Date: January 16th, 2019 12:03 PM Author: fishy dysfunction market i'm cash poor but why would i do that, nothing to buy either. i got pretty much everything i want, new furniture, new laptop, new phone, etc.
just can't retire even though consumerism allows just about anyone making $100k to afford what i have. |
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Date: January 16th, 2019 12:10 PM Author: ungodly exciting lay Borrowing isn't free money anymore. My last car (bought in 2013) was financed at under 2% (less than inflation). This car I was offered 3.5% and just paid cash.
In general, at his salary borrowing against assets doesn't seem prudent. |
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Date: January 16th, 2019 12:13 PM Author: laughsome topaz temple you don't know that. he's in a high income tax bracket so the ability to defer cap gains is potentially extremely valuable. (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37602327) |
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Date: January 16th, 2019 3:16 PM Author: henna therapy theatre it's not so much that it's free money but he said he was cash poor (and on at least one significant asset that had increased substantially in value)
if u're able to extract cash from ur non-cash assets without significant transx costs and while avoiding tax consequences (as exeunt pointed out) it's worth considering
i'm certainly cash poor in that 99+% of my net worth is tied up in equities, RE, insurance, etc. but i wouldn't feel "cash poor" bc i have access to margin loans, HELOCs, policy loans, etc.
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Date: January 16th, 2019 8:08 PM Author: Blue Erotic Sanctuary Gaping what year was the X6 you bought? (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37604907) |
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Date: January 16th, 2019 8:15 PM Author: ungodly exciting lay Somewhere between 2017-2019 (used only for a few months). (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37604944) |
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Date: January 16th, 2019 8:22 PM Author: Blue Erotic Sanctuary Gaping well you like your cars I guess. That's a big cash purchase. (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37604997) |
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Date: January 16th, 2019 10:16 PM Author: ungodly exciting lay It is, but I keep my cars for a long time. Paying interest on it seemed pointless when I had the cash. Markets are uncertain now so saving 3.5% seemed like a good way to go. (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37605629) |
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Date: January 16th, 2019 12:12 PM Author: laughsome topaz temple at that level of income in nyc you interact with lots of people who make multiples or even magnitudes of what you make so your baseline level of spending is skewed massively upward. just from what you wrote you clearly blow money on all kinds of crap that don't add meaningfully to your happiness. (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37602317) |
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Date: January 16th, 2019 12:26 PM Author: ungodly exciting lay Lifehack: get scrubby friends. (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37602422) |
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Date: January 16th, 2019 2:26 PM Author: Disturbing half-breed legal warrant another point in favor of xo poasting (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37603213) |
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Date: January 16th, 2019 3:44 PM Author: fishy dysfunction market all my scrub friends are on xoxo or people that work for me that i can't chill with (25 year olds) (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37603700) |
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Date: January 16th, 2019 8:07 PM Author: laughsome topaz temple i know lots of rich people who live modestly. (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37604900) |
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Date: January 16th, 2019 12:13 PM Author: Sienna federal people who are hurt area If you are going to prioritize last minute NYE trips with models and bottles and dropping $1-2K per month on a GF, then expect to feel "cash poor" until your income drastically increases. But given the type of person you are, I'm sure your spending will still outpace whatever you earn.
Welcome to modern day consumerism bro.
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Date: January 16th, 2019 12:19 PM Author: mustard whorehouse persian 300k was good in late 90s. I make 3-5x that and still feel poor. I don't know how people do it. I am not going back to flying commercial (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37602366) |
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Date: January 16th, 2019 12:28 PM Author: dashing crackhouse (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37602431) |
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Date: January 16th, 2019 6:36 PM Author: black titillating pervert center (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37604405) |
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Date: January 16th, 2019 2:35 PM Author: pale organic girlfriend partner $600k+ HHI, no kids, and we can't afford to live like hollywood and tv depicted the urban working class in the 90s lmao (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37603266) |
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Date: January 16th, 2019 6:38 PM Author: vibrant olive den examples of things you can't do? (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37604420) |
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Date: January 16th, 2019 8:50 PM Author: pale organic girlfriend partner live somewhere with several rooms. drive a car. stuff like that (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37605149) |
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Date: January 16th, 2019 4:53 PM Author: Blue Erotic Sanctuary Gaping Food is expensive if you dont cook enough. (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37604126) |
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Date: January 16th, 2019 6:31 PM Author: Blue Erotic Sanctuary Gaping 2500 sq ft Houses in Cheviot Hills that used to be sold to lawyers are not $3.5 million to start. (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37604383) |
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Date: January 16th, 2019 8:07 PM Author: twinkling bat-shit-crazy party of the first part location Just move to the valley. (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37604899) |
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Date: January 16th, 2019 8:31 PM Author: Thriller chocolate pocket flask chapel Is the valley the equivalent of moving to New Jersey from nyc? (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37605050) |
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Date: January 16th, 2019 8:32 PM Author: Blue Erotic Sanctuary Gaping some would like to argue its more like moving to westchester or rye, but it's not. (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37605058) |
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Date: January 16th, 2019 10:18 PM Author: Tan forum Top 1.4% of the population. (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37605645) |
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Date: January 17th, 2019 12:47 AM Author: racy volcanic crater friendly grandma $300K in a secondary city at reasonable hours is the fucking dream. Best of all worlds. LMAO at NYC rat race slaves whining about middle class stature. (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37606327) |
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Date: January 17th, 2019 12:54 AM Author: Thriller chocolate pocket flask chapel Yup just “do” this (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37606350) |
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Date: January 17th, 2019 2:05 AM Author: cerebral dingle berry If you can strive your way into $500K in MFH but you can't swing $300K in a regular city, then you are an rootless autistic turd. (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37606527) |
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Date: January 17th, 2019 10:08 AM Author: ungodly exciting lay Guess who tends to earn high salaries in cities? (http://www.autoadmit.com/thread.php?thread_id=4178967&forum_id=2#37607402) |