What does 60k a year salary feel like? (Mid 20s, Single males)

WeedandSwag wrote:

Do you just have so much disposable income that you are constantly buying random stuff? It's gotta be amazing.

60k a year is nothing. Many college grads make that much or more in their first jobs after college. I made more than twice that in my first job after law school, although most of my income went toward paying down school loans.

The smart people max out their 401ks and save for the future. But it is nice to be able to go to a store and buy things just because you feel like it.

A little less baller than 70K, but definitely more baller than 50K.

Most of us live in nice places in nice parts of town. Everything else goes to hookers and blow.

WeedandSwag wrote:

Do you just have so much disposable income that you are constantly buying random stuff? It's gotta be amazing.

Only slightly above the poverty line

60k? In the US? Doesn't medical insurance alone cost that much? :)

60k is what I made out of school with a civil engineering degree.

definitely was comfortable, but didn't feel like a baller. then again, i was in the bay area where cost of living is stupid high.

60k as a single male is plenty enough to have a used car, rent your own 1BR apartment in a good part of town, put away some cash in 401k/roth ira, go out every weekend eating/drinking without having to sweat it. but you won't be buying new cars, living like a "baller", or impressing any of your friends with money. not that you need to. live below your means and life is good.

It is some good cash, bro. The key is to not think you are a "rich" and buy unneeded items. Stick to what is necessary in your life, spend a little on pleasure, and save the rest (401k, stocks, etc).

Feels like poverty.

Did you know that several hedge fund managers made over $1 billion last year? Even though their funds did not do as well as the market?

That's what I currently make and it feels like an absurdly large amount of money. At the rate I'm saving I'll retire by 45 (currently 24).

kruger wrote:

That's what I currently make and it feels like an absurdly large amount of money. At the rate I'm saving I'll retire by 45 (currently 24).

Wait until your life gets taken over by parasitic leeches who suck up all your money, also known as a wife and kids.

Also remember all those nice things that your parents did for you when you were a kid? Well that wasn't done for free because they'll expect you to repay them by paying for their retirement care homes. Not only that but your leeching wife will expect you to pay for her parents' care too, even though they hate you and the feeling is mutual.

not baller or poor.

It completely depends on where you live, and what kind of lifestyle you have. I make around 75 or 80k after bonus, don't have any student loans, and I still don't feel like a baller since I live in NYC. Granted, I don't neeed to be paying $1500 for an apartment.

NUdist wrote:Granted, I don't neeed to be paying $1500 for an apartment.

Do you live in public housing?

All depends where you live. I make just a bit over 60k but live in an area where that will get me a nice car, a good size house with a nice yard and enough disposable income where I don't have to deny myself things too often.

Section 8 Abuse wrote:

NUdist wrote:Granted, I don't neeed to be paying $1500 for an apartment.

Do you live in public housing?

Pretty sure you're being sarcastic, but this was meant to say $1500/mo.

Finished undergrad a couple years ago, living a few miles outside Boston, no overly expensive hobbies like triathlons, overseas travel, or boating, and currently renting an apartment. Mid-60s for salary.

It's not a stupidly large amount of money, but if you really want to buy something (anything), you shouldn't have to think twice about it unless it's a car, house, or vacation, or unless you're wasting a TON of cash on unnecessary living expenses. My total expenses in 2012 totalled less than 50% of my pre-tax salary, the rest going to loans and investments.

You'll feel well off only for a while, then your demand side will catch up and you'll start feeling not so well off.

But read this:

http://assetbuilder.com/scott_burns/it%E2%80%99s_2012_do_you_know_where_your_first_million_is

way too little, based on my experiences 3 decades ago

NUdist wrote:

It completely depends on where you live, and what kind of lifestyle you have. I make around 75 or 80k after bonus, don't have any student loans, and I still don't feel like a baller since I live in NYC. Granted, I don't neeed to be paying $1500 for an apartment.

$1500/mo in Manhattan? Rent control? yes, otherwise no way.