Something to strive for?
Something to strive for?
I would probably sell my beachhouse and sportscar until I got a better job again.
Pray that I could make more money. That's about what I make now. With a wife, 3 kids, house, and cars 125k is nothing. Its barely middle class imo.
Help that liberal arts guy pay off his $150k loan
I'd get me some boats and hoes.
Would either try to do the job remotely from a cheap area, or would try to find a living wage somewhere else.
It all depends where you earn that salary.
It's not much in Silicon Valley but you could have a nice life in the Midwest.
adamBomb1234 wrote:
Pray that I could make more money. That's about what I make now. With a wife, 3 kids, house, and cars 125k is nothing. Its barely middle class imo.
lol
Young_Guy wrote:
Something to strive for?
I would live on 1/2 of it, save the rest, and retire after 15 years.
I’d keep ubering, at least until I had my first million saved up. Also, make sure you marry someone making at least as much as you.
You know "retirement" is a ponzi scheme, right?
I aim to do what I want my whole life. I make north of $124, not much more with 3 kids and a wife, and we are very comfortable, never looking at our bank account and take multiple trips per year. Just live the way you want.
The most successful people I know have never retired. They continue to pursue their passions. They just have more freedom, but are just as driven.
I’d try to get a better job. I live in NYC. Last year I made 200k, this year on track for 135-140k and am really feeling the difference.
Sayer of things wrote:
I’d try to get a better job. I live in NYC. Last year I made 200k, this year on track for 135-140k and am really feeling the difference.
All our records indicate you’re making much more than that, Eric. Where’s all the money going?
Pay more taxes.....:)
It’s interesting to me as you progress through life how your standards or benchmarks change. Coming from a dirt poor family I thought 30k a year was something special.
I’ve realized as my job and salary changed that all I do is have more money to buy more useless stuff to throw in a house that I only really use about 60% of. Who TF needs a formal living and dining room? Two extra rooms full of crap. 4th bedroom is a multipurpose room. Who needs that?
Even those making 100k are living “week to week”in some instances because of the false idea that they need to constantly increase the amount of useless crap in their lives.
Alan
Runningart2004 wrote:
Pay more taxes.....:)
It’s interesting to me as you progress through life how your standards or benchmarks change. Coming from a dirt poor family I thought 30k a year was something special.
I’ve realized as my job and salary changed that all I do is have more money to buy more useless stuff to throw in a house that I only really use about 60% of. Who TF needs a formal living and dining room? Two extra rooms full of crap. 4th bedroom is a multipurpose room. Who needs that?
Even those making 100k are living “week to week”in some instances because of the false idea that they need to constantly increase the amount of useless crap in their lives.
Alan
Word!
That’s a good starting salary. What’s your area of expertise?
I’d have to severely cut back, I make over twice that much.
I would get in the habit of saving 15% of your pay. Some people save more, but I’m assuming you want to still live a somewhat comfortable life. Put it in a 401k (some companies offer nice matching contributions) or some similar investment where it is hard to get at. Not a bank account, where you’ll be tempted to use it for a car, house, or credit cards. You’ll thank yourself when you get to your early 50’s and can retire comfortably and spend those next 15 years doing what you want while you’re still healthy and everyone else you know is still working.
That is half of my bonus. A quarter of that 124k would go for paying my car insurances. I don't think that salary would last me long.
124k is what I made when I came out of college with my bachelors degree, back in 99. I'm pushing six figure salary now.