800k household income - does not feel rich

+1 I got a chuckle out of this.

lmfao wrote:

+1 I got a chuckle out of this.

Glad one of us got a laugh.

I make 40k/year but no kids so I feel rich. Want to swap places?

lmfao wrote:

I make 40k/year but no kids so I feel rich. Want to swap places?

I enjoyed life more when I had $2000 in the bank.

Deal

I didn’t know people as poor as you could survive. Well done for being able to make that little amount stretch as far as it does.

Hrshrs wrote:

I didn’t know people as poor as you could survive. Well done for being able to make that little amount stretch as far as it does.

I'm sure you're being sarcastic, but you try living in the South Bay for less than $1.5mm / year income

Ok cool but also is your wife hot? If so done deal.

poorkid1234 wrote:

before you call me a whiny rich guy, understand that 800k is actually 500k after taxes, which is 60k / month. that money disappears quickly.

wife and I are professionals and work extremely hard. we also have six figures of debt each from grad school, so 10k of that goes to servicing debt (principle and interest).

15k goes to our kids education (private school + 529 for 3 kids, ouch).

that leaves 25k left. where does that go?

10k to our mortgage in expensive as$ California - $2 million shoebox house

5k to entertainment (eating out, going to zoo, movies, etc with kids is NOT cheap)

3k to cars (loan, gas, insurance, repairs, etc)

3k to groceries

4k leftover for savings / retirement / investing. lol. how can you live off of 4k/month.

we are poor.

5k per month entertainment? Oh what a tough life. 3k per month food? You eat pretty good. 40% taxes seems high with all those deductions

Funny how you say that you are poor but when I say you are only earning little you assume I am being sarcastic. Which one is it?

poorkid1234 wrote:

lmfao wrote:

+1 I got a chuckle out of this.

Glad one of us got a laugh.

You should because it's one more than this attempt deserved

poorkid1234 wrote:

before you call me a whiny rich guy, understand that 800k is actually 500k after taxes, which is 60k / month. that money disappears quickly.

wife and I are professionals and work extremely hard. we also have six figures of debt each from grad school, so 10k of that goes to servicing debt (principle and interest).

15k goes to our kids education (private school + 529 for 3 kids, ouch).

that leaves 25k left. where does that go?

10k to our mortgage in expensive as$ California - $2 million shoebox house

5k to entertainment (eating out, going to zoo, movies, etc with kids is NOT cheap)

3k to cars (loan, gas, insurance, repairs, etc)

3k to groceries

4k leftover for savings / retirement / investing. lol. how can you live off of 4k/month.

we are poor.

Looks like you are doing it all wrong.

$600 per per person just for groceries. How is that even possible?

$5000 on entertainment ???

$3000 for cars - You should be able to buy good cars for cash

$4000 left over after school, mortgage, entertainment, cars and groceries.

I think you are ready for a Ramsey plan.

Here are the baby steps for free since you are so poor:

https://www.ramseysolutions.com/dave-ramsey-7-baby-steps?snid=guided-plans.pay-off-debt-and-build-wealth.ramsey+.the-7-baby-steps

This has been done to death by posters better than you and even then the threads were still pathetic. 0/10.

poorkid1234 wrote:

before you call me a whiny rich guy, understand that 800k is actually 500k after taxes, which is 60k / month.

Lol epic fail.

poorkid1234 wrote:

lmfao wrote:

I make 40k/year but no kids so I feel rich. Want to swap places?

I enjoyed life more when I had $2000 in the bank.

Deal

I make 38k a year, 29k net. That's 2414 (24 pay periods) per month.

It can be done, if you have a spouse. Rent for us is $1400 a month, but I pay $700 and she pays $700.

The $1700 I have left over--

$600 goes into investments/savings/things that I'm locked into.

After expenses (food, gas, bills), I have about $225/mo. if nothing bad happens or if I don't have unexpected expenses.

My prior job paid 53k but I'm getting a bump to 42k effective 2/1. I was able to live at 38k for 18 mos. and survive.

holy crap this post is great. Think about it.

Million ways for great lives w/o giving away all your $$. The kids & school loans- OK. But the rest is unnecessary. You both should be living lives to retire very early & have great retirement accounts to have great golden years.

And the liberal homeless population continues to grow exponentially. . Who can we blame this time????

yeppppppp wrote:

Million ways for great lives w/o giving away all your $$. The kids & school loans- OK. But the rest is unnecessary. You both should be living lives to retire very early & have great retirement accounts to have great golden years.

+1