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Originally Posted By imq707s: I'd love to see the budget of those six-figure earners that say they "don't feel high income"....... probably spending thousands a month on junk, going out to eat, huge car payments, 10 different streaming services, starbucks, etc, etc...... But nobody wants to ever talk about that....... No different that those people who win millions in the lottery, and then are bankrupt in a couple of years. Some people are just bad with money....no matter how much they make, they are always broke. He's right. Pre-covid I was grossing ~$65k/year. One income, wife and two kids. We were doing fine and saving as long as we were frugal. We bought our house when mortgage rates were 3% and before prices spiked, otherwise our mortgage payment would be $1000/month higher. Thankfully wife went back to work part time right before Covid. Now she grosses 65k/year and I'm right around 100k. We could cut some stuff if we had to, but my income alone would be tight now. Especially if we had to purchase a home right now or pay rent. I would say 100k is the new 55-60k. |
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Originally Posted By tucansam: Imagine being able to buy 100,000 items at a store and not being considered rich. Originally Posted By tucansam: Originally Posted By Butternut: Six figures and still struggling: Dollar General CEO says Americans earning $100,000 'don't feel high income' anymore Imagine being able to buy 100,000 items at a store and not being considered rich.  Mr. General please... yes, hi. Please load up your items into my truck. Yes, of course, here is your $100k. |
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Originally Posted By bjkb1f: Inflation is a thing. Just like being a millionaire doesn’t mean the same thing it meant 25 years ago. Anybody worth 7 digits (assets minus liabilities > 1 million USD) today means exactly the same thing it meant 25 years ago. Inflation or no what that kind of net worth means is that nobody owns you and you can do what you want, then and now. |
"Whoever dares to look upon them as an irregular mob will find himself very much mistaken. They have men amongst them who know very well what they are about.” Lt Gen Hugh Percy
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Originally Posted By tucansam: Imagine being able to buy 100,000 items at a store and not being considered rich. Originally Posted By tucansam: Originally Posted By Butternut: Six figures and still struggling: Dollar General CEO says Americans earning $100,000 'don't feel high income' anymore Imagine being able to buy 100,000 items at a store and not being considered rich. lol Dollar stores ended with the inflation wave during the pandemic. Dollar General was never a true dollar store. Dollar General is where the guy who buys gas $10 at a time goes to pay more for products in small quantities because Walmart is too far and/or the normal retail size packages cost too much. |
"Sometimes, the grass is greener because it's on a septic system."
"Sporterizing: The art of spending $700 on a $300 gun to make it worth $200." -GTwannabe
"Sporterizing: The art of spending $700 on a $300 gun to make it worth $200." -GTwannabe
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Originally Posted By sabre_kc: Anybody worth 7 digits (assets minus liabilities > 1 million USD) today means exactly the same thing it meant 25 years ago. Inflation or no what that kind of net worth means is that nobody owns you and you can do what you want, then and now. Originally Posted By sabre_kc: Originally Posted By bjkb1f: Inflation is a thing. Just like being a millionaire doesn’t mean the same thing it meant 25 years ago. Anybody worth 7 digits (assets minus liabilities > 1 million USD) today means exactly the same thing it meant 25 years ago. Inflation or no what that kind of net worth means is that nobody owns you and you can do what you want, then and now. Eh... 25 years ago, $1M was enough to retire at almost any age. Today, $1M might not be enough to retire at 55. Give me $1M tomorrow, and I'll be happy to pay off my house and load up on investments, but I'll be on that 9AM Monday conference call as if nothing changed. |
"Sometimes, the grass is greener because it's on a septic system."
"Sporterizing: The art of spending $700 on a $300 gun to make it worth $200." -GTwannabe
"Sporterizing: The art of spending $700 on a $300 gun to make it worth $200." -GTwannabe
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Originally Posted By EMP: I honestly don't see how people survive on $100K and still invest in their future. I assume 100% of their salary goes to living and there is nothing invested for the future. Depends. Pension? House paid for? Low/no debt? LOCOL makes a huge difference. |
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100K doesnt cover my mortgage If diesel stays at 7-8$ a gallon ill put 20k into my truck this year 2 of my kids tuition at a private university is $60k a year groceries are $18,000 this year Medical inurance for my wife and 2 kids will be 40k this year Auto insurance is 14000 this year Im 50 retired and have hobbies Its tough all over |
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Originally Posted By imq707s: I'd love to see the budget of those six-figure earners that say they "don't feel high income"....... probably spending thousands a month on junk, going out to eat, huge car payments, 10 different streaming services, starbucks, etc, etc...... But nobody wants to ever talk about that....... No different that those people who win millions in the lottery, and then are bankrupt in a couple of years. Some people are just bad with money....no matter how much they make, they are always broke. Wut? We routinely break down the income of the $250k couples when these articles come out $50k tax bill $3-7k mortgages PITI/Hoa $36k his and hers 401k $12k his and hers HSA $20k child care $1-1500 in two car payments $1-3k student loans |
I wouldn't stand in front of a piss-filled supersoaker. Does that make it a good pistol? - Caboose314
I thought I was covered for 22 cans, but the NFAids is a bitch when it mutates - themagikbullet
I thought I was covered for 22 cans, but the NFAids is a bitch when it mutates - themagikbullet
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Originally Posted By sabre_kc: I wonder who he’s talking about. I’m under 100k, making more than I ever have, and feel great about it. This is the latest version of “they closed the mill and the town died” doom tripe I heard growing up in the 80s. Also Dollar General bro is a yardstick for success? Those stores are roach motels and are full of poor and usually fat, white people. I think I'm taking crazy pills. Yeah they closed the mill and it has been extremely destructive to our society. |
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Originally Posted By shrimpmoney: Complete BS. Who the hell goes to any grocery and convenience store and talks about how much they make? Imagine telling a cashier make $20 an hour, “I make $100k a year and feel broke.” Who does that? Nobody. But I did take a $50 winning scratch card into our local grocery that had been sitting in my office desk for several months. The lady at the desk noticed the game ended quite a while back, and exclaimed pretty loudly, "who forgets they have a $50 scratch card?" It was kind of embarrassing, but I understood exactly where she was coming from. |
Je suis prest
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Originally Posted By CaliContractor: Our monthly expenses are about 5k a month, no car payments , CC paid off monthly, house is 1,400 a month at 2.875. We eat out maybe once every few months, we just did this weekend as my MIl was in town visiting, dinner was about 350.00. The bulk of our income is going into 401k, we max ours out and my wife's business matches 100%. Definitely doesn't feel like High income even double and at times triple that. The GF and I are spending around $6500 a month for living expenses BUT we have 2 homes and a farm and hardly ever have to tap into our savings at this point. Granted we have no mortgages and no debt but we are home bodies, hardly ever eat out, just have basic cable for our entertainment and watch our expenses. I HATE spend waste, my father was really frugle and I think I got that from him. He passed away being a multi-millonaire, I think I'm heading towards that same path without tapping into our savings/investments. |
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Originally Posted By sabre_kc: Anybody worth 7 digits (assets minus liabilities > 1 million USD) today means exactly the same thing it meant 25 years ago. Inflation or no what that kind of net worth means is that nobody owns you and you can do what you want, then and now. Originally Posted By sabre_kc: Originally Posted By bjkb1f: Inflation is a thing. Just like being a millionaire doesn’t mean the same thing it meant 25 years ago. Anybody worth 7 digits (assets minus liabilities > 1 million USD) today means exactly the same thing it meant 25 years ago. Inflation or no what that kind of net worth means is that nobody owns you and you can do what you want, then and now. Hahahaha!!! A million dollar plus net worth isn’t shit in 2026. Around 20% of U.S. households have a million dollar net worth or more. So top quintile. Big fucking deal. I can’t eat my home equity either. Nor can I use it for a 4% withdrawal rate. The idea that a million dollar net worth means you can do what you want hasn’t made sense at any time this decade or most of the last one, unless you want to retire in Bangladesh. Let’s say you have a $400k house, no mortgage, no vehicle loan and no revolving debt with $100k in the bank and $500k in your 401(k). The $100k in the bank generates maybe $3,000 and the 401(k) you can tap for $20,000 for a safe 4% withdrawal rate, assuming you’re not yet doing RMDs. How are you supposed to live off of $23,000? Let’s say you’re old enough to collect Social Security. The average benefit in 2026 is around $25,000. Now you’re a big shot pulling in $48k. Pre-tax. Even in a low cost of living area, that’s a pretty meager existence. |
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Originally Posted By Guitargod1985: Hahahaha!!! A million dollar plus net worth isn’t shit in 2026. Around 20% of U.S. households have a million dollar net worth or more. So top quintile. Big fucking deal. I can’t eat my home equity either. Nor can I use it for a 4% withdrawal rate. The idea that a million dollar net worth means you can do what you want hasn’t made sense at any time this decade or most of the last one, unless you want to retire in Bangladesh. Two words: Reverse mortgage. |
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Breaking news: dumb faggot who makes $8 million a year thinks he can speak on behalf of lower-class Americans. 
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“At the end of it all, it's the code you live by that defines who you are.”
“There’s no greater enemy than the mortal enemy of a friend.”
“There’s no greater enemy than the mortal enemy of a friend.”
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Originally Posted By 0311SKI: "Why are the customers all gone Todd?" "I dont know Margo..." Originally Posted By 0311SKI: Originally Posted By LV1976: Originally Posted By CouncilOfDave: Originally Posted By shrimpmoney: Complete BS. Who the hell goes to any grocery and convenience store and talks about how much they make? Imagine telling a cashier make $20 an hour, "I make $100k a year and feel broke." Who does that? You mean that Dollar General cashiers don't pick up the phone to call DG corporate and say, "Hey, is Todd there? Yeah, just tell him its me." "Why are the customers all gone Todd?" "I dont know Margo..." 
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Originally Posted By imq707s: You absolutely can be. If you can't figure out how to live within your means.......you can be sweating all that stuff, no matter how much money you make. $100K is a pretty good salary. Originally Posted By imq707s: Originally Posted By woodsie: Originally Posted By imq707s: I'd love to see the budget of those six-figure earners that say they "don't feel high income"....... probably spending thousands a month on junk, going out to eat, huge car payments, 10 different streaming services, starbucks, etc, etc...... But nobody wants to ever talk about that....... No different that those people who win millions in the lottery, and then are bankrupt in a couple of years. Some people are just bad with money....no matter how much they make, they are always broke. "Six-figure earners" covers a pretty wide chasm between $100k and $999k. But we're talking about people making $100k per year and we aren't talking about people feeling "poor" we are talking about people "not feeling high income". If you are sweating car payments, eating out, streaming subscriptions, and starbucks, you definitely aren't high income. You absolutely can be. If you can't figure out how to live within your means.......you can be sweating all that stuff, no matter how much money you make. $100K is a pretty good salary. I'm not sure what the disconnect is here. I'm speaking to your original point in the context of the subject of the thread. This isn't over whether $100k is a pretty good salary or not. It's not about whether you can make it simply by living in your means. We are talking about the simple observation that it's no longer high on the hog in the same way it used to be. |
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Originally Posted By ZF-1: 100k is the new minimum wage... You're joking, but a family of four with a household income of 40k can collect about 40k worth of welfare benefits. 80k isn't that far off 100k. |
We're getting close, real close. And now for some more bad news... Ready?
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Originally Posted By King_Mud: I’m not saying that you’re lying but a couple meals out of a chicken for a family of three? Are you mice? I have two teenage boys and it’s closer to a chicken each than making several meals out of one. Originally Posted By King_Mud: Originally Posted By imq707s: Originally Posted By billth777: Originally Posted By imq707s: I'd love to see the budget of those six-figure earners that say they "don't feel high income"....... probably spending thousands a month on junk, going out to eat, huge car payments, 10 different streaming services, starbucks, etc, etc...... But nobody wants to ever talk about that....... No different that those people who win millions in the lottery, and then are bankrupt in a couple of years. Some people are just bad with money....no matter how much they make, they are always broke. $1300 mortgage, one $400 car payment, eat out once every other month maybe. Most of my streaming services are 'free' with other subscriptions (tmobile and Amex). Our largest expense BY FAR is groceries. $600-$700 a week. It's tripled since 2020. How big is your family? That's a ton of money on groceries. What are you buying??  I probably spend $200 a week for our family of 3, and I'm not skimping on anything. But I also cook every meal, and don't buy much per-packaged or processed stuff. Chicken, Pork, Veggies, Fruit....$200 will get a lot of that. Hell, we get those rotisserie chickens from Costco for $5. I can make a couple of meals out of that pretty easily. I’m not saying that you’re lying but a couple meals out of a chicken for a family of three? Are you mice? I have two teenage boys and it’s closer to a chicken each than making several meals out of one. Some of the people in this thread wouldn't know whether to shit or go blind if they saw how many eggs and how much ground beef my 18 year old stepson eats. |
We're getting close, real close. And now for some more bad news... Ready?
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Originally Posted By EMP: I honestly don't see how people survive on $100K and still invest in their future. I assume 100% of their salary goes to living and there is nothing invested for the future. I think housing, and when they got it, is the big x factor for most people. Trying to buy today vs having bought in 2019 could easily be the difference between having the dough to make solid impact on the ol' 401k every year. I bought my current place in 2019. The the mortgage on it if bought today would probably be about double between appreciation and higher rates. |
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Originally Posted By sabre_kc: Anybody worth 7 digits (assets minus liabilities > 1 million USD) today means exactly the same thing it meant 25 years ago. Inflation or no what that kind of net worth means is that nobody owns you and you can do what you want, then and now. Originally Posted By sabre_kc: Originally Posted By bjkb1f: Inflation is a thing. Just like being a millionaire doesn’t mean the same thing it meant 25 years ago. Anybody worth 7 digits (assets minus liabilities > 1 million USD) today means exactly the same thing it meant 25 years ago. Inflation or no what that kind of net worth means is that nobody owns you and you can do what you want, then and now. Maybe you can be really frugal and get by if you don't have a family, but a million dollars isn't going to carry you decades unless you're planning on living in poverty for the rest of your life. At a conservative 3% draw down, that's 30k/yr. Poverty level for a family of four is ~30k/yr. |
We're getting close, real close. And now for some more bad news... Ready?
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Originally Posted By tifosi: +1 The purchasing power of a dollar is less each year. That's not some revolutionary statement, we all know that. It is what it is. But we live in a consumer driven society. People are programmed to spend money and they do so freely. So it doesn't really matter what their income is, they spend it. Learning how to suppress that dopamine hit of instant gratification and not spend on shit that brings no meaning into your life, instead opting to save and invest and live frugally, is like a super power. |
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Originally Posted By sq40: Just look at the average home price in your area, and average mortgage rate, property tax and homeowners insurance. Then look at one basic used car price and interest rate. Originally Posted By sq40: Originally Posted By imq707s: I'd love to see the budget of those six-figure earners that say they "don't feel high income"....... probably spending thousands a month on junk, going out to eat, huge car payments, 10 different streaming services, starbucks, etc, etc...... But nobody wants to ever talk about that....... No different that those people who win millions in the lottery, and then are bankrupt in a couple of years. Some people are just bad with money....no matter how much they make, they are always broke. Just look at the average home price in your area, and average mortgage rate, property tax and homeowners insurance. Then look at one basic used car price and interest rate. Yeah. And then the cost of food, gas and medical insurance. $100,000 isn't poor but in many parts of the country it isn't really upper middle class anymore either. |
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Originally Posted By LV1976: And there it is, GD's favorite trope that if people would just quit drinking Starbucks, their economic struggles will disappear. Originally Posted By LV1976: Originally Posted By imq707s: I'd love to see the budget of those six-figure earners that say they "don't feel high income"....... probably spending thousands a month on junk, going out to eat, huge car payments, 10 different streaming services, starbucks, etc, etc...... But nobody wants to ever talk about that....... No different that those people who win millions in the lottery, and then are bankrupt in a couple of years. Some people are just bad with money....no matter how much they make, they are always broke. And there it is, GD's favorite trope that if people would just quit drinking Starbucks, their economic struggles will disappear. you're right a $7 drink 30 times a month is just pennies at the end of the day. $210 bucks a month is only 65.6% of what it costs to keep my 2800 sqft house 72 degrees 24 hours a day in august in west central florida. or 73.6% of my buddies car payment or 7 phone lines with my cell phone carrier or 2 months of my internet or $25 more than full coverage on my 4 vehicles ($100,000-$300,000 coverage) through progressive. or basically nothing. now just add in a pack of smokes day, a couple cheap mcdonalds value meals a day, a financed top tier phone, and a new tattoo every couple months, baby daddy / baby momma bail money every now and then, a little bit of weed here and there. its only a $10 here and there all day, basically nothing. hell min wage is $15 here. $10 only takes 66.6% of an hour that's only 40 minutes of my time im only gonna spend 16 of them $10 bills here and there and everywhere a day "it should be fine by the end of the month". this math is how ive made a fortune in the pawn business. this math is the same math that tells customers that 300% apr really isn't 300% its only 25% a month. i honestly thought "common core math" was bad when it first came out but buddy like mcdonalds, "im loving it". 
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Originally Posted By ecreps: That's kind of the point of the article, 6 figure earners can't afford to buy a new car every 5 years, can't afford to go out to eat, and can't afford small daily luxuries. That firmly puts them not in the "high income" category. High income insinuates that you can have luxuries in live without stressing about them. We aren't talking ferrari here, we are tyalking about new or lightly pre-owned fords and GMs and Toyotas. Originally Posted By ecreps: Originally Posted By imq707s: I'd love to see the budget of those six-figure earners that say they "don't feel high income"....... probably spending thousands a month on junk, going out to eat, huge car payments, 10 different streaming services, starbucks, etc, etc...... But nobody wants to ever talk about that....... No different that those people who win millions in the lottery, and then are bankrupt in a couple of years. Some people are just bad with money....no matter how much they make, they are always broke. That's kind of the point of the article, 6 figure earners can't afford to buy a new car every 5 years, can't afford to go out to eat, and can't afford small daily luxuries. That firmly puts them not in the "high income" category. High income insinuates that you can have luxuries in live without stressing about them. We aren't talking ferrari here, we are tyalking about new or lightly pre-owned fords and GMs and Toyotas. i am a truck guy, specifically a ford super duty guy. an f250 xl 4x4 (pretty basic with power windows, mirrors, door locks, and cruise control) is $60k here. the same truck fully loaded top trim is $100,000. i rarely see xl trucks running around, people are financing $40k just for extra packages on this base truck. i guess why not its only $1700 a month for 7 years what could go wrong? most of my customers drive "better" vehicles then i do, everything they have is brand name. i have one customers 3 most current i phones, just keep paying me that $150 a month in interest. she is currently driving a new mid tier mercedes sedan. 
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Originally Posted By sabre_kc: Anybody worth 7 digits (assets minus liabilities > 1 million USD) today means exactly the same thing it meant 25 years ago. Inflation or no what that kind of net worth means is that nobody owns you and you can do what you want, then and now. Originally Posted By sabre_kc: Originally Posted By bjkb1f: Inflation is a thing. Just like being a millionaire doesn’t mean the same thing it meant 25 years ago. Anybody worth 7 digits (assets minus liabilities > 1 million USD) today means exactly the same thing it meant 25 years ago. Inflation or no what that kind of net worth means is that nobody owns you and you can do what you want, then and now. you're right to an extent. i just sold my shops in march-ish, i owed nothing, i kept all the precious metals and refined them. i cleared a little more than that, plus the 20+ years of savings, retirement accounts, investments, ect. i am a "rich" man "on paper", and my wife's income covers all the bills (nothing owed just utilities, insurances, ect), but in this economy im living tighter than a bull frogs asshole. if you dont think $1000 a month grocery bill for 2 people that eat home cooked whole foods doesnt sting (no matter how much money you have) youre crazy. $200 tank of gas stings. whats that gonna do to the electric bill in a few months went they add the "fuel surcharge". my lights will never be turned off, my gas tank will never be empty, but anyone not currently watching that bottom line is in my opinion an idiot. |
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Originally Posted By HKPDW: Are you enjoying your Bidenflation yet? BS. I voted for Trump 3x, never got him once. “Biden inflation” was the result of Trump’s economic and fiscal policies during Covid. As much as I hate Biden, I can’t even pin this on him. Even Ray Charles sees it. |
“They surrounded me on every side, but in the name of the Lord I cut them down."
Psalm 118:11
Psalm 118:11
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Originally Posted By cancard: BS. I voted for Trump 3x, never got him once. “Biden inflation” was the result of Trump’s economic and fiscal policies during Covid. As much as I hate Biden, I can’t even pin this on him. Even Ray Charles sees it. Originally Posted By cancard: Originally Posted By HKPDW: Are you enjoying your Bidenflation yet? BS. I voted for Trump 3x, never got him once. “Biden inflation” was the result of Trump’s economic and fiscal policies during Covid. As much as I hate Biden, I can’t even pin this on him. Even Ray Charles sees it. Those policies were very much bipartisan. Trump signed many of the related bills into law but both parties teamed up on that dumpster fire. |
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Originally Posted By MtnMusic: That's using the government official inflation numbers. Looking at real world inflation, it's more like the equivalent of making 53k 8 years ago. Originally Posted By MtnMusic: Originally Posted By 0311SKI: 100k isnt high income. Its the equivalent of making 53k a year 25 years ago. That's using the government official inflation numbers. Looking at real world inflation, it's more like the equivalent of making 53k 8 years ago. I don’t know about that. I was making a lot more than $53,009 8 years ago, I make more than $100k now.but I definitely have more financial freedom than I did 8 years ago. According to the .gov calculators i have used for inflation $100,000 is about $73,000 8 years ago. However inflation absolutely stagnated about half of any of my increases in pay for sure, and I certainly don’t feel like I’ve gotten ahead. I bought a house about 10 years ago and if I had to buy my same house now, that would eat even more in to any kind of salary growth to a very depressing degree 100%. I look at my financial wealth meter as how many really nice car guitars I have the ability to have, and at least I’ve grown my collection a lot….:(. Certainly I have more freedom to buy a guitar when I want too.m now than 8-10 years ago. Guitars are a lot more expensive than they were 10 years ago. I’m being half facetious here, but at least guitars can be a slight appreciable asset you can enjoy! I have the ability to save now that I didn’t 10 years ago but I am still not able to save as much as I would like and should be saving. I have only recently been able to do some real retirement savings and am behind. I bet that is true for many people simply due to the cost of buybacks by a house which is absolutely absurd. Property taxes are completely out of control, everywhere. Taxes on every create income stagnation too. I live in the Midwest in a medium sized market. I bet in places like LA, Chicago, NYNY, Boston, Denver this math is much different for people and maybe that $100k being like $53k really is true. Cant imagine living in those places though on multiple levels. |
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Originally Posted By BuddyChryst: I have applicants with no experience except an internship expecting $90K. Yeah, it ain’t what it used to be, but it’s still good to live very comfortably. It’s a huge issue with what new employees, especially fresh out of college are demanding. They are demanding what 3-4 year employees are making, and in some cases I am seeing those demands met, and the 3-4 year employee are quitting when they find out. There is probably a market correction needed that employers are going to have to deal with for existing employees, or people are going to leave. It’s a big enough gap that people are really paying attention. |
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Originally Posted By LV1976: And there it is, GD's favorite trope that if people would just quit drinking Starbucks, their economic struggles will disappear. True. That coffee isn't what is keeping them out of buying a house. But it makes it hard to feel sorry for someone who just dropped 10% of that day's pay on sweetened coffee. And those same folks door dashing fast food to the nurses' station at noon.  |
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There is nowhere left to go... this is it.
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I average around 300k and have for over a decade. It’s not what it used to be. Purchasing power is about half. Stay at home wife and kids, with all the normal expenses of every day life, and it’s not rich at the end of the day. Not even close. |
"They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety."
Ben Franklin
Ben Franklin
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Originally Posted By Bubbatheredneck: I was in an elevator months ago listening to two $15-16/hr nurses aids complaining about the high cost of everything while sipping their Starbucks with the name/label/price sticker plainly visible the side. $12 and some change for their fancy drink. Hard to feel sorry for someone who just dropped 10% of that day's pay on sweetened coffee. And those same folks door dashing fast food to the nurses' station at noon. My wife's job has entry level employees that spend 25% of their net pay to have Uber Eats and DoorDash bring them breakfast and lunch to work every day. |
Extorris, because he's a heartless cunt. The purity of his apathy is laboratory grade, and I sleep well knowing that he's out there somewhere,
not giving a shit about anyone or anything.
not giving a shit about anyone or anything.
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Originally Posted By C3H5N3O9: You're joking, but a family of four with a household income of 40k can collect about 40k worth of welfare benefits. 80k isn't that far off 100k. This is is pretty telling. That means for intents and purposes that 40k to 80k income results in the same quality of life for a family of 4. |
How do you do?
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Originally Posted By Extorris: My wife's job has entry level employees that spend 25% of their net pay to have Uber Eats and DoorDash bring them breakfast and lunch to work every day. I have heard this is a thing for 20 something’s and fresh out of college folks. That’s just plain ridiculous. I only door dash once in a while when I want to be lazy and feel guilty after looking at the cost. |
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Originally Posted By tier1bro: you're right to an extent. i just sold my shops in march-ish, i owed nothing, i kept all the precious metals and refined them. i cleared a little more than that, plus the 20+ years of savings, retirement accounts, investments, ect. i am a "rich" man "on paper", and my wife's income covers all the bills (nothing owed just utilities, insurances, ect), but in this economy im living tighter than a bull frogs asshole. if you dont think $1000 a month grocery bill for 2 people that eat home cooked whole foods doesnt sting (no matter how much money you have) youre crazy. $200 tank of gas stings. whats that gonna do to the electric bill in a few months went they add the "fuel surcharge". my lights will never be turned off, my gas tank will never be empty, but anyone not currently watching that bottom line is in my opinion an idiot. Originally Posted By tier1bro: Originally Posted By sabre_kc: Originally Posted By bjkb1f: Inflation is a thing. Just like being a millionaire doesn’t mean the same thing it meant 25 years ago. Anybody worth 7 digits (assets minus liabilities > 1 million USD) today means exactly the same thing it meant 25 years ago. Inflation or no what that kind of net worth means is that nobody owns you and you can do what you want, then and now. you're right to an extent. i just sold my shops in march-ish, i owed nothing, i kept all the precious metals and refined them. i cleared a little more than that, plus the 20+ years of savings, retirement accounts, investments, ect. i am a "rich" man "on paper", and my wife's income covers all the bills (nothing owed just utilities, insurances, ect), but in this economy im living tighter than a bull frogs asshole. if you dont think $1000 a month grocery bill for 2 people that eat home cooked whole foods doesnt sting (no matter how much money you have) youre crazy. $200 tank of gas stings. whats that gonna do to the electric bill in a few months went they add the "fuel surcharge". my lights will never be turned off, my gas tank will never be empty, but anyone not currently watching that bottom line is in my opinion an idiot. Congratulations on your success. Cooking at home is the financial game changer IMO. When I started cooking 8 years ago it was with the goal of saving money to pay our house off, I became a bit obsessive about it and now I’m pro level. Can feed the fam chicken, turkey, or pork, long grain wild rice, and broiled broccoli for around that now depending on meat prices when I buy. If I make a soup or red sauce, it gets even less expensive. You’re absolutely right about watching the bottom line as that is the number that matters, but I’m convinced most people don’t have a clue what theirs is because they’re leveraged to their gills and must work to pay their bills. My net worth is likely in the low 600s now. I buy what I want, I go where I want, and I do what I want when I get there. It’s nice. |
"Whoever dares to look upon them as an irregular mob will find himself very much mistaken. They have men amongst them who know very well what they are about.” Lt Gen Hugh Percy
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Just like the Government they are drunk on spending with abandon. I'm lucky if I match a 1/4 of that this year, But I pay rent to the bank at 4.5% in the hope that I can maintain and improve this fixer upper, and one day just limit my payment to the county annually. I drive a 26 year old Chevy with vinyl floors and crank windows and non functioning A/C in East Texas, yeah, I'm hot 80% of the year right now. I picked up a second job in the last 2 months that fits my schedule and pays more than job 1. Current plans are a newer used Civic/Corolla/Mazda 3 with functioning A/C. Some pier and beam foundation repairs and slow walking bathroom repair/upgrading. My luxuries are a dog, the occasional bottle and fiber that has a basic TV package. No woman, no cry. It can be done, I'm living it. It's not glamorous, I don't insta constantly or Face page. I work, go to church and try to keep 2 acres from imploding by myself and a four legged creature. Like I said, it's not glamorous, but I'm not living for an audience, I'm living for my best life. PRIORITIES, I'll leave it there. (I already have toys from before the big "D" came to town.) I'm at the point I need to consider a non family successor for meager estate. I don't plan on leaving soon, but I need to identify that person. I have 2 legal heirs and one is right behind me and the other, nothing wrong with, other than I cannot in good faith leave certain things in their control. True story. 
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