- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Feeling broke on a $665K salary
Posted on 1/21/24 at 11:28 am to Will Cover
Posted on 1/21/24 at 11:28 am to Will Cover
quote:
Wait till his wife of 19 years figures out what she can make on alimony and child support ...
She’ll bolt on to a younger buck.
0
Posted on 1/21/24 at 11:29 am to Will Cover
frick this dude
Posted on 1/21/24 at 11:29 am to Oilfieldbiology
quote:
$426k take home pay after taxes and you’re “struggling” to pay bills? This is a you problem.
Tom Wolfe described this beautifully in Bonfire of the Vanities about four decades ago. His protagonist was a NYC bond trader making over $900k. He was married with one kid and struggling ($900k was about $2.5 million today). Wolfe went through all of his expenses to show how they had trouble staying ahead - extraordinarily expensive school for the kid, rent for their Park Ave flat, etc.
Posted on 1/21/24 at 11:30 am to Will Cover
People who didn’t grow up with much or spent years earning little while building their career…..they all tend to over spend once they do actually get to a point where they earn well.
Posted on 1/21/24 at 11:31 am to Mo Jeaux
He should drop his Netflix too
Posted on 1/21/24 at 11:33 am to Will Cover
quote:
Ramit Sethi
Posted on 1/21/24 at 11:35 am to Will Cover
Didn't click the link yet but in most cases, you make more, you spend more. We fought this when I started working overseas. It becomes very easy to say yes to everything because you're under the impression that you can afford any and everything. My Pops used to say rich people just have bigger bills and while that can be true, you have to be able to have financial discipline.
If I'm making that much money and having trouble paying my bills, I'm having a sit-down with the wife and physically writing down everything we spend money on. Document where it's going. Then devise a budget off of that. Eliminate the dumb shite.
If I'm making that much money and having trouble paying my bills, I'm having a sit-down with the wife and physically writing down everything we spend money on. Document where it's going. Then devise a budget off of that. Eliminate the dumb shite.
Posted on 1/21/24 at 11:44 am to Will Cover
Intelligent enough to make it thru med school and be a successful surgeon.
Too stupid to manage a spreadsheet and bank account. Hah
Too stupid to manage a spreadsheet and bank account. Hah
Posted on 1/21/24 at 11:49 am to jcaz
quote:
Too stupid to manage a spreadsheet and bank account. Hah
Oh he knows how, he just doesn’t know to say no to his wife and kids
Posted on 1/21/24 at 11:53 am to Furious
quote:
He isn’t an idiot. If you aren’t financially minded, it is easy to see where most people wouldn’t realize the costs over time.
Million dollar per year athletes and actors are broke all the time. People are just dumb AF. They never think about "down the road"
Posted on 1/21/24 at 11:58 am to Will Cover
I once asked a boss for a raise and he told me “the more you make, the more you will spend. No one is ever happy”.
I was furious with him at the time, but I’ve learned he was right.
I was furious with him at the time, but I’ve learned he was right.
Posted on 1/21/24 at 11:58 am to LanierSpots
“How im ‘posed to feed my family on $665k a year ?! People dont understand da kind of problems and pressures $665k come wit. “
Posted on 1/21/24 at 12:04 pm to MyRockstarComplex
There’s an old joke where the partner of big law firm tells a young associate that they all make the same, which is 10 percent less than they spend.
Posted on 1/21/24 at 12:17 pm to Will Cover
We generally break 200 a year by a few thousand at our house every year and I finally admitted what I already knew....we're idiots. Sold all the shite I thought I needed, including the big house, and moved my kids where they wanted to be, albeit in a smaller and older place. I'll reach peak freedom May 2025 and I'm never going back.
Posted on 1/21/24 at 12:20 pm to Will Cover
It's a very real problem. I know people in that salary range that are broke. I know a guy that makes that much per year and had to take an uber to work for over a year because he had no money.
There's also way more people in that salary range that aren't broke
There's also way more people in that salary range that aren't broke
Posted on 1/21/24 at 12:21 pm to Will Cover
It doesn't sound like the Advisor's high fees are the problem.
Posted on 1/21/24 at 12:21 pm to Will Cover
quote:
Feeling broke on a $665K salary
I wish I had such problems
Posted on 1/21/24 at 12:24 pm to JasonDBlaha
quote:
This is what happens when you live above your means. With a $500,000 gross family income, you have to be blowing hundreds of thousands of dollars on trips and cars every year to even be in a hole like that. I don’t feel sorry for him one damn bit.
I’m trying to figure out how. That kind of salary you should be able to make your big purchases (house,cars, etc) without financing. So after that bills should be easily manageable
Posted on 1/21/24 at 12:25 pm to Will Cover
quote:
are still struggling to pay the bills.
Define struggling:
He's got two brokerage accounts totaling above 400k(whether that includes retirement funds or not dunno) that's got an AUM, a whole life policy, and a separate annuity.
Basically at the end of the day, he's not struggling, he just got sold a bunch of insurance/investment products from his financial "advisor" aka salesman because he didn't take the weekend to learn on his own. But I have a feeling he's going to be okay.
Posted on 1/21/24 at 12:26 pm to Will Cover
Only proves on thing… Lot of Dr’s don’t have common sense…
Page 2 of 9
Popular
Back to top
Follow TigerDroppings for LSU Football News