re: Single guys making $150-200k a year

100k goes a long ways depending on where you live.

Yeah I'd be dangerous too

quote:

---

I'm in the 35-40 range. shite sucks. Me, my bro and his wife could house and feed a family of 20 on the taxes we pay. It's disgusting.

---

I like how Kentucky has a lower cost of living but my paycheck in Texas or just a couple hours south in Tennessee would be $8,000 more per year just because I wouldn't pay state income tax or local tax. $8000 is a lot of money that translates to an extra $675 a month or extra $300 per paycheck.

I know they say they will get you in other ways like property taxes but would I really be paying an extra $675 in property taxes if I lived in Texas or Tennessee? No way.

quote:

---

I sometimes fantasize about what I would be able to do with my salary if I was single. It's just a fantasy though, I wouldn't trade my family for anything.

---

No doubt. I'd probably also be a huge degenerate anyway, so I think I'm alright.

But man, I can think of $5k in monthly expenses without thinking more than 3 seconds thar would disappear.

I don't know any guy making that much that's single.

Women are really good at projecting value. Those guys typically don't make it out of medical school/business school without a fiancee or serious girlfriend.

i had a banner year last year close to that range. i put most of the excess towards student loans and got my savings to 8-9 months of cushion

i am trying to have all of my student loans paid off by the end of next year, and then i focus on retirement investing and investing for economic output (Rent houses or businesses or whatever)

about $17k of student loans remaining are "high" interest (likely above what i'd get with investing) and i may just pay those off and take the excess i'd pay and start the retirement-investment stuff

quote:

---

Is this life as awesome as I'm imagining?

---

Absolutely.

quote:

---

i am trying to have all of my student loans paid off by the end of next year, and then i focus on retirement investing and investing for economic output (Rent houses or businesses or whatever)

---

Are you putting any money in your retirement accounts when paying off your loans?

I am wrestling with whether or not I should. I can't right now because I am completely maxed out on what I am contributing toward loans because I have an arrangement with one lender where if I pay them $20k by the end of the year they will close the account, which is what I am doing. Stretching me paper thin but will be worth it as they will write off $40k of principle.

But more so should I do it once I have that one paid off and more wiggle room with my dollars. My rule of thumb is to put 25% of my take home pay toward loans

It's fun and exciting until your pool of single people starts to dry up and everyone has kids. Then you start blowing money on senseless shite and make yourself miserable while working on your next adventure/niche in life.

I didn't hit the $300k mark until I had 2 kids. GOD GIVES YOU WHAT YOU NEED WHEN YOU NEED IT.