Quote (Hubris @ Dec 30 2014 10:43pm)

300/month for a car? How much are you financing? Any new car amount would be crazy amount of interest at that repayment rate.

Quote (Hubris @ Dec 30 2014 08:43pm)

300/month for a car? How much are you financing? Any new car amount would be crazy amount of interest at that repayment rate.

Quote (Duckling @ Dec 30 2014 06:02pm)

vouch this...

i used to work 4 10's back when i was 18 and first become a manager, BOY O BOY O BOY that was the BEST 18 months of work i have had.


P.S. wtf does someone do to make 110k a year @ 25 -.-'

Quote (MutatedBeaveR @ Dec 30 2014 10:17pm)

how is 110k/year not much? even if u have a wife who sits on a couch all day thats still a nice life. but nn that kind of wife.

Quote (Deathslaya16 @ 30 Dec 2014 19:39)

would love to do something like dis

8 hrs/day is just dat awkward amt of time...can't do much with ur remaining time for rest of day

wood work 3 12s over 5 8s anyday

Quote (carteblanche @ 30 Dec 2014 23:29)

i didn't say it's "not much"; i said i think it's not enough to work 20 years to support 40 years retirement if you're the single bread winner in a family of 4. it's a good living if you're single and a comfortable living if you have a family, though. it's middle class, comparable to a family where each parent makes 55k/year. if both spouses make 100k/year, then that's a different story. that's upper middle class or lower upper class.

and god help you if you're in california. 2k/month for a 1br apt, 4k+/month easy for a house to support a family which is your entire paycheck.

Quote (carteblanche @ Dec 31 2014 01:39am)

i'm making around that as a software developer. just requires a 4 year bachelors


Is that without a company contribution? in america, health insurance is only affordable if your employer helps, which is standard. as soon as you're unemployed, the rate skyrockets, especially for a family plan. coworker is a contractor (c2c) so he pays his own health insurance, which is 1500$/month for a family of 4. thats one of the main reasons many people wait until 67ish to retire.



my friend's family is in real estate. her aunt has 10 rental homes i think, so she has a really comfortable living. i'm looking into rental homes myself in the next year or two. i'm buying a modest 160k town house for myself, and the 32k down payment + 3-5k closing costs + a few thousand for furniture/enhancements would seriously rape that 50k savings, and it'll take a few years to build that back up. as soon as you have kids, your expenses shoot up dramatically.

right now, i'm looking at

800/month mortgage
200/month HOA
100/month internet + cable
100-200/month electric + gas
200/month gas for car
100/month car insurance
400/month food (not entirely sure on this one)
500-1000$/month supporting parents

that's around 2k/month for just me, and my car is paid off and i use the company phone. if i get a new car, that's another 300/month, and if you have a wife, that's another 300/month for her car. your phone bill for the family can easily run 100/month for a family. and you have to pay for clothes / entertainment / car maintenance / house maintenance / christmas gifts / pets / vacations / etc. and for each kid, your expenses increase even more. you can very quickly spend 3-4k/month. that's a comfortable living @ 100k/year, but not a whole lot of savings.

on the other hand, if your wife works and makes 100k/year, then it's much more comfortable because you'll have 9k/month coming in instead of 4500/month

Quote (carteblanche @ Dec 30 2014 11:29pm)

i didn't say it's "not much"; i said i think it's not enough to work 20 years to support 40 years retirement if you're the single bread winner in a family of 4. it's a good living if you're single and a comfortable living if you have a family, though. it's middle class, comparable to a family where each parent makes 55k/year. if both spouses make 100k/year, then that's a different story. that's upper middle class or lower upper class.

and god help you if you're in california. 2k/month for a 1br apt, 4k+/month easy for a house to support a family which is your entire paycheck.