Supposeblywap wrote: ↑Wed Nov 13, 2019 9:20 pm$80k/yr is rich?max225 wrote: ↑Wed Nov 13, 2019 8:20 pm
I don't think the average "new car buyer" is also "average person with <5K in savings" they are two different pools of people.
https://hedgescompany.com/blog/2019/01/ ... hics-2019/
Looks like boomers are buying new.
Also it looks like 40% make over 100k
31% of 's make <50k which have no business buying.
And 93% are home owners...
These people are rich!
2019 :Plac: List! - Plac Friday Approaches.
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I could easily get by on 80k on the outskirts of Austin. With two new cars and a new house at 300kwap wrote: ↑Wed Nov 13, 2019 9:20 pm$80k/yr is rich?max225 wrote: ↑Wed Nov 13, 2019 8:20 pm
I don't think the average "new car buyer" is also "average person with <5K in savings" they are two different pools of people.
https://hedgescompany.com/blog/2019/01/ ... hics-2019/
Looks like boomers are buying new.
Also it looks like 40% make over 100k
31% of 's make <50k which have no business buying.
And 93% are home owners...
These people are rich!
And wife could stay at home to take care of business
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A pulse, a drivers license, a minimum wage job and a credit score starting with a 6 is all you need.Huckleberry wrote: ↑Wed Nov 13, 2019 8:00 pmI don't think it takes a fat bank account to get a car loan.
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I love that Zil’s goal was to stay off it, Johnny still hasn’t bought a bike or a car, an 86 shows up, the Golf is back, and we’re all just
Business as usual.
I’m firmly on a 2 year depreciation suicide schedule. Time to start planning my MY2022 terrible decision.
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DFD gonna DFD.fledonfoot wrote: ↑Wed Nov 13, 2019 10:43 pmI love that Zil’s goal was to stay off it, Johnny still hasn’t bought a bike or a car, an 86 shows up, the Golf is back, and we’re all just
Business as usual.
I’m firmly on a 2 year depreciation suicide schedule. Time to start planning my MY2022 terrible decision.
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Leftover 2021 Supra.fledonfoot wrote:I love that Zil’s goal was to stay off it, Johnny still hasn’t bought a bike or a car, an 86 shows up, the Golf is back, and we’re all just
Business as usual.
I’m firmly on a 2 year depreciation suicide schedule. Time to start planning my MY2022 terrible decision.
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fledonfoot wrote: ↑Wed Nov 13, 2019 10:43 pmI love that Zil’s goal was to stay off it, Johnny still hasn’t bought a bike or a car, an 86 shows up, the Golf is back, and we’re all just
Business as usual.
I’m firmly on a 2 year depreciation suicide schedule. Time to start planning my MY2022 terrible decision.
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Which is?
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House shit and crotchfruit. It’s the texass way homeboy
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Sure, YOU can. You've got massive bank socked away. By what metric is $80k/yr considered "rich", ?
Or maybe "rich" needs to be defined first.
Do we already have a powl for this?
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It was sarcasm to some extent. I am saying that it is completely possible to live on 80k in a lot of the flyover states. Complete with house and new cars
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Here is the budget:
John Doe
Welder
Pre tax income 80k
Benefits 2 weeks vacay + employer subsidized health insurance.
22% Tax bracket/No state income tax, plenty of deductions.
Effective tax rate should be at or below 10%
10% pre tax 401k
~63k take home income
$5250 disposable income.
3 years of saving resulted in a 20% down so there is no PMI
30 year mortgage is $1599 including Insurance+prop taxes
$3650 left for groceries/car etc.
Gas is cheap so $250 for fuel
$350 a month x2 for two cars
1k for groceries/eating out
$500 a month for random splurges and
$500 a month for a rainy day fund.
and $700 left to burn on hookers or blow.
Plenty of room in the budget and frankly that doesn't sound like a bad life to me.
John Doe
Welder
Pre tax income 80k
Benefits 2 weeks vacay + employer subsidized health insurance.
22% Tax bracket/No state income tax, plenty of deductions.
Effective tax rate should be at or below 10%
10% pre tax 401k
~63k take home income
$5250 disposable income.
3 years of saving resulted in a 20% down so there is no PMI
30 year mortgage is $1599 including Insurance+prop taxes
$3650 left for groceries/car etc.
Gas is cheap so $250 for fuel
$350 a month x2 for two cars
1k for groceries/eating out
$500 a month for random splurges and
$500 a month for a rainy day fund.
and $700 left to burn on hookers or blow.
Plenty of room in the budget and frankly that doesn't sound like a bad life to me.
Saving $60k cash three years with multiple cf on $80k pre tax?max225 wrote: ↑Thu Nov 14, 2019 1:53 pm Here is the budget:
John Doe
Welder
Pre tax income 80k
Benefits 2 weeks vacay + employer subsidized health insurance.
22% Tax bracket/No state income tax, plenty of deductions.
Effective tax rate should be at or below 10%
10% pre tax 401k
~63k take home income
$5250 disposable income.
3 years of saving resulted in a 20% down so there is no PMI
30 year mortgage is $1599 including Insurance+prop taxes
$3650 left for groceries/car etc.
Gas is cheap so $250 for fuel
$350 a month x2 for two cars
1k for groceries/eating out
$500 a month for random splurges and
$500 a month for a rainy day fund.
and $700 left to burn on hookers or blow.
Plenty of room in the budget and frankly that doesn't sound like a bad life to me.
Also insurance for a family is like $1k/month after company subsidy in most cases.
I mean, you could live off that, but having been in a domestic partnership of sorts at $100k/year sans CF... it was aight but not rich.
I’d say rich is like Troy level and up...
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I already said "rich" was somewhat of a joke. The point is I am "rich" here in cali and I'd have to be at 400k a year to replicate some of this.D Griff wrote: ↑Thu Nov 14, 2019 3:03 pmSaving $60k cash three years with multiple cf on $80k pre tax?max225 wrote: ↑Thu Nov 14, 2019 1:53 pm Here is the budget:
John Doe
Welder
Pre tax income 80k
Benefits 2 weeks vacay + employer subsidized health insurance.
22% Tax bracket/No state income tax, plenty of deductions.
Effective tax rate should be at or below 10%
10% pre tax 401k
~63k take home income
$5250 disposable income.
3 years of saving resulted in a 20% down so there is no PMI
30 year mortgage is $1599 including Insurance+prop taxes
$3650 left for groceries/car etc.
Gas is cheap so $250 for fuel
$350 a month x2 for two cars
1k for groceries/eating out
$500 a month for random splurges and
$500 a month for a rainy day fund.
and $700 left to burn on hookers or blow.
Plenty of room in the budget and frankly that doesn't sound like a bad life to me.
Also insurance for a family is like $1k/month after company subsidy in most cases.
I mean, you could live off that, but having been in a domestic partnership of sorts at $100k/year sans CF... it was aight but not rich.
I’d say rich is like Troy level and up...
Health insurance I addressed we're assuming good job at 80k that covers people.
And yes saving 60k on 80k BEFORE CF seems like a prudent thing to do, that's 1/3 of the take home. I don't care for those that decided to have CF at 15 and then take on 300k in student loan debt. There is no helping those idiots. I am talking a normal reasonable person who understands the value of money/education etc. It isn't THAT hard.
@:rudy:
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Agreed that it's possible, sure, but $80k/yr ain't rich.
Last edited by wap on Thu Nov 14, 2019 8:24 pm, edited 1 time in total.
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D Griff wrote: ↑Thu Nov 14, 2019 3:03 pmSaving $60k cash three years with multiple cf on $80k pre tax?max225 wrote: ↑Thu Nov 14, 2019 1:53 pm Here is the budget:
John Doe
Welder
Pre tax income 80k
Benefits 2 weeks vacay + employer subsidized health insurance.
22% Tax bracket/No state income tax, plenty of deductions.
Effective tax rate should be at or below 10%
10% pre tax 401k
~63k take home income
$5250 disposable income.
3 years of saving resulted in a 20% down so there is no PMI
30 year mortgage is $1599 including Insurance+prop taxes
$3650 left for groceries/car etc.
Gas is cheap so $250 for fuel
$350 a month x2 for two cars
1k for groceries/eating out
$500 a month for random splurges and
$500 a month for a rainy day fund.
and $700 left to burn on hookers or blow.
Plenty of room in the budget and frankly that doesn't sound like a bad life to me.
Also insurance for a family is like $1k/month after company subsidy in most cases.
I mean, you could live off that, but having been in a domestic partnership of sorts at $100k/year sans CF... it was aight but not rich.
I’d say rich is like Troy level and up...
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Don't you make the same as us?D Griff wrote:Saving $60k cash three years with multiple cf on $80k pre tax?max225 wrote: ↑Thu Nov 14, 2019 1:53 pm Here is the budget:
John Doe
Welder
Pre tax income 80k
Benefits 2 weeks vacay + employer subsidized health insurance.
22% Tax bracket/No state income tax, plenty of deductions.
Effective tax rate should be at or below 10%
10% pre tax 401k
~63k take home income
$5250 disposable income.
3 years of saving resulted in a 20% down so there is no PMI
30 year mortgage is $1599 including Insurance+prop taxes
$3650 left for groceries/car etc.
Gas is cheap so $250 for fuel
$350 a month x2 for two cars
1k for groceries/eating out
$500 a month for random splurges and
$500 a month for a rainy day fund.
and $700 left to burn on hookers or blow.
Plenty of room in the budget and frankly that doesn't sound like a bad life to me.
Also insurance for a family is like $1k/month after company subsidy in most cases.
I mean, you could live off that, but having been in a domestic partnership of sorts at $100k/year sans CF... it was aight but not rich.
I’d say rich is like Troy level and up...
We do spend about $8k a year on healthcare for the 2 of us
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Woman and I are at $1400, and that’s pre being on the same account, same account would be $1000troyguitar wrote: ↑Thu Nov 14, 2019 8:26 pmDon't you make the same as us?D Griff wrote:
Saving $60k cash three years with multiple cf on $80k pre tax?
Also insurance for a family is like $1k/month after company subsidy in most cases.
I mean, you could live off that, but having been in a domestic partnership of sorts at $100k/year sans CF... it was aight but not rich.
I’d say rich is like Troy level and up...
We do spend about $8k a year on healthcare for the 2 of us
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Rich? No.
Livable? Absolutely.
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This is what I have been saying. Livable (depending on area), but not rich.
Yep similar I think... and I’d consider myself rich. Way less healthcare spend though, thanks to company merger, my cost next year will be like $200 unless something unexpected happens. The company we acquired must’ve had much better bennies than us prior to the merger, because ours are getting way better.troyguitar wrote: ↑Thu Nov 14, 2019 8:26 pmDon't you make the same as us?D Griff wrote:
Saving $60k cash three years with multiple cf on $80k pre tax?
Also insurance for a family is like $1k/month after company subsidy in most cases.
I mean, you could live off that, but having been in a domestic partnership of sorts at $100k/year sans CF... it was aight but not rich.
I’d say rich is like Troy level and up...
We do spend about $8k a year on healthcare for the 2 of us
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Contact lenses alone cost about $500/year for us.
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That's cheap. I'm spending ~$1200/year on contacts for me and the wife is about the same.
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Hmm, maybe $500 is the price for 6 months. I'm now.CorvetteWaxer wrote:That's cheap. I'm spending ~$1200/year on contacts for me and the wife is about the same.
Are you on dailies? Ours are monthlies.