2019 :Plac: List! - Plac Friday Approaches.

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Johnny_P
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wap wrote: Wed Nov 13, 2019 9:20 pm
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. :lol:

Also it looks like 40% make over 100k
31% of :derp: 's make <50k which have no business buying.



And 93% are home owners...

These people are rich!
$80k/yr is rich?
Supposebly
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max225
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wap wrote: Wed Nov 13, 2019 9:20 pm
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. :lol:

Also it looks like 40% make over 100k
31% of :derp: 's make <50k which have no business buying.



And 93% are home owners...

These people are rich!
$80k/yr is rich?
I could easily get by on 80k on the outskirts of Austin. With two new cars and a new house at 300k
And wife could stay at home to take care of business
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Huckleberry wrote: Wed Nov 13, 2019 8:00 pm
Johnny_P wrote: Wed Nov 13, 2019 3:56 pm

Not everyone is rich
I don't think it takes a fat bank account to get a car loan.
A pulse, a drivers license, a minimum wage job and a credit score starting with a 6 is all you need.
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Apex wrote: Wed Nov 13, 2019 1:04 pm I’m :mindblown: that :mahtroy: made the list twice this year. :impressive:
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 :wrong:

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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Apex
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fledonfoot wrote: Wed Nov 13, 2019 10:43 pm
Apex wrote: Wed Nov 13, 2019 1:04 pm I’m :mindblown: that :mahtroy: made the list twice this year. :impressive:
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 :wrong:

Business as usual.

I’m firmly on a 2 year depreciation suicide schedule. Time to start planning my MY2022 terrible decision.
DFD gonna DFD.
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fledonfoot wrote:
Apex wrote: Wed Nov 13, 2019 1:04 pm I’m :mindblown: that :mahtroy: made the list twice this year. :impressive:
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 :wrong:

Business as usual.

I’m firmly on a 2 year depreciation suicide schedule. Time to start planning my MY2022 terrible decision.
Leftover 2021 Supra.
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Johnny_P
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fledonfoot wrote: Wed Nov 13, 2019 10:43 pm
Apex wrote: Wed Nov 13, 2019 1:04 pm I’m :mindblown: that :mahtroy: made the list twice this year. :impressive:
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 :wrong:

Business as usual.

I’m firmly on a 2 year depreciation suicide schedule. Time to start planning my MY2022 terrible decision.
:impressive:
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max225 wrote: Wed Nov 13, 2019 10:14 pm
wap wrote: Wed Nov 13, 2019 9:20 pm

$80k/yr is rich?
I could easily get by on 80k on the outskirts of Austin. With two new cars and a new house at 300k
And wife could stay at home to take care of business
Which is?
Detroit wrote:Buy 911s instead of diamonds.
Johnny_P wrote: Thu Feb 09, 2023 3:21 pm Earn it and burn it, Val.
max225 wrote: Mon May 01, 2023 5:35 pm Yes it's a cool car. But prepare the lube/sawdust.
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max225
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Desertbreh wrote: Wed Nov 13, 2019 11:50 pm
max225 wrote: Wed Nov 13, 2019 10:14 pm

I could easily get by on 80k on the outskirts of Austin. With two new cars and a new house at 300k
And wife could stay at home to take care of business
Which is?
House shit and crotchfruit. It’s the texass way homeboy
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wap
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max225 wrote: Wed Nov 13, 2019 10:14 pm
wap wrote: Wed Nov 13, 2019 9:20 pm

$80k/yr is rich?
I could easily get by on 80k on the outskirts of Austin. With two new cars and a new house at 300k
And wife could stay at home to take care of business
Sure, YOU can. You've got massive bank socked away. By what metric is $80k/yr considered "rich", :doe: ?

Or maybe "rich" needs to be defined first.
Do we already have a powl for this?
:wap: Where are these mangos?
Detroit wrote: Fri Apr 16, 2021 1:19 pm I don't understand anything anymore.
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max225
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wap wrote: Thu Nov 14, 2019 1:13 pm
max225 wrote: Wed Nov 13, 2019 10:14 pm

I could easily get by on 80k on the outskirts of Austin. With two new cars and a new house at 300k
And wife could stay at home to take care of business
Sure, YOU can. You've got massive bank socked away. By what metric is $80k/yr considered "rich", :doe: ?

Or maybe "rich" needs to be defined first.
Do we already have a powl for this?
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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max225
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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.
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D Griff
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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.
Saving $60k cash three years with multiple cf on $80k pre tax? :notsure:

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... :iono: it was aight but not rich.

I’d say rich is like Troy level and up...
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max225
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D Griff wrote: Thu Nov 14, 2019 3:03 pm
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.
Saving $60k cash three years with multiple cf on $80k pre tax? :notsure:

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... :iono: it was aight but not rich.

I’d say rich is like Troy level and up...
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.

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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wap
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max225 wrote: Thu Nov 14, 2019 1:38 pm
wap wrote: Thu Nov 14, 2019 1:13 pm

Sure, YOU can. You've got massive bank socked away. By what metric is $80k/yr considered "rich", :doe: ?

Or maybe "rich" needs to be defined first.
Do we already have a powl for this?
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
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.
:wap: Where are these mangos?
Detroit wrote: Fri Apr 16, 2021 1:19 pm I don't understand anything anymore.
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wap
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D Griff wrote: Thu Nov 14, 2019 3:03 pm
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.
Saving $60k cash three years with multiple cf on $80k pre tax? :notsure:

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... :iono: it was aight but not rich.

I’d say rich is like Troy level and up...
:dat:
:wap: Where are these mangos?
Detroit wrote: Fri Apr 16, 2021 1:19 pm I don't understand anything anymore.
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D Griff wrote:
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.
Saving $60k cash three years with multiple cf on $80k pre tax? :notsure:

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... :iono: it was aight but not rich.

I’d say rich is like Troy level and up...
Don't you make the same as us? :troywax:

We do spend about $8k a year on healthcare for the 2 of us :doe:
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max225
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troyguitar wrote: Thu Nov 14, 2019 8:26 pm
D Griff wrote:
Saving $60k cash three years with multiple cf on $80k pre tax? :notsure:

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... :iono: it was aight but not rich.

I’d say rich is like Troy level and up...
Don't you make the same as us? :troywax:

We do spend about $8k a year on healthcare for the 2 of us :doe:
Woman and I are at $1400, and that’s pre being on the same account, same account would be $1000
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wap wrote: Thu Nov 14, 2019 8:21 pm
max225 wrote: Thu Nov 14, 2019 1:38 pm

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
Agreed that it's possible, sure, but $80k/yr ain't rich.
Rich? No.

Livable? Absolutely.
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wap
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Huckleberry wrote: Fri Nov 15, 2019 10:08 am
wap wrote: Thu Nov 14, 2019 8:21 pm

Agreed that it's possible, sure, but $80k/yr ain't rich.
Rich? No.

Livable? Absolutely.
This is what I have been saying. Livable (depending on area), but not rich.
:deadhorse:
:wap: Where are these mangos?
Detroit wrote: Fri Apr 16, 2021 1:19 pm I don't understand anything anymore.
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max225
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wap wrote: Fri Nov 15, 2019 12:08 pm
Huckleberry wrote: Fri Nov 15, 2019 10:08 am

Rich? No.

Livable? Absolutely.
This is what I have been saying. Livable (depending on area), but not rich.
:deadhorse:
:deadhorse: do we not get sarcasm around here anymore. The parallel was that “200k+ “ is rich yet that’s the equivalent of 80k in flyover.
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D Griff
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troyguitar wrote: Thu Nov 14, 2019 8:26 pm
D Griff wrote:
Saving $60k cash three years with multiple cf on $80k pre tax? :notsure:

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... :iono: it was aight but not rich.

I’d say rich is like Troy level and up...
Don't you make the same as us? :troywax:

We do spend about $8k a year on healthcare for the 2 of us :doe:
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.
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troyguitar
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Contact lenses alone cost about $500/year for us.
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troyguitar wrote: Fri Nov 15, 2019 1:42 pm Contact lenses alone cost about $500/year for us.
That's cheap. I'm spending ~$1200/year on contacts for me and the wife is about the same.
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troyguitar
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CorvetteWaxer wrote:
troyguitar wrote: Fri Nov 15, 2019 1:42 pm Contact lenses alone cost about $500/year for us.
That's cheap. I'm spending ~$1200/year on contacts for me and the wife is about the same.
Hmm, maybe $500 is the price for 6 months. I'm :notsure: now.

Are you on dailies? Ours are :scrooge: monthlies.
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