what blows my mind is the number of people making 100k+ that are doing the same.
yeah, I cant imagine
Yeah, it's insane. They get to some income then think they are millionaires or something.
They have no concept of living in your means and think they 'deserve' everything.
I know a few people in that income range. Many of them do throw their money away. Without fail they struggle to afford a large expense.
I had a large car expense come up, one of them was shocked I easily had the cash. Yes I have the cash to pay for this because I don't waste money on $20 mixed drinks and electronics I don't need.
Exactly. I worked with a guy once that made over 100k/yr and he was living paycheck to paycheck. Its almost insulting when people like that complain about not being able to afford things like lunch when they buy a new phone every year, new car every 2 years, sporting toys..etc.. that they cannot afford, then they get butthurt when you wont loan them $50 for "something".
I know. If I made 100k I could save 65k plus every year.
When you make 100K the government will making saving 65k impossible. If you have no deductions (house, children exc.) they'll take 23-30% off the top. Lets take the middle route and say that you get 75k in hand.
Unless you had free necessities. It would be very difficult to live on approx 830/mo.
Realistically it would be a much healthier option to commit to saving 50K. 75k-50k = 25k/12 months= approx. 2080 per month. 2k/month will take care of basic necessities.
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