Chelsea Clinton to Leave $600k/yr reporter job at NBC News

[UglyCasanova]

It's a one bedroom. My point is, it's a one bedroom. Make $600k and deal with the responsibilities of a $600k a year job just to live in a one bedroom? I'd feel like I'm getting ripped off.

It's a one bedroom across from Central Park. Let's completely leave that out though.

 

[Lifted]

What do you mean, highest? Where are you looking? You can rent apartments in NYC for $250k a month.

$7k a month will buy you a dump or a cracker box.

Here is a one bedroom for $7k a month:
http://realestate.nytimes.com/rentals/detail/80-10994657/1-Central-Park-South-NEW-YORK-NY-10019

One freakin bedroom. Make $600k and live in a one bedroom.

Are you retarded or just trolling? You post a link to an apartment in The Plaza, one of the most expensive properties in NYC, and that's somehow supposed to be representative of the other millions of people living here?

In Manhattan, the median market-rate tenant makes $100,000 per year and pays $2,625 per month in rent

You're way out of touch with reality. I have a friend whose mother and father are both from billionaire families, and she rents a very nice 2 bedroom apartment for ~ $5k/month. I have other friends who are Harvard educated investment bankers and they pay $4k - $8k for their apartments. Yes, people do rent much more expensive apartments, but not many relative to the amount of apartments available in NYC.

The last I heard Chelsea Clinton was married to a big time investment banker / hedge fund guy, making her $600k/year was basically pocket change.

 

[Fox5]

I'd be set for life if I could have just one year like that

That's probably not realistic. I guess if you had the entire $600k, you could buy a place in the deep south for $100k, and then live on about $20k/year (and the interest earned on the money) for about 25 years or so. You wouldn't be able to live anywhere near NYC or any other major city though.

 

[JEDI]

That's probably not realistic. I guess if you had the entire $600k, you could buy a place in the deep south for $100k, and then live on about $20k/year (and the interest earned on the money) for about 25 years or so. You wouldn't be able to live anywhere near NYC or any other major city though.

he's retired military, so he gets a pension.
and I don't think he said anything about living in nyc

 

[Mai72]

I understand where JMapleton is coming from. Would u expect a successful lawyer to wear a Macy's suit and drive a Honda? Nope. He has to look the part if he wants to continue to pull clients. That means a $2k suit, Mercedes Benz, $750k house, etc...

In "The Millionaire Next Door" this is talked about. The authors asked whom is more likely to save money. An individual who is a high earner who feels compelled to live a high status lifestyle, or a high earner who has a low key job and is able to live a below average lifestyle.

 

[chowderhead]

Clinton is probably quitting her job since she will be having a child soon. Since her husband makes even more money, I am sure they aren't hurting. This will also allow her to join her mother on the campaign trail should Hillary Clinton announce for President.

 

[John Connor]

I didn't know Chelsea was a journalist. GOOD!

 

[JMapleton]

I understand where JMapleton is coming from. Would u expect a successful lawyer to wear a Macy's suit and drive a Honda? Nope. He has to look the part if he wants to continue to pull clients. That means a $2k suit, Mercedes Benz, $750k house, etc...

Stop making sense, you may upset the trolls.

 

[mnewsham]

Stop making sense, you may upset the trolls.

It doesn't make sense though, I could see an argument being made that $100k in new york is pretty shitty, even $150k but once you get $200k+ you are living comfortably, anything beyond that is just icing on the cake.

 

[WackyDan]

You guys are missing the point entirely. You don't take the bus if you make $600k a year. I would feel like a moron working a high profile job making $600k a year and then having to take the bus. I would feel like I'm getting ripped off knowing I could move to the midwest or south and make $100k, less pressure on my job, and drive a Benz and live in a 5 bedroom new house.

You don't work a high end job and live a low end lifestyle. If you do, you missed the point. If you can claw your way to a $600k a year job and cannot reap any rewards from it, what was the point?

LOL. You think $100k in the south or midwest allows you to live the same lifestyle as $600k in NYC? Drive a nice shiney new Benz of any prestige?

You are so out of touch. $600k is a lot of coin even for NYC. Considering that her husband is worth millions, she doesn't even need to work. The whole premise of the OP's post was to call attention to her ridiculous salary for the minimal amount of work she did at that network with little to no news experience. The family connection certainly abused for some sort of back scratching. You though feel the need to defend the practice, which speaks volumes...

 

[zinfamous]

$600k after taxes in about $400k a year. That's $34k a month. Even if you spent half your salary on housing, that's only $17k a month for housing. Do some shopping for a place in Manhattan, you get crap for that amount. Maybe a 2 or 3 bedroom in a safe area. $400k is middle class in NY. I'm not sure you have a grasp on how expensive NYC is.

$600k goes a long way where I live but not in NY.

yeah, you're clueless.

 

[JMapleton]

It doesn't make sense though, I could see an argument being made that $100k in new york is pretty shitty, even $150k but once you get $200k+ you are living comfortably, anything beyond that is just icing on the cake.

Your entire argument is based on the subjective definition of "comfortable." Taking the bus, living in a 600 square foot apartment and wearing cheap clothing is not comfortable if I am to consider the effort it takes to land a 150k a year job.

 

[HopJokey]

Your entire argument is based on the subjective definition of "comfortable." Taking the bus, living in a 600 square foot apartment and wearing cheap clothing is not comfortable if I am to consider the effort it takes to land a 150k a year job.

There has to be some middle ground. It's not "outhouse" or "castle".

You can easily afford a decent apartment and nice car with nice clothes at $200-250K a year in NYC.

Now it may not be the best of the best of the best, but it certainly isn't living in a box and taking the bus.

 

[smitbret]

Your entire argument is based on the subjective definition of "comfortable." Taking the bus, living in a 600 square foot apartment and wearing cheap clothing is not comfortable if I am to consider the effort it takes to land a 150k a year job.

So youre argument really has nothing to do with geography, just reaping what you've sewn?

 

[mnewsham]

Your entire argument is based on the subjective definition of "comfortable." Taking the bus, living in a 600 square foot apartment and wearing cheap clothing is not comfortable if I am to consider the effort it takes to land a 150k a year job.

You're being an obtuse wise and beautiful woman.

$200k a year and you can drive a nice 4 or 5 series BMW and have a VERY nice 1-2 bedroom apartment in a good area of town, for a single person in their late 20s early 30s that would be more than enough. Hell even with a partner you wouldn't exactly be struggling to pay the bills on $200k a year.

 

[Imp]

That's probably not realistic. I guess if you had the entire $600k, you could buy a place in the deep south for $100k, and then live on about $20k/year (and the interest earned on the money) for about 25 years or so. You wouldn't be able to live anywhere near NYC or any other major city though.

Long-term market return is ~7%. If he got the entire $600k, that's a solid $42k/year. Even better, he'd probably pay capital gains tax and qualified dividends.

I'd be more than happy with $400k -- very low key, only thing I want is to NOT have to show up for a shit job.

 

[Pulsar]

I wanted to nominate this thread as one of the ownage of the year threads...... but I still find it hard to believe that even JMapleton can be this stupid. He's got to just be trolling. Right?

 

[slag]

I wanted to nominate this thread as one of the ownage of the year threads...... but I still find it hard to believe that even JMapleton can be this stupid. He's got to just be trolling. Right?

Seconded.

 

[zCypher]

Nobody needs to know what my apartment or house is like. I don't need to spend a huge fortune to look good. What a load of bs lol. Sure you want to look and act the part. But if you can't do that with $600k you're doing it very wrong! People do just fine with much less.

I've known plenty of people who make way more money than me and you would never know it by the beater they drive or the ordinary clothes they wear. Funny how that hasn't ruined their careers.

 

[QueBert]

Some people have a lot of money but just don't care about material shit, Brock Lesnar drives an old beat up pick up truck and doesn't even have a cell phone. But he's worth many millions.

 

[zinfamous]

Your entire argument is based on the subjective definition of "comfortable." Taking the bus, living in a 600 square foot apartment and wearing cheap clothing is not comfortable if I am to consider the effort it takes to land a 150k a year job.

yeah, you're clueless

 

[tortillasoup]

JMapleton, have you ever watch Friends? They live in a two bedroom apt in Manhattan that look like it about 1600 square ft while working at coffee shop

The apartment(s) were rent controlled, at least monica's was.

 

[rockyct]

Clinton is probably quitting her job since she will be having a child soon. Since her husband makes even more money, I am sure they aren't hurting. This will also allow her to join her mother on the campaign trail should Hillary Clinton announce for President.

Finally, a post about the actual topic and a possible reason why she quit. She's pregnant and her mom is running for President. She'd have to quit when Hillary announces at the latest, but she may as well right now.

 

[Hacp]

The apartment(s) were rent controlled, at least monica's was.

That's why they were updated with nice fixtures and hardwood floors :whiste:.

 

[Anubis]

I wanted to nominate this thread as one of the ownage of the year threads...... but I still find it hard to believe that even JMapleton can be this stupid. He's got to just be trolling. Right?

look at his post history, hes not trolling