I don't have a sympathy card for poor 6 figure people

[mizzou]

Had someone come see me today at work, trying to work on a child support order for one of her babies dadies.

Going through financials...find out she is a RN, and she is telling me she makes 9K a month. I was a bit in disbelief, and she immediately got offended and went on a tirade.

"I know it may look like alot, but after my mortgage, grocery bills, utlities, car payments, I'm just barely making it day to day!"

What a freaking loser. How you squander 100K a year is beyond me, even if you have 4 kids. You have got to make some seriously dumb ass life choices to get in that position, especially if you are living like that in a relatively low income city.

Nevermind that, how the hell does a 27 year old RN with just an associates make $9k a month???? She kind of looked like a stripper.....

 

[HannibalX]

Nevermind that, how the hell does a 27 year old RN with just an associates make $9k a month????

You might want to look up what an RN is...

 

[Caesar]

Because she owns a 500k house and drives a bimmer. How can you not feel sorry for her? You are so cruel!

 

[mizzou]

You might want to look up what an RN is...

I did, someone w/ an assocaites and is a registered nurse does not make 100k unless you are at the end of your career....maybe

http://swz.salary.com/salarywizard/layouthtmls/swzl_compresult_national_HC07000001.html


I guess you just kill the overtime to get 6 figures? man I'd kill to have 9k.

 

[Kroze]

Had someone come see me today at work, trying to work on a child support order for one of her babies dadies.

Going through financials...find out she is a RN, and she is telling me she makes 9K a month. I was a bit in disbelief, and she immediately got offended and went on a tirade.

"I know it may look like alot, but after my mortgage, grocery bills, utlities, car payments, I'm just barely making it day to day!"

What a freaking loser. How you squander 100K a year is beyond me, even if you have 4 kids. You have got to make some seriously dumb ass life choices to get in that position, especially if you are living like that in a relatively low income city.

Nevermind that, how the hell does a 27 year old RN with just an associates make $9k a month???? She kind of looked like a stripper.....

Stop hating. It's all relative.

There are very few "wealthy" people around. You can make $200k a year and still consider yourself as "broke/poor" due to debt-to-income ratio.

 

[Kroze]

I did, someone w/ an assocaites and is a registered nurse does not make 100k unless you are at the end of your career....maybe

http://swz.salary.com/salarywizard/layouthtmls/swzl_compresult_national_HC07000001.html


I guess you just kill the overtime to get 6 figures? man I'd kill to have 9k.

It's never enough. The more you make, the more you spend. Learn how to manage money first.

 

[mizzou]

Stop hating. It's all relative.

There are very few "wealthy" people around. You can make $200k a year and still consider yourself as "broke/poor" due to debt-to-income ratio.

relative my ass, give me double income and i will find you an earlier retirement! I should be a life coach

 

[Babbles]

While on one hand a low 6 figure income sounds high, I don't think it is really as big as you may think it is. If she really was an RN, that is a BS degree and she could have a good amount of student loan payments. Assuming her income is true, she could be paying ~35% in taxes, then add in mortgage/rent, student loan debt, and it goes down pretty quick.

I know in my life, I expect that the wife and I will easily pull in six figures when we are finally done with our respective programs. However with both of our student loan debt we are going to be broke as shit while making over that six figures.

 

[zerocool84]

Stop hating. It's all relative.

There are very few "wealthy" people around. You can make $200k a year and still consider yourself as "broke/poor" due to debt-to-income ratio.

Well of course it's called living beyond your means which no matter how much money people have they still lose it all ala MC Hammer.

 

[Kroze]

relative my ass, give me double income and i will find you an earlier retirement! I should be a life coach

Yea alright

More money is never the answer.


What is your age, income, and net worth?

 

[Caesar]

Stop hating. It's all relative.

There are very few "wealthy" people around. You can make $200k a year and still consider yourself as "broke/poor" due to debt-to-income ratio.

Well then they are living beyond their means.

 

[Kroze]

The more money you make, the more you spend. Or you'll spend it on nicer things.

Maybe you'll drive a nicer/more luxurious car, maybe you'll get a nicer/larger house or a house in a nicer area with association fee/higher taxes, maybe you'll buy higher quality furniture/food/appliances/equipments.

All relative.



I'd like to see someone who make $150k/year living in Camden, NJ & drive a 2010 Hyundai Accent.

 

[HannibalX]

I did, someone w/ an assocaites and is a registered nurse does not make 100k unless you are at the end of your career....maybe

http://swz.salary.com/salarywizard/layouthtmls/swzl_compresult_national_HC07000001.html


I guess you just kill the overtime to get 6 figures? man I'd kill to have 9k.

There are PLENTY of $40-$50/hour jobs for RNs who have completed a 3 year nursing diploma program at a hospital or have completed a four year Bachelor of Science in Nursing degree.

There are PLENTY of $60+/hour jobs for Nurse Practitioners and those with Doctorates in Nursing can earn even more.

Will an LPN with a two year degree make $100k/year? No way. But an LPN is not an RN.

There are several RNs in my family, they all make very respectable salaries and were earning probably 75% of their current salaries right out of medical school.

 

[mizzou]

There are PLENTY of $40-$50/hour jobs for RNs who have completed a 3 year nursing diploma program at a hospital or have completed a four year Bachelor of Science in Nursing degree.

There are PLENTY of $60+/hour jobs for Nurse Practitioners and those with Doctorates in Nursing can earn even more.

Will an LPN with a two year degree make $100k/year? No way. But an LPN is not an RN.

There are several RNs in my family, they all make very respectable salaries and were earning probably 75% of their current salaries right out of medical school.

You are probably right on that, I had just assumed she meant RN but she just said nurse. It's not my job to go into details on that stuff so its just side talk. but the "associates" as her highest education made me scratch my head

 

[Bignate603]

Stop hating. It's all relative.

There are very few "wealthy" people around. You can make $200k a year and still consider yourself as "broke/poor" due to debt-to-income ratio.

And 99% of people that have a $200k+ income but are broke due to a bad debt/income ratio are absolute morons that can't handle their money.

The more money you make, the more you spend. Or you'll spend it on nicer things.

Maybe you'll drive a nicer/more luxurious car, maybe you'll get a nicer/larger house or a house in a nicer area with association fee/higher taxes, maybe you'll buy higher quality furniture/food/appliances/equipments.

All relative.

I'd like to see someone who make $150k/year living in Camden, NJ & drive a 2010 Hyundai Accent.

If you're making $200k a year you can make ends meet. Spending so freely that you're financially strained (and buying on credit) when you make that much money is idiocy.

 

[Kroze]

You are probably right on that, I had just assumed she meant RN but she just said nurse. It's not my job to go into details on that stuff so its just side talk. but the "associates" as her highest education made me scratch my head

Education is never 100% guaranteed X income. Doing your job with excellence & hard work is a guaranteed that you'll be the top earner of your career field of work.

There are a lot of people with degrees working for high school grad or college drop out. Imagine that LOL

 

[mizzou]

The more money you make, the more you spend. Or you'll spend it on nicer things.

Maybe you'll drive a nicer/more luxurious car, maybe you'll get a nicer/larger house or a house in a nicer area with association fee/higher taxes, maybe you'll buy higher quality furniture/food/appliances/equipments.

All relative.

I'd like to see someone who make $150k/year living in Camden, NJ & drive a 2010 Hyundai Accent.

that's the biggest fail I've ever heard.

Family must be under your means
Hobbies must be relatively cheap yet fulfill your happiness
House must be under your means
Pay for school out of pocket
Save all money not used
Hide all expenses from your wife so she thinks household is poor


1st step for me is to pay our house off, while also saving for retirement. This will be done by age 37 maximum, could be earlier. Once that happens, we will have 0 debt and be on track for early retirement.

I absolutely refuse to live somewhere or live a lifestyle that destroys my expendable income

$edit, I should also mention I am a pauper compared to people bringing in 6 figures

 

[Kroze]

And 99% of people that have a $200k+ income but are broke due to a bad debt/income ratio are absolute morons that can't handle their money.

They're not morons or else they wouldn't be the top income earner. They just don't know how to manage money.

 

[mizzou]

There are a lot of people with degrees working for high school grad or college drop out. Imagine that LOL

I didn't think that applied in the med field.

but yes, my brother is a college dropout and he, along with the rest of the computer programmers out there, are the best in their field. Some jobs are almost 100% on the job training, I don't think the medical field is the same. No doctor or lawyer is doing their job w/out the required degree, same goes w/ other high paid specialists like anesthesiologists etc. that's a crapload of school

 

[HannibalX]

Yeah, you try paying for med school out of pocket and see how you do. We're talking $30k/year for a public school, maybe as high as $45-50k/year for a private school.

 

[Kroze]

that's the biggest fail I've ever heard.

Family must be under your means
Hobbies must be relatively cheap yet fulfill your happiness
House must be under your means
Pay for school out of pocket
Save all money not used
Hide all expenses from your wife so she thinks household is poor


1st step for me is to pay our house off, while also saving for retirement. This will be done by age 37 maximum, could be earlier. Once that happens, we will have 0 debt and be on track for early retirement.

I absolutely refuse to live somewhere or live a lifestyle that destroys my expendable income

That's great & all. Think about this simple statement....

- If you don't have the money, don't buy it.

Tell me, what is the savings rate of the US citizens in the past 10 years according to the census bureau? Yea....

So are you saying that everyone in the U.S. is stupid & retarded because they can't follow a simple rule?

 

[Babbles]

that's the biggest fail I've ever heard.

Family must be under your means
Hobbies must be relatively cheap yet fulfill your happiness
House must be under your means
Pay for school out of pocket
Save all money not used
Hide all expenses from your wife so she thinks household is poor


1st step for me is to pay our house off, while also saving for retirement. This will be done by age 37 maximum, could be earlier. Once that happens, we will have 0 debt and be on track for early retirement.

I absolutely refuse to live somewhere or live a lifestyle that destroys my expendable income

I think you are living in some super-idealized world where your experiences are outliers. Not everybody can possibly pay for their school out of pocket; there is no way in hell the wife and I could pay for graduate school out of pocket. I would say most undergrads and graduate students are like that. Buying and paying off a house by age 37 is so atypical I would imagine it would have to be a statistical outlier and as such irrelevant to any further conversation.

People most definitely need to live within their means, but I do not think your proposition of "rules" are applicable to the average person.

 

[mizzou]

Yeah, you try paying for med school out of pocket and see how you do. We're talking $30k/year for a public school, maybe as high as $45-50k/year for a private school.

I wonder what the total damage is for someone who takes 4 years undergrad and then on to med school, all on student loans. What's the interest + principal together once it's all said and done?

 

[Bignate603]

They're not morons or else they wouldn't be the top income earner. They just don't know how to manage money.

In my opinion if they can't manage to get by on that kind of income they're morons. Either they aren't smart enough to manage their money or they don't have the self control to.

 

[Bignate603]

That's great & all. Think about this simple statement....

- If you don't have the money, don't buy it.

Tell me, what is the savings rate of the US citizens in the past 10 years according to the census bureau? Yea....

So are you saying that everyone in the U.S. is stupid & retarded because they can't follow a simple rule?

Not everyone in the US buys on credit, and yes the people that do buy significant amounts of absolutely non-essential things on credit are making terrible choices with their money.