Originally posted by: rh71
Originally posted by: pontifex
that doesn't make sense...
if you don't use it, you certainly do have it...if you do spend it, you certainly don't have it anymore.
Bah technicalities.
It's real simple. You make money to spend it. Have a nice house ? Then you "have it". Have a crappy house ? I don't care how much money you have in the bank, it's useless there. Enjoy your earnings.
Don't hoard it and say you'll spend it when you're 50, balding, and/or wrinkly.
I respect finance people for their wisdom on how to generate more money... but the other side of it is that some/most of them hoard it too. Really... what's the point ?
I share your philosophy. Might as well live it up while I'm still young and capable of crazy partying. If it means I have to work 5-10 more years to retire, than so be it. I won't have much to do then but work anyways.
pontifex
Lifer
- Dec 5, 2000
- 43,804
- 46
- 91
Originally posted by: ggnl
Originally posted by: rh71
Originally posted by: pontifex
if you don't use it, you certainly do have it...if you do spend it, you certainly don't have it anymore.
Bah technicalities.
It's real simple. You make money to spend it. Have a nice house ? Then you "have it". Have a crappy house ? I don't care how much money you have in the bank, it's useless there. Enjoy your earnings.
Don't hoard it and say you'll spend it when you're 50, balding, and/or wrinkly.
I respect finance people for their wisdom on how to generate more money... but the other side of it is that some/most of them hoard it too. Really... what's the point ?
I share your philosophy. Might as well live it up while I'm still young and capable of crazy partying. If it means I have to work 5-10 more years to retire, than so be it. I won't have much to do then but work anyways.
at what point does it go from a saving money type of thing to hoarding though?
Originally posted by: StartingLine
Based on peoples posts how do you see the average Anandtech'er? For me, it seems like each person here is very successful or at least 'boosts' themselves a bit, I dont find it uncommon to see the following based on many many threads on the topics listed
Salary
minimum of 80k
Combined household is around $130k (me and g/f)
Retirement
At least 15% in 401k and another 10% in other investments
Company match (5% for the past 7 years) and some other small investments
Credit Score
At least 750
right at 700 now which took some work after college
Live paycheck to paycheck?
No, at least 6 months of disposable income saved at any time
4 months worth expenses saved just in case something happens
Hours worked per week
40-45
usually 50-55
Hours of sleep needed
6, any more than 6 and they are actually more tired, never 8 hours
8 if I can but I like to be busy
Either we have a lot of very successful people here or we have quite a few exaggerators, what do you guys think
The anonymity of the internet always bring out some but most people on here don't really care. I don't care because I am very happy at this point in my life.
rivan
Diamond Member
- Jul 8, 2003
- 9,677
- 3
- 81
Salary
Nope - not even really close.
Retirement
Every penny is going toward the kids right now. Once they're school age, I'll be back on track for retirement funding. Pre-marriage, I was at 12%.
Credit Score
Low 700s, last I recall
Live paycheck to paycheck?
No, not really, though the last year's been tight, with a new house and a new kid.
Hours worked per week
40. Almost every week. I work more any chance I get, since it's easy money - overtime rules.
Hours of sleep needed
6 is about all I get. I'll take 8 any chance I have though.
As others mentioned - I'm sure there are plenty that do well here - I think the average technically-minded US citizen has it pretty good these days. The bulk of the population here isn't dock workers. That said, I think there are a lot of people who don't fit that gauge, but the ones who do are much more likely to be vocal about it. It's all about the epeen on the internet.
Nope - not even really close.
Retirement
Every penny is going toward the kids right now. Once they're school age, I'll be back on track for retirement funding. Pre-marriage, I was at 12%.
Credit Score
Low 700s, last I recall
Live paycheck to paycheck?
No, not really, though the last year's been tight, with a new house and a new kid.
Hours worked per week
40. Almost every week. I work more any chance I get, since it's easy money - overtime rules.
Hours of sleep needed
6 is about all I get. I'll take 8 any chance I have though.
As others mentioned - I'm sure there are plenty that do well here - I think the average technically-minded US citizen has it pretty good these days. The bulk of the population here isn't dock workers. That said, I think there are a lot of people who don't fit that gauge, but the ones who do are much more likely to be vocal about it. It's all about the epeen on the internet.
Originally posted by: pontifex
Originally posted by: ggnl
Originally posted by: rh71
Originally posted by: pontifex
if you don't use it, you certainly do have it...if you do spend it, you certainly don't have it anymore.
Bah technicalities.
It's real simple. You make money to spend it. Have a nice house ? Then you "have it". Have a crappy house ? I don't care how much money you have in the bank, it's useless there. Enjoy your earnings.
Don't hoard it and say you'll spend it when you're 50, balding, and/or wrinkly.
I respect finance people for their wisdom on how to generate more money... but the other side of it is that some/most of them hoard it too. Really... what's the point ?
I share your philosophy. Might as well live it up while I'm still young and capable of crazy partying. If it means I have to work 5-10 more years to retire, than so be it. I won't have much to do then but work anyways.
at what point does it go from a saving money type of thing to hoarding though?
If you're making 75k a year but drive a 10 year old beater and live in the bad part of town so you can retire when you're 50...
Honestly there's a lot of grey area. Think of it as a continuum. On one end you have people who overextend their credit and spend themselves into poverty to have a good time now. At the other end you have people living in poverty now, even though they don't have to, because they're saving for some sort of long term goal, usually early retirement. Somewhere between those two people lies the happy medium.
Edit: I should add marriage and kids changes this a lot (of course), but I was originally talking about saving while young and single.
rh71
No Lifer
- Aug 28, 2001
- 52,844
- 1,049
- 126
I'm saving money for 1 big thing right now. I have a goal, then I'm going to spend it once I reach that goal. Hoarding is making good money but just being frugal every day of your life because you'd rather save than indulge. Surely there's something you want out there, go spend for it. And tomorrow there will be something else. Go for that too.Originally posted by: pontifex
Originally posted by: ggnl
Originally posted by: rh71
Originally posted by: pontifex
if you don't use it, you certainly do have it...if you do spend it, you certainly don't have it anymore.
Bah technicalities.
It's real simple. You make money to spend it. Have a nice house ? Then you "have it". Have a crappy house ? I don't care how much money you have in the bank, it's useless there. Enjoy your earnings.
Don't hoard it and say you'll spend it when you're 50, balding, and/or wrinkly.
I respect finance people for their wisdom on how to generate more money... but the other side of it is that some/most of them hoard it too. Really... what's the point ?
I share your philosophy. Might as well live it up while I'm still young and capable of crazy partying. If it means I have to work 5-10 more years to retire, than so be it. I won't have much to do then but work anyways.
at what point does it go from a saving money type of thing to hoarding though?
Now if you have kids, you can work towards a college fund. The hoarders will just save and say "oh yeah, it can be for that too." Bullsh!t... you just don't like to spend money. I feel sorry for them.
Mo0o
Lifer
- Jul 31, 2001
- 24,227
- 3
- 76
I'm a student so i dont make much of anything. Enough for entertainment and what not but everything else is loans/parents. Although now that im going to graduate school, it's all loans.
Not really sure what my exact credit score is, but it's decent. Only debts are my school loans, no late payments etc.
Not really sure what my exact credit score is, but it's decent. Only debts are my school loans, no late payments etc.
JEDI
Lifer
- Sep 25, 2001
- 29,391
- 2,738
- 126
Originally posted by: StartingLine
Based on peoples posts how do you see the average Anandtech'er? For me, it seems like each person here is very successful or at least 'boosts' themselves a bit, I dont find it uncommon to see the following based on many many threads on the topics listed
Salary
minimum of 80k
Retirement
At least 15% in 401k and another 10% in other investments
Credit Score
At least 750
Live paycheck to paycheck?
No, at least 6 months of disposable income saved at any time
Hours worked per week
40-45
Hours of sleep needed
6, any more than 6 and they are actually more tired, never 8 hours
Either we have a lot of very successful people here or we have quite a few exaggerators, what do you guys think
ah.. you have much insight padawan. Welcome, and you too can be just like us w/hard work and training
edit:
Seriously tho, This is a computer board. Lots of people here work in a computer related field = $$$
Originally posted by: StartingLine
Based on peoples posts how do you see the average Anandtech'er? For me, it seems like each person here is very successful or at least 'boosts' themselves a bit, I dont find it uncommon to see the following based on many many threads on the topics listed
Salary
minimum of 80k
Retirement
At least 15% in 401k and another 10% in other investments
Credit Score
At least 750
Live paycheck to paycheck?
No, at least 6 months of disposable income saved at any time
Hours worked per week
40-45
Hours of sleep needed
6, any more than 6 and they are actually more tired, never 8 hours
Either we have a lot of very successful people here or we have quite a few exaggerators, what do you guys think
You're waaaay off...
I only work 20-25 hours a week.
jupiter57
Diamond Member
- Nov 18, 2001
- 4,600
- 3
- 71
A more true post has never been written!
But the OP forgot to mention how all ATOTers are Stock Market geniuses as well.
I call SHENS on well over 1/2 of those who have posted with their figures!
As for me, none of it is anyones business but my own, but I will say that 8 hours of sleep a night is not even enough for me.
But the OP forgot to mention how all ATOTers are Stock Market geniuses as well.
I call SHENS on well over 1/2 of those who have posted with their figures!
As for me, none of it is anyones business but my own, but I will say that 8 hours of sleep a night is not even enough for me.
amdhunter
Lifer
- May 19, 2003
- 23,332
- 249
- 106
Originally posted by: StartingLine
Based on peoples posts how do you see the average Anandtech'er? For me, it seems like each person here is very successful or at least 'boosts' themselves a bit, I dont find it uncommon to see the following based on many many threads on the topics listed
Salary
minimum of 80k I am below that.
Retirement
At least 15% in 401k and another 10% in other investments I don't know shit about this stuff
Credit Score
At least 750 I am above that
Live paycheck to paycheck? somewhat
No, at least 6 months of disposable income saved at any time Not anymore
Hours worked per week
40-45 35hrs here.
Hours of sleep needed
6, any more than 6 and they are actually more tired, never 8 hours 4 hours is ok.
Either we have a lot of very successful people here or we have quite a few exaggerators, what do you guys think
I only make 45k.
Credit score is around 700 last I checked.
Only about 1 month and a half disposable income
30 hours a week average off season, 70 hours during tax season.
Sleep = 6. 7 or 8 and I don't feel so well, but 9 is good. I think its just my rem cycle or something.
Partners had, 2.
Credit score is around 700 last I checked.
Only about 1 month and a half disposable income
30 hours a week average off season, 70 hours during tax season.
Sleep = 6. 7 or 8 and I don't feel so well, but 9 is good. I think its just my rem cycle or something.
Partners had, 2.
jadinolf
Lifer
- Oct 12, 1999
- 20,952
- 3
- 81
Originally posted by: StartingLine
Based on peoples posts how do you see the average Anandtech'er? For me, it seems like each person here is very successful or at least 'boosts' themselves a bit, I dont find it uncommon to see the following based on many many threads on the topics listed
Salary
minimum of 80k
Retirement
At least 15% in 401k and another 10% in other investments
Credit Score
At least 750
Live paycheck to paycheck?
No, at least 6 months of disposable income saved at any time
Hours worked per week
40-45
Hours of sleep needed
6, any more than 6 and they are actually more tired, never 8 hours
Either we have a lot of very successful people here or we have quite a few exaggerators, what do you guys think
That would be me.
olds
Elite Member
- Mar 3, 2000
- 50,122
- 778
- 126
Originally posted by: StartingLine
Based on peoples posts how do you see the average Anandtech'er? For me, it seems like each person here is very successful or at least 'boosts' themselves a bit, I dont find it uncommon to see the following based on many many threads on the topics listed
Salary
minimum of 80k
Retirement
At least 15% in 401k and another 10% in other investments
Credit Score
At least 750
Live paycheck to paycheck?
No, at least 6 months of disposable income saved at any time
Hours worked per week
40-45
Hours of sleep needed
6, any more than 6 and they are actually more tired, never 8 hours
Either we have a lot of very successful people here or we have quite a few exaggerators, what do you guys think
WWYBYWB?
If you make me look it up I am going to smack you so hard that your grandchildren will have my palm prints staring at them every time they look into a mirror.
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