A $400,000 house + $10,000 a year for fun ($5,000 for vacations, $2,000 for eating out, $3,000 for miscellaneous merchandise/gifts) doesn't sound like crap. Assuming that Osorum's calculations are somewhat accurate, it sounds like you're quite spoiled and don't know how good you have it.
My family is financially comfortable. And I know just how good I've got it. I feel lucky every day to not have to worry too much about financial issues. But that doesn't mean my family has zero problems. Money can't buy happiness - and that's the truest sentence I've ever heard.
My family is financially comfortable. And I know just how good I've got it. I feel lucky every day to not have to worry too much about financial issues. But that doesn't mean my family has zero problems. Money can't buy happiness - and that's the truest sentence I've ever heard.
It does depend on where he lives.
In Rancho Palos Verdes, CA, a $400,000 house is relatively poor (where my dad lives). In Kent, WA, a $400,000 house is practically a mansion (where my mom lives).
To put things in perspective, my mom makes just about $60,000 a year as a veteran schoolteacher, 27% tax bracket, $43,000 a year after taxes. She pays about $1,600 a month for the mortgage payment, $300 a month for maintenance/insurance/gas on two cars, $300 for utilities. She does not have much disposable income beyond that, and she is forced to live frugally - I have grown up shopping at TJ Maxx and Ross, buying store brands.
She is not rich by some peoples' standards (including my dad), but for the majority of Americans and everyone else in the world, she is quite wealthy (think Frank Grimes here
). She is happy, has a beautiful house, and she is financially secure.
I have to keep this in mind when I am at college - for right now, I have no idea of what the real world is like. I have the luxury of saving 80% of my income, of not worrying about rent, utilities, medical bills, life insurance, anything of that sort. I watch my friends pay full-price at stores like the Gap and the Limited, and I sigh, because I know I never could - I never would. I watch my money like a hawk and even then it slips through my fingers like water.
I am a spoiled person, and I've seen enough of the world to know this.
This is all about perspective. Keep that in mind.
In Rancho Palos Verdes, CA, a $400,000 house is relatively poor (where my dad lives). In Kent, WA, a $400,000 house is practically a mansion (where my mom lives).
To put things in perspective, my mom makes just about $60,000 a year as a veteran schoolteacher, 27% tax bracket, $43,000 a year after taxes. She pays about $1,600 a month for the mortgage payment, $300 a month for maintenance/insurance/gas on two cars, $300 for utilities. She does not have much disposable income beyond that, and she is forced to live frugally - I have grown up shopping at TJ Maxx and Ross, buying store brands.
She is not rich by some peoples' standards (including my dad), but for the majority of Americans and everyone else in the world, she is quite wealthy (think Frank Grimes here
). She is happy, has a beautiful house, and she is financially secure. I have to keep this in mind when I am at college - for right now, I have no idea of what the real world is like. I have the luxury of saving 80% of my income, of not worrying about rent, utilities, medical bills, life insurance, anything of that sort. I watch my friends pay full-price at stores like the Gap and the Limited, and I sigh, because I know I never could - I never would. I watch my money like a hawk and even then it slips through my fingers like water.
I am a spoiled person, and I've seen enough of the world to know this.
This is all about perspective. Keep that in mind.
My family lives in Ann Arbor, MI - one of the most expensive housing markets in the nation, next to SoCal and NYC and the like. I don't want to divulge my family's income, but it's...well, in that area...and my parents do just fine. They own two houses (we rent one out, it takes care of the mortgage + improvements), a condo (where my sister and I live), and have a couple modest cars (Jeep Liberty and Nissan Pathfinder). Plus, they're sending me to college loan-free. My parents manage their money extremely well, and I regularly compliment them on their financial skills. It's not how much you make - it's how you spend (or don't spend) your money.
Personally, I think this kid is just spoiled. He doesn't know how good he has it.
Originally posted by: Orsorum
It does depend on where he lives.
In Rancho Palos Verdes, CA, a $400,000 house is relatively poor (where my dad lives). In Kent, WA, a $400,000 house is practically a mansion (where my mom lives).
To put things in perspective, my mom makes just about $60,000 a year as a veteran schoolteacher, 27% tax bracket, $43,000 a year after taxes. She pays about $1,600 a month for the mortgage payment, $300 a month for maintenance/insurance/gas on two cars, $300 for utilities. She does not have much disposable income beyond that, and she is forced to live frugally - I have grown up shopping at TJ Maxx and Ross, buying store brands.
She is not rich by some peoples' standards (including my dad), but for the majority of Americans and everyone else in the world, she is quite wealthy (think Frank Grimes here
I have to keep this in mind when I am at college - for right now, I have no idea of what the real world is like. I have the luxury of saving 80% of my income, of not worrying about rent, utilities, medical bills, life insurance, anything of that sort. I watch my friends pay full-price at stores like the Gap and the Limited, and I sigh, because I know I never could - I never would. I watch my money like a hawk and even then it slips through my fingers like water.
I am a spoiled person, and I've seen enough of the world to know this.
This is all about perspective. Keep that in mind.
Hah hah, Kent represent!
I'm happy with enough to eat. I agree on the regional aspects of the salary argument. Living in a city/urban area is going to require more funds then a rural area. Someone making 40K in NY would be living a boring single life Supporting a family on that would be borderline poverty. In the rural area that is a very nice sum of money because of lower property and living expenses.
I want to make much money as Darren Driefort, sitting on my ass doing nothing making $11 mil per year.
The vast majority of people are never "satisfied" with how much they make, no matter what the figure is. It is human nature to always want more, whether you need it or not.
Look at people like Bill Gates. He could live like a king on a 1% return of his assets, yet he keeps working to make more.
I know some of you will mock me, but money is not what "satisfies" you or makes you happy.
Family, friends and being content with yourself are what make you truly happy.
Flame away.
Look at people like Bill Gates. He could live like a king on a 1% return of his assets, yet he keeps working to make more.
I know some of you will mock me, but money is not what "satisfies" you or makes you happy.
Family, friends and being content with yourself are what make you truly happy.
Flame away.
/shrugs
You said it so I didn't have to. If you can measure your "satisfaction" by a numerical (dollar) value, you've got a pretty shallow materialistic life.
I voted 50k, just because Orsorum had a kickass example paragraph. :beer: As a bachelor, and at my age, USD$50k would be a stupid amount of money. Married, that would be a bit more of a stretch. But if we were both pulling in that same amount, I refer to the above "stupid rich" feeling.
- M4H
OREOSpeedwagon
Diamond Member
- May 30, 2001
- 8,485
- 1
- 81
I dunno, we seriously live like poor folk with my dad making ~$140k..I guess my dad's just the cheapest man alive (greedy bastard is probably waiting till we both graduate from college till he spends it).
Hell, my sister just started med school, and he claims he can't afford tuition ($40k/year), so my sister, who's sick and tired of this crap, decided to just take out loans and basically pay her own way through med school..she did get a new sentra gxe from him though. Yay. At least she got a car...I had to buy my own fvcking car.
Anyway...i'm gonna need tons of money to make up for all the crap I was denied as a child (i fvcking hate indians, because most are cheap just like my parents...hell, my cousin is 25, and doesn't even have his drivers license yet because he's to cheap to pay for insurance)..WHATS THE POINT OF MAKING MONEY IF YOU REFUSE TO SPEND IT?
Hell, my sister just started med school, and he claims he can't afford tuition ($40k/year), so my sister, who's sick and tired of this crap, decided to just take out loans and basically pay her own way through med school..she did get a new sentra gxe from him though. Yay. At least she got a car...I had to buy my own fvcking car.
Anyway...i'm gonna need tons of money to make up for all the crap I was denied as a child (i fvcking hate indians, because most are cheap just like my parents...hell, my cousin is 25, and doesn't even have his drivers license yet because he's to cheap to pay for insurance)..WHATS THE POINT OF MAKING MONEY IF YOU REFUSE TO SPEND IT?
amdskip
Lifer
- Jan 6, 2001
- 22,530
- 13
- 81
I agree with you. Very well spoken.
My father is the provider of income in our family. My is a stay at home mom for me and my 2 younger brothers. My dad makes a decent sum but it's nothing compared to some of the people here. We live very comfortably. My dad drag races about every weekend during the summer and this is by no means profitable. It's just a huge sponge that soaks up tons of money. I'm going to school that costs 10k+/year and they are paying for it with no loans. They have invested wisely and this is why. Our house is probably worth $80k and this an area where houses are cheap.
DrPizza
Administrator Elite Member Goat Whisperer
I'll also agree that it depends a LOT on the region you're in.... There are very very few houses that would cost 400,000 in this area... If you wanted something with 50 acres, on a large pond (some regions call them lakes), 5 bedrooms, 3 baths, yadda yadda yadda, you're talking about something in the 200-300K range, although if you didn't want a home in immaculate shape, I've seen nicer 4 or 5 older country homes with a barn, 80 acres, etc. for under 100K.
You have just cemented the fact that you are a spoiled, ungrateful moron. I hope your dad enjoys spending HIS money when you are out of the house. You don't deserve a god damned cent.
I'm the youngest of 3 children (19). My dad is the only one working in my family and he makes ~40k/year. We live in a small city/suburban NJ city. My two sisters are both college graduates. I don't consider us poor, I've never really been denied anything.
I got my first job ever when I started college last year. I got my sister's old car when I got my license. I'm going to the college of my choice, (Boston University), and I think we are all doing quite well for ourselves.
Sure, my dad busts his ass at work every day, but he acknowledges the fact that he is a blue collar worker and only works so hard at a job he hates so that his children will have better lives.
I think we did pretty damn good if you ask me. I'm satisfied with my childhood. I'm not driven by material things but still would never want to do what my dad has done his whole life. However, it is possible. So to all you people who "need" 100k/year salaries to be satisfied, all I have to say is whatever.
Granted, I wouldn't mind a salary that large. But to be satisfied it will take something more than money.
/2 cents
I got my first job ever when I started college last year. I got my sister's old car when I got my license. I'm going to the college of my choice, (Boston University), and I think we are all doing quite well for ourselves.
Sure, my dad busts his ass at work every day, but he acknowledges the fact that he is a blue collar worker and only works so hard at a job he hates so that his children will have better lives.
I think we did pretty damn good if you ask me. I'm satisfied with my childhood. I'm not driven by material things but still would never want to do what my dad has done his whole life. However, it is possible. So to all you people who "need" 100k/year salaries to be satisfied, all I have to say is whatever.
Granted, I wouldn't mind a salary that large. But to be satisfied it will take something more than money.
/2 cents
*Applause* Well said.
As for me, I would love to have the situation I have now (I'm 17) when I'm older. I live with my dad, my older sister (Whos going off to college), and my younger brother. We live in a ~$500K house in the suburbs and my dad (although just an estimate) makes between $100-200K/year.
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