What's the new "$100K" mark?

[SamurAchzar]

Originally posted by: dwcal

Originally posted by: SamurAchzar
I was just thinking about that too. I want to move to the San Diego area, I figured that I'm worth between 100-120k a year.
Single, no kids.

My calculation was that if you rent a nice house, that's like 2K$. Add 2K$ for other bills + car payments (you can get a really nice car for 500$/mo, can't you), and you're still left with 60-80K$ yearly for saving and spending. Save half, spend half - 40K$ as "funny money" can get you an awful lot of toys

Also, I don't know what the standard is among different industries, but it seems like most of my medical insurances/expenses would be payed by the employer.

But I'm not American, let alone Californian. Did I miss anything?

Tax?

OH NOES

I was a little bit suprised by the numbers, I've done this calculation before and always got much less... Well, it's 3AM here now

So after taxation, you're still left with anything between 70-85K, right? That should still leave you with like 4K$ a month according to my calculation above.

 

[everman]

Originally posted by: SamurAchzar

Originally posted by: dwcal

Originally posted by: SamurAchzar
I was just thinking about that too. I want to move to the San Diego area, I figured that I'm worth between 100-120k a year.
Single, no kids.

My calculation was that if you rent a nice house, that's like 2K$. Add 2K$ for other bills + car payments (you can get a really nice car for 500$/mo, can't you), and you're still left with 60-80K$ yearly for saving and spending. Save half, spend half - 40K$ as "funny money" can get you an awful lot of toys

Also, I don't know what the standard is among different industries, but it seems like most of my medical insurances/expenses would be payed by the employer.

But I'm not American, let alone Californian. Did I miss anything?

Tax?

OH NOES

I was a little bit suprised by the numbers, I've done this calculation before and always got much less... Well, it's 3AM here now

So after taxation, you're still left with anything between 70-85K, right? That should still leave you with like 4K$ a month according to my calculation above.

San Diego has some of the most expensive areas in the country to live, such as La Jolla and Del Mar. The farther you move inland the less expensive things get. Things are a bit cheaper north of SD such as in oceanside. I was there last summer and it would be a nice place to live

 

[ponyo]

100k a year is still lot of money anywhere in the world. I don't care if it's cali, ny, toyko, etc. Anyone who tells you otherwise is full of crap. Of course you can always spend more.

 

[PlatinumGold]

Originally posted by: SamurAchzar
I was just thinking about that too. I want to move to the San Diego area, I figured that I'm worth between 100-120k a year.
Single, no kids.

My calculation was that if you rent a nice house, that's like 2K$. Add 2K$ for other bills + car payments (you can get a really nice car for 500$/mo, can't you), and you're still left with 60-80K$ yearly for saving and spending. Save half, spend half - 40K$ as "funny money" can get you an awful lot of toys

Also, I don't know what the standard is among different industries, but it seems like most of my medical insurances/expenses would be payed by the employer.

But I'm not American, let alone Californian. Did I miss anything?

100k to 120k AFTER taxes? taxes will take out 25% so you figure 75k to 90k.

also, where do you think you are going to rent a "NICE" house for $2k / month? shoot, you'd be lucky to get a so so townhouse or condo for that. a "nice" house over 2400 sq ft would be closer to 3k / month. using your numbers of 2k / month for other expenses (not sure about that, seems to me utilities would eat up $700 / month, car payments, gas, insurance easily eat up another $1200.00 / month, then you have to eat. then you eat out a couple of time per week, go out on dates (if you single or newlywed).

so, let's say 3k / month rent, 3k / month for utilities, gas, car payments, insurance = $72k / year. not much left over.

 

[PlatinumGold]

Originally posted by: SamurAchzar

Originally posted by: dwcal

Originally posted by: SamurAchzar
I was just thinking about that too. I want to move to the San Diego area, I figured that I'm worth between 100-120k a year.
Single, no kids.

My calculation was that if you rent a nice house, that's like 2K$. Add 2K$ for other bills + car payments (you can get a really nice car for 500$/mo, can't you), and you're still left with 60-80K$ yearly for saving and spending. Save half, spend half - 40K$ as "funny money" can get you an awful lot of toys

Also, I don't know what the standard is among different industries, but it seems like most of my medical insurances/expenses would be payed by the employer.

But I'm not American, let alone Californian. Did I miss anything?

Tax?

OH NOES

I was a little bit suprised by the numbers, I've done this calculation before and always got much less... Well, it's 3AM here now

So after taxation, you're still left with anything between 70-85K, right? That should still leave you with like 4K$ a month according to my calculation above.

72k / year = 6k / month. how does that leave you 4k/ month?

besides people ALWAYS spend more money than they budget for AND there are always surprises, bad flat tire that requires new tires etc.

your 4k / month is really unrealistic.

 

[Nebor]

Originally posted by: PrinceofWands

Originally posted by: Nebor
But I had the fortune of being from a well off family. There's a huge gap between me and those who didn't have the same opportunities.

Bless you for publicly admitting that. Seriously. Thank you.

The enequities in society when I went to college were small compared to what they are today though. 40% of people from low income (often minorities) who are qualified to go to college don't, because it's not economically feasible. The government doesn't provide enough public funding for school, and the parents of these kids can't afford to pay for college for their kids. And this isn't just a problem for those considered poverty struck, it's a problem for the large lower middle class segment. Their parents never went to college, and now they can't afford to. In effect, the rich get richer and the poor get poorer, on a generational level.

Sorry, I just get riled up when I read about $4 trillion dollars in tax cuts for the wealthy, followed by another trillion dollars worth of unnecessary wars, all the while watching government education grants being rapidly outstripped by the rising cost of post-highschool education.

 

[Boztech]

Originally posted by: Nebor

Originally posted by: PrinceofWands

Originally posted by: Nebor
But I had the fortune of being from a well off family. There's a huge gap between me and those who didn't have the same opportunities.

Bless you for publicly admitting that. Seriously. Thank you.

The enequities in society when I went to college were small compared to what they are today though. 40% of people from low income (often minorities) who are qualified to go to college don't, because it's not economically feasible. The government doesn't provide enough public funding for school, and the parents of these kids can't afford to pay for college for their kids. And this isn't just a problem for those considered poverty struck, it's a problem for the large lower middle class segment. Their parents never went to college, and now they can't afford to. In effect, the rich get richer and the poor get poorer, on a generational level.

Sorry, I just get riled up when I read about $4 trillion dollars in tax cuts for the wealthy, followed by another trillion dollars worth of unnecessary wars, all the while watching government education grants being rapidly outstripped by the rising cost of post-highschool education.

Here here. If you're ever up in Addison I will buy you a beer. Living here I deal with wealthy pretentious people on a daily basis and it's very rare that they have a level-headed view of the world such as yours.

 

[PlatinumGold]

Originally posted by: Nebor

Originally posted by: PrinceofWands

Originally posted by: Nebor
But I had the fortune of being from a well off family. There's a huge gap between me and those who didn't have the same opportunities.

Bless you for publicly admitting that. Seriously. Thank you.

The enequities in society when I went to college were small compared to what they are today though. 40% of people from low income (often minorities) who are qualified to go to college don't, because it's not economically feasible. The government doesn't provide enough public funding for school, and the parents of these kids can't afford to pay for college for their kids. And this isn't just a problem for those considered poverty struck, it's a problem for the large lower middle class segment. Their parents never went to college, and now they can't afford to. In effect, the rich get richer and the poor get poorer, on a generational level.

Sorry, I just get riled up when I read about $4 trillion dollars in tax cuts for the wealthy, followed by another trillion dollars worth of unnecessary wars, all the while watching government education grants being rapidly outstripped by the rising cost of post-highschool education.

and yet, the military is the SINGLE easiest way for poor to get college educated. there is no single entitlement program bigger than the military.

no question that "fairness" doesn't exist in our society. my best friend in elementary school was from a very poor family. he couldn't afford to go to a 4 yr college. he took the full scholarship he got to community college got a 2 yr degree and was working as a full time paramedic last time i talked to him 12 yrs ago.

good guy. very smart guy and he deserved to go to 4 yr college. never happened tho.

his dad was retired navy too.

 

[Vic]

Originally posted by: Nebor

Originally posted by: PrinceofWands

Originally posted by: Nebor
But I had the fortune of being from a well off family. There's a huge gap between me and those who didn't have the same opportunities.

Bless you for publicly admitting that. Seriously. Thank you.

The enequities in society when I went to college were small compared to what they are today though. 40% of people from low income (often minorities) who are qualified to go to college don't, because it's not economically feasible. The government doesn't provide enough public funding for school, and the parents of these kids can't afford to pay for college for their kids. And this isn't just a problem for those considered poverty struck, it's a problem for the large lower middle class segment. Their parents never went to college, and now they can't afford to. In effect, the rich get richer and the poor get poorer, on a generational level.

Sorry, I just get riled up when I read about $4 trillion dollars in tax cuts for the wealthy, followed by another trillion dollars worth of unnecessary wars, all the while watching government education grants being rapidly outstripped by the rising cost of post-highschool education.

Nothing has done more to increase the cost of college education than government grants and loans.
FYI: I'm one of those lower middle class kids who had great deal of difficulty in affording college.

The world is not always what it seems. Which is no shocker when you realize that it is rich kids who always think they know how to help the poor.

 

[Vic]

Originally posted by: Boztech
Here here. If you're ever up in Addison I will buy you a beer. Living here I deal with wealthy pretentious people on a daily basis and it's very rare that they have a level-headed view of the world such as yours.

Are you kidding? I'll take pretentious over "level-headed" anyday. At least you know the pretentious are out to screw you. The "level-headed" are the back-stabbers who most of the time can't even see their own back-stabbing through their rose-colored glasses. They'll give you a handout, but never a handUP.

 

[Nebor]

Originally posted by: Vic

Originally posted by: Nebor

Originally posted by: PrinceofWands

Originally posted by: Nebor
But I had the fortune of being from a well off family. There's a huge gap between me and those who didn't have the same opportunities.

Bless you for publicly admitting that. Seriously. Thank you.

The enequities in society when I went to college were small compared to what they are today though. 40% of people from low income (often minorities) who are qualified to go to college don't, because it's not economically feasible. The government doesn't provide enough public funding for school, and the parents of these kids can't afford to pay for college for their kids. And this isn't just a problem for those considered poverty struck, it's a problem for the large lower middle class segment. Their parents never went to college, and now they can't afford to. In effect, the rich get richer and the poor get poorer, on a generational level.

Sorry, I just get riled up when I read about $4 trillion dollars in tax cuts for the wealthy, followed by another trillion dollars worth of unnecessary wars, all the while watching government education grants being rapidly outstripped by the rising cost of post-highschool education.

Nothing has done more to increase the cost of college education than government grants and loans.
FYI: I'm one of those lower middle class kids who had great deal of difficulty in affording college.

The world is not always what it seems. Which is no shocker when you realize that it is rich kids who always think they know how to help the poor.

All through the years when the baby boomers were growing up, the government had their backs. College was virtually free. Literally anyone who wanted to go to college could go. Cost wasn't an issue, because Uncle Sam had your back.

Unfortunately, as the baby boomers aged, and took control of the government, they didn't look to improve the future with forward thinking, proactive government like Eisenhower, Kennedy or Johnson. No, they said every man for himself, with "Reaganomics." They said, don't trust the government, the government is the enemy. And so generation X and Y has grown up believing that. It's evident in our lack of participation in the political process. Mere years from generation retirement, the baby boomers still run this country, and they've been robbing us blind and sticking us with a massive deficit ever since they've taken over.

Ask your parents, they'll tell you that college was pretty much free back in their day, there were no massive student loans. Today, the average college student leaves school with $20,000 in student loans and worse yet, another $6,000 in credit card debt.

We were raised disenfranchised, and we've been taken advantage of all our lives. Unfortunately the poor have taken more of the brunt than the wealthy, but there will be hell to pay for all of us if we don't unify as a political force sooner, rather than later.

 

[PlatinumGold]

Originally posted by: Nebor

Originally posted by: Vic

Originally posted by: Nebor

Originally posted by: PrinceofWands

Originally posted by: Nebor
But I had the fortune of being from a well off family. There's a huge gap between me and those who didn't have the same opportunities.

Bless you for publicly admitting that. Seriously. Thank you.

The enequities in society when I went to college were small compared to what they are today though. 40% of people from low income (often minorities) who are qualified to go to college don't, because it's not economically feasible. The government doesn't provide enough public funding for school, and the parents of these kids can't afford to pay for college for their kids. And this isn't just a problem for those considered poverty struck, it's a problem for the large lower middle class segment. Their parents never went to college, and now they can't afford to. In effect, the rich get richer and the poor get poorer, on a generational level.

Sorry, I just get riled up when I read about $4 trillion dollars in tax cuts for the wealthy, followed by another trillion dollars worth of unnecessary wars, all the while watching government education grants being rapidly outstripped by the rising cost of post-highschool education.

Nothing has done more to increase the cost of college education than government grants and loans.
FYI: I'm one of those lower middle class kids who had great deal of difficulty in affording college.

The world is not always what it seems. Which is no shocker when you realize that it is rich kids who always think they know how to help the poor.

All through the years when the baby boomers were growing up, the government had their backs. College was virtually free. Literally anyone who wanted to go to college could go. Cost wasn't an issue, because Uncle Sam had your back.

Unfortunately, as the baby boomers aged, and took control of the government, they didn't look to improve the future with forward thinking, proactive government like Eisenhower, Kennedy or Johnson. No, they said every man for himself, with "Reaganomics." They said, don't trust the government, the government is the enemy. And so generation X and Y has grown up believing that. It's evident in our lack of participation in the political process. Mere years from generation retirement, the baby boomers still run this country, and they've been robbing us blind and sticking us with a massive deficit ever since they've taken over.

Ask your parents, they'll tell you that college was pretty much free back in their day, there were no massive student loans. Today, the average college student leaves school with $20,000 in student loans and worse yet, another $6,000 in credit card debt.

We were raised disenfranchised, and we've been taken advantage of all our lives. Unfortunately the poor have taken more of the brunt than the wealthy, but there will be hell to pay for all of us if we don't unify as a political force sooner, rather than later.

college was NEVER free.

the difference between 30 yrs ago and today is not the relative cost. it's that 30 yrs ago, the academic standards to get into college were a lot higher than they are today.

college was also not seen as a prerequisite to a job the way it is today either. colleges did this intentionally, they made it possible for anyone to get into college then they made colleges a prerequisite to getting jobs where a college education is a complete waste of time.

there are several different types of education after college

professional/trade schools
academic schools.

the purpose of the professional / trade school is to prepare you for a specific trade / profession.

the purpose of academic schools was SUPPOSED to be to prepare the students for a life of academia or research.

i know most of what i posted is somewhat irrelevant to your point, not entirely but somewhat.

my point is, college should NOT be a prerequisite for most of the jobs available today.

we should make a distinction between academia for the sake of academics and research and academia for the purpose of a trade / profession.

we need MORE trade/profession schools and fewer and fewer academic schools.

fvck the 4 yrs college to get a degree in accounting, just offer a 2 yr course specifically designed to get your CPA and accounting degree.

we need more and more 2 yr trade programs that prepares the student for a SPECIFIC trade.

this will make college level education more affordable for everyone.

liberal arts is not the answer.

 

[James3shin]

if i had to put a number on things, ($250K today) = ($100K from the past).

 

[jagec]

Originally posted by: shenjingbing
Now I think $100K is barely getting by in Southern California.

LOL! Right....:roll:

Your definition of "barely getting by" is FUBARed.

 

[Slew Foot]

You can buy a 500K house with only 50K in total household income (at least that's the median stats for my zip code, 95834, Sacramento).

All you have to do is get a 90 year I/O loan and take out home equity loans every year to buy that fancy Escalade in the driveway. Then flip the house next year and keep moving on up. House prices are going to go up 30%/year forever, it's like an unlimited supply of money!

 

[Vic]

Originally posted by: Nebor
All through the years when the baby boomers were growing up, the government had their backs. College was virtually free. Literally anyone who wanted to go to college could go. Cost wasn't an issue, because Uncle Sam had your back.

Unfortunately, as the baby boomers aged, and took control of the government, they didn't look to improve the future with forward thinking, proactive government like Eisenhower, Kennedy or Johnson. No, they said every man for himself, with "Reaganomics." They said, don't trust the government, the government is the enemy. And so generation X and Y has grown up believing that. It's evident in our lack of participation in the political process. Mere years from generation retirement, the baby boomers still run this country, and they've been robbing us blind and sticking us with a massive deficit ever since they've taken over.

Ask your parents, they'll tell you that college was pretty much free back in their day, there were no massive student loans. Today, the average college student leaves school with $20,000 in student loans and worse yet, another $6,000 in credit card debt.

We were raised disenfranchised, and we've been taken advantage of all our lives. Unfortunately the poor have taken more of the brunt than the wealthy, but there will be hell to pay for all of us if we don't unify as a political force sooner, rather than later.

The only reason college was free for my father was because he served combat in Korea.

Originally posted by: Nebor
I'm making a bit over $100k a year in Dallas, TX. Single, no house payments, no car payments. I save\invest about 50% of my income every year.

And you'll pardon me, but I'm not gonna believe that some miserly little rich kid cares jacksh!t about the poor simply because he whistles the right political tune. If you actually cared, you'd give of your own, not perpetuate the cycle of the rich getting richer that your daddy started for you.

 

[enyce2k9]

real estate is the best business, nuff said time to invest $ xtra wisely.

 

[EMPshockwave82]

Originally posted by: Heisenberg
$100k is still well above the average family income here in the flyover states.

$100k is 4 times the average FAMILY income in IL

 

[ed21x]

100k a year os enough for one person to live comfortably paying rent and car payment anywhere in california, from the depths of Orange County to San Francisco.

 

[ed21x]

one thing i've noticed about people in California is, all of them, regardless of which city they live in (be it SD/LA/SF/OC) claim to live in the most expensive part in the country. I've found the east coast, more in particular Boston, Maryland, NY, DC, etc... to be much more expensive, and of course, people to be quite wealthier as well.

 

[Nebor]

Originally posted by: Vic

Originally posted by: Nebor
All through the years when the baby boomers were growing up, the government had their backs. College was virtually free. Literally anyone who wanted to go to college could go. Cost wasn't an issue, because Uncle Sam had your back.

Unfortunately, as the baby boomers aged, and took control of the government, they didn't look to improve the future with forward thinking, proactive government like Eisenhower, Kennedy or Johnson. No, they said every man for himself, with "Reaganomics." They said, don't trust the government, the government is the enemy. And so generation X and Y has grown up believing that. It's evident in our lack of participation in the political process. Mere years from generation retirement, the baby boomers still run this country, and they've been robbing us blind and sticking us with a massive deficit ever since they've taken over.

Ask your parents, they'll tell you that college was pretty much free back in their day, there were no massive student loans. Today, the average college student leaves school with $20,000 in student loans and worse yet, another $6,000 in credit card debt.

We were raised disenfranchised, and we've been taken advantage of all our lives. Unfortunately the poor have taken more of the brunt than the wealthy, but there will be hell to pay for all of us if we don't unify as a political force sooner, rather than later.

The only reason college was free for my father was because he served combat in Korea.

Originally posted by: Nebor
I'm making a bit over $100k a year in Dallas, TX. Single, no house payments, no car payments. I save\invest about 50% of my income every year.

And you'll pardon me, but I'm not gonna believe that some miserly little rich kid cares jacksh!t about the poor simply because he whistles the right political tune. If you actually cared, you'd give of your own, not perpetuate the cycle of the rich getting richer that your daddy started for you.

The cycle won't be broken by the dollars of one, it will be broken by the voice of a generation. Unless they choose to suffer through their lives silently.

I'm politically active to the extent that I inform myself before I vote. All of my volunteer time and money goes to a local AIDS support group, not to political groups.

You can rip on me all you want for being who I am, but I understand the growing educational quagmire, the destruction of the middle class, and the need for the government to do something to change the course of things.

 

[rockyct]

Originally posted by: ed21x
one thing i've noticed about people in California is, all of them, regardless of which city they live in (be it SD/LA/SF/OC) claim to live in the most expensive part in the country. I've found the east coast, more in particular Boston, Maryland, NY, DC, etc... to be much more expensive, and of course, people to be quite wealthier as well.

http://www.infoplease.com/ipa/A0883960.html SD/LA/SF all have a higher cost of living over Boston, DC, etc. NY and Hawaii are the only ones higher in that survey at least. I also know the median price of a house in SD is around $550,000, while the median household income is around $65,000. That is a huge disparity and pretty much makes it impossible for anyone making an avg salary to move to the actually city of SD.

 

[Vic]

Originally posted by: Nebor
The cycle won't be broken by the dollars of one, it will be broken by the voice of a generation. Unless they choose to suffer through their lives silently.

I'm politically active to the extent that I inform myself before I vote. All of my volunteer time and money goes to a local AIDS support group, not to political groups.

You can rip on me all you want for being who I am, but I understand the growing educational quagmire, the destruction of the middle class, and the need for the government to do something to change the course of things.

All changes begin with one person. I'm sure (if you're telling the truth) that you have enough money to put one worthy lower-class kid through college. If every person like you did the same, that would be all the change that would ever be required.
Instead though, you choose to perpetuate the cycle (by calling on other people aka "government" to make your change for you!!) and dare to call yourself informed!
Words are empty. Anyone can speak, anyone can have a "voice." Those mean nothing when not backed up by actions.

 

[datalink7]

100k barely making it? I think I only know 1 person personally who makes more than 40k. They are all making it. 100k is rich, at least from my perspective.

 

[LuckyTaxi]

Yea, I got a cousni making $4k clear in Cal. he laughs at me cuz I'm making $1900 AFTER taxes and he has the nerve to brag. What he doesnt realize is he's paying 2 times more than what I'm paying to rent. Therefore, he doesnt save as much money and he has to work OT to justify his life style.