>tfw I only make $100k a year

[Anonymous No.54234595]

I used to think people who made the "only make 100k" threads were baiting. After getting a job making 110k a year, im beginning to realize it wasn't bait, but a grim reality.

After taxes, retirement, and bills, im barely saving any money each month. If i get a new car I won't be able to save any extra money after my bills. Saving for a down-payment for a house would take 6+ years if i dont buy anything else.

When did things get so expensive? I thought after i got this job I would have tons of cash to spend or save however, but i feel like im barely scraping by like i did in college, except now i have retirement savings.

[Anonymous No.54234636]

My brother in Christ

The median individual income in the USA is $31,000 a year
You're a fucking tycoon in comparison to the vast majority of us

>After taxes, retirement, and bills, im barely saving any money each month.
Are you leaving 3 ovens on every night?

[Anonymous No.54234651]

>only

[Anonymous No.54234685]

>>54234595

i make 250k a year and i don't worry about money at all, but the idea that it's rich is also not true. i still rent because houses around me are 800k-1mm at 7% interest rates. i drive an old car. i'm grateful but what good is all this money if you have to spend all of it to live? i mean people talk shit on places like france where you might make 30k euro a year but you can also get a studio in a walkable pleasant city for 400 a month. i'm just trying to stash & invest as much money as possible. america is so good with luring you in with consumption. "just buy a house and commit to paying us 1mm over 30 years, it's a great deal! it'll build wealth!!! enjoy working for the rest of your life!!"

[Anonymous No.54234730]

>>54234685
Yeah 280k a year here. I blow way too much money on eating out at times I probably spend in a week what most people spend in a month in food. I eat “clean” per se I just don’t cook enough.

Good job on not getting suckered by a. Luxury car. I fell for that meme sadly so I’ll be getting out of it

[Anonymous No.54234732]

>>54234595
When I was a kid in the 90s yeah 100k was a lot of money, but with inflation that would be like 200k now. People stick with 1 million net worth and 100k salary as really good because they use to be and they are nice even numbers, have to double those numbers now to see what people think those numbers mean.

[Anonymous No.54234748]

>>54234730
how many limbs do i have to cut off to make 280k a year. im making 23k a fucking year

[Anonymous No.54234780]

>>54234595
My expenses are 16k a year. Get on my level.

[Anonymous No.54234825]

>>54234636
He's not joking, I know a plumber who makes 80k a year from his job and another 50k from side jobs, he does the whole radiant system installation with the whole boiler and manifold setup, one house is like 10k and he'll do a few a year. This dude keeps telling me that if he stops working for a month he'll immediately go -6k since he's tied up with property tax, car payments, mortage, bills, etc.

[Anonymous No.54234900]

>>54234825
So he's an idiot living beyond his means then. How awful for him.

[Anonymous No.54234903]

>>54234748
I got a masters in information security which was basically a meme degree 7 years ago. I will only work for Fintechs that will throw huge salaries at me. I know people doing the same job as me making 100k less but my company expects me to cover every niche area of cyber security which is somewhat daunting and not for the faint of heart.(and not really even a good strategy, but whatever, best efforts. And I still get paid )

[Anonymous No.54234919]

>>54234595
I'm at $110k/year myself in an HCOL state. My monthly expenditures are $3,252.97 a month. I still have $2,689.31 after everything is said and done. Right now I am not contributing to any retirement so I can pack down that $2,689.31 on debt. What are you spending money on? Have you created a balance sheet? What does it look like?

[Anonymous No.54234972]

>>54234595
inflation and taxation has made 100k basically nothing. no one even notices how bad it is >>54234636
the fed has boiled the frog so to speak

[Anonymous No.54235016]

>>54234595
Nice LARP. 100k/year is still top 10% income.

[Anonymous No.54235021]

>>54234595
My annual income is around 7000 USD a year, and somehow I'm closer to retirement than you.

[Anonymous No.54235027]

>>54234636
"USA median" is a misleading statistic purposefully engineered to make you accept the things the way they are. It'd be like listening someone from Pooland saying how a wagie in Germany has it good because "EU median income is X yuros and you're earning way more than that."
The general rule of thumb is that if you see someone making 2x as much for doing a similar job as yours, his cost of living is also 2x.

>>54234919
nta but it's possible to have nothing leftover if you're maxing out your 401k (the amount you can contribute increased this year).
t. 130k/yr in HCOL, rent alone is 3200/month

[Anonymous No.54235055]

>>54234595
Try being a tradie making 60k a year.

[Anonymous No.54235068]

>>54234919
$3200 a month in expenses is what a 24 yr old single person spends. OP is right - middle class for a family of 4 starts at $350,000. Everything is ass raping expensive to lease a car, a decent house, have a retirement savings, groceries, and (gasp) actually have a vacation.

[Anonymous No.54235081]

>>54234595
yeah, it used to be a good wage but it really isn't anymore. take home pay is about $5k a month after taxes. problem is rent/mortgage is $3k. I know I'm not the only one. I make $100k a year and the majority of my income still goes towards housing.

[Anonymous No.54235099]

>>54235068
>middle class for a family of 4 starts at $350,000
maybe in your shithole

[Anonymous No.54235133]

>>54235055
I can imagine, when i was in college i had a job which made 28k a year. Barely scrapped by, and i was cooking my own food and everything. My parents still paid some of my bills like car insurance ect... Anymore than i already had would have broke the bank.

[Anonymous No.54235145]

>>54234595
>New car

Ngmi retro or bust nigger.

[Anonymous No.54235179]

>>54234595
I make a little more and my expenses are $1250 a month. That's rent, utilities, gas, insurances, food, entertainment, and all the rest.
Do you have zero self control and doordash every meal or do you live in an overpriced hellscape?
I still feel the pain because despite having so much play money relative to income, it still takes years to save for a house. The real scam right now is that you can be way ahead of "everyone else" (TM) and still need years and years to save for the actual important things in life.

[Anonymous No.54235232]

>>54234595
>>54234636
The issue is OP's expenses are also probably 3x the average. Someone making $30k a year (pays basically 0 tax) that only spends $20k/yr in expenses is unironically better off than someone making $100k who is taxed ~25k a year down to $75k and then spends $70k/yr living in an expensive as hell city. There's a large gap between low income and high income where it's literally not worth it to make more money with the likely increase in cost of living you'd require. Obviously, if you can stay in the same area or even better sponge off your parents going for the highest paying job you can get is ideal. However, it really doesn't matter if you're making $500k/yr if it requires you to move to an area where you pay $495k a year to live.

[Anonymous No.54235262]

Unless you're a single guy in a cheap area low six figs is a bitch
>make enough that the government won't help you plus you're paying far more into Social Security/Medicare than you'll ever receive
>make enough that you're in a higher tax bracket, plus if you earn bonuses you get raped on those even harder than on regular income
>make enough that poorfags are insanely jealous of you and think you're le ebil rich Mr. Monopoly Man who isn't paying le fair share but don't make enough for politicians to bribe politicians for tax cuts or other perks so good luck ever getting a break from the bean counters
>varies by workplace/industry but generally you're making enough for your employer to think you are paid very well, which means higher expectations and more pressure and less room to move up on the pay scale

[Anonymous No.54235271]

>>54235179
If your rent or mortgage is under 1000 you live in a shithole 100% chance or with roommates

[Anonymous No.54235295]

>>54235271
I am married so I guess technically the second one?

[Anonymous No.54235313]

>>54235271
>claims to have around $4k/m discretionary spending
>still needs years to save for a house.
dude is a larp

[Anonymous No.54235374]

>106k salary
>$8833/mo after taxes
>contribute 12% to retirement/stock plan
>keep 58% of income after contributions and taxes
>left with $4840/mo
>$1250 rent
>$330 car payment
>$130 insurance
>$80 phone
>$400 on food/dining
>couple hundred a week on stocks/crypto
Left with about $2000 a month after that. Single guy, 29, living in tier 2 mid Atlantic City. Couldn’t imagine having a non-dual income family

[Anonymous No.54235390]

>>54235262
>>varies by workplace/industry but generally you're making enough for your employer to think you are paid very well, which means higher expectations and more pressure and less room to move up on the pay scale
this hurts.
It's also infuriating when HR roasties hate your gut for "making so much" when in reality they pay jack shit in taxes and I'm basically paying for their tax returns and low-income grants.

[Anonymous No.54235405]

I make 4.8k a year
Help

[Anonymous No.54235422]

>>54235374
>contribute 12% to retirement/stock plan
Why do you pay 42% in taxes? I thought Americans pay less in taxes so they can spend more as they please unlike euros

[Anonymous No.54235427]

>>54235262
I know people that make six figures and due to where they live have maybe ~$5k/yr left over after necessary expenses. Less if they contribute to retirement accounts. Literally making less than a teenager working part time at mcdonalds at that point. Where you live is infinitely more important than how much you make imo

[Anonymous No.54235436]

>>54234595
I make almost 2x as much as you. Aside from a nice car and house, my standard of living is not much better than the average Joe. I heavily invest $8000 a month so I can make it one day(hopefully by 2025).

[Anonymous No.54235438]

>>54235422
get a better reading comprehension

[Anonymous No.54235453]

>>54235232
>Someone making $30k a year (pays basically 0 tax)
meme. when i made 30k a year the government was taking 24% out of my paycheck

[Anonymous No.54235466]

>>54235313
500-700k for a respectable house here, I guess you can think what you want. But that's what it'll take around here to give me something I'll be happy raising a family in.
That requires a 150k down payment (and rapidly growing) to make the numbers work.
This is an indictment on the cost of houses and nothing more. I am 24 and started with nothing at 22, so maybe that helps explain it. I'll feel a lot more secure by my 30s unless we manage to hyper-inflate into the sun by then.

[Anonymous No.54235467]

>>54234595
I make $350k/yr and I still feel poor. And no, I don’t live in SF or NYC

[Anonymous No.54235490]

100k is only good in midwest or south. You need to make $300-400k to feel like you made it. Only jobs that will get you there are business owner, tech, finance, law, or medicine.

[Anonymous No.54235512]

I live in central Florida. 85k WFH job, after mortgage and other expenses I'm saving roughly 3k a month.

[Anonymous No.54235529]

>>54235438
>keep 58% of income after contributions and taxes
fuck off back to re*dit midwit

[Anonymous No.54235533]

>>54235466
$1M is the new $100k.
The "six figure income" meme was a boomersay stemming from the plentiful days when they could literally afford a mortgage simply by working 40 hours per week without a college degree. That's why they have a weird "you just need to work harder" attitude towards poverty or income inequality.

[Anonymous No.54235570]

>>54234595
My parents made 400k a year combined and it was barely enough for them to save, pay off our house, and send me to college. They didn’t go on vacation, but a new car, or go out to eat for 15 years after 2008. I can’t imagine if they were idiots what would have happened. Money is eaten up quickly in high cost of living states like Massachusetts were we lived.

[Anonymous No.54235575]

>>54235466
>500-700k for a respectable house here
says the guy whose total monthly expenses are $1250? just admit that you live with your parents and we can move on.... you aren't renting anything for that cheap though in a respectable area with respectable houses on the market.

[Anonymous No.54235586]

>>54235453
Well, the federal + FICA effective tax rate on $30k is at best 13% combined assuming you don't make any tax deductible contributions to any retirement accounts or take advantage of any tax credits. If you have state + local taxes it'd be slightly higher but I don't see how you were paying 24% unless you just fucked up your w4 and a bunch back at the end of the year. When I made around that I basically paid next to $0 federal due to 401k contributions and tax credits.

[Anonymous No.54235596]

>>54235529
try again, retard

[Anonymous No.54235599]

>>54234595
The trick is taking that 100k income to a locale where the average start is 35k. Now you're a tycoon.

[Anonymous No.54235624]

>>54235596
maybe a picture will make it easier to understand npc faggot

[Anonymous No.54235637]

>>54234595
Minimum wage in 1978 is legitimately equal to a 100k salary in 2023, no cap

[Anonymous No.54235657]

>>54235081
>>54235068
>>54235027
Best thing i did financially was
> Get married (better tax brackets)
> Have kids (dependents and also future retirement ).
> Buy a condo in August of 2020. Yeah condos are a meme and the HOA fee sucks, but the interest write off is insane.
I was doing C2C 1099 work and gaming the payroll system as an S Corp LLC to take home roughly 7,500 each month. Unfortunately that contract ended and businesses are lame faggots forcing you to do w2 instead of 1099s.

[Anonymous No.54235659]

>>54235586
>t. knows nothing about being a burger
this board is 99% shitskins don't even bother listening to anyone here.

[Anonymous No.54235691]

>>54235575
1 bedroom apartment for 1000/mo. I just cut our expenses in half to give my 1250 figure since we both work and share costs out of the same account. Generic new apartment building in normal midwest city.
Again, think what you want, if you want to get upset then go for it.
We make damn near the median house price in our town in a year, but it's weighed down by all the shitty 75k houses that are falling apart near downtown.
It still costs big money to have nice things that I want, boomers just aren't dumping their acreages to move into the nursing home here yet.

[Anonymous No.54235847]

I was making $200k a year in Australia.

Legit felt poor.

What shocked me was when I’d drive around my town I’d see all these people living in mansions driving extremely expensive cars while I lived in a shoebox and drove a 15 year old Honda. I still can’t comprehend it. I knew I was making more money than almost all of them, so how could they afford that shit when I couldn’t?

Best thing I ever did was quit my job and move to the third world to live off my crypto gains.

The west has in fact, fallen.

[Anonymous No.54235908]

>>54235847
All I can gather is that normies unironically debtmaxx, and that being responsible is demoralizing for the first few years before it pays off.

[Anonymous No.54235925]

>>54234595
I live in New England and make 70k/year and I still manage to put away on average $600 per month while living in a very nice 2BR by myself, not counting months where I get bonuses or (since I'm paid biweekly) get 3 paydays.

I make 30k less than you after taxes and can put away like 10k per year so how the fuck are you "Barely saving money" exactly? If I made your salary not only could I buy a house in 6 years, I could buy it with cash.

[Anonymous No.54235935]

>>54234636
people live up to their incomes, retard.

[Anonymous No.54235984]

>>54235935
>retard
I think the retards are others

[Anonymous No.54236003]

>>54235657
>but the interest write off is insane.
tell me more about this. What makes condos more advantageous than normal houses?

[Anonymous No.54236040]

>>54236003
I don't think there's any difference versus a single family house, it's just that writing off the interest on any property helps you at tax time on any real estate.

[Anonymous No.54236092]

>>54235908
A lot of normgroids get a down payment on a house as a wedding gift from their parents. I have a friend who got a really nice house paid for entirely in cash by his wife's parents shortly after they married. His wife is the only child of some Hollywood (((producer))). They're basically being bribed for granchildren. His in-laws told them once they have a few kids they'll buy them an even nicer, bigger place and they can keep all the money from selling their current house.

[Anonymous No.54236109]

>>54235374

total larp. youre not making 9000/mo net with 106k/yr. especially after you take out retirement, etc.

[Anonymous No.54236128]

>>54235016
>100k/year is still top 10% income.
>37 posters
>at least 3-4 people ITT make 100k

cope, poors

[Anonymous No.54236134]

>>54234595
I make 95k and live with my parents so I dont even have 2 pay rent. I agree, I basically save like 5k/month, it feels like nothing. I have 100k in the bank saved from the last 18 months, but Fr I feel like its nothing. waiting to buy a house but theyre all expensive as fuck. I'm also a KHV so I should probably just kms (t.23)

[Anonymous No.54236161]

>>54236003
See >>54236040
There isn't any difference. I'm just a poorfag in Cali and could only afford a condo. Regardless the write off for real estate interest is solid and absolutely exceeds any benefit you'd get from renting.
I'll be honest, if you can afford a 3.5% down payment, buying nowadays is almost always better than renting. Think of it as a 2 year lease. After 2 years, all of your gains are tax free and you get some of your "rent" back when you sell.
The only time renting makes sense is if you need to stay in a place under a year.

[Anonymous No.54236174]

>>54236134
it blows me away that there are people with decent paying jobs and 6 figures in the bank feeling as destitute as you describe. it's insane how much things have changed.

[Anonymous No.54236268]

>>54236174
Im /fit/, good job relative to what everyone else I know is doing, p decent looking (white no balding). Still h8 my life, still no q.t gf, still probably gonna kms. I think its bc im 5'7 desu. Although every normie I know my age is in the same exact boat so who knows.

[Anonymous No.54236309]

>>54236134
You're retarded, or your financial barometer is super broken.
Even if the market averaged a measly 5% real ROI over 10 years, if you invested 5k per month for 10 years you would have almost 800k real dollars. If you continued that for 20 years you'd have almost 2 million real dollars. You could retire at 45 and spend the rest of your life slamming pussy on the beach.
You have been broken by youtubers trying to convince you that the only path to success is to be some 20 year old asswipe who cons redditors out of hundreds of thousands and then moves to Brazil to live comfortably or some other BS. In reality the vast majority of people around the world even in prosperous countries live in slightly below-average conditions then die impoverished. Even having a path to being independently wealthy before you die counts as astronomic success. Achieving it before or as you have children is a feat limited to the top 1% of people who have ever lived.

[Anonymous No.54236332]

>>54236134
>having cash in the bank in March 2023
>nigga, you’re ‘tarded

[Anonymous No.54236376]

>>54236309
You're the fucking retard you 50k/year faggot. I work typical corporate job where you can climb the ladder for 20 years and retire. The problem is doing this shit 20-30 years ago used to net u in the top .1% of income in the country. Look at all the fucking gen x faggots that worked at like verizon or some shit for 20 years out of college, have 6 kids whos college is paid for, a wife, a house, a luxary car, and a beach house. All while having like 10m in their bank account. A 400k home cost 150k 3 years ago in an area I was looking on zillow. The financial system is fucked and owning 10k in microsoft 20 years ago won't moon to 500k today. You have to be a serious fucking dave ramsey tier delusional retard to think that just maxing out your 401k and not having a car payment is going to make you legitimately wealthy. All you can be as a high income wage slave nowadays is a tax pay piggy for tyrone and his 18 kids.

[Anonymous No.54236394]

>>54235179
You are fucking full of shit or do literally nothing. Give me your monthly breakdown.

[Anonymous No.54236405]

>>54236134
Dude, why didn't you invest that in shit that yields a dividend?
OXSQ yields like 15% too and it's cheap as fuck. Just set it to reinvest dividends and you'll be slurping the dip each time.
Also you only need 3.5% for a down payment on an FHA loan. You have MORE than enough cash to buy right now.
I swear, the demoralization Jews are good making retards think they need 20% down.

[Anonymous No.54236411]

>>54236174
I wouldn't necessarily describe it as destitute but can feel adjacent to that to live an extremely frugal lifestyle, do everything "right", and still have cost of living rising nearly as fast as your savings and investments.
Central banks kind of fucked us with the money printer. People just called me dumb for anticipating this, and now I'm still the faggot after it's come to pass, it's all pretty tiring.

>>54236309
I think it's a shared struggle of this generation to not feel depressed by the current state of affairs. It definitely sounds like that anon is depressed.
The problem with your assumption is that even the boomer ETFs I mostly buy have been bleeding money for two years straight. I see the light at the end of the tunnel but I'm in the boring middle phase of accumulating wealth where some people give up.

>>54236332
If you're saying this because of inflation, then you're probably right.
But, midwit take if you think banking collapse is coming - they'll print as much as they need to keep it going and they've already started doing it. Fed's balance sheet spiked way up this month.

[Anonymous No.54236417]

>>54236161
I see. Now I just need to find a way to save enough money to pay for 3.5% down payment on a house in SV. Or maybe I should hold off until I can find a reasonably stable job outside SV.

[Anonymous No.54236439]

>>54236376
Dude you're retarded. Go to a credit union or loandepot.com
You only need 3.5% down for your first home and with the amount you have right now you can be sitting inside a house.

[Anonymous No.54236505]

>>54236417
SV is silicon valley right? Cali has some crazy poor fag shit you can bilk to help you get more of a down payment. It's absolutely nuts.
https://www.calhfa.ca.gov/homebuyer/programs/index.htm
Some are essentially 0% down payment assistance loans that basically bolster your down payment and you don't have to pay them back unless you sell or decide to do so voluntarily.
Do some digging, they don't advertise these programs for a reason.

[Anonymous No.54236516]

>>54236439
>>54236405
Why would I buy a house for 400k today when I could have bought it for 150k 2 years ago. Also I really have no incentive to move out until I get a GF so if I were to buy a house I'd use it as a rental property. In which case I'd like to put a large down payment on the house to keep the interest low incase I'm unable to fill the house with rentoids for a while, and I can easily pay the mortgage while its vacant. Assuming the market undergoes a severe correction in the next couple of years, in which case I'd be happy to just own the house regardless of living in it or renting it and treating it as an appreciating asset investment. If the housing market doesn't correct I'm fucked anyway so why bother

[Anonymous No.54236555]

>>54236394
>Rent - 500
>Electric/heat - 80
>internet - 40
>phone - 0 (work pays phone)
>Food 250
>Insurances - 70
>public golf course membership - 100
>misc. / entertainment - varies but average is $200 a month for other little stuff not covered here
>Gas - maybe $20/mo because work at home
>Don't have cable or netflix or any subscriptions
>No car payment
>No student loans
Sure. My lifestyle is atypical but I didn't expect people to actually act like a bunch of women over it. It just took me a minute to go double check everything.
That's a rough breakdown, and I've been about $50 under that per month this year. I overshoot by about that same amount in the summer because we do more when it's nice outside, road trips, etc.

[Anonymous No.54236556]

>>54234636
he might be spending a lot if he has a woman

that was the one thing I noticed when I dumped my ho and moved, the 70k I was making went WAY FURTHER than the 115k I was making when we were together

[Anonymous No.54236595]

>>54236555
>rent 500

lol, ya, not everyone wants to live in rural alabama. by the way, when i lived in rural alabama a one bedroom apartment was 700 dollars a month still, and that was years ago

[Anonymous No.54236608]

>>54236516
>Why would I buy a house for 400k today when I could have bought it for 150k 2 years ago. Blah blah blah some abysmal plan to rent or assume a market crash.
Because in case you haven't noticed, TPTB have decided to hyperinflate every currency which means your dollars in the bank will be worthless. Either park that shit in some asset like stocks, crypto, or real estate so when currency goes tits up you won't be a bag holder.
Also, you're shit at timing the market.
> Time in market is better than timing the market

[Anonymous No.54236612]

>>54234595
>retirement savings
sure hope that's not in dollars

[Anonymous No.54236621]

>>54236595
I described above, I am married and it's $1000 a month, split, in a new building in the midwest. It isn't amazing but we're the first tenants of this unit and it's decently nice.
That's my situation, take it or leave it. Another anon asked for a breakdown and that's what I got.

[Anonymous No.54236649]

>>54236505
>300k income limit
jesus christ
i don't know if this is indicative of the housing crisis or california being generous

[Anonymous No.54236652]

>>54235570
Something is wrong here. 400k a year is enough for one new car every 5 years, sending a kid to college, and doubling mortgage payments unless they bought a mansion right before 2008 happened.

[Anonymous No.54236659]

>>54234595
>stealth LINK thread

[Anonymous No.54236684]

>>54236505
>Lowest income cap for gibs is 159k
Motherfucker what

[Anonymous No.54236685]

>>54235908
We need normies to debtmaxx if we want economic growth and good returns on investments

[Anonymous No.54236700]

>>54236685
I hate that this is mostly true and I sadly agree when it comes to consumer spending.
It just fucks up some things along the way when they carry that attitude into overpaying for houses.

[Anonymous No.54236769]

>>54235027
>"USA median" is a misleading statistic purposefully engineered to make you accept the things the way they are.
God damn fucking nigger what the fuck am I reading. USA median means exactly USA median, it's not misleading at all.

[Anonymous No.54236809]

>>54235467
if not larp ,what do you do?

[Anonymous No.54236814]

>>54236700
Getting a mortgage and winning the bidding war doesn’t automatically mean you’ve won. These people are going to have to service that loan for 30 years and many people are going to have trouble making payments if there’s an economic downturn. There has to be one. If there’s no downturn we will end up like Japan and it’ll be so fucked.

I’m about a year and a half away from buying a house

[Anonymous No.54236855]

>>54236092
probably true for many. my parents are dead so i'd maybe feel a little less lost with their help.
My older coworker did this for one of his kids, so I've seen it happen anyways.

[Anonymous No.54236882]

>>54234595
im making $130k USD/year and putting away 81k a year for retirement (22.5k in pretax 401k, 20k after tax 401k,10k employer contribution, 6.5k roth, 3.9k HSA, 13k taxable brokerage). it helps that i live at home and only pay about $400 a month for housing expenses ($900k home that i will inherit half of). my yearly expenses is about $15k.

[Anonymous No.54236916]

>>54236882
Wow all that money just to enjoy it for 10 years until you die or start shitting your pants

[Anonymous No.54236931]

The company I work for pays my rent so that's pretty advantageous from a financial perspective but obviously not a long-term strategy. I'm just banking as much as I can while it lasts

[Anonymous No.54236934]

>>54236916
i plan to retire in my mid 40s

[Anonymous No.54236972]

>>54236814
I agree with this, I don't think we're far apart on anything.
My actions are defensible and logical since I don't need a house yet (no kids) and we need more time to save, but it still leaves me waiting on hold for something to break before I can buy and not get left holding generational bags. Blowing my disposable income on stuff that wouldn't make me happy or FOMO'ing into a house with 5-10% down now wouldn't even help.

>>54236882
If you don't know how to get money out of retirement accounts before 60 you simply don't know the tax code at all.
I agree with not working for the shekelsteins until you're about to go into the nursing home, but you can absolutely make full use of your tax-advantaged accounts and still ditch the 9-5 grind in your 40s.

[Anonymous No.54236978]

I make $120,000 and I'm doing okay financially speaking. After four years on the job I saved $100,000 in cash. Then there's my retirement account, but I don't even look at that since the fund's been swandiving. All I know is it's not much. I don't like my job so much at all, but I love having all this fucking money. In almost all aspects of live I'm a total loser but money really does take the edge off. Plus if the market really crashes from this banking shit, I'll have plenty of dry powder to get actually rich. And I might get layed off from my job, and get a severance package. Just need a few more bad decisions from the fed.

[Anonymous No.54236989]

>>54236769

labor stats can be misleading in that they remove a lot of people making little to no money from the population even if they would or could work. unemployment stats are a great example of this. it is also misleading in that a lot of time it is reported HOUSEHOLD incomes and not per capita incomes. we know there has been a huge increase of dual income households in the most recent 50 or so years which you'd think would have a huge effect on median household income, but in fact it doesn't which is pretty sad.

[Anonymous No.54237006]

>>54234595
Did you think 6 figure wagie anons were lieing Anon? Now you know.

[Anonymous No.54237010]

>>54236978
The market will never crash. The fed has shown time and time again that it will prop up the economy even if it means creating more wealth inequality. Just like when Ben bernanke caved in during the taper tantrum J Powell will cave if something similar happens.

[Anonymous No.54237027]

>>54236972
i know how to get the money out of my retirement accounts. im doing megabackdoor roth on the after tax 401k, so i can pull that and the annual roth contribution at any time. then i plan to do roth conversion ladders from the trad 401k/IRA accounts and with draw from that.

[Anonymous No.54237034]

dude, most people make sub 50k

[Anonymous No.54237044]

>>54237027
Whoops. wrong anon. i believe you, I meant that reply for >>54236916

[Anonymous No.54237069]

>>54237010
:(

[Anonymous No.54237093]

>>54237034
most people also don't pay 3k+ in rent

[Anonymous No.54237203]

>>54234685
Silicon valley? I almost threw up reading your verbal spittle.

[Anonymous No.54237355]

>>54235081
>>54235027
Why are you idiots spending so much on housing. I wfh making 160k (salary, not tc or total cope) ans my mortgage is $800 a month.

[Anonymous No.54237391]

>>54234595
We're all paying off debt induced by inflation for the last 100 years. You can keep running on the wheel or you can start using a different system.

[Anonymous No.54237402]

>>54237391
She’s on the phone what questions do I ask

[Anonymous No.54237410]

There was a golden time before 2019 where 100k could get you a house and car. They sold you the dream.

Then they rugged it as soon as you got there. Houses now cost 2-3x the price, cars are 2x price, groceries and just living costs 2x the price.

The goalpost is now 300k.

[Anonymous No.54237461]

>>54235570
My niece lives in CT and holy fuck that state is a joke. The taxes never stop.

[Anonymous No.54237498]

>>54236934
and do what? Trust me i've been semi retired. you better have a hobby.

[Anonymous No.54237504]

>>54237410
not too far off, i can see this being true in the worst-off areas. maybe i'd say 175-200k depending.
i think 20-somethings like me get a little impatient, but at the same time it's probably true that my parents likely would have it all back in the 80s if they had my inflation-adjusted income.
solo, I make 80% of what they made combined at the end of their careers and they had a 3k sqft house, a lake cabin, new cars, and they could service all the usual middle-class debt traps.

[Anonymous No.54237532]

>>54234636

[Anonymous No.54237588]

>>54237498
agreed - the value is in the flexibility to not work if you hate your job.
then you can ditch it and do contract work or whatever you want. if you have an empty life outside of work or you'll still be depressed

[Anonymous No.54237723]

>>54234595
Its all about how you live your life. I have my bills mathed out that I can comfortably pay everything on 50k a year, 65k if I want to plan an extra thousand or so a month for shit that comes up that isn't planned for. I make 100-120k, so the rest is saved, invested or goes to discretionary spending.

The average person (and you just might be a normalfag anon) doesn't meticulously budget, and so when they make a little bit more, they start subconsciously spending on things they don't even consider, and very quickly find themselves running out of money. Make a budget and stick to it. Also cost of living is a meme, you can almost always find some sort of compromise between remote work or commute that reduces it substantially.

[Anonymous No.54237905]

>>54237034
So what? I compare my situation to the earnings of other people in my demographic (college-educated 30 something white man in a white collar industry), not high school dropout single moms working as a waitress at IHOP or illegals mowing lawns or parolees doing warehouse work or nepotistic Jewish executives getting golden parachutes for driving a company into the ground.

[Anonymous No.54237937]

>>54234595
Seems more like people start making 100k and suddenly forget how to compromise on their budget.

[Anonymous No.54237960]

>>54234595
>makes 100k
>complains about not being able to save
Jesus fucking chirst how retarded are you with spending you're money? All you have to do is not live above your means. Although just like 90% of Americans you probably just live to consoom. Here's a tip faggot, stop consuming so much bullshit and than you'll be able to save

[Anonymous No.54237965]

>>54234595
I really don't fucking get it. I make 75k/yr, I own a (town)house and my expenses are only $1,800 a month. What the fuck do you people do with your money?

[Anonymous No.54238007]

>>54235068
>$3200 is the expenses of a single 24 yr old man
Nigger what? Op says he rents, unless he rents in the most expensive part of his city than he shouldn't have expenses anywhere near that high. His car note is paid off and yes grocies have skyrocketed in prices but no where near enough for him to be spending $1k plus on it.

[Anonymous No.54238201]

>>54235232
that's called a social mobility wall and it's by design.

[Anonymous No.54238420]

>>54234903
thanks for that anon. sounds like you worked really hard for it. i just squandered my teens and twenties with MMOs. im realizing now how much i've set myself back for it.

[Anonymous No.54238948]

>>54234595
Based list anon, why didn't you invest that in shit that yields a dividend?
MyS of Magic yearn yields over 200% staking it. Plus By holding myBUSD tokens, you can earn regular reflows directly in your wallet. You have the flexibility to swap your myBUSD tokens back to BUSD anytime, almost at a 1:1 ratio

[Anonymous No.54239040]

>>54238420
I might be aging myself here but I had shit grades In high school and I dropped out of college my first time around because I had horrible depression and was addicted to counterstrike 1.6

It is true that I worked hard in my mid twenties and turned things around but I found a niche skill I was passionate about .

[Anonymous No.54239812]

I only make 39k per year(with taxes)(php codemonkey)
I live in Lithuania(eastern europe)
How do I make more? Please give me advice, richer anons

[Anonymous No.54239923]

>>54234595
You just dont know how to spend your money probably. Consooomerism got fucked you up. If you have any consciousness about how you spend your money you can make a pretty good living with 15k / year + bills and rent.

[Anonymous No.54240036]

>>54234780
I pay this much in childcare every year