What Are They Doing Wrong
- Thread starter ChicagoFigure
- Start date
I guess u can do this when u have that much capital coming in yearly bc a mf making 100k with the same expense ratios might be fucked if an emergency came up.
Rubato
it only matters to us
They got $10k for “in case” shit plus another $7300
If their complaint is sincere, that’s an internal problem
MallyG
Active Member
"What are they doing wrong?"
Mal's answer: They lack DISCIPLINE, plain and simple. They have a house that is approximately 3/4 of a mill and a hefty price tag for "child care". Needs versus WANTS folks
17 tangible racks saved/stacked up isn't ideal w/ that type of monthly flow.
Mal's answer: They lack DISCIPLINE, plain and simple. They have a house that is approximately 3/4 of a mill and a hefty price tag for "child care". Needs versus WANTS folks
17 tangible racks saved/stacked up isn't ideal w/ that type of monthly flow.
God_Body
Check yourself, what percentage is you?
Lol, y'all niggas hating. What's wrong with 3 vacations a year? The car payments are $400 per car per month, average. Child care is $800 a week for two kids, for a nice program in a big city, average. And the mortgage payment of a 1.5 million crib at 4.1 % for 30 years is $7257/month. They paying $5k/month, they ahead of that. All they need to do is cut out that charity shit. Them niggas blessed
Dwayne
Just a lowkey chill guy
They actually living paycheck to paycheck. One month of missed work and they will have to go into their 401K like ppl that make much less than them
God_Body
Check yourself, what percentage is you?
If you can all your bills and cost of living with one pay check, props to you.
Dwayne
Just a lowkey chill guy
Its not about the check. Its about what they have saved not counting the 401K.
Because if you have to dip into that means your spending habits has to be curbed.
God_Body
Check yourself, what percentage is you?
Agree, they need to curb some shit. I wonder how old their kids are, cause if they in kindergarten or older, they should be going to the local school district for free, $1.5 mill crib and $20k in property taxes, the local school district should be on point. That's an extra $42k right there.
Bingo
According to the CNBC article the couple wanted to anonymously share their budget for feeling "average" even with a 500k salary.
I hope they werent looking for sympathy.
Another good post. Discipline is the keyword.
I assume 98% of us would raise our standard of living right away or make a high cost/interest unnecessary impulse buy if given a significant salary raise instead of paying off lingering debt first or building savings.
Patience and discipline goes a looong way.
Dwayne
Just a lowkey chill guy
% change depending on how much you make
Thats a good question right there. Only time i ever thought about percentages was debt to income ratio though (total monthly expenses divided by gross monthly income).
Ive read 40% and up in monthly debt/expenses can make it harder to get approved for a loan bc u are deemed too risky.
If ur anywhere above that i think it would be a good idea to see what u can cut then when u get wiggle room map out a plan for savings. THEN u can start talking about percentages.
But u MUST stop the bleeding first bc the development of discipline will make it worthwhile.
Net Pay after Steph Curry's 34.68 Mil salary
Remy_LeGermz
Location
he'll be aight