“$20,000 a month ain’t shyt”

Ezekiel 25:17

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Speak for yourself. Being single without children will have 100k go a long way where I’m from in the South.

I'm probably gone get roasted for this as all my usual posts:mjgrin:, but

I'll say that $100k is comfortable, but it's not what people make it to be. Max 401k is $22,500/yr. Max Roth is $6500/yr. That's $29k, so your $100k is now $70k. After living expenses, you aren't left with much. Now if you're living with a woman how's also bringing in income, things get better.

I think generation wealth building starts at $200k. Max out retirement, decent living, and funds left over to invest stocks, real estate, side hustles, etc.
 

-DMP-

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I'm probably gone get roasted for this as all my usual posts:mjgrin:, but

I'll say that $100k is comfortable, but it's not what people make it to be. Max 401k is $22,500/yr. Max Roth is $6500/yr. That's $29k, so your $100k is now $70k. After living expenses, you aren't left with much. Now if you're living with a woman how's also bringing in income, things get better.

I think generation wealth building starts at $200k. Max out retirement, decent living, and funds left over to invest stocks, real estate, side hustles, etc.
You get it.
 

ConPHIdential

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I'm probably gone get roasted for this as all my usual posts:mjgrin:, but

I'll say that $100k is comfortable, but it's not what people make it to be. Max 401k is $22,500/yr. Max Roth is $6500/yr. That's $29k, so your $100k is now $70k. After living expenses, you aren't left with much. Now if you're living with a woman how's also bringing in income, things get better.

I think generation wealth building starts at $200k. Max out retirement, decent living, and funds left over to invest stocks, real estate, side hustles, etc.

I hear you but I did all that with the exception of maxing out my 401k and honestly used that amount you could max it to kick off a fire stock/crypto portfolio. After living expenses I’ve had bread left over to do whatever I wanted to do (travel, buy whips I wanted, etc) and this was before I was even clearing 100k.

How is 70k as a single man with no kids who knows how to manage his money ain’t much with living expenses? Y’all serious??
 

Rev Leon Lonnie Love

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feed the needy. Might as well start with me, a humble servant of the lawd
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