“$20,000 a month ain’t shyt”

[Laidbackman]

That's right, it ain't shyt. It's $20,000.

 

[Gloxina]

It ain't shyt to be in the top 1%. Why doesn't the other 99 get it together

“Get it together, grouch!”

 

[Elim Garak]

"Low quality duck tales"

 

[It's been real]

nikkas still capping after the @Luken debacle

 

[Shadow King]

An average American income isn't enough for a comfortable living in 2023, according to two recent reports. The typical U.S. family earns about $71,000 per year, according to the Census.

While the premise that 20K/month ain't shyt, is bullshìt, we also have to stop using "the average" when we know most Americans are 3 months away from being in an underpass, or less.

 

[Shadow King]

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

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??

You're also speaking for yourself...everyone doesn't live where you live...

 

[Bubba T]

100k is still a solid amount of money but you still need to remain cognizant of your budget less bills tear you up.

You should be putting as much in your 401k as you can. This is because this lowers your taxable income. This should be the same with any other tax related benefits, like an HSA. However, contributing 22.5k a year ($~865 a biweekly paycheck) is a steep order for a lot of people considering all their bills have to be paid with after tax dollars. There is still the matter of all the other benefits that are deducted from their pay BEFORE taxes are applied, and believe me looking at the tax deductions sting.

I audit employee benefit plans and I can tell you definitively that the only people who are maxxing out their 401k every year make 250k+ gross. Most people are contributing the minimum needed to get their 100% employer match. I don't see much people contributing more than 10% a paycheck.

The prevailing issue isn't what you make gross, but what are you bringing home after all that. You still need to pay your rent/mortgage which is likely your biggest expense (1000-3000 a month) and then your car payment (300-1000 a month considering how expensive cars are now). A person who makes 120k a year with biweekly paychecks (so about $4,615 biweekly) contributing 10% to their 401k, maxxes out their HSA, and has other standard benefits (Health, Dental, etc) is probably seeing about half of that as their take home pay ($2,307). If you annualize take home pay evenly (60k) then divide that monthly, you are working with 5000 a month.

Can you work with 5k a month to pay your mortgage, car note, food, clothing, entertainment, AND invest? Depending where you live and what you have, probably. But it definitely isnt a world beater salary and a LOT of people who make more (and less) than this get caught up. That's probably why people say "[Low six figures] aint shyt"

 

[Ashley Banks]

I have a friend that’s a physician and he makes $270k a year but coli brehs make more on their couch eating pizza.

 

[BaggerofTea]

I want to bruhs level where 20k is a pocket change. That's the goal

 

[Shadow King]

100k is still a solid amount of money but you still need to remain cognizant of your budget less bills tear you up.

You should be putting as much in your 401k as you can. This is because this lowers your taxable income. This should be the same with any other tax related benefits, like an HSA. However, contributing 22.5k a year ($~865 a biweekly paycheck) is a steep order for a lot of people considering all their bills have to be paid with after tax dollars. There is still the matter of all the other benefits that are deducted from their pay BEFORE taxes are applied, and believe me looking at the tax deductions sting.

I audit employee benefit plans and I can tell you definitively that the only people who are maxxing out their 401k every year make 250k+ gross. Most people are contributing the minimum needed to get their 100% employer match. I don't see much people contributing more than 10% a paycheck.

The prevailing issue isn't what you make gross, but what are you bringing home after all that. You still need to pay your rent/mortgage which is likely your biggest expense (1000-3000 a month) and then your car payment (300-1000 a month considering how expensive cars are now). A person who makes 120k a year with biweekly paychecks (so about $4,615 biweekly) contributing 10% to their 401k, maxxes out their HSA, and has other standard benefits (Health, Dental, etc) is probably seeing about half of that as their take home pay ($2,307). If you annualize take home pay evenly (60k) then divide that monthly, you are working with 5000 a month.

Can you work with 5k a month to pay your mortgage, car note, food, clothing, entertainment, AND invest? Depending where you live and what you have, probably. But it definitely isnt a world beater salary and a LOT of people who make more (and less) than this get caught up. That's probably why people say "[Low six figures] aint shyt"

This is the variable that divides people. I fuçking wish a 2K mortgage was on the horizon.

 

[vino]

It can and it can’t be. it took a minute to adjust when checks came because I had no obligations, I was young and I just spending Then I filed taxes and they said I had to pay another 36k. They already take a massive amount taxes out my check throughout the year.

But, no I wouldn’t agree with the statement as a general thing to say. Small fraction of people make that a month.

 

[BunchePark]

just left the court and see I got a warning for low quality TF

I was working on my jumper my nikka

duck tales? I don't get it

it's just money who really cares

clearly somebody check was short today logged onto thecoli and got butthurt

I ain't put them bills on you big dog

remember compensation comes before consumption even in the dictionary

gotta pay to play and I don't mind

 

[Serious]

Social circle makes a huge difference in perception.

I'm just north of $100k/yr with decent savings and a good 401k but I definitely don't feel like it's baller status since most of my friends clock $150k to $250k/yr.

Then you hang around with a different set of people and realize $100k with no financial issues/burdens is a lot better than 80 to 90% of Americans.

I make over 100k but Got a brother who’s a multimillionaire.

I don’t even bother trying stunt.

Money ain’t everything though, I’ll say that.

 

[TDUBB]

Its not how much you make, but how much can you save

 

[The Half-Blood FKA Prince]

Apparently it’s regular shyt to just sit at home and make more than a physician.
The life of a High Value 6 cert, 6 fig coli breh.

Afghans are hanging off planes because they want to work remotely

And here i was thinking they just wanted a place to jack off without the fear of getting stoned to death.