iceberg_is_on_fire
Wearing Lions gear when it wasn't cool
Here in Northwest Indiana, 200K will go far as fukk. 
“$200,000 a year is the new $70,000”
- Thread starter BrothaZay
- Start date
Dwayne_Taylor
Superstar
These threads always turn into humble bragging, instead of a discussion about how these corporations are robbing Us blind with inflation
Depends on where you live.
some parts of this country just need to move. Relocate to a place that isn't ripping you off in terms of cost of living rather than trying to flex on how much you can earn while still being middle class.
to me having a nice house and lifestyle, and being able to afford it is the new 200K. If i make 120K and am living better than you are but you make 200K. I'm the one winning.
I only spend 1 third of my gross annual pay. I have enough saved that I can quit my job and chill for 6 years still not have to worry about going broke.
Earning 200K but living paycheck would not be an upgrade in my case.
some parts of this country just need to move. Relocate to a place that isn't ripping you off in terms of cost of living rather than trying to flex on how much you can earn while still being middle class.
to me having a nice house and lifestyle, and being able to afford it is the new 200K. If i make 120K and am living better than you are but you make 200K. I'm the one winning.
I only spend 1 third of my gross annual pay. I have enough saved that I can quit my job and chill for 6 years still not have to worry about going broke.
Earning 200K but living paycheck would not be an upgrade in my case.
"But you can drive a 1992 Toyota Camry and eat Vienna sausages for breakfast, lunch and dinner."
People say in most areas of the country $XXXk would have you living like a king and that's true but the jobs that usually pay like that for staff are usually only in the highest COL areas so it's a wash trying to compare it to living on 80k in Omaha or Des Moines.
You add in some kids etc, and yeah, a lot people might feel squeezed on that $200k a bit and it's not just people living outside their means when, like you say, cost of everything has tripled.
IIVI
Superstar
I don’t make $200k per year through employment, about low to mid $100k’s.
My stock portfolio though?
S&P500 and A.I stocks
I know some folks that made their entire yearly salary in two days at the start of earnings season on Meta a little over a week ago. They work in the Medical field too so that was bank.
Meta isn’t even close to what their future valuation is either. This is somebody who doesn’t own Meta so I’m not trying to hype up my bag. Those people just buy great stocks and hold. No day trading fanciness or anything.
A lot of folks didn’t go to College or Military and don’t have a big-paying salary so they feel like they’re missing out, but it’s not too late to really try and put your money into the stock market consistently and think long term. S&P500 stocks like VOO (about 75-85% of investment into it) and the rest into whatever looks like will be the future (A.I) as long as it’s a High-Quality companies like NVIDIA, Meta and/or TSM.
The play is literally in all our faces: companies central to A.I. This is the stage where we’re eating Taco Bell in the 1980’s while Mexican food is just starting to get more popular. Imagine not investing in Taco Bell (Pepsi) after seeing more and more restaurants pop up everywhere.
Down the road if someone stays disciplined in investing that way they can easily out-earn somebody who studied Engineering in college but didn’t invest in the long term.
My stock portfolio though?
S&P500 and A.I stocks
I know some folks that made their entire yearly salary in two days at the start of earnings season on Meta a little over a week ago. They work in the Medical field too so that was bank.
Meta isn’t even close to what their future valuation is either. This is somebody who doesn’t own Meta so I’m not trying to hype up my bag. Those people just buy great stocks and hold. No day trading fanciness or anything.
A lot of folks didn’t go to College or Military and don’t have a big-paying salary so they feel like they’re missing out, but it’s not too late to really try and put your money into the stock market consistently and think long term. S&P500 stocks like VOO (about 75-85% of investment into it) and the rest into whatever looks like will be the future (A.I) as long as it’s a High-Quality companies like NVIDIA, Meta and/or TSM.
The play is literally in all our faces: companies central to A.I. This is the stage where we’re eating Taco Bell in the 1980’s while Mexican food is just starting to get more popular. Imagine not investing in Taco Bell (Pepsi) after seeing more and more restaurants pop up everywhere.
Down the road if someone stays disciplined in investing that way they can easily out-earn somebody who studied Engineering in college but didn’t invest in the long term.
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No. The problem is yall extrapolate standards from different times or places. You obviously can survive NY with less than 6 figures, but surviving is about all you're doing.Going by some of the replies here you would have to be on the Forbes top 400 list to afford to live in New York off of 'just' 200k.
The fact that Americans don't have a 1K emergency fund saved isn't strictly about luxury goods and trips.
You stop it. Applause for being the exception and not the rule. I know some sassafras dìckhead answer is coming so I'll make sure I can't see it.
No.
DaddyFresh
Superstar
House would still be paid off before 40 at that income rate. Then the valuation increase as well. So now your house is increasing your net worth and you have no mortgage. You would be balling if you are not horrible with money.
@AAKing23
www.thecoli.com
Fred.
Luken vs th3birdman round 2: cap season
I told yall i was on my truck and be back today, there was no one at the warehouse except the girl that gave me my cheque.. so i had to unload the traiker myself... I didnt ask the mods to delete any of the threads, would of made me look better. Oh well. Lets play.
www.thecoli.com
Fred.
I'm embarrassed I didn't immediately call DuckTales.@AAKing23
Luken vs th3birdman round 2: cap season
I told yall i was on my truck and be back today, there was no one at the warehouse except the girl that gave me my cheque.. so i had to unload the traiker myself... I didnt ask the mods to delete any of the threads, would of made me look better. Oh well. Lets play.
Fred.
I was single in the city making half that and living great. No car payment or insurance, I never felt so free 
Got a spot with my future wife, split the bills and she was making just as much as me. nikka we thought we were Jay and Beyonce, living so goddamned ignorant
Got a spot with my future wife, split the bills and she was making just as much as me. nikka we thought we were Jay and Beyonce, living so goddamned ignorant
A house at 750k is already above the 2.5x salary rule....by a lot.
Obviously a ton of factors are involved here and it depends on the individual's financial status beyond their salary; however getting a 750k 40 year mortgage doesn't seem smart at that salary
