Health insurance...
In mid-Michigan $120K would have you living lovely. You can get a solid 2600sqft home 4br 3ba for just under $300K. $1600 mortgage payment a month. Meanwhile you bringing home about $7100 a month after taxes. If you can't live on $5500 a month after mortgage payments you doing too much.
Where i live you can get away w 120k as upper middle class.
Where my younger bro lives people w 180k have roommates. And even if they dont they arent upper class.
Also "According to respondents of a 2019 Modern Wealth Survey from Charles Schwab, once you have $2.3 million in personal net worth, you can call yourself wealthy"
The vast majority of 100 to 200k earners dont have pass 100k in net worth and many have a negative net worth.
Low level thinkers (like you) think a yearly salary factors into class. In some class models it might but in most it doesnt
Notice I said MAJOR hospitalization.Health insurance...
Aint no amount of Ruth Chris gonna equate to major health issues that aren't covered by insurance.
Where i live you can get away w 120k as upper middle class.
Where my younger bro lives people w 180k have roommates. And even if they dont they arent upper class.
Also "According to respondents of a 2019 Modern Wealth Survey from Charles Schwab, once you have $2.3 million in personal net worth, you can call yourself wealthy"
The vast majority of 100 to 200k earners dont have pass 100k in net worth and many have a negative net worth.
Low level thinkers (like you) think a yearly salary factors into class. In some class models it might but in most it doesnt
Where i live you can get away w 120k as upper middle class.
Where my younger bro lives people w 180k have roommates. And even if they dont they arent upper class.
Also "According to respondents of a 2019 Modern Wealth Survey from Charles Schwab, once you have $2.3 million in personal net worth, you can call yourself wealthy"
The vast majority of 100 to 200k earners dont have pass 100k in net worth and many have a negative net worth.
Low level thinkers (like you) think a yearly salary factors into class. In some class models it might but in most it doesnt
This girl told me she got a 1500 louie bag
Notice I said MAJOR hospitalization.
Health insurance helps for most things and if the doctor is in your network. I don't give a fukk who you are, if your relative gets cancer and you want to see a top specialist that's outside your network... you might be talking $60k you gotta fork over. (same shyt had Walter White whippin up meth).
I'm not sure why you lumped this in with his response regarding health insurance.
Seemed like mostly people grumbling about their high cost of living. Finances really don't involve wisdom. It's as simple as figuring out what you're comfortable with in terms of lifestyle and not going much further past that even as your income grows. You save and invest the rest.
For what?
I understand your point. I'm not directing anything at you fam. My problem is with nikkas basically having all that money and still managing to live outside of their means.
That money you have saved is losing value everyday its just sitting in your account.
