The game is rigged. 100k is still not enough, and that is crazy.

UberEatsDriver

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Brooklyn keeps on taking it.
Awkward thread. Almost 60% of Americans don’t have $1,000 in their savings or enough to cover an emergency and this OP is bytching over saving 30K a year.

30K a year for 5 years is 150K. You can literally buy a home in the high cost of living cities with a good mortgage amount with that down payment which most people cannot do or have the frugal mindset to do


:what:
 

karim

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I promise you this is not a brag thread but one to open the eyes of people pining for that six figure salary. It truly is not much at all to break 100K. I make well over 100K and it still takes me an incredible long time to amass any type of formidable capital, other than financing it. Which just should not be the case. If the crucial things in life, for example, a house (or any property, condo, etc.) and a car, require the vast majority of people to have the money loaned to them, something is very much wrong. I couldn't imagine doing it on half my salary let alone my current one.

I have it in a spreadsheet and track everything in and out. On a base level, after all expenses I am able to save $2000 a month. That's with maxing out my 401K. I also put $500 a month into the stock market. $2000 a month is $24000 a year. The average cost of a house last year was 280k. The average cost of a car is $40k. Sure you can buy the car used but who is going to buy the new car so that it becomes "used?" You're or someone else is forced to take a loan from a bank that you'll be paying on for YEARS and be plagued by interest.

Mind you, only 10% or so of people make 100K or more in the US. What is everyone else doing? How is everyone else surviving? It just doesn't make sense. I am blessed to be in the position I am so I am able to save what I am able but what about 90% of the rest of society? So maybe someone who is smarter than me can explain to me how this all works. As of 2019 the US median income is fukking 32K. :mindblown:
Huh? Interests are so low these days, that the money is basically handed to you for free if you take out a loan, so even if you were able to buy a house cash you shouldn't do it and instead take out a loan and invest the money you have into something else. I mean yes, house prices are ridiculous and that is a problem, but if you are able to save 24000 dollars a year you're really not among the people affected by it.
 
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Awkward thread. Almost 60% of Americans don’t have $1,000 in their savings or enough to cover an emergency and this OP is bytching over saving 30K a year.

30K a year for 5 years is 150K. You can literally buy a home in the high cost of living cities with a good mortgage amount with that down payment which most people cannot do or have the frugal mindset to do


:what:

This wasn’t a humble brag thread tho. :whoa:
 

Charlie Hustle

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I promise you this is not a brag thread but one to open the eyes of people pining for that six figure salary. It truly is not much at all to break 100K. I make well over 100K and it still takes me an incredible long time to amass any type of formidable capital, other than financing it. Which just should not be the case. If the crucial things in life, for example, a house (or any property, condo, etc.) and a car, require the vast majority of people to have the money loaned to them, something is very much wrong. I couldn't imagine doing it on half my salary let alone my current one.

I have it in a spreadsheet and track everything in and out. On a base level, after all expenses I am able to save $2000 a month. That's with maxing out my 401K. I also put $500 a month into the stock market. $2000 a month is $24000 a year. The average cost of a house last year was 280k. The average cost of a car is $40k. Sure you can buy the car used but who is going to buy the new car so that it becomes "used?" You're or someone else is forced to take a loan from a bank that you'll be paying on for YEARS and be plagued by interest.

Mind you, only 10% or so of people make 100K or more in the US. What is everyone else doing? How is everyone else surviving? It just doesn't make sense. I am blessed to be in the position I am so I am able to save what I am able but what about 90% of the rest of society? So maybe someone who is smarter than me can explain to me how this all works. As of 2019 the US median income is fukking 32K. :mindblown:

What state do you live in? 100k in Cali isn't the same 100k if you're living in Mississippi.
 
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Awkward thread. Almost 60% of Americans don’t have $1,000 in their savings or enough to cover an emergency and this OP is bytching over saving 30K a year.

30K a year for 5 years is 150K. You can literally buy a home in the high cost of living cities with a good mortgage amount with that down payment which most people cannot do or have the frugal mindset to do


:what:

THUS. THE. POINT. OF. THIS. THREAD. ARE. YOU (AND OTHERS PARROTING THIS fukkING POINT). SLOW?
 

BmoreGorilla

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I’ll be making 100k when I get my pay increase in July. I also turn 40 this year. Plus I am a parent and a homeowner. Looking at where I came from I’m pretty damn proud to be where I’m at. Even more when I look at most of my peers. Do I want more money? Of course. But I also count my blessings. I just paid cash on a new HVAC system. About to pay cash on a new roof

Life is good :blessed:
 

JA_Carter

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I’m not sure if this is a humble brag thread or not but I’ll assume you’re coming from a genuine place.

You are in a truly blessed position. The fact that you’re putting $500 a month in stocks (assuming it’s good ones) your money is working for you. Not to mention you’ve saved 24,000 a year. Now if you live in say the south you’re living like a king. 100k doesn’t mean you’ll be able to buy everything cash like rappers/athletes but compared to 90% of regular people you are doing amazing.

Again, assuming you are not humble bragging it does say a lot about the state of America when 100k doesn’t feel amazing, cause 90% of people will never see that
 
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