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

[The Realist Perspective]

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 my salary let alone half.

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.

 

[BaldingSoHard]

Max out your 401(k) and save $24,000 a year and still claim it's not enough, brehs.

 

[The Realist Perspective]

Max out your 401(k) and save $24,000 a year and still claim it's not enough, brehs.

Did you read my post or is your only intent is to try to be funny?

 

[BaldingSoHard]

Did you read my post or is your only intent is to try to be funny?

How would I know you max out your 401(k) and save 24k a year if I hadn't read your post?
And what did I say that was funny?

 

[Action Mike]

If you grew up without a lot of the time, you've seen money get stretched

By your numbers you have a lot of capital, your issue is expecting it to go further than you thought

 

[HARLEM AL]

Yeah man shyt is absurd Playa. No idea how people make it!

 

[Rozay Oro]

Shut the fukk up

 

[charknicks]

Fam, I dont get this thread at all, OP. You are saying that you save as much as the MEDIAN INCOME in the United States ($30-32k/year) and made a thread to complain that this is still not enough.

What is your end goal? What are you really trying to ask/get answered? This isnt gonna end well for you.

 

[MoveForward]

In what world is saving 2k/month not enough? I put up a stack and people are always like when I tell them that.

 

[Gold]

You thought earning 100k would allow you to buy your house in cash?

Breh my wife and I make 3x that and we sitll have a mortgage.

It sounds like you had some fukked up expectations of how your money was gonna work



Now, i agree that it would be nice if homes costs less. Because in other countries, the same size homes... same materials.. etc cost a fraction of what they cost in the US.

I'll give you that... but to act surprised by it...

 

[TM101]

Real wealth takes generations to build. All you can do is save money and provide a platform for your children so they can make moves.

 

[dangerranger]

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.

Sometimes it’s hard to explain to people on here what you’re talking about especially if they don’t live it. I’m in the same boat and when you have certain goals and aspirations you realize that what you are currently making isn’t going to get you to where you want to be. You have to take into account that making 100k was like a huge deal in the 90s. Then you take into account inflation and a lot more people making six figures nowadays, the impact of 100k is way less.

 

[Trajan]

How is everyone else surviving?

What you described is not surviving


You're able to comfortably meet all your needs, save for retirement, have good cash savings AND invest towards financial freedom




The ppl on 32k are surviving

 

[ORDER_66]

What are you buying?!? can you streamline this shyt?!?

 

[Black Bolt]

You save/invest 30k a year, you’re not surviving you’re thriving.

This is a weird thread