Not rich, but certainly above and beyond comfortable.
The Whiners Who Earn $200,000 and Complain They’re Broke
- Thread starter Responsible Allen Iverson
- Start date
Not rich, but certainly above and beyond comfortable.
ogc163
Superstar
Depends on the lifestyle, upper-middle-class couples with kids who are on some striverism tip would have to make tough trade-offs--given their internal expectations-- at that income point.
You are right about that - two kids Horace Mann and a mortgage in Prospect Heights + student loan repayments and the obligatory lower-end luxury car unnecessarily - you're basically drowning.
ogc163
Superstar
Exactly, and that type of lifestyle or wanting to aspire to that lifestyle is very prevalent in the aforementioned cities. And if you are making 200k and your supervisor's income is 400-600k and getting their kid through Horace Mann seemingly easily, you end up wanting to play catch up. This is sadly much more prevalent than not.
Reality
Make your own luck.
It's relative to where you are in life too.
Being single no kids in LA making $190K things were pretty good. But my managers making like $300K with kids seemed to be stressed. It was bizarre - like how are you making $300K, but living in an apartment and driving a Honda Civic? Or commuting to work an hour a day each way for a job that already asks for 65-70 hours a week from you?
shyt seemed miserable and at no point did I look "up" and say "I want that." Childcare and buying housing in a market like that or SF or NYC can quite quickly change your cashflow situation and quality of life.
I'll make over $200K this year w/ net worth of $140K right now, but I still feel 2-4 years away from being ready to have kids just because of how expensive they are in any place I'd actually want to put down roots as a black person.
Being single no kids in LA making $190K things were pretty good. But my managers making like $300K with kids seemed to be stressed. It was bizarre - like how are you making $300K, but living in an apartment and driving a Honda Civic? Or commuting to work an hour a day each way for a job that already asks for 65-70 hours a week from you?
shyt seemed miserable and at no point did I look "up" and say "I want that." Childcare and buying housing in a market like that or SF or NYC can quite quickly change your cashflow situation and quality of life.
I'll make over $200K this year w/ net worth of $140K right now, but I still feel 2-4 years away from being ready to have kids just because of how expensive they are in any place I'd actually want to put down roots as a black person.
Isn't there like a mass exodus of people out of expensive markets like LA right now? With lots of companies mandating WFH until 2021. Why not just relocate to a cheaper market now and save even more money.
If my company doesn't make a decision on WFH soon. I'll probably quit to work for a company that does.
Reality
Make your own luck.
A lot of smaller companies seem to be slow walking the WFH decision. Being non-committal or only extending WFH 2-3 months at a time. My employer gave notice on WFH plans extending into 2021 2 months after I renewed my lease, otherwise I'd be in Texas or Florida right now.
Two buddies of mine made moves once their companies gave word. One's moved to Houston the other to Miami. Their cash flow is looking insane right now. Buddy in Miami went from paying 2.8K a month for a studio to paying $1800 a month for a high rise in Miami. I was like
when he showed what he got having seen his spot in NYC. He moved with his girl and I'm like 
couldn't be me. He should be bringing home like $100K a year in cash after regular expenses and taxes. Our mutual friend in Tech is temporarily renting in Houston and looking at a huge place out there for $1500 vs. the $4K he was paying with his girl in SF for a 1BR.
I'm kind of
about it but I'm just looking at real estate in other markets to take advantage of it now. All I can do 
.My company is huge but still only dropping hints about WFH. Because they really don't want to do it. But there gonna start losing people to competitors. Because it makes no sense to still be trying to force people back into the office.A lot of smaller companies seem to be slow walking the WFH decision. Being non-committal or only extending WFH 2-3 months at a time. My employer gave notice on WFH plans extending into 2021 2 months after I renewed my lease, otherwise I'd be in Texas or Florida right now.
Two buddies of mine made moves once their companies gave word. One's moved to Houston the other to Miami. Their cash flow is looking insane right now. Buddy in Miami went from paying 2.8K a month for a studio to paying $1800 a month for a high rise in Miami. I was like
Our mutual friend in Tech is temporarily renting in Houston and looking at a huge place out there for $1500 vs. the $4K he was paying with his girl in SF for a 1BR.
I'm kind of