/biz/ - Business & Finance

[Anonymous No.54770573]

>250k is not a lot of money

[Anonymous No.54770589]

>>54770573
not for white people no.

[Anonymous No.54770592]

It is a lot of money, the thing is people making $250k dont have $250k, they cant set much or anything aside, its useless

[Anonymous No.54770622]

>>54770573
Damn I wonder why

[Anonymous No.54771011]

Niggers making 250k are things like doctors in major cities, so they're paying down 300k in medical school debt while also paying 60,000 a year in rent in the non-shit parts of new york city. They're paycheck to paycheck and making 250k because the area they live in is a weird kind of awful where the high salaries are offset by the cost of living.

[Anonymous No.54771028]

>>54770573
I think the authors of that article don't understand what "paycheck-to-paycheck" means.

[Anonymous No.54771103]

>>54770573
If that’s not hyperinflation I don’t know what is

[Anonymous No.54771127]

>>54771103
It's retardflation
If you can't manage a budget on 250k a year you belong in a government barrack

[Anonymous No.54771151]

>>54770573
Makes sense, you can be retarded and still be a doctor making $250k that lives in an urban shithole.

[Anonymous No.54771191]

>>54770622
What drives a sentient being to this point? Inb4 >sentient

[Anonymous No.54771211]

>>54771191
npcs are not sentient

[Anonymous No.54771323]

>in phd program
>stipend pays me $17k/year for the past 5 years
>no pay increases
>noncompetitive clause in my contract will get me kicked out if i get a second job
>recently found out i make less than all of my peers because they get cost of living increases to their pay
>PI, who takes home 6 figures, often complains to me how she lives paycheck to paycheck
>at this point i need to finish, can’t leave
>pic related: my off-brand alphabet soup blackpilling me

[Anonymous No.54771344]

I have 216k cash and 50k crypto. I'm 36. Am I doing alright?

[Anonymous No.54771365]

>>54770573
It’s almost like they live in high COL cities and have to play the keeping up with the joneses game to keep their jobs

[Anonymous No.54771384]

>>54771344
why so cash heavy?

[Anonymous No.54771385]

>>54771344
You should have had that much at 25

[Anonymous No.54771411]

>>54771344
Ironically, it’s over.

Unironically, you’re doing fine.

[Anonymous No.54771414]

>>54771384
im scared to risk with it because its my life savings. its currently in fidelity earning 4.xx%
>>54771385
i know but im retarded

[Anonymous No.54771516]

>>54771411
My peers all have families and nice careers while I'm single and live at home. I should be well in the 7 figure range. I am also severely depressed

[Anonymous No.54771520]

>>54771414
>its currently in fidelity earning 4.xx%
With inflation at 8.5%, that means it's only losing 4.xx%.
>im scared to risk with it because its my life savings
I get the sentiment, definitely feels like there could be a massive collapse in the market over the next few years or massive hyperinflation or we keep moving up as usual.

To prevent wealth from losing value, it's less risky IMO to better to have some of everything, global markets, stocks, bonds, crypto, metals, cash. That way even if 1 thing implodes it will likely drive value into other things you hold, the money has to go somewhere.
That said I don't practice what I preach, I'm something like 40% US index funds, 5% cash, 5% metals, 50% crypto.

[Anonymous No.54771825]

Because the art of budgeting seems to be dead

[Anonymous No.54771875]

>>54770573
It's because you dudes don't know how to manage money for shit. If you lower your standard of living or you're smart about the way you spend your money you're fine with 30k a year

[Anonymous No.54771968]

>>54771520
isnt inflation like ~6%?

[Anonymous No.54772004]

>>54771516
Ok well you left that part out. Your savings are fine but the rest of your life needs help.

[Anonymous No.54772051]

>>54772004
i am thinking of sudokuing myself

[Anonymous No.54772112]

>>54770573
As someone struggling to get by on 1/5 of that, I'm not at all sympathetic.

[Anonymous No.54772162]

>>54771344
go all in in BTC easy x3 by the end of the year
why the fuck you miss the bottom?

[Anonymous No.54772315]

>>54770573
I'm sure there's plenty of expenses that are redundant and pure vanity

[Anonymous No.54772422]

>>54770573
If you make a high salary you get raped by taxes and hcol. 250k is only like 150k after taxes, then rent or mortgage eats up 60-70k a year if you live in an area where 250k jobs exist. Also most people making 250k+ are older and have kids so they have high childcare costs and need to save for college. I make a bit over 250k as a single person and it’s pretty sweet but I live the young bachelors lifestyle, I could definitely see a family of 4-5 being strained on 250k in my area (DC)

[Anonymous No.54772423]

>>54772051
Why not just use a fraction of your savings to move to Thailand or some other cheap location with lots of expats and start fresh instead? It sounds like you have nothing left to lose if you’re literally thinking about roping. Even airfare/visa costs, you still will have tons of cash left over to be comfy as you figure out what to do in Chang Mai of wherever.

[Anonymous No.54772487]

>>54772422
Most of /biz/ are early-mid 20’s incels living with mommy, some shithole shared living situation renting a tiny room, live in a 3rd world country, or live in bumfuck small town America where the only job is Walmart. Of course they can’t envision that some people actually have families and kids and live in normal houses in decent areas of the US.

[Anonymous No.54772531]

>>54772487
Not our fault those faggots chose to be nigger cattle breeders in this economy you reap what you sow

[Anonymous No.54772560]

>>54772531
You forgot your frog .jpg

[Anonymous No.54772566]

Because people have no idea how to handle their finances and will operate at their maximum capacity at all times. If somebody makes x amount per year, odds are they'll live in the house, drive the car, and eat the food that brings them to about x per year. With nothing to spare. When people start making more, they just start spending more.

[Anonymous No.54772599]

>>54771344
It’s about assets, not liquidity

[Anonymous No.54773829]

>>54772599
what like a house?

[Anonymous No.54774753]

>>54772422
>250k is only like 150k after taxes, then rent or mortgage eats up 60-70k a year

This. My household income is ~250k .Our COL is ~70k. Which isn't bad but we pay 2k for rent in a not great area(gun shots and basketball americans). We have no car payments both cars are ~10yrs old. Add 2 car payments and a better house around people that know how to swim. Thats a 110k-120k COL, increase by 55%. I have maybe 30k left over a year. Still need to save and invest. I dont get an IRA because I make to much. If I make money in stock market I have to get taxed. This isn't terrible income I hate taxes but this isn't rich or a ton of money. It's helpful, feel like I can plan, save and (eventually) have some nice things.

[Anonymous No.54774920]

1/3rd of Americans is definitely retarded, but its surprising that this statistic still holds at those high incomes. I guess they do really give out 200k+ salaries to anyone nowadays

[Anonymous No.54774988]

>>54770573
they are living in SF, NY or Chicago

[Anonymous No.54775285]

>>54771825
>Rent
Ok fine, shits expensive no matter what in the city
>Pet
No
>Nails/Massage
No
>Eating out
No
>Coffee
No
>Tesla
Get a better car for less than half that payment
>Uber
No
>WeWork
What the fuck is this?
>Citibike
Its $20 so whatever
>Groceries
Good, just forward whatever is spent eating out to here
>Dentist
Who the fuck spends $300 a month at the dentist?

Getting rid of all of the extra nonsense and immediately a third of her month budget is saved. Could probably go even further from moving out of an apartment worth 2 mortgage payments and into one that is half the cost(but still shitty for city standards)

[Anonymous No.54775312]

>>54771825
one month of this dudes rent is six months of mine

[Anonymous No.54775327]

>>54775285
The spending on nails/teeth/etc is actually mandatory. Do you think she got that job because she's competent or pretty?

[Anonymous No.54775348]

>>54770573
How do they spend so much money when I am on neetbux and yet I somehow manage to save a little bit every month?

[Anonymous No.54775359]

>>54770573
99% of people have poor money saving habits and shitty spending habits who would have thought

[Anonymous No.54775365]

>>54771344
>I have 216k cash
Even more retarded than 50k in crypto.

[Anonymous No.54775423]

>>54771825
why would you spend 300 bucks on a dentist EACH MONTH? this is fucking retarded !!

[Anonymous No.54775456]

>>54772487
this reads like some stockholm syndrome shit. go back to your wagecage and pay for your wifes monthly dentist appointment at eleven (300 $).

[Anonymous No.54775476]

>>54770573
That's a bold-faced fucking lie

Unless you're in crippling debt or have a 10M mortgage, you're comfy as FUCK with 250k/yr

Check em faggots

[Anonymous No.54775511]

>>54775365
What's ur problem? I'm earning 4 percent on it

[Anonymous No.54775590]

>>54770573
1/3rd of people making $250k are probably young doctors paying off debt and living in "luxury" condos because they don't want to look poor

[Anonymous No.54775652]

>>54770573
I make less than that, have several children, live in a large west coast city, and still put back about $5k per month. These people are insane and wasteful.

[Anonymous No.54775675]

>>54771520
>That way even if 1 thing implodes it will likely drive value into other things you hold, the money has to go somewhere.
dude, this isn't how it works. if something implodes the money isn't driven somewhere, it's just gone

[Anonymous No.54776003]

>>54773829
bruh...

[Anonymous No.54776319]

>>54770622
Damn, 250 minimum. Thats insane. I thought people were done the cable channel fuckery but it seems some people just can't escape that mindset.

[Anonymous No.54776337]

>>54771344
Hope that money is in a money market account or something so that you aren't literally losing money to inflation. My credit union has some amazing savings accounts for high savers.

[Anonymous No.54776437]

>>54771028
You'd be
>>54771127
>It's retardflation
>If you can't manage a budget on 250k a year you belong in a government barrack
Nah, that doesn't go very far.
After tax it's probably 175k. So that's 14.5k a month. Mortgage on anything decent is going to be 4k minimum, so down to 10k, car payment on something your boss would respect you for driving (higher end 4runner) probably going to be 800, with insurance probably up to an even thousand so now we're down to 9k. Gotta pay for electricity, garbage, property tax, gas, etc to keep the property that's another 1k, down to 8k. Gotta pay off the student loans too though so take another 1k. Food is expensive as shit now, that's another 1k down to 6k. You're probably also setting aside money from 401k and for healthcare too so that's another 1.5k down to 4.5k. Fun money think trips to the bar, ubereats, GTX 4090 for gaming, golf clubs, going to top golf, etc that could easily wind up blowing past the 4.5k youve had left over and now you might even be losing money. This also assumes you had no existing debt to pay aside from the home and car too. 250k is honestly a nightmare, too poor to have real fun but too rich to have people cry with you at the bar.

[Anonymous No.54776493]

4k property taxes
16k margin interest for my house
3k food
1k utilities

[Anonymous No.54776611]

>>54771323
Phds only take 3 years to finish. Maybe 4 in America

[Anonymous No.54776946]

>>54771825
>Rent
Now show what it would be if she wasn't a young huwite female

[Anonymous No.54777278]

>>54776611
PhDs are 4 years, AFTER general ED, full time. It can take someone a decade to finish if they have a job plus family to care for. Only Europeans have the luxury of being able to focus on schooling because they have free or low cost college, free health care, and walking distance from their campus. $6 gas and an hour and a half roundtrip to college each day will eat you alive, especially if you work at the same time.

[Anonymous No.54777320]

>>54770573
It’s literally enough money to support a family in a city and take a vacation every month. Don’t be a fag.

[Anonymous No.54777518]

>>54777320
Maybe if the city is Cleveland.

[Anonymous No.54777619]

>>54776437
>something your boss would respect

Okay cuckold

[Anonymous No.54777995]

>>54776437
>bro just spend $50k/year on uber eats and graphics cards

[Anonymous No.54778063]

>>54777995
But don't you see how much FUN he's having chud. You're just angry you're poor and can't afford these things.

[Anonymous No.54778065]

>>54771825
>NYC
>owning a car
Bet she drives it lie five times a month if that.

[Anonymous No.54778100]

>>54776437
>also setting aside money from 401k
If you're saving for retirement you immediately don't qualify for "living paycheck to paycheck". I don't care how much you earn or spend.

[Anonymous No.54778113]

>>54775285
Also part of her rent is probably a parking spot. $600 a month minimum. With EV charging its probably more.

[Anonymous No.54778134]

I have a spreadsheet that tracks my net worth, monthly expenses etc, is that overkill?

[Anonymous No.54778189]

>>54778100
>If you're saving for retirement you immediately don't qualify for "living paycheck to paycheck". I don't care how much you earn or spend.
Can't touch the money without penalty by 65, still paycheck to paycheck. You are wrong. If you want to own a home, a car you wouldn't ashamed to take clients in, and have some fun every now and then while not being paycheck to paycheck you've gotta clear 250k POST TAX. 250k pre tax sounds like a lot but that belt gets cinched up real tight after uncle sam starts fucking you.

[Anonymous No.54778248]

>>54770573
we all know it's 2 car payments a month and a hefty mortgage that does this

[Anonymous No.54778285]

>>54771825
Let me guess. She's a "consultant."

[Anonymous No.54778293]

>>54778189
>If you want to own a home, a car you wouldn't ashamed to take clients in, and have some fun every now and then
You are just making excuses for your wasteful spending habits. All these things, including making retirement contributions, simply do not exist if you truly live paycheck to paycheck. Instead, you're looking at how many eggs you can buy while still having money left over for toilet paper.

[Anonymous No.54778318]

>>54778189
Why are you spending $1000 on new golf clubs and new graphics cards every week? Do you just buy them and throw them out? If you were making $500k/year you would suddenly be adding a boat and maintenance costs for that too. Kek

[Anonymous No.54778321]

>>54775423
Are they getting invisalign or something else to fix teeth that are fucked up?

[Anonymous No.54778326]

>>54778134
What, no, it's what every sensible person does.

[Anonymous No.54778336]

>>54778318
If I could score better clients with a nice boat (not a yacht or anything but certainly not a dingy) then it could be worth living paycheck-to-paycheck on a 500k take home, you might be right.

[Anonymous No.54778444]

>150k after taxes
>likely living somewhere like NYC/LA where mortgage/rent is another 40k a year
>property tax/HOA another 20k
>6k for home/auto/life insurance
>city parking for 2, another 6k
>5-20k a year in car payments
>5-20k a year in student loan payments

20-50k a year net pay left to feed, clothe, and raise 2.3 children. God help you if you want to send your kid to private school

[Anonymous No.54778465]

>>54778336
>Making $3m/year
>Living paycheck to paycheck due to the cost of using paper money as a sole source of stoking his wood burning stove

[Anonymous No.54778679]

A lot of modern couples making that amount also have huge student loans behind them, on-top of the usual lifestyle creep/poor spending habits. People will really just Klarna their way through life for comfort. Not that I entirely blame them. You will do everything you were told and come out net negative and have to claw your way up. The dissonance between growing up and watching people who earned less have more while you earn more and honestly can't even afford as much as those people had 20 years ago.

[Anonymous No.54778705]

>>54770573
I spend too much on LINK lol

[Anonymous No.54778761]

>>54771344
with that much cash I'd put like 10k in physical gold/silver. Just in case you wake up one day and USD has lost all it's value.

Once you buy it just don't even look at it again. punch a hole in your wall and plaster over it and forget that it's there until you sell your house or the day comes when you need it.

[Anonymous No.54778809]

>>54770573
Half of them can't stop eating despite the huge downsides.
Not surprised.

[Anonymous No.54778815]

>>54775285
the pet is probably the only thing on that list that's worth the cost. almost everything else can be cut or eliminated

[Anonymous No.54778847]

>>54778815
>m-muh dog is LEASH REACTIVE
>h-he has ANXIETY
>It wasn't a BITE more like a NIP...It only happens once a week!
>I spent $3k on a training camp and he's so much better!
>Ugh he bite my neighbor!! I'll call the trainer again
>Why can't I walk him off leash???
>He's super affectionate, he's just shy!
>Oh he doesn't like dogs smaller than him on Tuesdays
>No, he's SO sweet with me! It's his DOG ANXIETY.
>Oh he's jumping on you? Haha "Off!" "Off!" haha oh, he's so excited around new people haha

[Anonymous No.54778923]

Its a combo of things; poor money management, high cost of living, "life events" tossing a wrench into things. Add it all up and yeah I can see where even 250k is barely enough. Consider the living part; back in the 1980's depending on location a decent house could be had for under 100k. A decent car would cost maybe 20k for the top end model (new). Fast forward to now. A F-150 costs what a damn house would be in the 80s.

[Anonymous No.54778945]

>>54770573

>make $250k a year
>40% of it you never see and goes directly to glowniggers and niggerniggers
>some trite Dave Ramsey boomerism.wav

captcha: NGGYJX

[Anonymous No.54778977]

>>54778945
it do be like that, we know exactly how bad things are but all you can do is claim deductions and tell them to fuck off :/

[Anonymous No.54779158]

Dude finally makes it. He's pulling down his fat salary. The problem?; Taxes takes a bite. Other deductions take a bite, His college loan payments sucks a pile, His house and auto payments sucks an even bigger one. Next comes the credit card bill, oh boy. We haven't even gotten to the everyday ho hum shit yet either.. (you know utility bills and such). But with all that he's making it work. Till one day his Wife smacks down the divorce papers. Uh yeah. Half the shit he's worked his life for just got taken. A good part of his left over salary just got taken away to. (cause you know hey gotta send the ex a check each month now). Next comes the lawyers and court fees. Cause you don't expect them to fuck up your life for free now do you?. Enjoy modern life folks. Cause what I just wrote is very very true for some people.

[Anonymous No.54779222]

>>54778465
It sounds like you're just not cut out for the paycheck-to-paycheck hustle grindset. Build up a safety fund or whatever it is you find "fun".

[Anonymous No.54779545]

>>54770622

[Anonymous No.54779558]

>>54771520

inflation isn't that high. he's also only losing a tiny fraction vs. all of the many wonderful ways he could lose huge chunks.

might want to look at bonds, however.

[Anonymous No.54779597]

>>54779158

wifey aint gonna get a dime.
i got an helal mommy who i pay my money to and everything is on her name.