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Old 08-18-2015, 12:23 AM
 
Location: Tualatin Oregon
616 posts, read 640,896 times
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Quote:
Originally Posted by urbanlife78 View Post
Keep in mind many of those minimum wage jobs are also tip based jobs.
and many arent
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Old 08-18-2015, 12:24 AM
 
Location: Portland, Oregon
46,001 posts, read 34,991,295 times
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Quote:
Originally Posted by 58rhodes View Post
according to the Bureau of Labor --50 grand is restricted income in Portland
And that means one can't live making under $50K? Though I do agree with you, minimum wage does need to go up here by a lot, and we need to see more jobs pushing the $20-26 range, especially the ones that are currently underpaying their employees.


Quote:
Originally Posted by 58rhodes View Post
and many arent
Yes, this is why I said "many" rather than "all."
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Old 08-18-2015, 09:26 AM
 
Location: Portland, OR
8,802 posts, read 8,860,638 times
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Quote:
Originally Posted by urbanlife78 View Post
Yes, but what you consider a minimum and I consider a minimum and what the next person considers a minimum is subjective.
Amounts are subjective, budget line items are not.
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Old 08-18-2015, 10:33 AM
 
Location: Portland, Oregon
46,001 posts, read 34,991,295 times
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Quote:
Originally Posted by VTHokieFan View Post
Amounts are subjective, budget line items are not.
And budget line items also vary.
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Old 08-18-2015, 11:14 AM
 
Location: Portland, OR
8,802 posts, read 8,860,638 times
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Quote:
Originally Posted by urbanlife78 View Post
And budget line items also vary.
Nah they don't. Things like saving for a rainy day fund and retirement aren't subjective. Most will agree if you're in a financial situation where you can't save long-term, then you should get out.
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Old 08-18-2015, 11:34 AM
 
Location: Portland, Oregon
46,001 posts, read 34,991,295 times
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Quote:
Originally Posted by VTHokieFan View Post
Nah they don't. Things like saving for a rainy day fund and retirement aren't subjective. Most will agree if you're in a financial situation where you can't save long-term, then you should get out.
Well someone in their 20s might not be saving for rainy days or retirement. So depending on one's situation depends on what one needs to support themselves, thus subjective. What works for you might not work for the next person.
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Old 08-18-2015, 11:39 AM
 
Location: Portland, OR
8,802 posts, read 8,860,638 times
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Quote:
Originally Posted by urbanlife78 View Post
Well someone in their 20s might not be saving for rainy days or retirement. So depending on one's situation depends on what one needs to support themselves, thus subjective. What works for you might not work for the next person.
There's pretty objective measures for what constitutes healthy personal finances. Saving for the long-term is one of those.
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Old 08-18-2015, 11:46 AM
 
Location: Portland, Oregon
46,001 posts, read 34,991,295 times
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Quote:
Originally Posted by VTHokieFan View Post
There's pretty objective measures for what constitutes healthy personal finances. Saving for the long-term is one of those.
What constitutes as healthy personal finances and what one makes work for them is two different things.
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Old 08-18-2015, 11:52 AM
 
3,928 posts, read 4,879,053 times
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Quote:
Originally Posted by urbanlife78 View Post
Well someone in their 20s might not be saving for rainy days or retirement. So depending on one's situation depends on what one needs to support themselves, thus subjective. What works for you might not work for the next person.
If I were in my 20's now and trying to get a start on life financially and professionally, I would move to an area like Houston, where housing is not going to eat up half of my paycheck and where I could get real work experience. My generation had the privilege of living in SF, NYC, LA, Boston, SD, Seattle and other expensive cities while attending college and "finding ourselves". Now. Forget it. Paying off college loans, high rent, costs of technology that earlier generations didn't have, high costs of advanced degrees, health insurance, and big savings unless you are waiting for a trend fund to kick in... this is your generation's reality.
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Old 08-18-2015, 12:09 PM
 
Location: Syracuse, New York
3,121 posts, read 3,076,371 times
Reputation: 2311
Quote:
Originally Posted by Yankeemama View Post
If I were in my 20's now and trying to get a start on life financially and professionally, I would move to an area like Houston, where housing is not going to eat up half of my paycheck and where I could get real work experience. My generation had the privilege of living in SF, NYC, LA, Boston, SD, Seattle and other expensive cities while attending college and "finding ourselves". Now. Forget it. Paying off college loans, high rent, costs of technology that earlier generations didn't have, high costs of advanced degrees, health insurance, and big savings unless you are waiting for a trend fund to kick in... this is your generation's reality.
The problem with Houston is that it's primarily a wage metro. If you're in a pinch, it's hard to rent out one of your rooms. Pretty much everyone can find cheap housing and there's little allure living in a basement in a far flung suburb as compared to renting out a room in a house in a "cool" city.

Even noted Houston lover Joel Kotkin has noticed a lot of the low cost towns provide little non-wage income opportunities.

There's a reason why airbnnb is much more excited about Portland than Houston.

Last edited by SyraBrian; 08-18-2015 at 12:18 PM..
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