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Old 11-29-2019, 06:55 AM
Status: "Impeach Biden." (set 19 days ago)
 
Location: Pennsylvania
22,135 posts, read 7,845,899 times
Reputation: 18049

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Quote:
Originally Posted by Thatsright19 View Post
I mean it’s true. I never heard the term Henry, but my wife and I would qualify as that. We make 150k, but we’re not rich. We don’t go on big vacations. Once you hit 401k matches, pay student loans, and pay bills (cough taxes, insurance), there’s not money to be frivolous with.

I know every statistic would say we're top 10 percent in income for our age, but it doesn’t feel rich at all. We will be, but not today.

But it’s nice to be able to click on this person’s story to give them revenue to fund their woes.
If you are making $150,000 per year - you are rich by any definition of the word rich. You should be thankful for everything you have compared to most of the people on this planet. If you borrowed too much money for student loans and/or for your house and/or for your car -- I have no sympathy.
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Old 11-29-2019, 07:24 AM
 
23,001 posts, read 17,056,045 times
Reputation: 18052
Quote:
Originally Posted by ChessieMom View Post
Perhaps you missed the third person.

“I feel like I’m living paycheck to paycheck, and have been for forever,” says a 30-year-old graphic designer, who wished to stay anonymous to protect her job. Granted, the Bushwick resident, who makes just over six figures, has more than a few creature comforts: an $80 ClassPass monthly membership, a weakness for acrylic nails, an Uber and Seamless habit and a groomer for her orange Siberian cat. Still, she notes, “I don’t live in a fancy high-rise, I don’t take vacations, I don’t shop at Bloomingdales — I shop at freaking Forever21. But somehow, here I am.”
That’s the second person covered in the article no?
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Old 11-29-2019, 07:25 AM
 
23,001 posts, read 17,056,045 times
Reputation: 18052
Quote:
Originally Posted by BeerGeek40 View Post
If you are making $150,000 per year - you are rich by any definition of the word rich. You should be thankful for everything you have compared to most of the people on this planet. If you borrowed too much money for student loans and/or for your house and/or for your car -- I have no sympathy.
Income does not equal rich at all. If could make 1mm a year and spend 2mm on crap and be broke as hell
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Old 11-29-2019, 07:30 AM
Status: "Impeach Biden." (set 19 days ago)
 
Location: Pennsylvania
22,135 posts, read 7,845,899 times
Reputation: 18049
Quote:
Originally Posted by Lowexpectations View Post
Income does not equal rich at all. If could make 1mm a year and spend 2mm on crap and be broke as hell
Agree and disagree. Might make boneheaded financial moves - like Ken Lay at Enron. Dude was a multi millionaire and when Enron went belly up he was having trouble paying his bills. But he was still rich.
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Old 11-29-2019, 07:39 AM
 
23,001 posts, read 17,056,045 times
Reputation: 18052
Quote:
Originally Posted by BeerGeek40 View Post
Agree and disagree. Might make boneheaded financial moves - like Ken Lay at Enron. Dude was a multi millionaire and when Enron went belly up he was having trouble paying his bills. But he was still rich.
If one was a multimillionaire then by that label the have millions in assets on hand. That’s not the example I put out. Having X income doesn’t make you rich /story
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Old 11-29-2019, 09:08 AM
 
9,961 posts, read 3,579,380 times
Reputation: 17528
Quote:
Originally Posted by BeerGeek40 View Post
If you are making $150,000 per year - you are rich by any definition of the word rich. You should be thankful for everything you have compared to most of the people on this planet. If you borrowed too much money for student loans and/or for your house and/or for your car -- I have no sympathy.
I disagree. $150K is not rich.

On $150K gross -- heck, make it $150K NET, you cannot buy one of these:

http://postimg.cc/XZLPmVpM

or one of these:

https://cdn.homedsgn.com/wp-content/...0-1150x647.jpg

You can't even afford the property taxes on this:

http://postimg.cc/XBfd1vYd

You're not the target market for one of these:

https://i.postimg.cc/gJj3ZzHf/screenshot-633.png

This is out of your reach:

https://upload.wikimedia.org/wikiped...3979888%29.jpg

This isn't parked in your garage:

http://luxurycarphotos.tripod.com/48...lverwraith.jpg

Neither is this:

http://luxurycarphotos.tripod.com/02rollscorniche.jpg

Your chauffeur doesn't pick you up in this:

http://luxurycarphotos.tripod.com/55...hjmulliner.jpg

This isn't on your wrist:

http://postimg.cc/qNbbx1Y0

Neither is this:

https://mediastorage.richemont.com/d...66/1466751.png

These are not on your feet:
http://moneyinc.com/wp-content/uploa...ni_1025545.jpg

This isn't in your collection:
https://cdn.wealthygorilla.com/wp-co...n-Pollock.webp

You were not bidding for this:

https://i.postimg.cc/FswfPbgC/screenshot-636.png

You can't even afford the berthing fees for one of these:

https://www.superyachtsmonaco.com/sa...ect-galileo-80

No, $150K isn't rich.
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Old 11-29-2019, 09:14 AM
 
32,529 posts, read 38,730,897 times
Reputation: 45264
Quote:
Originally Posted by Lowexpectations View Post
That’s the second person covered in the article no?
There are three covered. Two are named. One, whom I quoted, "wished to stay anonymous".
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Old 11-29-2019, 09:24 AM
 
32,529 posts, read 38,730,897 times
Reputation: 45264
Quote:
Originally Posted by BeerGeek40 View Post
If you are making $150,000 per year - you are rich by any definition of the word rich. You should be thankful for everything you have compared to most of the people on this planet. If you borrowed too much money for student loans and/or for your house and/or for your car -- I have no sympathy.
No way. My brother made nearly 250k a year, but I would never consider him "rich". No one that knew him would have, either. He was certainly comfortable, and made enough to be able to plan for a decent retirement in a mountain home. I think there is a long way between "comfortable" and "rich". Obviously it depends on your own experience, but one should not make such a blanket statement without qualifying it with other criteria - the most important being LOCATION.

Last edited by ChessieMom; 11-29-2019 at 09:53 AM..
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Old 11-29-2019, 09:31 AM
 
23,001 posts, read 17,056,045 times
Reputation: 18052
Quote:
Originally Posted by ChessieMom View Post
There are three covered. Two are named. One, whom I quoted, "wished to stay anonymous".
And yet only one mentions a cat groomer and somehow you hung up and that and added as evidence of whining?
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Old 11-29-2019, 09:35 AM
 
32,529 posts, read 38,730,897 times
Reputation: 45264
Quote:
Originally Posted by Lowexpectations View Post
And yet only one mentions a cat groomer and somehow you hung up and that and added as evidence of whining?
She was complaining about living "paycheck to paycheck", yet she has a HOST of silly extravagant expenditures. In my view, yep that is whining. If it isn't to you, fine. I really don't care.

Oy vey.
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