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Off-topic TalkWhere overpaid, underworked S2000 owners waste the worst part of their days before the drive home. This forum is for general chit chat and discussions not covered by the other off-topic forums.
60k vs 100k is a huge difference IMO. that is an additional 66% income (40/60)...although not quite that much after taxes (higher tax bracket, etc..).
anyway... i think it depends on the person. some people piss through $ like water making $60k a year and would do so in a more extreme way making $100k.... others will live below their means making either $60k or $100k.
Like above, i guess nicer cars, maybe different house (although I have now been in my same house over 10 years with significant increases in income... my kids love this neighborhood)....
It's not how much money you make, it's what you do with the money you have. If you get a big pay increase, pretend you are living close to your original salary and bank the rest. There is no guarantee how long the van will keep delivering the bread.
Originally Posted by Chris Stack,May 23 2008, 11:18 PM
Why not? Single guy, renting an apartment, no kids, no debt, has a few bucks in the bank...what else is he spending his cash on?
But yeah, if you have 3 kids, a wife, and a mortgage, you can't be buying any Porsches on $100k.
I agree. I took a larger hit reselling my first S2000 I bought new and sold after a year of ownership than keeping my 997 for a year. Porsche resale value can really own.
Originally Posted by mingster,May 23 2008, 05:28 PM
hmm...
- i'd put 15K in a 401K/403b or something similar (if available)...85K left
- i'd put 5K in an IRA (or Roth)...80K left
- i'd sock away 1K/month for emergency reserve cash until i have at least 6 months of take home salary...68K left
- i'd put away another $500 into a regular investment account...62K left
so, i'll be able to spend $2k more on clothes/food in a span of 1 year but feel very secure about my finances. after about 3 years i can stop socking away the $1K/month and do something else with it, like save up to buy a house or something.
omg u are so asian. getting rich the ol cantonese way... money comes in and never goes out. lol reminds me of my uncle.
Pretty much no difference except that you will will accumulate money in savings, you can afford higher priced items (which affects your savings), and you will still feel about the same.
Originally Posted by 00S2K01S4,May 27 2008, 03:07 PM
Pretty much no difference except that you will will accumulate money in savings, you can afford higher priced items (which affects your savings), and you will still feel about the same.
i think id feel a little better earning 100k a year. why you ask? simple really, i googled it out and thru out the sites that i have found i saw that money is 60% to 90% the cause of stress.
i respect your research^, but i think you miss the point. money can alleviate stress when you have no money, but it has a diminishing return after a certain point.
