This is a sample guest message. Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!
100k isn’t getting you far in a big city, probably looking at 3K/month rent.
I think that's true only for the most expensive cities, like NYC, SF and LA. Everywhere else $2-3K is enough. And as a single dude, I could live comfortably on the remainder, regardless.
www.cbsnews.com
Any answers to this go straight to recent political decisions made, so I don't think this discussion will fly here.
Funny thing is that it's so liberating to not be chasing status.
This hasn't really happened with us. As we've made more our responsibilities have increased and free time decreased. My wife's inked for a 10% raise this year and while my number isn't on the table until July I'm expecting the same ball park (maybe more). The impact it will have on our spending? Fix the bathroom and save more for the kids education. I don't have any desire to allocate more to expenses and even the list of assets is limited. Fixing existing ones? Yes, but acquire new ones? Well...then I have to take care of that too. My wife's got a couple K to play around with to see broadway shows and the same for me to golf. We also added an annual vacation post covid. Cars are the same (base model caravan and corolla) and when we get a surplus we'll take the kids to a sporting event or concert. I suppose when the kids get older then the wife and I will have more free time and our desire to spend will increase, but that seems like an eternity from now.
Disagree. I found it pretty easy to identify my financial comfort zone. Once achieved, I focused on cutting work hours. Most every significant raise I’ve received since then has been followed by a reduction in my FTE, such that I earn about the same, working less.
My son is looking for a house. just a normal house in like the mesa AZ area. everything around 350K is a ****hole. housing is nuts right now
We all know that answer grrr
FOr us (late 40s) as we have made more, weve kept same house and same normal cars. but have increased our investments. hope to retired soon.
Done basically the same thing. I want 100k on the fewest number of hours possible. By working nights on Fri and Sat ( night and weekend diff) I can do it on 28 hours, one 16 and one 12 hour shift per week. No interest in doing more.
UGGG, what a crap situation for a young man.
Yeah, I think home ownership is highly overrated.
That sounds doable, though not a fan of the long shift. I do seven 10’s a month.
Gov't will decide what happens with education. On one hand covid delayed the reset, but now that we are on the other side and the market changed acceleration appears the new reality.
I think you are right that some are wired "nothing is ever enough" but that has not been my experience. I hope is is more atypical than typical.
7% interest is tough for sure. Home ownership in general is great - with the right circumstances.
Except the problem that is showing off right now is that a lot of people WERE at a spending level they were comfortable with and now the last three years that same spending level is 30% higher just for the same basic necessities.
I dont think its a end all be all.
As an investment, real estate is good. I’m talking more about the prospects of owning/maintaining a property.
