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Forum » Tours Over misc. $100k salary = broke
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Thread: Tours Over misc. $100k salary = broke

post 1628119033 01-10-2021, 09:43 AM
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Tours Over misc. $100k salary = broke

I don't fully agree with the guy, but $100k definitely isn't what most people make it out to be. $200k is the new $100k





For those who don't feel like watching the video, here's how he broke it down


post 1628119203 01-10-2021, 09:45 AM
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Just eat beans and rice so you save money

When you get tired of that eat rice and beans
post 1628119893 01-10-2021, 09:53 AM
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Retirement contributions and savings are not expenses, yet he proves you still have money for vacation and left over cash flow. Averages are skewed by people doing dumb **** like having $530 car payment, $390 student loan payments, $150 for wifi. Costs of living vary wildly by location.

Yes, costs are increasing, but this type of alarmist **** like saying 100k = broke is dumb AF.
post 1628119933 01-10-2021, 09:54 AM
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Im in a trade where 90-110k is very common, and my co-workers are mostly all broke.
post 1628120163 01-10-2021, 09:56 AM
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Originally Posted By frezko⏩
lol'd at some of these payments

negged ****git op
oh no whatever shall i do??? Please don't neg me Mr. Tough Guy. I'm not the messenger LMAO
post 1628120513 01-10-2021, 10:00 AM
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Originally Posted By GNCPOV⏩
Retirement contributions and savings are not expenses, yet he proves you still have money for vacation and left over cash flow. Averages are skewed by people doing dumb **** like having $530 car payment, $390 student loan payments, $150 for wifi. Costs of living vary wildly by location.

Yes, costs are increasing, but this type of alarmist **** like saying 100k = broke is dumb AF.
Retirement and savings should be expenses. Are you saying we should just gonna ignore those and think life will be great later on? Every responsible person will take out their checks for those 2 variables. Now if we're talking investments then yeah, not necessary. But retirement and savings are necessary, otherwise you're working the rest of your life
post 1628120553 01-10-2021, 10:01 AM
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Originally Posted By GNCPOV⏩
Retirement contributions and savings are not expenses, yet he proves you still have money for vacation and left over cash flow. Averages are skewed by people doing dumb **** like having $530 car payment, $390 student loan payments, $150 for wifi. Costs of living vary wildly by location.

Yes, costs are increasing, but this type of alarmist **** like saying 100k = broke is dumb AF.
Yeah this. My car payment is 0. Student loan payment 0. Date night isn't 100 4x a month. My internet costs $80 and my insurance premium is $19. Retirement contribution is much higher than the OPs budget though.

It's almost like they purposefully try to make a budget for the least financially responsible person and then say anyone who makes X is broke. lmao
post 1628120563 01-10-2021, 10:01 AM
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Get a roommate

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post 1628120613 01-10-2021, 10:02 AM
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Originally Posted By bov188⏩
$530/mo car payment and a $3000 vacation every year. Deserves to be broke
$3k isn't much. That's two 2 week vacations, about $1500 for an entire family. You aren't traveling overseas to something fancy

How much do you spend on vacation with your family?
post 1628120903 01-10-2021, 10:05 AM
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Those are retarded spending habits brah.
post 1628121163 01-10-2021, 10:09 AM
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Doing all that and saving $800/month while still having $740/month left over ain’t broke IMO

Things like car payments and student loans are much more temporary as well. Pay those off, don’t take on more debt, and free up another $920/month in this example
post 1628121173 01-10-2021, 10:09 AM
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Wait he's saying he's broke when after all that retarded budget he listed he still had an extra 740/month in budgeting?

Brb 9,000/year unaccounted for even with his super irresponsible spending assumptions.
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post 1628121213 01-10-2021, 10:09 AM
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Originally Posted By RBMK⏩
Needs to get a grip of his spending - $530 car, $150 internet, $150 phone wtf. Plus just lol at treating savings, retirement, vacations and date nights as expenses
$150 for high-speed internet/cable is about right. How much are you spending? Agreed on Cellphone, I only pay $50/month
post 1628121243 01-10-2021, 10:10 AM
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He's budgeted for a lavish lifestyle, is putting money away, and still has some cash left over.

Not sure how that is broke.
post 1628121303 01-10-2021, 10:11 AM
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if you cant live comfortably on 100k youre doing it very wrong
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post 1628121443 01-10-2021, 10:12 AM
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Originally Posted By GNCPOV⏩
Retirement contributions and savings are not expenses, yet he proves you still have money for vacation and left over cash flow. Averages are skewed by people doing dumb **** like having $530 car payment, $390 student loan payments, $150 for wifi. Costs of living vary wildly by location.

Yes, costs are increasing, but this type of alarmist **** like saying 100k = broke is dumb AF.
This.



Terrible budget and at the end still has $740
post 1628121753 01-10-2021, 10:17 AM
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And y u know this?
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post 1628121843 01-10-2021, 10:18 AM
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Originally Posted By MikeLowrrrey⏩
$3k isn't much. That's two 2 week vacations, about $1500 for an entire family. You aren't traveling overseas to something fancy

How much do you spend on vacation with your family?
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Originally Posted By MikeLowrrrey⏩
$150 for high-speed internet/cable is about right. How much are you spending? Agreed on Cellphone, I only pay $50/month
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post 1628121903 01-10-2021, 10:19 AM
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Originally Posted By Anachron⏩
And here we go, the weekly whiny thread from OP, who proclaims to be successful in life - regular vacations to ski chalets and all.
makes no sense at all

I assume the video is targetted for Americans

brb according to BLS the median full-time US worker wage is 50k

brb that means those that are way below 100k will feel like ****

brb riots
communist until you get rich
rightwing until financially secure
atheist until the plane starts falling
slootist until you get married
muslim after you get married
post 1628121913 01-10-2021, 10:19 AM
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yeah this is why the "trump phenomena" is happening.
trump is a meme, but everyone is becoming aware that the economic system is in a hairy situation at the moment
post 1628121983 01-10-2021, 10:19 AM
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Pay for car cash. + $530 per month.
Dont go into debt with student loans. +$390 per month.
Get rid of cable TV. +$100 per month.
Pay car insurance by the year. + $75 per month.
Stop taking ridiculous vacations you can't afford. +$250 per month.

Boom. $2085 per month in your pocket after all expenses. Save/invest that for over 24K per year of gains. Assuming you invest it for 20 years into an ETF with an average return of 10% your looking at 1.5 mil in just 20 years. Not counting your original retirement account.


Or you can be a consumerist cuck and blow all your money for 20 years then complain about the 'rich' people that spent 20+ years grinding and sacrificing to be wealthy.
post 1628122043 01-10-2021, 10:21 AM
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Originally Posted By guest89⏩
Par for car cash. + $530 per month.
Dont go into debt with student loans. +$390 per month.
Get rid of cable TV. +$100 per month.
Pay car insurance by the year. + $75 per month.
Stop taking ridiculous vacations you can't afford. +$250 per month.

Boom. $2085 per month in your pocket after all expenses. Save/invest that for over 24K per year of gains. Assuming you invest it for 20 years into an ETF with an average return of 10% your looking at 1.5 mil in just 20 years. Not counting your original retirement account.
True, but at $1,030 mortgage including taxes you live in a trailer.
post 1628122163 01-10-2021, 10:22 AM
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these people are try hard retards

that is my ballpark salary and i live in a high col area.


my cell phone is 45 not 150 a month. my car is paid off now. student loans gone. cable bill and netflix closer to 60 than 150 and im now at the point where im going to contribute to regular 401k instead of roth to not pay 28%. my rent is way higher than his example but i will still come out ahead of this plebtard example.
post 1628122183 01-10-2021, 10:22 AM
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Originally Posted By Anachron⏩




And also, he seems to be saving for retirement by stuffing cash into his mattress.

BRB $4800/year retirement savings, but none of it is tax sheltered?
brb spending 2k/month eating out with family, taking three $6k vacations a year, spending $18k a yr on charity, a THOUSAND a month on children's extracurriculars, $800 a month on clothes....

and feeling average lmao
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post 1628122423 01-10-2021, 10:25 AM
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Originally Posted By guest89⏩
Pay for car cash. + $530 per month.
Dont go into debt with student loans. +$390 per month.
Get rid of cable TV. +$100 per month.
Pay car insurance by the year. + $75 per month.
Stop taking ridiculous vacations you can't afford. +$250 per month.

Boom. $2085 per month in your pocket after all expenses. Save/invest that for over 24K per year of gains. Assuming you invest it for 20 years into an ETF with an average return of 10% your looking at 1.5 mil in just 20 years. Not counting your original retirement account.


Or you can be a consumerist cuck and blow all your money for 20 years then complain about the 'rich' people that spent 20+ years grinding and sacrificing to be wealthy.
Agree with most of this, however $3k is responsible for a vacation if you have family and the middle class deserves vacation time.

I feel like the date nights can definitely be lowered, but you'd be stuck going to cheap places like Apple Bee's
post 1628122643 01-10-2021, 10:28 AM
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Originally Posted By bov188⏩
We probably spend $700-$1000 on a long weekend vacation once a year, and our household income is well over $200k. Before we owned a home and we had a combined income of $100k we didn't go on any vacations

Sorry to break it to you but going on a $3000 all inclusive vacation once a year is not a basic right. I have no sympathy for anyone who claims they're, "Broke" but has a $500/mo car payment and spends $3000 on a vacation
I don't know man, anybody that works hard deserves to get away once or twice a year. Like I said, it's not far fetched to spend $1500 on a getaway and then $1500 for another. It's great your family doesn't care for vacations, save way more money that way.

I'd have bought a car with cash, don't know why people choose to spend that much. Worse yet it's probably not even luxurious
post 1628122773 01-10-2021, 10:29 AM
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Originally Posted By soaponarope1⏩
Yeah this. My car payment is 0. Student loan payment 0. Date night isn't 100 4x a month. My internet costs $80 and my insurance premium is $19. Retirement contribution is much higher than the OPs budget though.

It's almost like they purposefully try to make a budget for the least financially responsible person and then say anyone who makes X is broke. lmao
Unfortunately many many Americans try to live a LAVISH lifestyle...

Which ends up making them spend money left and right not realizing what they're doing meaning they end up broke.

If you look at statistics over 2/3 Americans don't have emergency funds of over $1000..

its sad we live in what is seemingly "The best country" in the world yet so many Americans are poor due to their life style choices..
post 1628122803 01-10-2021, 10:29 AM
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Originally Posted By MikeLowrrrey⏩
I don't know man, anybody that works hard deserves to get away once or twice a year. Like I said, it's not far fetched to spend $1500 on a getaway and then $1500 for another

I'd have bought a car with cash, don't know why people choose to spend that much. Worse yet it's probably not even luxurious
But that's not a guaranteed "expense" if you're choosing to go on a $3,000 vacation and still have $9,000/yr left over, you're not broke. Your thread is stupid, get over it.
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post 1628122903 01-10-2021, 10:30 AM
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Originally Posted By DizzySmalls⏩
True, but at $1,030 mortgage including taxes you live in a trailer.
Had a brand new house built 5 years ago. .33 of an acre. 3 bed, 2 bath 1585 square foot. + attached garage. 20% down. Normal payments 5 years. Just refinanced for a juicy rate of 2.8% for 30 years. Mortgage is $585 per month.



Don't live in NY/California/Washington/Oregon.
post 1628122963 01-10-2021, 10:31 AM
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Just go open up an excel spreadsheet and figure out your after tax earnings, spending and see how much you have left over for savings/investing or spending

You don't need to watch this guys fuking video

100k could be a lot for someone or not
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