Quote:
Originally Posted by jmg
This is amazing to me. I've been making over 6 figures for over a decade, so I should have close to a million bucks in the bank right?
WRONG!  |
Um, no... you shouldn't have anything remotely close to that put away, unless you're living in a tent under the freeway.
Me and my wife spend a million dollars every 8 years just living a fairly average middle class american life.
Our house is 2,500 sq. ft.
I have my BMW and she has her car.
We have nothing else extravagant or remotely expensive.
She buys jewelry at kohls, and lots of clothes at goodwill, lol.
We have no expensive hobbies or activities.
We don't take vacations... EVER.
We have no kids.
By the time taxes are done raping you on the federal, state, and local level, and all your regular expenses are deducted for rent, lights, cable, cell phones, etc, etc... a $150-170k year income is all but gone.