>6792 after maxed 401k contribution >4618 after income taxes >4160 after maxed Roth IRA contribution >2760 after rent >2510 after utilities >2130 after car payment for Toyota Corolla >2000 after car insurance >1700 after groceries >1630 after cell phone plan >1540 after gas >1140 after minimum student loan payment >1090 after parking fees >1080 after renters insurance >900 after random incidental expenses
So 1k or less left over each month to do whatever I want with. A teenager making minimum wage and living with his parents has more spending money than me. kek. 100k a year is a meme
And I'm single too. Can't even imagine how bad things would be if I had to pay for dates or children's expenses
reminder that $5 into link will make you a prince in nigeria
Caleb Collins
It's true. We're all fucked
Michael Brown
find a girl that splits rent with you and likes to cook! helps shittons.
James Reed
roth ira, 401k, jeez, why u need so much money on retirement?
Luis Morgan
so I'm not slaving my entire life
Ryan Howard
At current valuations, 10 year real returns are expected to be around 0%.
That's 10 years of compounding QE's fucked us out of. Maxing contributions is the least we can do to compensate.
Kevin Garcia
Have you considered moving somewhere where you don't pay $1400 a month in rent
Jacob Cooper
A teenager doesn't have that. Rent is a big cost factor though, that's true. Part of the reason why I'm gunning for my parents house.
Joshua Walker
Cheaper areas mean $100k jobs are harder to come by. Or a longer commute (isn't wageslave life great when you actually have no free time on weekdays?).
You're right though that maybe the best way OP can earn some breathing room is getting a roommate or live-in gf.
Jose Allen
It is if ur in tx Live meager, 500 rent, pay off japanese car, cell phone. Internet, water elec, food gas. Roughly 1000-1300/month That leaves.plenty of investment opportunity
Buy crypto you fool. You don't need to improve your quality of life when you can't even get an erection and shit yourself so often you wear a diaper. Life is going to suck then anyway
Hudson Butler
a lot of unnecessary items on that list, fren >he doesn't own a beater van >he doesn't sleep inside his van >he doesn't mooch internet and electricity from nearby starschmucks >he doesn't park nearby work and bike everywhere, thus minimizing gas cost >he still uses a zogphone >he still pays utilities >his life is so unorganized there are "Random incidental expenses" >he contributes to 401k and roth ira >he pays income tax
HAHAHAHAHA
Kevin Stewart
>being homeless is cool, kids!
Jose Powell
I have some crypto but I'm not gonna go and put 100% of my hard earned wage bucks into some funny money that could go to 0
Charles Carter
Makes it harder for the IRS to catch you when you've got no permanent address.
Easton Perez
>2k rent >making 100k and somehow still paying a car payment on a Corolla
>living in Turkey >made 100k euros from scams and crypto investing in 2018 >don't have to pay taxes, scam reports are ignored
laughing @ u western cucks
Caleb Rogers
They'll just fucking garnish your wages or seize your bank account. You can't hide
>inb4 use crypto for everything
kek
Leo Watson
Why would I not borrow money for it when I got a sub 1% interest loan?
Jace Reed
>why am i broke
Andrew Moore
I want a reliable car that will last 10+ years. Yeah I could have gotten a 5000 dollar 2008 model but it would have more limited life span and higher maintenance
Alexander Wilson
Rent's $1400, not $2k.
And his point is that even with $100k there isn't a magic pot of money he can use to pay off his car or whatever. At $480 a month it still takes like 2.5 years to pay off a $15k Corolla. Throwing all his spare money at it only speeds that up to like 1 or 1.5 years.
Camden Myers
What a stupid thing to imply. You have no understanding of finance.
Gavin Rivera
>600 dollars a month for a corolla no. >if youre not borrowing money from shekelberg and sally gae you dont understand! yeah, pass.
Logan Wood
>dies at 45 of brain tumor you got it all figured out champ
Mason Allen
yeah, man! put all your money under the mattress! don't trust those banksters!
Nathaniel Hill
>that 65 year old boomer with a 130k net worth and 90% of it being home equity
Xavier Perez
>$1400 for rent (into the garbage can) Buy a house. Lol my payment is 300 dollars and I'm building equity.
Angel Wright
>if im not paying an interest on money I don't have, that means i'm wearing a tin foil hat! Pass.
Matthew Butler
>lives until 90 due to cancer and anti-aging treatments As long as we're discussing bullshit hypotheticals
Josiah Sanchez
>180 a month of "random incidental expenses" What the fuck is this. Do you accidentally buy a venti frappucino every day?
John White
You need to rethink what money is. Crypto is a bunch of nerds fighting for your attention. They are trying to enable the future. Meanwhile USD is scamming you left and right. You see the scams and see the exit. Make currencies compete to be your base, don't stick with the USD default.
Leo White
shit breaks. gotta buy a birthday gift. feel like going to a restaurant. speeding trap. day trip. impulse buy of some bullshit item on amazon. etc... it's usually less than 180 but it's a non zero amount
Josiah Barnes
>hes actually putting money into boomer scams like 401k and roth ira
>wah I can only buy 1 iPhone a month and will retire a multi millionaire
End yourself op
Matthew Hill
LMFAO op >Falling for the 401k meme >Falling for the Roth IRA meme
Noah Walker
>he doesn’t smell like hot garbage
Mason Watson
How come fatclaps earn so much?
$100k is £76,000 here.
That salary here in UK is like fucking CEO salary. Our fucking Members of Parliament get paid £77k.
Is your cost of living high as fuck? Plug your city into here and compare it to an average UK city like Leeds or Manchester (London is an anomaly) pls.
Average salary in UK is £26k which is $34,000 fucking dollars but I dont think our living expenses are much different.
These. He spends 2k on investments And another 1k on loans with a questionable rent amount.
OP you could easily have 4k of change a month. Quit your bitchin nigger
Hunter Myers
>I won't borrow money at 1% and invest it at 11% and keep the 10% because then the jews will win You're a poor brainlet, kys.
Joshua Turner
lolwtf. i make 3k a month and i still have 1k disposable cash after expenses.
Juan Butler
wow it's almost like if you lived with your parents you wouldn't have to deal with that shit and you would save thousands and thousands of dollars that compound in investments or you could spend on actually cool things like good diet and travel and not having debt
youre the retard since neither one of the posts you quoted recommended buying crypto. 401k and roth IRAs are literal boomer scams and investing in them is the shittiest way of generating future income
Alexander Long
Just shows its impossible to make it without crypto or accidentally having parents who saved a million bucks for you.
This. Feed your industry for a couple decades and salaries can get ridiculous (companies invest in productivity enhancements for employees) because that shit compounds.
Jonathan Price
so what do you think they implied I should invest in instead, gold? real estate? lmao
Landon Howard
I make 2000 a month. I'm 28 in a "lucrative" field in the states. I own a house. I eat well, and I party hard. Money isn't everything. I am ready to die. But also I am ready to live. At any given opportunity, I do my best Striving to communicate Thoughts that long ago did possess me That I would be great Had I chosen to not have done what I don't know. You will be great where you are Don't let the numbers numb you As you take your riches and fill Time with foam
Hunter Russell
so retarded. gold and real estate are shitty investments too but since youre in on 401k and roth ira im sure you think those are good investments too. canadian weed companies like canopy that have real capital and real space to be huge sector players is probably not a bad call.
you should be saving your money though you dumb shit. your boomer investments are retard level and are draining your monthly income.
Anthony Edwards
Only 1% of Americans earn between 90 and 100k dollars. The average in the USA is about 30k
Grayson Parker
(You)
Bentley Ortiz
you sound like you don't even know what a 401k is
William Scott
i know what a 401k is. its a shitty boomer meme scam. but okay have fun having lots of money when youre fucking 60 and too old to do anything or you can have money between now and the next 10 years and be young enough to actually enjoy it. do you want to be the grandpa driving his new corvette (or whatever) at 35 fucking miles a hour or do you want to actually enjoy your luxuries. choice is simple.
Nathaniel Collins
I actually put the rest of the shitty 1k or so a month I have left into taxable investment accounts that I can touch at any time. I want to retire as young as possible and plan on living off taxable investments until I'm old enough to withdraw from the retirement accounts penalty free. It's dumb not to take advantage of the big tax savings you get from the 401k and Roth IRA. Maybe you really like paying more taxes though
Julian Walker
It's like 8 percent retard. The 1 percent is like 400k a year.
are you sure that's individual incomes, not household incomes?
David Williams
your income already gets jewed by uncle scam to the nth degree so idk wtf youre trying to get at by saying "durr 401k and roth ira taxed less" you already got fucking robbed on your monthly income. 401k is guaranteed money but its still fucking taxed on TOP of the income tax you already get per month and 401k contributions are treated as fucking ordinary income. roth IRA isnt guranteed since youre still investing in something that could potentially NOT return anything to you or maybe it returns 5 fucking percent gains. thats a boomer scam if ive ever seen one. both obviously
Tyler Perez
you don't pay capital gains taxes on the 401k or roth ira senpai
Nathaniel Parker
i know that but you still pay income tax on it dude. when you cash out your 401k you pay an income tax on it and i believe the 401k cashout amount is added to your total income for the year and it is taxed as one whole number. youre going to get robbed by the IRS a second fucking time with 401k. youre fucked either way capital gains or income tax. gl
Zachary Brooks
be silent brit the workings of your insane disgusting country are of no importance
Isaac Allen
sup Ryan
Xavier Sullivan
1% and 400 dollar payment. hmmmmmmmmmmmmmmmmmmmmmmmmmm
Carson Lewis
This is what I do. After maxing my 401k I take the rest of it and invest. I have more in my non retirement account. And I'm retarded because I should be filling up my HSA (health fund shit) which you can withdraw once you are 65 for any purpose and roll over shit back into my roth ira so I don't get fucked by taxes when I'm old
>shit breaks You can fix most things with duct tape and a hammer but ok. > gotta buy a birthday gift >feel like going to a restaurant >speeding trap >day trip > impulse buy of some bullshit item What the fuck. Could you possibly be more of a young millennial.
Samuel Rogers
>sub 1% loan
Why would someone just go on the internet and tell lies?
Aaron Ward
>paying off literally the cheapest loan you could ever get early before saving/investing
Dummy alert
Brayden Bell
Only social security is a boomer scam cause its funded by taxes, 401k and roth only get paid to you or your family
>Work in Charleston, SC >Live in Ladson, SC >20 minute commute, 30 in bad traffic >$119k a year job >$618/month mortgage on a 4br, 2.5ba ranch on 1.3 acres
Nope, just got to live in an area that isn't fuck-all stupid on rents and mortgages.
Kevin Brown
>but okay have fun having lots of money when youre fucking 60 and too old to do anything or you can have money between now and the next 10 years and be young enough to actually enjoy it.
Two things:
First, English, motherfucker. Do you speak it? Second, Enjoy being 60+ without a pot to piss in, eating cat food because you didn't save a bare minimum for retirement and SS has been raided by the actual Boomer generation.
Jordan Morales
>you have to pay parking fees for the place you work at kek
Matthew Thompson
Because that "asset" will never be worth that value again. They are financing youban inflated price. They don't need the interest income.
Gavin James
No offence, but you sound like an establishment beta cuck that does everything by the books just like the good goy that you are. Live your life and take some risks for fuck sakes. Judging by your posts, yes you're making a lot but your life sounds boring as fuck.
after car payment for Toyota Corolla stopped reading here
Benjamin Jackson
>Make car that should cost $15K >Brand new so you decide the price >Sell it for $21K with 0% FINANCING WITH NO CREDIT CHECK >Cucks actually buy it because they don't understand that car dealerships are not in the business of giving people free money
Jackson White
>~$2k/month into retirement You're gonna make it >$1400/month rent >$380/month for a Corolla >$180/month for "random expenses" Some of this is self-inflicted. Even so you have about $10k/year to put into investing. This could easily give you 6 figures liquidity within about 5 years.
Jeremiah Nelson
Dubs aside, if you think $100K is "nothing", you have no clue what "nothing" really is.
Matthew Long
>Implying that we all have student loans, a car payment, and cuck retirement accounts. >Implying that we all pay 1400 a month in rent. Not gonna make it fag.
>$250 on utilities >$560 on driving >$300 on groceries >$70 cell phone plan >renters insurance >"incidental" expenses which just means blowing your shit on booze and drugs You're never going to make it.
Bentley Flores
So don't put so much into retirement shit if you want more money now?
You have everything within your grasp to change your situation.
Gabriel Lee
If I didn't work , I would probably get bored after a year or two of drinking and traveling.
Lucas Morris
>6792 after maxed 401k contribution fair enough >4618 after income taxes Get that shit adjusted >4160 after maxed Roth IRA contribution fine >2760 after rent Get a roommate or better a wife that works >2130 after car payment for Toyota Corolla lmfao sell the car and get a cheap one. you're literally just handing jews your money >2000 after car insurance wtf? I pay 50 bucks a month for car insurance. fix your shit >1700 after groceries 300 per month for groceries? What kind of food are you eating? >1630 after cell phone plan 70 per month for 1 cell phone? Get a cheaper phone. >1540 after gas if you have a long commute then ok >1140 after minimum student loan payment Jesus christ, get fucked son >1090 after parking fees parking fees? where the fuck do you live that you need to pay for parking? >1080 after renters insurance lmfao >900 after random incidental expenses jew your way out of it. there's always something you can do to get the price down.
Charles Cox
>maxing your 401k and IRA
lol why the fuck would you do that? Being young is about taking risks in business and investment. Do you honestly think you're gonna be able to live off that.
Accept the fact that you will never retire.
Why would anyone retire? You'd just drink yourself to death and die. After decades of experience you should have tremendous amounts to offer. If you didn't then your fucking stupid and nature didn't pick you.
>tfw in 20 years I will be turning down endless consulting jobs
