Is he right? Redditors insist he’s wrong and are getting pissed in the comments
Reddit melting down over this post
you should be banned for posting reddit anything here, but the mods don’t give a shit. Keep ruining the website
Why? At least they discuss personal finance, most of what I see on here is people trying to scam each other.
I make 35k a year, pay rent at a 1br house, drive a 20yo car, go to the movies, out to eat, vacation once a year, buy beer everyday and I still save money with only around 1k of credit card debt, this guy is a retard.
Reddit is corporate shill bots and actual bug me. The idea that companies pay people less because standards of living have fallen over the last two decades is madness/heresy/taboo to them.
No shit he's right.
The "six figures" benchmark was made in the 80's and 90's. Back then, that was a lot of money. Today? Not so much.
I would say he is pretty much right about that but in some places in the US you can still live very comfortable on that amount
Is he right?
No, I make ~$35k/year and I can afford my 1 bedroom apartment and 15 year old used vehicle. If I made $100k/year I could easily retire in like 10 years
I didnt write by the way, just a conicidence
Youre not living in a big city are you?
99% chance he lives in bumfuck Indiana
Is that supposed to be an insult?
youtube.com
It's true for engineers and maybe a couple other kinds of grads in America, but objectively false otherwise. The average 27 year old (~3 years out of school) is making only about half that, you need to be above 90th percentile to make $100k/yr.
I can tell you guys right now, 100k is fucking nothing. I made 140k last yr, my wife made 120k. We're still stuck in a 1 bedroom 500 square foot shoebox and will never be able to afford a house in our city
That's a you problem bro
obviously this depends on where you live
Yep
I make like 21K lol
In my city 100k would be a nice down payment for a 550 sq. foot apartment, parking space not included, and you would still need to take a mortgage of about 150k on top of that.
100k nowadays is definitely better than nothing but it's not like it was in, for example 2005.
20 years ago 100k was life-changing, you could buy yourself a place and have zero debt, you could make a significant investment which would basically set you up for a completely worry-free retirement.
Why would you wanna live in a big city? are you retarded?
This. Soon that shit will become Anon Babble with infinite twitter screencaps every single day.
You can discuss if 100k is a lot of money here WITHOUT posting a faggot screencap or pointing out Reddit "meltdown".
Being a millionaire is in more of a need of an update. To be what most of us though growing up being a millionaire is, you need $3.5mil today. $1mil is barely a milestone.
i make 100k
works 80 hour weeks
the point of wealth is to tell people how important you are, not whatever this post is.
no the city you live in does not matter.
200k is the new 100k and even that is being generous.
100k in the 80s is like 300k today.
I live in Nashville.
How are you spending over 20k a month retard?
Fuck you retards unironically need Dave Ramsey.
He's right, 100k is fucking nothing these days. Hell, even 500k annually is nothing.
How do I save making 35k a year?
I live with my gf and split bills
I spend.
500$ on rent per month since rent is 1000$.
I spend around 150 - 200$ a month on electricity.
50$ water bill
60$ wifi bill
About 100$ on gas a month
200$ on beer a month
65$ on car insurance
40$ on streaming services
Since I make 35k a year I make around 3000$ a month, 2500$ after taxes, and I spend no more than 1400$ in my bills, which leaves me with 1k every month in savings. I have a total of 45k in savings over the span of 7 years since I started working at 18 and am 25. My bank told me if I go full-time at my UPS job (which is an extra 3 year wait from now) that I could buy any starter house since my yearly income would double and I have a credit score of 791. If I made 100k a year, id be a millionaire in 15 years maybe less.
It's always you
Are you Jewish?
You always comment how 100k income is not a lot and how not living in the city is bad
I make 48k after taxes and can support a family of 4 comfortably in the suburbs of Michigan. I made this comment in a similar reddit thread once, got downvoted, and asked "how? do you not go on vacations or travel? what about new clothes for everyone?"
Materialistic fucks.
Oh shut the fuck up. Not even 1% of jobs pay more than 200k. If you're not living in luxury on more than 150k then you're niggertier retarded.
Also, no one makes the distinction of home income vs single income. Since women can make 100k in adult daycare HR jobs, and gen Xers don't have kids, you can usually double or half the numbers these redditors spout.
retard alert
Never have children, the world doesn't need more retards
200k is literally nothing kid
Young people have been driven mad by social media and think you can't be happy unless you're flying private planes.
Boomers are so out of touch it's unreal
what happened to the middle class
zoomies can see what boomers can't
People's brains are just stuck in 2012..
This is imo a huge deal and the biggest issue we are facing, that the world view people have are based on the world of the past, and it sort of has expired.
I only went to HS and started making 32k in 2018. Now I'm at my same job and position making 140k a year. I'm 30 so I'm grateful I'm going to be a millionaire by 50. I save and penny pinch everything and have 400k net worth right now. 120k in stocks and 68k in roth ira
bruh this place lost to the sharty....
Stop buying beer ffs
Holy shit people here are retarded.
100k annually is more than a livable wage. But the people who make that kind of money buy brand new cars and live in a way where they need the full 100k just to upkeep their lifestyle. It’s not just that 100k was a lot in the 90’s it’s the fact that you can buy a washing machine for 13 grand or a fridge for the same price today. Actually stupid.
If I was making that much I could afford to live comfortably ( not like some stuck up millennial poof) and STILL have more than enough to save and invest. If you’re living in a 1 bedroom apartment when your combined income is over 200k a year you are a fucking idiot.
FUCK OFF BACK TO PLEBBIT CUNT
FPBP
KYS
Sharty won
low IQ doesn't understand cost of living. $100k in my rural hometown is good money because you can still buy a decent home for $150-200k. i live in the suburbs of philadelphia and make $120k, where homes are $350-450k.
400k home? Nigger you're in the hood sub 550k in any decent city. My starter home in Sacramento California was 680k
you could have made a topic of
"Is 100K a lot of money?" and get the discussion you wanted. Reddit screenshots should either be contained to a general or banned since they're lazy at best ways of generating discussion and at worst are abused for clickbait and slide threads.
i'm like 1 hour from philly in an 80-85% white suburb where homes are $350-450k.