$100 an hour isn’t much anymore

[Anonymous]

Anonymous wrote:Someone I know is making $100 an hour and still getting by paycheck to paycheck, do we need a 500k a month to be okay? Not be poor ?

If you want to life in a decent family home in a safe, close-in area, you most definitely need to make more than $100/hour (or $200k/year). For kids, savings, home, $500k is a minimum. sorry, that's just a fact when barely livable homes cost over $1m and college costs a fortune.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Someone I know is making $100 an hour and still getting by paycheck to paycheck, do we need a 500k a month to be okay? Not be poor ?

If you want to life in a decent family home in a safe, close-in area, you most definitely need to make more than $100/hour (or $200k/year). For kids, savings, home, $500k is a minimum. sorry, that's just a fact when barely livable homes cost over $1m and college costs a fortune.

It is a fact when you are an idiot.

[Anonymous]

Anonymous wrote:When we got married we were making about $50,000 combined and we were doing fine. As our incomes grew our spending didn’t. If you can’t live ok on $100 an hour you have a problem.

Zip code and year?

[Anonymous]

192K?? Really?? Come on now

[Anonymous]

I make $134 an hour. It’s pretty good, as we really don’t spend on anything extravagant.

Biggest bills are mortgage ($4K) and daycare ($2.2K) every month. Having little kids basically forces us to be homebodies who wear sweatpants.

[Anonymous]

Anonymous wrote:Someone I know is making $100 an hour and still getting by paycheck to paycheck, do we need a 500k a month to be okay? Not be poor ?

500k a month? That's $6 million a year. I think I would get by very easily on that.

[Anonymous]

Anonymous wrote:Someone I know is making $100 an hour and still getting by paycheck to paycheck, do we need a 500k a month to be okay? Not be poor ?

With this kind of money, I could invest $10k a month for the next 2-3 years. This should have been step one and then upgrading life and live paycheck to paycheck.

[Anonymous]

At this point, unless you already bought your first home before 2022, $200/hr is minimum to be UMC. Preferably two people making that.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Someone I know is making $100 an hour and still getting by paycheck to paycheck, do we need a 500k a month to be okay? Not be poor ?

If you want to life in a decent family home in a safe, close-in area, you most definitely need to make more than $100/hour (or $200k/year). For kids, savings, home, $500k is a minimum. sorry, that's just a fact when barely livable homes cost over $1m and college costs a fortune.

It is a fact when you are an idiot.

+1

Median income in DCUMland is ~$111K/year. That means 50% in area live on less than that. Dig deeper and you will find (I'm guessing) another 25% make between 111-200K.

[Anonymous]

Anonymous wrote:What are you spending???

+1

No kidding. Champagne taste on a beer budget, OP.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Someone I know is making $100 an hour and still getting by paycheck to paycheck, do we need a 500k a month to be okay? Not be poor ?

500k a month? That's $6 million a year. I think I would get by very easily on that.

And you won't be poor!

[Anonymous]

May be having financial obligations that you don't know about.

[Anonymous]

Full time that’s about 200k. Not very much.

[Anonymous]

Anonymous wrote:Full time that’s about 200k. Not very much.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Someone I know is making $100 an hour and still getting by paycheck to paycheck, do we need a 500k a month to be okay? Not be poor ?

If you want to life in a decent family home in a safe, close-in area, you most definitely need to make more than $100/hour (or $200k/year). For kids, savings, home, $500k is a minimum. sorry, that's just a fact when barely livable homes cost over $1m and college costs a fortune.

It is a fact when you are an idiot.

+1

Median income in DCUMland is ~$111K/year. That means 50% in area live on less than that. Dig deeper and you will find (I'm guessing) another 25% make between 111-200K.

LOL - you are clueless. I live in Bethesda and I can tell you you couldn't even scrape by on $111k/year here unless you're living in an apartment building. You need several hundred thousand a year - like 500k! - to live a normal, basic "American dream" lifestyle here.