Reply to At what salary is it not worth it to work?

Forum Index » Jobs and Careers

Reply to "At what salary is it not worth it to work? "

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP - right now $45 works out like this. I am getting $20 an hour unemployment. So actually $25 an hour. I am all in since live in MoCo so almost 30 percent tax bracket so like another $7 off. Plus payroll taxes. SS etc another buck off.

So making $17 an hour.

If job had medical would do it. Cobra and mortgage are my biggest expenses. If unemployment ran out would do it.

My bills are at point $17 does nothing. In fact if I wanted Obama care might also be an issue.

[b]I need around $145k to pay the bills. [/b]Remember that is taxable. But even at $145 can’t contribute much to 401k as need the income.

I think I can land a job soon. But to be honest it may be my last one. [/quote]

Why? This seems insanely high. Are you the primary breadwinner?[/quote]

I have a stay at home wife and three kids, three cars and a mortgage. 
Right now living off 
$2,800 unemployment 
$1,500 rental income 
$2,000 interest income

But once unemployment runs out and cobra dies I am in trouble.

My wife wants me to land a good job, make it last 3-5 years and get rid of mortgage. I have two ok college right now but that was saved for already.

She is absolutely positively not going back to work ever if I am unemployed.

I am also screwed as can’t refinance or move with no income.

Am I crazy? I Can’t downsize as youngest four years to HS graduation and can’t sell rental as I use that income. My town rents are sky high. [b]I could not afford to rent my own house. 
[/b]
[/quote]

Why do you feel you would have to rent something equivalent to what you have now?   Just by your other extravagances, I'm going to guess it's a lot more house than you need.

You have one kid at home and two daughters away at school.   You only need a 3 bedroom unit.   One bedroom for you and your wife, one for your high school age child, and your daughters can share for the few months they are home. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics