Reply to The problems of having your income be bonus driven

Forum Index » Money and Finances

Reply to "The problems of having your income be bonus driven"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]My total compensation is much higher than base salary because it's largely driven by stocks, bonuses, etc. It's been like this for the last 10 years of working. Base salary under 200k (recently over 200k), total comp 400k+. Whenever I try to get people's input on whether I can buy a nicer house, answer is always something like this

"you shouldn't count on stocks or bonus to pay for your lifestyle, just live off of your base".

Okay, so I'll save the excess bonus money for several years and buy the house I want in cash eventually so I don't need to carry a large mortgage.

But then they say "nooo you shouldn't have all that capital tied up in an illiquid asset, keep your money invested!!!"

So why is it okay for someone with a 400k base salary to buy a 1 million dollar house, but if god forbid your income is slightly variable you have to live ridiculously under your means? It's so annoying. Just tell me it's okay to buy the damn house.[/quote]

How are stupid people this rich? [/quote]

The question is really how smart finance professionals who manage other people's money can be so bad with their own personal finances.  Like so, bad.  I know because I'm married to such a person. [/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