Make $120k and live paycheck to paycheck, brehs

[semtex]

It's something about that mark when many people touch it, they just go ape shyt. I guess because for many who aren't used to that, making really close to 6 figures and especially reaching that 6 figure threshold outright has always been touted as "Eureka!" ... even if it's lower 6 figures.

[/QUOTE]
I save money as if tragedy is impending. I've put 33k aside in 2 years and that's while paying off loans.

 

[UserNameless]

This! There are tons of whites who live above their means and/or have to deal with unplanned circumstances that's beyond our control.

Also, YES the system is designed for us to fail. Understanding that and resisting peer pressure to keep up the front and constantly go out to events that involve spending money and being super disciplined with our spending can offset that a bit unless we have expensive unplanned circumstances like health/dental bills, car motor blowing up/expensive car maintenance, etc.

... unless u had a wife who worked and make good money as well.

Word. .. I'm a strong proponent of the fiancee or wife being gainfully employed if she's physically able. ..that's part of point of marriage (especially for the working class/ working poor) is to pool resources. ..

 

[Weaver31]

I save money as if tragedy is impending. I've put 33k aside in 2 years and that's while paying off loans.

to u bruh! 33K in 2 years! Damn that's great. Do u still enjoy urself? go out to eat or out for drinks? have any habits? U must make a good salary. Do u have a roommate, gf/wife that works, or stay with family?

 

[Weaver31]

Word. .. I'm a strong proponent of the fiancee or wife being gainfully employed if she's physically able. ..that's part of point of marriage (especially for the working class/ working poor) is to pool resources. ..

Everybody doesn't understand that.

 

[jwonder]

I save money as if tragedy is impending. I've put 33k aside in 2 years and that's while paying off loans.

I guess you do absolutely nothing. I personally couldn't do that. I always think what if I die. Got all this money saved for nothing. I found a plan to save and have fun. It involves stocks,annuities and general saving.

 

[tahoj4]

Mutual funds, Vanguard is a good place to start, extremely low cost, great range for people starting out

That is a very good place to start, but the minimum to start a Vanguard fund is 3k. Most people barley have 1k in savings. Funds like Vangurad are setup for lower end disciplined investors. The guy OP was discussing would need to reevaluate how he is living and maybe start pushing a nuvaring or and IUD on the women he deals with. People really do make their own problems.

 

[FruitOfTheVale]

In 2016, Business Insider put the median household income for the SFO metro area at $78,969:

https://www.google.com/amp/s/amp.businessinsider.com/highest-earning-us-cities-2016-6

How am I'm hell bent on a narrative that 120k is the same anywhere in the country when I only cited the median household income in the San Francisco area?


Whether you believe the median household income in the SF area is $78k as the article I posted says, or $88k as the source you cited says, does that change the fact that an individual making significantly more than either of those household medians is not making peanuts?


Why don't you post the per capita income numbers for San Francisco and see how that compares to $125k/year

Per capita income is 50K. A ton of people in SF have rent control, 10,000 live in housing projects, 20,000 live on section 8 and 30,000 live in SROs. the average income in the projects is 14-25K, same with the SRO population. The cap for section 8 is 60,000 (75% of median household income) which marginally increases depending on how many kids you have. None of the above pay anywhere close to market rate and they comprise a good 25% of the city.

Rent control applies to any building that got a rental permit before 1979 which is well over half of the rental stock. People who stayed in the same unit for 2 decades are often paying half of what their next door neighbors that just moved in are paying if not less.

If you just moved to San Francisco and are looking to rent, the actual rates you're paying can be drastically different depending on who you rent from even on the same street or even in the same apartment building. If you moved in to someone's 2br apt and they've lived there 20 years you might be paying as low as 700/month because their rent is 1400/month. If you and a friend took a vacant 2br apartment in the same building though you might be paying 2500 each for the exact same unit the 20 year tenant pays 1400 for.

if you're paying the current market rates in San Francisco city it's simply not affordable to anybody making less than 100K period. And even when you make 100K it's not exactly comfy either.

 

[semtex]

to u bruh! 33K in 2 years! Damn that's great. Do u still enjoy urself? go out to eat or out for drinks? have any habits? U must make a good salary. Do u have a roommate, gf/wife that works, or stay with family?

It's been 2.5 years actually. Yeah I go out to eat and drink fairly often. No roommate it's just me. I make 75k in NC which is more than enough for this cheap ass state (average salary here is like 40k)

 

[R.E.N. Spells Ren]

Per capita income is 50K. A ton of people in SF have rent control, 10,000 live in housing projects, 20,000 live on section 8 and 30,000 live in SROs. the average income in the projects is 14-25K, same with the SRO population. The cap for section 8 is 60,000 (75% of median household income) which marginally increases depending on how many kids you have. None of the above pay anywhere close to market rate.

Rent control applies to any building that got a rental permit before 1979 which is well over half of the rental stock. People who stayed in the same unit for 2 decades are often paying half of what their next door neighbors that just moved in are paying if not less.

If you just moved to San Francisco and are looking to rent, the actual rates you're paying can be drastically different depending on who you rent from even on the same street or even in the same apartment building. If you moved in to someone's 2br apt and they've lived there 20 years you might be paying as low as 700/month because their rent is 1400/month. If you and a friend took a vacant 2br apartment in the same building though you might be paying 2500 each for the exact same unit the 20 year tenant pays 1400 for.

if you're paying the current market rates in San Francisco city it's simply not affordable to anybody making less than 100K period. And even when you make 100K it's not exactly comfy either.

So if you're making more than double the income that half the the people in a metro area make, it's safe to say you ain't making peanuts (relative to that metro area).

 

[semtex]

I guess you do absolutely nothing. I personally couldn't do that. I always think what if I die. Got all this money saved for nothing. I found a plan to save and have fun. It involves stocks,annuities and general saving.

I'm admittedly a low maintenance dude. I don't have any expensive habits. I saw my fam break up over money as a kid so I hold on tight to it

 

[FruitOfTheVale]

So if you're making more than double the income that half the the people in a metro area make, it's safe to say you ain't making peanuts (relative to that metro area).

I never said 120K is peanuts, I said that it doesn't go nearly as far here as you might think. Most on this board would consider renting a studio or 1br to be "living within your means" but doing that in SF in 2017 means you make six figures.

 

[MarloStanTrill]

Just this morning at work I’m in the breakfast line a couple people behind my boss, he gets up to the cash register and his card declines for some links, eggs and a juice…I’m standing there like da fuk..he told the lunch lady to try again and she did, shyt declined again ..the lady behind him hands him some cash, not sure how much she gave him but he pays and then he walks off with this embarrassed look..about a half hour later I went to his office to chop it up and I asked him what was wrong wit the lunch ladys card reader and he just flat out said “Nothing..that was all me, 2 ex-wives and a mortgage leaves the tank empty”…I changed the subject after that but it got me thinking..damn yo..we gotta learn how to manage our money better than this, that’s unacceptable..stop living above your means brehs..whats the point in having a 5 bedroom house if you cant buy hot links and eggs, brehs.

breh is a grade 15 step 1

Spoiler

Pay & Leave : Salaries & Wages - OPM.gov

$124k and broke 2 ex wives at 35 years of age

its better off to make a hoe disapear than divorce or child support.

 

[jwonder]

So if you're making more than double the income that half the the people in a metro area make, it's safe to say you ain't making peanuts (relative to that metro area).

I don't believe people are saying peanuts if you are single. But if you have kids and live in a metro area it's a strain. Worse is you have child and spousal support.

 

[jwonder]

its better off to make a hoe disapear than divorce or child support.

I don't know how guys don't snap on a vindictive bytch. You actually have some chicks that aren't like that. I got a homie that never paid child support. As long as he provided for their daughter he was good. This is an extremely rare situation tho.

 

[R.E.N. Spells Ren]

I don't believe people are saying peanuts if you are single. But if you have kids and live in a metro area it's a strain. Worse is you have child and spousal support.

$125k is significantly greater than the median household income, so you can certainly raise a family on it. Over half the population is doing that right now. If it feels like peanuts, then you have an expense problem. Or a warped sense of reality.