The game is rigged. 100k is still not enough, and that is crazy.

[Ghost Utmost]

Inflation is built into the system. Its kinda insane but that's the only way to make imaginary money work?

I don't ever remember hearing about a billion dollars in like 93. It was always MILLIONS

That was the big number.

Now. $100 million ain't shyt. They make movies out of that.

So your idea of $100K is old fashioned. For real wealth type of moves.

If you do it right. Broke boi status. You can really freak $100K. Not in a stunning car or a huge house... tho

 

[SleezyBigSlim]

Buy a home, that's the cornerstone of wealth. Once you do that the rest of your financials will fall in line and its easier to allocate every dollar to exactly where you want it to go.

 

[Bboystyle]

Inflation is built into the system. Its kinda insane but that's the only way to make imaginary money work?

I don't ever remember hearing about a billion dollars in like 93. It was always MILLIONS

That was the big number.

Now. $100 million ain't shyt. They make movies out of that.

So your idea of $100K is old fashioned. For real wealth type of moves.

If you do it right. Broke boi status. You can really freak $100K. Not in a stunning car or a huge house... tho

I get your point but saying 100 million aint shyt is status

 

[Insensitive]

I promise you this is not a brag thread but one to open the eyes of people pining for that six figure salary. It truly is not much at all to break 100K. I make well over 100K and it still takes me an incredible long time to amass any type of formidable capital, other than financing it. Which just should not be the case. If the crucial things in life, for example, a house (or any property, condo, etc.) and a car, require the vast majority of people to have the money loaned to them, something is very much wrong. I couldn't imagine doing it on my salary let alone half.

I have it in a spreadsheet and track everything in and out. On a base level, after all expenses I am able to save $2000 a month. That's with maxing out my 401K. I also put $500 a month into the stock market. $2000 a month is $24000 a year. The average cost of a house last year was 280k. The average cost of a car is $40k. Sure you can buy the car used but who is going to buy the new car so that it becomes "used?" You're or someone else is forced to take a loan from a bank that you'll be paying on for YEARS and be plagued by interest.

Mind you, only 10% or so of people make 100K or more in the US. What is everyone else doing? How is everyone else surviving? It just doesn't make sense. I am blessed to be in the position I am so I am able to save what I am able but what about 90% of the rest of society? So maybe someone who is smarter than me can explain to me how this all works. As of 2019 the US median income is fukking 32K.

On a more serious note, this is a major issue that needs to be solved in
our life time.

Yes, imagine all of those people living on credit, going further in debt trying their best just to get by and
living vicariously through the rich and famous or worse giving their hard earned dollar to those who don't need it.
Think of all of those individuals who aspire to $100k and imagine the perilous path to just $40k. shyts WILD when
you think about it.

I breath a sigh of relief everyday because I was just there man ! And I'm not even a six figure cat yet, when your
finances get that BOOST, it's crazy how much it can change your life. How many stresses and worries evaporate
seemingly overnight.

Now contrast that $32k a year with no benefits, no kind of pension, evaporating social safety nets with politicians
who make well over that just to show up to work then get 20 times that for speaking engagements at multi-national
corporations and you start to see the wealth disparity for what it really is, selling out the American people for more money.

This is why I feel the way I feel about socialism/communism and why I'm dismayed when someone who makes $10 an hour
is vehemently against it.


Also ignoring the low income individuals and the high earners they're being contrasted against, imagine a cat pulling three
or four times what you make (well paid lawyer, investment banker, software engineer, doctor etc.), that person STILL ISN'T on the level of a CEO at a
fortune 500 or some old money like Paris Hilton.
The gap between that income level and the kinda shyt that can influence politics is , the chips are really stacked against you
when you put money into THAT perspective.

 

[Ghost Utmost]

I get your point but saying 100 million aint shyt is status

I'm switching frames too quickly

$100MM is GREAT for an individual.

I'm talking government spending packages, value of companies, the value of the Black dollar...

Used to be measured in $MILLIONS

then eventually $millions was peanuts.

The value of Apple. Or FB. Or the stimulus. Or the total value of Bitcoin.

If these numbers were millions of dollars you'd think there was a mistake. Google is worth $999 MILLION. You'd be like "hell naw. The Kardashians hairdresser is worth at least $500MM

So then you drop down to personal level

$100K in 93 was RICH

In 21, depending on where you live and how you live...

You are prolly in DEBT at $100K per year

 

[Shadow King]

I feel you. I don't know enough about the NY/NJ area so I'll take your word for it. However, I think people have too high of an expectation when it comes to making 6 figures. Just because you're not balling, doesn't make it an inadequate amount for the area.

Low 6 figures (100-120K) is enough in North Jersey granted you
1) Don't need your home in a traditionally "money" area
2) Don't need a luxury car
3) Don't have children

 

[King]

Another thing (for you slow nikkas)
My younger cousin grosses 450k. Isnt as happy as some folk I know making 70k.
My younger sibling makes 180k. Uncles multimillionaires. One of my nikkas grosses around 5 to 600k.

So EVEN IF YOU DO pass the poor American mark (over 400k)....

If you're still the same retarded nikka (which is sounds like most of you are) you still wont have great quality of life. I was doing w 120k in my mid 20s what folk making 900 k were doing

What do they do for a living?

 

[TELL ME YA CHEESIN FAM?]

It's why the minimalism movement has been gaining popularity.

I was making nothing last year and now I'm getting close to 100k and I'm trying to stop myself from splurging I need to keep this minimalism shyt up

That's the thing
Thun is trying to keep up with the Joneses
There are a lot of men raising a family, making less than 50k
If you double their pay,they'd be in heaven until they start upgrading their lifestyles

 

[Neo. The Only. The One.]

I promise you this is not a brag thread but one to open the eyes of people pining for that six figure salary. It truly is not much at all to break 100K. I make well over 100K and it still takes me an incredible long time to amass any type of formidable capital, other than financing it. Which just should not be the case. If the crucial things in life, for example, a house (or any property, condo, etc.) and a car, require the vast majority of people to have the money loaned to them, something is very much wrong. I couldn't imagine doing it on my salary let alone half.

I have it in a spreadsheet and track everything in and out. On a base level, after all expenses I am able to save $2000 a month. That's with maxing out my 401K. I also put $500 a month into the stock market. $2000 a month is $24000 a year. The average cost of a house last year was 280k. The average cost of a car is $40k. Sure you can buy the car used but who is going to buy the new car so that it becomes "used?" You're or someone else is forced to take a loan from a bank that you'll be paying on for YEARS and be plagued by interest.

Mind you, only 10% or so of people make 100K or more in the US. What is everyone else doing? How is everyone else surviving? It just doesn't make sense. I am blessed to be in the position I am so I am able to save what I am able but what about 90% of the rest of society? So maybe someone who is smarter than me can explain to me how this all works. As of 2019 the US median income is fukking 32K.

I feel you man. I'm making more right now than I ever have in my life and I still feel "broke"


I'm trying to figure out how I was surviving before this because every time I get money, it's gone to bills or necessities

 

[the bossman]

Hyperinflation is coming because of all the "free" money the government has been giving everyone this last year. But they want to crash the financial system so they can institute a digital currency based on social credit and a new world order serfdom. All the truly wealthy like Bill Gates are buying up all the land right now almost as if they know cash will be worthless pretty soon.

Buy ฿

 

[Loose]

Game is rigged!


Also humble brag: I'm able to save 40k a year

 

[inndaskKy]

This is not a brag post but I made 1.2 billion dollars over the last 5 years and honestly, I still have to buy the cheap fuel for my private jet or otherwise it gets difficult to make things work financially. I don't know how you 99%-ers do it man. I guess we all in the same boat!

I didn't mean to brag though

 

[Art Barr]

You are doing it right.
As far as saving 2k a month.
That is what i used to save before i had enemies and had to sue people.
It ia just what it is.

You needed 37k back in 1998. Just to have a place to stay, transpo, weekly lunch budget of 40 dollars. Nuffin changed other than the affirmative action parameters. That affect black people from kickin everybody ass in corporate america again.

Art Barr

 

[360dagod]

Remote work will save the American economy and society. This pandemic is making bosses act all stupid with workers working in their homes and all.

It's the opposite...

The work crowd supports the starbucks/McDonalds/applebees/happy hour bars etc.

When there is no work traffic, neighborhood businesses suffer...

The grocery store takes a beating when these kids have no school...

That morning/afternoon rush was where the money was made

 

[NeilCartwright]

Great point. I think about this often. Robert reich was the secretary of labor in the 90s under bill clinton, but he does a good job explaining the wealth gap. In layman’s terms, wages have not gone up in 40 years. And I honestly don’t know how this situation will look when we have grandchildren