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You're closer to the poors than the rich
Poast new message in this thread
Date: April 29th, 2024 12:07 PM Author: Soul-stirring Goal In Life Lots of poasts here with a tone suggesting they’re rich because of earning a ‘relatively’ high salary in comparison to the country and that wealth is just a matter of time.
Quick reminder you’re much MUCH closer to average poors than the true wealthy and you will never reach their level and therefore should manage your perspective and not be fooled into thinking you can roll with the big boys.
To illustrate, I want to use a real life example of a household with income between 600-800k (two high earners) to show that even at this level of income, creating wealth is impossible.
Net income about 27k monthly
Mortgage: 8k
Utilities: 500
Nursery (one child): 2.5k
Nanny (both parents work full time demanding jobs): 3k
Car: 1k
Food: 2k
Clothes: 500
Holidays (avg monthly): 1.2k
Other spend: 2k
Total: 20k
This leaves just 7k for savings (3.5k pp). A lot of money sure but not exactly no-longer-need-to-work and can retire in a few years money. Obviously can save more in the good years but hopefully this illustrates how quickly money can go, especially when it’s self made with no family support.
A reminder that no matter how high you climb the income ladder, as long as you earn an income you are working class and have more in common with your fellow "average" workers than the capital-owning, generational wealthy “elite”.
How are you feeling now, you poors? |
Date: April 29th, 2024 12:10 PM Author: vengeful passionate state affirmative action Rsf and cslg are the only posters here who believe they are rich (http://www.autoadmit.com/thread.php?thread_id=5522695&forum_id=2#47618154) |
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Date: April 29th, 2024 12:15 PM Author: odious canary home What's up (http://www.autoadmit.com/thread.php?thread_id=5522695&forum_id=2#47618169) |
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Date: April 29th, 2024 12:49 PM Author: Chocolate Frum Telephone Noticing a pattern here (http://www.autoadmit.com/thread.php?thread_id=5522695&forum_id=2#47618349) |
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Date: April 29th, 2024 12:11 PM Author: Honey-headed apoplectic plaza hominid and every year we get closer to the poors
this is neoliberal feudalism in action |
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Date: April 29th, 2024 12:14 PM Author: Know-it-all shaky sound barrier 8k/mo mortgage with 5.5k/mo nursery *and* nanny poorman tp (http://www.autoadmit.com/thread.php?thread_id=5522695&forum_id=2#47618166) |
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Date: April 29th, 2024 12:17 PM Author: navy fanboi area That part is kind of stupid but the general thesis is correct (http://www.autoadmit.com/thread.php?thread_id=5522695&forum_id=2#47618173) |
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Date: April 29th, 2024 12:21 PM Author: Know-it-all shaky sound barrier yeah, you can't just suddenly stop working as a wagecuck. news at 11. it still affords a life which is a world apart from true prole retards who live paycheck to paycheck and eventually blow their brains out when they realize they can't afford a non-asylum retirement home at 75 (http://www.autoadmit.com/thread.php?thread_id=5522695&forum_id=2#47618193) |
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Date: April 29th, 2024 12:18 PM Author: Tantric Curious Trailer Park Pocket Flask Of that 8k mortgage how much is equity? Maybe 4k? Add 7 to that is 11k/month or 132k/yr liquid savings. That's rich. |
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Date: April 29th, 2024 12:23 PM Author: hairraiser dun electric furnace “True wealth” means proximity to the money printers
It is not a measure of “providing value”
It is a measure of belonging to the social class above the tax cattle
"Why are gentiles needed? They will work, they will plow, they will reap. We will sit like an effendi and eat. That is why gentiles were created." |
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Date: April 29th, 2024 12:23 PM Author: Honey-headed apoplectic plaza hominid yes (http://www.autoadmit.com/thread.php?thread_id=5522695&forum_id=2#47618204) |
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Date: April 29th, 2024 12:47 PM Author: maroon meetinghouse pisswyrm (http://www.autoadmit.com/thread.php?thread_id=5522695&forum_id=2#47618330) |
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Date: April 29th, 2024 2:02 PM Author: Appetizing business firm (http://www.autoadmit.com/thread.php?thread_id=5522695&forum_id=2#47618605) |
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Date: April 29th, 2024 2:28 PM Author: Mind-boggling Becky Tanning Salon In my view it's not these people that you need to worry about (they are spending plenty). The problem is the household that makes $300k with a bunch of kids. Let's say $75k to taxes, leaves $225k. This household is then living on $6k/month by not spending on anything. That's $72k, and saving/investing $153k. That's about a 50% savings rate. This couple is so up on self-deprivation though that they burn out or, worse, they try to "retire early" as if that will solve their problems or fulfill them.
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Date: April 29th, 2024 2:31 PM Author: Concupiscible aqua mad cow disease office just one child? (http://www.autoadmit.com/thread.php?thread_id=5522695&forum_id=2#47618670) |
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Date: April 29th, 2024 2:32 PM Author: Frozen cerebral stead Nobody on zozo thinks or has ever thought that a dual income $800k HHI with kids is "rich" (http://www.autoadmit.com/thread.php?thread_id=5522695&forum_id=2#47618675) |
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Date: April 29th, 2024 11:38 PM Author: purple house cr lol. “let’s say you suck dick at the bus station to make $50 a month. even then you’re STILL not rich.” yeah, no shit, op. |
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Date: April 30th, 2024 7:33 AM Author: wine gaped haunted graveyard (http://www.autoadmit.com/thread.php?thread_id=5522695&forum_id=2#47620689) |
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Date: April 29th, 2024 11:44 PM Author: Sienna Nursing Home People on Reddit think a $250k HHI is rich lol. (http://www.autoadmit.com/thread.php?thread_id=5522695&forum_id=2#47620425) |
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Date: April 30th, 2024 7:10 AM Author: house-broken stag film athletic conference In one thread they argued $100k in LA was rich (http://www.autoadmit.com/thread.php?thread_id=5522695&forum_id=2#47620684) |
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Date: April 29th, 2024 11:43 PM Author: flesh thriller coldplay fan 100%.
It's like when scalabrine said to some internet jerkoff who said he could beat him 1v1:
"I'm way closer to lebron than you are to me." |
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Date: April 30th, 2024 8:17 AM Author: sinister wrinkle Anyone that works is poor (http://www.autoadmit.com/thread.php?thread_id=5522695&forum_id=2#47620781) |