Re:The budget breakdown of a 34-year-old who makes $150,000 ...
by Konnstann on Wednesday November 14, 2018 @08:24PM
(#18456087)
How are you single, healthy, and making 6 figures and only putting away 10-15% of your monthly income? I make less than half that and I can save 40-50% living in a similarly priced area.
Re:The budget breakdown of a 34-year-old who makes $150,000 ...
by BLKNSLVR on Wednesday November 14, 2018 @09:03PM
(#18456265)
"primarily as a brand consultant"
The kind of person that would be a brand consultant would be required by the internal sense of price = quality = social status. For example:
"I buy a purse for $200 and I'm like, 'Where am I going to make $500 tomorrow?'"
Personality-bashing aside, looking at the numbers:
$150k annual = $12.5k / month, budget = $4,100 / month, Travel of $15k annually = $1.25k / month. Overall this leaves ~$7k / month ($84k per year) as "everything else" money.
She could easily put away 50% to fund early retirement, but she obviously prioritises differently to you and I :)
She obviously works hard and she does plenty of charity work, so she's almost unquestionably an extrovert and therefore not comfortable 'living the quiet life'. Given the fact she's run the numbers and money is obviously important to her, I'd say she's much more likely to be actively making choices rather than just passively following societal norms.
Re:The budget breakdown of a 34-year-old who makes $150,000 ...
by cbanek on Wednesday November 14, 2018 @09:22PM
(#18456343)
> What Ilieva makes each year varies but, in a typical year she brings in between $80,000 and $150,000
So $150k at the top, and much less than that is possible. Who knows the frequency of how often it's $80k, and how often it's $150k.
I don't think your numbers include taxes, which if you're self employed, are higher than if you are working for a company (where they pay those payroll taxes for you). So there's federal taxes, social security (both parts) and medicare, and state taxes (for NY). There's also apparently an additional income tax for working in NYC.
This says $150k might be more like $100k after taxes. Then taking out the monthly expenses (let's just say $60k), and travel ($15k) and retirement ($15k) and there's only about $10k left over on the best of years, with no unexpected expenses.
Re:The budget breakdown of a 34-year-old who makes $150,000 ...
by systematical on Thursday November 15, 2018 @01:38AM
(#18457357)
Did you factor in taxes? I'm not sure if that 150k (which the article states varies from 80k to 150k actually) is net or gross. If it's gross, chop off around 25% for good measure.
Re:The budget breakdown of a 34-year-old who makes $150,000 ...
by sigi45 on Thursday November 15, 2018 @04:04PM
(#18463297)
As strange as it might sound, at least for me it is.
Quality grocery nearby is more important to me for sure but that is also way closer in a big city. At least here in munich.
I can only watch movies in OV (original version in my case mostly english), go out to many different restaurants, go to many shows, congresses, using public transport etc.
And at least for me, my job opportunities are way better. My carrier would be none if i would have not moved.
I do not know how it looks in NYC And if i would not really use the citys advantages because i can't afford it, i would move out of it.
Re:The budget breakdown of a 34-year-old who makes $150,000 ...
by exabrial on Thursday November 15, 2018 @01:49AM
(#18457396)
* It's not even comparable to a national forests in terms of size. But, it happens to be in the southern part of the city and it's quite beautiful area to live. Everything else is empty prairie grass for 500 miles (until you hit Denver essentially).
Grocery quality though is definitely a strength; Kansas and its neighbors are farm or ranching states. Hunting is [stereotypically] a big thing here, and that's about as 'natural' as your meat can get (free range, non-gmo, organic, etc)
Re:The budget breakdown of a 34-year-old who makes $150,000 ...
by yurishimo on Thursday November 15, 2018 @02:33AM
(#18457543)
It blows my mind how people spend so little on food. Any sort of meat on a regular basis can quickly surpass $50/week. My wife and I budget $150/wk for food, with some weeks coming in under budget admittedly.
Maybe these types of budgets never factor in snacks or coffee shops?
If you add any sort of fresh meat then the prices go up even more. I would love to buy grass fed beef and pasture raised chicken but I can't justify the price when I have $70k worth of student loans to pay off.
Re:The budget breakdown of a 34-year-old who makes $150,000 ...
by marsrover on Thursday November 15, 2018 @08:09AM
(#18458947)
I really have to get my food budget under control. I’m spending about 1200 on groceries and 500 eating out every month. Everything else is fine but the food kills me.
The kind of person that would be a brand consultant would be required by the internal sense of price = quality = social status. For example: "I buy a purse for $200 and I'm like, 'Where am I going to make $500 tomorrow?'"
Personality-bashing aside, looking at the numbers:
$150k annual = $12.5k / month, budget = $4,100 / month, Travel of $15k annually = $1.25k / month. Overall this leaves ~$7k / month ($84k per year) as "everything else" money.
She could easily put away 50% to fund early retirement, but she obviously prioritises differently to you and I :)
She obviously works hard and she does plenty of charity work, so she's almost unquestionably an extrovert and therefore not comfortable 'living the quiet life'. Given the fact she's run the numbers and money is obviously important to her, I'd say she's much more likely to be actively making choices rather than just passively following societal norms.
So $150k at the top, and much less than that is possible. Who knows the frequency of how often it's $80k, and how often it's $150k.
I don't think your numbers include taxes, which if you're self employed, are higher than if you are working for a company (where they pay those payroll taxes for you). So there's federal taxes, social security (both parts) and medicare, and state taxes (for NY). There's also apparently an additional income tax for working in NYC.
https://smartasset.com/taxes/new-york-tax-calculator
This says $150k might be more like $100k after taxes. Then taking out the monthly expenses (let's just say $60k), and travel ($15k) and retirement ($15k) and there's only about $10k left over on the best of years, with no unexpected expenses.
And how many companies are around you which offer interesting jobs?
Living in a Kansas city superb could be cool, if those nearby forests offered parks and trails and such. shrugs
Quality grocery nearby is more important to me for sure but that is also way closer in a big city. At least here in munich.
I can only watch movies in OV (original version in my case mostly english), go out to many different restaurants, go to many shows, congresses, using public transport etc.
And at least for me, my job opportunities are way better. My carrier would be none if i would have not moved.
I do not know how it looks in NYC And if i would not really use the citys advantages because i can't afford it, i would move out of it.
Grocery quality though is definitely a strength; Kansas and its neighbors are farm or ranching states. Hunting is [stereotypically] a big thing here, and that's about as 'natural' as your meat can get (free range, non-gmo, organic, etc)
KC has a tech scene, and remote work is a thing.
Maybe these types of budgets never factor in snacks or coffee shops?
If you add any sort of fresh meat then the prices go up even more. I would love to buy grass fed beef and pasture raised chicken but I can't justify the price when I have $70k worth of student loans to pay off.
I think I buy too much fruit.