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  Topic Review (Newest First)
11-22-2012 12:46 PM
GuppyCaptain
Quote:
Originally Posted by Notorious View Post
How dare I enjoy the fruits of my labor before I make sure every freeloader in America has taken my money?

I'm such a bastard.
You ARE a bastard and should be ashamed of yourself. Capitalist pig
11-22-2012 12:00 PM
Notorious
Quote:
Originally Posted by GuppyCaptain View Post
AND you drive an exotic! The nerve......
How dare I enjoy the fruits of my labor before I make sure every freeloader in America has taken my money?

I'm such a bastard.
11-21-2012 10:33 AM
robains Not trying to generate fear, but this web site is NOT using secure data packets (it's not HTTPS) so it wouldn't take much effort to have matched up those that vote'd on this ... just sayin'

I'm not really sure of the purpose of this survey ... I can understand why site vendors would be interested in this data and other's looking at the potential to sell services and/or parts, but what are you trying to "understand" here?

Rob
11-21-2012 08:35 AM
SwingLo
Quote:
Originally Posted by Bane View Post
Well they did receive a huge insurance settlement from something that happened in the past... but I know for a fact they have loans out on at least four of the vehicles. I would consider the bank they are going to to be predatory lenders.

Doing the math... $100k income = $5k/month max (with no retirement)

House = $1800, F-car (355 for $46k) = $800, Vette = $600, Truck = $400, Abarth = $300, Total = $3900. They still have $1100/month to buy another car!

The weird thing is that the wife has a smug attitude toward their toys. She'll say stuff like: "Mine, not yours " regarding the 355. My heart sinks every time I look at their massive fleet of cars. I see worry, debt, and a degraded way of life in the future, not happiness.
Not to mention:

- Property Taxes
- Utilities/home maintenance/homeowner's insurance
- Homes = sh*t breaks. Broken sh*t costs money
- Car insurance has to be a huge nut for all those cars
- Car maintenance. Hell, the 355 is probably $5K alone in operating costs

From what I see, they are in negative cash flow. Not only no money for savings, etc, but no money to pay credit cards. Like many Americans, I'm guessing they have a bunch of max'd out cards and store cards.
11-21-2012 08:23 AM
manshoon11 Swing. ARM's adjust up or down. I wish I got an arm and I would be ecstatic when it adjusted (now).



Following conventional wisdom has costed me ten's of thousands of dollars several times over my 8 years of adulthood so far. I don't consider it detrimental anymore though. It has caused me to wake up and think for myself. I will be incalculably better off in the future now due to learning from past mistakes. I swear I feel like Neo when he starts seeing the matrix for what it is.

People of all income levels need to be aware, especially high income earners as they typically have more capital at risk.
11-21-2012 08:05 AM
GuppyCaptain
Quote:
Originally Posted by Notorious View Post
I did the math, yes, I know I will be spreading a lot of my wealth... even though I am a solid middle class citizen, but hey, I must be evil because I make more than someone who doesn't work at all. Go figure.
AND you drive an exotic! The nerve......
11-21-2012 08:03 AM
Notorious
Quote:
Originally Posted by GuppyCaptain View Post
Hey, look on the bright side........you're about to take home even less
I did the math, yes, I know I will be spreading a lot of my wealth... even though I am a solid middle class citizen, but hey, I must be evil because I make more than someone who doesn't work at all. Go figure.
11-21-2012 08:03 AM
manshoon11 Hibggg
11-21-2012 07:59 AM
GuppyCaptain
Quote:
Originally Posted by Notorious View Post
After all is said and done, I think I am netting around that too... closer to 65% after all the federal/state deductions, voluntary contributions, insurance deductions, retirement contributions (7%), etc., but I have a lot of stuff to deduct on my tax bill.
Hey, look on the bright side........you're about to take home even less
11-21-2012 07:55 AM
Notorious
Quote:
Originally Posted by GuppyCaptain View Post
Yup. Between insurance, 401K contribution (which I max at the yearly allowance), mutual aid, TAXES, and such, I think I net about 56% of my gross.
After all is said and done, I think I am netting around that too... closer to 65% after all the federal/state deductions, voluntary contributions, insurance deductions, retirement contributions (7%), etc., but I have a lot of stuff to deduct on my tax bill.
11-21-2012 07:51 AM
Notorious
Quote:
Originally Posted by Bane View Post
Well they did receive a huge insurance settlement from something that happened in the past... but I know for a fact they have loans out on at least four of the vehicles. I would consider the bank they are going to to be predatory lenders.

Doing the math... $100k income = $5k/month max (with no retirement)

House = $1800, F-car (355 for $46k) = $800, Vette = $600, Truck = $400, Abarth = $300, Total = $3900. They still have $1100/month to buy another car!

The weird thing is that the wife has a smug attitude toward their toys. She'll say stuff like: "Mine, not yours " regarding the 355. My heart sinks every time I look at their massive fleet of cars. I see worry, debt, and a degraded way of life in the future, not happiness.
The insurance, cell phone bill, cable, groceries, and other small stuff will eat up the rest of their monthly income in no time. Amazing how the small stuff will add up to take a huge chunk out of your income every month.

At least I don't have a coffee habit... but I guess my cigarettes do cost me about $400/year but that is really nothing in the scheme of things when one little stupid part on the car will be $600 before shipping and tax.

As for the bank being predatory... nah... they aren't predatory, nobody put a gun to your neighbor's head to sign on the line for all the toys. He's a big boy, he can take responsibility for his own choices.
11-21-2012 07:50 AM
GuppyCaptain
Quote:
Originally Posted by good2go View Post
The question is not really how much do you earn a year but how much do you actually bring home a year? There's a great disparity, especially for me. After tax, medical/dental, life insurance, retirement, deferred comp., union dues, and other deductions, my net income is barely half of my gross income. We live on net, not gross. Funny how the banks qualify people based on gross, not net. All of these even before the monthly living expenses are considered. So, $100K+ is not what it seems. However, I feel extremely humbled and fortunate considering a lot of folks out there have to do more wih much less. It's all relative.
Yup. Between insurance, 401K contribution (which I max at the yearly allowance), mutual aid, TAXES, and such, I think I net about 56% of my gross.
11-21-2012 07:45 AM
Bane
Quote:
Originally Posted by SwingLo View Post
This doesn't really add up for me. A combined household income of $100K - how are they getting financing for this stuff? There's no way they are paying cash. When you say 'Ferrari' - well, it could be a used 308 for $28K or a new 458 for $275K, so big difference...
Well they did receive a huge insurance settlement from something that happened in the past... but I know for a fact they have loans out on at least four of the vehicles. I would consider the bank they are going to to be predatory lenders.

Doing the math... $100k income = $5k/month max (with no retirement)

House = $1800, F-car (355 for $46k) = $800, Vette = $600, Truck = $400, Abarth = $300, Total = $3900. They still have $1100/month to buy another car!

The weird thing is that the wife has a smug attitude toward their toys. She'll say stuff like: "Mine, not yours " regarding the 355. My heart sinks every time I look at their massive fleet of cars. I see worry, debt, and a degraded way of life in the future, not happiness.
11-21-2012 05:50 AM
Doge
Quote:
Originally Posted by GuppyCaptain View Post
Don't phucking remind me about the socialism that cometh. I'll gladly give you $744.68 for your new Evora, but I will NOT happily subsidize socialism. Btw, check your PayPal account
add me in on that funding!
11-21-2012 05:47 AM
good2go The question is not really how much do you earn a year but how much do you actually bring home a year? There's a great disparity, especially for me. After tax, medical/dental, life insurance, retirement, deferred comp., union dues, and other deductions, my net income is barely half of my gross income. We live on net, not gross. Funny how the banks qualify people based on gross, not net. All of these even before the monthly living expenses are considered. So, $100K+ is not what it seems. However, I feel extremely humbled and fortunate considering a lot of folks out there have to do more wih much less. It's all relative.
11-21-2012 05:04 AM
SwingLo Another thing I notice is that there are a few people who make between 0-$25K who own Eliges.

Sorry, but that's insane. Assume the car was $25-30K. Buying a car that is effectively MORE than your annual salary is just silly. It's hard to pay ANY bills at $20K a year, let alone for a car like this. Not to mention that people at that income level are most likely very young and are carrying VERY high insurance premiums - so a good chunk of that $20K is going to just insurance.

There's a time and place for everything. If you are making $20K a year, then owning an Elige is just silly.
11-21-2012 04:53 AM
SwingLo
Quote:
Originally Posted by Bane View Post
Yep. Our friends live up the street from us and combined they probably make what I do by myself ($100k/year). They have a Ferrari, a Z06, new Fiat Abarth, a boat, 2 jetskis, 2 dirt bikes, 2 quads, an R1, a Ducati 1098, and several other cars. Their mortgage is almost 2x what ours is yet they somehow still keep it together. The husband absolutely refuses to have kids because he knows how expensive they are. This is causing much angst with the wife which is kind of sad...

Pick and choose what you want to spend your resources on.
This doesn't really add up for me. A combined household income of $100K - how are they getting financing for this stuff? There's no way they are paying cash. When you say 'Ferrari' - well, it could be a used 308 for $28K or a new 458 for $275K, so big difference.

That being said, I'm doubting they are 'keeping it together'. More than likely their debt to income ration is horrific and they have multiple credit cards with high balances that they are paying the monthly minimum on.

That's the beauty of what I do. Being in enterprise software sales, I do very very well. What's also nice is that there's no top end to what I can do. The more I sell, the more I make. Now, there's the pressure of inconsistency and a lack of security, but the payoff is there. For example, one big deal that pops up and closes in 3 months can me a huge inflow of cash. That can mean buying a sports car (like I did), or a second home, or to investment strategy or to kid's college funds, mortgage paydown, whatever.

I marvel at the people who make X salary, but then get on a special project and they are working 14 hour days. My best friend is in IT and that's his life. Doing a big SAP implementation and he's working insane hours. Working through this weekend (and many weekends) and probably lots of holidays and very late hours. Sure, he might get a Scooby Snack, but he'll make the same salary as if he worked 9-5. That's why I love the variable compensation aspect of my profession. The beauty is that my base salary alone is high enough before I sell dollar one.
11-20-2012 10:28 PM
Notorious
Quote:
Originally Posted by Bane View Post
Yep. Our friends live up the street from us and combined they probably make what I do by myself ($100k/year). They have a Ferrari, a Z06, new Fiat Abarth, a boat, 2 jetskis, 2 dirt bikes, 2 quads, an R1, a Ducati 1098, and several other cars. Their mortgage is almost 2x what ours is yet they somehow still keep it together. The husband absolutely refuses to have kids because he knows how expensive they are. This is causing much angst with the wife which is kind of sad...

Pick and choose what you want to spend your resources on.
You're my neighbor?

Quote:
Originally Posted by RENDERMAN View Post
I suck at math but but my numbers tell me there are 94 people on here who make more than $100K a year, so under the new tax code and in order to narrow the gap between the rich and poor each one of you has to dish out $744.68 so i can finally purchase an Evora and thus fulfill Obama's promise. You can may send payment to my PayPal account =RENDERMAN4OBAMA@lotustalk.com and we thank you for your support!!
Don't forget where some of us live... with the cost of living in L.A., I am making the equivalent of about half of what you make, so you have to give me exactly $23,750.46 to make it fair... and also buy me a nice spec Miata for next season.
11-20-2012 09:22 PM
GuppyCaptain
Quote:
Originally Posted by RENDERMAN View Post
I suck at math but but my numbers tell me there are 94 people on here who make more than $100K a year, so under the new tax code and in order to narrow the gap between the rich and poor each one of you has to dish out $744.68 so i can finally purchase an Evora and thus fulfill Obama's promise. You can may send payment to my PayPal account =RENDERMAN4OBAMA@lotustalk.com and we thank you for your support!!
Don't phucking remind me about the socialism that cometh. I'll gladly give you $744.68 for your new Evora, but I will NOT happily subsidize socialism. Btw, check your PayPal account
11-20-2012 07:18 PM
RENDERMAN I suck at math but but my numbers tell me there are 94 people on here who make more than $100K a year, so under the new tax code and in order to narrow the gap between the rich and poor each one of you has to dish out $744.68 so i can finally purchase an Evora and thus fulfill Obama's promise. You can may send payment to my PayPal account =RENDERMAN4OBAMA@lotustalk.com and we thank you for your support!!
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