4 ms·
I know a dude who makes $800k/yr and still lives paycheck to paycheck. Lack of savings is not necessarily caused by lower income. People tend to shovel money ou
by 0xbear 9y ago
I know a dude who makes $800k/yr and still lives paycheck to paycheck. Lack of savings is not necessarily caused by lower income. People tend to shovel money out the door as quickly as it comes in.
- adrianN 9y agoWow, I wouldn't even know how to spend that much. If I made that much I'd retire after two or three years.
- 0xbear 9y agoLots of travel to exotic destinations, huge house in an expensive neighborhood, fancy car upgrade every couple of years, huge tax bill. All gone.
- Mz 9y agoMaybe. Or maybe not. I read a great article at some point that advised people who wanted to be writers to just go do that while they were young and poor and not wait until they had saved up money to finance it. Because the reality is that once you have the fancy high paid job and the fancy house, car and clothes that not only go with it but are essentially required, the amount you thought you needed changes. For certain jobs, expensive suits and other things you might think are frivolous luxuries are nearly impossible to do your job without. It can be nigh impossible to unhook your income from this treadmill where the faster you run, the further behind you fall in certain metrics. Millionaires are sometimes like the guy who needed the cart to carry cart repair supplies: Once you are rich and famous, now you need that mansion, not for the space or prestige but for security purposes, and you may also need a bodyguard, a bullet proof limo, etc.
- discordance 9y agoGolden handcuffs
- woodpanel 9y agoOn Topic: is the house paid, rented or is he paying off a mortgage? :-)
- 0xbear 9y agoRented. He used to pay mortgage but felt too "tied down" and sold the house.
- aceon48 9y agoWhat does he do to make that kind of money?
- 0xbear 9y agoManages about 20 people.
- codingmyway 9y agoHalf expected he answer to be 'owns 20 other houses'