4 ms·
>$10k is nothing if you making half a million dollars a year and have $200k in credit with no balance, because your disposable income is probably $400-450k/yr.
by siftrics 3y ago
>$10k is nothing if you making half a million dollars a year and have $200k in credit with no balance, because your disposable income is probably $400-450k/yr.
You must mean half a million after taxes.
- deleted 3y ago[deleted]
- ang_cire 3y agoPeople have no clue how much tax cuts out at higher income rates.
- quickthrower2 3y agoAnd food, mortgage or rent, utilities, …
- Firmwarrior 3y agoMan, this thread is a mess There are a lot of people on this very site making 500k+ pre-tax. You're going to be taking home 300ish after taxes in that case, and it's not entirely unreasonable to "only" have 150ish for savings/investments/disposable income after your housing and living costs are taken out of that If someone has $12k+ to spend per month and won't spend $10k to save their pet's life, they're an asshole IMO
- hotpotamus 3y agoI agree that people complaining about the higher tax brackets are oblivious at best, but I'll add that there's no income test to post here. I feel like I do OK (especially given that I have a job that doesn't require the sale of my soul), but it's far from 500K lol.
- Firmwarrior 3y agoYou should go get that money, dude. Life's too short to waste it all working Pick a FAANG you don't feel too bad about, hit the LeetCode hard for a few months, then go work there for 5 years. You can save up $750k+, which is enough to leave Silicon Valley and eke out a barebones retirement somewhere in the real world (~$30k/year at a 4% safe withdrawal rate)
- ang_cire 3y ago> hit the LeetCode hard for a few months, then go work there for 5 years lmao