Richest forum members?
- Thread starter TheDude1
- Start date
I’ve got an Epic and like it (love the shaft). I absolutely love this Rogue 3 wood I have though. However, I know the 3 wood was a major upgrade because of the jailbreak being in them for the first time.
If they have no kids I would. Median household income is roughly 50k. They have two individuals making north of the median household income.
The catch is, being “upper class” isn’t the same as being wealthy. Being upper class is a function of standard deviations away from the median. “Wealthy” (as in you can basically lead a luxurious life just by letting your assets do the cash flow for you) is in the upper extreme of the upper class.
Well said. We only buy stuff (besides our house) if we have the cash to pay for it. We just use a credit card as the method of payment for the perks.
Do you think you could buckle down and pay it off in 18 months? If so, I’d get a non-annual fee CC that is offering 18-months interest free and just play through it in 15-16 months.
I had to remove some trees (fallen and in-ground) from around my house after Hurricane Hermine ripped through Tally. Between that and fixing the fence, it was about $6k. I could have paid it all at once with savings but would rather let that money continue to make money.
So I went to Wells Fargo (where I bank) and got a simple CC with no interest and paid it off over 12 months.
True i just don’t think making 100k is the bench mark it once was, especially for two people. I look at my group of friends and the majority would fall into that “upper class” listed above but most live in a modest 3-4BR 2-3BA home with CC dept and vacation to Florida/Carolinas.
I think if anything we have developed what you could call an upper middle class. You essentially have upper middle and lower middle.
Where in rural eastern NC you from? All my kin is from Ahoskie and Windsor , NC. Hertford and Bertie Counties.
This is exactly what we are seeing currently. Although spending is up, so is borrowing for most folks. Although that stokes the economy, and helps business grow, creating jobs etc...it’s a dangerous trend.
Money goes to the parish and diocese. The priests are poor.. You’re basically paying to be a part of a community.
When I graduated and started my first job out of school I worked with an older guy on our team who had four kids. At lunch one day a co-workers, also freshly out of college asked him how he could afford four kids. That was 30+ years ago and I've never forgotten his response. He said: Have one kid, have 10 kids. It costs the same, all of your money. So have however many kids works for you. He was absolutely right. We've got four kids, three of which are in college right now. The cash flow out is at an all time high right now but it is hard to imagine our family any other way.
I'm hoping to eventually be in a place where my wife can start an at home daycare because that's where the money is for her. Outside of that possibility, my income will be 70%+ of what we make. Like I said earlier, unless I get considerably better at investing, an upper class lifestyle is not in the cards.
Your first step is winning the board fantasy league
100k for two people (in average CoL city), I would agree is not quite upper class. It's upper middle.
But the original example you gave was a guy making mid-80s and a girl making at least 50k. That's minimum 130k, maybe more. For two people, that's upper class. It's not very far into the upper class, but it seems like a clear cut difference from $100k.
That extra $30-35k a year means vacationing in Europe in the summer, Vail in the winter, and still stashing away another $10-15k per year in investments. Multiply that by 15 years and you have an extra $150-300k in baseline assets, all of which could have appreciated over time.
(Incidentally, what I described above is basically my wife and me, although she made more than $50k. And it's why we are having a very hard time with the decision to have a kid or not. Would really put a dent in our early retirement plans...)
Oh. So like sororities/frats for adults, but with less public displays of permiscuity?
NVDA, LITE, BIP, V, SQ, GOOG, AMZN, MTN, SHOP, MKL, BRK.b.
Your investing should now be fine for the next decade.
Do not file a claim. Take the 4% and do whatever you want with your house. That’s free money. Close in that back porch, put in a hot tub, build out the dildo shrine. Whatever you want with that rate.
Right. That’s the point I’ve been trying to make. The middle class is shrinking/getting weakare. You’re finally coming around.
Ayden, NC.
QUOTE="UNC71-00, post: 25488535, member: 2916"]Do I understand correctly that according to this thread, upper class is over $126K?[/QUOTE]
Yes
Well I'm a third year teacher with a bachelor's degree in Fairfax County, Virginia. If anyone is bored enough to look it up you can find my salary online, it's public info.
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Too easy.
Gotta be a trap . . .
.
As soon as I typed it I realized it. Just didn't care enough to edit tbh. I'm surprised it took so long.
I'm surprised it took so long.
RollLaugh I thought the board was slipping.
If not for the fact my phone screen is cracked, making it very hard to type responses, I would have been all over his shaft...... comment.
My guess is that most people can guess... not a lot?
Living in NY, it always kind of surprises me when teachers and/or police officers complain about their salary because I know what they make in NY and it's a very good starting wage for dudes straight out of college/the academy. I forget that other states don't prioritize that stuff as much.
I live in Great Falls, neighbor.
My guess is that most people can guess... not a lot?
Higher than most teacher’s salaries
Mine, with 20 years experience and a MA, is around 62. That is before all the stuff that comes out. I clear a bit less than 4 a month. That isn't upper class living but isn't terrible either considering I get almost two months off in the summer and really good work hours. I could have chosen a job for money, sometimes (seldom really) wish I would have, but chose a job with good hours and good benefits and that I knew would keep me in my hometown, which is a place I love. I don't complain because I chose this life over others I could have chosen.
Got any clubs you would wanna give your ole buddy? After all I am one of the poorest members here
Got any clubs you would wanna give your ole buddy? After all I am one of the poorest members here
Yeah, I have a crapload of clubs my uncle got out of a PIAS dumpster. Not sure why he thought I would want them. I use them to practice swing with while I'm grilling. There is an old Bertha (actually has a Proforce 75 gold shaft, which was solid back in the day) and crap like that. If you don't mind marks from rocks and concrete they are perfect.
I’ll try. My wife and I make about 150K combined. We pay off all our credit cards in time. We built a $350K house (2300 sq ft) a couple years ago. We have two kids (8 and 6). We went to Red Rocks for a concert this summer, Pearl Jam at Wrigley (twice), and still have Mumford and Sons in the NOLA this October. We were in Destin for a week this summer also. My kids about to play travel ball and we have no issue dropping the $300 player fees. Etc etc etc.
Now, we live in a small town (15K) outside Peoria, IL (100K), but it’s a great community, probably about as good as it gets honestly (as far as small towns go).
Anyway, you’re painting a picture that just isn’t true. My kids want for nothing, honestly. And they’ve done nothing but make me realize the first 34 years of my life didn’t really mean shit. Kids change it all. For the better.
The middle class is pretty damn strong here. Jussayin.
State. I've had a few friends get teaching degrees and land jobs in the Central New York region. They do well, imo. Starting out of college with a salary north of $45k (might be higher now) is solid.
Ah. See, I don’t see that as that great of a starting salary, all things considered. Now, I did work in a field before teaching, and my peer group might mess up my understanding of salary, but...
My frame of reference is from the accounting/cpa field. A kid straight out of grad school who lands a job as a cpa is looking at about $50k starting off. Similar education requirements, similar pay, and junior accountants tend to work more hours.
That’s great but you’re making my point again. You identify as middle class, but financially demographics put you in the upper class. You might not feel like it, but relative to the average incomes across the country, you are upper class.
Is the middle class too narrowly defined?
Shouldn’t it be 1/3, 1/3, 1/3? Then study the range within each group?
(That may be how it is done now. Not sure what stats are being used and I ain’t readin this whole thread checking to see if any link poasted)
I posted a link and it varies a bit based on definition the middle class covers ranges from a household income of around $40k-$126k. That is roughly 1/2 of all Americans. The lower and upper classes make up the rest. Median household income is right around $59k.
Everyone keeps saying they are middle class and doing fine. But in reality, their $100k+ household is almost double the National average. Which supports my contention that the Middle Class is in trouble.
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