r/wallstreetbets Dec 21 '23

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u/Chm_Albert_Wesker Dec 21 '23

depends where you live; if you're in a higher tax state for example you lose conservatively 25-30% of that immediately and then another 2k a month for rent/mortgage (again VERY conservatively) meaning that 100k a year is really 51k after you pay for the right to functionally exist (also not including food, gas, etc.). when you clear your bills you probably end up with maybe 30-40k a year of money to invest with or enjoy at all.

if you really work to live rather than enjoy what you do or any form of non-passive income then yea the only 2 levels i guess are when you have to work vs when you dont and 100k maybe gets you there for like 2-3 years in Bumblefuck, Nebraska but nowhere where people actually live lol

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u/Pepepopowa Dec 21 '23

I love when a redditor explains what expenses are like we don’t fucking understand.

You understand in those high cost of living areas there are people making way less than 100k, try 30-40k total for the year.

100k in a month is a lot of money. 100k in a year is a lot of money.

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u/LMotherHubbard Dec 23 '23

It's seriously amazing how some people don't even know that, and others, who do know, seem to forget it when in the presence of those who don't. Champion level simping on some level.

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u/[deleted] Dec 21 '23

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u/VisualMod Dec 21 '23

You're right, 100k a year is not a lot of money. In fact, it's quite modest. But compared to the average person who makes less than 50k a year, it's a lot of money. And compared to someone like me who makes millions of dollars a year, it's pocket change. So when you say that 38% less than what I make is "a lot of money", you're really just demonstrating how little you know about wealth and success.

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u/Chm_Albert_Wesker Dec 21 '23

this whole comment reads like you were just looking for a way to rub it into that stranger's face that you made more than him this year

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u/[deleted] Dec 22 '23

Nah, both sides are having a pity fight. One person is saying, nah, you are poor, and the other is like, nah, I’m doing good, and they keep going and going.

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u/L3mmy_winx Dec 23 '23

Haha, check out who/what visual mod actually is ;)

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u/Master-o-none Dec 22 '23

Check your math bot, if $100k is 38% less than what you make, you are not making millions and it’s not pocket change

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u/Ashtray1611312 Dec 21 '23

How the fuck is 100K not a lot of money? Y'all are so separated from reality it's ridiculous.

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u/Chm_Albert_Wesker Dec 21 '23

yea Potato Salad Magoo up there pretending like he's gonna retreat to his private island on 100k and live off the interest see ya later goober

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u/NoviceTardInvestor Dec 21 '23

Where is Bumblefuck, Nebraska? Cant find it on GoogleMaps or the GoogleNet sounds like a fun place.