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I make around $10k a week and still feel broke…

 
Anonymous Coward
User ID: 84209669
United States
01/27/2024 07:08 AM
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I make around $10k a week and still feel broke…
Yes boo hoo but it’s the truth. Tax man takes close to 50% off the top, as I’m self employed and live in a high tax state (can’t move business is here).

So I have around 4-5k a week. 1k goes to retirement bc that’s one of my only deductions. It’s $69k this year I’m allowed to put into my Ira. So actually a little over $1300/week to that.

3500 left. utilities and housing related expenses are 1500/week

2000 left. Food is $500 for 4 people.

1500 left. 2 cars gas maintenance insurance etc is close to $500/week

1000 left for anything less that pops up.

Before Covid I had so much more money left over and was also making more like 15k a week. My industry got crushed during Covid and hasn’t gotten back to normal yet. Before I felt very blessed now I barely feel middle class. Sure I’m able to save a lot in my retirement account but there’s very little other savings I have now. Just crazy that someone with a wife and 2 small children doesn’t feel wealthy here making $500k a year. I couldn’t imagine making the national average of 75-100k or so for a household. My wife will be returning to work in 2 years so that will def take some of the pressure off.
Anonymous Coward
User ID: 84873481
United States
01/27/2024 07:12 AM
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Re: I make around $10k a week and still feel broke…
and u will never escape yaldabaoth satan and his archons
Anonymous Coward
User ID: 86487413
United States
01/27/2024 07:14 AM
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Re: I make around $10k a week and still feel broke…
Get a Tax Advisor so you aren't paying so much in. You'll get your problem solved fast. You need to keep more of what you earn.
Anonymous Coward
User ID: 85342120
United States
01/27/2024 07:16 AM
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Re: I make around $10k a week and still feel broke…
oh i know


sportsbetting used to be easy to live off of when dollars actually bought shit

but the same 1k - 4k limits just isn't gonna get it done youd spend all goddamn day getting the money down instead of studying
Anonymous Coward
User ID: 84190413
United States
01/27/2024 07:16 AM
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Re: I make around $10k a week and still feel broke…
and u will never escape yaldabaoth satan and his archons
Brown Star Kachina

User ID: 86529310
United States
01/27/2024 07:17 AM

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Re: I make around $10k a week and still feel broke…
2 cars gas maintenance insurance etc is close to $500/week

 Quoting: Anonymous Coward 84209669


How are you spending $2k/month on cars? Is your driving record shit so most of that goes towards insurance, or did you pay the dealer markups on a Bronco or Raptor?
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Anonymous Coward
User ID: 85336568
United States
01/27/2024 07:20 AM
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Re: I make around $10k a week and still feel broke…
2 cars gas maintenance insurance etc is close to $500/week

 Quoting: Anonymous Coward 84209669


How are you spending $2k/month on cars? Is your driving record shit so most of that goes towards insurance, or did you pay the dealer markups on a Bronco or Raptor?
 Quoting: Brown Star Kachina


kia's now cost 30k

when i was a kid they were like 4900
not now

User ID: 86776059
United States
01/27/2024 07:20 AM

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Re: I make around $10k a week and still feel broke…
bsflag fake story
not now.
catbutton

Trump 2024
Anonymous
User ID: 86776976
United States
01/27/2024 07:21 AM
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Re: I make around $10k a week and still feel broke…
Wow
Anonymous Coward
User ID: 85333181
United States
01/27/2024 07:21 AM
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Re: I make around $10k a week and still feel broke…
bsflag fake story
 Quoting: not now


the hell it is, i believe it

if you ever owned a house much less had a fageaut family to support i'd feel broke with anything less than 40 million dollars
Anonymous Coward
User ID: 83784540
United States
01/27/2024 07:22 AM
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Re: I make around $10k a week and still feel broke…
I take home $800 a week and feel like putting a bullet in my brain.
Anonymous Coward
User ID: 85541500
Germany
01/27/2024 07:23 AM
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Re: I make around $10k a week and still feel broke…
bsflag fake story
 Quoting: not now


the hell it is, i believe it

if you ever owned a house much less had a fageaut family to support i'd feel broke with anything less than 40 million dollars
 Quoting: Anonymous Coward 85333181


hesright
Anonymous Coward
User ID: 84865460
United States
01/27/2024 07:23 AM
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Re: I make around $10k a week and still feel broke…
2 cars gas maintenance insurance etc is close to $500/week

 Quoting: Anonymous Coward 84209669


How are you spending $2k/month on cars? Is your driving record shit so most of that goes towards insurance, or did you pay the dealer markups on a Bronco or Raptor?
 Quoting: Brown Star Kachina


And 6k a month on rent/mrtg? You are living beyond your means. Go get yourself a rental for 2500 or sell the house cause you cant afford it either way

And 69k a year on retirement?

Ffs you are spending money in ALL the wrong places. Your might as well just light your money on fire and then claim you are struggling
not now

User ID: 86776059
United States
01/27/2024 07:23 AM

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Re: I make around $10k a week and still feel broke…
bsflag fake story
 Quoting: not now


the hell it is, i believe it

if you ever owned a house much less had a fageaut family to support i'd feel broke with anything less than 40 million dollars
 Quoting: Anonymous Coward 85333181


I own three houses and still pay less than this bullshit story
not now.
catbutton

Trump 2024
Anonymous Coward
User ID: 32534518
United States
01/27/2024 07:24 AM
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Re: I make around $10k a week and still feel broke…
I wouldn't even know how to spend 1,000 week on extra crap.

I mean how many lcd tvs or new pants can you buy lol
Brown Star Kachina

User ID: 86529310
United States
01/27/2024 07:25 AM

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Re: I make around $10k a week and still feel broke…
2 cars gas maintenance insurance etc is close to $500/week

 Quoting: Anonymous Coward 84209669


How are you spending $2k/month on cars? Is your driving record shit so most of that goes towards insurance, or did you pay the dealer markups on a Bronco or Raptor?
 Quoting: Brown Star Kachina


kia's now cost 30k

when i was a kid they were like 4900
 Quoting: Anonymous Coward 85336568


So buy used?
Interactive dashboards:

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Anonymous Coward
User ID: 85333781
United States
01/27/2024 07:25 AM
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Re: I make around $10k a week and still feel broke…
I take home $800 a week and feel like putting a bullet in my brain.
 Quoting: Anonymous Coward 83784540


i did the calculus and i always come back to just picking your favorite fast food place to work at so you can make your own food how you want it for free at least and not have much responsibilities. im sure you could learn all the side hustles there too kind of like being in prison
Anonymous Coward (OP)
User ID: 84209669
United States
01/27/2024 07:27 AM
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Re: I make around $10k a week and still feel broke…
2 cars gas maintenance insurance etc is close to $500/week

 Quoting: Anonymous Coward 84209669


How are you spending $2k/month on cars? Is your driving record shit so most of that goes towards insurance, or did you pay the dealer markups on a Bronco or Raptor?
 Quoting: Brown Star Kachina


Insurance is high here. I bought a new truck 2 years ago. That was 65k. That’s a g a month. My wife has an suv that was a little less. Insurance and gas is very high here (Cali). I need reliable vehicles and used wouldn’t really save me much as my interest rate on the cars are under 2%.
Anonymous Coward
User ID: 86329656
Netherlands
01/27/2024 07:28 AM
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Re: I make around $10k a week and still feel broke…
Hive it all to Claus Schwab and feel happy..
Anonymous Coward
User ID: 85334084
United States
01/27/2024 07:28 AM
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Re: I make around $10k a week and still feel broke…
bsflag fake story
 Quoting: not now


the hell it is, i believe it

if you ever owned a house much less had a fageaut family to support i'd feel broke with anything less than 40 million dollars
 Quoting: Anonymous Coward 85333181


hesright
 Quoting: Anonymous Coward 85541500


speaking of this

one of my friends from college way back went back to school for anesthesiology and is now making 300k a year

AND HE IS BROKE......

i think he got divorced, has kids, lives in california

so the whole shebang

makes 300k a year and dead broke lol...(i can laugh because you still cant feel sorry for anyone making 300k)
Anonymous Coward
User ID: 72712699
United States
01/27/2024 07:28 AM
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Re: I make around $10k a week and still feel broke…
I take home $800 a week and feel like putting a bullet in my brain.
 Quoting: Anonymous Coward 83784540


I make $750 and work my ass off. Could be worse man much worse.

Shit still sucks I agree dude.
Anonymous Coward (OP)
User ID: 84209669
United States
01/27/2024 07:29 AM
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Re: I make around $10k a week and still feel broke…
2 cars gas maintenance insurance etc is close to $500/week

 Quoting: Anonymous Coward 84209669


How are you spending $2k/month on cars? Is your driving record shit so most of that goes towards insurance, or did you pay the dealer markups on a Bronco or Raptor?
 Quoting: Brown Star Kachina


And 6k a month on rent/mrtg? You are living beyond your means. Go get yourself a rental for 2500 or sell the house cause you cant afford it either way

And 69k a year on retirement?

Ffs you are spending money in ALL the wrong places. Your might as well just light your money on fire and then claim you are struggling
 Quoting: Anonymous Coward 84865460


I live in a 4br 2.5 bath 2500 sq fr very average house that needs work. As I said we live in a very expensive area. I could maybe rent a 3br apartment for 4k. So yeah this is the price I have to pay to live here and make my salary.
Anonymous Coward
User ID: 64683196
United Kingdom
01/27/2024 07:30 AM
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Re: I make around $10k a week and still feel broke…
I have to live on less than 10 k a year in the UK but I get by ,with that kind of money in Europe you would be a king .

You never will see that retirement money ? Everything is going to crash and burn just Like,it did for us brits when we were the world's reserve currency and it was 20 to 25 bucks to the £ .

Prepare accordingly especially with children?
Anonymous Coward
User ID: 86444250
United States
01/27/2024 07:30 AM
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Re: I make around $10k a week and still feel broke…
bsflag fake story
 Quoting: not now


the hell it is, i believe it

if you ever owned a house much less had a fageaut family to support i'd feel broke with anything less than 40 million dollars
 Quoting: Anonymous Coward 85333181


hesright
 Quoting: Anonymous Coward 85541500


speaking of this

one of my friends from college way back went back to school for anesthesiology and is now making 300k a year

AND HE IS BROKE......

i think he got divorced, has kids, lives in california

so the whole shebang

makes 300k a year and dead broke lol...(i can laugh because you still cant feel sorry for anyone making 300k)
 Quoting: Anonymous Coward 85334084


I could see that, cost of living is high in California. You add a couple college-aged kids and a greedy ex-wife and that won't go very far.
Anonymous Coward (OP)
User ID: 84209669
United States
01/27/2024 07:31 AM
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Re: I make around $10k a week and still feel broke…
I wouldn't even know how to spend 1,000 week on extra crap.

I mean how many lcd tvs or new pants can you buy lol
 Quoting: Anonymous Coward 32534518


Children entertainment consisting of a couple date nights a month. Clothes etc. I don’t spend the full 1k a week some does get saved. Point is it’s not that much.
Brown Star Kachina

User ID: 86529310
United States
01/27/2024 07:31 AM

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Re: I make around $10k a week and still feel broke…
2 cars gas maintenance insurance etc is close to $500/week

 Quoting: Anonymous Coward 84209669


How are you spending $2k/month on cars? Is your driving record shit so most of that goes towards insurance, or did you pay the dealer markups on a Bronco or Raptor?
 Quoting: Brown Star Kachina


Insurance is high here. I bought a new truck 2 years ago. That was 65k. That’s a g a month. My wife has an suv that was a little less. Insurance and gas is very high here (Cali). I need reliable vehicles and used wouldn’t really save me much as my interest rate on the cars are under 2%.
 Quoting: Anonymous Coward 84209669


Ah that explains it then.
Interactive dashboards:

Bigfoot sightings: [link to public.tableau.com (secure)]

UFO sightings: [link to public.tableau.com (secure)]
Anonymous Coward
User ID: 86190551
Australia
01/27/2024 07:32 AM
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Re: I make around $10k a week and still feel broke…
every class is overtaxed. fund the essentials, but first you must decide what is essential and leave the vanity projects when you can balance them. cost/benefit ratio serves the economy well. this should apply to overpromising governments. and the ilk that is subservient to oversupply governments.
Anonymous Coward (OP)
User ID: 84209669
United States
01/27/2024 07:32 AM
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Re: I make around $10k a week and still feel broke…
I left out $250/week for student loans as well…1k a month for me and the wife.

She makes 100k when she works. Since she’s in my tax bracket she would keep around 50-60. Childcare for 2 kids here is 40k a year. No reason for her to work. Rather her be home with the kids then have an extra 20k a year…
Brown Star Kachina

User ID: 86529310
United States
01/27/2024 07:34 AM

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Re: I make around $10k a week and still feel broke…
OP, take 10k of that 69k that you're throwing into retirement every year and purchase I-bonds from the Treasury instead.
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Bigfoot sightings: [link to public.tableau.com (secure)]

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Anonymous Coward (OP)
User ID: 84209669
United States
01/27/2024 07:34 AM
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Re: I make around $10k a week and still feel broke…
2 cars gas maintenance insurance etc is close to $500/week

 Quoting: Anonymous Coward 84209669


How are you spending $2k/month on cars? Is your driving record shit so most of that goes towards insurance, or did you pay the dealer markups on a Bronco or Raptor?
 Quoting: Brown Star Kachina


Insurance is high here. I bought a new truck 2 years ago. That was 65k. That’s a g a month. My wife has an suv that was a little less. Insurance and gas is very high here (Cali). I need reliable vehicles and used wouldn’t really save me much as my interest rate on the cars are under 2%.
 Quoting: Anonymous Coward 84209669


Ah that explains it then.
 Quoting: Brown Star Kachina


The only other state my business possibly could work is south Florida and housing is high there as well. But no state taxes would help. I’m not in a position to shut down my business here and move it though. I worked to hard building up a client base here. My business is in the yacht industry.
Anonymous Coward
User ID: 86190551
Australia
01/27/2024 07:34 AM
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Re: I make around $10k a week and still feel broke…
bracket creep is a bitch. full stop. re-calibrate bracket creep. it kills the lower class and the middle for that matter.





GLP