THE FORUMS

January 20th, 2017
I'm making too much money..
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#41
SamtheGladiator

SamtheGladiator

Respected Member

Join Date: 01/27/2009 | Posts: 326

This is the chodiest thing I've ever read in my life, RSD Forums got a little shittier because of this thread. "I can't not spend money because of this and this and this." STFU you dumb ass. 
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#42
SamtheGladiator

SamtheGladiator

Respected Member

Join Date: 01/27/2009 | Posts: 326

George Carlin on consumer dumb fucks like yourself
 
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#43

Amel_Morries_I_am

Member

Join Date: 10/09/2009 | Posts: 60

honestly man, easy come easy go. If you are making 150k and living like that, that is a recipe for going broke. I would know. I wasn't making too much below that and I was living more modestly then you (maybe not that much) A few bad investments, some more bad money managment and I am back to square 1 financially. I would definately show some restraint asap, sounds like you get alot of identity from $ (not judging just my opinion as it was the case for me as well) I would rethink this whole thing and change it pronto.
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#44

LoveOfLife

Member

Join Date: 04/26/2009 | Posts: 72

For someone who makes a million a year that's extremely irrational. Tell your dad about the concept of "opportunity cost" and maybe he'll see that the minute or more of time he spent calling the bank etc cost him more than he got out of it... by a large margin.
Souteneur wrote:
The spending will eventually catch up with you and you'll learn the lesson the hard way. It sounds like you're not ready to make the change. Keep doing what you're doing, and maybe in a year or so you'll 'feel' it more.

150k doesn't go very far... especially down the line when you're like 'fuck, i want to send my kids to private school... i would have had to start saving for that 10 years ago...'

My dad makes a million a year+ and he goes through every bill, credit card, and bank statement with a fine tooth comb. Last month he called the bank because there was a $7 fee he wasn't aware of and told them he wasn't paying it. They told him that was fine, and that they would remove the fee. He also packs his lunch every day. Not because he doesn't love and appreciate great food, but because it's one of the best ways to save money. Does he do that because he's cheap? No, he does it because he has a deep respect for the value of a dollar. When he was my age he spent his summer hours painting yellow construction trucks and equipment for $4 an hour under the blazing sun.

p.s. +1 the millionaire next door, great book that will help you think about money differently
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#45
JasonE

JasonE

Senior Member

Join Date: 01/28/2008 | Posts: 163

LoveOfLife wrote:
For someone who makes a million a year that's extremely irrational. Tell your dad about the concept of "opportunity cost" and maybe he'll see that the minute or more of time he spent calling the bank etc cost him more than he got out of it... by a large margin.
Souteneur wrote:
The spending will eventually catch up with you and you'll learn the lesson the hard way. It sounds like you're not ready to make the change. Keep doing what you're doing, and maybe in a year or so you'll 'feel' it more.

150k doesn't go very far... especially down the line when you're like 'fuck, i want to send my kids to private school... i would have had to start saving for that 10 years ago...'

My dad makes a million a year+ and he goes through every bill, credit card, and bank statement with a fine tooth comb. Last month he called the bank because there was a $7 fee he wasn't aware of and told them he wasn't paying it. They told him that was fine, and that they would remove the fee. He also packs his lunch every day. Not because he doesn't love and appreciate great food, but because it's one of the best ways to save money. Does he do that because he's cheap? No, he does it because he has a deep respect for the value of a dollar. When he was my age he spent his summer hours painting yellow construction trucks and equipment for $4 an hour under the blazing sun.

p.s. +1 the millionaire next door, great book that will help you think about money differently

If I was him, I would ask you which one of us was the millionaire?
You can't argue with success, and fact trumps theory.

This sounds like some guy who is fucking super-models, and you tell him that he could be doing better if he was using the pick-up theory that you advocate.


JasonE
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#46

zipp0

Member

Join Date: 10/29/2009 | Posts: 36

I recently broke the six figure mark and you should quickly realize that's it's not all it's cracked upt to be - the first thing everyone told me was to start working on breaking 200k or 500k next. 150k is chump change in the grand scheme of things, to be honest it sounds like you're living beyond your means. factor in nearly 50% going to tax, 401k, health insurance, you've got 75k. You buy a BMW for 40k, spend probably 15k on housing, and a couple grand on going out...you're broke with no savings. what happens if you lose your job? how do you maintain your lifestyle and expenses? how do you afford food, shelter, etc?

yea it does sound like you'd be incongruent if you just stopped because you're living irresponsibly right now and stopping that would be a responsible behavior. if you were really 'rich' you'd have a priority of investing and planning for the next stage of your life, reducing your costs more. my dad always said 'it's not how much you make, it's how much you keep'. there's no problem with spending your money if you're not losing it instantly. get some return on your investments. don't buy a brand new BMW, get a used Acura that will hold 80% of it's value in the next 2 years. don't waste money on DVDs, games, and music when there's more frugal alternatives. stopping renting some luxury apartment and live modestly so that in 3 years you can buy a home and have the tax write offs, you'll be saving money annually instead of pissing it away.

150k is a lot of money for someone right out of college, but it's worthless if you don't hang onto it. the real value in that comes from that the fact that if you can save 50% of your take home, the interest compounded on it wil be insane after 10 years. i think you should look at this as an opportunity at financial security, not an opportunity to live lavishly when you really shouldn't. maybe use that money to get your MBA and do some continuing education - like i said, use it for things that are investments. you're just pissing it away now, it's important to have fun while you're also letting your money work for you.

what you're doing now is the equivalent of some homeless guy hitting 160k scratch ticket and one upping you on all your purchases while dancing around saying 'i'm richer than you! i'm richer than you! hahahaha, you have a 5 series, i have a 7 series! i'm richer than you'

the guys not richer and he IS a douchebag, at this point in time he has more liquid cash, but that in no way reflects his financial security or weatlh. if you got this job by only luck, you run the risk of losing it eventually to the guy who IS more qualified or is willing to work harder than you. when the promotions start coming around, unless you can play with the big dogs, you'll be making 150k for the next 10 years when your peers starting hitting hte 250k, 400k, 500k, 1 mil mark. you won't be too rich then.
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#47

LoveOfLife

Member

Join Date: 04/26/2009 | Posts: 72

Not that it matters.. I'm actually a decamillionaire. And if you insist on making an unnecessary "pickup" analogy.. it's more like a guy pulling 8s being boderline dancing monkey and you tell him to chill the fuck out and he pulls 8s with a tenth the effort... not that it's really like either of those things. So much for applying the principle of opportunity cost to my own life as I waste time on this forum..
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#48

Addictive

Junior Member

Join Date: 11/05/2009 | Posts: 20

Hm, I never thought about it from this perspective. I actually still live at home with my parents and the little money I do make, goes to buying shit I want. I guess technically if I was making that kind of cash, I would probably just run out and spend the majority of it on eating sushi and buying a bunch of shit I always wanted, just like you.

But what if you run out? Screw eating fancy steak dinner bro! save 30k of that just in case. Go do cool shit. Invite your friends. Offer to pay for them. Last I heard, it wasn't too expensive to go mountain hiking.

With that said, I've been saving up to get a drumset. Want to help me get it? :)
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#49
~Action~

~Action~

Senior Member

Join Date: 10/14/2008 | Posts: 255

 Give me a few thousand, it will make you feel better, I promise I won't judge you or get mad
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#50
King Chewy

King Chewy

Senior Member

Join Date: 08/24/2009 | Posts: 130

Just re-name this thread!

" I HAVE TOO MUCH MONEY ! AND AM A DOUCHBAG!"
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