What is "good money"?
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(Senior Neanderthal, 5,398
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on 5/10/11 at 10:32am
I always hear this word tossed around but what the hell does it mean? Is it 70k? 100k? 150k? it always seems to come from non finance folks....
how do you handle it when someone asks if you make good money? I tend to say I do okay...







I always say something along
I always say something along the lines of "I'm doing fine". Or when they ask about my wife and I or our new house I just say "we're doing ok for ourselves".
I tend to think most non-finance people think of $100k as doing well. Not rich, but well off.
I would say anything above
I would say anything above 300 is good money in Charlotte, NC.
umm really 70k is all we need
umm really 70k is all we need to live happily. Banking sucks for just 140k, sigh.
i'll get those exits opps. one day.
I have a 10 year reunion
I have a 10 year reunion coming up and been talking to some old friends.. one girl was like how her bf was making "good money".. I said 60k? she correctly quick with a 75k... i said damm.... thats great.... I was laughing inside but who cares... in houston..... 75k is "good money"
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It totally depends on where
It totally depends on where you live. In NYC its close to 300 to 350K to be able to comfortably own your own place and beable save a good amount for the future yet still have enough to enjoy your life. Now if you lived in the rust belt you could get away with making 75K and be in the same position.
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heister wrote: It totally
It totally depends on where you live. In NYC its close to 300 to 350K to be able to comfortably own your own place and beable save a good amount for the future yet still have enough to enjoy your life. Now if you lived in the rust belt you could get away with making 75K and be in the same position.
Some days I wonder what the hell I'm doing here. Someone I know in S Carolina just bought a five bedroom house for $98,000. That, and they have time to do stuff other than work.
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Yeah, it really depends on
Yeah, it really depends on where you live. Cost of living between NYC and anywhere else in the U.S. is drastic. In NYC, you need at least 250k to do fine, while in Atlanta you could easily live off 75k. No point in working 100 hours if you are going to live till you're 65, just wait for exit ops.
sorry to hijack this thread
sorry to hijack this thread but what are exit ops?
Beast
Angelus99 wrote: sorry to
sorry to hijack this thread but what are exit ops?
Prepare for shit.
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Good money depends on the eye
Good money depends on the eye of the beholder. I think $17.50/hour is good money and Yellowtail Shiraz is perfectly fine wine. Other people aren't sure a Porsche is a good car or a $30 bottle is good enough.
Genuine wealth gets built by saving lots of money. And you can save lots of money, whatever the circumstances, if you learn to be content with what you have.
Work hard, play hard.
I believe that good money is
I believe that good money is relative. As previously stated, We finance buffs are never satisfied in the early stages until we get a couple 100hr per week years under our belts then we start thinking about whats important, be it more money, lifestyle,exit ops or what have you. Where you live and what your desired realistic lifestyle is, determines, good money for you. In finance, 200-300k is good money not factoring location and age. In other careers to me 80k is good money. I hope to reach around 250-300k with a decent lifetyle in my early 30's a couple exotic cars and a half a mill property, and increasing portfolio.
I Got a dollar and a dream...
yellowtail's shiraz is ok for
yellowtail's shiraz is ok for the price but much better QPR wines if you splurge a tiny bit more :P but i echo illini's sentiments, im all down for saving and banking up north but when it may come time to switch things up im definitely taking my dragon's hoard and going to a land of inexpensive-ality
I need a crib, a big estate, I need a boat and that need a lake, I need some salmon that need a plate, that need a chef so I feed my safe
From trading equities to slanging wine in Latin America
A ship is safe in harbor, but that is not what a ship i
Good money in Texas is $50K+
Good money in Texas is
$50K+
But everything is bigger in
But everything is bigger in Texas!
Work hard, play hard.
BankMonkey21 wrote: I believe
I believe that good money is relative. As previously stated, We finance buffs are never satisfied in the early stages until we get a couple 100hr per week years under our belts then we start thinking about whats important, be it more money, lifestyle,exit ops or what have you. Where you live and what your desired realistic lifestyle is, determines, good money for you. In finance, 200-300k is good money not factoring location and age. In other careers to me 80k is good money. I hope to reach around 250-300k with a decent lifetyle in my early 30's a couple exotic cars and a half a mill property, and increasing portfolio.
For some reason the half a mil property doesn't seem to fit with the 250-300k and exotic cars.
"One should recognize reality even when one doesn't like it, indeed, especially when one doesn't like it." - Charlie Munger
My main goal is to live off
Work hard, play hard.
Good money in Texas is
IlliniProgrammer wrote: My
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UFOinsider
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IlliniProgrammer wrote: My
"The trouble with our liberal friends is not that they're ignorant, it's just that they know so much that isn't so."
- Ronald Reagan
"Please pray for Japan" was a
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cplpayne wrote: BankMonkey21
I Got a dollar and a dream...
The median household income
Angelus99 wrote: sorry to
Making money is art and working is art and good business is the best art - Andy Warhol
I_Bankster wrote: Good money
BankMonkey21 wrote: cplpayne
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I usually say: considering
More is good, all is better
Thanks, Argonaut. Thanks.
Work hard, play hard.
MarkyMarkWahlbergWasAwesome
I Got a dollar and a dream...
In my mom's country they have
"Until and unless you discover that money is the root of all good, you ask for your own destruction. When money ceases to become the means by which men deal with one another, then men become the tools of other men. Blood, whips and guns or dollars."
Illini, I'm just saying. I
More is good, all is better
Independent Gestion wrote: In
The answer to your question is 1) network 2) get involved 3) beef up your resume 4) repeat -happypantsmcgee
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How do you have three cars
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IlliniProgrammer wrote: How
I Got a dollar and a dream...
How do you have three cars
I Got a dollar and a dream...
Grrr, I got suckered again by
Work hard, play hard.
Debt is good and bad, the way
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0.01% of the deals is good
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-Barboon
barboon wrote: 0.01% of the
I feel like unless you are in
Where I live the 70-90k range
BankMonkey21
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"I just want to be a monkey of average intelligence who wears a suit. I'll go to business school!"
Good money is $250K/year
oldmansacks wrote: Good money
WSO Conf - June 29, 2013
LOL, it has gotten to the
Work hard, play hard.
haha
WSO Conf - June 29, 2013
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