I prepared bankruptcies for 25 years. I often found people with higher incomes were the worst dealing with budgets. Bottom line is no matter what your income is you must spend less.
@@deloresfishwick594Did you catch the show when it was "live" on Facebook/RUclips or did you watch the replay? The comments during the "live" show still show up on the replay.
100k is very doable. Thats what we live on with 2 kids. We got our house down from 86k down to 39k . Our income was not always this high and we lived comfortably. Right now my husband has been home for 7 months with eye injury at work. He has has 3 surgeries and has another 2 months of recovery to go. We living on workmans comp. Ya know what we are living comfortably because of frugal living. My oldest is on college 100% free because of all her hard work got her amazing grades. She is also working 2 part time jobs.
This guy is a multi-millionaire. The $230,000 is passive income from his investments. He retired in his 30s. I don't think he is struggling to figure out how to make ends meet! He knows how to save and invest. He is living exactly the life he wants to.
When we were in the 80s basically everyone in the neighborhood ( except us ) refinanced and took out the extra income and spent it from the houses skyrocketing. Three of the couples divorced when the economy crashed and the houses were upside down. We always lived below our means . We are in California and doing quite well. House paid off , retired early , paid for State college for kids ( cash), and have plenty to travel. Yes California is expensive but all family here and I love the mountains and beaches. Sad it’s so leftist but I go to church and continue to vote conservative. Like my pastor says someone has to stay and fight.😉🥰
I don't understand why anyone would spend any money on college with what they are teaching right now. If they don''t want to be a lawyer or doctor or something, nobody needs it anymore
We raise 7 kids on one salary. Didn't live fancy, but didn't go without either. I did lots of the things you recommend long before I was aware of you show.
I can’t even with this. I’m just sad for these kind of people. “Woe is me” mindset gets you nowhere. We make 20% of what they do and have 4 kids + one on the way. We live in Wisconsin, which isn’t the most expensive place but it’s also not cheap to live here by any means. We get by JUST fine. It’s 100% about the choices we make and what we choose to prioritize. We say no to steak every night and have ground beef or chicken instead. I stay home with my kids and prioritize the home and making healthy but frugal meals instead of spending a bunch of money for convenience foods and daycare and being too exhausted to clean and cook. I choose this over being stressed out all the time and my family is better for it. We are not anywhere close to rich, however we are very comfortable, happy and healthy! I’ll take that over a larger income any day 🙌🏻
Our youngest paid for his college education and his Masters Degree. Our four kids never asked for a cent once they moved out on their own. We must have done something right!😊
SF is ridiculously expensive from the rent to the groceries. Everything is so expensive there. Yes, it is beautiful, but it is also filled with crime, and homelessness. Why anyone would want to live there with all its issues, is beyond me. My sister lived there off several years in the 90s. At the end of a visit, I was always relieved to be leaving. It just seems to have a spiritual darkness there. I don't know how to decribe it any better, but I'd just feel exhausted there.
I was there, too, so I know their lives, but we always ate cheaply and our cars were always used ( our newest is a 2010). We did the private school stuff etc but kept pruning it to homeschooling and public school. None of this is the point. I figured out that it doesn't matter what you are spending on-how "virturous" it is---when it is spent it is gone. There is a difference between investing and spending . We spent (its not an investment!) so much on our kids' educations that we lost many years of funding our own retirement. Etc. My main point again is that no matter how "virtuous" your spending when it is spent it is spent.
I never quite thought about it like that. Thank you for putting words to my thoughts. When it's spent, it's spent. One thing on the positive side, is that even though the money is spent, you gave your children a legacy that will hopefully improve their lives. Someday, they may realize that.
@@eclairtreo Awwww. Thank you. Let's see, but so far none of them have gotten jobs that require college educations. At least they don't have big debt leaving school--but it did pretty run us--their parents--into the ground. But it is done and crossed off our list.
One good thing about our place when we bought, was it has a Bell Canada building, on a small piece of our property. It pays us 3,000.00 every year. That's way more than pays our taxes. Plus it was an old horse farm, so we rent out the barn and paddocks, then our son has some trucks of his here, and he pays a small amount every month. So it all helps, us out.
I relate to you, Tawra. I'm just not the type of person to buy a new product just because it is new. I am very much a creature of habit. If the products I have been using forever work, I'm not going to buy something different. Also, I haven't bought paper towels in at least a couple of years. We are a rag family. Works for us.
I was listening to some wealthy stars talk about how being wealthy and having things they wanted actually made things they enjoyed not enjoyable any more like certain low priced stores or taking a vacation somewhere because their house is always nicer. Made me thi k about how anytime we have done without soemthing for a while the appreciation for it is so much higher when we have it. Absence makes the heart grow fonder. Or also you realize maybe you dont need it.
Once a year or so I bought a 20 pound box of painters rags. If a rag was too gross to wash out in the buckets, which was almost NEVER,I did throw them away.😂😂😂 Now we're in our 70's and have more than we ever had raising 4 kids. Simple pictures are best. It's a kids book. Look it up. 😅😅😅
Soak them in 1/4 teaspoon baking soda it will help them get soften up that is the bean's then rinse them then put a 1/4 teaspoon in every cup beans and cook.
I’m a longtime subscriber, and enjoy tuning in to hear your thoughts on frugal living! We used your recipe ideas to learn how to save money at the grocery store and quickly pay off our student loan debt! We live in a very expensive part of the country too. Holy cow, $230k is MORE than doable. Healthcare costs are awful (we spend $275 a month just on asthma meds w/ 'good' insurance coverage). But for us, we just compromise on other things. To Mike's point, people 100% abuse the ER, but if you have a bad enough headache, please know there are times it’s worth seeking medical help. My mom tried to shrug off an unusually bad headache-it was the warning sign for a massive stroke and she died as a result.
I don’t know, Tucker just went to Russia and he visited several other countries UAE, etc. and said they have nicer cities than we do and he was disappointed in the fact that our country had declined over the years instead of prospering. Our roads are shot and cities are dirty. It was different 25-30 years ago. Other countries are in much better shape. So what is up with that. I think our leaders have been money laundering the money out of our country and then it comes back to their pockets and then they say we can’t afford to do any thing to improve our own cities and roads. I still think many in Africa, India, and China still have less (especially the country folk) but it may not be as bad as you think.
Not motivated enough to get a better paying job. My quess is, their not hurting after all. Additionally, I don't understand why people are using "washing machine and dishwasher machine" cleaner. What a waste of money, time and water.
We have been using those amounts on our laundry. I buy powered Tide, and have saved so much money, by buying that, instead of liquid detergent. It really saves money.
I have a cousin that sold his business painting business last year for million dollars at 42 years old sold us home for a million dollars moved to a smaller home that probably wasn't even a quarter of that raising two boys homeschooling and started a business online to help other business owners he's doing wonderful
This week, here im British Columbia, Canada🇨🇦 I got 4 whole free run chickens at 1.99 a lb=$6 approx. for each whole chicken, 3lbs of fuji apples $2.48 ; tomorrow is $1.49 day so can get carrots or potatoes 1.49 3lb bag, authentic tortilla $1.49. I would say 97% of food I buy is on sale
Hi Tawra! I want you to thank you for your tomato soup recipe! It was so so good! I love Campbell tomato soup but this tasted even better!!! And it had no wheat in it which is better for me (Campbell’s tomato soup has wheat in it). And on another note, I went to my local grocery store (Raleys) and bought 12 lbs of chicken thighs for .99 a lb and 7 lbs of ground beef 80/20 and the total was only 25 dollars! Absolutely amazing! This will last me 2 to 3 months!!!
"Do-able" $100,000, yes. Comfortable and getting ahead depends on if that includes benefits and on housing (we have house equity and live where taxes are cheaper and housing is cheaper) and on not having debt. We pay all our own benefits.....a benefit package can equal $30,000 or more. We personally are comfortable. I can't imagine paying 2000 a month for housing (average rent in our state suburbs for a 2 bedroom), your own benefits, college loans, and a car payment. I would be crazy stressed if we had debt and high housing cost. We've told our kids to not take student loans and to have roommates so they can save.
When I went to my dd house her kids would use tissues use once then put in bin Her step dd at my house did that blow once then in bin then want another one even my other dd was teen at the time thought that was wasteful and told her to hang on to it
Well I'm sure their circle of friends are doing the same and that would effect their thinking. I'm mean...he's in SF so that says a lot. Not a lot of wisdom there.
We spend $18-20,000 on food and household supplies, a year for a homeschooling family of 10, in Canada. I thought we were doing okay. 😬 300-400 a week and I only shop sales and have a huge stock pile just like yours. Maybe I am not doing so good!
That would be hysterical ! ! My husband would lose his mind, he thinks I’m tough. Maybe she could whip him into shape, I would sign us up immediately 🤣
😂😂 This guy is a nut if he is spending $23,000 for food. He would feel like we are feeding him poverty food on my budget of $450 a month for two Adults and our 4 dogs, 3 birds and gecko. We eat great as do our animals. We actually could eat for less if we had too.
I know it's hard for us to understand California economics, it's WACKY WORLD out there. My brother moved out to the Bay area 25 years ago and he just recently moved back to the east coast. He is so used to the prices and everything there that he CANNOT be convinced that nurses in the rest of the country make less than six figures. He and his friends lived extravagant lifestyles that included the private school for the kids and even having celebrities perform for your birthday party! They extensively travel, drive luxury vehicles, etc. So, I think when you are floored with private school tuition being $80,000 a year, this is normal for them because EVERYONE makes six figures or more, including teachers. It is hyperinflation mainly because of the overpriced housing market and TAXES that this has happened there. Unfortunately, with the way things are being run at the federal level, the rest of this country will soon be in this position BUT we won't have jobs that pay well.
It’s not the school system Tara, It’s the lack of parenting that has created disrespectful behavior, they have no structure at home, kids go to bed late, don’t get positive attention, they are playing video games, their on their phones and iPads at 1 month old. Kids and parents! Could public schools be better? Yes. But they also do a lot for the community. They provide meals, education, after school programs, nurses. Parents don’t prioritize necessities. They have $100 shoes and $1000 phones and don’t get their children the things they really need. My husband is a teacher and I have worked in the school system as my kids got older and did a lot of volunteering when they were younger. Society is the problem!!! It is not fair to completely blame the school. We live in the best country to be poor in and these ungrateful people just take and complain.
@@LivingOnADime yes and the biggest problem with the schools is the government and people making the rules that the schools have to follow. They are so out of touch with what’s going on. Just changing the start times has been a huge issue! But they sit around and make decisions that no longer affect them or never did. And let’s not get started on pronouns and transgender rights that they’re trying to bring in the classroom at younger ages. While Christian rights are not recognized or valued. Our rights are seen as judging, homophobic and we’re told that we’re taking away their rights. Ok rant over 😊
I have to agree with both of you. I work in a fairly conservative public school and the parents are 100% the biggest part of the problem. Parents don’t have a clue as to what discipline is!! They have kids that are rude, disrespectful, and LAZY, LAZY, LAZY! It is amazing how everything is “THE TEACHERS FALT”. Like I said, most of the teachers in my school are conservative Christians and what we see and put up with is a joke!!!! How is it that this generation of parents don’t have a clue! I just chalk it up to Godlessness!! What else?? They do not want to follow what God says and they are raising USELESS KIDS!!! As a teacher I can’t change the brainwashing they are getting at home, to be lazy and take NO RESPONSIBILITY!!
Okay, I’ve got to say it, I live in Arkansas on 5 acres, I graduated from Berkeley, married an MBA from Berkeley, we are Christians, we are debt free, have a used Ford Pickup and a used 4 Runner, we are fans and have learned a lot from you two…don’t give up on all of us❤❤
Can y'all do a Weddings on a Dime video? I have 3 cousins getting married in the next year, and they're all taking out loans because they're wanting to pay $100K (on top of the money the parents are paying).
Tawra…. I’m raising 11 kids, 15.5 down to 6 months on $75k a year. $100,000 would give us EXTRA. 😂 People needing financial advice need to stay away from those gurus.
Feels like a critical point was missed from the financial expert story. He and his wife don't have jobs but are earning $280K a year in investment income. I think that's why people are taking his financial advice.
If you read the article it makes things clearer. He's whining because he ended up going back to work to make up the difference between the $280K he "needs" to maintain his lifestyle and the $230K in interest he's getting from his investments.
Exactly. Most people don't care or want to know how he spends his money, they just want to know how to earn a passive income at that level. The FIRE community is full of people like him, some more frugal than others. He isn't struggling, he's living exactly how he wants to, all with no job. He has stated that he once saved 80% of his after-tax income. He knows how to save and invest better than the "average" person. The article cited is just click bait propaganda about how expensive the "American Dream" is. Plus, it drives traffic to his website, Financial Samurai.
It is easy to overspend on groceries by people who feel entitled. My neighbor orders hello fresh and gets her groceries delivered from a really expensive supermarket because she cannot be bothered to drive 15 minutes to a stop and shop and use coupons. She complains all the time that she cannot afford to eat even though she and her husband both have really good jobs.
I have a friend I love dearly, complains all the time but allows her twin daughters to get hair treatments n the hundreds and this is just one thing. Uh-NOPE. I just stopped trying to get her to see. There is a saying: when the student is ready, the teacher appears.
Many people spend when times are good in the false belief that times will always be good. The probability that your family will be hit with a job loss, illness, death, divorce or accident is pretty high. You should always live below your means for that reason.
Id be doing incredible if I made 40,000 a year in small town Indiana. Oh my lord if I made 100,000 a year I wouldn’t know what to do! I’d be so so rich!!!
I’m noticing a very strange trend with people that are clearly living privileged lives are trying to be relatable to the average everyday person. You could say that individuals like this live in a bubble so their world view is very closed off from the rest of the world, which is true. However, I believe that it’s also so people like this can score brownie points from everyday people, which is weird. I don’t understand why it’s so hard for people to admit that yeah they kind of live a pretty privileged life. Nobody is calling you a bad person but to pretend that you can relate to the average person issues is very cringe to me. It’s like, this guy is crying that he can’t live off of 200,000 dollars a year meanwhile we have people who can’t even afford to go to the doctor. We have people who work full time that still have to go to the food banks. It’s time people like this OPEN THEIR EYES AND SEE THE WORLD AROUND THEM. Because most of us can absolutely agree that this guy is doing JUST FINE LOL.
Full confession: I had SIBO last year and now still severely react to anything with corn derivatives as well as gluten and dairy.....i pretty much cook from scratch but when you are down to 5 to 10 foods you can eat, it's super tempting to buy some expensive foods. I could easily spend $800 a month on groceries for the 3 of us. I don't usually, but i could, and most of that is Aldi. I'm not saying it's necessary by any means. I'm saying i understand how people could spend that much.
This guy's website says he once saved 80% of his take home pay. He knows how to save and invest. He's now a multi millionaire who retired in his mid 30s. The $230,000 is passive income from his investments. He doesn't touch the principle. He is most definitely not struggling.
If I had 230,000 a year I would think I was RICH.RICH,RICH!!!!!! Even if it was only for one year! I could have everything, we ever wanted and still have lot's of many in the bank. We don't need a whole bunch of fancy things. We are happy with used vehicles, as long as it's paid for. We don't go fancy places, so our clothes bill is not much, we have a little farm and would do some things here, but still would have a bundle, in the bank and a fully stocked pantry and freezers. Back in the 70's we went to a financial advisor, because we weren't sure whether to lock our mortgage in for 5 yrs, or have a floating rate. We went home and thought about it, and decided to lock in, instead of listening to him. Sooo glad we did, other wise the way interest rates went up, we would have lost our house, So to us, forget the financial advisor's. Our Friends sadly lost their home. This was in Canada.
I live in a city in the bay area and I can see how people spend a lot on groceries. I have four stores in walking distance Whole foods, Safeway, Trader Joe's, and Target. When I'm at Whole foods picking up a few items on sale I watch these people buying a lot of expensive food items in their cart. Whole food does have sale items. But I shop at these four stores on sale or cheap items and we live like a kings. Lately meat doesn't come with the bone like boneless chicken breast. I think they're taking the bone off to sell them separately for bone broth. Like when I could buy celery really cheap until they have that celery juicing crazy. From 50 cents to $2.99. So I'm very careful and watchful about finding sale prices.
We are going to get nailed on our groceries etc. Here in Canada, because our PM, is raising that stupid carbon tax 23%. That's the third raise now, and he's going to keep raising it. That's going to hurt on everything we buy.
We couldn’t afford to go out/no babysitter so we did date night at home. Our kids cooperated and were happy for us. Those are some of our most precious memories ❤
I noticed a huge difference in our disposable income when we paid off our house. It makes such a difference. Buy older cars for cash so you can pay down your mortgage faster. It really pays off. We can spend more but spend under $400 a month on groceries for 3 adults and we buy plenty of extras and don’t feel like I’m skimping.
Except for very few and far between when my in laws take all the kids and we eat out somewhere, we do movie or tv series dates and send the kids outside or upstairs to play or go to bed and then have our date nights on weekends. I wouldn’t even know where to go if we had the chance to go out for dates more often. Also making food at home almost always tastes better than food we have had at restaurants.
Just fyi . You can rent a camper twice a year if you really need one and it works still cost less. And you can get REALLY nice ones too. Fast more than what you could pay monthly to buy one.
That’s stereotyping people who live in Oklahoma. I have worked my way up where I work. I am at the top and I did that without a degree. Lots of people who live in Oklahoma are driven and motivated.
Worked for an insurance company- people on Medicare were often struggling to afford their meds while Medicaid paid 100% for erectile dysfunction and hair loss medication !😮
![DDG & G Herbo - Nosey [Official Video]](http://i.ytimg.com/vi/I9Ra0Zc2NlQ/mqdefault.jpg)
I prepared bankruptcies for 25 years. I often found people with higher incomes were the worst dealing with budgets. Bottom line is no matter what your income is you must spend less.
Title should read: "Finance Expert CHOOSES to not live on $230,000 a year".
Alabama stops property taxes when you turn 65. My aunt and uncle live there and pay no property taxes, they’re now 79 & 80.
If both parents are home, why not homeschool and save the 80k school costs.
I was going to say this. I work part time and homeschool both my kids. My husband works fulltime and helps out a lot. It's totally doable.
How are there comments already 4 minutes before the show starts?
Exactly
@@deloresfishwick594Did you catch the show when it was "live" on Facebook/RUclips or did you watch the replay? The comments during the "live" show still show up on the replay.
@@twistedmaryit’s about status many times.
My husband and I live on 18000 year. I have a warm apartment and food in my cubbords.. I also am very happy and content.
100k is very doable. Thats what we live on with 2 kids. We got our house down from 86k down to 39k . Our income was not always this high and we lived comfortably. Right now my husband has been home for 7 months with eye injury at work. He has has 3 surgeries and has another 2 months of recovery to go. We living on workmans comp. Ya know what we are living comfortably because of frugal living. My oldest is on college 100% free because of all her hard work got her amazing grades. She is also working 2 part time jobs.
Why would anyone retire in San Francisco?
Retired but cant home school?
None of this makes any sense.
This guy is a multi-millionaire. The $230,000 is passive income from his investments. He retired in his 30s. I don't think he is struggling to figure out how to make ends meet! He knows how to save and invest. He is living exactly the life he wants to.
When we were in the 80s basically everyone in the neighborhood ( except us ) refinanced and took out the extra income and spent it from the houses skyrocketing. Three of the couples divorced when the economy crashed and the houses were upside down. We always lived below our means . We are in California and doing quite well. House paid off , retired early , paid for State college for kids ( cash), and have plenty to travel. Yes California is expensive but all family here and I love the mountains and beaches. Sad it’s so leftist but I go to church and continue to vote conservative. Like my pastor says someone has to stay and fight.😉🥰
I don't understand why anyone would spend any money on college with what they are teaching right now. If they don''t want to be a lawyer or doctor or something, nobody needs it anymore
We raise 7 kids on one salary. Didn't live fancy, but didn't go without either. I did lots of the things you recommend long before I was aware of you show.
I can’t even with this. I’m just sad for these kind of people. “Woe is me” mindset gets you nowhere.
We make 20% of what they do and have 4 kids + one on the way. We live in Wisconsin, which isn’t the most expensive place but it’s also not cheap to live here by any means. We get by JUST fine. It’s 100% about the choices we make and what we choose to prioritize. We say no to steak every night and have ground beef or chicken instead. I stay home with my kids and prioritize the home and making healthy but frugal meals instead of spending a bunch of money for convenience foods and daycare and being too exhausted to clean and cook. I choose this over being stressed out all the time and my family is better for it. We are not anywhere close to rich, however we are very comfortable, happy and healthy! I’ll take that over a larger income any day 🙌🏻
We live well enough off 2031€ a month. We’re debt and mortgage free and save half of it.
Our youngest paid for his college education and his Masters Degree. Our four kids never asked for a cent once they moved out on their own. We must have done something right!😊
SF is ridiculously expensive from the rent to the groceries. Everything is so expensive there. Yes, it is beautiful, but it is also filled with crime, and homelessness. Why anyone would want to live there with all its issues, is beyond me.
My sister lived there off several years in the 90s. At the end of a visit, I was always relieved to be leaving. It just seems to have a spiritual darkness there. I don't know how to decribe it any better, but I'd just feel exhausted there.
I was there, too, so I know their lives, but we always ate cheaply and our cars were always used ( our newest is a 2010). We did the private school stuff etc but kept pruning it to homeschooling and public school. None of this is the point. I figured out that it doesn't matter what you are spending on-how "virturous" it is---when it is spent it is gone. There is a difference between investing and spending . We spent (its not an investment!) so much on our kids' educations that we lost many years of funding our own retirement. Etc. My main point again is that no matter how "virtuous" your spending when it is spent it is spent.
I never quite thought about it like that. Thank you for putting words to my thoughts. When it's spent, it's spent. One thing on the positive side, is that even though the money is spent, you gave your children a legacy that will hopefully improve their lives. Someday, they may realize that.
@@eclairtreo Awwww. Thank you. Let's see, but so far none of them have gotten jobs that require college educations. At least they don't have big debt leaving school--but it did pretty run us--their parents--into the ground. But it is done and crossed off our list.
Thanks Tara!! You help me stay focused on our financial goals and spending less than what my husband earns, even in CA!!
One good thing about our place when we bought, was it has a Bell Canada building, on a small piece of our property. It pays us 3,000.00 every year. That's way more than pays our taxes. Plus it was an old horse farm, so we rent out the barn and paddocks, then our son has some trucks of his here, and he pays a small amount every month. So it all helps, us out.
And I have people telling me that I am greedy for wanting a raise of my $12.000 / year social security.
the best school in San Diego is about 10,000 a year
I relate to you, Tawra. I'm just not the type of person to buy a new product just because it is new. I am very much a creature of habit. If the products I have been using forever work, I'm not going to buy something different. Also, I haven't bought paper towels in at least a couple of years. We are a rag family. Works for us.
I was listening to some wealthy stars talk about how being wealthy and having things they wanted actually made things they enjoyed not enjoyable any more like certain low priced stores or taking a vacation somewhere because their house is always nicer. Made me thi k about how anytime we have done without soemthing for a while the appreciation for it is so much higher when we have it. Absence makes the heart grow fonder. Or also you realize maybe you dont need it.
The job market is amazing right now.
Once a year or so I bought a 20 pound box of painters rags. If a rag was too gross to wash out in the buckets, which was almost NEVER,I did throw them away.😂😂😂 Now we're in our 70's and have more than we ever had raising 4 kids. Simple pictures are best. It's a kids book. Look it up. 😅😅😅
Soak them in 1/4 teaspoon baking soda it will help them get soften up that is the bean's then rinse them then put a 1/4 teaspoon in every cup beans and cook.
I’m a longtime subscriber, and enjoy tuning in to hear your thoughts on frugal living! We used your recipe ideas to learn how to save money at the grocery store and quickly pay off our student loan debt! We live in a very expensive part of the country too. Holy cow, $230k is MORE than doable. Healthcare costs are awful (we spend $275 a month just on asthma meds w/ 'good' insurance coverage). But for us, we just compromise on other things. To Mike's point, people 100% abuse the ER, but if you have a bad enough headache, please know there are times it’s worth seeking medical help. My mom tried to shrug off an unusually bad headache-it was the warning sign for a massive stroke and she died as a result.
My condolences for the loss of your mother. That is such a tough time. Huge hugs.
My son and daughters-in-law moved out of the Silicon Valley area because of the cost of living.
Definately a 1. I live on 11,000 a year just fine.
I don’t know, Tucker just went to Russia and he visited several other countries UAE, etc. and said they have nicer cities than we do and he was disappointed in the fact that our country had declined over the years instead of prospering. Our roads are shot and cities are dirty. It was different 25-30 years ago. Other countries are in much better shape. So what is up with that. I think our leaders have been money laundering the money out of our country and then it comes back to their pockets and then they say we can’t afford to do any thing to improve our own cities and roads. I still think many in Africa, India, and China still have less (especially the country folk) but it may not be as bad as you think.
Just give me that salary for one year. I’d be so set
What crazy spending
#1 I’d feel rich at $100,000
Not motivated enough to get a better paying job. My quess is, their not hurting after all. Additionally, I don't understand why people are using "washing machine and dishwasher machine" cleaner. What a waste of money, time and water.
We have been using those amounts on our laundry. I buy powered Tide, and have saved so much money, by buying that, instead of liquid detergent. It really saves money.
I have a cousin that sold his business painting business last year for million dollars at 42 years old sold us home for a million dollars moved to a smaller home that probably wasn't even a quarter of that raising two boys homeschooling and started a business online to help other business owners he's doing wonderful
This week, here im British Columbia, Canada🇨🇦 I got 4 whole free run chickens at 1.99 a lb=$6 approx. for each whole chicken, 3lbs of fuji apples $2.48 ; tomorrow is $1.49 day so can get carrots or potatoes 1.49 3lb bag, authentic tortilla $1.49. I would say 97% of food I buy is on sale
Hi Tawra! I want you to thank you for your tomato soup recipe! It was so so good! I love Campbell tomato soup but this tasted even better!!! And it had no wheat in it which is better for me (Campbell’s tomato soup has wheat in it). And on another note, I went to my local grocery store (Raleys) and bought 12 lbs of chicken thighs for .99 a lb and 7 lbs of ground beef 80/20 and the total was only 25 dollars! Absolutely amazing! This will last me 2 to 3 months!!!
I'm so glad!
We are a family of 5 and live on less than $40, we got out of debt but it’s a comfortable life
I would never want that finance expert to help me!!
"Do-able" $100,000, yes. Comfortable and getting ahead depends on if that includes benefits and on housing (we have house equity and live where taxes are cheaper and housing is cheaper) and on not having debt. We pay all our own benefits.....a benefit package can equal $30,000 or more. We personally are comfortable. I can't imagine paying 2000 a month for housing (average rent in our state suburbs for a 2 bedroom), your own benefits, college loans, and a car payment. I would be crazy stressed if we had debt and high housing cost. We've told our kids to not take student loans and to have roommates so they can save.
LOL I wish I brought in $230,000 a year.
How much of that food is being thrown out?!
1. Yes absolutely.
I know a young person who did make it a McDonald's, she went into management.
I work for a company that does not pay for my insurance. I fall under to no insurance. I fall short getting health insurance.
Hello from Shawnee Oklahoma
When I went to my dd house her kids would use tissues use once then put in bin
Her step dd at my house did that blow once then in bin then want another one even my other dd was teen at the time thought that was wasteful and told her to hang on to it
If you are living off of retirement you should just move you no longer need to be in a certain location for work
Well I'm sure their circle of friends are doing the same and that would effect their thinking. I'm mean...he's in SF so that says a lot. Not a lot of wisdom there.
We spend $18-20,000 on food and household supplies, a year for a homeschooling family of 10, in Canada. I thought we were doing okay. 😬 300-400 a week and I only shop sales and have a huge stock pile just like yours. Maybe I am not doing so good!
my suggested budget would be $1100 a month (in Canada)
New show idea! Wife swap with tawra😂
That would be hysterical ! ! My husband would lose his mind, he thinks I’m tough. Maybe she could whip him into shape, I would sign us up immediately 🤣
We are moving to luray Virginia 1,000 taxes because Maryland property taxes are over 5 thousand a year and going up
1 Are their golden arches made of solid gold??
80k for school doesn’t mean they’ll become bill gates. If that’s what the parents are after. I get going to good schools. No problem
😂😂 This guy is a nut if he is spending $23,000 for food. He would feel like we are feeding him poverty food on my budget of $450 a month for two Adults and our 4 dogs, 3 birds and gecko. We eat great as do our animals. We actually could eat for less if we had too.
1 these people have no idea what is the value of a dollar
I know it's hard for us to understand California economics, it's WACKY WORLD out there. My brother moved out to the Bay area 25 years ago and he just recently moved back to the east coast. He is so used to the prices and everything there that he CANNOT be convinced that nurses in the rest of the country make less than six figures. He and his friends lived extravagant lifestyles that included the private school for the kids and even having celebrities perform for your birthday party! They extensively travel, drive luxury vehicles, etc. So, I think when you are floored with private school tuition being $80,000 a year, this is normal for them because EVERYONE makes six figures or more, including teachers. It is hyperinflation mainly because of the overpriced housing market and TAXES that this has happened there. Unfortunately, with the way things are being run at the federal level, the rest of this country will soon be in this position BUT we won't have jobs that pay well.
That man is tanking his own business by his whining 😅
Alot of high grocery bills are from boose and free raised meat
It’s not the school system Tara, It’s the lack of parenting that has created disrespectful behavior, they have no structure at home, kids go to bed late, don’t get positive attention, they are playing video games, their on their phones and iPads at 1 month old. Kids and parents! Could public schools be better? Yes. But they also do a lot for the community. They provide meals, education, after school programs, nurses. Parents don’t prioritize necessities. They have $100 shoes and $1000 phones and don’t get their children the things they really need. My husband is a teacher and I have worked in the school system as my kids got older and did a lot of volunteering when they were younger. Society is the problem!!! It is not fair to completely blame the school. We live in the best country to be poor in and these ungrateful people just take and complain.
You are 100% but so am I. Parents are HUGE problem today and you are right about that. The schools are also a HUGE problem.
@@LivingOnADime yes and the biggest problem with the schools is the government and people making the rules that the schools have to follow. They are so out of touch with what’s going on. Just changing the start times has been a huge issue! But they sit around and make decisions that no longer affect them or never did. And let’s not get started on pronouns and transgender rights that they’re trying to bring in the classroom at younger ages. While Christian rights are not recognized or valued. Our rights are seen as judging, homophobic and we’re told that we’re taking away their rights. Ok rant over 😊
I have to agree with both of you. I work in a fairly conservative public school and the parents are 100% the biggest part of the problem. Parents don’t have a clue as to what discipline is!! They have kids that are rude, disrespectful, and LAZY, LAZY, LAZY! It is amazing how everything is “THE TEACHERS FALT”. Like I said, most of the teachers in my school are conservative Christians and what we see and put up with is a joke!!!! How is it that this generation of parents don’t have a clue! I just chalk it up to Godlessness!! What else?? They do not want to follow what God says and they are raising USELESS KIDS!!! As a teacher I can’t change the brainwashing they are getting at home, to be lazy and take NO RESPONSIBILITY!!
“1”
Maybe they keep the kid's all the time 😂😂😂
Even Jeff Bezos moved to save on taxes
Yes, you ARE like Lucille Ball!
…that would mean Mike’s Desi Arnaz….
You think so? LOL!
LOL!
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#2
funny
Okay, I’ve got to say it, I live in Arkansas on 5 acres, I graduated from Berkeley, married an MBA from Berkeley, we are Christians, we are debt free, have a used Ford Pickup and a used 4 Runner, we are fans and have learned a lot from you two…don’t give up on all of us❤❤
LOL yes we know that it's not ALL! :-)
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Can y'all do a Weddings on a Dime video? I have 3 cousins getting married in the next year, and they're all taking out loans because they're wanting to pay $100K (on top of the money the parents are paying).
Omg. Ridiculous!!
That is unreal.
😱😱😱
My dad had good sayings..."having champagne tastes on a beer budget" and "always remember there is always someone worse off than you are.
It is not how much you make but how you spend what you have.
As a whole, Americans have not experienced true hardship since the Great Depression.
Tawra…. I’m raising 11 kids, 15.5 down to 6 months on $75k a year. $100,000 would give us EXTRA. 😂 People needing financial advice need to stay away from those gurus.
Feels like a critical point was missed from the financial expert story. He and his wife don't have jobs but are earning $280K a year in investment income. I think that's why people are taking his financial advice.
If you read the article it makes things clearer. He's whining because he ended up going back to work to make up the difference between the $280K he "needs" to maintain his lifestyle and the $230K in interest he's getting from his investments.
Exactly. Most people don't care or want to know how he spends his money, they just want to know how to earn a passive income at that level. The FIRE community is full of people like him, some more frugal than others. He isn't struggling, he's living exactly how he wants to, all with no job. He has stated that he once saved 80% of his after-tax income. He knows how to save and invest better than the "average" person. The article cited is just click bait propaganda about how expensive the "American Dream" is. Plus, it drives traffic to his website, Financial Samurai.
It is easy to overspend on groceries by people who feel entitled. My neighbor orders hello fresh and gets her groceries delivered from a really expensive supermarket because she cannot be bothered to drive 15 minutes to a stop and shop and use coupons. She complains all the time that she cannot afford to eat even though she and her husband both have really good jobs.
I know people like this too! I’ll never understand 🤦🏻♀️
I have a friend I love dearly, complains all the time but allows her twin daughters to get hair treatments n the hundreds and this is just one thing. Uh-NOPE. I just stopped trying to get her to see. There is a saying: when the student is ready, the teacher appears.
Many people spend when times are good in the false belief that times will always be good. The probability that your family will be hit with a job loss, illness, death, divorce or accident is pretty high. You should always live below your means for that reason.
Id be doing incredible if I made 40,000 a year in small town Indiana. Oh my lord if I made 100,000 a year I wouldn’t know what to do! I’d be so so rich!!!
Hello !! Missing your lives!! I been rewatching your older videos. Can’t wait for your next live!!!
I’m noticing a very strange trend with people that are clearly living privileged lives are trying to be relatable to the average everyday person. You could say that individuals like this live in a bubble so their world view is very closed off from the rest of the world, which is true. However, I believe that it’s also so people like this can score brownie points from everyday people, which is weird. I don’t understand why it’s so hard for people to admit that yeah they kind of live a pretty privileged life. Nobody is calling you a bad person but to pretend that you can relate to the average person issues is very cringe to me. It’s like, this guy is crying that he can’t live off of 200,000 dollars a year meanwhile we have people who can’t even afford to go to the doctor. We have people who work full time that still have to go to the food banks. It’s time people like this OPEN THEIR EYES AND SEE THE WORLD AROUND THEM. Because most of us can absolutely agree that this guy is doing JUST FINE LOL.
Full confession: I had SIBO last year and now still severely react to anything with corn derivatives as well as gluten and dairy.....i pretty much cook from scratch but when you are down to 5 to 10 foods you can eat, it's super tempting to buy some expensive foods. I could easily spend $800 a month on groceries for the 3 of us. I don't usually, but i could, and most of that is Aldi. I'm not saying it's necessary by any means. I'm saying i understand how people could spend that much.
I had SIBO and am on another elimination diet and don't come anywhere near that. It's just choices.
Yes I completely agree it's choices.
Please do the no sale grocery video! Also I can guarantee that guy and his family are eating out most days. Include eating out
Imagine the VIRAL video you could have with such an intervention!?!?
This guy's website says he once saved 80% of his take home pay. He knows how to save and invest. He's now a multi millionaire who retired in his mid 30s. The $230,000 is passive income from his investments. He doesn't touch the principle. He is most definitely not struggling.
I spend 400.00 per month for a family of four.
If I had 230,000 a year I would think I was RICH.RICH,RICH!!!!!! Even if it was only for one year! I could have everything, we ever wanted and still have lot's of many in the bank. We don't need a whole bunch of fancy things. We are happy with used vehicles, as long as it's paid for. We don't go fancy places, so our clothes bill is not much, we have a little farm and would do some things here, but still would have a bundle, in the bank and a fully stocked pantry and freezers.
Back in the 70's we went to a financial advisor, because we weren't sure whether to lock our mortgage in for 5 yrs, or have a floating rate. We went home and thought about it, and decided to lock in, instead of listening to him. Sooo glad we did, other wise the way interest rates went up, we would have lost our house, So to us, forget the financial advisor's. Our Friends sadly lost their home. This was in Canada.
I live in a city in the bay area and I can see how people spend a lot on groceries. I have four stores in walking distance Whole foods, Safeway, Trader Joe's, and Target. When I'm at Whole foods picking up a few items on sale I watch these people buying a lot of expensive food items in their cart. Whole food does have sale items. But I shop at these four stores on sale or cheap items and we live like a kings. Lately meat doesn't come with the bone like boneless chicken breast. I think they're taking the bone off to sell them separately for bone broth. Like when I could buy celery really cheap until they have that celery juicing crazy. From 50 cents to $2.99. So I'm very careful and watchful about finding sale prices.
We are going to get nailed on our groceries etc. Here in Canada, because our PM, is raising that stupid carbon tax 23%. That's the third raise now, and he's going to keep raising it. That's going to hurt on everything we buy.
We couldn’t afford to go out/no babysitter so we did date night at home. Our kids cooperated and were happy for us. Those are some of our most precious memories ❤
I noticed a huge difference in our disposable income when we paid off our house. It makes such a difference. Buy older cars for cash so you can pay down your mortgage faster. It really pays off. We can spend more but spend under $400 a month on groceries for 3 adults and we buy plenty of extras and don’t feel like I’m skimping.
Except for very few and far between when my in laws take all the kids and we eat out somewhere, we do movie or tv series dates and send the kids outside or upstairs to play or go to bed and then have our date nights on weekends. I wouldn’t even know where to go if we had the chance to go out for dates more often. Also making food at home almost always tastes better than food we have had at restaurants.
Just fyi . You can rent a camper twice a year if you really need one and it works still cost less. And you can get REALLY nice ones too. Fast more than what you could pay monthly to buy one.
That’s stereotyping people who live in Oklahoma. I have worked my way up where I work. I am at the top and I did that without a degree. Lots of people who live in Oklahoma are driven and motivated.
Yes there are people who are ambitious.
Hello from Nebraska and one very ambitious person! Rude
That is how Tara . today's world has lost it.
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America is spoiled
You go girl !! I've said the same thing for years .
I find it hard to relate to some relatives here in the UK. Has we live within our means.
Hello from Deadwood!! Will have to watch the replay. 😊
Date night can be a bike ride with a picnic lunch
Worked for an insurance company- people on Medicare were often struggling to afford their meds while Medicaid paid 100% for erectile dysfunction and hair loss medication !😮
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