$150,000 a Year and I'm a Broke Wage Slave Living Paycheck to Paycheck 🤦♂️
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- Опубликовано: 21 янв 2024
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I learned living off less than 15k a year as a student. When I started making 80k i still live like i only have 15k...lol
you cant even rent in the bayarea for less then 15k a year no food or gas included
That's the secret
This is the way
Same. Without that mindset, I would end up the same as others who live paycheck to paycheck
That's the dilemma....the way to become rich is to live like you're poor, thus defeating the purpose of being rich.
That episode of Ren and Stimpy where they tried to break INTO prison for the free food and shelter was ahead of its time 😂
Belly Button Elf was my favorite.
Stimpy you idiot!!
wow. you just aged yourself but your assesment is spot on.
LOL
My rent here in the Philippines is about $320 per month for a nice, two-story house in a nice subdivision. And as far as my employer is concerned, I'm still in the US. I even have the same public IP address as a family member back in FL. 😁
which region?
@@gg-cr1te Calabarzon. Not too far from Metro Manila. The type of house I rent would be more expensive in MM.
This. Move to a cheaper/ lower cost of living country in South America or South East Asia (Thailand, Bali, etc...) Housing costs in America (and recently Canada) are out of control and just seems to be going up with inflation. It's much worse for those who have student loan debts, medical debt and/or kids....
@@hansoneliirc Dorian has a home of his own, but I think it's just difficult to have a family in this economy unless both parents are working
thats fraud dude, lol, where do you pay taxes?
Wow... $150k and you're living paycheck to paycheck. Just think of the many people who are making a whole lot less.
That's not an argument. I made $150K for 10 straight years and it doesn't mean you're independently wealthy. Inflation made it not that much. And you didn't support shutting the world down over sniffles and paying people to stay home for years... right? because you knew that would cause inflation... right?
@@bigneiltoo it is an argument, because it not JUST inflation, its people mismanaging their money and living grossly beyond their means. You can absolutely live comfortably on half what this guys making, despite inflation.
@@anab0lic Just because we can live on half doesn't mean it's okay for the Government to steal half by doubling the money supply. By your logic it's okay if a robber only steals half your money.
@@bigneiltoo sounds like you need to educate yourself on what causes inflation/price increases, more money in circulation is not the issue. A common held economic misconception, that big businesses want you to believe is true.
150K/year is a decent amount if youre SINGLE living in a high cost of living area. If you have to support more than one person(children) under your salary, then yeah its going to be tough living with 150k espically in places like Seattle, NYC, DC, SF, LA, etc.
I know some people that live with under 100k but live paycheck to paycheck and have high debt and interest rates in their CC.
how is it that they make 100k + and they have debt and live paycheck to paycheck ?
@@JC-fd8ho I meant under 100k but they live with roommates
@@JC-fd8ho 100k isn't a lot because we let women vote and they voted to open the border, end Keystone, outsource the jobs, shut the world down over sniffles, send $200B to Ukraine to blow up and end Due Process to get Trump.
We are a single-income family of 5. My spouse has not worked for the last 10 years but stayed home to take care of the kids. I worked very hard in my programming career during that 10 years to get to the $100k salary in 2022.
We bought our house in 2012, knowing we only wanted one of our income to sustain our cost-of-living expenses, so our mortgage is very affordable. We had plans to upgrade house but with houses priced $350-500k in our MN market, we decided to stay put.
Prior to this income, we lived barebones while paying off debt, learned financially literacy, and only started investing in 2020 in our 30s while growing our family. With this income, we are able to take small vacations, go camping during the summers and eat out about 1-3 times monthly. Our recent family planning changes, lifestyle choices, and money priorities has allowed us to increase our quality of life, get life insurance, have a fully funded emergency fund, and also invest in our retirement accounts, 529s for the kids, HSAs, gifting, discretionary spending, we pay for our parents' bills and we just bought a new-to-us SUV in 2023.
Once my spouse gets a job in this crazy market, we'll be a double-income family, but the extra money will be used to speed up our savings goals. Getting off living paycheck to paycheck is doable, but it takes purposeful alignment, planning, and focus on life/financial goals from both partners.
@@JC-fd8homany reasons, 1. high cost living area, not everyone wants to live in a ghetto
2. The more you earn, the more you are taxed. Not only that, you may even end up owing the IRS more money when filling taxes
3. High cost of living area e.g. San Francisco Bay Area, Manhattan, Los Angeles area, Boston, Seattle, etc.
Rent is expensive. I pay $4k/month on rent. Food costs have gone through the roof, I probably spend $1kish a month on food. Electricity here in the Bay area is costly as well thanks to the sham known as PG&E.
My only mistake are car payments which are almost $2k/month for my car and my wife's car.
Also because originally we came from different religious backgrounds, she has expensive student loans and I don't.
Thanks for being so open and honest about your life and a variety of issues in it. Youve helped put things into perspective for me in the past and and also helped inspire some interesting thoughts and changes. Stay well and keep it real man, this type of discussion is needed
Respectfully, I would need to see receipts. There are plenty of people working less technical labor jobs that don’t pay as much and are going through the same thing.
Again respectfully, I think you are either spending more than realize or your definition of being a wage slave is drastically different than how most others might define it.
Depends on the states. If he can, he should move to a bettere managed state.
Yes, complete breakdown is needed. There are lot of examples on r/povertyfinance if anyone's interested
Very first thing I said when I saw the title. I've seen way to many people talk about being wage slaves when there are obvious areas they can drastically reduce their monthly spending by making a few changes.
Watching this video as well as the other videos he's posted on this topic, it feels to me that there is lifestyle creep that has happened through his adjustment of income that it seems he's attempting to justify as necessities instead of things that he simply wants to have. He throws in the statement in this video "I pay 3000 dollars in rent to be able to live in a 600k household in a high cost of living area" while also stating that he had a nicer place when he was living in Vegas. If he wants to live in a high cost of living area, then you need to have a bigger income to be able to afford it, or accept that he will have less over in his savings for the quality of life that his income is providing for. You also have a stay at home wife with homeschool kids; I'd imagine that's going to cost you more in an economy that generally has more advantages for dual income earners. Not to say any of these things are bad, but when you put out online the conclusion that you're just asking for basic necessities it's disingenuous towards other individuals that are making way less than this believing that if they had the same income they would still have issues within their lifestyle.
I don't even really mind he's moving internationally as his answer to resolve these issues. My main issue is that the message his videos brings to his general audience is that even on a 6 figure income that only 10% of people make within our economy life in America is unaffordable until you hit the top 1% of income earners making over 500k, when that simply isn't true.
@@TFDusk True, moving to the country is another solution. City life more expensive. Avoid states that have high taxes if you can. Write your sentaors about paying off the debt to improve the value of the dollar. A lot more can be done. Leaving the USA is actually a last resort if which will happen alot more if fools in charge both parties keep avoiding dealing with inflation.
everyone who talks like this on a low income "forgets" to tell you they have a rent stabilized apartment or mortgage from 2010
Most people aren’t even making 75K. You have the luxury of a having a stay at home wife, who can raise kids and not work. That’s where your money is going. It’s not “rent, food, gas” it’s the fact that your wife doesn’t work. Most families have 2 working parents. I repeat, it’s a LUXURY to have a stay at home wife.
That used to be the normal. Its kinda strange how inflation has made it a luxury
@@pranav7471 Was it normal? was it normal in 1850? Was it normal in 1900? How about 1935? Or was it normal for a short time from about 1950 onwards
A wife at home is a luxury now huh? 😂
dude found the answer from a 7 min video. The issue is definitely not related to other factors that Dorian didn't share for sure ...
My wife stays at home and we homeschool. It's easily doable.
For some, a wife working is not worth the child care. This is why my cousins wife stays home, for their new newborn twins and 2 toddler Daycare is 1800$ a month, you hears that correct 1800 a month they would not be able to afford that, and is CHEAPER to be home.
This is going to sound crazy, but my situation is the opposite. I make much much less money than that driving a bus and I'm completely happy. I live in a nice enough area and I got pretty much everything I ever wanted. So, sometimes it depends on where you live, lifestyle and what your focuses are. I will also be doing some of the travel that you were talking about a few videos back. I just came back from a trip to Mexico and will be going to Thailand a few weeks from now too. I only drive a bus and am doing all of this.
Single? Or do have partner or family to support?
And also what's your monthly cost, it you don't mind me asking
Since you mentioned traveling to Mexico and Thailand I am gonna assume you are single. Thats completely different. As a single you can even sleep in car, eat from dumpsters and buy no clothes for a whole year...😂
@@afrivox Thats the beauty of being single.
Lol 😂 this dude is hilarious… bro we all could drive a bus 🚌 and be happy when we single. You have no idea what it is to be a head of household…
Financial planning is like navigation. If you know where you are and where you want to go, navigation isn't such a great problem. It's when you don't know the two points that it's difficult
Now with the recent economy, To get Financial FREEDOM you have to be making money while you're asleep.
True though unfortunately mine always end up with losses 😭
Building a good investment portfolio is more complex so I would recommend you seek Brian Nelson support. This way you can get strategies designed to address your unique long/short-term goals and financial dreams..
Lol man imagine 50000 a year lol or 40000 and raising kids with that income!!
That’s the average income too
Thats why i dont even want kids. Only making 50k a year is now days been broke. Imagine your wife is preg u need to take care of them for a while with only 50k?. Im sorry i cant do it. I rather die alone
@@fastdeliveryl708 yes and then you also have a wife who is probably on social media so once she sees a man with more she ditches you or if she is seeing other husbands are doing more for their wives she will slowly start to resent you and want you to do more... social media gave women lot of options lol. its just too risky being a man only making 50k. plus the stress etc. im sorry but i just can't handle it but it sucks because u definitely want a family but in todays age its just too risky. then you also have to factor in layoffs or an upcoming recession if there is one.
Yeah, that would suck.
@@fastdeliveryl708just wait till you can financially support them. I can promise you the regret of having no children to carry your legacy will be much heavier than the regret of having saved a couple bucks
I feel you. Living in Toronto I started making 100k a few years back and I felt poorer than ever. Things really have just gotten expensive very quick, specifically essentials. Rent in Toronto is out of control. Food is expensive. Every single activity is expensive. My climbing gym went from costing 55 bucks a month in 2019 to 95 bucks a month now. Good haircuts went from being 25-30 bucks to 50 bucks. It's just crazy.
An espresso now costs $5. That's $150 a month.
Toronto is an overrated overly expensive dump.
@@bigneiltoo Then don't drink espresso.
@@michaelmagill5466 Then don't comment then. So if inflation makes things I like too expensive, the solution is to just not have those things? That is perhaps the dumbest "argument" I ever heard. Maybe you can not lock the world down for years because you're so frightened you maybe might catch sniffles. Maybe you can not allow 12M illegal invaders to take our jobs and resources.
Maybe don’t go to a fancy gym that cost more than an entire years worth of a PF membership.
Your rent is too damn high. You have to think whether you are a high wage earner amongst the people in the HCOL city. Building and feeling the wealth is always the differential between cash flow and cost. The simple example is 120k in Bay Area California is not the same as 120k in Kansas. Exaggerating here, but an income of 60k with 12k of cost is 48k vs income of 120k and 72k cost is still 48k.
Is it possible to get a remote gig for equivalent pay, and live somewhere else?
In the Midwest you can get an entire 4 bedroom 2 bathroom for like 1-1.2k rent with utilities that's looking like 1.2k-1.5k, you'll bring back like an extra 20 thousand to breathe.
IDK, it's not about location, it's about when you got the lease. I am in a HCOL area and can't afford to move because no matter how far out I look, no matter how bad the area, rents still are over 2500. Worst part? No one currently living there actually pays that much. But the landlords refuse to budge on the ridiculous rents they're asking
I feel your content has somehow shifted very negative, repetitive and clickbait’ish. I think this happens to all creators who depend on RUclips income eventually? I would bet that you know this yourself…
From my POV, you have a skill that is remote AND a US passport. Struggling on 150k usd + youtube income? Move to a cheaper location, problem solved. Its not that hard brother?
A lot of Americans will be shocked once they leave the US how good it actually is in other countries. EU for example has amazing places to have a family prosper even with 80-100k euro gross you will be living it up.
America is broken, i realised it when i visited it almost 10 years ago. Once i got to know it I was so confused, i thought why would anyone want to go here in the first place?
Anyway, i hope you find peace and tranquility. Its out there.
He does not want to practice that skill anymore. All that he says is true but I have wondered if he is a bit depressed as well.
My product manager had his first son at 43 cause he wanna made his first 2 homes with his tough programming career... after that he got a masters on business and took a management role to get that stress off as a full stack programmer. So ... got a child. Remember he saying that 200k wasn't enough for his lifestyle.... now that I hear you, everything starts making sense
Man, if getting a child means that sacrifice.... I dont see myself doing that shii tbh
Your manager seems a bit extreme and paranoid. Probably just lifestyle creep on his part, you can support kids on a much lower income. But it's still a huge sacrifice and a shit ton of work, so it's totally a personal decision and I don't think everyone should have kids.
But I always say - nothing worth doing in life is easy. If all you want is a super easy life, you will end up doing nothing.
@trentbosnic you can't call creep to someone's who really made his words come true. I mean, after all, if you want to have kids, it would be better to have some parameters and make'em shine as bright as you can before to have them. My point is this, only those who can provide for home, food, and security are the ones who should get fewer problems raising healthy families. Especially in America, and all this stuff is gonna take some realistic time and focus of your life to build it... (Don't forget the IQ and learning curve. Every individual has to determine their actual probabilities to get all this before kiddos happen. If you can't accomplish it, you better rethink your future. Im actually 28 and doing 95k per year, not even thinking of touching a girl that serious until 30 ish)...
I have a somewhat less income, but lower expenses, and similar sentiment. I remeber $100 used to buy a lot of food but not so much anymore. Taxes take a huge chunk. Your RUclips income has an extra 7.5% tax called self employment tax to cover the Boomers social security. Kids are unaffordable in the US nowadays.
In other words….The math ain’t Mathing!!!
I’m in the same boat worked my way up to $130,000 and still broke. I keep my costs low and don’t live extravagant I’m seriously considering moving to Puerto Rico or some place similar.
Sounds like you have a budgeting problem. After $3k in rent & utilities, you still have about $6k left over. This don't make no sense.
No.. you are not considering taxes. when he gets paid, is probably making around 5k a month after taxes. 3k for rent and expenses and then he got only left 2k, for the family to have fun or save. Which now days is nothing.
@@fastdeliveryl708if there were no taxes, he'd bring home 12.5K. so sounds like he is considering taxes. Has the channel said where he lives?
he said that he makes around 120k@@roshunepp. i watched the other day a similar video and a guy showed his paystub making the same amount. and he got left around 5k a month after taxes. so DORIAN is right. he pays 3k in RENT, utilities etc. and got left 2k a month. NOW we dont know if they own their cars or they make car payments. so hes right . if he lives in a HIGH cost living area , hes living pay check to paycheck. i live in a small town is in SC , and let me tell you that for a small town eveything got really expensive . I only make 50k a year and i barely can only sustain myself.
@@fastdeliveryl708 It shocks people that people with 150k salary have a biweekly paycheck of 3k (provided you're making out your retirement, HSA, etc.).
The man has a family, you know you gotta feed the kids huh?
"Six figures" isn't a magic bullet.
$150k + Single-income family + high cost of living area means you're possibly in the same boat as a single guy pulling $37.5k in a reasonable cost of living area.
You started at the bottom like I did. You probably saw 150k like I did, thought that was rich. In 2000 it probably was close to it. Single earner household with kids and it's more of a comfortable lifestyle now. Around the upper middle class boundary. I think the insane increase in prices, specifically house prices, is part of what makes it feel like it's not enough. It's still comfortable but, it's not what it used to be. One thing that I don't think you're taking into account is longevity. Your income history is not very long. You do well then you spend it in trying a new way of life. I get it, I don't like the corporate world either. Cubicles may as well have bars. But, you need to save and invest with your gains for years if you want to feel wealthy. It sucks because it takes forever to get compound interest really going. When your wife is able to work that can really help out in you two building wealth. Consistent boring low cost ETF's over years.
I'd love to see a breakdown of what's coming in and what's going out. You might see that as too personal, but I'd love to see it!
Thanks for sharing this. As many others have stated, it helps to hear others are having the same experience. A 3k+ housing expense is killer. It's unfortunate that's the reality nowadays
My wife and I clear a little over $200k combined. We've been trying to buy a home for 3 years now. We have no student loans, credit card debt - and I drive a 2011 Silverado, she drives a paid off 2019 Subaru. We commonly joke about what it would be like to make this income in 2019.
I think about 2019 a lot these days. We could buy just about any house we wanted, any vehicle, any 'toy' etc.. and still had money left to save aggressively. On top of this, our income will drop to my salary ($140k) at some point in the future because we want a kid, and we also want my wife to be a SAHM for at least a year or two. Gives me anxiety just thinking about it.
Are you living check to check? How can you be loving check to check at 200… there are ppl making 50 a year but I get it lol once you earn more you have to buy house save for retirement etc
It's quite universal, isn't it? It makes one feel bad about complaining, when you know you earn loads, but it just goes away even when you keep your expenses low and lifestyle low level.
If you’re able to earn $150k/annum as a digital nomad, please consider that the USA has a plethora of small & medium cities where you can buy land and build a custom home. Unless you’re planning to permanently leave the USA, you’ll need a place to return that’ll be affordable, that’ll be yours.
When you get to Thailand or Vietnam, you’ll understand the importance of creating a home somewhere familiar.
You’re on the right path living your values!
You may have to move. At 150k in a HCOL, that salary doesn't give you the "save, vacation, invest" middle-class lifestyle with kids. You can only get that lifestyle if you live far away from that HCOL city and commute 1hr+
wage slave and 150k in same sentence kinda wild dawg. Would renting an apartment be cheaper than renting house? also why not make some sacrifices and have wife work so you can put a downpayment on a house? You have to make some sacrifices in short term.
the most annoying expenses are without doubt - rent and taxes.
I am really thinking hard about how to avoid both :D
I own my condo outright now but I still have tons of bills. Condo fees and property taxes are $500 a month. That's what rent used to cost. Add in utilities and food, and some storage units etc and it still costs $2000 a month. And now the economy sucks and I'm back between contracts.
Same here in Canada, making 110k and still unable to afford a 600 sq ft condo that’s going for 600-800k +
I feel for you. I have the same situation in Germany. It's really funny what has happened in the last few years. Inflation rates are deliberately stated to be lower than they actually are. Even if you're a well-earning doctor or engineer, you're no longer special.
The consolidation of the housing market in developed countries is creating a crisis that the rest of us are all feeling to various degrees but they're all growing intolerable. More and more housing is controlled by fewer and fewer hands, and is becoming a purely speculative investment market for people that don't even actually produce any value in the grand scheme of it all... and any proposals for regulation and redistributive change are immediately denounced as "socialism" but who are the real "socialists" here, sitting on their pampered asses and sucking ever-increasing monthly rents out of us?
The red scare-style scare tactics deployed against meaningful reforms like this are the actual threat to America and Western Civilization as a whole. The contradictions here thay you speak of and we pretty much all feel, regardless of your personal politics or socio-economic status are going to eventually become so unbearable that the end result will be devastation, unless serious change doesn't happen soon.
We can largely keep our market-based economy while still alleviating these enormous problems that the capitalist fundamentalists refuse to engage in good faith with. We can't if Americans keep buying into the red scare-mongering and manufactured culture war bullshit they fundamentalists keep selling us, though. 🤷♂️🤦♂️🇺🇲
Thanks for sharing. It kind of helps to remember that I'm not the only one feeling that way.
I'm same as you. Similar salary in tech, and feel all the same. I'm in higher COL as you also. I appreciate your honesty in your channel. Your previous video about hating your job hit me in the feels. I budget to my best ability and invest as much as I can. But buying a house in a good neighborhood is becoming extremely hard. The best get it, and everyone else gets priced out. It just makes it so we can't rest on our laurels, and have to continue to level up in jobs we hate just to stay afloat.
Was with you until "have to continue to level up in jobs we hate just to stay afloat"
Don't level up in a job you hate. Fly under the radar. Do the absolute fucking minimum, and use any time that buys you to work on your own projects. Currently doing this, I work remotely and spend the first 2 hours of my work day working on my own stuff, which is generating income and I will continue to grow it. Hell, You've been watching Dorian do this, he was still uploading YT videos while working a job he hated.
My dream is to earn like 2-2.5k euros per month here in my country so I can move at some village close to a big town and build a house there and live happily. Unfortunately with the current job market I feel doomed :( I have only 1 year of experience and currently I am earning 1k euro per month and I know it will take some time to improve that, but this field is so shaky right now with AI and everything..
1year experience earning 1k euro, you're doing better than you think , you'll get there for sure
Awesome plan you have ngl. Make it work
Same income. I'm in a "hood" outer area of NYC with cheap way below market rent and don't travel and do 100 things to save money and feel poor. Taxes are a huge issue, being taxed like a rich person is a huge issue. Taxes are my biggest expense; meanwhile I could not afford a lower-end market-rate apartment. Something is broken
I can 100% relate with this. I’m in a very similar position. And yes, I get it, the worlds tiniest 🎻🎻🎻 but it’s the reality. 150-200k per year just isn’t what it used to be, not by a long shot!!
And it's hard to get those jobs. And your life will usually suck. If you're a software engineer it's like a rule that your manager will make sure you hate your life.
could you maybe make a balance sheet? With expenses?
that would be a great idea for a new video if he is comfy sharing lol.
The math doesn't seem to add up to me. 3k month x12 comes out to 36k a year in rent. While thats alot of money, if we assume an 80k post tax income, that still leaves well over 40k a year to live off.
$3k a month for rent is crazy to me. After taxes that sounds like it’s close to 40% of your take home pay
Its pretty wild man. Its even more wild that 37% of the country continues to deny the fact that this issue exists. I am in the same boat as you, I made $150k last year through my own business, but it just seems like it still isn't enough. The new 100k is 250k.
Dude, I'm in the same boat.... I went to college with the dream of making six figures at some point. I thought when you hit six figures, you're set... I thought I'd be driving a nice truck, have already bought a nice house and have plenty of money in savings and lots of cool toys..... Now, I've far surpassed that 100k mark, and not much has changed, except for the fact that I now have a stay at home wife and 3 kids. I just feel blessed that I can afford Orange County and afford to keep my wife at home with the kids. That's way more valuable to me than having nice things.
You’re gonna be ballin even making $50k in Asia
5 min in and I subbed. Super great channel. Love from Palm Beach
Inflation will make us all poor, and only those who own assets will have any semblance of a quality of life. It's already happened for 70+ years. I make 70k in MCOL in my early 20s and people say I'm doing well but that just means I can afford to barely exist as an independent person rather than having 4+ roommates or living at my parent's house. Essentially we are all racing to become burgeoisie who profit off their assets and investments rather than labor before the window closes, and it becomes impossible for most poor people to ever have a retirement, home, so on, which will happen unless we stop the regressive tax of inflation.
I think alot of the people here are thinking that like Dorian is saying he’s broke but he’s not… what he saying is that it’s just not worth it to stay out here when cost of living being the head of the household makes no sense in 2024. If you single you won’t understand this conversation. Rent for any basic home is 2700 in the U.S. you can go outside of the U.S. and have a mansion for that price. A great condo in downtown in Asia is under 1k, childcare is 1/5 cost, can eat out everyday if you like for under 800 some of you guys say having a wife at home is a luxury but it’s not just childcare alone per kid 900 minimum. you can have a better lifestyle outside of the U.S. and still have extra money to invest and take risk. Most people can’t do this here and if you have a year or 2 restructure your life go for it!!
Listening too you my life lost its meaning im a slave 😢
That’s not a wage slave problem, that’s a debt slave due to rent/mortgage. Thats a massive part of your income. Probably too much according to bankers or financial analysts?
Appreciate the honesty !!'
I think a lot of people take for granted lifestyle creep. While it's usually a boiling frog type of situation it's true that you start to justify more and more expenses you didn't normally consider and it becomes normalised. If we think of how we live when we are perhaps 20 years old and by ourselves for the first time vs later on when we have a full time salary it's night and day. Bus vs car, nicer food, nicer nights out, nicer items. I know people who make half a million a year and are paycheck to paycheck. Heck look at all those pro athletes who made millions per year and then quickly go broke. Attitude towards money and expectations need to be addressed if you want to tackle the actual problem. As well most consumerism is a joke. There isn't that many items one actually needs. Personally I am a sucker for travel and experiences though.
With you though 150K as I believe the sole income provider with two(?) kids as you said your wife homeschools them so I imagine she's stay at home without a traditional income. Plus the quitting for long travel across Europe last year. It doesn't go as far as you'd think.
I think you just gotta really ask yourself what you really want out of life realistically. That's the vibe I've been getting from you for the past year. As long as you take care of your family as a man there is no wrong answer. Though I will tell you that being a digital nomad abroad will feel routine and a drag after a while too if you don't find the actual feeling your looking for. The feeling is probably real purpose and outside of finding truly fulfilling work in a field you love (which is rare think like great scientists or musicians or artists who live an die for their trade) or some kind or religious experience or a charity mission. It will be hard to find.
What part of the US do you live though?
hell , any part of the US is like this now.
@@johnjohns_channel false
Not Vegas 😂
That's the life when you sell time for money, your income is limited by your hours. Equity is key to quit the rat race.
My husband and I make quite a bit less than $100k together and we are making it and feel blessed for what we have. Life was always paycheck to paycheck for us, especially when we were raising our children. It's a little better now that they are grown and out on their own, but I don't see retirement in our future any time soon and that's okay when I see people who retire, just sit around, get sick and then die (sad but true). I've also worked a part time job since 2008 to help pay for the extras. Working doesn't bother me, especially since I enjoy the work that I do.
Work doesn't bother me. Not being able to find a job when I have 30 years experience does.
The type of vehicle you drive does not equate to how well off or not that you are. A lot of people are car broke. They drive and have a loan for way more car than they really should be paying for. Best advice is to never buy a brand new vehicle. I did this for 40 years and never t took me that long to wake up and smell the new car coffee! I bought a used car from Carmax the last time I bought a car and I felt liberated! It’s an awesome vehicle and the saved sooooo much money!
My advice is to do a financial audit of the last few years to see where the difference is. Where is 2/3 of your net income going ? After you assess you can make a budget and have a retirement plan as well as an emergency fund of at least 6 months. Those are the goals I would work toward. Also if you have children looking into a 529 account for school is a good idea. I hope this helps. Good luck 👍
Don’t spend 72k a year in rent.
And get your wife a job.
Problem solved.
But Daycare though....
Then you have to hire somebody to raise your kids instead of you. In todays world, it's not even safe to trust public education system whatsoever - let alone the day care. Finding a job isn't a solution at this point. If you decide to take responsibility and make babies - you have to be able to insure their safety and proper upbringing. Child care and public education will ruin your kids.
@@Pickleboy2011meh. Kinda sound like a helicopter…
Just teach his wife coding and let her freelance.
Getting your wife a job is not a solution, there will be more expenses in the future and both of them will be pressured. He should just find a cheaper house. That's it
You should go on the Caleb hammer show! Idk where you live and he’s in Texas but this would be a cross over I would love to see
I feel the same - real estate taxes, insurance premiums for life, disability, healthcare, vehicles, no mention of sales, income and social insecurity taxes will erode $100k like nothing and then top it off with expenses on raising children….and I am assuming one is debt free-no interest to pay… Inflation is by far the most hideous tax on income!
Bro you messed by starting a family. 150k as a single man you would be living it up 🎉
A lot of dogshit takes in the comments today but this one is incredible
150k doesnt get you much. Trust me even as single.
@@isaack7457 imo if your single with 150k means you will have a much higher savings rate which will compound and means you can retire earlier. This essentially will buy the freedom he so desires.
This is exactly how I feel and I'm in a similar place (just my job). I should be very comfortable but I basically have the same lifestyle I had a decade ago when I earnt only half of what I do now.
You should consider moving to Spokane Wa, it’s considerably lower cost of living and with your experience you could easily get another job that pays 120k+.Also the company I work for in Spokane offers full remote so we have employees all over the US
Look when you were complaining about the car .. my first reaction was .. you have a car? .. you have house .. Man you are doing good, much better than most people. Just move to smaller and cheaper, sell car, etc. and you quickly find yourself a plenty of money to spare. Doesn't matter how much stuff you buy that doesn't make you feel better or happier. That's literally proven by science. So the problem is not in your cash-flow or your spending .. the problem is in your head. Try gratitude and maybe you realize you don't need big house or anything beyond the absolute necessities. It's literally just a state of mind nothing else.
like others already said it's universal and to me it seems always worser than ever. I doubt it would be suddenly better than now too. I do not want to work 90% of my life to pay taxes if at the end I have to pay in any case EVERYTHING i need + VAT on food, healt and so on.
How is this even possible? I make less than $50,000 a year and put at least $10,000 a year into savings. The key is to not spend more than a weeks salary on your rent/utilities. Apparently you make nearly $3000 a week, so this shouldn't be an issue, even paying over $3000 a month like you said. The thing is, you can get a decent 2 BR place for under $1000 a month, and a luxury 2 BR place for under $2000 a month.
The trick is to keep shelter and basic essentials as low cost as possible while still living comfortably. My rent recently went up, but for the most part for the last several years, my total cost of rent, utilities, car payment (none), cell phone, car insurance and internet per month was about the same or less than my weekly salary.
If you live in California, that salary isn't much. If you have kids, that salary in this day and age is not great.
Really eye-opening comments! I always felt chasing money provides diminishing returns and this video proved it.
I advise all of you to invest your money in your skills and education. I got Cambridge's CPE certificate in 2016. It cost me $200 for the textbook and the exam but the confidence I got and the impression on my clients is way beyond what I expected from that investment.
If you have the money, invest it in your skills!!
As someone making 40k in Atlanta living with my head barely above water, this is one where you kind of lose me.
It goes to show how the same amount of money means nothing now. My husband and I sold our home in an expensive area and moved to an area where home prices were almost half of what we sold our home for. We don’t have a mortgage any more but utilities and getting groceries OMG. We have two small kids and they eat up staples like milk and eggs like crazy. I even buy store brand to save money but leaving the market with a bag or two of food and spending more then $50. What the hell! The inflation since 2020 bc of the ….. you know what… has screwed everything up so bad and I don’t see it ever going back. Prices go up double and they only come down a quarter and we r supposed to be happy and thanking our overlords for their kindness. It’s easy to see how entry level six figures feels like nothing these days.
All the videos are negative af. Gonna unsubscribe
😂 I’m saying shit got me depressed af
Yup, this guy lost me as a sub bitching about making more than most of the country, he’s got greed issues
@@aroncanapa5796 lol ur a clown grown man can’t make 40k a year…. There’s 20 year old who reel in that
150 for a single income is on par with what your experiencing. Everything is so expensive right now
Crazy, I’m right there with you.
Im in a lower cost of living area and make in the 50K range (its different every year due to bookings) and im barely making it. I dont know how some others can do it. Im looking for a second job.
Hacking should be legal in the US against Conservatives and Russia
Had we legalized it back in 2013, Russia wouldn't have taken Crimea on 2014!
Oh cmon, stop
Agreed. Anyone making 150k has no right to complain. People out here making 70k and are happy.
@@SoldierofGod. I am from Moscow and here 25-30k is already very-very good. I am a young 29 y.o. man and I do like 10k, i live with my wife, per month: 300$ for rent and all services like electricity etc included, 200$ for food almost without limits, like 100-150$ for fastfood + restaurants once per week. We never felt lack of money. My wife does like 5k.
Obviously we plan to have kids and we must do more money like 2x at least. I am an account manager and she mades handmade goods and sells them on marketplaces. We are nothing special rn.
@@mkstlzI pray God makes it easier for you
@@filhanislamictv8712 if you are honest, thank you, but I know there are people that struggle 1000 times more than me, we are living a good live actually. We have to understand that there are people that have times harder than we have and be grateful for what we have in our life currently.
$100k is the new $50k.
And 50K is the new 25K 😢
@@kimkaragiannis848 damn I remember back in the 90s if you were making 50k a year you were set.
I mean I literally see 1 bedroom apartments in my area for $1000 a month, no one told you to go rent a full overpriced house. Don't need to move to a different country to cut back the US is pretty damn big.
Sometimes you understand why scammers are scammers
I live in Los Angeles and make almost 200k as a lead DevOps engineer. Federal and State take 40% out of my checks. My bonus this year was 17k my bring home from that was 8k after tax. I don’t have kids though. But yeah, 15 years of hard work, a marriage, and daily stress and anxiety. It’s infuriating, especially when you see how your tax money is spent. I had to take an ambulance to the hospital last year and received yet another bill from the city 1200. WTF When I file this year I’ll likely owe again. I can’t help but feel like I’m getting screwed out of my hard work. Not including inflation. 🤬 I too cannot afford a house. Even in shitty neighborhoods in Los Angeles you’re looking at 1million or more for a house.
I’m planning to move to Florida by the end of this year. I’m tired of California. I can buy a house there.
Florida is way worse lol
@@demodiums7216 Can you elaborate?
It is pretty crazy out there. I think those people that purchased homes before the pandemic at a semi decent price are better off, but now. Imagine if you would still live in Miami and pay 5k for a home instead of 3k that you are paying now. Housing in the US and Canada is becoming so unaffordable in highly desirable locations. I have a law degree and I used to work at a Law Firm making around 60k and I ended up becoming a truck owner operator in the oil fields, basically living inside the truck to make twice what I used to make, at a tremendous cost of a social live, health and family. I have been thinking about moving out of the States too, to a lower cost of living country and possibly work remotely.ñ and live of my small VA disability check. Having been raised in Cuba, I then become an Infantry Ranger, I don’t need anything fancy to be happy. Like a quote I heard recently the American Dream is truly a Dream because you have to be asleep to really believe it. Another quote says: the new American dream is to make enough money to leave America.
That's mid-level software engineer salary in Seattle. Once you make senior or staff it's very possible to triple your take home money.
if you work remote, move to a cheaper place, you can live in Midwest and rent for $1000/mo and now you save $2000 mo, $24K / year you can travel few times a year for sure
Why not get a 2 Bedroom apartment and sacrifice for 3 or 4 Years will Hugely Impact your income. Saving probably a Extra 1,500k
one room for working, one room for child, one room for sleep, how could he make room?
It’s only worth moving to Asia if you keep your $150k/year and move to a low cost of living area. But most people living in Asia are also on Asian incomes (hint: $20 per DAY for a registered nurse like me) so even if you live on this side of the world, with an income like mine you’ll still feel poor. No- you ARE poor.
Same. Except for a whole bunch of shoes… 😅
This is exactly how I feel top every single aspect
Thats why i stay in my hometown. Would love to live somewhere tropical though 😊
You are incredibly privileged, this is so difficult and sad to watch. Honestly start a gratitude journal and donate your time to people who are less well off. You desperately need perspective
3k!?! Yeah it’s time to buy. As soon as interest rates drop man… at least 90% of people want what you have
A 10/10 video.
Life is expensive and it's only getting worse.
I'm not sure what you're talking about, 150,000 would be a dream for me.
Sounds like you need to connect with Anton Daniels 😎🔥 and Bindenomics is kicking my tail too.
I have a lot of respect for you being transparent, I'm about where you are at, only I don't have youtube money, I just have some properties that I've invested in, I don't have much, just 2 properties, but it's insane how the home prices have changed and how much they are now. You are making great valid criticisms, homes NOW are being sold with HOA's, which is UNHEARD OF. NO PRICE for an HOA is worth it with the rules they enforce and how much they could charge you for breaking those rules. It's crazy. I feel the same way, I never expected to make the top 1% of earners but am still struggling to get what I want.
In poland there are jobs for USA that can make you between 4000-6000 USD per month, while rent for a 1000 bucks means luxury.
can you explain further?
@@liamprice2501 it means you can work for western or us Corp, make 50 000 k per year and live a luxurious lifestyle. In Poland minimal wagę is about 1000 USD pre tax. 2000 pre tax is a very good salary.
Dorian go to UAE it is 0 tax and u keep the same quality of life. I dont think moving to cambodia or india will benefit u or your family. There is a reason why people who live in third world countries wanna leave it and it is not money believe me...
You cant use $100k/yr and wage slave in the same topic. There are so many people barely making $30-50k, and you’re making 2-3x. Maybe its time to quit and get a job like most people, making $10-20/hr. Having to commute to this job that you REALLY hate, and get paid crap. Maybe your sense of wage slave could be reset lol
He can say he's a wag slave with a 6 figure income. What the missing context is that he's making the active choice to rent in a place that he cannot afford in a high cost of living area that requires more than a low 6 figure income salary to be able to live comfortably in. What people need to stop doing is claiming they're living on "basic necessities", while being able to afford a lifestyle most people would only hope to be able to get for themselves.
One word: inflation.
I make 120k while I live in India remotely and that's the only way I feel the money gives me a little bit of cushion. There is no way I would want to be working for 120k if I were to be living in the states. It would suck. The trick is to live outside states in Asia while making the American money. But India is getting expensive as well, what when Asia is at par with the west, not sure maybe the moon. lol.
Fucking terrifying hearing this when I'm just studying to maaaybe be a linux junior admin one day. All for the sole purpose of being of having more freedom and support someone.
Money is a narcotic, banks and corpos are the dealers. Are you broke because you have bough too much of that life numbness feeling called comfort? Cmon, get off it. You know that stuff kills ;)