Whenever I write long comments, they get hidden, so I hope Raymond sees this. In the broad strokes, and many of the specifics, he is correct. It's all about priorities and spending. I make about $50k and my wife is a homemaker and homeschooler. We have 4 kids and it's doable if you're not keeping up with the Joneses. We thrift shop frequently, especially for kids clothes (which are about 10-15% the price of new), lots of hand-me-downs, our newest vehicle is a 2005 Suburban, which we got for seating capacity. It was about $8k when we bought it 5 years ago and now well over 200k miles. Had to replace the engine a couple years ago and found an old shade tree mechanic who did it for half the price the local shop wanted. We have internet (about $100 per month) and budget cell phones that are nearly 6 years old (and needing an upgrade). They've got no-contract service plans and cost about $60 per month. The only real advantage (and it's a big one) that my wife and I have is that we inherited our house from her bachelor uncle. It's not much to write home about. Less than 2k square feet and in need of a lot of work, which we must do ourselves as paying contractors is too expensive. 2 bedrooms, 1 bathroom. But it's in the countryside on a 3.75 acre lot (the land isn't great and is prone to flooding) a few miles from a decent sized small town where I work. Our largest expenditure is probably fuel and energy. Electricity is about $100 a month during low use, but in the summer with AC running, it's around $300. And propane is on a level plan that's over $200 a month. Gasoline is probably $150 or so per month. Beyond that, the largest optional expenses are health related - chiropractor visits, supplements, and dental (totals about $3,300 per year, and is paid with tax free income under a section 125 flexible health spending account), and we buy our meat from farmers and ranchers we know. Inflation increasing the cost of consumer goods has caused some difficulty. Every full cart of groceries at Walmart is guaranteed to be $200-300 and we shop like that probably 3 or 4 times a month. So, like Raymond said, about $1k per month. We also eat fast food way too frequently, and with us and 4 kids, it's about $60. I just checked our mobile banking account and saw that we spent nearly $400 in the last 30 days on fast food. We don't have cable / satellite, don't buy new vehicles and hardly ever buy new clothing. We avoid most name brand anything. I could go on, but will not. The only things we should have and don't are home insurance (it's apparently uninsurable in its present condition) and retirement savings (I'm intending to enroll in my company's 401k soon - they match contributions up to 6%). TLDR - Married, 4 kids, one income $50k. We're not as disciplined as we could be and it's still doable. Just don't spend like an idiot.
Thank you for the comment, and YES I DID SEE IT! $50k is absolutely doable, especially with no house payment. Thank you for giving me the real world numbers. The house probably only needs a roof to be insurable, I ran into the exact same thing on my first house. But you know how insurance works, much like social security, you're going to pay into it your whole life and when the time comes for them to write a check, they will be nowhere to be found. I congratulate you on having children, I am so envious of you in that regard. That suburban is a gem, it will run for many years to come. Great year, good choice. Don't worry about retirement. I firmly believe that through both inflation and outright confiscation, the government WILL make sure NONE of us have "retirement savings" when we need them. They will confiscate private 401k accounts once they finally admit social security is out of money. They did it with gold in 1935, they will do it with our private retirements. Remember all those millennials that voted in outright socialism in 2008? They will welcome it with open arms because THEY have spent decades demonizing anyone that managed to collect any scraps of "security" for themselves. The vast majority of people hate anyone that even tries.
@raymond_sycamore You've summed up exactly why I haven't been saving for retirement already. I trust our wicked government to steal anything I've saved. Punishing the prudent and rewarding the parasites.
I should also add that I realized I was spinning my wheels and burning money in college, so I dropped out and paid off what little student loan debt I had. My wife didn't go to college. The only debt I have is repaying my parents for some money we borrowed.
Trust me. Once you get a wife? $250K isn't enough. If you make it? It will be spent. If you are firm & resolute with your finances? She will either cheat, take half in divorce, OR BOTH.
@@raymond_sycamore I’m flattered & honored you did this video for me. RUclips is an Orwellian hellscape had me cracking up. “It’s gone” is exactly right Update: got the wife a 2020 White Jeep Grand Cherokee w/106,000 miles for $17,200 so $358 for next 48 months Wife is happy She would have been pissed with cloth seats or anything less than AWD & a V6 My advice to you: you have everything going & if you spend $10k on braces or whatever you could easily land a hot chick that will make you happy for 10 years. After 10 years it gets tough Go to a fitness class or get a RNR ring girl or go to one of those roller derby events and land one of those chicks. But…. Do the braces thing. It’s the only thing holding you back from reproduction. Also I firmly believe traveling to Russia or Romania or Ukraine would land you a smoking hot chick.
You have two options then. 1. hide how much you actually make and keep from her, or 2. remind her all the time that you're saving for the future and once that day comes, she'll be able to spend some of that money and that it's foolish for both you and her to spend it before.
All salient points Raymond. America has a weight problem and a budget problem. We can't stop eating and we cant' stop spending. It is literally the end of empire, crushing debt and wasteful excess.
We have a weight problem thanks to Big Agriculture poisoning the food supply with overly processed food. Hopefully RFK Jr. will make America Healthy Again
Most likely they are counting household expenses as business expenses and using them as a tax deduction. Probably getting a home office deduction and mileage on a car. Or maybe the entire lease for one vehicle is counted as an expense. They wouldn't be doing it for nothing.
What a cope. Between my trades and my professional work I am probably pulling more than six figures for 24 filing. I do all my own mechanical work. All my own home improvement work. I groom my dogs, too. I cook my own food. She'd rather blow her waking hours on a fruitless endeavor than give her kids a home cooked meal. The one thing in her life that should matter more than anything else. People need perspective. It's sorely lacking. Any parent not pulling their weight is a problem. I don't care if their excuse is pursuing a dream. You should have done that before having kids.
@@raymond_sycamore maybe we should remove the monetary incentive that makes women want children but not be mothers. "Oops, is that mass population collapse? Feed them the money!!!" Great solution.
Also, the living costs in the US/West in general is completely demented. Freddy Smith has quite a few videos showing the math of the current living costs of the Boomer, X, and Millennial/Zoomer generations living in the "Middle Class". The Boomers can live off of $50k per year, Gen X need $80k, and the Millennials/Zoomers need $150k. The metrics calculated included housing, daycare, and paying off Student loan debt. I don't know about you, but I don't know any Millennial that makes anywhere near $150k per year.
I think you’re underestimating how bad our food supply has become. Ignoring all the crap they add to your food these days whether it be at the grocery store or at a restaurant is a mistake (especially for children)
4 kids, possibly a very big house which would mean a very big mortgage, it happens...... I have a Lawyer in my extended family, and he makes 200k a year and only has a wife and 1 kid and he admitted to me that after taxes and by the end of the year, he's barley able to save 10k a year. Why do you ask? well, he lives in a 3800sqft house and goes on vacation with the family to Europe every year.
I honestly feel bad for people that eat out most of their food. Most of these restaurants have poor quality food and charge a premium. Cooking is super easy and you get way more bang for your buck and can get creative to keep things fresh.
I make $170,000/yr and live lovely… not married, no kids for I have not found a woman worthy of my carrying my legacy yet there’s plenty that look for guys like me for monetary means.
@Nick-ue7iw Let those people ruin their financial future on their own. You can't force anyone to do anything. The rest of us shouldn't be taxed to death under a pile of interest.
I made a budget for myself as a single man with no children or debt. I would be living paycheck to paycheck making 50K a year with no car payments or student loan debt. Life has gotten expensive
I don’t have a car payment or any debt. Here are my expenses living in Texas. 50K a year after taxes is 3495 a month. Rent $1200 Phone $50.99 Healthcare 457.00 Car insurance 60.00 Internet $100.00 Food $400.00 Gas 240.00 Miscellaneous $100.00 Subscriptions $56.00 Utilities $402 Wrestling school $150.00 $3215.99 total expenses. 279.00 savings. I can make it but I’m living paycheck to paycheck with hardly any spending or saving money. I love to hear your analysis. I respect your opinion greatly.
Totally agree Raymond but a friend told me if everyone was like me the economy would collapse. ;-) I remember when my dad was dying he said he was sorry we didn’t have the money to stay in nice hotels and had to camp - I said Dad those camping trips were the most fun and memorable times of my life. Sometimes not having the funds can lead to the best things. ;)
I look forward to your videos. Had to listen to the 65K zero profit business twice. Others have made the same comment. They'd be better off if she shopped and cooked for the family and cut out childcare instead of blowing her time on a profitless business. Maybe she's driving a Mercedes G Wagon.
As someone who does a lot of analyzing budgets and cost of living I just want to respectfully give you my thoughts. My main point of contention is with the fact that you assumed a 45% withholding from their income. If you are a married couple filing jointly with $170k per year annual income you will only pay an effective tax rate of 20% (Assuming your state has no additional income tax) but even if you live in a state with income tax it will still be under 30%. This also doesn't include their child tax credits which would easily bring their tax rate below 25% even in an expensive state like California. So this makes a massive impact on their budget. Because with your math they only have $7791 a month in net takehome pay, but with my 25% rate they would actually have a net takehome of $10625 per month. Of course they would have other deductions from their paycheck besides taxes before it hits their bank account, in the form of health insurance and 401k contributions. The average cost for an employer-backed mid-tier family health insurance plan is $500 a month, and I would assume about a 5% paycheck deduction for the 401k contributions (pretax) since that is the average amount most employers will match. So after those deductions their net take home pay would be $9728 per month. that is a 2k difference between the number you used which is huge. I also think the mortgage payment you calculated is unrealistically high since most home owners purchased their house before the current market conditions, so their interest rate is likely lower than the recently high interest rates we have been having. Also a $600 per month HOA fee is ridiculously expensive for a single family home development, you typically only see fees that high at condos or townhomes which in those cases should have a lower purchase price. Overall though I would say your points are mostly correct about how to remedy the situation, like lowering housing cost and lowering vehicle cost by buying cheaper cash cars and things like that. Many Americans love to try to live to the absolute limit of their means and they end up using debt to push themselves beyond their limit. If you make six figures a year but you live as if you only made half of that or less, you gain the ability to save and invest an immense amount of money that can snowball into actually owning a paid off house and having a solid retirement account which makes you so much more stable and happy in the future.
OMFG your math made this even more infuriating. Thank you! I totally forgot that the state REWARDS sexually viable men that can produce offspring and bribe their women enough to stay with them. hahahahah I hate it here (I wish I was joking)
Is it worth being married if you have to indulge in a grown woman’s 7 year old age hobbies?! Struggle to live up to her unrealistic expectations of standards of living in order to keep your family from falling apart?! No. In this day and age it unrealistic for one adult in the household to shoulder all the financial burden while the other plays patty cake making no money the majority of the week. That’s equality for you, now both parents have to struggle to make ends meet, not simply the man. At least as a stay at home mom there are immense cost savings to be had for the family by having the wife do domestic tasks. I can’t imagine that’s happening while she’s running a loss leader bakery full time…
Women want their cake and to eat it too. Maybe she's making the right moves to make her business profitable, we don't know, probably not, and if not yeah, it's most likely just a hobby she's having fun with and doesn't really know how to run a business to be profitable, but if that's the case it's almost better to let just continue it because if she can't stay occupied she's probably going to find her excitement elsewhere if you know what I mean. Long since gone are the days where women are happy just being house keepers. asking them to do that, even when there's enough money to easily support the family without her working is just going to make her miserable, and then she'll wonder why she can't just continue "being a kid" again with no responsibilities and get angry with you for constantly telling ehr she needs to do these things.
Yes...kids are expensive. They need a couple of new pairs shoes every 3 months, braces, clothing because they constantly grow, ballet lessons, cleats for soccer, birthday parties, bicycles, skateboards, trampoline, can't have a studio apartment...gotta go bigger with a few bedrooms meaning bigger mortgage... then more utilities, bigger cars for hauling kids...it goes on and on. $7000/month isn't much.
@raymond_sycamore Ah...yes they do. If you decide to be a parent...it's your obligation to afford the child a broad variety of experiences and opportunities. It requires more than just keeping them clothed and fed.
Kids are worth it. Try being an adult without having a Mini me to spend time with and blow money you would have done for yourself but with no BABY FREN look alike who thinks your a god until 13, and then your UGGH DAAAD. REBELLION PHASE IS WHEN YOU HAVE TO GIVE Their REBELLION RESPONSIBILITY to future out themselves as adults.
@@heymoe1179 I agree. No offense to Raymond, who I've really come to enjoy his perspective, but he can't see outside himself when it comes to kids, because well he has no one he his responsible for. In the sense they don't need those things to survive, sure. He's right for the most part. However, this barebones existence out in the middle of nowhere (where homes are relatively cheap) might work for a single middle aged man, it's far from the life most Fathers want/dream of for their kids. If was a single guy right, now with no plans for a family, I'd probably be doing the same thing as him.
When I was 42 10 years ago, I was dating a milf real estate agent that was 50 and I asked her how much did she think she spent on clothes this year and a week later like I think I spent around $90,000 this year on clothes, this is Canadian dollars 💸 and this is why things cost so much I pray for economic collapse!
Net on 170k is closer to 10,574/mo, mortgage 3200, groceries 1500, cars 1500, utilities 600, insurances 600, entertainment 600, subscriptions 300, still 2200/mo leftover - now get rid of the car payments and cut the groceries in half and you're looking more like 4500/mo leftover
Can't believe you didn't write it down on a Word Document...edit/save...then copy/paste onto RUclips. Rookie mistake. BTW...income is meaningless when explaining "struggle/debt." It's 100% about your spending/purchases. You can make a $1m year and be broke.
@@peepsy1528 Yep...irresponsible with the new found money. Buying big expensive cars and big expensive women. A fool and his money are soon parted...no matter how much it is.
You don’t need to “be able to do percentages in your head”. You should know what to put into a calculator so you can do them on a CALCULATOR rather than typing “$125k is 6% of what” into google like someone who has not completed elementary school.
I'm not sure why he's using a calculator with the spreadsheet. The calculator is built-in to the spreadsheet. Just do "=6%*125000". Everyone should have basic spreadsheet skills. I use them for so much. Especially for planning purposes. It's so easy to use different values to play around with numbers. You can't really do that with just a calculator.
@@Orlando_Steve spreadsheet vs calculator is moot, in your example you’re using the spreadsheet as a calculator. The point is knowing 5th grade math wrt how percentages work, which btw you did wrong (125/.06 not *), so as not to have to google “125k is 6% of what?”
Biggest budget buster for me is coffee. I can never find a deal on coffee these days. Cheapest I have found is Folgers at 14.60 a tin. They were 11 dollars a year ago. Literally 2 hours of meal prep on Sunday afternoons gets me my dinners and lunches for the week. A pork shoulder or a rump roost, a small pot of chilli, or sloppy Joe is my protein for a week. Both of those cost me $21 last week. Granted Im just feeding me. I go out maybe once a month. You were saying $18 Wendy’s. A Navy buddy of mine was passing through my area. We decided to meet up and catch up. I meet him 30 minutes away from home at a small bar and grill. I think both of our bills were no more than $25 dollars and we both had two beers, and the food was excellent.
I am living comfortably on a beautiful tropical beach in the Philippines in a nice sized apartment for about $350 USD a month, all food and bills included. That's $4200 a year! And I'm watching this video on how someone making $170,00 a year is struggling! Americans have some serious problems......
@@raymond_sycamore Very beautiful and friendly, welcoming!
18 дней назад
I don't want to live in one, but some of the older high top vans can easily convert to nice adventure vehicles. So for someone who likes riding bike trails, hiking, camping, fishing, etc...the high top vans are awesome. Make sure you go with a high top gents....no need to peee between your knees....or on your knees if at all possible.
In front of my words in Washington state in Bellingham, the price of food is ridiculous went for breakfast. It was $18 American from Canada at $24 our Canadian monopoly money
This is a bit off subject, but something I'd like to post. I'm 66, and a young guy I know (25) reached out about his going with his sister to an evangelical church on Christmas Eve. Place meets in an old warehouse, and they had a rock band, jumbo boards, lights, and smoke machines. The pastor was remote and popped up on the jumbo boards. But instead of a nativity sermon he preached a sermon on "why we can't hold women accountable for high body counts". You just can't make this stuff up.
Said pastor probably has excess inventory of 30-ish year-old single mothers who are getting a bit antsy about not being able to reel in a 'cleanup guy' within a year of her walking thru the doors.
11:23 baking has a very slim margin, the ingredients etc. you also can only charge so much for a bakery treat, unless she is being commissioned to design elaborate cakes. That sounds about right though if just basic bakery items
It's all relative, if you want to move your family to a rural area and not spend money on them, that's fine. That's also what modern society coins a crappy life
yeah, sure, but the "rural area" isn't even "bad" anymore thanks to high speed internet and everyone having an iPhone. Momma still demands her brand freaking new Wagoneer.
@@Orlando_SteveI wish I lived even more rural than I do now My current town / county has 196k residents I should have lived in the county west with 45k or north 47k respectively
9:20 - As of today, my “after tax” loss is something around 22%. I’m bringing home $99K annually at this point. We live in a lake house (admittedly in the middle of “no where” which is why I can afford it.) When I do drive to work, it’s 95 minute commute, one way. Will be cash-flowing this property pretty soon. I have three vehicles and a very large fifth wheel trailer. Cash-flowing that trailer soon as well. Selling one of the vehicles this upcoming summer because the F-250 can hold three in the back. I also have good health & dental insurance and a $1200/month budget on groceries and $300/month on my wife’s student loans. However, wife stays home at this point because she is more valuable in this way but can easily transition back to making $70K per year if she wanted. We’d lose 2/3 of that income to taxes and child care and she’s be miserable watching someone else raise and train our kids. All I can say is get back to trad arrangements. Increasing amounts of women are pining for the stay at home wife-life.
@@visionforetold4568 It's fascinating watching some women figure out that traditionalism was a good deal for women. Of course, some men are simultaneously figuring out that traditionalism wasn't a good deal for men. What a quandary...
I paid of my student loan balance it’s so freeing the goal for 2025 is to save half my income …. I was very much down to the penny during paying it down .. now I have fell off the debt free wagon I am getting back on to pay down my last 10k
I think possibly you're miss understanding the wife's money situation with her business, net profit and loses being zero probably means her business isn't making or losing money. Some possible reasons for this are: 1. maybe she's taking what's ever left after paying employees to put back into her business for renovations and other such improvements. 2. she had to many employees or pays them too much, so she has nothing left over to pay herself. 3. she's investing in better equipment for the business. 4. she's opening a second location and spending all of the remaining money to set all that up.
@@raymond_sycamore I don't know. Would you consider business expansion and or improvement a waste? And I'm not saying for sure that's what she's doing, I'm only suggesting that could be what it is.
Years of "business expansion" and she still can't turn a profit. Meanwhile her refusal to be the homemaker is costing them tens of thousands more then her "business" brings in.
I think somethings you might not be taking into consideration is mortgage payment and age of the children. Possibly they bought a "mcmasion", something like a 3500 to 4000sqft house, mortgage payments on something like could easily be in the $4000 a month range if not more. Most of their kids could be teenagers too, and teenagers eat A LOT, especially if they're guys. I could very easily see grocery bills for a family of 6 with 3 or 4 being teenage boys being over $2000 a month.
I think people should reconsider name calling - like “loser” for example. After all…that mid-30s doctor with student debt might call you a loser for being an alcoholic who hasn’t had a girlfriend in years. People make mistakes. Yeah that doctor probably mismanaged his money but he did some things right too. We all lose in our own ways. Don’t take for granted that you weren’t spoiled. P.S. This doesn’t mean I am defending the $285k couple that “struggles.” They are being bad with money.
@ I am being sincere. You may have lost a battle with sobriety and the brutal dating market, but when it comes to managing money and remodeling houses and youtubing you are kinda winning. Would it be fair to call you a loser? It certainly wouldn’t be kind. Just saying the discourse and ultimately society is better if we aren’t calling people names. Yes, I’m a corny a guy.
@@raymond_sycamore I am being sincere. You may have lost a battle with sobriety and the brutal dating market, but when it comes to managing money and remodeling houses and youtubing you are kinda winning. Would it be fair to call you a loser? It certainly wouldn’t be kind. Just saying the discourse and ultimately society is better if we aren’t calling people names. Yes, I’m a corny a guy.
Raymond, you should chime in on the latest Elon Musk debacle with the H1b visa stuff. I think you can make it RUclips friendly if you ONLY discuss the concept that "there just aren't enough talented people in the US at the moment to hire for tech jobs" without even mentioning immigration. Just, is it true that the US just can't/isn't producing talented people?
The people who complain about retirement savings aren't putting any money into retirement savings. Also, don't think the government won't just take your 401k when they finally admit social security is insolvent.
The more affluent Americans get, the more oppressed they feel. And the more oppressed they feel, the more irrational decisions they make. And cycle keeps on going and going. Get people to believe absurdities and they will commit atrocities. To themselves or a nation. Common sense rational decisions can be explained to this family and they will NEVER follow good advice.
$235,000 a year and cant make ends meet? You have a lidestyle inflation problem or debt issue, not an income issue. Or a tax issue of overpriced land. If you guys are always going out to fastfood? Get your wife to grocery shop to cook BIG batches that last the week. Mexican families live on a tenth of that, with a ton of kids and welfare stamps, and still make it.
@@raymond_sycamore If that is in fact the case, I apologize for accusing you. I found it strange that my original post disappeared shortly after replying to one of the comments. My original post was "Really? So a child who has oral issues that can be addressed with braces, doesn't need them? They don't need clothing or shoes that fit because (as was already pointed out) they continue to grow? They don't need to be attending birthday parties or any social/sporting activity (soccer, football, baseball, etc.) because it requires purchasing specific items for said activities? They don't need medical care from time to time that even with insurance can be costly? The ignorance and complete lack of understanding of what it takes to raise a child is astounding. You don't sound 'harsh", you sound clueless. People who have never raised children ought not be lecturing those of us who have and what is or isn't important/necessary." I find it somewhat egregious when people who lack a certain experience (in this case parenthood) speak from such a position of haughtiness and assurance/confidence when they themselves have never been through it (physically, mentally or emotionally.) Somewhat telling of their state of mind, wouldn't you agree?
@ lol jesus christ cool it dude. You can tell the difference between being purposefully obtuse and nuanced, right? Of course I know it costs MONEY to raise kids, but it doesn’t cost $235,000 salary where $65k of which is literally the wife playing business owner while she loses every penny…
@@raymond_sycamorejust FYI: I believe raising a kid to age 18 is approximately $250,000 per kid so that is ~$1.1k per month It’s probably slightly less but that is bare bones with little frills
I spend $150/ month on food. And i think thats too much lol, people spending $150 A WEEK is insane
18 дней назад
$7 bux for 4 rolls of toilet paper won't work for me because I have a HUUUUUUGE ass. Mine is even larger than Trump's. I generally pay around $12 bux for 12 double rolls of quilted Northern.
Probably going to the most expensive grocery stores, Whole Foods and the like. They could cut expenses greatly with Aldi, Trader Joes, produce stands, etc.
My question is this: Is the wife paying herself $30/hr with her bakery business and still burning his money on pointless stuff or she really that bad of a business women?
I wouldn't doubt it.. Unhinged American women, coupled with a husband who has zero backbone (which is quite common) can lead to diabolical amounts of nonsensical spending.
takes about 3 years to get a business stable She works ~40+ hours/week to break even Year 1 was a slight loss $5k (my $ covered the loss) Year 2 was even I think or slight loss $1k? Year three was slightly positive (have to do taxes in a few weeks to be sure but all money was reinvested on some new equipment & gifts for monthly memberships & banners, merchandise etc) Year 4 (2025) I expect she will earn between $3/hr - $5/hr which I would consider wildly successful (She will need ~5 to 10 additional monthly memberships) I’m hopefully year 5 (2026) is minimum wage $15/hr but she will need about 24 more monthly memberships on top of current demand Happy wife = happy life but man the struggle is real I wish I knew then what I know now
In front of my words in Washington state in Bellingham, the price of food is ridiculous went for breakfast. It was $18 American from Canada at $24 our Canadian monopoly money
Whenever I write long comments, they get hidden, so I hope Raymond sees this. In the broad strokes, and many of the specifics, he is correct. It's all about priorities and spending.
I make about $50k and my wife is a homemaker and homeschooler. We have 4 kids and it's doable if you're not keeping up with the Joneses.
We thrift shop frequently, especially for kids clothes (which are about 10-15% the price of new), lots of hand-me-downs, our newest vehicle is a 2005 Suburban, which we got for seating capacity. It was about $8k when we bought it 5 years ago and now well over 200k miles. Had to replace the engine a couple years ago and found an old shade tree mechanic who did it for half the price the local shop wanted.
We have internet (about $100 per month) and budget cell phones that are nearly 6 years old (and needing an upgrade). They've got no-contract service plans and cost about $60 per month.
The only real advantage (and it's a big one) that my wife and I have is that we inherited our house from her bachelor uncle. It's not much to write home about. Less than 2k square feet and in need of a lot of work, which we must do ourselves as paying contractors is too expensive. 2 bedrooms, 1 bathroom. But it's in the countryside on a 3.75 acre lot (the land isn't great and is prone to flooding) a few miles from a decent sized small town where I work.
Our largest expenditure is probably fuel and energy. Electricity is about $100 a month during low use, but in the summer with AC running, it's around $300. And propane is on a level plan that's over $200 a month. Gasoline is probably $150 or so per month.
Beyond that, the largest optional expenses are health related - chiropractor visits, supplements, and dental (totals about $3,300 per year, and is paid with tax free income under a section 125 flexible health spending account), and we buy our meat from farmers and ranchers we know.
Inflation increasing the cost of consumer goods has caused some difficulty. Every full cart of groceries at Walmart is guaranteed to be $200-300 and we shop like that probably 3 or 4 times a month. So, like Raymond said, about $1k per month.
We also eat fast food way too frequently, and with us and 4 kids, it's about $60. I just checked our mobile banking account and saw that we spent nearly $400 in the last 30 days on fast food.
We don't have cable / satellite, don't buy new vehicles and hardly ever buy new clothing. We avoid most name brand anything. I could go on, but will not. The only things we should have and don't are home insurance (it's apparently uninsurable in its present condition) and retirement savings (I'm intending to enroll in my company's 401k soon - they match contributions up to 6%).
TLDR - Married, 4 kids, one income $50k. We're not as disciplined as we could be and it's still doable. Just don't spend like an idiot.
Thank you for the comment, and YES I DID SEE IT!
$50k is absolutely doable, especially with no house payment. Thank you for giving me the real world numbers. The house probably only needs a roof to be insurable, I ran into the exact same thing on my first house. But you know how insurance works, much like social security, you're going to pay into it your whole life and when the time comes for them to write a check, they will be nowhere to be found.
I congratulate you on having children, I am so envious of you in that regard.
That suburban is a gem, it will run for many years to come. Great year, good choice.
Don't worry about retirement. I firmly believe that through both inflation and outright confiscation, the government WILL make sure NONE of us have "retirement savings" when we need them. They will confiscate private 401k accounts once they finally admit social security is out of money. They did it with gold in 1935, they will do it with our private retirements. Remember all those millennials that voted in outright socialism in 2008? They will welcome it with open arms because THEY have spent decades demonizing anyone that managed to collect any scraps of "security" for themselves.
The vast majority of people hate anyone that even tries.
@raymond_sycamore
You've summed up exactly why I haven't been saving for retirement already. I trust our wicked government to steal anything I've saved. Punishing the prudent and rewarding the parasites.
Not having the house payment is the first step towards lowering the cost of living expenses.
I should also add that I realized I was spinning my wheels and burning money in college, so I dropped out and paid off what little student loan debt I had. My wife didn't go to college. The only debt I have is repaying my parents for some money we borrowed.
>chiropractor visits, supplements, and dental
Three scams. You should cut those out from your budget and life.
Trust me. Once you get a wife? $250K isn't enough. If you make it? It will be spent. If you are firm & resolute with your finances? She will either cheat, take half in divorce, OR BOTH.
god....
@@raymond_sycamore
I’m flattered & honored you did this video for me.
RUclips is an Orwellian hellscape had me cracking up. “It’s gone” is exactly right
Update: got the wife a 2020 White Jeep Grand Cherokee w/106,000 miles for $17,200 so $358 for next 48 months
Wife is happy
She would have been pissed with cloth seats or anything less than AWD & a V6
My advice to you:
you have everything going & if you spend $10k on braces or whatever you could easily land a hot chick that will make you happy for 10 years. After 10 years it gets tough
Go to a fitness class or get a RNR ring girl or go to one of those roller derby events and land one of those chicks. But…. Do the braces thing. It’s the only thing holding you back from reproduction. Also I firmly believe traveling to Russia or Romania or Ukraine would land you a smoking hot chick.
You have two options then. 1. hide how much you actually make and keep from her, or 2. remind her all the time that you're saving for the future and once that day comes, she'll be able to spend some of that money and that it's foolish for both you and her to spend it before.
I make a $100k a year, and I have no student loans. I'm single and no kids. The only debt I have is car debt under $15k.
All salient points Raymond. America has a weight problem and a budget problem. We can't stop eating and we cant' stop spending. It is literally the end of empire, crushing debt and wasteful excess.
Once you know what to look for, there are flashing red signs of looming collapse everywhere.
We have a weight problem thanks to Big Agriculture poisoning the food supply with overly processed food. Hopefully RFK Jr. will make America Healthy Again
They need to close the bakery. That is a full time hobby not a job. A business that makes no money is not a business.
Yep
Most likely they are counting household expenses as business expenses and using them as a tax deduction. Probably getting a home office deduction and mileage on a car. Or maybe the entire lease for one vehicle is counted as an expense. They wouldn't be doing it for nothing.
@@Orlando_Steve that’s a lot of work for some fairly meager tax savings.
@@TacticalStrudel But it keeps the wife busy. Not too smart if they are using daycare because of it though.
What a cope. Between my trades and my professional work I am probably pulling more than six figures for 24 filing. I do all my own mechanical work. All my own home improvement work. I groom my dogs, too. I cook my own food. She'd rather blow her waking hours on a fruitless endeavor than give her kids a home cooked meal. The one thing in her life that should matter more than anything else. People need perspective. It's sorely lacking. Any parent not pulling their weight is a problem. I don't care if their excuse is pursuing a dream. You should have done that before having kids.
@@Helikzhan-s7p women want kids, they just don’t want to be mothers. They definitely don’t want to be wives.
@@raymond_sycamore maybe we should remove the monetary incentive that makes women want children but not be mothers. "Oops, is that mass population collapse? Feed them the money!!!"
Great solution.
Also, the living costs in the US/West in general is completely demented. Freddy Smith has quite a few videos showing the math of the current living costs of the Boomer, X, and Millennial/Zoomer generations living in the "Middle Class". The Boomers can live off of $50k per year, Gen X need $80k, and the Millennials/Zoomers need $150k. The metrics calculated included housing, daycare, and paying off Student loan debt. I don't know about you, but I don't know any Millennial that makes anywhere near $150k per year.
I think you’re underestimating how bad our food supply has become. Ignoring all the crap they add to your food these days whether it be at the grocery store or at a restaurant is a mistake (especially for children)
As someone who lives comfortably on $25k a year, it blows mind how a family is struggling with that kind of income.
Good work!
Because they are trying to keep up with the Jonese's & to impress family members.. that's why they are struggling
4 kids, possibly a very big house which would mean a very big mortgage, it happens......
I have a Lawyer in my extended family, and he makes 200k a year and only has a wife and 1 kid and he admitted to me that after taxes and by the end of the year, he's barley able to save 10k a year. Why do you ask? well, he lives in a 3800sqft house and goes on vacation with the family to Europe every year.
I honestly feel bad for people that eat out most of their food. Most of these restaurants have poor quality food and charge a premium. Cooking is super easy and you get way more bang for your buck and can get creative to keep things fresh.
Costco has rotisserie chickens for $5 each. A couple of those could feed a small family for nearly a week.
Great video!! People need to stop chasing the Jonses and live within their means!
I make $170,000/yr and live lovely… not married, no kids for I have not found a woman worthy of my carrying my legacy yet there’s plenty that look for guys like me for monetary means.
If you date, don't mention that. Say you make $70K if she asks.
170,000 a year is way above the average
@goldgoblin530 I think that may be the point. What was it that one playboy said? "You will own nothing and be happy"?
Come to find out it was a typo, he only makes 17k a year not 170k
@@axlcanada6511 😂🤣😂
That'd do it...
Methinks taxation and interest are the cause of all our financial woes. They're hanging out together, gnawing at the roots of the tree of liberty.
@@foxhoundms9051
Don't forget the hidden tax - inflation. The dollar is worth ⅓ of what it was when I was born. And I'm not yet 40.
Debt is the cause, not interest. Crank the interest rates to the moon, make debt expensive, force people to stop spending.
@Nick-ue7iw Let those people ruin their financial future on their own. You can't force anyone to do anything. The rest of us shouldn't be taxed to death under a pile of interest.
Raymond has the weight of the world on his shoulders. Apparently.
I made a budget for myself as a single man with no children or debt. I would be living paycheck to paycheck making 50K a year with no car payments or student loan debt.
Life has gotten expensive
@@darriusgivans6570 HOW!? I call complete bullshit on that! What’s your car payment? House payment? MOVE!
Unless you live in Cali, or NYC there is no reason a single person cant live off of 50k a year...
I’m not saying you can’t live off 50K a year. I’m just saying your are going to be living paycheck to paycheck
I don’t have a car payment or any debt.
Here are my expenses living in Texas. 50K a year after taxes is 3495 a month.
Rent $1200
Phone $50.99
Healthcare 457.00
Car insurance 60.00
Internet $100.00
Food $400.00
Gas 240.00
Miscellaneous $100.00
Subscriptions $56.00
Utilities $402
Wrestling school $150.00
$3215.99 total expenses.
279.00 savings.
I can make it but I’m living paycheck to paycheck with hardly any spending or saving money.
I love to hear your analysis. I respect your opinion greatly.
@@darriusgivans6570man up and worship women kiddo
Totally agree Raymond but a friend told me if everyone was like me the economy would collapse. ;-) I remember when my dad was dying he said he was sorry we didn’t have the money to stay in nice hotels and had to camp - I said Dad those camping trips were the most fun and memorable times of my life. Sometimes not having the funds can lead to the best things. ;)
Great story bout your dad.
Taxes .
I look forward to your videos. Had to listen to the 65K zero profit business twice. Others have made the same comment. They'd be better off if she shopped and cooked for the family and cut out childcare instead of blowing her time on a profitless business. Maybe she's driving a Mercedes G Wagon.
Raymond going to have CPS called on him, rip
He should have the spreadsheet cops called on him too.
@@adama7752 wtf?
@@raymond_sycamore don't worry. It's the Cope Police Service. They are who show up when the Boomers don't believe the economy is falling to pieces.
As someone who does a lot of analyzing budgets and cost of living I just want to respectfully give you my thoughts.
My main point of contention is with the fact that you assumed a 45% withholding from their income. If you are a married couple filing jointly with $170k per year annual income you will only pay an effective tax rate of 20% (Assuming your state has no additional income tax) but even if you live in a state with income tax it will still be under 30%. This also doesn't include their child tax credits which would easily bring their tax rate below 25% even in an expensive state like California. So this makes a massive impact on their budget. Because with your math they only have $7791 a month in net takehome pay, but with my 25% rate they would actually have a net takehome of $10625 per month.
Of course they would have other deductions from their paycheck besides taxes before it hits their bank account, in the form of health insurance and 401k contributions. The average cost for an employer-backed mid-tier family health insurance plan is $500 a month, and I would assume about a 5% paycheck deduction for the 401k contributions (pretax) since that is the average amount most employers will match. So after those deductions their net take home pay would be $9728 per month. that is a 2k difference between the number you used which is huge.
I also think the mortgage payment you calculated is unrealistically high since most home owners purchased their house before the current market conditions, so their interest rate is likely lower than the recently high interest rates we have been having. Also a $600 per month HOA fee is ridiculously expensive for a single family home development, you typically only see fees that high at condos or townhomes which in those cases should have a lower purchase price.
Overall though I would say your points are mostly correct about how to remedy the situation, like lowering housing cost and lowering vehicle cost by buying cheaper cash cars and things like that. Many Americans love to try to live to the absolute limit of their means and they end up using debt to push themselves beyond their limit. If you make six figures a year but you live as if you only made half of that or less, you gain the ability to save and invest an immense amount of money that can snowball into actually owning a paid off house and having a solid retirement account which makes you so much more stable and happy in the future.
OMFG your math made this even more infuriating. Thank you! I totally forgot that the state REWARDS sexually viable men that can produce offspring and bribe their women enough to stay with them. hahahahah I hate it here (I wish I was joking)
Is it worth being married if you have to indulge in a grown woman’s 7 year old age hobbies?! Struggle to live up to her unrealistic expectations of standards of living in order to keep your family from falling apart?! No.
In this day and age it unrealistic for one adult in the household to shoulder all the financial burden while the other plays patty cake making no money the majority of the week. That’s equality for you, now both parents have to struggle to make ends meet, not simply the man.
At least as a stay at home mom there are immense cost savings to be had for the family by having the wife do domestic tasks. I can’t imagine that’s happening while she’s running a loss leader bakery full time…
@@GigaChad_169 you couldn’t have said it better Chad
Women want their cake and to eat it too. Maybe she's making the right moves to make her business profitable, we don't know, probably not, and if not yeah, it's most likely just a hobby she's having fun with and doesn't really know how to run a business to be profitable, but if that's the case it's almost better to let just continue it because if she can't stay occupied she's probably going to find her excitement elsewhere if you know what I mean.
Long since gone are the days where women are happy just being house keepers. asking them to do that, even when there's enough money to easily support the family without her working is just going to make her miserable, and then she'll wonder why she can't just continue "being a kid" again with no responsibilities and get angry with you for constantly telling ehr she needs to do these things.
Yes...kids are expensive. They need a couple of new pairs shoes every 3 months, braces, clothing because they constantly grow, ballet lessons, cleats for soccer, birthday parties, bicycles, skateboards, trampoline, can't have a studio apartment...gotta go bigger with a few bedrooms meaning bigger mortgage... then more utilities, bigger cars for hauling kids...it goes on and on. $7000/month isn't much.
they don't need any of those things.
@raymond_sycamore Ah...yes they do. If you decide to be a parent...it's your obligation to afford the child a broad variety of experiences and opportunities. It requires more than just keeping them clothed and fed.
Kids are worth it.
Try being an adult without having a Mini me to spend time with and blow money you would have done for yourself but with no BABY FREN look alike who thinks your a god until 13, and then your UGGH DAAAD.
REBELLION PHASE IS WHEN YOU HAVE TO GIVE Their REBELLION RESPONSIBILITY to future out themselves as adults.
@@heymoe1179 I agree. No offense to Raymond, who I've really come to enjoy his perspective, but he can't see outside himself when it comes to kids, because well he has no one he his responsible for.
In the sense they don't need those things to survive, sure. He's right for the most part.
However, this barebones existence out in the middle of nowhere (where homes are relatively cheap) might work for a single middle aged man, it's far from the life most Fathers want/dream of for their kids.
If was a single guy right, now with no plans for a family, I'd probably be doing the same thing as him.
@@DMAN590 Completely agree with you.
When I was 42 10 years ago, I was dating a milf real estate agent that was 50 and I asked her how much did she think she spent on clothes this year and a week later like I think I spent around $90,000 this year on clothes, this is Canadian dollars 💸 and this is why things cost so much I pray for economic collapse!
Net on 170k is closer to 10,574/mo, mortgage 3200, groceries 1500, cars 1500, utilities 600, insurances 600, entertainment 600, subscriptions 300, still 2200/mo leftover - now get rid of the car payments and cut the groceries in half and you're looking more like 4500/mo leftover
This commenter is to blame.
He is a beta.
And his woman is gross.
The whole thing is haram.
Can't believe you didn't write it down on a Word Document...edit/save...then copy/paste onto RUclips. Rookie mistake. BTW...income is meaningless when explaining "struggle/debt." It's 100% about your spending/purchases. You can make a $1m year and be broke.
@@heymoe1179 have you seen the statistics of the rates of poverty for lottery winners?
@@peepsy1528 Yep...irresponsible with the new found money. Buying big expensive cars and big expensive women. A fool and his money are soon parted...no matter how much it is.
You don’t need to “be able to do percentages in your head”. You should know what to put into a calculator so you can do them on a CALCULATOR rather than typing “$125k is 6% of what” into google like someone who has not completed elementary school.
@TacticalStrudel my Grandfather: "what do younneed a calculator for? You are already a computer. Why do you need a computer to do it foe you?"
I'm not sure why he's using a calculator with the spreadsheet. The calculator is built-in to the spreadsheet. Just do "=6%*125000". Everyone should have basic spreadsheet skills. I use them for so much. Especially for planning purposes. It's so easy to use different values to play around with numbers. You can't really do that with just a calculator.
@@Orlando_Steve spreadsheet vs calculator is moot, in your example you’re using the spreadsheet as a calculator. The point is knowing 5th grade math wrt how percentages work, which btw you did wrong (125/.06 not *), so as not to have to google “125k is 6% of what?”
We had that same Dodge Conversion Van growing up and it was amazing!
Biggest budget buster for me is coffee. I can never find a deal on coffee these days. Cheapest I have found is Folgers at 14.60 a tin. They were 11 dollars a year ago. Literally 2 hours of meal prep on Sunday afternoons gets me my dinners and lunches for the week. A pork shoulder or a rump roost, a small pot of chilli, or sloppy Joe is my protein for a week. Both of those cost me $21 last week. Granted Im just feeding me. I go out maybe once a month. You were saying $18 Wendy’s. A Navy buddy of mine was passing through my area. We decided to meet up and catch up. I meet him 30 minutes away from home at a small bar and grill. I think both of our bills were no more than $25 dollars and we both had two beers, and the food was excellent.
Coffee has shot through the freaking moon. It's ridiculous I'm on MEIJER STORE BRAND now... for $12 a tin!
I am living comfortably on a beautiful tropical beach in the Philippines in a nice sized apartment for about $350 USD a month, all food and bills included. That's $4200 a year! And I'm watching this video on how someone making $170,00 a year is struggling! Americans have some serious problems......
How are the women?
Did you get yourself what TFM refers to as a "jungle princess"? If so, never bring her back to the US!
@@raymond_sycamore Very beautiful and friendly, welcoming!
I don't want to live in one, but some of the older high top vans can easily convert to nice adventure vehicles. So for someone who likes riding bike trails, hiking, camping, fishing, etc...the high top vans are awesome. Make sure you go with a high top gents....no need to peee between your knees....or on your knees if at all possible.
In front of my words in Washington state in Bellingham, the price of food is ridiculous went for breakfast. It was $18 American from Canada at $24 our Canadian monopoly money
Talk to text a friend of mine was in Bellingham Washington
$235k here is poor renter in Frisco tx in a 3 bed for $9k a month.
The poorest of poor!😅
This is a bit off subject, but something I'd like to post.
I'm 66, and a young guy I know (25) reached out about his going with his sister to an evangelical church on Christmas Eve. Place meets in an old warehouse, and they had a rock band, jumbo boards, lights, and smoke machines.
The pastor was remote and popped up on the jumbo boards. But instead of a nativity sermon he preached a sermon on "why we can't hold women accountable for high body counts".
You just can't make this stuff up.
Not a real church, like most of them sadly.
I really hope you made that up
Said pastor probably has excess inventory of 30-ish year-old single mothers who are getting a bit antsy about not being able to reel in a 'cleanup guy' within a year of her walking thru the doors.
Most of Churches pander. And refuse to tell the truth. The number of wolves 🐺 hiding amongst the sheep 🐏🐑 is very high!
Did the church members constantly chant "Woooop! Woooop!" to each other???
20:43 - you had to use a calculator to get 5X4!?!?!?!??!?!?!
Keep up the good work!
11:23 baking has a very slim margin, the ingredients etc. you also can only charge so much for a bakery treat, unless she is being commissioned to design elaborate cakes. That sounds about right though if just basic bakery items
I go through alot of carbonated water aswell, alot cheaper if you buy 1L bottles, usually about $1CAD each. $365 a year if you slam back one a day.
It's all relative, if you want to move your family to a rural area and not spend money on them, that's fine. That's also what modern society coins a crappy life
yeah, sure, but the "rural area" isn't even "bad" anymore thanks to high speed internet and everyone having an iPhone. Momma still demands her brand freaking new Wagoneer.
Nothing wrong with growing up rural... Its just not "flashy" enough for modern NPCs...
I think we've come full circle on that. A lot of people, including me, want to get the F out of the cities.
@@Orlando_SteveI wish I lived even more rural than I do now
My current town / county has 196k residents
I should have lived in the county west with 45k or north 47k respectively
9:20 - As of today, my “after tax” loss is something around 22%.
I’m bringing home $99K annually at this point.
We live in a lake house (admittedly in the middle of “no where” which is why I can afford it.) When I do drive to work, it’s 95 minute commute, one way. Will be cash-flowing this property pretty soon.
I have three vehicles and a very large fifth wheel trailer. Cash-flowing that trailer soon as well. Selling one of the vehicles this upcoming summer because the F-250 can hold three in the back.
I also have good health & dental insurance and a $1200/month budget on groceries and $300/month on my wife’s student loans.
However, wife stays home at this point because she is more valuable in this way but can easily transition back to making $70K per year if she wanted. We’d lose 2/3 of that income to taxes and child care and she’s be miserable watching someone else raise and train our kids.
All I can say is get back to trad arrangements. Increasing amounts of women are pining for the stay at home wife-life.
Ah yes, the age old pay-my-wife’s-student-loans off
this makes me sick
@@visionforetold4568 HaPpY wIfE hApPy LiFe
the worst things boomers ever did to us.
@@visionforetold4568 It's fascinating watching some women figure out that traditionalism was a good deal for women. Of course, some men are simultaneously figuring out that traditionalism wasn't a good deal for men.
What a quandary...
I paid of my student loan balance it’s so freeing the goal for 2025 is to save half my income …. I was very much down to the penny during paying it down .. now I have fell off the debt free wagon I am getting back on to pay down my last 10k
I think possibly you're miss understanding the wife's money situation with her business, net profit and loses being zero probably means her business isn't making or losing money. Some possible reasons for this are: 1. maybe she's taking what's ever left after paying employees to put back into her business for renovations and other such improvements. 2. she had to many employees or pays them too much, so she has nothing left over to pay herself. 3. she's investing in better equipment for the business. 4. she's opening a second location and spending all of the remaining money to set all that up.
There is no "wife's money" and "husbands money" it's THEIR money.... and she's wasting it.
@@raymond_sycamore I don't know. Would you consider business expansion and or improvement a waste?
And I'm not saying for sure that's what she's doing, I'm only suggesting that could be what it is.
Years of "business expansion" and she still can't turn a profit. Meanwhile her refusal to be the homemaker is costing them tens of thousands more then her "business" brings in.
@Nick-ue7iw Do we know it was for years, or was he only referring to this year not being profitable?
I think somethings you might not be taking into consideration is mortgage payment and age of the children. Possibly they bought a "mcmasion", something like a 3500 to 4000sqft house, mortgage payments on something like could easily be in the $4000 a month range if not more.
Most of their kids could be teenagers too, and teenagers eat A LOT, especially if they're guys. I could very easily see grocery bills for a family of 6 with 3 or 4 being teenage boys being over $2000 a month.
So they are living way outside their means, and the teenagers are freeloaders. They can help maintain the house, cook, ece.
@Nick-ue7iw if you have 4 kids you're going to want a bigger house. The kids helping make supper doesn't make groceries any less expensive.
I think people should reconsider name calling - like “loser” for example.
After all…that mid-30s doctor with student debt might call you a loser for being an alcoholic who hasn’t had a girlfriend in years.
People make mistakes. Yeah that doctor probably mismanaged his money but he did some things right too. We all lose in our own ways. Don’t take for granted that you weren’t spoiled.
P.S. This doesn’t mean I am defending the $285k couple that “struggles.” They are being bad with money.
I genuinely can't tell if you're mocking me or not
@ I am being sincere. You may have lost a battle with sobriety and the brutal dating market, but when it comes to managing money and remodeling houses and youtubing you are kinda winning. Would it be fair to call you a loser? It certainly wouldn’t be kind.
Just saying the discourse and ultimately society is better if we aren’t calling people names. Yes, I’m a corny a guy.
@@raymond_sycamore I am being sincere. You may have lost a battle with sobriety and the brutal dating market, but when it comes to managing money and remodeling houses and youtubing you are kinda winning. Would it be fair to call you a loser? It certainly wouldn’t be kind.
Just saying the discourse and ultimately society is better if we aren’t calling people names. Yes, I’m a corny a guy.
Raymond, you should chime in on the latest Elon Musk debacle with the H1b visa stuff. I think you can make it RUclips friendly if you ONLY discuss the concept that "there just aren't enough talented people in the US at the moment to hire for tech jobs" without even mentioning immigration. Just, is it true that the US just can't/isn't producing talented people?
I don’t know anything about this, email me
You didn't even account for retirement savings. 😆Drinking 36 soda waters every 2 days is excessive. Buy a SodaStream.
The people who complain about retirement savings aren't putting any money into retirement savings.
Also, don't think the government won't just take your 401k when they finally admit social security is insolvent.
That 2017 pacifica is Peak family flex.
right?
If you can't make it on 200,000 a year you are slow or greedy
Most people who make that are pretty broke
That’s not true in neighborhood where $800k is no longer middle class!
Raymond for DOGE!
21:23 - don't tempt me!
I have a little daughter you don’t have to spend a lot of money on kids.
God loves free shyt. 🎉
Curiously, God also seems to be very bad with money. Either that, or there's some untruthfulness surrounding that plate that goes around every Sunday.
The more affluent Americans get, the more oppressed they feel. And the more oppressed they feel, the more irrational decisions they make. And cycle keeps on going and going.
Get people to believe absurdities and they will commit atrocities. To themselves or a nation.
Common sense rational decisions can be explained to this family and they will NEVER follow good advice.
@@jvnb-y9e have you ever seen Idiocracy?
@@peepsy1528 I used to this of this movie as a comedy. Now it looks more like something from Nostradamus.
Just debt max like Sam. What are they going to do, give you a phone call?
9:07 ... what are you doing?
+SUM(B4/12)
Kids are not as expensive as people make them out to be. Private school is the big optional expense people opt into.
Raymond, you’re wasting your time with this budget exercise. Men know how to control their impulses and save money. Budgets are for women.
lol damn.
$235,000 a year and cant make ends meet?
You have a lidestyle inflation problem or debt issue, not an income issue. Or a tax issue of overpriced land.
If you guys are always going out to fastfood? Get your wife to grocery shop to cook BIG batches that last the week.
Mexican families live on a tenth of that, with a ton of kids and welfare stamps, and still make it.
Land here in dallas exurb of exurb is $3.5 million an acre.
$64 million 1 acre house 7 minutes away better location!
It’s over!
We are fucked!😅😅😅
lol Raymond I like you, bro, but you’re very clueless about children
So you just buy them everything they want....gotta tell those kids 'No'
@@tommyg5261 you really can’t tell kids no about diapers, formula, lunches for their school, and a lot of other things
@BayouRepairGuy that shouldn't cost more than $5,000 a year for 3 kids
@ lol 😂 I can’t explain this to a bunch of in cells y’all have no point of reference for us to come meet in the middle together
@@BayouRepairGuy continue the cope...
Thanks for deleting my comment coward.
I don't delete any comments.
@@raymond_sycamore If that is in fact the case, I apologize for accusing you. I found it strange that my original post disappeared shortly after replying to one of the comments. My original post was "Really? So a child who has oral issues that can be addressed with braces, doesn't need them? They don't need clothing or shoes that fit because (as was already pointed out) they continue to grow? They don't need to be attending birthday parties or any social/sporting activity (soccer, football, baseball, etc.) because it requires purchasing specific items for said activities? They don't need medical care from time to time that even with insurance can be costly? The ignorance and complete lack of understanding of what it takes to raise a child is astounding. You don't sound 'harsh", you sound clueless. People who have never raised children ought not be lecturing those of us who have and what is or isn't important/necessary." I find it somewhat egregious when people who lack a certain experience (in this case parenthood) speak from such a position of haughtiness and assurance/confidence when they themselves have never been through it (physically, mentally or emotionally.) Somewhat telling of their state of mind, wouldn't you agree?
@ lol jesus christ cool it dude. You can tell the difference between being purposefully obtuse and nuanced, right? Of course I know it costs MONEY to raise kids, but it doesn’t cost $235,000 salary where $65k of which is literally the wife playing business owner while she loses every penny…
@@raymond_sycamore I'm not a dude. A "dudette" maybe but not a dude. 👩
@@raymond_sycamorejust FYI: I believe raising a kid to age 18 is approximately $250,000 per kid so that is ~$1.1k per month
It’s probably slightly less but that is bare bones with little frills
I spend $150/ month on food. And i think thats too much lol, people spending $150 A WEEK is insane
$7 bux for 4 rolls of toilet paper won't work for me because I have a HUUUUUUGE ass. Mine is even larger than Trump's. I generally pay around $12 bux for 12 double rolls of quilted Northern.
1000 a month on food what are they eating steaks every days. try 400 and food bank
BINGO
Probably going to the most expensive grocery stores, Whole Foods and the like. They could cut expenses greatly with Aldi, Trader Joes, produce stands, etc.
$1k on food is nothing now!
Even at Aldi my friends have 4 kids in Kansas & our triple their mortgage at $2400’😅😅😅
My question is this: Is the wife paying herself $30/hr with her bakery business and still burning his money on pointless stuff or she really that bad of a business women?
I wouldn't doubt it.. Unhinged American women, coupled with a husband who has zero backbone (which is quite common) can lead to diabolical amounts of nonsensical spending.
🤣🤣🤣🤣
takes about 3 years to get a business stable
She works ~40+ hours/week to break even
Year 1 was a slight loss $5k (my $ covered the loss)
Year 2 was even I think or slight loss $1k?
Year three was slightly positive (have to do taxes in a few weeks to be sure but all money was reinvested on some new equipment & gifts for monthly memberships & banners, merchandise etc)
Year 4 (2025) I expect she will earn between $3/hr - $5/hr which I would consider wildly successful
(She will need ~5 to 10 additional monthly memberships)
I’m hopefully year 5 (2026) is minimum wage $15/hr but she will need about 24 more monthly memberships on top of current demand
Happy wife = happy life but man the struggle is real
I wish I knew then what I know now
10:10 .. Now do the math on 40,000.🫣🥴🫣
In front of my words in Washington state in Bellingham, the price of food is ridiculous went for breakfast. It was $18 American from Canada at $24 our Canadian monopoly money