Menu

Home › Forums › Other › going broke on 300K/year

Viewing 15 posts - 16 through 30 (of 841 total)
1 2 3 … 55 56 57
  • Author
    Posts
  • August 17, 2009 at 5:09 AM #446227
    patb
    Participant

    [quote=scaredycat]not sure i agree. her main non-house expenses sound like property taxes and a nanny. She didn’t sell the big house when she divorced a couple yrs back but it wasn’t like some crazy irrational move. in retrospect it was dumb, i guess. she’s gotta have a nanny. gotta pay taxes.[/quote]

    her main non-house expenses? So you think a
    woman earning 175K can afford a 2.5 Milliion dollar
    house?

    it says she bought her husband out, so i’m going to
    guess she is carrying a 1.25 Million dollar note.
    that’s a 7K/month payment or just about half her income.

    if she had sold the house to her husband, she’d have a million, and if she could settle for a 500K house or even renting, until the bubble popped.

    It is amazing how unreal the thinking is still

    August 17, 2009 at 6:02 AM #445448
    blahblahblah
    Participant

    It is amazing how unreal the thinking is still

    It is the whole woman’s life. I don’t have much sympathy either, but just imagine a lifestyle change that means you need to move out of your house, your neighborhood, leave all of your friends, move your kids to a poorer area, etc… because of a divorce. Happens all the time and it’s tough. This woman has just not faced reality yet, but she will have to at some point.

    August 17, 2009 at 6:02 AM #445642
    blahblahblah
    Participant

    It is amazing how unreal the thinking is still

    It is the whole woman’s life. I don’t have much sympathy either, but just imagine a lifestyle change that means you need to move out of your house, your neighborhood, leave all of your friends, move your kids to a poorer area, etc… because of a divorce. Happens all the time and it’s tough. This woman has just not faced reality yet, but she will have to at some point.

    August 17, 2009 at 6:02 AM #445980
    blahblahblah
    Participant

    It is amazing how unreal the thinking is still

    It is the whole woman’s life. I don’t have much sympathy either, but just imagine a lifestyle change that means you need to move out of your house, your neighborhood, leave all of your friends, move your kids to a poorer area, etc… because of a divorce. Happens all the time and it’s tough. This woman has just not faced reality yet, but she will have to at some point.

    August 17, 2009 at 6:02 AM #446051
    blahblahblah
    Participant

    It is amazing how unreal the thinking is still

    It is the whole woman’s life. I don’t have much sympathy either, but just imagine a lifestyle change that means you need to move out of your house, your neighborhood, leave all of your friends, move your kids to a poorer area, etc… because of a divorce. Happens all the time and it’s tough. This woman has just not faced reality yet, but she will have to at some point.

    August 17, 2009 at 6:02 AM #446232
    blahblahblah
    Participant

    It is amazing how unreal the thinking is still

    It is the whole woman’s life. I don’t have much sympathy either, but just imagine a lifestyle change that means you need to move out of your house, your neighborhood, leave all of your friends, move your kids to a poorer area, etc… because of a divorce. Happens all the time and it’s tough. This woman has just not faced reality yet, but she will have to at some point.

    August 17, 2009 at 7:28 AM #445458
    Coronita
    Participant

    I definitely think she’s over her head and needs to downsize…But I think this article is slightly misleading. I’m pretty sure her yearly income is more than $275k/year.

    [quote]
    As a vice president at MasterCard’s corporate office in Purchase, N.Y., she earns a base pay of $150,000 plus a bonus. This year she’ll take home 10 percent less because of a smaller bonus. She receives $75,000 a year in child support from her ex-husband. She figures she will pull an additional $50,000 from a personal investment account to “pick up the slack.
    [/quote]

    $150k base salary but the bonus is unspecified. VP at a big financial institution, I’m pretty sure her bonus is at LEAST her base salary even on a bad year, if not more. And Mastercard isn’t exactly doing terrible (yet)…
    Some of these exec bonuses in financials are 1.5-3 times base. I think there’s meets the eye. So I doubt you she really needs most people’s sympathy here. Still, she should have downsized though. And her issue is living up to the “image”. Common problem of americans.

    It’s interesting though that this area has the “appearance” of affluence. Hardly what I call afluent if one is a slave to debt.

    August 17, 2009 at 7:28 AM #445652
    Coronita
    Participant

    I definitely think she’s over her head and needs to downsize…But I think this article is slightly misleading. I’m pretty sure her yearly income is more than $275k/year.

    [quote]
    As a vice president at MasterCard’s corporate office in Purchase, N.Y., she earns a base pay of $150,000 plus a bonus. This year she’ll take home 10 percent less because of a smaller bonus. She receives $75,000 a year in child support from her ex-husband. She figures she will pull an additional $50,000 from a personal investment account to “pick up the slack.
    [/quote]

    $150k base salary but the bonus is unspecified. VP at a big financial institution, I’m pretty sure her bonus is at LEAST her base salary even on a bad year, if not more. And Mastercard isn’t exactly doing terrible (yet)…
    Some of these exec bonuses in financials are 1.5-3 times base. I think there’s meets the eye. So I doubt you she really needs most people’s sympathy here. Still, she should have downsized though. And her issue is living up to the “image”. Common problem of americans.

    It’s interesting though that this area has the “appearance” of affluence. Hardly what I call afluent if one is a slave to debt.

    August 17, 2009 at 7:28 AM #445990
    Coronita
    Participant

    I definitely think she’s over her head and needs to downsize…But I think this article is slightly misleading. I’m pretty sure her yearly income is more than $275k/year.

    [quote]
    As a vice president at MasterCard’s corporate office in Purchase, N.Y., she earns a base pay of $150,000 plus a bonus. This year she’ll take home 10 percent less because of a smaller bonus. She receives $75,000 a year in child support from her ex-husband. She figures she will pull an additional $50,000 from a personal investment account to “pick up the slack.
    [/quote]

    $150k base salary but the bonus is unspecified. VP at a big financial institution, I’m pretty sure her bonus is at LEAST her base salary even on a bad year, if not more. And Mastercard isn’t exactly doing terrible (yet)…
    Some of these exec bonuses in financials are 1.5-3 times base. I think there’s meets the eye. So I doubt you she really needs most people’s sympathy here. Still, she should have downsized though. And her issue is living up to the “image”. Common problem of americans.

    It’s interesting though that this area has the “appearance” of affluence. Hardly what I call afluent if one is a slave to debt.

    August 17, 2009 at 7:28 AM #446061
    Coronita
    Participant

    I definitely think she’s over her head and needs to downsize…But I think this article is slightly misleading. I’m pretty sure her yearly income is more than $275k/year.

    [quote]
    As a vice president at MasterCard’s corporate office in Purchase, N.Y., she earns a base pay of $150,000 plus a bonus. This year she’ll take home 10 percent less because of a smaller bonus. She receives $75,000 a year in child support from her ex-husband. She figures she will pull an additional $50,000 from a personal investment account to “pick up the slack.
    [/quote]

    $150k base salary but the bonus is unspecified. VP at a big financial institution, I’m pretty sure her bonus is at LEAST her base salary even on a bad year, if not more. And Mastercard isn’t exactly doing terrible (yet)…
    Some of these exec bonuses in financials are 1.5-3 times base. I think there’s meets the eye. So I doubt you she really needs most people’s sympathy here. Still, she should have downsized though. And her issue is living up to the “image”. Common problem of americans.

    It’s interesting though that this area has the “appearance” of affluence. Hardly what I call afluent if one is a slave to debt.

    August 17, 2009 at 7:28 AM #446242
    Coronita
    Participant

    I definitely think she’s over her head and needs to downsize…But I think this article is slightly misleading. I’m pretty sure her yearly income is more than $275k/year.

    [quote]
    As a vice president at MasterCard’s corporate office in Purchase, N.Y., she earns a base pay of $150,000 plus a bonus. This year she’ll take home 10 percent less because of a smaller bonus. She receives $75,000 a year in child support from her ex-husband. She figures she will pull an additional $50,000 from a personal investment account to “pick up the slack.
    [/quote]

    $150k base salary but the bonus is unspecified. VP at a big financial institution, I’m pretty sure her bonus is at LEAST her base salary even on a bad year, if not more. And Mastercard isn’t exactly doing terrible (yet)…
    Some of these exec bonuses in financials are 1.5-3 times base. I think there’s meets the eye. So I doubt you she really needs most people’s sympathy here. Still, she should have downsized though. And her issue is living up to the “image”. Common problem of americans.

    It’s interesting though that this area has the “appearance” of affluence. Hardly what I call afluent if one is a slave to debt.

    August 17, 2009 at 7:53 AM #445463
    scaredyclassic
    Participant

    not sure exactly what i mean; i see that she’s in over her head, but somehow im not pissed at her. it’s like a death or something. she never pictured herself getting divorced because of her parents. rationality doesn’t enter into it. she’s not really living extravagantly other than the house part. and the house part is highly psychological, in terms of her kids, etc. yeah she shouldve been 100% cold and calculating on divorce, but she wasn’t and somehow, in this case, im not offended by her mindset. i’d be concerned for her financially, but , not , like angry. might be irraitonal on my part too

    August 17, 2009 at 7:53 AM #445657
    scaredyclassic
    Participant

    not sure exactly what i mean; i see that she’s in over her head, but somehow im not pissed at her. it’s like a death or something. she never pictured herself getting divorced because of her parents. rationality doesn’t enter into it. she’s not really living extravagantly other than the house part. and the house part is highly psychological, in terms of her kids, etc. yeah she shouldve been 100% cold and calculating on divorce, but she wasn’t and somehow, in this case, im not offended by her mindset. i’d be concerned for her financially, but , not , like angry. might be irraitonal on my part too

    August 17, 2009 at 7:53 AM #445995
    scaredyclassic
    Participant

    not sure exactly what i mean; i see that she’s in over her head, but somehow im not pissed at her. it’s like a death or something. she never pictured herself getting divorced because of her parents. rationality doesn’t enter into it. she’s not really living extravagantly other than the house part. and the house part is highly psychological, in terms of her kids, etc. yeah she shouldve been 100% cold and calculating on divorce, but she wasn’t and somehow, in this case, im not offended by her mindset. i’d be concerned for her financially, but , not , like angry. might be irraitonal on my part too

    August 17, 2009 at 7:53 AM #446066
    scaredyclassic
    Participant

    not sure exactly what i mean; i see that she’s in over her head, but somehow im not pissed at her. it’s like a death or something. she never pictured herself getting divorced because of her parents. rationality doesn’t enter into it. she’s not really living extravagantly other than the house part. and the house part is highly psychological, in terms of her kids, etc. yeah she shouldve been 100% cold and calculating on divorce, but she wasn’t and somehow, in this case, im not offended by her mindset. i’d be concerned for her financially, but , not , like angry. might be irraitonal on my part too

  • Author
    Posts
Viewing 15 posts - 16 through 30 (of 841 total)
1 2 3 … 55 56 57
  • You must be logged in to reply to this topic.