I am 30. I am salaried at $150K+. I have 215 in the bank, and another 250 in other investments. I drive a 10 year old used BMW (M3, definitly a weekend car) that is paid off, live in a nice neighborhood in SF (but only pay 1350 a month including parking) don’t have any credit card debt (I pay them off at the end of the month), and think buying property any time over the next couple of years is the stupidest thing I could do.
I do admittedly spend a lot of money on luxury items, but nothing that I can’t afford. I see a lot of people with nicer cars and flashier stuff than me and I don’t know how they do it. But my goal is to be retired by 45 and do other stuff. I doubt people think that far ahead anymore.
I consider myself not so much an anomaly as a freak of nature.
Think of it as an inverse of “Flip this House”. It’s like “Flip this family’s spending habits”.
Current outgoings: 6500
Current Incomings: 3250
Choice points:
1 – Husband doesn’t work. Views anything less than previous salary of $50K as being “beneath him”
2 – Raid daughters piggy bank for money
3 – Mortgage check is bounced to pay for vacation
4 – Blew through the 85K profit from previous house sale in 6 months (obviously implying a 100% financing on current residence)
7 – Huge ass truck bought to set up a business (which fails, mostly due to husband’s complete lack of knowledge about running a business)
Of course the cherry on top is that they have 4 Direct TV boxes and only 2 tvs.
The lasting impression is their sense of entitlement and sheer disbelief with the way they react to the fact that the money has to come from somewhere….
