single moms barely making it on 300k/year

[cashmoney69]

this is the way most women are. They grow up as daddy's lil princess thinking the world waits to serve them. They marry for money...after all isnt that the smart thing to do?

Daddy doesn't want his lil gurl to marry a plumber. He wants her to marry the doctor.

She gets used to being spoiled and getting everything she wants. She doesn't work, and spends most the time on her cell phone talking to her other spoiled bitchy friends. Usually a day at the spa, the mall or the posh new restaurant on the corner is their daily routine.

----

(Side note) I don't know if any of you ever seen the show on TV called the millionaire matchmaker, but this is a show where a few wealthy guys try and meet a woman. Like most shows there is an elimination process. One guy got eliminated because he only made a low 6 figures a year, and was seen as "too poor".

Welcome to america.

 

[annaland]

Quote from cashmoney69:

this is the way most women are. They grow up as daddy's lil princess thinking the world waits to serve them. They marry for money...after all isnt that the smart thing to do?

...blah blah blah...

What are you fools talking about?!? Princess? She makes more than 99.9% of you. In fact, her nanny makes more than most of you!

 

[Zentrickster]

6 figures is far from millionaire bozo. It ain't called millionaire matchmaker for nothing

 

[Sell 'em]

Quote from Zentrickster:

6 figures is far from millionaire bozo. It ain't called millionaire matchmaker for nothing

Income and Net Worth are entirely different, though usually related, numbers. Quite easy to accummulate $1-mil in net worth on a $200k income.

 

[Clubber Lang]

Quote from Sell 'em:

Quite easy to accummulate $1-mil in net worth on a $200k income.

Maybe in the boonies like Arkansas, Alabama, Dakota's, Utah, etc.

200k income in NYC it would take a minimum of 10 years to save 1 million after taxes and living expenses, and even then only if you're relatively frugal.

 

[ByLoSellHi]

Quote from Sell 'em:

Income and Net Worth are entirely different, though usually related, numbers. Quite easy to accummulate $1-mil in net worth on a $200k income.

If you live on 2k a month or less.

200k income, taxed at ordinary rates, is about 135 to 150k, net, BEFORE state taxes, property taxes, sales tax, etc.

That's 11,250 to 12,500 per month, just after federal taxes.

Assume (conservatively) another 17% in combined state income taxes, property taxes, sales taxes, etc.

Now you're at $9,000 to $10,000 per month, or $108,000 to $120,000 per year in 'take home.'

Let's assume you spend 50k a year in living expenses, for mortgage payments or rent, health insurance, food, car payments, daycare, tuition/daycare for kids, insurance on home and car and other property, gasoline, clothing, utilities, restaurants, entertainment, etc.

That's $4,170 per month in living expenses - if you're pretty frugal.

$108,000
- $50,000
__________
$58,000


So, it would take you 17.24 years to accumulate a million in savings at that rate.

I'd imagine maybe 2% of those making 200k per year or more have such discipline and financial wit to do this, even given the numbers above.

Throw in an extra luxury like a home in a really high property tax area (where property taxes can run 10k to 30k or more), cottage, vacation home, boat, really expensive car, taste for expensive restaurants/wine/drugs(?), a medical emergency of either a sudden and severe or chronic condition, a kid who needs tuition at Yale, etc., and you're pretty much screwed.

Introduce one of these variables, and pretty much blow that 17 years up, and use 30 years or more, if ever.

 

[MandelbrotSet]

But seriously, nobody has to marry (and give all of their worldly possessions) to these women (in perpuity once you start having kids).

Men choose to do so (whether they are aware of it or not).

 

[kinggyppo]

You gotta admit the nanny is hot in a 2 1/2 men berta sorta way. Leave it to surf to come up with some pompous bs like this. I am happy in my trailer park.

 

[wartrace]

Quote from slapshot:

ROFLMAO you sure have not experienced marriage if you think this is true.

Well, even if you don't get it any time you want at least you have someone to cook & clean the house, right?

If you refute this then whats the point of being married?:eek:

 

[Illum]

Quote from kinggyppo:

You gotta admit the nanny is hot in a 2 1/2 men berta sorta way. Leave it to surf to come up with some pompous bs like this. I am happy in my trailer park.

Hey! It's Ma from Goonies