This 25-year-old hairstylist earns $280,000 a year near Detroit—here’s how he spends his money

[Banjo]

https://www.cnbc.com/2019/05/23/how...g-280000-dollars-in-detroit-spends-money.html

 

[Clubber Lang]

https://www.cnbc.com/2019/05/23/how...g-280000-dollars-in-detroit-spends-money.html

He is spending 1/3 of his entire after tax income on a Mercedes lease and BMW finance.
Pure genius.
SMH

 

[LacesOut]

Entertainment is Pardoe’s largest miscellaneous expense, coming to around $1,200 per month. When he goes out with friends, he’s quick to cover the tab, he says.

What an idiot...with loser friends...

 

[stan1]

Money will promote or expose you

Forever one of my favorite quotes

 

[Frederick Foresight]

The guy's 25 and making 280k a year. Sure he overspends, and maybe he ought to be more circumspect with his money. But he's 25 and making 10x the median income in the city. Give him a break.

 

[ironchef]

The guy's 25 and making 280k a year. Sure he overspends, and maybe he ought to be more circumspect with his money. But he's 25 and making 10x the median income in the city. Give him a break.

He is not all bad. He saved $21.6K a year.

 

[ironchef]

https://www.cnbc.com/2019/05/23/how...g-280000-dollars-in-detroit-spends-money.html

At the other end of the spectrum, here is a guy who made $40K a year living in Manhattan, NYC and able to max out his 401K and saved for retirement:

https://www.marketwatch.com/story/t...ill-max-out-his-401k-contributions-2018-11-12