Kids and mortgage

Report problem with this ad

Oct 6, 2022
9:25:11am

Carnac All-American

Kids and mortgage

Once those two are taken care of, then yes

Report problem with this ad

Carnac

Previous username: Carnac el Magnifico
Bio page: Carnac
Joined: Dec 22, 2007
Last login: Jun 1, 2024
Total posts: 44,302 (437 FO)

Report problem with this ad

Messages

Author

Time

POLL: Could you live comfortably on $100,000 per year (pre tax)

Acorn

10/6/22 9:19am

<< Deleted >>

Buffalo

10/6/22 9:20am

You wouldn't have to save. You have $100K a year (plus inflation in theory).

Acorn

10/6/22 10:26am

Kids out of house? If so Absolutely.

cougarfann888

10/6/22 9:21am

Yep, this is the big variable here.

VenturaCoug

10/6/22 9:22am

Kids and mortgage

Carnac

10/6/22 9:25am

Easily if retired in The Villages, FL. Assuming F&C home many here do it for less. We talk about it & our grand kids..

grandpacoug

10/6/22 12:15pm

That's my plan for retirement so I better be able to pull it off

LaserCoug

10/6/22 9:24am

Done it for many years. I've been blessed recently and upped some expenses, so I'd have to curtail some unnecessary

Bert609

10/6/22 9:24am

Also depends do I need to save for retirement.

cougarfann888

10/6/22 9:24am

Location cost of living is a huge factor

KingDave

10/6/22 9:25am

100K is still way above what the average person makes. Obviously it depends

Polemic

10/6/22 9:28am

If I was single, yes.

Don Carlton

10/6/22 9:28am

It depends on where you live.

HiLife

10/6/22 9:30am

Yes, but would be difficult if I didn't already own a home

wannnacruise

10/6/22 9:32am

Why is this linked to my post?

Mzansi

10/6/22 9:32am

We've lived on that for most of our marriage ... w/kids, mortgage, and savings

runnincoug

10/6/22 9:33am

While I believe 100K is absolutely enough, 100k today is not 100k of yesteryear.

HingleMcCringleberry

10/6/22 9:34am

True, inflation has watered it down, but still can live comfortably.

runnincoug

10/6/22 9:50am

Agreed.

HingleMcCringleberry

10/6/22 9:58am

How long have you owned your house?

VenturaCoug

10/6/22 10:24am

9 years. Yes housing is more difficult now. But then again ... we bought

runnincoug

10/6/22 10:44am

So you locked in a fixed rate on your biggest expense back when $100k was

VenturaCoug

10/6/22 4:10pm

I bought my first home as a college student with 6% interest rate

runnincoug

10/6/22 4:45pm

My butler makes more than that a year. So now way for me.

mudpupper

10/6/22 9:34am

Not even close

JollyGreenGiant

10/6/22 9:36am

Lol, bluecaiman’s mad at how I live my life

JollyGreenGiant

10/6/22 4:13pm

Hey Bluecaiman, why dont you ever post?

JohnnyComeLately

10/6/22 4:21pm

That’s more than I make now. So yes.

JohnnyC

10/6/22 9:38am

Another huge factor is whether this is earned from one person or both husband and wife

KingDave

10/6/22 9:40am

How will I pay my $170k in car loans?

Cougarclaw

10/6/22 9:43am

Easy. I have no kids.

rad dawg

10/6/22 9:44am

I could live "comfortably" but my wife could not

bluelands

10/6/22 9:46am

No. Child care expenses are currently way too high. And we live in a townhome.

DC15

10/6/22 9:46am

It depends on where you live and what you consider comfortable. But I still say

Cougar TD

10/6/22 9:46am

2 year inflation is approaching 15%. So keep in mind that $100k today was same

AggieWeekendCougar

10/6/22 9:49am

For those who chose options 2 and 3, where do you live and how many kids do you

vagabonder

10/6/22 9:50am

As others have alluded to, I think the definition of comfortable varies greatly

rad dawg

10/6/22 9:55am

I do but I won't ever be able to retire or help my kids pay for school

fattycoug

10/6/22 9:54am

<< Deleted >>

SuperTank

10/6/22 9:56am

Not with 4 kids.

EternalOptimism

10/6/22 10:00am

Easily but it depends on what comfortable means to you

TomballCougar

10/6/22 10:17am

Anyone who says no is kidding or is so out of touch with reality it’s pathetic

Pretorian

10/6/22 10:23am

Would be hard for someone who doesn't already own a home

wannnacruise

10/6/22 10:32am

There there are other essentials, such as insurance, gas, food, utilities,

garyfan

10/6/22 11:12am

Must you own a home to be comfortable? Must you live in Utah? Must you pay

Pretorian

10/6/22 11:23am

Lol living in a townhome in Utah is not a luxury and living in the Midwest isnt

VenturaCoug

10/6/22 1:09pm

I guess it depends on how much luxury you need to be comfortable princes

Pretorian

10/6/22 2:20pm

I mean in reality we could all move to India and live off way less than $100k.

VenturaCoug

10/6/22 3:26pm

You are the one out of touch with reality. Do the math. It doesn’t work.

DC15

10/6/22 11:08am

Are those needs ... or wants?

runnincoug

10/6/22 11:22am

The question was live comfortably. Yes you could live for 100k living on the street. But can you live comfortably on

JohnnyComeLately

10/6/22 11:24am

"living on the street"? Way to jump the shark on that one!

runnincoug

10/6/22 11:27am

So you voted yes, many others voted no. That should not be hard to understand here.

JohnnyComeLately

10/6/22 11:28am

I agree. I was only responding to DC15 who said it was impossible. I was arguing

runnincoug

10/6/22 11:33am

My apologies. Simply was saying in some areas it’s incredibly difficult to live “comfortably” with 100k a year.

JohnnyComeLately

10/6/22 11:44am

To your point

TomballCougar

10/6/22 12:25pm

They are needs. And notice I did not include a car payment.

DC15

10/6/22 12:48pm

Sounds like you've had some rough life situations that have complicated things

runnincoug

10/6/22 1:05pm

For illustration purposes, you can make one income work with some

Doogal McCougar

10/6/22 3:59pm

So much of that sounds very not comfortable.

garyfan

10/6/22 4:07pm

Try doing the math for the Bay Area

donnerstag

10/6/22 11:14am

Correct, you can’t live in maybe the most expensive place in the world 🙄

Pretorian

10/6/22 12:27pm

Hilarious you assume everyone lives in the same area and same circumstances as you do.

JohnnyComeLately

10/6/22 11:17am

Read the post… it never said you had to stay where you are… I live in Boca Raton

Pretorian

10/6/22 12:29pm

The question is live comfortably and is very subjective. That’s why it’s a poll. You have your standards for comfort

JohnnyComeLately

10/6/22 12:40pm

It’s easy to call ridiculous people out when their being ridiculous… if you

Pretorian

10/6/22 2:29pm

They're*

ebv

10/6/22 3:07pm

Sorry you are a poor.

JohnnyComeLately

10/6/22 4:20pm

RE: Read the post… it never said you had to stay where you are… I

ebv

10/6/22 3:06pm

Relative to where I am now? No. Relative to 99.99% of people who ever lived? Yes

Odysseus

10/6/22 10:48am

This ^^^^^

Pretorian

10/6/22 12:30pm

This would be easy as long as I was independently wealthy.

garyfan

10/6/22 11:08am

As a kid growing up in the 80s my goal was to eventually make $100k

Pro Logic

10/6/22 11:23am

Interesting study recently published on what is needed for "comfortable" life

runnincoug

10/6/22 11:23am

Living Wage in SLC for 1 adult working with 3 children is $87,000.

ebv

10/6/22 3:10pm

Average number of kids in Utah fams=3.5. Some will have more/less, but also...

runnincoug

10/6/22 3:13pm

I answered no. Can’t wait for the assumptions about my lifestyle and obligations

Bradleyd16

10/6/22 2:59pm

What I learned from this poll: you are a bad person if you think “comfort” means

VenturaCoug

10/6/22 3:31pm

I think the thing I most learned is CB posters are prone to hyperbole

runnincoug

10/6/22 3:32pm

Outside the US? Absolutely.

Bad Plus Fan

10/6/22 3:36pm

When I lived in AZ yes. Since I moved to WA no way.

Posting on CougarBoard