This is all breaking down into a bunch of poor logic and manufactured outrage. How can you be sure there are plenty of families in the same areas, same schools and similar lifestyle saving much more? This statement doesn’t really make sense unless you just think without having access to details that they are overpaying which is a weird stance.
As far as saving 70%, who cares. Can you prove that’s more optimal? You’re basically just making some arbitrary judgment with some weird moral overtone that your personal choices are better than theirs (as have most naysayers here) without really knowing enough details while also arguing from a percentage standpoint. People save absolute dollars, whether Jim saves 35% of $150k or Sue saves 10% of $500k it doesn’t really matter. I’m sure it’s fine and it’s not your life. If one of them gets hit by a car tomorrow they’ll still have the life insurance and be glad they maximized their current life within reason for their kids. Way to much bragging about ramen noodle lifestyles on here.
I love a simple lifestyle and staying away from materialism, but I don’t need to go crapping on other people’s personal yet reasonable life choices because I think they’re slightly less optimal or whatever.
I failed to understand the point this thing is trying to make. These people are saving a good portion of their income while doing what all the other brainwashed people in their income bracket are doing. What else are people expecting ?
How about reading the thread first before getting all worked up about ‘‘my moral overtone’’? Ohai asked about how much I save, I answered and even said that my personal situation is not comparable to theirs. In no shape or form do I claim that my way of living and spending is superior to anyone else’s.
A) I’m not saying they should save 70%. I’m saying they should save more than the 7k as it’s a miniscule amount compared to their salaries.
B) They’re not really saving $100k as most of its in 401k from which you can’t wihdraw from without penalty. The bottom line is that they manage to save about 7k (outside 401k) on their 500k salary. This seems very little to me (and apparently to many others as well as the article itself is about not being able to save).
We can argue back and forth about this but it doesn’t change the fact that that kind of of a personal budgeting turns the family’s financial situation into a house of cards. Any adverse event that isn’t covered by insurance will wreak havoc on them. That’s my point.
Mr. Destroyer of Worlds, what you’ve just said is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone on this forum is now dumber for having listened to it. I award you no points, and may God have mercy on your soul.
What’s even more retarded is the people who think that just because you spend more you immediately had a better life. I’m a cheap ass but sometimes I spend more money just so people don’t think I’m a cheap ass. So for the most part the people who often try to pay up are prolly just trying to get over some form of insecurity.
Twice the man is the real g. Threw down his budgets. That’s real confidence. Others who don’t throw down imo are just posers
Really question that people making $500k a year are really working that much harder than people making $300k, the rest of the premise sort of falls apart after that.
If by puritanical you refer to my opinion that you’re supposed to try to add to your inheritance and pass it on instead of relying on previous generations’ work, I’m guilty as charged! I wouldn’t call it puritan though. I prefer to to call it over-generational responsibility.
Meh, see? Letting a bunch of dead people dictate your life over some grandiose legacy dream. Also explains your need to opine on how other people aren’t living their life correctly off of some mock budget. It’s really fine, it’ll all be fine.
That’s not true. I know a lot of people that grew up rich, partied at top 5 MBA, came out making $200k and quickly rose to the $300k level, rarely worked that long of hours. I know a lot of blue collar workers putting in long hours for $100k. It’s really not a big deal, a lot of it comes to how things were set up for you.
Who can really tire of winning all day, every day? It changes your posture, all of the winning. Stiffens the spine. Puffs out the chest. All subconsciously. Makes it all the more irresistible to those around you. Employers shower you with money and promotions. You’re the target of envy and desire. And it’s like this every day.