What's a well paying job?

[CrazyPhuD]

Originally Posted by -King-

How the hell do you struggle if you're making a quarter mil a year? Unless you're making it rain every night, in no city do you NEED a quarter mil to live.
Posted via Mobile Device

Well while I agree there is no way he should be struggling, I wouldn't have been surprised to see that he was.

First big question is his 250K per year pre or post expenses? I know people who run cab companies and I believe that every cab is leased to the driver so if hat was pre expense, his take home pay could be alot less when you factor in lease costs, fuel costs etc.

Plus if he and his wife work two jobs do they have kids? If they do the child care costs could be extreme. Plus if they send their kids to private school instead of public(because the public schools blow), that would be another huge cost.

But the biggest reason I could see them struggling is if they did something dumb like too many people did. When the housing market was blowing up I knew too many people who felt like, hey I can be a real estate investor how can I lose money. If I buy these properties in the boonies and rent them out I can make crazy money. Well if they still own these properties and have had them foreclosed they could be paying quite a bit of money on worthless land.

So yes he shouldn't be struggling, but I can easily see how people would feel like they would be struggling. They are struggling because they choose to make their life so.

The sad thing is if you live in Manhattan that's a whole different set of insanity.