How to make $500,000 a year and still feel things are TIGHT at the end of every month

[mce]

Around $600 leftover at every month....

How would YOU do things differently?

[~Ray]

Mo Money Mo Problems

Ray
Hardlinks.org
A good way to get backlinks without going broke

[kane]

Originally Posted by mce

Around $600 leftover at every month....

How would YOU do things differently?

Pretty simple. At least until I had my student loans paid off I would buy a house that was worth about half that much cutting my mortgage and property taxes in half and I would stop giving to the college alumni. Those three things could easily free up an extra $50K a year.

[john1975]

trust me, it's healthy for your brain to have things tight all the time.

otherwise you'd just lay back, feel all secular , feel spoiled, get lazy and miss business opportunities , watch ur security system all day (if u have one) , and die of alzheimers .

the brain releases more chemicals when there's constant motivation and thrills in life.

[john1975]

^^ also, I'd cut the life insurance out if I were you.

women are weird these days.

[freecartoonporn]

Originally Posted by john1975

trust me, it's healthy for your brain to have things tight all the time.

otherwise you'd just lay back, feel all secular , feel spoiled, get lazy and miss business opportunities , watch ur security system all day (if u have one) , and die of alzheimers .

the brain releases more chemicals when there's constant motivation and thrills in life.

this......

[altmman]

If things are "tight" why would someone give $1,500/month to charity, or pay $1,000/month to basketball or piano lessons?

$700 a month is "tight"? I remember having $5 for 2 weeks once.

BMW 5 and Sienna? 3 vacations a year? Oh my heart bleeds for those poor people.

[freecartoonporn]

you gotta work harder., and make more. or cut down on expenses, its that simple.

thats some lavish lifestyle for 500k a year.

1.5 mil house, bmw 5 series, 3 vacations a year , 3 mil life insurance., gee.

[Axeman]

Smaller mortgage. Cheaper or fewer vacations. Smaller life insurance. No college alumni gifting like Kane said until loans are gone.

[Rochard]

Their house is $1.5 million, which is $5k a month.

The charity is a tax write off, and if their kid's sports league is a 401c they can write that off too.

Next up is their tax rate. Figure out a way to unfuck that. Years ago I discovered my boss paid a lot less taxes than I did. Figure out how to write stuff off.

[woj]

where are utilities? with cable/phone/electric/etc can easily add up to $15k+/year
health insurance? with no gov subsidies, now a days thanks to Obama can easily be $20k+/year
some misc entertainment/hobbies/etc? can easily add up to another $20k+/year
how about saving a few bucks? 10% is a good starting point so $28+k

[freecartoonporn]

maybe that guys is living in wrong country, he should move to country with lower tax or hire a great tax consultant.

[shake]

Originally Posted by freecartoonporn

maybe that guys is living in wrong country, he should move to country with lower tax or hire a great tax consultant.

Sounds like some terrible tax and investment planning. There's so much you can do with pre-tax money, they are just throwing it away. Keep the money in the company, and buy investment property which you can write off - at least in Canada that works.

[ReggieDurango]

Fucking student loans!

[CampHost]

Form a S Corp. Get a good accountant and pay corp tax rates....Fuck that 40% shit.

[JesseQuinn]

Originally Posted by mce

Around $600 leftover at every month....

How would YOU do things differently?

work through uni to graduate without debt and choose not to have kids and circumstances improve considerably

[k0nr4d]

The car insurance costs seem a little light, i'm paying some $5k for an audi s6 and cayenne with 60% discount.

[Google Expert]

Learn how to not pay taxes.

There's your +185k a year.

And lose all the stupid shit like charity, kids, etc.

[thommy]

Originally Posted by Rochard

Their house is $1.5 million, which is $5k a month.

The charity is a tax write off, and if their kid's sports league is a 401c they can write that off too.

Next up is their tax rate. Figure out a way to unfuck that. Years ago I discovered my boss paid a lot less taxes than I did. Figure out how to write stuff off.

the basic differences beteween rich and middle class are very good described HERE

[john1975]

don't fall into the general assumption (trap) of "make more , spend more"

"make more, spend less" = much smarter.

it was probably the lady in his ear telling him he needs "this , that, and the other thing".

[beerptrol]

Live a simpler lifestyle. They look like a couple who have a stick up their ass and have to put on a show of having money in order to impress their family, friends and neighbors. Have to have an expensive house in a well to do neighbor hood, expensive cars, multiple vacations, etc...

[woj]

Originally Posted by beerptrol

Live a simpler lifestyle. They look like a couple who have a stick up their ass and have to put on a show of having money in order to impress their family, friends and neighbors. Have to have an expensive house in a well to do neighbor hood, expensive cars, multiple vacations, etc...

it's not as simple as that... "Birds of a feather flock together"

so in many cases if you want to make $500k/year you have to be around those that make $500k/year too... have to live in the same neigbourhood, drive same cars, be a member of same social clubs, etc...

[Paul Markham]

Which is why I chose to be a miser.

[Bladewire]

Originally Posted by woj

it's not as simple as that... "Birds of a feather flock together"

in many cases if you want to make $500k/year you have to be around those that make $500k/year too... have to live in the same neigbourhood, drive same cars, be a member of same social clubs, etc...

I dunno about that nowadays.

People with money tend to live in certain places, like by the ocean, by a golf course, etc. because they enjoy a certain lifestyle.

I've not known people who've gotten rich because of their neighbors & community. Maybe a restaurant owner or someone who's company does something for the town but that's it.

[C H R I S]

True dat

[wehateporn]

And that is how we end up enslaved running just to keep still

Downsize the house and get older and cheaper cars, that would be a great start

[videobunch]

Originally Posted by mce

Around $600 leftover at every month....

How would YOU do things differently?

1. They need a better CPA to get that 40% lowered.
2. They should have put 20% down on a house to avoid P&I or bought a house they "could" afford.
3. They should have waited on buying a $1.5mil house until they had student loans paid off.
4. Only take 2 vacations

Classic case of living beyond your means.

[k0nr4d]

Originally Posted by john1975

don't fall into the general assumption (trap) of "make more , spend more"

"make more, spend less" = much smarter.

it was probably the lady in his ear telling him he needs "this , that, and the other thing".

make more, spend less = richest guy in the cemetery.

[Google Expert]

Originally Posted by Paul Markham

Which is why I chose to be a miser.

Like you had any say in the matter

[cspdinc]

i have zero debt. havent owed a dime for over 15 years now. I drive a old reliable chevy. I take one vacation a year but its 2 months because I can. I havent worked since 1999.

how you say? Our family owns like 1/6 of all midwest farmland. Interest alone pays me over 150K a year. Oh no you say thats so little! but... no debt makes it like money coming out the ears and its for LIFE.. until I give my shares to my kids.

I dont party hardy, I dont drink I dont do drugs. Im quite boring but I dont worry about anything. Sure I could have a big fancy car but why? My car gets 36mpg. its older but reliable as hell.
i've dabbled in buying a island but its just not worth it. Family owns like 15-16 houses and us kids live rent free unless we decide to move out. We rent/lease out the rest of the lands, that alone makes 7 figures a year in income.

I do this adult as a lark since 96. I've met a good share of you. I'm the quiet one. hehe. Im also a Trump Supporter.

cut down to one vacation
get rid of those dumb ass cars and get 2 simpler ones
increase the life ins.
sell that house and downsize.

live high? then don't complain. its that simple

Oh I forgot to add my ins on my old car is 48 dollars a month. :P yes its not a girl catcher yes cops DO NOT NOTICE it at all. win win really. gold diggers, been there done that. I try hard to look like I have no cash. Once upon a time I did and all that happened was people trying to take it from me. Less is more. every single time. trust me on that. Sure I like big homes. But except for a pool all they are are wasted space. trying to impress others and psst heres a fact. There is always someone richer than you.
I realize I'm a small fish in a big pond, just on a higher scale. easy come easy go, a earthquake could open up Minn to OK and it could all be swallowed up over night. doubtfull, but it could happen.

[mce]

Their #1 mistake is NOT going to the seminar mentioned below.

[klinton]

Originally Posted by mce

Their #1 mistake is NOT going to the seminar mentioned below.

[john1975]

Originally Posted by mce

Their #1 mistake is NOT going to the seminar mentioned below.

he gave many sucky sucky....for 5 dolla


look at the girls at 1:50 into clip....their like "wtf are we doing here again...?"

[john1975]

"Join our free 90 minute seminar" (where Tom Vu makes money from ur promoting)

[pimpmaster9000]

90% of the time you only need 10% of anything you have...the rest is unnecessary...

[CaptainHowdy]

[Lykos]

3 vacations a year costs 18k a month? Crazy...

[freecartoonporn]

Originally Posted by Google Expert

Learn how to not pay taxes.

There's your +185k a year.

And lose all the stupid shit like charity, kids, etc.

how to lose kids ?

[Paul Markham]

Originally Posted by Google Expert

Like you had any say in the matter

Who are you?

[OldJeff]

You can buy my townhouse 5 times for 1.5.
Double the combined IRA contributions,
Their accountant is a complete idiot.
That much life insurance is for very wealthy, or people with no clue how to create a portfolio.
What is a car payment ?

What has "not being a baller" earned me?

"Could" retire in 2 years
Keep a mortgage for the tax write off, can be paid from liquid savings account
Daughter graduates from a 4 year private college with zero debt
On average I go out to dinner twice a week and I do not look at the prices on the menu
about 18 shows a year (concerts, plays, comedy)
My wife takes Yoga classes as a full time job (That bendy yoga shit is cool in the bedroom)

Majority of my income is now passive, so minimum I fuck off 3 or 4 hours a day

[Barry-xlovecam]

Don't live so ostentatiously and hire a better accountant.

[JFK]

Originally Posted by altmman

If things are "tight" why would someone give $1,500/month to charity, or pay $1,000/month to basketball or piano lessons?

$700 a month is "tight"? I remember having $5 for 2 weeks once.

BMW 5 and Sienna? 3 vacations a year? Oh my heart bleeds for those poor people.

Lets make a concert of it !

[NatalieK]

Originally Posted by mce

Around $600 leftover at every month....

How would YOU do things differently?

how´s a 1.5 mill home, 3 holidays a year & 2 cars on the drive way, pretty average?



but there you go, 500k a year gives this and still have $150 in the pocket every week

[PR_Glen]

Originally Posted by k0nr4d

make more, spend less = richest guy in the cemetery.

or the difference between retiring early or retiring never...

[Choopa Phil]

So you have $7300 to do literally anything you want with after you're covered 100% with expenses throughout the year. Oh poor you!