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$100k gross.
How on earth is 100k "not enough" in the US? What?
This has to be gross income right? Not net.
Still though, how is that not enough? The costs of living must be ridiculously high in the US.
$100k gross.
30-40% tax rate? That's $60-70k or $5000-6000 net monthly.
I was talking net.
Add an additional €6000 a year in child support payments.16000 Euros is about 17,825 in US dollars. I along with other NTers will tell you that you can't live off that here in US unfortunately @Colombia
I was talking net.
I was talking net.
Sorry if you don't agree. It is what it is though.I was talking net.
Add an additional €6000 a year in child support payments.16000 Euros is about 17,825 in US dollars. I along with other NTers will tell you that you can't live off that here in US unfortunately [@=/u/93394/Colombia]@Colombia[/@]
I'm satisfied with my current living condition. We rent a house and have no debt.
We've had some problems with large medical bills in the past but I'm 100% covered now through my dad's new work insurance.
I also own my dad's house so I'm guaranteed to have a house of my own later. During the divorce I made my dad sign a contract that gifts me the house so I don't have to pay succession rights later on and he can not legally sell the house to anyone.
It probably helps that I live in a very rural area and rent is fairly cheap for a good house.That's not cutting it here. 40k and I'm watching my every move and probably going into some form of debt. It really depends on where you live too. When I was 18, sure 40k was great. Not anymore.
I could easily live off 100k. But even 50k I'm not feeling too great. 60 I'm chilling.
at 200k i can pass along a property paid off very quickly, maybe even two. save for college expenses and leave them with very few barriers to achieving what they want to do. basically leave them in a place to be comfortable at 40k with a job they like rather than needing 100k200k and your next generation is set? To do what?
I wouldn't consider a luxury car a necessitycolombia acting like da m3 gonna pay for itself.
So what is the reason y'all need so much money in the US? Cost of education? Cost of living?
My dad is in his early 50s now and his house is fully paid off and appraised at around €200k, he also owns various patches of land for hunting purposes.
He also has plenty of savings. That's just from his income of €3000 a month and additional income as a hunter, no investments.
No debt, recently bought a 30k car in full without taking out a loan.
It just boggles my mind how 100k or even 200k is not enough to achieve that in the US.
There are numerous things in your post which align it to mine.
So what is the reason y'all need so much money in the US? Cost of education? Cost of living?
My dad is in his early 50s now and his house is fully paid off and appraised at around €200k, he also owns various patches of land for hunting purposes.
He also has plenty of savings. That's just from his income of €3000 a month and additional income as a hunter, no investments.
No debt, recently bought a 30k car in full without taking out a loan.
It just boggles my mind how 100k or even 200k is not enough to achieve that in the US.
I see. Education is highly subsidized here through taxes and I can actually go to the best university in the country for less than €1000 a year if I want to. With a scholarship it can be as little as a few hundred euros a year and that includes tuition and books.A multitude of things. The typical college graduate that borrows money owes over $30,000 in America. In most places in America, a car is still a necessity due to insufficient public transportation. With a car usually comes a car loan, or at least a couple hundred a month for gas and repairs. In America, if you have kids, there is no state sponsored daycare/preschool, so parents pay for that out of pocket. I can't speak to everyone else's situation, but in the DC area the average daycare is probably around $1300 a month.
Also, how did you make your dad sign over his house? Did he divorce you or your mom?