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Thread: A coupel makes 500k and hard to save

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    Uber Star Soi wanderer Thai Dreamer ผู้เพ้อฝัน MarcTwoSix's Avatar
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    A coupel makes 500k and hard to save

    This list doesn't seem too outlandish



    IMG_20170324_080857.jpg


    if someone can copy and paste that list
    Last edited by MarcTwoSix; 25th March 2017 at 01:23.

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    Uber Star Soi wanderer Thai Dreamer ผู้เพ้อฝัน RakThai's Avatar
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    Uber Star Soi wanderer Thai Dreamer ผู้เพ้อฝัน RakThai's Avatar
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    Are childcare and mortgage interest not tax deductible in the US?

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    Uber Star Soi wanderer Thai Dreamer ผู้เพ้อฝัน MarcTwoSix's Avatar
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    Quote Originally Posted by RakThai View Post
    Are childcare and mortgage interest not tax deductible in the US?
    Yes, but would be written off in your taxes.......so expenses laid out still the same

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    Uber Star Soi wanderer Thai Dreamer ผู้เพ้อฝัน Cippy's Avatar
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    If they bought a modest one million dollar home they would be fine. This is a case of people living just within their means.
    Quarky likes this.
    Never argue with an idiot, he will drag you down to his level and beat you with experience. M.T.

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    Uber Star Soi wanderer Thai Dreamer ผู้เพ้อฝัน MarcTwoSix's Avatar
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    Quote Originally Posted by Cippy View Post
    If they bought a modest one million dollar home they would be fine. This is a case of people living just within their means.
    Yeah, that was the one that stuck out to me as being a bit much.......more than any other expense
    Although I think they are doing the common 3x's salary for a house price

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    Uber Star Soi wanderer Thai Dreamer ผู้เพ้อฝัน Cippy's Avatar
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    Quote Originally Posted by MarcTwoSix View Post
    Yeah, that was the one that stuck out to me as being a bit much.......more than any other expense
    Although I think they are doing the common 3x's salary for a house price
    All relative though, I Would be quite happy with a savings of 7300/year. That and 36,000/year in a retirement account would be fantastic for me!
    Never argue with an idiot, he will drag you down to his level and beat you with experience. M.T.

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    It is all about spending choices
    and most people sacrifice long term goals for short term gratification.

    Nothing has changed over the years and the results are always the same.

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    Uber Star Soi wanderer Thai Dreamer ผู้เพ้อฝัน MarcTwoSix's Avatar
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    Quote Originally Posted by TLandHim View Post
    It is all about spending choices
    and most people sacrifice long term goals for short term gratification.

    Nothing has changed over the years and the results are always the same.
    Well, their expenses don't seem to be too over the top or extravgent

    I think the point is expenses do add up, especially once kids are involved..........which I am sure I don't have to tell many BM's

    It's relative, my stepson's expenses have gone up quite a bit as he became a teenager

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    Uber Star Soi wanderer Thai Dreamer ผู้เพ้อฝัน Moo Uaon's Avatar
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    Most people i know that got rich did it with big mortgages. You need a bit of disposable income to do it.... so these people would be in the perfect position to do it if they chose to...stiff sh1t if not.
    FACE YOUR FEARS LIVE YOUR DREAMS

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    Uber Star Soi wanderer Thai Dreamer ผู้เพ้อฝัน Cippy's Avatar
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    ^ Just another reason I don't see this situation as anywhere near onerous. Most people on the planet would be super happy with just making 7,300/month, let alone building up equity in a home. The average salary in the US is 50,000/year. I doubt many people would sympathize with a couple putting close to 90,000 a year in the bank.
    Never argue with an idiot, he will drag you down to his level and beat you with experience. M.T.

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    Uber Star Soi wanderer Thai Dreamer ผู้เพ้อฝัน RakThai's Avatar
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    Quote Originally Posted by MarcTwoSix View Post
    Yes, but would be written off in your taxes.......so expenses laid out still the same
    Just amazed at the 40% tax rate despite deductions..
    Sure they live in America and not in the Netherlands? 555

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    Uber Star Soi wanderer Thai Dreamer ผู้เพ้อฝัน RakThai's Avatar
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    Quote Originally Posted by Cippy View Post
    ^ Just another reason I don't see this situation as anywhere near onerous. Most people on the planet would be super happy with just making 7,300/month, let alone building up equity in a home. The average salary in the US is 50,000/year. I doubt many people would sympathize with a couple putting close to 90,000 a year in the bank.
    The 7300 left over is per year..

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    Uber Star Soi wanderer Thai Dreamer ผู้เพ้อฝัน Cippy's Avatar
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    Quote Originally Posted by RakThai View Post
    The 7300 left over is per year..
    Oops, yeah, that is why I am not an economist. 555


    Quote Originally Posted by RakThai View Post
    Just amazed at the 40% tax rate despite deductions..
    Sure they live in America and not in the Netherlands? 555
    Yeah, that part seemed a bit much to me too. My father makes close to that and was at a comparable rate. Buying a house helped that quite a bit. That allows you to deduct the interest. Plus, having two kids should bring that rate down as well, it made a huge difference for me.

    Effective tax rate is just an average.
    Never argue with an idiot, he will drag you down to his level and beat you with experience. M.T.

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    Uber Star Soi wanderer Thai Dreamer ผู้เพ้อฝัน RakThai's Avatar
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    Quote Originally Posted by Cippy View Post
    Oops, yeah, that is why I am not an economist. 555




    Yeah, that part seemed a bit much to me too. My father makes close to that and was at a comparable rate. Buying a house helped that quite a bit. That allows you to deduct the interest. Plus, having two kids should bring that rate down as well, it made a huge difference for me.

    Effective tax rate is just an average.
    So a good accountant can resolve their financial crisis,
    and if they get rid of that terrible expensive childcare and just hire a Mexican nanny (or a Burmese au-pair to if they are conservative, which they probably will be..),
    they won't have to worry about their 18000$ travel budget..^%&%%$%^## 555

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    Uber Star Soi wanderer Thai Dreamer ผู้เพ้อฝัน Cippy's Avatar
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    ^How about the $18,000 a year they are spending on Charity! That is a write off.
    Never argue with an idiot, he will drag you down to his level and beat you with experience. M.T.

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