Guy makes $160,000 and barely making it month to month...

Discussion in 'Wall St. News' started by S2007S, Mar 1, 2017.

  1. I'd be asking management for work-from-home position. Then move to small town usa. Then if i'm required to attend face-to-face meetings I'd be on expense account :cool:
     
    #61     Mar 2, 2017
  2. TraDaToR

    TraDaToR

    Finally someone who works less than 16 hours/Day... Pretty rare.:D

    Just for comparison, I live in rural Switzerland 15 min from Lausanne and 1 hour from Geneva. I pay 2400 chf for rent. 2 bedrooms. 110m2( convert in square feet ).
     
    #62     Mar 2, 2017
  3. Xela

    Xela

    I could certainly live ok in San Francisco on $160,000 (as a single person with pretty small living expenses, by comparison with many, even in one of the world's most expensive cities), but after accommodation-costs, all taxes and all other bills, it's by no means a fortune, these days. A reasonable living, yes ... but I'm sure not "very high income" for someone with a spouse and three children to support, a couple of cars to run, the occasional vacation and so on ...
     
    #63     Mar 2, 2017
  4. There's a huge difference between $200k earned as an employee and $200k earned as a business person.

    Business person has all the tax writeoffs that can potentially take tax liability into the low single figures or even zero. Where the 16 hr day wage slave earning the same $200k is only getting around 50% depending.

    This book changed my life and i strongly reccomend it. Particullarly to young people who can design their lives from scratch. It can be done later in life, but is more difficult

     
    #64     Mar 2, 2017
  5. luisHK

    luisHK

    Plus in Switzerland it should be net surface, in the US and many other countries it's gross, so 100sqm house is probably around 110 115sqm in the US or HK, and a 100sqm condo can become 140sqm in a residence with large collective grounds (that's assuming it's calculated the same in US as in Greater China )
    Still it is not cheap by rural european standards, buy yes, that's Switzerland.
     
    #65     Mar 2, 2017
    TraDaToR likes this.
  6. sle

    sle

    You also have fantastic mountains at your doorsteps. I hate you just a tiny bit :)
     
    #66     Mar 2, 2017
    TraDaToR likes this.
  7. luisHK

    luisHK


    Lol ! I read Tradator's post and started thinking of moving (back) to Switzerland, yes, great area.
     
    #67     Mar 2, 2017
  8. Zzzz1

    Zzzz1

    Very simple, rent for a few years and save up. What's so difficult?

     
    #68     Mar 2, 2017
  9. Zzzz1

    Zzzz1

    EXACTLY. what's wrong with working the butt off and building a career during that time and living a frugal life? In most parts of the world that is precisely what people do.

     
    #69     Mar 2, 2017
  10. poorboy

    poorboy

    I know!

    Cocaine & hookers or boys.
     
    #70     Mar 2, 2017
    smallStops likes this.