This 25-year-old hairstylist earns $280,000 a year near Detroit—here’s how he spends his money

https://www.cnbc.com/2019/05/23/how...g-280000-dollars-in-detroit-spends-money.html

 

He is spending 1/3 of his entire after tax income on a Mercedes lease and BMW finance.
Pure genius.
SMH

 

Entertainment is Pardoe’s largest miscellaneous expense, coming to around $1,200 per month. When he goes out with friends, he’s quick to cover the tab, he says.

What an idiot...with loser friends...

 

Money will promote or expose you

Forever one of my favorite quotes

 

The guy's 25 and making 280k a year. Sure he overspends, and maybe he ought to be more circumspect with his money. But he's 25 and making 10x the median income in the city. Give him a break.

 

He is not all bad. He saved $21.6K a year.

 

At the other end of the spectrum, here is a guy who made $40K a year living in Manhattan, NYC and able to max out his 401K and saved for retirement:

https://www.marketwatch.com/story/t...ill-max-out-his-401k-contributions-2018-11-12