JCC Pity the fool... The woes of only making $350,000 a year

Wall Street Journal

Whenever I think we've hit the limit on these stories, another person steps up to complain about their struggles. Don't worry buddy, Mitt is on the way.

 

Living in NYC is very expensive. Shocking!

 

yeah, you can get yourself in pretty deep with that kind of money.

 

Explain, sir, how I live in the same city as you, on $20,000 a year, and get by with all the same amenities? (less the cars and the kids of course, what do you need two cars for in NYC anyway?

Doing the dishes by hand?! Life is so hard!

 

Not so much that. I can understand the Brooklyn duplex being expensive....just about everywhere in the northeast costs an arm and a leg.

But when you get to the

part, I have a bit less sympathy towards his "struggle".

$32k a year for a private school...hell even Boston University isn't that expensive.

 

There's plenty of stuff to criticize here, but let's try and be fair to the guy. Children are a huge expenditure. You can't just hand wave that away to make your comparison.

 

I must also suggest THIS
[image=http://images.betterworldbooks.com/159/The-Total-Money-Makeover-9781595550781.jpg]
It's a good book. All the financial advice your grandmother would give you...but Dave Ramsey keeps his teeth in.

 

If he's that close to broke, what's he doing making inappropriate choices like having kids?

 

I could spend $250,000 of that salary for Lakers courtside season tickets each year, and still have $100,000 to live on. Damn.


Los Angeles Lakers: Drama, guaranteed.

 

No you couldn't, because you lose a fair amount to tax. Or a tax attorney.

 

Then I would spend the money on season tickets 1-4 rows behind the "Nicholson seats". Those are just as good, anyway.


Los Angeles Lakers: Drama, guaranteed.

 

Valid point. However, there are still plenty of people here with kids who get by just fine on $20-$30k (albeit not living in Park Slope, which is where I'm going to assume this guy is). I do want to make it clear that I am actually grateful to have a $14/hr job in this craphole city. I realize how much worse it could be.

 

This guy makes seven times what the typical U.S. family makes so unless his kids eat a bowl of diamonds every morning before school, I don't think having children explains his problems away.

 

Yay!

 

This. Even if you take taxes, the rent/bills, car payments and groceries into account, he still has at least $25,000 a month to live on. I think you can live rather nicely on an income of 25K a month.

 

1%ers whining about 0.1%ers

 

[image=http://3.bp.blogspot.com/-as_Snv4PnCE/TZyYlrzq_vI/AAAAAAAAC1s/YDAYs6hooWo/s1600/Mr_Burns_evil.gif]

Dammit! I wanted to buy that ivory backscratcher!

 

Depends what kind of cars they are. If he's got two Veyrons the payments have gotta be pretty stiff.

 

Can someone tell me how this moron can't afford a dishwasher?

A financial exec who makes $350k/year has to wash his dishes by hand? And we wonder how the banking crisis happened...

 

Sadly, yes it is.

edit: I know its not that important, I was just struck that you chose BU for your example so I commented.