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by Merad
1836 days ago
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With respect either you left out some major details or you have a skewed perspective of what it means to be "doing ok." My position matches what you stated almost exactly (low 6 figures, single, childless, 17 year old Toyota) and I'm doing _very_ well. I bought a house last year, max out my 401k and Roth IRA contributions with additional savings on top, have a decent emergency fund, paid off my student loans five years early... I'm not trying to brag, but a single person making six figures should be doing quite well anywhere in the US. I really suggest sitting down and carefully tracking how you spend money for a month or two to find out where it's going. |
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One example: discrepancies in the local cost of living. For example, someone could live like royalty on a 6 figures is Arkansas, but might barely scrape by with the same salary in San Francisco. According to nerd wallet, a salary of $106k in San Francisco is roughly equivalent to a salary of $50k in Little Rock, AR.
It's pretty presumptuous to suggest that they need to sitting down and carefully tracking spend without knowing more information. Especially considering the original poster wasn't asking for advice (or judgement) from a random internet stranger.
source: https://www.nerdwallet.com/cost-of-living-calculator/compare...