CNBC Presents Breakdown of Magical 25 Year Old that makes $100K A Year
- Thread starter BWoog
- Start date
Coming into this thread, I was thinking that the 100k number was not that rare depending on the area and career. But $825 rent while making $100k is kind of out of this world.
Edit: The article opens that he started his own business. Way to bury the lede, OP.
Also, "Klee lives in a shared house with four roommates"
Edit: The article opens that he started his own business. Way to bury the lede, OP.
Also, "Klee lives in a shared house with four roommates"
I'd like to see anywhere where a person pays $825/mo in rent while living in a place where $100k/yr jobs for 25 year olds exist.
(And apparently said 100k income 25 year olds don't have student loan debt either. Unless they're making 'donations' to Navient...)
(And apparently said 100k income 25 year olds don't have student loan debt either. Unless they're making 'donations' to Navient...)
i don't see a part of this pie chart for tickets to follow around Imagine Dragon around for the summer
Article says he has 3 other roommates if you click through. I think the Internet is split too obviously. He's on his parents' cell phone plan.
cross posting this from the Poli thread:
Ok so that chart is INSANE, but if you read the article. its......actually worse.
Its saying he pays that in rent because he lives with 4 roommates.
and is on his parents cell phone plan, so thats low.
and doesnt need a car cause hes in the city and lives close to work
internet is low cause he splits it
etc etc.
Basically its saying "this is how you budget with zero loan debt and a huge support system"
completely dumb and helpful to no one. Gimme the budget for someone on their own 25 years old making 35k
Ok so that chart is INSANE, but if you read the article. its......actually worse.
Its saying he pays that in rent because he lives with 4 roommates.
and is on his parents cell phone plan, so thats low.
and doesnt need a car cause hes in the city and lives close to work
internet is low cause he splits it
etc etc.
Basically its saying "this is how you budget with zero loan debt and a huge support system"
completely dumb and helpful to no one. Gimme the budget for someone on their own 25 years old making 35k
Seriously, that's the biggest magic here. Edit: 4 roommates. Okay, that makes sense.
It's mind bending how out of touch these people are with reality, in fact they shouldn't be working as journalists.
I made 100k around that age and my spending was way higher, i barely saved any money.
I live in a kind of expensive city and the more you make, the more you spend as youre going to be surrounded by people that have money to spend too.
I live in a kind of expensive city and the more you make, the more you spend as youre going to be surrounded by people that have money to spend too.
This.
20 dollars for internet? 40 dollars for cell phone? These are tiny, but the rent one is huge.
If you are 25 and making 100k in reality you'll be spending ~1500 on rent
Cellphone, internet, and housecleaner should be a hundred each. Who hires a cleaner for 2 hours a month? 30 bucks might not even get you that.
"House Cleaner"? Does he have a maid service or something? Also, I'd love to pay $40 for cell service and $20 for internet. You can get away with $825 on rent by having a (or several) roommates.
I assume, without reading the article, this dude has several roommates all crammed into a small apartment.
I assume, without reading the article, this dude has several roommates all crammed into a small apartment.
Seriously. Unless they have 42 roommates.
As embarrassing as the Wall Street Journal.
The place I work for, $30 wouldn't even get you one hour of cleaning.
I was going to say I don’t know who the fuck is cleaning his house for $30 a month but now I see
OP
OP
Psssshhhh
Yeah they forget to mention the dude is living in Singapore. Might be a nice little tip to throw in there.
Yeah, I'm reading through it now. Four roommates is a lot. But yeah, no student loan debt, parents' cell phone plan, no need for a car, only occasional Lyfts... the list goes on for how unrealistic this is for most people.
This fictional 25 year old has money for a cleaning person and $600 in donations. Meanwhile, I'm out here like
$40 is reasonable for a off contract phone plan, although it doesn't show the upfront phone costs. But yeah, $825 for metro connections seems like hmmm
It would not, but if this is a five-way split, that's 150 - which for a house that big, is probably pretty much just very basic bathroom cleaning/vacuuming/maybe bed linens, so what's the point? A house of any size, one time, in a smaller city, is $100+ for those basics.
Either way, smells like nonsense - or actually bad budgeting/use of funds.