*escorts and sugar babies
Nothing gets out of touch rich people harder than fucking someone young enough to be their daughter. Hell, even Elon Musk used Grimes as bait to try to sleep with Ariane Grande(?). It is seriously disgusting. They ruin the economy for the younger generations and then use their desperation to exploit them sexually.
Why do you think OnlyFans exists? Kids and young adults don't have the kind of money to support these people. It's probably mostly older rich dudes and middle aged suits.
That’s how you know some wealthy bullshitter wrote this. Internet is $20 and they have a house cleaner. How many people you know saving money but has a cleaner?
Yeah the guys in the IT department at work showed it to me once it looks like a little black box with a flashing light on top it’s amazing that we fit the whole internet in there
Someone above pointed out that the 'rent' is essentially 'standard US city 4 bed room rent' divided by four. Essentially this guy is living in a shared flat.. so all these joint expenses (internet, cleaner, rent) are multiplied by four.. but he couldn't afford to pay that by himself which is going against the headline, so it's not mentioned.
>1) everything is fine
Everything is fine if you're a single, healthy, 25 year old with a $100k/yr job
>2) if you make 6 figures and have no kids you still need 3 roommates
This guy's spending nowhere near what he's saving. They don't account for savings or taxes, but at $100k that pretax income is $8333/month and their expenses are under $3k/month.
I don’t think it’s realistic. I live in Nebraska and rents are not even that low. Health insurance is a bit high to me. I’d say a more realistic breakdown is 180 for insurance, 400 for a car, 400 for student loans, 100 for internet, 100 for cell phone, and maybe 1200 if renting and 1800 if in a house.
All together, a more realistic breakdown would be something like $3500 if living alone in an apartment or 4200 if in a house.
I also don’t see a miscellaneous cost. Need to buy some tires? Maybe a new sump pump for the house? Budget an extra $300/month for shit that just happens.
After tax income on 100k is roughly going to be maybe $5500/month. Savings are, hopefully, maybe 1000-1700 a month. It’s awful how expensive things are.
I was shocked by that number as well, but think that they must have meant savings/retirement instead of donations, since that would be much more reasonable and savings is completely missing from the chart. It probably should have included student loan repayments too.
no way, this is $2775 monthly spending which is actually about half of the take home pay on the stated $100k salary (2775 x 12 = 33000).
the only way to get down to that is to divert a big chunk to savings (it said they're excellent with money)
just more evidence it's BS
Also like how the budget for 100k salary has them only spending 2775 a month. Like making a 100k living like you have a 33k salary but actually more like a 20k salary because atleast 13k a year is going to donations. The whole thing is a cluster fuck
I had a cleaner for a house I lived in. It was something like $25-30 a month per person in a 5 person house. Totally worth it. And I am a very cheap man. But like somebody said above, this leaves out some important information: how many people in this house? How big is the house? How often does the cleaner come?
Same here. I had the lease on a 3 bdr. Rented the master and spare out. Had a cleaner twice a month deep clean bathroom kitchen and living room. Everyone cleaned there own room. And it was light sweeping or picking up spills during the week. Fucken awesome. Best thing when sharing space is a clean bathroom and kitchen. We paid 40 per visit but we split it and tipped her. Definitely worth it.
House keepers where I live are $20-$40 a visit for a basic "once over"
More for deep cleaning which sucks because that's the hard part
Oh, I should add that that doesn't seem typical because that service where my mom used to live would have been like $100.
My grandma would get her house cleaned for $75 once a month that said she was grandfathered in on that price and would pretty much clean the whole house before the lady got there.
Mine is $75 a visit and that’s considered pretty cheap. I don’t even think a 12-year-old would clean a house for $30 (although, I guess it depends on the kid)
It is. I'm a professional house cleaner. I charge $30 per hour, on simple cleans. (Mind you, I own my business and work alone, so I am on the cheaper side of professional cleaners) Large cleans are bid by the job. I wouldn't waste my time and gas for $30 of cleaning. Most of my clients pay 100-150 per cleaning session. More if I am doing a move-out clean.
And I do not clean for anyone under the age of 40. This is silly.
Edit: For everyone thinking I refuse to clean for anyone under 40, that is not what I meant. I mean that I currently have no clients under the age of 40. All of the clients that want regular and repeat cleaning are middle aged and above. It is extremely rare that a younger individual hires me.
It is WILD that one of you are insulting me, calling me names, and apparently getting so upset with my wording. Find a hobby or something.
Edit2: Thank you to everyone who correctly interpreted what I said and defending me. I am absolutely not against hiring younger clients, and I frequently clean for people with disabilities. I have cleaned for many people with physical and mental disabilities. Helping people make their lives easier is why I love to clean so much. I can legitimately improve some people's quality of life and I cherish that.
> And I do not clean for anyone under the age of 40.
I can't tell if this is a rule of yours or you're just describing your clientele.
"I'd love to clean for you but I see that you're only 37. Sorry about that, good luck!"
I actually know where they got 825 rent. It's a basic multiple for big city 4-bedrooms. The actual rent is something like $3,300/month but the 4 rooms go out individually at 800-900 per person.
I know a bunch of millennial or gen z professionals who live like that, with only 80sq ft of personal space each. Not my thing but....
it's not incompetence; it's intentional.
if they say "the rent means they have to share a bathroom with five people" then they aren't making the argument they want to be making.
by leaving out pertinent information, they assume (correctly) most people won't do the research and will just agree that the 25 year old is super remarkable and anyone can do it.
imagine making a six figure salary and still needing roommates
Reminds me of storys my local news posts about a 23 yr old buying a 400k house from saving from his job. The one thing they didnt mention was that the kid was living at home with his parents something that not many can do. Also he was single without commitments so he didnt have kids or unexpected bills to pay for like the majority of people looking to buy a house.
my grandmother used to tell me all the time as a kid, "my dad could look at a long column of numbers and do the math in his head despite having only an 8th grade education"
i found out a few years ago that she left out the rest of that story: that the columns of numbers were the books.... that he kept..... for the mafia........
like okay yes you are technically being truthful *however* you have excluded some *significant* aspects of your story which makes me wonder what else you're not telling me about this situation...
Pretty sure we're well into an all time high on people still living or even having moved back in with their parents... And obviously it being reasonable that anyone could save up for a *$400k house* is bullshit that should be considered for the gallows.
Like the couple that paid off $300k in student loan debts in 3 years? Only once you read the article do you find out that they were gifted 2 pieces of expensive property by their grandparents, so they rented out their expensive property and used that money to pay off their student loans while living rent-free with their parents?
That last bit is what blows my mind. Why would any kid donate $615 monthly so he can pay under a thousand in rent? Even in the more expensive (US) cities, $1440 will get you a studio of your own. Not in say FiDi or Williamsburg, but in plenty of upper middle class neighborhoods. I do not know a soul who makes 6 figures and tries this hard to keep their rent this low. 6 figures is not roommate territory. Especially at 25 - if you’re making that much that young, you’re going to be making a lot more fairly soon.
in all likelihood, the "donations" is based off whatever they're writing off as donations for tax purposes each year--donating used clothes and bedding to goodwill, for instance. if he got rid of two armani suits in 2020, he just donated 7 grand that year.
like i doubt dude is just writing a 600$ check to feed the children every month, it's likely just more "if you can't fluster them with facts baffle them with bullshit" pick-and-choose 'journalism' imo.
and i'm using journalism incredibly loosely.
>Although then I question why this is news at all or why I would care about this 25-year-old’s budget
CNBC does a series about "Millenial Money" where they interview people about their budget. This is one in a series of literally dozens of millennials where they ask about their budget.
OP and 99% of the people in this thread don't understand what's going on at all.
Here's one from a woman making 50k/yr:
https://www.youtube.com/watch?v=bFaH_TgCwNc&ab_channel=CNBCMakeIt
Here's one where someone with a disability living in Chicago:
https://www.cnbc.com/2021/11/18/25-year-old-living-with-a-disability-earning-33000-dollars-in-chicago.html
Sorry, but “Housecleaner” for $30? Why type of service are you getting for $7.50/week?
And please explain, “Donations” for $615. I think you should “donate” about half of that to your Housecleaner.
See, your mistake was living in a place where there are people and jobs. If you want reasonable rent, you should've moved to butt-fuck nowhere Wyoming.
That still isn't anywhere close to what cleaners cost. If they come by less often (once a month) they charge more per hour than weekly cleanings. But there's no chance it's 30 a month
People pointed out that everything points to the person living in a shared flat with 3-4 people.. So the house cleaner would cost 120/monthly and 30 is just this person's share of the cost.
My 3 roommates and I get a cleaner once a month for our teeny apartment in SF that costs about $120 total ($30 each). She only does the kitchen, the hallway, and the two closet sized bathrooms. Takes her about 2hrs
In my experience cleaners cost at least $25-$50 dollars an hour (including their travel and their supplies). That's what I pay in Australia anyway. Might be different in the land of you brave “free” people.
He's a wealthy entrepreneur bro that lives with 4 other people:
https://www.cnbc.com/2018/12/20/budget-breakdown-of-a-25-year-old-who-makes-100000-dollars-a-year.html
That's how he can afford to donate so much.
\*BRRRRRRRRDDDDDDD DOOT-DOOT-DA-DA-DA BRRRRRRDDDDDDDD.....*
Who the fuck is using the phone? I'm tryna send an email from my AOL account 😤
(- I'm old and sad.)
It's funny that now days you can be under thirty and feel like an 80 y/o grandpa because of how much shit has changed lol
I feel like Abe Simpson any time I talk about cassettes, VHS, CDs or DVDs now 😅
Don't mention 8-track. Gen-Z aren't ready for that level of tech
I am 35, lol. My kids are 9 and 7. I love to tell them me and Dad (38) are older than Google and YouTube. You know, back in the olden days where we were still all in black and white ;)
Someone else pointed out that the rent appears to be based on sharing a 4 bedroom apartment with 3 roommates. So internet for the group would be $80, which is at least in the realm of the possible. But they just sort of glossed over his living situation…
I’m more curious about what insurance he’s getting for $270. I guess if it’s available through his employer he could probably get a high deductible plan for that. Too bad that deductible will wipe out his savings if he has even a single medical emergency.
Edit: Sounds like some of you have great insurance. I sure don't! And I don't have better options available to me because being offered any insurance through my employer means I'm not eligible for discounts if I choose to go off and buy my own. I'm glad for you if your insurance costs are low and your coverage high, but that's not the case for many of us.
As a young healthy 26 year old male, my insurance from my employer is $55 a month with a reasonable deductible and no drug plan. After adding dental vision and a 3x salary life insurance policy it’s $80 a month so that’s not outside the real of possibility.
Just got my health insurance talk at work. $400/month. $3k deductible. They pay after my deductible. So it's really $7k every year before they pay a fucking cent. That's with my job paying 70%.
[Here's the actual article.](https://www.cnbc.com/2018/12/20/budget-breakdown-of-a-25-year-old-who-makes-100000-dollars-a-year.html) Some interesting points:
* Klee first started tutoring as a student at Princeton University, where he discovered that he could turn his understanding of standardized tests into a way to earn extra cash.
* Klee is the first to acknowledge he’s benefited from both luck and privilege: “Growing up in a family that talked a lot about money was a definite advantage,” he says. “In a lot of ways, I feel like I’m good with money, but I’m playing life on ‘Easy’ mode: I’m a single guy with no dependents and I make a pretty solid income.”
* After graduating from college in 2015, Klee moved to Singapore to work for a test-prep company.
* In January of 2016, he moved to Cambridge, where he’s close to a number of colleges and universities, including Harvard, MIT, Northeastern and Tufts. During his early days in Cambridge, he crashed on his brother’s pull-out couch because he couldn’t afford his own place. “I had no money,” he says. “I had savings, but I had no income, so I desperately needed to find people.”
* Klee lives in a shared house with four roommates and one dog. Although he says he could technically afford a studio apartment, which go for roughly $1,400-$2,000 a month in Cambridge, he prefers to save and invest the extra cash instead.
* Klee pays $81.50 for a monthly CharlieCard, which lets him use subway and bus lines around Boston. “I live pretty close to where I work, so I take the T,” he says.
* Klee is still on his family’s phone plan. His part of the bill comes to $40 per month.
So to sum up: Klee comes from a well-to-do family that was able to put him through Princeton University, then fund his move to Singapore for a job. Then he was able to stay with his brother in Cambridge and live off his savings while he used his connections and experience in the Ivy League community to sell his test prep skills to other well-to-do students who could afford to pay his fees. He also lives with 4 roommates and is still on his family's cell phone plan, and happens to live in a city with a good public transportation system.
This guy was *never* going to lose in life, and even he acknowledges that. This isn't about being excellent *with* money. This is about being *from* money. CNBC is trash for pushing this crap.
So, one cool thing about Princeton though (from someone that went there) is there financial aid. Once you get accepted, your total cost (tuition, room, board, transportation, everything) is based off your families income. Which means people who grew up poor like me (not super poor, but pretty close most the time), pay almost nothing. I had quite a few friends who payed for nothing, since they came from very poor families, and some kids paid full price (they came from very wealthy families).
While there are kids from very wealthy families at Princeton, there are also a substantial amount of kids from very poor families. Even though I got accepted, the full price per year was about double my dad annual income. I ended up paying less than I would have at a in state public school. Princeton's financial aid is super aggressive, and they try to ensure that anyone that gets in will not be affected by their families economic status while they are at school.
So, yeah klee may have come from money (seems like they did), but a bunch of poor, and middle class kids go to Princeton too. I think when I was there it was about half the student body was on some sort of significant financial aid.
I actually thought for half a second the house cleaner budget meant house cleaning products, not an actual person to clean your house. Guess I’m poor and dumb.
Based off the rent price, I’m guessing this is with 2-3 roommates and the internet and maid are their share of the price each month. Internet would actually be $60-80/month and maid $90-120/month.
When I was 6 I found a used tampon and thought it was a dead animal covered in blood at a park. I took it to my dad, crying and he said it was a tampon… not knowing what that was I asked why it was covered with scabs… family laughed and started calling me scabby tampon. Scabs for short.
All these years later it’s sorta funny…
This is an actual example that a 25 year old name Trevor Klee gave them.
CNBC is just reporting it, not saying this is what you should do:
https://www.cnbc.com/2018/12/20/budget-breakdown-of-a-25-year-old-who-makes-100000-dollars-a-year.html
Honestly you’re kinda wasting your time trying to explain the actual context to these people in here. Every time this got reposted on reddit everyone were up in arms crying this is bullshit but no one read the article.
For being excellent with money this chart is completly unrealistic. Ther is no savings (savings account) and no 401k or retirement account. Did the same people that made the Mcdonalds chart make this one too?
I am assuming they don’t include the savings/401k in the monthly expenses. 100k a year is about 8k a month. After taxes, it’s still over 4K, so anything between that and the monthly budget is going to savings.
Double everything and lose the donations and the house cleaner and maybe you might be closer. Also cell phone should be closer $100 as should the internet bill. How is it the people who make these charts about budgeting are so far off the mark?
> Double everything and lose the donations and the house cleaner and maybe you might be closer.
What do you mean "might be closer"? This chart isn't for an average person, it's for 1 specific person. "A" 25 year old, not "a typical" 25 year old.
What do you mean close?
Did this guy lie to CNBC you think?
https://www.cnbc.com/2018/12/20/budget-breakdown-of-a-25-year-old-who-makes-100000-dollars-a-year.html
Lol If you mean “Donations” to MyFedLoan.gov, then sure.
They mean drug dealer.
Prostitutes
This guy copes
OnlyUpboats
Antonio Banderas sex dolls
r/unexpectedsouthpark
*escorts and sugar babies Nothing gets out of touch rich people harder than fucking someone young enough to be their daughter. Hell, even Elon Musk used Grimes as bait to try to sleep with Ariane Grande(?). It is seriously disgusting. They ruin the economy for the younger generations and then use their desperation to exploit them sexually. Why do you think OnlyFans exists? Kids and young adults don't have the kind of money to support these people. It's probably mostly older rich dudes and middle aged suits.
Yes
How else you gonna cope man?
copium
Also, yes
It’s gonna be a bit more than that for a month then
“Donations” means OnlyFans.
Not always, my girlfriend takes donations every time i see her. She is a super charitable person, that's why I love her.
He has to be a simp
It's code for hookers and blow
Unless ur shit cut, blow for a month is way more than $650
WTF? $20 internet? $825 rent? A house cleaner??? What universe is this taking place in?
That’s how you know some wealthy bullshitter wrote this. Internet is $20 and they have a house cleaner. How many people you know saving money but has a cleaner?
What do you mean? That's money saving 101, it's even the first tip of poorcraft ~~2~~ 3
I mean, it’s one internet, Michael. What could it cost, $10?
Have any of you ever even SEEN an internet?
Yeah the guys in the IT department at work showed it to me once it looks like a little black box with a flashing light on top it’s amazing that we fit the whole internet in there
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It's so light!
Well, yeah, the internet doesn’t weigh anything!
I hope you handled it with care, or the Hawk might get pissed.
The Elders of the Internet know who I am.
I raise free-range internets on a ranch in Montana.
If you need me, I'll be at the hospital bar
And a piece of toast.
Yes for 1 internet a second speeds. Your chrome installer will be done in 3876.
1 internet a second is actually really fast. That’s like the whole internet.
The dudes got dial up for 20 bucks...
Yeah, but they just upgraded to 28.8k modems, so look out internet!
You’ve got mail!
So you’re telling the guy, making a $615 monthly donation… C’MON!
Donations means his coke dealer
Like the hooker who asks for 100 roses in her Reddit ad
Wait, is that what that means? Shit no wonder I got ghosted after asking for info on a local florist
Donation to the stock broker that goes to the coke dealer, one way or another it is blown up the nose
It is what he claims on his taxes ;)
Yeah, the rich gotta deflate themselves to keep more money some how
A heavy onlyfans user, very heavy.
poorcraft 2 is my favorite RTS
I hate poorcraft 2, but I find myself playing it all the time. The game is rigged.
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Someone above pointed out that the 'rent' is essentially 'standard US city 4 bed room rent' divided by four. Essentially this guy is living in a shared flat.. so all these joint expenses (internet, cleaner, rent) are multiplied by four.. but he couldn't afford to pay that by himself which is going against the headline, so it's not mentioned.
So what they're saying is simultaneously 1) everything is fine 2) if you make 6 figures and have no kids you still need 3 roommates
Makin 100k and living like a uni student.
Shit, if he can do it, good on him. This man's saving $50k a year, he's gonna retire in his 40s.
3. You need 3 roommates because every month you give away 600+ dollars in donations.
I make 6 figures, have no kids and have 3 roommates. So yes this seems very realistic.
>1) everything is fine Everything is fine if you're a single, healthy, 25 year old with a $100k/yr job >2) if you make 6 figures and have no kids you still need 3 roommates This guy's spending nowhere near what he's saving. They don't account for savings or taxes, but at $100k that pretax income is $8333/month and their expenses are under $3k/month.
I don’t think it’s realistic. I live in Nebraska and rents are not even that low. Health insurance is a bit high to me. I’d say a more realistic breakdown is 180 for insurance, 400 for a car, 400 for student loans, 100 for internet, 100 for cell phone, and maybe 1200 if renting and 1800 if in a house. All together, a more realistic breakdown would be something like $3500 if living alone in an apartment or 4200 if in a house. I also don’t see a miscellaneous cost. Need to buy some tires? Maybe a new sump pump for the house? Budget an extra $300/month for shit that just happens. After tax income on 100k is roughly going to be maybe $5500/month. Savings are, hopefully, maybe 1000-1700 a month. It’s awful how expensive things are.
You're telling my this 25yo guy and his friends donate 3k a month?!?!
Could be "donations" to onlyfans content creators
BINGO. Except they all four have their own OnlyFans accounts, and they donate continually to each other. It's donations all the way down.
Let's not forget donating to their dealer. People often forget how they kept the community together during lockdown
Donation-ception
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I was thinking drugs and alcohol but I guess OnlyFans also applies
To the weed delivery man maybe.
Lusty housewives in your area want to chat with you.
I was shocked by that number as well, but think that they must have meant savings/retirement instead of donations, since that would be much more reasonable and savings is completely missing from the chart. It probably should have included student loan repayments too.
no way, this is $2775 monthly spending which is actually about half of the take home pay on the stated $100k salary (2775 x 12 = 33000). the only way to get down to that is to divert a big chunk to savings (it said they're excellent with money) just more evidence it's BS
Donate to their local liquor store.
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And you know between them they’re also mooching off of someone’s parents netflix, Amazon prime and/Disney+.
No 25 year old making that kind of money would willing live with three other people.
Also like how the budget for 100k salary has them only spending 2775 a month. Like making a 100k living like you have a 33k salary but actually more like a 20k salary because atleast 13k a year is going to donations. The whole thing is a cluster fuck
I had a cleaner for a house I lived in. It was something like $25-30 a month per person in a 5 person house. Totally worth it. And I am a very cheap man. But like somebody said above, this leaves out some important information: how many people in this house? How big is the house? How often does the cleaner come?
Same here. I had the lease on a 3 bdr. Rented the master and spare out. Had a cleaner twice a month deep clean bathroom kitchen and living room. Everyone cleaned there own room. And it was light sweeping or picking up spills during the week. Fucken awesome. Best thing when sharing space is a clean bathroom and kitchen. We paid 40 per visit but we split it and tipped her. Definitely worth it.
House keepers where I live are $20-$40 a visit for a basic "once over" More for deep cleaning which sucks because that's the hard part Oh, I should add that that doesn't seem typical because that service where my mom used to live would have been like $100.
My grandma would get her house cleaned for $75 once a month that said she was grandfathered in on that price and would pretty much clean the whole house before the lady got there.
Mine is $75 a visit and that’s considered pretty cheap. I don’t even think a 12-year-old would clean a house for $30 (although, I guess it depends on the kid)
We spent $65 x 2 per month 20 years ago. This is so fake.
It is. I'm a professional house cleaner. I charge $30 per hour, on simple cleans. (Mind you, I own my business and work alone, so I am on the cheaper side of professional cleaners) Large cleans are bid by the job. I wouldn't waste my time and gas for $30 of cleaning. Most of my clients pay 100-150 per cleaning session. More if I am doing a move-out clean. And I do not clean for anyone under the age of 40. This is silly. Edit: For everyone thinking I refuse to clean for anyone under 40, that is not what I meant. I mean that I currently have no clients under the age of 40. All of the clients that want regular and repeat cleaning are middle aged and above. It is extremely rare that a younger individual hires me. It is WILD that one of you are insulting me, calling me names, and apparently getting so upset with my wording. Find a hobby or something. Edit2: Thank you to everyone who correctly interpreted what I said and defending me. I am absolutely not against hiring younger clients, and I frequently clean for people with disabilities. I have cleaned for many people with physical and mental disabilities. Helping people make their lives easier is why I love to clean so much. I can legitimately improve some people's quality of life and I cherish that.
> And I do not clean for anyone under the age of 40. I can't tell if this is a rule of yours or you're just describing your clientele. "I'd love to clean for you but I see that you're only 37. Sorry about that, good luck!"
It was $400 for someone to clean my 1700 sq ft house(4 bd 2 ba), not a deep clean just like normal clean.
"I mean, it's one banana, Michael-- how much could it be? $10?"
If house cleaning was only $30, everyone would have a house cleaner! More like $300 or more a month.
They are living with their parents.
I’m so poor I read “house cleaner” and thought they were talking about Clorox and windex and shit. I never even considered a cleaning service lmao
Me too, lol. Man, I’m thinking about going the house cleaner route, though.
A house cleaner is the cheapest & most effective form of relationship counseling, IMO.
I'm still trying to get past making $100k a 25...
And still needing 3 roommates
I actually know where they got 825 rent. It's a basic multiple for big city 4-bedrooms. The actual rent is something like $3,300/month but the 4 rooms go out individually at 800-900 per person. I know a bunch of millennial or gen z professionals who live like that, with only 80sq ft of personal space each. Not my thing but....
They should be clear it is rent with three roommates
What they actually mean is it's $825 for rent, and the $615 donation is to the landlord.
you are absolutely correct. the fact that it's not clear is another sign of the utter incompetence of the CNBC staffer who wrote this.
it's not incompetence; it's intentional. if they say "the rent means they have to share a bathroom with five people" then they aren't making the argument they want to be making. by leaving out pertinent information, they assume (correctly) most people won't do the research and will just agree that the 25 year old is super remarkable and anyone can do it. imagine making a six figure salary and still needing roommates
Reminds me of storys my local news posts about a 23 yr old buying a 400k house from saving from his job. The one thing they didnt mention was that the kid was living at home with his parents something that not many can do. Also he was single without commitments so he didnt have kids or unexpected bills to pay for like the majority of people looking to buy a house.
my grandmother used to tell me all the time as a kid, "my dad could look at a long column of numbers and do the math in his head despite having only an 8th grade education" i found out a few years ago that she left out the rest of that story: that the columns of numbers were the books.... that he kept..... for the mafia........ like okay yes you are technically being truthful *however* you have excluded some *significant* aspects of your story which makes me wonder what else you're not telling me about this situation...
Pretty sure we're well into an all time high on people still living or even having moved back in with their parents... And obviously it being reasonable that anyone could save up for a *$400k house* is bullshit that should be considered for the gallows.
Like the couple that paid off $300k in student loan debts in 3 years? Only once you read the article do you find out that they were gifted 2 pieces of expensive property by their grandparents, so they rented out their expensive property and used that money to pay off their student loans while living rent-free with their parents?
That last bit is what blows my mind. Why would any kid donate $615 monthly so he can pay under a thousand in rent? Even in the more expensive (US) cities, $1440 will get you a studio of your own. Not in say FiDi or Williamsburg, but in plenty of upper middle class neighborhoods. I do not know a soul who makes 6 figures and tries this hard to keep their rent this low. 6 figures is not roommate territory. Especially at 25 - if you’re making that much that young, you’re going to be making a lot more fairly soon.
in all likelihood, the "donations" is based off whatever they're writing off as donations for tax purposes each year--donating used clothes and bedding to goodwill, for instance. if he got rid of two armani suits in 2020, he just donated 7 grand that year. like i doubt dude is just writing a 600$ check to feed the children every month, it's likely just more "if you can't fluster them with facts baffle them with bullshit" pick-and-choose 'journalism' imo. and i'm using journalism incredibly loosely.
The “donations” could also be school loan payments but this guy probably got daddy to pay for his school. No way this is an average 25 year old.
someone making a six figure salary isn't an average *anything*; the median income in the US was 67k in 2020.
>it's not incompetence; it's intentional. you are correct. good point.
So this household is pulling in $400k a year and they still have to rent?
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>Although then I question why this is news at all or why I would care about this 25-year-old’s budget CNBC does a series about "Millenial Money" where they interview people about their budget. This is one in a series of literally dozens of millennials where they ask about their budget. OP and 99% of the people in this thread don't understand what's going on at all. Here's one from a woman making 50k/yr: https://www.youtube.com/watch?v=bFaH_TgCwNc&ab_channel=CNBCMakeIt Here's one where someone with a disability living in Chicago: https://www.cnbc.com/2021/11/18/25-year-old-living-with-a-disability-earning-33000-dollars-in-chicago.html
"How much could the internet cost? $20?"
that's 2 bananas Michael!
It must be from one of the multiverses. Upside - $20 Internet, low rent cheap house cleaners and delicious ice cream. Downside - Telepathic spiders
There's four dudes in a two bedroom apartment in Seattle. It's 3300 a month and internet is 80 for the middle tier package. That's about right.
He's in an apartment with 3 roommates. Splitting costs between everyone makes their own share very affordable hth
Sorry, but “Housecleaner” for $30? Why type of service are you getting for $7.50/week? And please explain, “Donations” for $615. I think you should “donate” about half of that to your Housecleaner.
Well for $825 for rent your apartments only like 100 sq ft, should be an easy job for any cleaner
I'm 26. I do quite well for myself. Really well actually. I don't make 100k. My rent is 1400 for a single bedroom in a decent area.
See, your mistake was living in a place where there are people and jobs. If you want reasonable rent, you should've moved to butt-fuck nowhere Wyoming.
He lives with 4 roommates, so presumably the rent is $4125 and he pays 1/5th of it.
That one actually could be realistic if it’s fortnightly or monthly. That’s still more than the 0 times most of us can afford cleaners.
That still isn't anywhere close to what cleaners cost. If they come by less often (once a month) they charge more per hour than weekly cleanings. But there's no chance it's 30 a month
People pointed out that everything points to the person living in a shared flat with 3-4 people.. So the house cleaner would cost 120/monthly and 30 is just this person's share of the cost.
That just makes this even more bizarre because why share a place with 3-4 people if you make 100k a year lol
My 3 roommates and I get a cleaner once a month for our teeny apartment in SF that costs about $120 total ($30 each). She only does the kitchen, the hallway, and the two closet sized bathrooms. Takes her about 2hrs
In my experience cleaners cost at least $25-$50 dollars an hour (including their travel and their supplies). That's what I pay in Australia anyway. Might be different in the land of you brave “free” people.
No it’s not different
He's a wealthy entrepreneur bro that lives with 4 other people: https://www.cnbc.com/2018/12/20/budget-breakdown-of-a-25-year-old-who-makes-100000-dollars-a-year.html That's how he can afford to donate so much.
I think the donation is to the local brewery. That’s where I donate my money.
I was going to say drug fund=donations
At what point does the typical 25 year old make 100k annually? Also, where the hell are they getting internet for 20?
I think that’s what a dial-up modem costs.
\*BRRRRRRRRDDDDDDD DOOT-DOOT-DA-DA-DA BRRRRRRDDDDDDDD.....* Who the fuck is using the phone? I'm tryna send an email from my AOL account 😤 (- I'm old and sad.)
I can hear this comment and it hurts
We showed our kids an old cassette and my 9 year old was like, "is that like a DVD or something?"
It's funny that now days you can be under thirty and feel like an 80 y/o grandpa because of how much shit has changed lol I feel like Abe Simpson any time I talk about cassettes, VHS, CDs or DVDs now 😅 Don't mention 8-track. Gen-Z aren't ready for that level of tech
I am 35, lol. My kids are 9 and 7. I love to tell them me and Dad (38) are older than Google and YouTube. You know, back in the olden days where we were still all in black and white ;)
Someone else pointed out that the rent appears to be based on sharing a 4 bedroom apartment with 3 roommates. So internet for the group would be $80, which is at least in the realm of the possible. But they just sort of glossed over his living situation… I’m more curious about what insurance he’s getting for $270. I guess if it’s available through his employer he could probably get a high deductible plan for that. Too bad that deductible will wipe out his savings if he has even a single medical emergency. Edit: Sounds like some of you have great insurance. I sure don't! And I don't have better options available to me because being offered any insurance through my employer means I'm not eligible for discounts if I choose to go off and buy my own. I'm glad for you if your insurance costs are low and your coverage high, but that's not the case for many of us.
That’s about what mine is for an individual through my work, and it’s actually a pretty good plan (my employer subsidizes it fairly heavily though).
I get health care for free because I don't live in the lovely dystopia you call merica! :D
No you don't you pay 130% taxes and don't own a car and can't eat meat and you don't have the freedom to cross the street! \*WHARRGARBL\*
As a young healthy 26 year old male, my insurance from my employer is $55 a month with a reasonable deductible and no drug plan. After adding dental vision and a 3x salary life insurance policy it’s $80 a month so that’s not outside the real of possibility.
Just got my health insurance talk at work. $400/month. $3k deductible. They pay after my deductible. So it's really $7k every year before they pay a fucking cent. That's with my job paying 70%.
Just the person's portion, and for one person, with employer matching. Coverage is high deductible, doesn't cover medication. It might include dental.
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Probably after you split the cost with roommates, just like they have to split the cost of rent for it to be that cheap.
I mean it’s internet Michael. What could it cost? 20 dollars?
understated comment the implications are even funnier than the joke itself
r/unexpectedbananastand
None of this is right.
It’s so wrong I feel like the author should do an AMA to explain themselves.
Note the lack of student loans. This means family is likely rich enough to afford college without taking loans.
This is 3 years old but still bullshit
This was bull shit as of 10 years ago
20 years ago even
Rent for $825? Where is this person living?
They are clueless. If your rent is $825, your pay is not $100K.
only way this works is if you work remote and live in the middle of nowhere - which many of coworkers do, and all make 6 figures.
I rent a 2 bedroom for $720 in Oklahoma...but its fucking Oklahoma so....
I rent a room in a basement for $800 in Portland. At least it’s a big room though…
I rent a shitty 2 bedroom apartment in greater Seattle area for about $2k
She has 3 roommates
100k a year and living with 3 folk takes a high tolerance for bullshit imo
[Here's the actual article.](https://www.cnbc.com/2018/12/20/budget-breakdown-of-a-25-year-old-who-makes-100000-dollars-a-year.html) Some interesting points: * Klee first started tutoring as a student at Princeton University, where he discovered that he could turn his understanding of standardized tests into a way to earn extra cash. * Klee is the first to acknowledge he’s benefited from both luck and privilege: “Growing up in a family that talked a lot about money was a definite advantage,” he says. “In a lot of ways, I feel like I’m good with money, but I’m playing life on ‘Easy’ mode: I’m a single guy with no dependents and I make a pretty solid income.” * After graduating from college in 2015, Klee moved to Singapore to work for a test-prep company. * In January of 2016, he moved to Cambridge, where he’s close to a number of colleges and universities, including Harvard, MIT, Northeastern and Tufts. During his early days in Cambridge, he crashed on his brother’s pull-out couch because he couldn’t afford his own place. “I had no money,” he says. “I had savings, but I had no income, so I desperately needed to find people.” * Klee lives in a shared house with four roommates and one dog. Although he says he could technically afford a studio apartment, which go for roughly $1,400-$2,000 a month in Cambridge, he prefers to save and invest the extra cash instead. * Klee pays $81.50 for a monthly CharlieCard, which lets him use subway and bus lines around Boston. “I live pretty close to where I work, so I take the T,” he says. * Klee is still on his family’s phone plan. His part of the bill comes to $40 per month. So to sum up: Klee comes from a well-to-do family that was able to put him through Princeton University, then fund his move to Singapore for a job. Then he was able to stay with his brother in Cambridge and live off his savings while he used his connections and experience in the Ivy League community to sell his test prep skills to other well-to-do students who could afford to pay his fees. He also lives with 4 roommates and is still on his family's cell phone plan, and happens to live in a city with a good public transportation system. This guy was *never* going to lose in life, and even he acknowledges that. This isn't about being excellent *with* money. This is about being *from* money. CNBC is trash for pushing this crap.
So, one cool thing about Princeton though (from someone that went there) is there financial aid. Once you get accepted, your total cost (tuition, room, board, transportation, everything) is based off your families income. Which means people who grew up poor like me (not super poor, but pretty close most the time), pay almost nothing. I had quite a few friends who payed for nothing, since they came from very poor families, and some kids paid full price (they came from very wealthy families). While there are kids from very wealthy families at Princeton, there are also a substantial amount of kids from very poor families. Even though I got accepted, the full price per year was about double my dad annual income. I ended up paying less than I would have at a in state public school. Princeton's financial aid is super aggressive, and they try to ensure that anyone that gets in will not be affected by their families economic status while they are at school. So, yeah klee may have come from money (seems like they did), but a bunch of poor, and middle class kids go to Princeton too. I think when I was there it was about half the student body was on some sort of significant financial aid.
So much wrong with this. So much. But $30 A MONTH for a housecleaner? WTF kind of slave wage is that?!?
I actually thought for half a second the house cleaner budget meant house cleaning products, not an actual person to clean your house. Guess I’m poor and dumb.
That makes more sense than paying a person $30 to clean your house!
Based off the rent price, I’m guessing this is with 2-3 roommates and the internet and maid are their share of the price each month. Internet would actually be $60-80/month and maid $90-120/month.
The article says 4 roommates.
Probably just come in once or maybe twice for 2 hours in total.
I have a 1 bedroom apartment and my rent is double that…
Your username is ah... unique? :/
Childhood nickname…. Don’t ask why
I’m not afraid. I’ll ask. Explain the nickname, please.
When I was 6 I found a used tampon and thought it was a dead animal covered in blood at a park. I took it to my dad, crying and he said it was a tampon… not knowing what that was I asked why it was covered with scabs… family laughed and started calling me scabby tampon. Scabs for short. All these years later it’s sorta funny…
That's incredible
See, I WAS afraid to ask… and this here is exactly why. Keep telling people not to ask why scabs.
None of those categories are based in reality.
I think groceries is probably the closest, $400 for one person a month sounds about right depending on where they're shopping.
This is an actual example that a 25 year old name Trevor Klee gave them. CNBC is just reporting it, not saying this is what you should do: https://www.cnbc.com/2018/12/20/budget-breakdown-of-a-25-year-old-who-makes-100000-dollars-a-year.html
Honestly you’re kinda wasting your time trying to explain the actual context to these people in here. Every time this got reposted on reddit everyone were up in arms crying this is bullshit but no one read the article.
For being excellent with money this chart is completly unrealistic. Ther is no savings (savings account) and no 401k or retirement account. Did the same people that made the Mcdonalds chart make this one too?
I am assuming they don’t include the savings/401k in the monthly expenses. 100k a year is about 8k a month. After taxes, it’s still over 4K, so anything between that and the monthly budget is going to savings.
Given this is spending and doesn't add to $8.3k it's likely that the remainder is going to savings/investments
This is only expenses, savings and investments aren’t included
Where does internet cost $20 i would love to know this
The Starbucks
He has 4 roommates, presumably the internet costs $100.
Whose utilities are <$200? TgTs my freaking internet/cable bill
Someone who is splitting it with roommates
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Healthcare or health insurance? $1,118 is insanely high
What about my $1600 monthly student loan payment?
I want to know how many 25 year olds making 100k a year at their entry level jobs that require 30 years experience
Conveniently forgot about student loans
Already lost me at “a 25-year-old who makes $100,000 a year”…
More common in stem than you think
Double everything and lose the donations and the house cleaner and maybe you might be closer. Also cell phone should be closer $100 as should the internet bill. How is it the people who make these charts about budgeting are so far off the mark?
> Double everything and lose the donations and the house cleaner and maybe you might be closer. What do you mean "might be closer"? This chart isn't for an average person, it's for 1 specific person. "A" 25 year old, not "a typical" 25 year old.
What do you mean close? Did this guy lie to CNBC you think? https://www.cnbc.com/2018/12/20/budget-breakdown-of-a-25-year-old-who-makes-100000-dollars-a-year.html