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Scraping by on $150,000 a year
Old 10-12-2007, 03:13 PM   #1
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Scraping by on $150,000 a year

Yet another article on high income wage-slaves: Scraping by on $150,000 a year - MSN Money

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"We're struggling week to week to get by," says Brian, 42. "Any money that comes in gets chewed up right away."

Digesting that fact becomes harder when you consider that the Schuetts earn a comfortable living, with Amy, 39, pulling in $150,000 a year as a hospital psychiatrist. True, their income did take a big hit last summer when Brian got laid off from his job as a sales rep for a pharmaceutical firm (he'd been making a base salary of $82,000 a year, plus commissions as high as $24,000). And they do have four daughters to raise, ages 4 to 9. But still.
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Old 10-12-2007, 03:35 PM   #2
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Gee, those 2 unoccupied rental houses kind of put a dent in your monthly budget, don't they?
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Old 10-12-2007, 03:38 PM   #3
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I don't blame them at all.

4 kids, combined with the late start most doctors have with savings, and a 40% pay cut on top.
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Old 10-12-2007, 03:59 PM   #4
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Yeah, this is a pretty idiotic article. Gee, I wonder why its hard to pay for three houses on one salary?

How stupid are these people?

I'm going to get rid of cable and stop paying the $3/month for my unlisted phone, but I'm going to hang on to empty rental properties that most likely are costing $2000-$3000+ per month?

Sell the two houses, take the loss, problem solved.


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Gee, those 2 unoccupied rental houses kind of put a dent in your monthly budget, don't they?
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Old 10-12-2007, 04:28 PM   #5
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TWO eight hundred pound gorillas.
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Old 10-12-2007, 06:27 PM   #6
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This is NOT another high-income wage slave article. It is the SAME article that was discussed here at length when it first appeared.

We can end this thread now or resurrect the old thread. Or we can go on like this was a new article and compare what we wrote back then with what we write now
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Old 10-12-2007, 07:22 PM   #7
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Originally Posted by Hamlet View Post
Yeah, this is a pretty idiotic article. Gee, I wonder why its hard to pay for three houses on one salary?

How stupid are these people?

I'm going to get rid of cable and stop paying the $3/month for my unlisted phone, but I'm going to hang on to empty rental properties that most likely are costing $2000-$3000+ per month?

Sell the two houses, take the loss, problem solved.
If stupidity were outlawed in this country, we would have one h@ll of a lot of outlaws on the loose.
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Old 10-12-2007, 08:57 PM   #8
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Gee, those 2 unoccupied rental houses kind of put a dent in your monthly budget, don't they?
But you know that they were going to get easy money from them, just like from all the people on TV.
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Old 10-12-2007, 11:31 PM   #9
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They should of spent more time at work rather being
together and breeding like rabbits!
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Old 10-13-2007, 05:15 AM   #10
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Also your life could be in their hands one sells drugs the other is an M.D!!!
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Old 10-13-2007, 10:14 AM   #11
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Sell the two houses, take the loss, problem solved.
Sell the horse, too. Just one more mouth to feed!
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Old 10-13-2007, 03:43 PM   #12
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$150k in nebraska?

The trade-off is worth it, says Brian, because "the kids so love having a horse."
In fact, Amy has already got a name if they get a second horse: Buttercup. "We'll probably have to wait a while for that," says Brian. "We've got another beast to tame first."

no sympathy from me... 4 girls? they can hand down the clothes...
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