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Who Here Has a Net Worth of Over One Million USD

Do you have a net worth (net of debt you owe) of over $1 million USD

  • Yes

    Votes: 22 19.3%

  • No

    Votes: 92 80.7%
  • Total voters
    114
  • Poll closed .
OGD is going to feel like a fool saving all that money when the nanobots come and there's no old age or disease to save for.

Unless he's saving to buy more nanobots.
 
ABCDeac said:
You left out the cost of a gun and bullets. Sounds like a terrible existence. Enjoy life - I am a big saver and big proponent of living within your means. My wife and I make more than the magical $250K, so we are by definition "rich." We do save quite a bit, but before I got married, I wanted to save more than my wife did. But, I now realize (particularly with the market turbulence) that you can't really plan for everything, you are going to have dips, etc. And, the older I get, the more I realize how short life really is (I know you are a Kurzweil fan and you think you will live forever - maybe so). You need to enjoy it while you can - not recklessly, but don't punish yourself just for the sake of saving some extra loot. I doubt you will think it is worth it in the long run.
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Exactly.
 
Agree with others that say it can be done but it would be miserable as hell.
 
ImTheCaptain said:
food $200/month???????

lol making $90k and you spend $50/week. that life sucks, dude
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But turkey sandwiches and cliff bars are just sooo delicious :)

Food could probably be bumped up a bit but clothes and furniture were overestimated. Also the $400 entertainment includes going out every once in a while.

But as ABC and you have noted, this is admittedly not a very fulfilling life to maintain forever. 6 years of this though and you are 30 years old with $350k+ saved with interest and probably a job making $120k. Then you can double the lifestyle, get married, buy a house and still save the same $40k. Though I agree you can't count on anything in this economy. And I should mention, this is a good bit better of a lifestyle than I have lived for the past 5 years, if you can believe that.
 
OGD, I think most married guys will tell you that it's great to save money to be financially secure when you're married, but the extra things you can blow money on as a single dude are better than the extra things you'll be forced to blow money on as a married dude. To have the latter without the former is a damn shame.
 
OliveGardenDeac said:
But turkey sandwiches and cliff bars are just sooo delicious :)

Food could probably be bumped up a bit but clothes and furniture were overestimated. Also the $400 entertainment includes going out every once in a while.

But as ABC and you have noted, this is admittedly not a very fulfilling life to maintain forever. 6 years of this though and you are 30 years old with $350k+ saved with interest and probably a job making $120k. Then you can double the lifestyle, get married, buy a house and still save the same $40k. Though I agree you can't count on anything in this economy. And I should mention, this is a good bit better of a lifestyle than I have lived for the past 5 years, if you can believe that.
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Dude, I don't know how to break this to you, but there aren't that many Comp Sci jobs that are paying 120k after only 6 years right now. It's way cheaper to outsource to India and hire 6 programmers for that.
 
PhDeac said:
OGD, I think most married guys will tell you that it's great to save money to be financially secure when you're married, but the extra things you can blow money on as a single dude are better than the extra things you'll be forced to blow money on as a married dude. To have the latter without the former is a damn shame.
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+ 1 billion.

In the last 12 months alone:

2k on a new washer/dryer (you would not believe the prodigious number of clothes 3 little boys go through)

2k in auto maintenance (new tires on both vehicles, new timing belt on truck)

$400 for a new vaccuum (Dyson Animal FTW)

1k in unexpected vet bills after the dog hurt herself in the back yard.

This kind of stuff just adds up.
 
Marquee Moon said:
I probably spend 500-800 a month on restaurants alone
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I am obsessive about tracking our expenses and we average $400/mo in groceries (which includes various household goods like TP, paper towels, dog food, etc) and $800/mo in dining out.

When my wife was on unemployment a couple months ago we scaled back the dining out to about $200/mo to make sure we didn't go into debt. We like to eat out quite a bit, but we also know it's a great place for a little belt tightening when things are tight.
 
Liquid Karma said:
+ 1 billion.

In the last 12 months alone:

2k on a new washer/dryer (you would not believe the prodigious number of clothes 3 little boys go through)

2k in auto maintenance (new tires on both vehicles, new timing belt on truck)

$400 for a new vaccuum (Dyson Animal FTW)

1k in unexpected vet bills after the dog hurt herself in the back yard.

This kind of stuff just adds up.
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so true. i try to justify why i didn't save as much money as i wanted to in a given month. it's usually something like, oh because i wasn't planning on spending $750 on a new water heater this month. then the same thing happens every fucking month although instead of a water heater, it's a dr. bill, or vehicle taxes, or car repair, or new appliances, and on and on.
 
PhDeac said:
OGD, I think most married guys will tell you that it's great to save money to be financially secure when you're married, but the extra things you can blow money on as a single dude are better than the extra things you'll be forced to blow money on as a married dude. To have the latter without the former is a damn shame.
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this is unbelievably well said.
 
ImTheCaptain said:
does OGD actually have this 90k/year job yet or is this just in his plan
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totally hypothetical and somewhat optimistic figure, but it's fun to think about :D

And LK, yea I know there are very few $120k comp sci jobs with six years exp, but it's more common than you think in the bay area. You just have to have a good connection. A lot of times you are worth more with 6 years experience than with 20 years there as weird as it sounds.

$80k at age 22 isn't uncommon
$120k at 27 is quite possible
Then back down to $80k at 35 unfortunately as employers see you as older, not as familiar with the latest technologies and not as able physically to put in the long hours.

And yea, 65k would be the average nationwide for MS in CS starting, but bay area pays quite a bit higher than average. Living expenses are more too, but that's why I plan on living int he ghetto. I do need to add in the gun and bullets though as ABC suggested. I can probably pick one up on the black market for cheap.
 
ImTheCaptain said:
does OGD actually have this 90k/year job yet or is this just in his plan
Click to expand...

It's his plan, and it's quite amusing given the job market. His Masters in CS should get him a decent wage when he comes out of college, but I think the going rate for starting programmers with a grad degree is more in the 60-70 range currently.
 
OliveGardenDeac said:
totally hypothetical and somewhat optimistic figure, but it's fun to think about :D

And LK, yea I know there are very few $120k comp sci jobs with six years exp, but it's more common than you think in the bay area. You just have to have a good connection. A lot of times you are worth more with 6 years experience than with 20 years there as weird as it sounds.

$80k at age 22 isn't uncommon
$120k at 27 is quite possible
Then back down to $80k at 35 unfortunately as employers see you as older, not as familiar with the latest technologies and not as able physically to put in the long hours.
Click to expand...

in the bay area where everything is at least twice as expensive
 
OliveGardenDeac said:
totally hypothetical and somewhat optimistic figure, but it's fun to think about :D

And LK, yea I know there are very few $120k comp sci jobs with six years exp, but it's more common than you think in the bay area. You just have to have a good connection. A lot of times you are worth more with 6 years experience than with 20 years there as weird as it sounds.

$80k at age 22 isn't uncommon
$120k at 27 is quite possible
Then back down to $80k at 35 unfortunately as employers see you as older, not as familiar with the latest technologies and not as able physically to put in the long hours.
Click to expand...

LOL that you came up with that budget based on living in the bay area. Cost of living is going to hammer you, not to mention you aren't keeping 2/3 of your gross pay living in CA.

I spent a year living in Santa Barbara and rented a house with 3 other guys. My share was still $750/mo.
 
Liquid Karma said:
+ 1 billion.

In the last 12 months alone:

2k on a new washer/dryer (you would not believe the prodigious number of clothes 3 little boys go through)

2k in auto maintenance (new tires on both vehicles, new timing belt on truck)

$400 for a new vaccuum (Dyson Animal FTW)

1k in unexpected vet bills after the dog hurt herself in the back yard.

This kind of stuff just adds up.
Click to expand...

Exactly. My best friend is single and lives in Fort Lauderdale. He's 34. We used to both be single young professors here in Tampa transitioning into making good money after living off $15K or so as grad students. Less than 2 years after I started my job, I was in a relationship and eventually got married. I still did some traveling to Wake games and such but most of my travel was shut down due to lack of funds and now that I have the funds, I don't have the freedom to do more than a road trip to FSU and one or two home games as part of family trips.

After several years of making good money, my single friend has been to the last two Final Fours, scalped into the Super Bowl in Miami, been to the Masters, and a few other major sporting events it would have been tougher to swing when we were younger.

That $1,000 you're saving by not going on a golfing trip with your buddies or road tripping to South Bend next Fall or other stuff will just end up going towards some household appliance 5-10 years. Not saying you shouldn't save, but don't not do things either.
 
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