how much richer would you be at the end of a year?


I'd have $22,920 in my pocket.

3/6/2012 10:52:31 AM

*wealthier

3/6/2012 10:53:36 AM

Whatever 1350 x 12 is

But then I wouldn't be able to bitch about it, so no deal

3/6/2012 10:57:30 AM

how do you get richer?

3/6/2012 10:57:31 AM

I would save approximately $12.5k and turn a profit of $4380 from rental income (although I'd write off most of that income in the form of upgrades/repairs.)

I would love to have my home paid for.

[Edited on March 6, 2012 at 10:59 AM. Reason : s]

3/6/2012 10:58:36 AM

Rich is an absolute. One can be either rich or not rich, but there aren't degrees of richness.

3/6/2012 10:59:32 AM

Quote :

"Rich is an absolute. One can be either rich or not rich, but there aren't degrees of richness."

bullshit.


A rich person who makes $10 is $10 richer.

3/6/2012 11:00:17 AM

itt OP humble/brags about his exorbitant rent.

3/6/2012 11:00:50 AM

^^^

Quote :

"nigger rich (not comparable) (idiomatic, offensive, of a person) Living ostentatiously; spending money recklessly, especially a limited supply of money. "

Quote :

"Spending your money unwisely on things you dont need that wont last you that long"

Quote :

"Deeply in debt but ostentatious."

Quote :

"showing up to school in a louis vuitton backpack and baby phat coat and going home to a shack in detroit."

[Edited on March 6, 2012 at 11:02 AM. Reason : .]

3/6/2012 11:01:11 AM

$0, because I would probably just find something else to spend it on

3/6/2012 11:02:37 AM

close to $10,000 for me...Boston rent is ridiculous

3/6/2012 11:04:12 AM

i'd save $8946.24

well actually only half of that

[Edited on March 6, 2012 at 11:06 AM. Reason : ]

3/6/2012 11:04:38 AM

$24

3/6/2012 11:05:14 AM

240 gas fill-ups richer
230 gas fill-ups richer
220 gas fill-ups richer
210 gas fill-ups richer
200 gas fill-ups richer
190 gas fill-ups richer

3/6/2012 11:05:52 AM

Oprah is rich, Bill Gates is wealthy. If Bill Gates woke up tomorrow with Oprah's money, he'd jump out a fuckin' window and slit his throat on the way down saying, "I can't even put gas in my plane!"

3/6/2012 11:06:19 AM

Stop saying 'richer'.

That is not a word.


Use 'wealthier' or 'more rich'

3/6/2012 11:08:13 AM

That's why you should slap anyone who says do not pay extra on your mortgage and invest the difference in stocks and shit.

3/6/2012 11:09:42 AM

Why do home value increase over time while everything else depreciates with age?
In other words, as a home is used and worn, the price increases.
This is not natural and it's killing America.
A home that is 20 years old should not be worth more than the house when it was brand new.
Can you imagine buying a 20 year old car for a higher price than when it was brand new?


When things don't add up like that, someone is taking advantage of you. (government and banks)

3/6/2012 11:12:19 AM

Quote :

"Stop saying 'richer'. That is not a word. Use 'wealthier' or 'more rich'"

Thank you for spreading your misinformation. Richer is indeed a word. It's used every day. How could you not know this?

3/6/2012 11:13:22 AM

Yes, it is used every day. By uneducated people who use it incorrectly.

3/6/2012 11:16:45 AM

Pikey, srsly. Give it a rest. I have the dictionary to back me up.


http://dictionary.reference.com/browse/richer


Who do you have to back you up? Slave famous?

3/6/2012 11:18:22 AM

Many new homes are built like shit.

3/6/2012 11:18:30 AM

Are we counting not paying utilities as well?

3/6/2012 11:18:52 AM

shit... if i had no Home Ownership Duties... my ass would be driving a brand new 911 turbo.

3/6/2012 11:20:46 AM

Quote :

"Are we counting not paying utilities as well?"

Nah, because utilities is something that I think is priced fair and utilities only cost you what you use, so it's a controllable expenditure. Unlike houses, if you don't use your house for 20 days, you still pay mortgage, but don't really pay utilities.

[Edited on March 6, 2012 at 11:21 AM. Reason : .]

3/6/2012 11:20:47 AM

Quote :

"Why do home value increase over time while everything else depreciates with age? In other words, as a home is used and worn, the price increases. This is not natural and it's killing America. A home that is 20 years old should not be worth more than the house when it was brand new. Can you imagine buying a 20 year old car for a higher price than when it was brand new?"

Home value doesn't increase due to age.
It increases due to location and proximity.
If an interstate goes up along your property, it will decrease in value.
If your neighbor don't upkeep there property, your home will decrease in value.
If your school district increases in state rankings, your home value will increase.
If your area becomes more attractive to potential buyers, you home's value will increase.


It does not naturally increase because it gets older.

[Edited on March 6, 2012 at 11:21 AM. Reason : QQ]

3/6/2012 11:21:19 AM

About $20K. But I'm still renting out a room, so takes is to a little over $12K. Spend about $5,500 on the office rent.

Kind of "eek!" at spending $25K/yr just for a place to live and work.

3/6/2012 11:22:30 AM

$4800

3/6/2012 11:23:44 AM

About $17000 for rent

3/6/2012 11:25:01 AM

Quote :

" Kind of "eek!" at spending $25K/yr just for a place to live and work. "

thank you. that is the appropriate response

3/6/2012 11:25:19 AM

Quote :

"Can you imagine buying a 20 year old car for a higher price than when it was brand new?"

I never would, but lots of people do this when you start getting into classics

Comparing a car and a house doesn't work though.



[Edited on March 6, 2012 at 11:28 AM. Reason : ]

3/6/2012 11:25:47 AM

'bout $8k

3/6/2012 11:27:12 AM

I have a 55 year old car that i will sell you for 2,850% of MRSP.

3/6/2012 11:27:50 AM

^^^^

My second thought after that was, "I must be doing alright if I can afford that and still live a semi-comfortable life."

I don't mind the living cost because my house is nice and I love it. As for the office...it's actually dirt cheap for my location and size. Plus all my utilities are included.

So my value is good...but it's still a big lump sum (to me) when you see it like that.

[Edited on March 6, 2012 at 11:29 AM. Reason : .]

3/6/2012 11:29:05 AM

Just looking at straight mortgage, we'd save about $13,000. But obviously that isn't a realistic answer because we'd have to get into comparing the fact that I get to write off the interest and taxes now versus the fact that I would still pay for HOI and taxes if my house was paid off.

3/6/2012 11:30:51 AM

~$16,100.00 includes property tax

3/6/2012 11:32:35 AM

Quote :

" My second thought after that was, "I must be doing alright if I can afford that and still live a semi-comfortable life." I don't mind the living cost because my house is nice and I love it. As for the office...it's actually dirt cheap for my location and size. Plus all my utilities are included. So my value is good...but it's still a big lump sum (to me) when you see it like that. "

You really are doing alright if you make enough money to cover your rent and live comfortably. Can you support a wife with kids without her working, comfortably, and save for retirement while working only 40 hours a week?

[Edited on March 6, 2012 at 11:37 AM. Reason : .]

3/6/2012 11:33:56 AM

Quote :

"You really are doing alright if you make enough money to cover your rent and live comfortably. Can you support a wife with kids without her working comfortably and save for retirement while working only 40 hours a week"

I date a girl who is a teacher in one of the lowest paid (if not THE lowest) states in the country and we pretty much live like a married couple. So I could support her easily (and still save). I could comfortably support one kid right now...but would be tough (at this time), if she didn't work. My big spending is going out to nice restaurants. Having a kid would cut out that expense...which would then go to the child.

Also, my income is steadily rising. So by the time I have a kid or two, hopefully I would be able to support them and then some.

[Edited on March 6, 2012 at 11:40 AM. Reason : .]

3/6/2012 11:40:12 AM

Ha, I'm seeing a teacher as well. They make less than dick. Her checks look like mine from when I was a fucking intern.

3/6/2012 11:42:00 AM

How many hours a week do you work?

3/6/2012 11:42:00 AM

60ish

3/6/2012 11:43:11 AM

Yea, one of my wife's degrees is in education and she has her license. Here in SC, the teachers get paid terribly though. She got a random job at my company instead (that technically doesn't even need a degree, but her degrees helped her start out higher) and makes as much as she would in this school district if she had 15+ years of experience teaching. She pretty much decided to keep working here instead of being on the waiting list for an opening at a school close to us.

[Edited on March 6, 2012 at 11:48 AM. Reason : ]

3/6/2012 11:45:14 AM

Quote :

"How many hours a week do you work?"

Depends. Sometimes as little as 25 (like this week with the ACC tourney one!!).

Sometimes as much as 60 if I've got a lot of shit coming to head at the same time.

But I probably average about 35. I'd like to work 50-60 a week...then I'd be making a shit ton more money.

3/6/2012 11:47:18 AM

wow, a lot of you pay a LOT for housing. i can't imagine paying that much (right now).

3/6/2012 11:56:13 AM

At my current rent, if I could pocket the money instead, I would have $13,800.

I am paying too much rent. Need to find a cheaper place when I relocate this summer.

3/6/2012 11:58:54 AM

3/6/2012 12:12:34 PM

$30k

3/6/2012 12:27:51 PM

3/6/2012 12:36:54 PM

My house payment is only $600 right now but we have no insurance/tax escrows.

[Edited on March 6, 2012 at 1:49 PM. Reason : dang thats still 7200/yr]

3/6/2012 1:48:24 PM

I'd have $5,532 per year.

3/6/2012 2:09:12 PM