relative to what you make, how much do you spend? - GoFuckYourself.com - Adult Webmaster Forum

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quiet

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#1

relative to what you make, how much do you spend?

08-10-2003, 11:55 PM

as a baseline, let's say you're making 250K/year (after taxes). what percentage of your after tax earnings do you think is appropriate to spend on your lifestyle?

i had a very interesting talk yesterday with someone from gfy, and was blown away by his thoughts on savings/investment vs spending... lets' hear it

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#2

08-10-2003, 11:56 PM

too much lately lol

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#3

08-10-2003, 11:56 PM

depends 100% on what you make. if you make 10k a year you could justify spending all of it by necessity, but if you make 10 mil a year you should be saving a lot of it.

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#4

08-10-2003, 11:57 PM

I spend nothing. I always thought my family was Catholic, but there's just got to be some Jew in me somewhere.

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#5

08-10-2003, 11:57 PM

Hell yes... When I was in school I got 100$. I live on that... Now I got very much more and I can´t live at that =?
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#6

08-10-2003, 11:57 PM

id say avg i spend about 85% or so of my money.

too much i know ....

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#7

08-10-2003, 11:57 PM

i eat ramen noodles.
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quiet

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#8

08-11-2003, 12:01 AM

Originally posted by beemk
depends 100% on what you make. if you make 10k a year you could justify spending all of it by necessity, but if you make 10 mil a year you should be saving a lot of it.

i suppose that might have been why i included a baseline figure.

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#9

08-11-2003, 12:03 AM

Originally posted by quiet

i suppose that might have been why i included a baseline figure.

Was that your reasoning?

250k a year, the first year I would say 50% to 75% spent wouldn't sound too crazy. (Depending on what you spent it on) After that though maybe 25% to 30% a year with some of the extra going to investments but most in the bank.

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#10

08-11-2003, 12:08 AM

Relatively little. Once you have a house and car (the large life expenses) that you like and in a location that you enjoy, there really aren't many other places to spend so much money. Only on things like vacations and extra toys, but even those shouldn't bite into the savings too much. This is assuming you live comfortably but not extravagantly (ex. you don't need the latest car or new house every month type of lifestyle)
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#11

08-11-2003, 12:09 AM

Originally posted by Mike33
Relatively little. Once you have a house and car (the large life expenses) that you like and in a location that you enjoy, there really aren't many other places to spend so much money. Only on things like vacations and extra toys, but even those shouldn't bite into the savings too much. This is assuming you life comfortably but not extravagant (ex. you don't need the latest car or new house every month type of lifestyle)

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#12

08-11-2003, 12:13 AM

Originally posted by BigFrog

you arent married are you?

, well are wives an invesment or an expense. Ok, no further comments from me
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quiet

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#13

08-11-2003, 12:18 AM

Originally posted by stocktrader23
[B]

Was that your reasoning?

i don't follow... i didn't present a conclusion, so there was no reasoning (looking at my input for this thread). just proposing the idea. 250K after taxes was what the conversation (i mentioned) centered around.

Last edited by quiet; 08-11-2003, 12:20 AM.

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#14

08-11-2003, 12:23 AM

Originally posted by quiet

i suppose that might have been why i included a baseline figure.

haha, im tired as hell i didnt even see that. i would say spend as much of it as you want if you have $ saved up already and your house/car/etc are paid off. if not i would limit my spending as much as possible.

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#15

08-11-2003, 12:28 AM

Interesting thread... Well, I'm under 500k a yr and my mthly expenses are $6,200. I've got a house car and a few toys but I plan on saving alot more.

If you're making 250k per yr, that's around 20k per mth. You should be able to bank at least 6k per mth after expenses.
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quiet

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#16

08-11-2003, 12:34 AM

Originally posted by sweetcuties
Interesting thread... Well, I'm under 500k a yr and my mthly expenses are $6,200. I've got a house car and a few toys but I plan on saving alot more.

If you're making 250k per yr, that's around 20k per mth. You should be able to bank at least 6k per mth after expenses.

after taxes (and obviously after expenses) on 250K a year or 20K/month - that's 14K month spending money, assuming you bank 6K/month (like you said).

i'm curious if this sounds reasonable to most people making their revenue via the adult internet...

Last edited by quiet; 08-11-2003, 12:37 AM.

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#17

08-11-2003, 12:35 AM

Just don't try to start a new life in your late 30's and you should get along well. lol Banks don't like old divorced folks wanting to buy a house or anything like that. Even when you can afford it!

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#18

08-11-2003, 12:49 AM

I'm managing to live on about 25% of my income...All the rest is invested.

These days I hardly make any wasteful expenditures.

However if I was 18 and making this money god knows what I would be spending.

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#19

08-11-2003, 12:51 AM

Originally posted by sweetcuties
Interesting thread... Well, I'm under 500k a yr and my mthly expenses are $6,200. I've got a house car and a few toys but I plan on saving alot more.

For $6200 / mo you can live like a king. I do and it costs me a lot less than that. What do you spend it on?

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#20

08-11-2003, 12:58 AM

Originally posted by Shoplifter

For $6200 / mo you can live like a king. I do and it costs me a lot less than that. What do you spend it on?

Mortgage, car, hosting, talent, salary (mine) are my biggest expenses. I don't really go on shopping sprees anymore buying clothes or shit like that and the older I get the more I save.
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#21

08-11-2003, 01:01 AM

Originally posted by quiet

i don't follow... i didn't present a conclusion, so there was no reasoning (looking at my input for this thread). just proposing the idea. 250K after taxes was what the conversation (i mentioned) centered around.

I was just making fun of beemk.

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#22

08-11-2003, 01:07 AM

I rarely spend money cuz I get all my fries for free at work.

I sleep under a trailer, though
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quiet

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#23

08-11-2003, 01:10 AM

i've been in the save mode for several years now. i only spend around 7% of my (after tax) net retained each year.

i love watching the liquid build up...

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quiet

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#24

08-11-2003, 01:13 AM

Originally posted by hybrid
I rarely spend money cuz I get all my fries for free at work.

I sleep under a trailer, though

you should leave this board and concentrate on making money. i know you won't, but i had to say it. anyway,

best of luck...

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#25

08-11-2003, 01:15 AM

you should leave this board and concentrate on making money

I'm at work right now, man.

I thought you knew the lowdown.

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I can't be making porn sites at Kinko's, man.

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#26

08-11-2003, 01:20 AM

110%

..and I'm off.
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#27

08-11-2003, 01:24 AM

Originally posted by quiet
i've been in the save mode for several years now. i only spend around 7% of my (after tax) net retained each year.

i love watching the liquid build up...

so you're not investing at all, you just have like several mil in your bank acct?

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quiet

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#28

08-11-2003, 01:29 AM

Originally posted by serious

so you're not investing you just have like several mil in your bank acct?

cash, land and real estate. my business is my main investment. it makes me returns i could never hope to achieve elsewhere... soon, my attention will turn to investments, but there is no reason at this time - i'm simply accumulating for future investment.

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#29

08-11-2003, 01:37 AM

Originally posted by quiet

cash, land and real estate. my business is my main investment. it makes me returns i could never hope to achieve elsewhere... soon, my attention will turn to investments, but there is no reason at this time - i'm simply accumulating for future investment.

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#30

08-11-2003, 02:26 AM

summer time = spend all of it. Wintertime (top sales figures) = about 1/10th spent

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#31

08-11-2003, 02:28 AM

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#32

08-11-2003, 02:32 AM

<10% here. I remember being poor, still feel guilty spending money.

oh and plus my biggest fear is having to work for 'the man'...
saving gives piece of mind.

Last edited by sacX; 08-11-2003, 02:39 AM.

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#33

08-11-2003, 02:39 AM

30-40% - the rest gets banked

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#34

08-11-2003, 02:47 AM

save/invest $200k
return on investment approx 10% =20k
plus 50k spending money from the original $250k
=70k

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#35

08-11-2003, 02:51 AM

I'm guessing most of you people don't have kids.

I don't live extravigantly at all. My car is 3 years old, and just a nice SUV, nothing special.

The house is very nice but not a mansion.

I have a couple toys, but nothing wildly expensive.

My mortgage is 3K, health insurance 1100 a month, groceries you wouldn't fucking believe it. My daughters college tuition is 14K (cheap by todays standards) and 2 more kids in school.

By the time the month goes by, its easy to blow by 20K without even realizing it.

I'm lucky most years just to be able to fund my 401K to the maximum, 26K or whaetver it was last year, I forgot.

What lifestyle? On the other hand, when I was 24 (24 years ago) I was making 150K, a wildly obscene amount of money at the time for a single guy. I would say I managed to spend about 110% of my income back then, worldwide trips, girlfriends, aircraft charter, parties, etc.

So it all depends on age. When I was young I blew all of it; when I got 30 I started investing and saving, around 10% per year.

Those years when I spent 110% - I have no regrets.

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#36

08-11-2003, 02:55 AM

Since I'm a pessimist, I've always spent everything, plus. Red ink city for me! Investments are for those wearing rosy-tinted glasses that actually believe there's a future in these end times. My motto is:

"Go for broke, die in debt and let the fools try to collect".

(But that's really only because I failed to die young and leave a good-looking corpse, which was a much earlier motto of mine.)

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#37

08-11-2003, 03:04 AM

i can see many webmasters having problems to save money. The cost of living in many countries has dramatically increased the last years.
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#38

08-11-2003, 03:33 AM

I use about 30-40% and the rest is banked and put in real estate (one object being a holiday house, so I can enjoy my investment immediately ;-)

However, I am at a level where I say I can live comfortably (but not extravagant). If my company would make an extra $50k, or $50k less, I would not change my own salary.

I think I would start to make changes to this lifestyle if I start to use more than 80% of what I make.

And if my earnings increase so much that this lifestyle is less than 10% of what I make I might get myself some new toys ;-)
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#39

08-11-2003, 04:10 AM

If I have nothing to save for or pay off I spend all my money. I find the more you make the more you seem to spend on stupid things.......
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#40

08-11-2003, 04:18 AM

Been making more and more every month and with that been spending more and more. Luckily in the past few months I have purchased some real estate and started to get some of my priorities in line.

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#41

08-11-2003, 04:48 AM

Originally posted by sweetcuties
Interesting thread... Well, I'm under 500k a yr and my mthly expenses are $6,200. I've got a house car and a few toys but I plan on saving alot more.

If you're making 250k per yr, that's around 20k per mth. You should be able to bank at least 6k per mth after expenses.

If you can't bank more than 6k/mo after tax money, then you are doing something seriously wrong.
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#42

08-11-2003, 05:40 AM

I make 100 dolla a month and spend it on mcdonalds

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#43

08-11-2003, 05:46 AM

Sheesh, look at all these wise opinions, but in all honesty, ya have to get a little stupid with the money, and then get real because this income is short term for many, and cannot sustain ones lifestyle for the rest of your life.
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#44

08-11-2003, 11:17 AM

Originally posted by quiet
as a baseline, let's say you're making 250K/year (after taxes). what percentage of your after tax earnings do you think is appropriate to spend on your lifestyle?

i had a very interesting talk yesterday with someone from gfy, and was blown away by his thoughts on savings/investment vs spending... lets' hear it

I am not sure how to answer the "appropriate" question...but I spend somewhere between 2-3 % of my annual, after tax, income on my personal needs...but then again I really do not have a "life style".

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#45

08-11-2003, 11:22 AM

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#46

08-11-2003, 11:30 AM

I think it's hard to answer a question like that, without seeing the whole situation. It depends on the cost of living where you live, property values, social security system for retirement, how old you are, how much you have saved already.

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#47

08-11-2003, 11:32 AM

very little, try to save as much as possible. I just got a new laptop have a nice car, renting a house for the year . . . not much else I really need. Might get a bike though .
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#48

08-11-2003, 11:34 AM

'It's what you spend baby, not how much you maaaaake.'

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#49

08-11-2003, 11:38 AM

Originally posted by quiet

after taxes (and obviously after expenses) on 250K a year or 20K/month - that's 14K month spending money, assuming you bank 6K/month (like you said).

i'm curious if this sounds reasonable to most people making their revenue via the adult internet...

I would be clueless as to what to do with 14k monthly spending money. I'd either need to find some new friends with a good income or talk my friends into taking more time off work.

A couple months of 14k monthly spending money wouldn't be hard, but much more than a couple months and I'd be lost. I live pretty simple, only costly thing I'm really interested in is traveling.

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#50

08-11-2003, 11:46 AM

seems like the more I make, the more I spend ... bought a nice car thought that's it I will not need a better one, year passed, then I made more money and I want to trade in for a better one which is 30K more... after that will be saving for investement...
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