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$300,000 per year - Could you survive?  email this discussion to a friend?

myLot reputation of 94/100. zoey7879 (2311)   ranked 22 out of 3,063 in earning money 3 years ago

I just read an article from the online Washington Post about a woman who claims she is squeaking by on $300,000 per year. Her job as a vice president for Mastercard pays her $150k per year plus bonus. Her property tax is approximately $30k per year. She receives $75k per year child support from her husband, receives a yearly bonus from Mastercard (and complaining because it's smaller this year), and she has personal investments that could bring her an additional $50k this year to "pick up the slack". The article states that a vegetable drink in her neighborhood costs nearly $8.00 per drink.

She cited that her standard of living was set with being a married woman in mind, but however, she's now divorced and having to pull the weight of the bills alone. Does anyone else find this woman absurd for being upset? I mean, $300k is a good sum of money. She's paying $40k a year for a nanny - doesn't it make more sense to just hire an hourly babysitter for a couple hundred bucks a month and do the cleaning herself?
$300k a year is 6 times the average median income of where I live. I do realize that the cost of living is much more expensive in the metropolitan areas, but I just feel that there is something seriously wrong if someone is calling one quarter of a million dollars "just squeaking by"! I think about all of the medical needs of people, the hungry, and the lower income brackets in general and this woman just makes me sick. Thousands if not millions of people live on less than $25k per year supporting even larger families and don't complain.

The nerve of some people! :(

 

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MysticTomatoes (895) response was accepted on 8/18/2009.
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tags:  money, budgeting, 300k dollars, achievement, ambition
 
1. moribus2 (70)   ranked 1,398 out of 3,063 in earning money   3 years ago

The where I live one could buy 2 or 3 mountains with that much sum. Thats 144cr Indian rupees, which is the annual income of many small countries in Africa etc. What we must understand, that man has an inert desire to excel and flourish no matter what. Every achievement seems insignificant against the proposed goal. Maybe the lady nurtures the ambition of becoming Bill Gates. LOL.


myLot reputation of 86/100. prashanthalva (1066)  3 years ago

I Do Agree With you .. This Lady Is One Hell Of A Woman .. If A Few Thousand Rupees is Not enough For A Comfortable Survival We Can Understand .. But the Amount Adds Up to Hundreds Of Thousand Rupees .. Bless Me With Such Money .. Is this A Dream .. Am wondering ..



moribus2 (70)   ranked 1,398 out of 3,063 in earning money  3 years ago

geez very true, I was weeping that no one agreed with me. She is dearly insane. God bless her soul, lol

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2. myLot reputation of 89/100. khayshenz (1186)   ranked 1,266 out of 3,063 in earning money   3 years ago

Unfortunately - it's true. Some spoiled rich people, they don't know what it's like to not have much or not have anything at all. They've never gone through financial hardship, so they don't know how they'll survive when they have less money to go around.

HECK! I'm an engineer - and I'm still here trying to make extra cash! And no - I don't see that kind of money annually. Heck - I'll be happy if I make just half of that!!

Such is life though. I think it's good for her that she lost so much money - that's the only way she'll learn to get by with $300K a year! (That's A LOT of money!!)


myLot reputation of 94/100. zoey7879 (2311)   ranked 22 out of 3,063 in earning money  3 years ago

With ONLY 300k a year?!? Why I never..

LOL...

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3. myLot reputation of 96/100. patofgold23 (1648)   ranked 870 out of 3,063 in earning money   3 years ago

yea difinitely...


it's enough for me and the kids


myLot reputation of 94/100. zoey7879 (2311)   ranked 22 out of 3,063 in earning money  3 years ago

My dad managed to get about $200k from a property sale a few years ago and he still has well over $100k in the bank even after paying off the mortgage, taxes, and a settlement that was owed.

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4. myLot reputation of 88/100. momtrying2makeit (2772)   ranked 1,581 out of 3,063 in earning money   3 years ago

I would not be complaining but you know when you grow accoustomed to a certain amount of money to go down can hurt. I call it refigure your budget. If the money you once had is now gone because of whatever reason you must decide what is imporant and what is not. I guess for me if I had that kinda of money I would never really be complaing but some people to me are just too greedy. Take care and happy mylotting to you. happy


myLot reputation of 94/100. zoey7879 (2311)   ranked 22 out of 3,063 in earning money  3 years ago

I eek by on far, far loss than she does and my only real complaint is not being able to afford even a used vehicle and being able to get all of my needed prescriptions covered. Other than that, I'm quite content on not being wound up in the material world - No one's forcing her to live there, and she'd probably spend less each year on a commute and an hourly babysitter than she does on that damn nanny!

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5. myLot reputation of 86/100. caraj444 (784)   ranked 2,511 out of 3,063 in earning money   3 years ago

I agree i think its absolutly ridiculous but i think most people increase there standard of living as there income increases and this woman was obviously used to having probably twice that amount of money when she was with her husband so even though its hard to understand for those of us that survive on much much less its all what you get used to living with and its probably very hard to downsize and get used to living with less and learning how to cut corners to make the amount of money she now earns be enough to support her


myLot reputation of 94/100. zoey7879 (2311)   ranked 22 out of 3,063 in earning money  3 years ago

I'm sorry, but I was taught how to "cut corners" and budget in my high school economics class. You'd think that working for a credit company that she would understand the importance of this. Nannies aren't needed, a property where the tax is $30-$40k per year (My family paid $1k on 47 acres with a $60k house sitting on it, so I have to wonder about this home). I wonder why some people think that they are above everything. I think about how many hungry kids who's parents are struggling , how many medical needs go unmet each year in which that kind of money could take care of each year.


moribus2 (70)   ranked 1,398 out of 3,063 in earning money  3 years ago

Her it is lol, like if you live on Maggi Noodles, you cannot comedown to Top ramen. If you are useing 500$ Waterman Pens with $50 seafarers ink, cant you comedown to 2$ hero pens with 0.99 unbranded ink. Would your hand hurt a lot. As I said before countries with a hundred thousand population have a gross income of 150-200KL dollars. How the hell do you expect they live. Even the highest paid software professional's salary is less the 60k anually. How do you expect he lives?

If she finds so difficult to live, change and move on, go to shabbier quarter, fire the nanny, afterall what does a mother do. Does she feel nauseated to clean her own baby's goo? How the hell does her mother raised her up?


myLot reputation of 86/100. caraj444 (784)   ranked 2,511 out of 3,063 in earning money  3 years ago

as i said at the very beggining of my comment " i agree thats its ridiculous" and i as well work more than 40 hrs a week and dont make this much but its very easy to judge someone when your not in their shoes. Judge not lest thy be judged!

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6. myLot reputation of 99/100. 3SnuggleBunnies (8037)   ranked 190 out of 3,063 in earning money   3 years ago

To answer the title of my post. If we had $300k a yr, we'd be living VERY WELL!

You know some people haven't had a reality check in so long they have no idea what it's like to be literally just scraping by! No idea the humiliation of applying for any kind of assistance or going to a food pantry what that is like. People like that make me want to reach thru the screen and slap some sense into them.

There was a baseball player earlier this year who felt his millions were not enough to sustain his family. Oh BOOO HOOOO for him! Poor thing when the rest of the real world lives on much less.

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7. myLot reputation of 60/100. MysticTomatoes (895)   3 years ago

My heart bleeds peanut butter for this woman.

Seriously? She calls 300K a year hard to live on? My DH and I live on half of that a year PLUS we live in one of the states with one of the highest costs of living in the country. I don't have rental property or alimony coming my way. I actually have to WORK for my money as does my husband and I bet this hag walks around all day in Gucci shoes carrying D&G sunglasses that cost more than my first car and attends salons and tennis matches all day while some assistant she hired and pays maybe $15 an hour does all the REAL WORK.

Get over yourself lady.


myLot reputation of 94/100. zoey7879 (2311)   ranked 22 out of 3,063 in earning money  3 years ago

*Thumbs up*


myLot reputation of 60/100. MysticTomatoes (895)  3 years ago

Thanks for the BR. Much appreciated.

Stories like this always make me mad. Especially when I see sports stars and movie stars talking about how bad the economy has gotten and they've had to downsize. WTFE. Downsizing means not eating out at all or getting rid of one of your cars and taking more public transportation.

It does NOT mean getting rid of a 70 inch plasma and trading it in on a 65 inch plasma TV.

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8. myLot reputation of 79/100. wwkeen (167)   ranked 1,320 out of 3,063 in earning money   3 years ago

$300,000 per year definitely is more than enough for me and my family as well, with this money, i can be staying in a very comfortable environment in my country.

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9. myLot reputation of 92/100. glords (1466)   3 years ago

I doubt that she could do without a nanny. A nanny is much more then a babysitter. If she is a V.P. she probably has little or no time to raise her children... the job of raising the kids falls almost completely on the nanny. It would be cruel to take away the child's parental figure, especially right now, after a divorce.

However we get by on a lot less money then she has... and in my opinion, if you can't afford your lifestyle, its time to get a new lifestyle.

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10. myLot reputation of 92/100. mikeysmom (2057)   3 years ago

as someone who struggles financially, not for lack of working my butt off either, i feel she is delusional. if she would like to come here and live in my shoes for even one day i say bring it. in order for me to be here for my son before and after school and during summer breaks i work from home babysitting 32-40 hours per week, i am the bookkeeper for my husband's small businessand i work online part time doing surveys and product testing. so i work about 50 hours per week on top of taking care of the home and all that entails and driving my son to and from school and helping him with all his homework etc. not saying i deserve a pat on the back but if you saw what i make for doing all that in comparison to what she is raking in it is pitiful. do i complain? i just work harder and harder. sure i could work outside the home and make alot more money and have benefits and all but for me it is a personal preference of wanting to be the one to raise my own child and not a babysitter or a daycare worker who really does not care about him but just the paycheck. further more if i did work outside the home full time i would have to spend at least half of my paycheck on childcare and have no guarantee that he would be well taken care of anyway. but to complain about making that kind of money. i wish she were standing here in front of me right now. the nerve of some people is right!


myLot reputation of 94/100. zoey7879 (2311)   ranked 22 out of 3,063 in earning money  3 years ago

I kind of agree with the delusional part. When I was 18, I worked 30 hours a week at one job that paid hourly, and another 75-80 (7 days a week for the second job) at a family job. The family job didn't pay me squat, and it kept me away from home a LOT. So.. 30 @5.15 and then add about another $40 to that.. all I made. I still managed to make time to clean my own place and not hire someone to look after the house.. Not sure how a nanny is necessary. Generations before this woman did the single parent home making far less money and surviving on MUCH worse conditions. I'm so sick of people that take everything for granted because theyre too dumb to really realize what they've got. For her property taxes to be so high, could you imagine the type of home she has to be living in! I read another article here a while back about someone who made good money (not quite this good, but we're talking at least $75k a year) and had two cars boo effin hoo'ing because they were going to have to downgrade. It sucks, but thats life sometimes and I just don't get how people could be so damn bratty. Makes me think of that song "Common People"

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