Jeremy
@jeremyct
i didn’t get a manual either, so i started writing one. money, life & crypto
6.4K Following 17.8K Followers
The MAX rent you should pay based on your income:
• $40k salary: $850
• $50k salary: $1,050
• $60k salary: $1,250
• $70k salary: $1,450
• $80k salary: $1,650
• $90k salary: $1,850
• $100k salary: $2,100
• $110k salary: $2,300
• $120k salary: $2,500
Paying more than this makes it really hard to save money, invest, or afford major life expenses.
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We’re 4 years into our mortgage and we’ve paid almost $100k so far.
but our balance has only gone down $30k so far.
The other $70,000 went to interest, taxes, and insurance.
So yeah owning a home costs a lot more than the price of the home.
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Every Sunday I go to Costco and look for people pulling up in $125,000 cars who stand in line for 22 minutes to return a $8.99 item.
I’ll ask them where they work and then go long the stock.
I’m up 271% this year.
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My auto insurance WENT UP 164% in one year.
From $1,212 to $3,105
No claims, no tickets.
74% due to regular insurance increases
90% ($1,000) due to “High Theft Vehicle”
I’m literally paying for our government’s failures on crime and auto theft.
BULLSHIIIIIIT!
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American couples in their 30's work to get jobs paying $70,000/yr.
Then they:
- Have $30,000 weddings
- Buy $35,000 cars
- Rent $3,000/mo apartments
- Pay $1,500/mo for daycare.
They blink, suddenly they’re 50 & making changes feels impossible.
This is the middle-class trap.
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i called to cancel my health insurance because i couldn’t keep affording it.
the rep asked why.
i said paying $500 a month for a plan with a $6k deductible doesn’t even feel like insurance anymore.
it just feels like paying monthly to still be financially ruined if something happens.
she didn’t really have a response.
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millennials are in their 30s with no savings, decent hairlines, and a tattooed wife they love dearly.
zoomers are 22 with crypto money, receding hairlines, and no idea how to talk to women
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knew a woman who ran a preschool from her house.
watched around 8–10 kids a day.
charged about $700 per kid monthly.
always fully booked with a waiting list.
made solid money without ever leaving home.
why aren’t more people doing this?
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saw someone say “don’t work an entry level job at 28 then.”
missing the entire point.
entry level jobs should still pay enough for someone to actually live.
if i still have to pay $6 to rent a 40 year old movie on amazon even with prime…
then just bring back blockbuster
at least the employees judging my life choices was free
my boomer uncle spent decades saving for retirement.
barely traveled.
packed lunches every day.
drove the same old car forever.
always said he’d enjoy life later.
he passed away with around $800k in the bank.
his kids split it and burned through most of it pretty fast.
crazy how some people spend their whole lives saving money they never really got to enjoy.
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CEO: “we’re like a family here.”
employee: “i need friday off for my daughter’s graduation.”
CEO: “we have deadlines.”
employee: “i requested this weeks ago.”
CEO: “the team is depending on you.”
employee: “my daughter is too.”
she went to the graduation anyway.
got written up on monday.
quit on tuesday.
same week the CEO posted about “work life balance” online and everyone applauded and liked it
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HOT TAKE: IF BUSINESSES ONLY HAVE TO PAY TAXES ON PROFIT, NOT REVENUE, THEN I SHOULD ONLY HAVE TO PAY TAXES AFTER I'VE PAID ALL MY BILLS AND RENT.
a friend of mine just got hit with a massive hospital bill.
3 nights in the hospital.
insured.
still owed almost $9k out of pocket.
he makes around $60k a year.
imagine one medical emergency wiping out months of your income.
getting sick shouldn’t feel like a financial death sentence.
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one of the realest conversations i ever had was with an older taxi driver late at night.
he said:
“i worked my whole life hoping my kids would have it easier than me. somehow they have it harder.”
then we just sat there in silence for the rest of the ride.
some things hit too hard to respond to.
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after 3 years unemployed, my friend finally got a job offer today.
all he did was politely ask if there was room for a slightly higher salary to match market pay.
they RESCINDED the entire offer.
job market is actually insane right now.
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i called to cancel my health insurance because i couldn’t keep affording it.
the rep asked why.
i said paying $500 a month for a plan with a $6k deductible doesn’t even feel like insurance anymore.
it just feels like paying monthly to still be financially ruined if something happens.
she didn’t really have a response.
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the average millennial has a net worth of around $127,000
the average boomer at the same age had the equivalent of $206,000
millennials were told they’d do better than their parents
the numbers say otherwise
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coworker saw my vacation photos and said “traveling alone must be lonely”
meanwhile i was in japan doing whatever i wanted, eating wherever i felt like, moving at my own pace.
honestly, i’ve felt lonelier at his wedding, sitting at a table full of people I’d never see again.
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your grandparents bought a house on one income.
now people with two incomes struggle to afford a studio apartment.
that’s not laziness.
something in the system changed.
