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(Daily Mail)   Can't get by on a million dollars a year? Rich people problems   (dailymail.co.uk) divider line 118
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12722 clicks; posted to Main » on 13 Jul 2014 at 4:17 AM (24 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2014-07-13 01:44:52 AM  
I inherited a hotel in Cancun and I can sympathize. Tax rate in Mexico is even worse. Our nanny rates are more reasonable though. Not that I have kids.

/Used to be liberal, now I fully support the caste by proxy system our economic society has created.

//One more Haberno margarita please, Pablo.
 
2014-07-13 02:27:59 AM  
I notice she supports her mother, which is nice, but I'm wondering why she doesn't have her mother take care of her kid instead of hiring a nanny.

Private school is nice too, but if you're having that much of a problem with your finances maybe you should reconsider sending your daughter to a public school instead.

Maybe it's just me, but I'm having a hard time being sympathetic.
 
2014-07-13 03:04:29 AM  
I believe it was John Bender who said, "B-O-O, H-O-O."
 
2014-07-13 03:09:16 AM  
Cue the "it's not FAIR someone makes a lot of money" crowd.

Don't hate the player, hate the game that encourages dependency. A game that would rather see equality than exceptialism. Hate the hand you hold, because it holds you down.
 
2014-07-13 03:39:31 AM  

Bathia_Mapes: I notice she supports her mother, which is nice, but I'm wondering why she doesn't have her mother take care of her kid instead of hiring a nanny.

Private school is nice too, but if you're having that much of a problem with your finances maybe you should reconsider sending your daughter to a public school instead.

Maybe it's just me, but I'm having a hard time being sympathetic.


Actually some of the public schools in the wealthier neighborhoods of Manhattan are quite good.

Also, the house she's paying off is just an investment if she isn't living there.
Give up the apartment and commute like the rest of the world, especially considering her property tax is somehow 3 times as much as her mortgage.
She should see a lawyer if necessary to whittle down that property tax.

Everyone thinks their property tax rate is cast in stone.and it certainly isn't.

Fair market price of my house is over $200k, but it's assessed at $47k.
All you have to do is pitch a biatch pretty much every couple of years, and they take some off each time.

The mother though, might not live in the same place as the kid, but what does she mean by "support"?
Does mom keep up a residence as well?
 
2014-07-13 04:20:57 AM  

8 inches: Cue the "it's not FAIR someone makes a lot of money" crowd.


Yes. They're in the thread, and they can barely survive on $1m a year. A-bloo-bloo-bloo.
 
2014-07-13 04:24:58 AM  
You can do the math every way you like and there is still a good 300K left over (to maybe pay a hairdresser??)

But she hasn't figured in the therapy/rehab for her kid who is ignored every night while her mum goes out networking/partying

That will be the cruelest blow

/but there's always alcoholic cushions
 
2014-07-13 04:28:40 AM  

hamdinger: 8 inches: Cue the "it's not FAIR someone makes a lot of money" crowd.

Yes. They're in the thread, and they can barely survive on $1m a year. A-bloo-bloo-bloo.


I'm waiting for someone to come in and say that $1m is barely middle class in NYC.  'Cuz that always happens in threads like this.

/California, too!
 
2014-07-13 04:30:20 AM  
Lemme see, heah.

1,000,000.00

That's all my bills and debts and obligations, a decent car, a nice ranch home, (real estate is cheap here), furnishings and gear and clothes, medical and dental work needed and 70,000.00 to live on for ten years.  Kiss my entire ass, you frumpy cow.

/would be happy with small lottery prize.
 
2014-07-13 04:33:16 AM  
All I came to post is that I will not click mailonline.
 
2014-07-13 04:39:45 AM  
I'd settle for a fair paying job, an affordable rental, and cheaper living costs.

It's all a matter of perspective I suppose. I don't believe money to be the evil that has spoiled society, it's the apathy and disregard we hold for what's truly valuable vs what the mass illusion dictates.

Articles such as these aim to infuriate the majority of us into believing we should envy or despise this woman. If you are an individual who has come to realize the true priorities of life, you should ultimately feel pity for her.
 
2014-07-13 04:57:06 AM  
Money just brings problems.  I have enough problems being poor.
 
2014-07-13 05:05:34 AM  
The big question here is whether or not she supports increasing the minimum wage, and how much she pays her employees.

If she pays her employees $40k in NYC, and doesn't support the minimum wage increase, then she's an evil person.

If she pays her employees well, and does support the minimum wage increase, then why should we give a flying fark?
 
2014-07-13 05:07:23 AM  

Bathia_Mapes: I notice she supports her mother, which is nice, but I'm wondering why she doesn't have her mother take care of her kid instead of hiring a nanny.

Private school is nice too, but if you're having that much of a problem with your finances maybe you should reconsider sending your daughter to a public school instead.

Maybe it's just me, but I'm having a hard time being sympathetic.


I mean, yes, it's quite true that a million dollars a year isn't the do-nothing-again sum it used to be; but it's not entirely necessary to be sending your daughter to a $44,000/year private school and paying $60K annually for a nanny. OR living in an $8000/mo apartment in New York.

I mean, I could live nicely on what she pays just her nanny--AND pay off Aunt Sallie Mae, so what's this woman's issue?
 
2014-07-13 05:13:49 AM  
This just in - most people will spend whatever they make.  Most people will also perpetually associate with people who earn similar wages, skewing their perception of 'normal'.

I know people who make minimum wage (~14.5k) in the US who are just barely getting by.
I know people who make 40k who are barely getting by.
I know people who make 100k who are barely getting by.

Meanwhile, there are lots and lots of countries where a minimum wage job in the US would put you into the upper-middle class range of earners.  Those people probably can't fathom how 14.5k USD isn't enough.  And they'd laugh at the poor minimum wage guy trying to justify how it's not a lot of money after a long list of trivial expenses.

Ha!  You have a car!  And you are complaining about how much it costs?  I HAVE A BICYCLE and a bicycle only!
CELL PHONE BILL?  You have a smart phone with unlimited data!
Rent?  You live in an 800 sq. ft. apartment!  Why do you need so much space!

It's all relative.  Very few people are ever content to live beneath their means.  Regardless of what they make, they're always just 'scrapping by'.  When something goes wrong, they begrudgingly adjust their standard of living to a lower level.  That's true of the rich guy who has to sell his second beach house, or the poor guy who has to stop drinking Pepsi and drink water because water is free.
 
2014-07-13 05:17:59 AM  
Can't get by on a million dollars a year? Fine, I suggest we give it to someone else and watch them do really well on it instead.

The nanny only gets sixty to seventy grand a year and yet she manages to live somehow. Amazing.
 
2014-07-13 05:28:13 AM  
Some people were meant to be poor. Even when they get millions of dollars, they race back to the poor house.
 
2014-07-13 05:30:34 AM  
she's a job creator.
 
2014-07-13 05:31:00 AM  

8 inches: Cue the "it's not FAIR someone makes a lot of money" crowd.


*crickets*
 
2014-07-13 05:32:45 AM  

Lee Jackson Beauregard: 8 inches: Cue the "it's not FAIR someone makes a lot of money" crowd.

*crickets*


Only thing worse than the 99% morons are the 1%-ers.
 
2014-07-13 05:34:03 AM  

eventhelosers: Money just brings problems.  I have enough problems being poor.


you would have less problems if you were rich. i am very very rich, and i have no problems. my biggest problem today was weather to lounge by the pool, or in the garden. and then jeeves didnt put enough ice in my drink. i fired him. after the customary whipping of course.
 
2014-07-13 05:35:04 AM  
i think i saw a brown person near the gate. call 911
 
2014-07-13 05:39:26 AM  

some_beer_drinker: eventhelosers: Money just brings problems.  I have enough problems being poor.

you would have less problems if you were rich. i am very very rich, and i have no problems. my biggest problem today was weather to lounge by the pool, or in the garden. and then jeeves didnt put enough ice in my drink. i fired him. after the customary whipping of course.


You sound fat.
 
2014-07-13 05:41:27 AM  

some_beer_drinker: i think i saw a brown person near the gate. call 911


CODE BLACK
 
2014-07-13 05:42:29 AM  
I have a little bit of sympathy for her - she's made a lot of choices that mean that she's expected to have a certain lifestyle and, if she didn't have that lifestyle, she wouldn't be as professionally successful.

As a result she has a lot of expense that she can't claim off her taxes (because they're lifestyle) but she can't take a step back and decide that no, she wants to bank it all instead.

However the question is - is she better off doing what she's doing now, than if she were somewhere else, earning $200k in Texas for instance?  I suspect the answer is still yes, so that's where my sympathy stops.
 
2014-07-13 05:56:16 AM  
Technically I could be making over 100k a year (being a rental property owner) I can have money one minute and broke the next. Thus being said I learn to live cheaply as possible. Rent can't go up; so I am stuck with 1990s rent prices and 2014 economy problems. Gas went up and every day building supplies. Suck it up buttercup because if you can't survive on a million you are obviously a fruit basket when it comes to your money.

Standard of living? No such thing; you manage your finances; if you are broke then you farked up somewhere. Private school for kids? well its a luxury - Apartment and a house? Well guess what - if its to much you sell one or the other. The article does a typical piss poor job, she seems to have well over 350k left over per year, my guess is she has a spending habit not listed. Nannies are $70,000 a year? LOL my guess is she thinks the little crotch fruit is worth more then a private school put together.
 
2014-07-13 06:05:07 AM  

Fark_Guy_Rob: This just in - most people will spend whatever they make.  Most people will also perpetually associate with people who earn similar wages, skewing their perception of 'normal'.

I know people who make minimum wage (~14.5k) in the US who are just barely getting by.
I know people who make 40k who are barely getting by.
I know people who make 100k who are barely getting by.

Meanwhile, there are lots and lots of countries where a minimum wage job in the US would put you into the upper-middle class range of earners.  Those people probably can't fathom how 14.5k USD isn't enough.  And they'd laugh at the poor minimum wage guy trying to justify how it's not a lot of money after a long list of trivial expenses.

Ha!  You have a car!  And you are complaining about how much it costs?  I HAVE A BICYCLE and a bicycle only!
CELL PHONE BILL?  You have a smart phone with unlimited data!
Rent?  You live in an 800 sq. ft. apartment!  Why do you need so much space!

It's all relative.  Very few people are ever content to live beneath their means.  Regardless of what they make, they're always just 'scrapping by'.  When something goes wrong, they begrudgingly adjust their standard of living to a lower level.  That's true of the rich guy who has to sell his second beach house, or the poor guy who has to stop drinking Pepsi and drink water because water is free.


True, but if you are expecting any sympathy for your 'struggles' from people who have less than you, then you are either incredibly stupid, or merely insane.
 
2014-07-13 06:18:51 AM  
I think she's out of her league and trying to fake social status she clearly cannot afford.
 
2014-07-13 06:24:32 AM  
Okay, you have a million dollar job, but it requires a million dollar lifestyle. You're balanced, although I personally believe in living at one class below your income. Nice to see she's paying $60k to the lower classes for nanny service.
 
2014-07-13 06:26:27 AM  
I can totally relate to this, since I'm trying to support a family of four (one still in utero) on a salary under $50K plus odd jobs here and there.  The math is very similar, just her numbers have more zeroes on the end.
 
2014-07-13 06:28:43 AM  
Expenses will almost always expand to the level of income you have.  Also, didn't rtfa but 1
Mil before taxes is probably half that after (fed, state, SSI and so on.).  I can certainly see where it could be hard to maintain an upper crust lifestyle in NYC.on 500k.
 
2014-07-13 06:32:16 AM  

Bathia_Mapes: I notice she supports her mother, which is nice, but I'm wondering why she doesn't have her mother take care of her kid instead of hiring a nanny.


Perhaps her mother is not able to take care of the child because of some kind of physical or mental disability.

Or possibly the grandmother is just unwilling. You shouldn't hold that against the mother.
 
2014-07-13 06:33:28 AM  

Gyrfalcon: Bathia_Mapes: I notice she supports her mother, which is nice, but I'm wondering why she doesn't have her mother take care of her kid instead of hiring a nanny.

Private school is nice too, but if you're having that much of a problem with your finances maybe you should reconsider sending your daughter to a public school instead.

Maybe it's just me, but I'm having a hard time being sympathetic.

I mean, yes, it's quite true that a million dollars a year isn't the do-nothing-again sum it used to be; but it's not entirely necessary to be sending your daughter to a $44,000/year private school and paying $60K annually for a nanny. OR living in an $8000/mo apartment in New York.

I mean, I could live nicely on what she pays just her nanny--AND pay off Aunt Sallie Mae, so what's this woman's issue?



Yeah, but to be fair, I don't think she's actually saying that she has a hard time getting by. She's pointing out that $1M/yr isn't the fark-you money people think it is. And she may feel (for good reason) that her income is somewhat precarious and she isn't saving/investing as much as she should be. I don't feel sorry for her, but I can understand that she doesn't feel as well off as she looks to the average farker. (And I could be mistaken, but I don't think she's asking anyone to feel sorry for her.)

/"supports her mother" can mean a lot of different things; some of them are legitimately quite expensive and could mean that grandmother-as-nanny is not feasible
 
2014-07-13 06:42:09 AM  
If you can't get by on a million a year you should do the universe a favor and kill yourself.
 
2014-07-13 06:44:26 AM  
It's almost as if this story was taken out of context from a much longer and wider-ranging interview.

And it's almost as if her point was more that a million dollars a year doesn't buy the financial security that people might think it does, because there are a lot of costs associated with where she has to live to work in her chosen field. And yes, if you're in the USA, you pretty much have to live in NYC to work in fashion at her level.

Come on. You guys know better than to take the Daily Fail at face value.
 
2014-07-13 06:47:28 AM  

Monkeyfark Ridiculous: Yeah, but to be fair, I don't think she's actually saying that she has a hard time getting by. She's pointing out that $1M/yr isn't the fark-you money people think it is. And she may feel (for good reason) that her income is somewhat precarious and she isn't saving/investing as much as she should be. I don't feel sorry for her, but I can understand that she doesn't feel as well off as she looks to the average farker. (And I could be mistaken, but I don't think she's asking anyone to feel sorry for her.)

/"supports her mother" can mean a lot of different things; some of them are legitimately quite expensive and could mean that grandmother-as-nanny is not feasible


There we go. You said what I was trying to say more succinctly and more clearly.
 
2014-07-13 06:48:30 AM  
So, lets figure this out, she's saying that HER million dollars in NYC is not as much as you might think given the high price to live there, and her kid's private school, and taking care of her mother, and whatever else she probably pays too much money for. If she was smart enough to make a million dollars, she should be smart enough to make another million, but will probably find more stuff to spend it on and expect us all to continue to show sympathy for her. Boo hoo, I have no sympathy. I survived in Silicon Valley for over a year making just barely over minimum wage-not easy at all, but I didn't whine about it, and eventually got a better job.
 
2014-07-13 06:50:39 AM  
So if a million a year is barely enough to get by, why all the acrimony about raising minimum wage?
 
2014-07-13 06:55:25 AM  

Krieghund: It's almost as if this story was taken out of context from a much longer and wider-ranging interview.

...

Come on. You guys know better than to take the Daily Fail at face value.


Oh this is absolutely an article designed to stir up the poors, no doubt about it.

but...

Krieghund: And it's almost as if her point was more that a million dollars a year doesn't buy the financial security that people might think it does, because there are a lot of costs associated with where she has to live to work in her chosen field. And yes, if you're in the USA, you pretty much have to live in NYC to work in fashion at her level.


yes there are a lot of cost o live there, but many of her costs she lists are completely her choice.

I know it's expensive to live there, but millions of people manage to live there for significantly less than a million a year.
 
2014-07-13 07:02:38 AM  
cloudfront.mediamatters.org

The millionaires are the real victims. Never forget.
 
2014-07-13 07:08:12 AM  
More like Hillary Clinton problems! Amirite!
 
2014-07-13 07:22:16 AM  
Why do people have children just to hand them off to a nanny? Seems like an un needed expense is you aren't going to raise and love them yourself. Don't have kids and get a better apartment.
 
2014-07-13 07:27:52 AM  

doyner: So if a million a year is barely enough to get by, why all the acrimony about raising minimum wage?


Because the people who can't get by on a million dollars a year think that minimum wage earners should be able to get by on a dollar a year.

Now, if I had a million dollars, not per year, just ever, that could be life-changing.

Take $150,000 and buy a house.  Around here, that's enough for a pretty dang decent family home.  4 bedroom, 2 bathroom, 2 car garage, decent little yard, in a good suburb.

Pay off all my debts.  Car loans on mine and my wife's cars.  Pay off credit cards, pay off student loans, some money I borrowed from a friend years ago.  That's maybe $30,000 tops between me and my wife.

Take $20,000 and set it aside, cash (or a mixture of cash and savings accounts), as an emergency/rainy day fund.

Take $10,000 and buy a lot of "I always wanted that/to do that" items.  First new computer in 5 years.  Some guns I always wanted.  Go on a Hawaiian vacation with my family.  Take a big road trip across the country and see Washington and New York.

Take $50,000 and buy a couple of new cars for me and my wife.  Nothing ridiculous, just newer versions of what we've already got.  A new Prius for her, a new Corolla for me.  With everything.  We've always had used cars, just brand new ones will mean a lot.

It's about 24 years until I can draw my state employee pension, and 25 years until I can draw my military pension.  Taking $240,000 and using it until I get my pension, that's enough to have about an extra $10,000 a year until I retire.  That's like an instant 25% pay raise.

Take $50,000 and my wife can finally go to college and not have to worry about doing it on student loans.

Take $50,000 and invest it as a college fund for our son.

Take $400,000 and invest it, and invest it well.  Talk to some professional advisers, get lots of advice.  No questionable advice, nothing dodgy.  Make some steady, long term investments in stocks, bonds, mutual funds, CD's ect.  When supplemented with  pensions, much more financial breathing room at retirement.

When your car is paid off, your house is paid off, and you don't have credit card or student loan debt, mine and my wife's jobs, plus $10k/year in cash, plus whatever the retirement investments produce, basically means that though I might not be able to quit my job and never work a day again in my life. . .it means we'd never have to worry about money again, ever.  Yeah, we'd have to work, but finances would be a lot less of a worry.  It also means that if by some nightmare either me or my wife lose our jobs, we're not broke and on the street.

Heck, when your rent and car payments and credit cards take up more than half your income, getting those out of the way (and replacing the rent with just the upkeep/property taxes on a house, since we already pay utilities that's not a change), just paying off the debts and buying a house goes a long way to transforming your everyday living.  A quarter million dollars could do an awful lot to just change things, much less a million.
 
2014-07-13 07:29:59 AM  
Based on your spending presented, you would be in jail for not paying taxes.
 
2014-07-13 07:30:37 AM  
On 60k I'm living a life that would make her weep.
 
2014-07-13 07:34:52 AM  
Cut back on the male prostitutes and blow, sister.
 
2014-07-13 07:34:58 AM  
Saving up for a dental check-up.  Winning.
 
2014-07-13 07:45:01 AM  

Munchkin City Coroner: All I came to post is that I will not click mailonline.


No one cares.
 
2014-07-13 07:55:52 AM  
The scary part of this is when the million dollars a year stops, but the expenses continue. Ask the 60 percent of professional athletes who declare bankruptcy within five years of retirement.

With a résumé that rests on the fragile foundation of "fashion consultant" and "reality TV star," this woman probably stays awake nights more than we realize.
 
2014-07-13 07:59:42 AM  
Wow. She really overpays her nanny. $60-70k per year to take care of one 12 year old? I hope it's a nanny/housekeeper.
 
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