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Posted by jIM on October 2, 2006, 5:02 am
> > >
> > > In my opinion, spending a full paycheck on shelter is totally out of
> > > whack. You should spend no more than 1/2 a paycheck, 1/3 is even
> > > better. In the situation above, one paycheck each month goes to
> > > a building, which leaves on one paycheck a month for living expenses,
> > > entertainment, and savings for the future. One of these ends up
> > > short changed, and the person is living in a high risk situation.
> > > An interruption in the pay check flow means the house goes away.
My Roth IRA was fully funded all those years, car was paid off prior to
moving in. Wife made 50% of my salary at the time.
> >
> > Aren't you jumping to conclusions? Nowhere does it say how often he got
> > paid, so you don't know for certain that he received only one other check
> > per month.
>
> Yes, I did jump to a conclusion. One has to. There isn't enough
> time and space on this page to say everything about one person's life,
> and I cannot force people to write all the details that one would
> like to have. So, knowing that most poeple in the US that get a
> regular paycheck get one every other week, or one a month, so when
> he said "one of his paychecks", I knew that there was at least 2,
> and I was willing to bet my on-line reputation that was exactly 2.
> Sometimes you have to be willing to risk it all when the odds are
> in your favor.
John was right and I do think bad he made that conclusion (even if it
were wrong). When I started with this company we were paid once per
month at the END of the month. That was tough first 6 weeks.
>
> > Additionally, you conveniently forgot that his wife also had a
> > job, so, even if he did, in fact, get paid twice monthly, there was other
> > income in the household.
>
> I don't put too much emphasis on a wife's income unless the poster
> writes that it is substantial. All too often, what I see is a
> woman who hardly turns a profit after paying for daycare, a car
> to drive to work, extra work clothes, and gas and insurance for that
> car. Then many women choose to take time off for children, or have
> child responsibility and have to leave work often to pick up sick
> kids from school. Again, if you have to count on that to make ends
> meet, then I suggest that you are playing the wrong game.
>
Between the two of us we make great money. My wife has much higher
earning potential in her field (Human Resources) than mine (software).
My salary has nearly doubled the 7 years I've worked in this job, but
I'm smart enough to see most of my wife friend's make 6 figures and
that will come to her in due time.
======================================= MODERATOR'S COMMENT:
Please trim the post to which you are responding. "Trim" means that except for
a FEW lines to add context, the previous post is deleted.
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