What would you do if you earned $10,000 per month?

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  • AlayshaJ
    AlayshaJ Posts: 703 Member
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    Bigger house, live in nanny, school, savings, business.Oh and miscellaneous things that I need/want.
  • ironanimal
    ironanimal Posts: 5,922 Member
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    I would love to be one of these people that thinks $10,000 a month is no big deal. In my previous job I worked 50 hours a week some months and was lucky to end up with £900 ($1446) in my pocket after tax.
  • messymutt
    messymutt Posts: 24
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    I would love to be one of these people that thinks $10,000 a month is no big deal. In my previous job I worked 50 hours a week some months and was lucky to end up with £900 ($1446) in my pocket after tax.

    I'm right there with you.
  • HauteP1nk
    HauteP1nk Posts: 2,139 Member
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    Is that tax free?? LOL Well, $10k per month isn't really EXTREME but it would definitely keep me living comfortably that is for sure. I would be able to pay off debt a bit faster, save a lot more and travel frequently.
  • Koshkaxo
    Koshkaxo Posts: 332 Member
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    Its really not that much, all these people saying buy new cars, houses, pay off family debts, they would have to recieve this money for a super long time to keep debt free. If you are broke now then 10k seems like a hella lot, but when you start taking on all these bills you can quickly tie up that whole amount. I guess what Im saying is 10k is only a lot if you live well below your means, but people always want to max out their spending.
  • nsblue
    nsblue Posts: 331 Member
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    lol that what i made for the whole year last year...
  • ironanimal
    ironanimal Posts: 5,922 Member
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    Its really not that much, all these people saying buy new cars, houses, pay off family debts, they would have to recieve this money for a super long time to keep debt free. If you are broke now then 10k seems like a hella lot, but when you start taking on all these bills you can quickly tie up that whole amount. I guess what Im saying is 10k is only a lot if you live well below your means, but people always want to max out their spending.

    :noway:
  • coachblt
    coachblt Posts: 1,090
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    What would I do?

    1. Buy my daughter a cheap, used car.
    2. By my years back...retirement wise.
    3. Put more money in my 403b.
    4. Buy a small house.
    5. Purchase some new clothes...running shoes in particular.
    6. Plan a semi-vacation.

    That's about it. Nothing too fancy. I'm a simple man.
  • xYumzx
    xYumzx Posts: 953 Member
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    HAHA my parents make close to 8 grand a month and its impossible to survive out here lol
  • nomoreplaying
    nomoreplaying Posts: 36
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    Since I couldnt possibly use that much money each month, I'd be sure that animal shelters got, animal cruelty programs, and whatever else to do with homeless animals, got a big chunk each month. Not that people come second (but they do in this case) my next would be the food pantries each month. And I would hire someone "OPRA STYLE" to do my cooking for me to lose this darn weight. Then with whats left over after taking care of bills, I'd give to all those "cousins" that I never hear from.
  • mfp_junkie
    mfp_junkie Posts: 359
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    While it seems like a lot of money, $10K a month is a comfortable living, but I have yet to finance my own island or head off on 4 vacations a year. That's pretty much bang on my monthly income, but I'm 45, and have been working in my industry for 23 years, so I've put in my time.

    I also live in Toronto, where my 1,800 square foot house costs $600,000, and that's 20 miles from the downtown core. Put that house in the city and the price doubles.

    Where does $10K a month go? Taxes take a 1/3. Mortgage payments take 1/3 of what's left. Car payment, food for a family of three, heat, hydro, college fund, retirement fund, a little into savings, a regular donation to a few favourite charities. The rest I spend on coffee....
  • Koshkaxo
    Koshkaxo Posts: 332 Member
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    Its really not that much, all these people saying buy new cars, houses, pay off family debts, they would have to recieve this money for a super long time to keep debt free. If you are broke now then 10k seems like a hella lot, but when you start taking on all these bills you can quickly tie up that whole amount. I guess what Im saying is 10k is only a lot if you live well below your means, but people always want to max out their spending.

    :noway:

    I already explained my reasoning behind that statement haha :flowerforyou:
  • dlyeates
    dlyeates Posts: 875 Member
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    First pay off my mountain of student loans!!! That should take about a year.

    Then invest, invest, invest. and save save save

    Buy a house free and clear.

    Fund my children's college funds.

    Travel and play.

    In that order!!!
  • Justjoshin
    Justjoshin Posts: 999 Member
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    Pay my monthly bills.
  • ironanimal
    ironanimal Posts: 5,922 Member
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    Its really not that much, all these people saying buy new cars, houses, pay off family debts, they would have to recieve this money for a super long time to keep debt free. If you are broke now then 10k seems like a hella lot, but when you start taking on all these bills you can quickly tie up that whole amount. I guess what Im saying is 10k is only a lot if you live well below your means, but people always want to max out their spending.

    :noway:

    I already explained my reasoning behind that statement haha :flowerforyou:
    And I find that to be completely nonsensical because I survived on a little over £3000 for a year, paying for my own food and everything else. The only thing I didn't pay was for housing because my mother let me stay at home.

    Whatever. Go class divides, woop woop.
  • ninerbuff
    ninerbuff Posts: 48,704 Member
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    It depends on where you live too. Living in the Tri-Valley area of Northern CA, $10,000 a month is not consider a lot of money. That's where I reside now and that's enough to pay for a house (avg homes are in the $500k plus range) a couple of cars and basics with a little money left over.

    A.C.E. Certified Personal and Group FitnessTrainer
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    Been in fitness for 28+ years and have studied kinesiology and nutrition
  • IronmanPanda
    IronmanPanda Posts: 2,083 Member
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    I think it would really depend on your cost of living. If you made $10k a month while living in an area in the mid-west where the cost of living is relatively low it could definitely stretch.
  • robin52077
    robin52077 Posts: 4,383 Member
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    Cost of living here is LOW. I can survive on $1500 a month if I had to because I live very modestly. Luckily we have more than that so I SAVE everything above and beyond what I need because i believe there will be no social security by the time I am that old.

    But if I had 10K a month? I would SAVE 5K, every month, and live a tiny bit more freely than I do now, but I would not go crazy with it. I don't believe in car payments. Only drive what you can buy outright.
  • LorinaLynn
    LorinaLynn Posts: 13,247 Member
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    I'd move to a bigger home with more land. Which wouldn't take much considering my house is tiny and my yard is a postage stamp. I'd get a membership at a REAL gym and ditch Planet Fitness. :laugh: I'd have a data plan and smartphone, new computer and the fastest internet connection. I wouldn't exclusively shop the clearance racks, but I'm sure I'd still look for bargains. And I'd go on a real vacation once a year. And if I was making that much on my own, I'd twist my husband's arm (ha) to quit his job and go back to school for something he wants to do.
  • Dave198lbs
    Dave198lbs Posts: 8,810 Member
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