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

AuddAlise

I would find a house that would accomodate our family of six.

I would pay off all our bills. (which would take one month, maybe 2).

Then I would put half in savings every month and not touch it.

hollyeverhart

Two chicks at the same time....I figure if I made that much I could probably hook that up

HAHAHA awesome quote.

hollyeverhart

Yes, cost of living does have an affect.

I, the original poster, would live well off this money. I've also trained myself to live off of less.

For example, I do have a mortgage. Mine is $550 per month. Yes, five hundred fifty dollars. However, the trade off for such a small mortgage is a small house (700 sq. ft) in a somewhat ghetto neighborhood.

So, yes, for some of you $10K isn't a lot.

For others, like myself, it is.

For those of you say you could never live off of "such little" money. You need a reality check. Life will throw you curveballs.

I also suggest being grateful for what you have.

THIS^ I was thinking the same thing.

StarvingDiva

Pay off all my debt and have a baby.

kayemme

i'd save up enough to buy a parcel of land with cash, build an ecohouse and then quit my job.

Tourney3p0

This has probably been mentioned already, but 10k a month isn't going to get you a personal trainer, personal chef, or an island.

itsjustdawn

Finally buy a house.

RiverDancer68

I'd make it rain

:laugh:

JessicaMarie9382

I only can wish to make that much a month! But....I'm a dreamer for sure, so this will be fun!

*Pay off any and all debt for me and my parents!
*Buy a house!!
*Travel! I've always wanted to travel to Greece, Italy, Ireland, just to name a few!
*Help my sister have her dream wedding!
*Buy a new car!
*Put money away for my Godson's college.
*Charity

JessicaMarie9382

Ohh and also, get a personal trainer!

itsjustdawn

Finally take care of medical stuff I can't afford since I don't have insurance through my job (I am the only full-time employee so there's no group plan). I make very good money for what I do, but not nearly 10k/month. I'd probably get all of my dental work done, pay off my debt, get a house with a fenced in yard (only needing a 3/2, nothing fancy), find a good psychologist/psychiatrist so I can get my **** straight heh. I know very little about investing, but perhaps that might be something I'd look into. Call me boring, but I have priorities lol. I am perfectly happy with my car. I think the house and less debt would ease some of my stress (dealing with obnoxious apartment neighbors can be stressful, along with *kitten* real estate management companies). The dental work is long overdue. Needing a thyroid test too. *sigh* One can only dream!

polo18

More money...more problems. The more you make, the more you tend to "need". I make that amount, while I have piece of mind financially, my job is not 9-5. I'm not going to lie and say having no bills, owning a house and nice car outright is no fun. I can buy anything my heart desires and not think about it. It is great.

The pressure from my job can be very intense, and cause me to eat due to stress. I've been thin, and I'd take thin over money.

As many people say, be careful what you wish for. You can't put a price on health.

Rayman79

Loving the variety of responses on here, seems we have folks from a wide range of incomes from students to high earners. From that perspective I think I have to put myself in the high-earners category (my wife and I probably take home close to $10k net a month) but let me tell you the money still goes, somehow your standard of living just creeps up with every increase in earnings!

Don't get the impression I'm dome rich snob though, I've come from a relatively poor family, and never really had any money (think wearing home made clothes to school - and being the fat kid... not great ). So I have worked my *kitten* off to do better. I have put myself through two university degrees (still paying them off) and have worked my way up to a decent paying job.

What this allows me to do is live my life comfortably. We have a nice home (still with a big mortgage), cars that I dont have to worry about breaking down on me, and I will be able to send my kids to a good school and give them the advantages in their life I was not able to have - like a stable place to call home. It might sound corny, but this is one of my biggest drivers in life.

Are we comfortable, yes. Are we rich, unfortunately not. I do have moments of looking back on my college days though, with no working car, struggling to pay my rent etc - very different times, but still a whole lot of fun. The stresses are just different; then I had no money, now I have no free time :happy:

stacyemmynik

I'd move out of state, buy a new car, and finish college for the short term. Once I finished college I am not sure what I'd do.

jetscreaminagain

For all the folks expressing how hard it is to live on as little as $10,000 a month, I get that certain areas are quite expensive. I just hope that you remember that most of the people in your expensive place to live do not make as much money as you do. I wonder how they make it if you are "barely able to survive".

The US Median income declined to about $26K per year in 2011. Sure, one person. So $52K per year for a two-earner family. Half of what is "just getting by" for some.

Just something to think about.

jenbusick

Everyone keeps saying they would pay off bills. That's not how it works. Your bills would get bigger. That's all.

No, we actually paid off all our bills except the mortgage. And I replaced my car, so we have mortgage and car payment (nothing fancy; I bought a Saturn Outlook when Saturn was selling off its inventory; the spouse drives a Chevy pickup). We stayed in our (modest, 3/2) house (moving is a hassle, yanno?). We've put money away for retirement, which we never were able to do before. We've traveled, tho not "the world" -- we've been to Philadelphia, Disneyworld, Colonial Williamsburg, with the kids, and took a trip together without them; we've bought presents for each other on birthdays and Christmas, which was nice because for so many years we couldn't do that. We've bought FURNITURE, which is just such an awesome thing to be able to do! We bought a new MATTRESS! It's wonderful! And like someone else said, the things that would have been stressful and a struggle, like putting tires on the car or paying medical bills (both spouse and I ended up having surgery for the first time last year, boy was that fun!) are less so now.

It's not "buy a Porsche and fly first class to Jamaica," but we do have both retirement savings and discretionary income -- we can plan for and make large purchases, like furniture and tires -- and that's very nice indeed.

ninerbuff

For all the folks expressing how hard it is to live on as little as $10,000 a month, I get that certain areas are quite expensive. I just hope that you remember that most of the people in your expensive place to live do not make as much money as you do. I wonder how they make it if you are "barely able to survive".

Well if they live in the same area, they have the same cost of living which usually means the income is about the same. We don't live in BlackHawk in the Tri-Valley area because we wouldn't be able to afford it. Heck even San Ramon is a stretch.

The US Median income declined to about $26K per year in 2011. Sure, one person. So $52K per year for a two-earner family. Half of what is "just getting by" for some.

Just something to think about.

Okay so 52K a year, but if you lived in the mid western states, that's a lot compared to somewhere like the Bay Area in CA where that would put you in a medium-low to low income area.
I've lived where I had a hard time getting by (I did door to door sales on straight commission for 12 years) and my wife and I understand the value of money. Luckily we don't look at material items as what defines us as people so we live a bit easier than some of our neighbors.

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d3mon4ngel

So, $10k = approx £6.2k = £74k pa - Oh how I wish I could earn something even close to that - it would be AMAZING! :happy:

* I'd pay off my mortgage quicker and get my ex's name removed from it, so it would be mine all mine.
* I'd buy myself a Smart ForTwo, simply because I like them and I've wanted one for ages.
* I'd build the extension on the back of my house so I'd have a nice big kitchen.
* I'd max out my ISA allowance each year, and put more into my personal pension.
* I'd go on a really nice holiday at least once a year, because I've not had a real holiday for about 5 years.
* If I managed to save enough, I'd retire early and go enjoy my life! I don't wanna be hitting state pension age (which will currently be 68 for me) and still be working!

ETA: I've learned to live well within my means due to the lessons that life has thrown at me in the past. My current living expenses, including £450 mortgage, comes to around £950 a month. Another spare £5k on top of that? Yes please :laugh:

the_journeyman

SInce we currently live on less than half of that, we'd keep our current standard of living, and start banking it to build the house we've been wanting to build. Of course, we'd divert a little into a travel fund so we could take a cruise every summer or every other summer.

JM

StarvingDiva

For all the folks expressing how hard it is to live on as little as $10,000 a month, I get that certain areas are quite expensive. I just hope that you remember that most of the people in your expensive place to live do not make as much money as you do. I wonder how they make it if you are "barely able to survive".

The US Median income declined to about $26K per year in 2011. Sure, one person. So $52K per year for a two-earner family. Half of what is "just getting by" for some.

Just something to think about.

I live in New England so not exactly a low cost of living area. I was making a little over 2k a month before I got laid off in August. Right now I'm robbing Peter to pay Paul until something falls in my lap. I take in about 1700 a month on unemployment, and every month its a shuffle the cards to pay the bills and not get my car repossessed, not lose my house etc. Working my *kitten* to find another job. 10k a month would go far in my household.

warmachinejt

i've heard people in the army get around 15k bi-weekly

Bahet

i've heard people in the army get around 15k bi-weekly

Unless the person you heard that from was a very high ranking officer and that included benefits and housing, you heard wrong.

tinksmommy2006

I would fix my roof...buy my husband his dream truck, put a *kitten* ton of it into savings/school accounts for my kids...and then I would take the easy way out and buy my self a better body! then ya'll get mad and say that's taking the easy way out and you will never maintain if you don't do it first...and to you i say i have maintained a 50 lb loss with in a 5 pound range with hypothyroidism for 6 months now so i think i can manage ! lmao then new clothes, for us all, i am tired of walmart crap...lol and maybe a new car for me...then pretty much just save it all for when hubby decides to retire so we can travel...he would still work...he has adhd....he cant stop moving...lol

tinksmommy2006

i've heard people in the army get around 15k bi-weekly

Unless the person you heard that from was a very high ranking officer and that included benefits and housing, you heard wrong.

You herd WAY wrong...lol

bmmarti3

i've heard people in the army get around 15k bi-weekly

Yeah, his name is Rich Ellerson. It's Ken Niumatalolo in the Navy and Troy Calhoun in the Airforce... No one else makes anything close.

Those are the highest paid people in the military.

tinksmommy2006

For all the folks expressing how hard it is to live on as little as $10,000 a month, I get that certain areas are quite expensive. I just hope that you remember that most of the people in your expensive place to live do not make as much money as you do. I wonder how they make it if you are "barely able to survive".

The US Median income declined to about $26K per year in 2011. Sure, one person. So $52K per year for a two-earner family. Half of what is "just getting by" for some.

Just something to think about.

WOW 1700 on unemployment??!!??!!!!!! what I wouldn't give to see hubs bring that home when he is laid off....we have 3 kids and he only brings home just over 1000 a month on it
I live in New England so not exactly a low cost of living area. I was making a little over 2k a month before I got laid off in August. Right now I'm robbing Peter to pay Paul until something falls in my lap. I take in about 1700 a month on unemployment, and every month its a shuffle the cards to pay the bills and not get my car repossessed, not lose my house etc. Working my *kitten* to find another job. 10k a month would go far in my household.

ArroganceInStep

Depending on where you live, that kind of income gets torn through pretty quickly. My fiancee and I make over that and we aren't rolling in dough or anything.

lsan1125

I would start by paying off debt and have all bills up to date or somewhat prepaid. I would save everything I don't absolutely need to spend and then go on a much needed vacation.

briggsy13

We would keep living life as we are. Except my dh wouldn't have to work away from home like he does now. He could be local so we see him every day like we should. It would allow us the little extra to fix up our house the way we want that we don't have the extra for now. It wouldn't be living the high life but would certainly be a nice addition to our life!!

lsan1125

Two chicks at the same time....I figure if I made that much I could probably hook that up

gotta love Office Space!