What would you do if you earned $10,000 per month?
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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.
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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.
Totally off topic, but did anyone else notice how ridiculously hot Robin is?0 -
I'd do a lot0
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If you earned $10.000 a month then you'll probably we working 12-15hr days every day and having to be on call to work evenings and weekends too. Because you'll be a director or SVP and have heaps of responsibility. You may have little time for family, exercise and recreation beyond attending client dinners, networking and the other things a job at that level brings. Sure you'll be able to own a nice house, a nice car and take luxurious holidays, which you will need to compensate for the 46-48 weeks a year you'll be working.
You'll pay more tax, have more expensive outgoings and overheads and possible more stress and headaches.
Unless you are über-disciplined, you'll probably overeat and/or gain weight from lack of exercise.
Now, if we won the Lotto and that was our monthly income after tax and we didn't have to work, life would be sweet!
We probably wouldn't move, but definitely get that extension we want built.
I'd have a PT to whip my *kitten* into shape and get me to work on my strength training.
I'd have an endless swimming pool built at the bottom of the garden.
We'd travel more - go places we've always dreamed of and fly business-class and stay in 4**** hotels (and I know the ones I want to stay at )
Certainly we'd donate more to our chosen charities and I'd get to see dad more often.
But having said all that, I can't really complain about my life. To quote Paulo Nuttini, I have food in my belly and licence for my telly and nothing's gonna bring me down. I have my health, a loving husband, fantastic friends. Who could ask for anything more! :bigsmile:0 -
A horse.0
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Pay off my car and my husband's car, save up for a downpayment on a house or else build our dream home. (It's one of those tiny homes: only 450 sq ft and no mortgage.) Other than that? Probably save it for retirement. A small portion would go to things like new clothes, more Christmas presents, and semi-annual vacations, but nothing lavish.0
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I'd save like ****! Because pretty soon they'd realise that I wasn't worth what they were paying me and kick me out.0
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Pay off student loans.
Travel to each continent.
Buy a beach house(modest)
Have my dream kitchen and yard with pool.
Donate to charities regularly.0 -
I would live instead of surviving!0
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That is several times what I make each month, but I can pay my bills on what I have and that is good enough for now.
I imagine that I would put more away in savings, stop putting off necessary repairs on my house (cracked walls, leaky roof, no hot water to the shower, etc), and would make sure my son, who has some pretty major social and behavioral issues, gets the help he needs.
Those are things I can't afford to do now, but even though my house is falling apart and my son needs more help than I can get him, I do my best and just try to be grateful for what I do have.0 -
I'd hire an accountantsince the taxes on that would be insanely high. Lol also0
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as for saying 10k isnt a lot..
think where you live!
I live in Nassau county, long island new york, one of the most expensive counties in the country (and highest taxes).. i live near some of forbes top zip codes..
10k a month in middle of no where nebraska (no offense) is A LOT of money. 10k here is mostly average for a household.. 10k as an individual is awesome though! (whoohoo)0 -
I keep waiting for the other shoe to drop, like, "Sign up for my MLM scheme, and you'll be making.."
But seriously, I really couldn't afford such a drastic pay cut.0 -
as for saying 10k isnt a lot..
think where you live!
I live in Nassau county, long island new york, one of the most expensive counties in the country (and highest taxes).. i live near some of forbes top zip codes..
10k a month in middle of no where nebraska (no offense) is A LOT of money. 10k here is mostly average for a household.. 10k as an individual is awesome though! (whoohoo)
yeah--I was looking at manhattan apartments....yowsa...2k is nothing for a teeny shack.0 -
2k for a tiny nothing in a part of manhattan you wouldnt want to live in.. try 3k just for a nicer area for i dunno 500sqft?yeah--I was looking at manhattan apartments....yowsa...2k is nothing for a teeny shack.0
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the more you make the more you spend0
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Get my jaw wired shut
Seriously, I'd hire a PCA for my daughter who has Aspberger's Syndrome. I'd buy a new car to replace my junker. Pay off my house.
There are a lot of people that I know or have know to whom 10k could mean the world..for them, I'd share..wouldn't that be fun0 -
avec 10.000 par mois moi je macheterais un gym je deviendrais proprio jacheterais les machines comme sa jpourais pas dire que parce que je travail de nuit je peu pas mentrainer sa serait rendu sa mon job0
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the more you make the more you spend
I agree, and I am more than sure that many people on MFP saw this and thought "I could never survive on $10,000 per month! " Depends on your cost of living I guess.0 -
As others have already stated, I think $10k/month could be a lot or not much at all relative to your local cost of living. ($10k/month is decent in my line of work, but it's not exorbitant.)
But, if I can rephrase it a bit: What would I do with a LOT of money each month -- assuming it would be steady for the rest of my life?
Travel. I'd go all over the world.
Buy a small farm in Northern Cal or Southern Oregon and have some animals and a kick-*kitten* out-door grill where I'd have friends and family over for some great barbecues.
Get more education -- but stuff I WANT to learn rather than what I NEED to learn, like oil or water-color painting and wood-working.
I'd remodel a little house (or build one), and I'd have a killer garden.
(Hell, I might just do all that anyway...)0
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