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To: TobagoJack who wrote (51105)6/19/2004 1:01:08 AM
From: Cogito Ergo Sum  Respond to of 74559
 
OK let me rephrase that ...
That's peanuts :o)

Seriously how can folks live that way ?

So bald guys that don't garden are better off it looks like ?



To: TobagoJack who wrote (51105)6/19/2004 1:29:41 AM
From: energyplay  Read Replies (3) | Respond to of 74559
 
Jay - minor revision to your numbers -

One car is paid for, or was bought used + 3,000

5000 gas at 2.50/gal is 2000 gallons. Times 20 mpg is 40k miles - way to high. Try about 12k miles per year.
So 3,000 for gas. + 2,000

Car insurance unless both cars are sports cars, or the male driver under 25, this will be closer to about 2,200.
older drivers, clean records help even more.
+ 800

Cable TV - that's $100 a month ! Drop sports pakage and porn channels. +300

Property Tax 6,000 is high for $450,000 house, 5,000 is closer. +1,000

***********************

total is about 6,200. About 2-3 k will go into a 401 (k) at work or an IRA.

With the mortgage interest and the property being deductible, taxes will be closer to 21,000. +6,700

*************

So now we have +12,900

With a few cut backs on nick nacks, employer paymne tof health insurance, etc. there sohould only be about 5-10 k unfunded. This can be covered by only 2% appreciation on the house, so what's your problem ?

***********You've got the California picture right for people in their 20s-30s who have just bought a house.

For quiet a few people, there is -
1) about 3-10 k transfer from parents each year, or

2)3-5 k gain on investments (usually capital gains)

3) Income earned in a third job (part time) or consulting - may 2-15 k

4) Employee bonuses or profit sharing at work - 1-8 k

5) Minor funds from resale of sports equipment, knik nacks, 'collectibles' etc. (ususally NOT high end equation of time items) maybe 0.5 to 2k



To: TobagoJack who wrote (51105)6/19/2004 4:19:39 AM
From: RealMuLan  Respond to of 74559
 
The median household income in the US is only around $42,000. About 8% of all US households have USD 100,000 or more income

seta.iastate.edu

>>USD 250 Internet connection<<

the regular price for Broadband connection in the US is at least $35/month (in big cities or in small cities during promotion period), it usually costs $50/month. So that would be $420-$600 a year. Although a local line sometimes could be cheaper, mine is about $200 a year. But the fix line is a prerequest for a DSL connection



To: TobagoJack who wrote (51105)6/19/2004 2:33:43 PM
From: Ramsey Su  Read Replies (2) | Respond to of 74559
 
Jay,

you forgot the kids.

Ramsey