The big problem is he is adding too many liabilities to his life, much too soon. Having a wife and kids is bad enough, but adding a dog on top of it is the icing on the cake. Fellas, it makes zero difference if your woman makes good money, she will spend all her money, and then a good chunk of yours. Remain single and do not have kids out of wedlock! The women will be there once you're ready to start a family. Best option for a young man in the tech field is this: 1. Get a full remote job 2. Relocated overseas to south America or SE asia for super low cost of living. 3. use the Foreign Income Exclusion to exclude over 100k of your income from taxes 4. Max your 401k 5. Max your HSA With this plan, you can effectively not pay income taxes on $140k of income, which means you're saving around another $30k in taxes. You're also saving a metric ton of money on living expenses. That's the beauty of being a man, wait until you're 35 with a million in assets. Then if you want a family, find a young traditional feminine woman to start a family with. One more big important thing! Do not bring her back to the United States! You do not want the culture and stupid American females putting dumb things in their ear!
Great content in your channel, Anton! I’m 53 and my wife and I reached $1M net worth in 2017, six years later it’s $2.4M. Our yearly salary is a little over $100K. We drive older cars, cook at home, eat leftovers, and have 2 in college. We saved for college and our boys help by working. They will graduate debt free.
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Currently making 6 figures and I'm able to stack up ONLY because I don't have kids and a wife. I notice that the main reason why I spend money has either to do with women or partying. Once I stopped that I was able to stack up a lot more and save.
I can relate to this issue. I make $116K annually. Single 3 grown children, I’m still paying off college tuition bills and other debt. Trying to pay off mortgage before I retire in 6 yrs. Car paid off. Maxing my 401K out with 25% of salary. I don’t eat out a lot don’t do a lot of shopping, and don’t have the latest tech gadgets. Yes I’m living pay check to paycheck!!! 6 figure income is not what it was in the 70s , 80s, 90s.
That's not adding up. If your bringing in 116k a year you should be rich. I bring home 68k a year...and I'm doing just fine. 2 Cars. Latest gadgets. I think you need to let your kids pay their student loans? Debt is the biggest killer. Kinda why I have only one card
The big problem is he is adding too many liabilities to his life, much too soon. Having a wife and kids is bad enough, but adding a dog on top of it is the icing on the cake. Best option for a young man in the tech field is this: 1. full remote job 2. Relocated overseas to south America or SE asia 3. use the Foreign Income Exclusion to exclude over 100k of your income from taxes 4. Max your 401k 5. Max your HSA With this plan, you can effectively not pay income taxes on $140k of income, which means you're saving around another $30k in taxes. That's the beauty of being a man, wait until you're 35 with a million in assets. Then if you want a family, find a young traditional feminine woman to start a family with.
@@analogueoverdigital929 lol I HOPE he isn't paying his KIDS debt. Maybe he's talking about a long standing student debt of his but yeah it's probably his children's. Please don't pay for your kid's debt what is wrong with you!
I don’t agree that he’s “not making enough.” He is clearly overspending. Turn that AC off and crack a window! Why do they need to spend thousands of dollars a year on babysitters, if the wife does not work?
I totally agree. The problem is not income. They have a spending problem like most Americans. I don’t care how much you make, your budget should include savings.
I'll say what no one else state for the record: having a family is a wonderful thing that everyone should experience. Coming home to people that love you is an amazing feeling. Here's the reality though: IT IS NOT CHEAP TO HAVE A FAMILY. Most folks are afraid to say this but its true. Kids get sick, or have expected emergencies. Your spouse or partner might get sick and that comes with its own share of problems as well. Something breaks down in the house that needs to be fixed, your car has issues, etc. If I had to start all over again, just based on my personal experience of having a family at the moment, I would get my money right first, then look to start a family. It's like building a house yeah? Lay a foundation, then build on top of that foundation. Trust me, its worth it!
Unless you are balling out of control you can never truly prepare for a family. You just don't want to be dead broke barley making it and having your first kid. Such as a lot of lower middle to working poor people tend to do.
That’s why I have one child. Making less or making more, my daughter lives really well. Having one child just requires you to spend a little just a little bit more. But I think when you have 2 and 3 kids, it get out of hand. It get easier as they get older too.
I’m starting to see a lot of discussions and people talk about how making $100k ain’t nothing but in reality what we need to be talking about is how $100k a year as a single individual with no wife and kids vs someone who makes $100k trying to take care of a wife,kids and has a bunch of debt. There is a difference and we need to be more direct when we talking about it because that discussion applies to a specific group of people and not all people that make $100k a year
Very accurate! I’m married with 3 kids and my wife stays home. I make 90k a year and we do fine! What irritates me is when my single friends with no kids who make the same as me or more are talking about their broke!
$100k is enough for the necessities. but people confuse needs for wants. we don't have a lot of needs. but wants. the list is endless. it's up to you to tame those wants. because as we've seen if you make $100k gross you're just taking home $72,000 net. that's just $6k a month. if your home is 30% of your take home pay you are down to just $4k a month and you really need to make it stretch.
@@peoplesrealestateandmore you pay less in taxes monthly and yearly. Already you are ahead, you are not spending to meet a significant other because you already have her. Yes, definitely more mouths to feed but if a single person does not have a business to help get tax breaks we technically spend more monthly without a lavish lifestyle. My married friends and I have this conversation all the time. They pay an average of $533 in federal, state, Medicaid, social security taxes and I pay $710 average
I went to the mall during the weekend and it was crazy packed..and one thing I noticed was most of the people looked like working class people …yet they were all buy tons of clothes, toys , crap ect….wealthy people are actually not big shoppers, they buy quality items but aren’t s just throwing their money away to consumerism
Nah I be in the "average" mall and the high-end mall....Everybody likes to shop. I go the high end mall and from the conversations I have or overhear, these people are C-suite, VPs and company owners. They love to be out shopping.
Wealthy people drop over 200k in shopping 😅 i know because i saw the accounts. The thing is you just won’t see some in the mall a lot because they have personal shoppers.
They need to teach finances in school. This was a great video. I could never see my spouse struggling like this to take care of. His wife need to get a job
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Indeed, that's accurate. I'm currently in my mid-50s. My wife and I were on a similar path until a couple of years ago when I decided to shift my investments to her wealth manager. While I haven't quite caught up to her accumulated profits over the years, I'm at least earning more now. I'm generating income even before retirement, and my retirement fund has experienced remarkable growth compared to what it would have with just the 401(k). It's quite amusing.
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Anton, I am a Brother living in Park City, UT which is the most expensive place you can live in Utah. He is spending way too much money. During COVID many people moved to Utah, so real estate prices have gone up. He needs to be cutting on the going out to eat, clothes, utilities with a NEST Thermostat, and do baby sitters every other week. People think because they are making over $100k they are affluent these days. If his wife is not working she needs to get a side hustle to help out. I didn't even hear that much money being saved for an emergency fund from all of his expenses.
Thank you! I said this the other day and dudes were tripping about it, saying I must have grown up rich (I did but that is irrelevant). I said if these redpillers want a return to tradition, wives in the home caring for lots of kids, they better stop telling women to settle for a guy making 60-70k a year. You need to be making at least 200k to be solid if you're gonna have multiple children.
@@angelmartin7310 agreed. The sad reality is for most men having a stay at home wife just isn’t feasible financially if you don’t want to be struggling.
@afrothundar I stay home with our 5 children and my husband just started making 185k by going into contracting himself and our mortgage is only 400. We still have to watch every penny, and as the kids get older they will cost more. The problem with women working is strangers raising the children. That's what school is. We homeschool.
It’s never about how much money you make… it’s all about how you spend it… I know people who make $65/yr and they are millionaires because they invested, not trying to keep up with the Joneses, etc…
This right here is a good example of why you should marry the right person not the beauty with no vision but has nothing to offer but headaches. You have to be a real visionary out there.
Putting disneyland in like that's a normal expense monthly is nonsense. Also, saying you live paycheck to paycheck after saving all that money in your 401k is also nonsense. This guy is doing ok maybe needs to do more saving and investing, but he is not doing bad by any means. Acting as if everyone needs to make 200k a year nowadays is ridiculous, especially when such a small percentage of the population in America makes that amount of money. It really depends on your habits, lifestyle, COL in your area, family size, and other factors. People survive and can actually do well on much, much less. It's how you manage your money that matters.
You notice it’s mainly people who make six figures making these videos about the “financial struggle” and not the people who are actually struggling…lol
This is my exact family salary. Very similar circumstances. After taxes a third of your income is gone before you even think about what you want to do with the rest. I spent 150 out to eat this weekend. We spent probably 500 on groceries the same day. I don't have child care expenses but I do have child support. I couldn't imagine bringing home 20/hr. I know kids who make 20/hr and the parents are making the same thing. It makes me sick to see people settle for the low hanging fruit. Gotta be hungry and you gotta stay hungry. If you stay focused anyone can make 100k in 2-3 years. Love the content Anton 💪😎. Oh yeah, I'm in Columbus Ohio.
Best advice. Dont go in debt. Save for what you want. If you want to take a $10,000 vacay- save for it. If you need new furniture, save. New car, save for a large down pmt. Need new bathroom, save.
Making $100K is still a great deal of money and many families can live well on that. They can buy a house and save money for retirement, etc. THE PROBLEM is lifestyle inflation. THE PROBLEM is debt. THE PROBLEM is helping out family members that see you “shining” and want you to help them out.
@@katkat5871 But most people don't make 100K in NY or LA either so it def doesn't negate his point! Making 6 figures is still a LOT of money as it's far above average.
You shouldn’t spend no more than 35% on housing, 15% on debt, 25% on living,10% savings, 15% on Transportation…… No need to join Patron do the work yourself. Stay disciplined and cut where you can cut while working on your career and skills.
After he goes over the food expenses I’m wondering if that’s why his wife didn’t want him to expose the way the money is spent bc it sounds like she’s not cooking at all🧑🍳 😅
@@TCTALKSTCFITNESS curious...you live in NYC? What would you say is a minimum to actually live? Have a life outside of work, go home and eat sandwiches every night?
Its all relative in my opinion...I make 120k single living in KS suburbs, 1M net worth, paid for house, car and truck no debt. Max out Roth IRA and 401K every year...Im alright on 120K!
He’s drastically over spending. I calculated around 1783.00 a month that he spends on recreation and what scares me is that he does not have any outside investments from his 401k and house. He woke deoendant on his job for income and he didn’t mention if his wife works. 800 plus on groceries showcases the woman he’s made his wife is not prudent she should be storing food canning and cooking meals for the family monthly. They should have at least 1 year of food in the home if she’s not working. Downsize and reset. I make 55,000 a year and own property 401k stocks crypto silver gold and I don’t see a grocery store more than once a month. Americans over spend and this is normal for college kids who learned nothing but a trade and have no clue about money.
Bro you just spurred out a bunch of nonsense. Trying to throw shots at his wife lol for what? His only overexpense was the going out to eat….This “manosphere” “red pill” space has you fellas minds WARPED. Clearly zero inclination on how finances work , definitely zero inclination on how women , dating , and marriage works
@@ATHTSupply people do it all the time on around or less than $100,000, between the two of them. He may need to relocate or something, but their salaries should be enough to do okay.
I been saying this for years. .. That's why I shake my head and laugh when I hear woman say,,, he got to make six figures. I know off rip they don't make that, because they would know that ain't jack. The difference between make 60k and 120k is only $1500 a month after the tax man get you.
But that 1500 makes a difference in quality of life. Women asking for 6 figs means "can't go lower than that" ...anything lower is next level struggling. Women are literally asking for bare min! Women grace men so much when it comes to income, yet the 6 figure rant is categorized as "gold digging "... when its really not!
Anton stop bragging so D much we know u got it try uplifting ppl more we honestly don’t care about the 10 grand Disney trip or the 400$ u spent out to eat like what did y’all eat a horse or a cow ? But what I do care about is how open the guy was and letting us know we’re not alone were all in this thing called LIFE TOGATHER ❤. But everything can be taking away in a blink of a eye don’t forget that !! Yal stay prayed up and blessed , The Most High brings me hope 💕✌🏾
In New York, as high as the rent, mortgage, and taxes are, you can make it on 120k. My late aunt taught me how to save, invest my money, and shop for food, clothing, and products on sale. She never pay any thing at its regular price. She made $75.000 per year. Left two life insurance policies behind, an annuity and 401k and a saving behind. Oh yeah She traveled 5 star around the world. It can be done with great planning. She worked for Equitable Financial Services on 56th and 6th Avenue in Manhattan. 😎
In what year was that? It does not sound that this was recent. Rent was pretty low in NYC in the early 2000s but now, even the bad neighborhoods cost of rent is super high. 120K is not enough for a family of 4 in NYC. Was your aunt single or married. You didn’t mentioned if she has a family.
You can survive on 120 nobody is saying you can’t survive on 6 figures what he explaining is that 6 figures is not what it was nor what you think it is. It’s not a rich or upper class life style especially if you have a family. When you get to around 200 k ish then it’s a bit more comfortable
That grocery bill is high and needs to stop eating out. People got this thing of eating out all the time. Families in the 70s and 80s ate out like every 2 to 3 months.
I personally think everybody should be taxed the same percentage no matter how much money u make. If it’s 15% for someone else, it should be 15% for me too
Even if you make Six figures. You gotta live a conservative life. Me and the wife have 4 kids, she stays at home with the kids because child care would be THROUGH THE ROOF for our small kids (4,3 and 1) we eat out MAYBE 3-4 times month....we try to cook every day.....I know families that eat out 3 times a day. We don't buy big ticket items.....We do a great job of steering away from the big ticket items like new flat screens, new tablets, new laptops, new phones that drop every six months etc etc. We don't have any car payments. We paid off our van during the pandemic (we saved so much money during that time) and I paid cash for my SUV about a year ago. I also work remotely and don't have to go into the office only but once or twice a week. So that saves on gas.
when people say six figures it's typically $100- $150k a year. the people making $250k a year if not more on a family of 4 typically wouldn't be making videos like this unless they really splurging on all sorts of stuff. you making $500k a year or more.. then you can live like this guy
@@joeswanson733 you're correct. I'm in business to business sales, so to your point, there's some years where I'm making multiple 6 figures and there are some years I'm making like you mentioned the lower end of 6 figure. All in all, we're a conservative family. I think the people that make Six figures and are struggling are the people that want to splurge on nice things all the time, eat at pricey restaurants all the time, take 4-5 pricey trips/year, high care payments, high rent/mortgage etc etc.
@@ericthomas7885 people just don't like counting pennies (just watching your flows carefully) people keep saying living life.. well who here wants to work til they croak. raise their hands.
@@joeswanson733 I get that. And again I'm not saying a person shouldn't go out and enjoy the fruits of their labor, but I knew folks who don't make anywhere near what I make and they have more expensive car than me, their apartment cost more than my house mortgage. Etc etc. I'm like "wow..... y'all trippin" lol
@@ericthomas7885 I guess it's just too easy to get Carried away....and someone told me once you got a taste of the good life... there's no turning back
Anton is correct. If you make your wife a stay at home wife, it is difficult to later convince them to drop that lifestyle and go back into the workforce!😄
@@erickn7985 Actually if they are truly doing their job, they are out of the home quite a bit. They are truly working but in the interest of the family, not corp america.
I was a SAHM for 10 years. Kids got older I got restless and bored. Plus with all that’s going on around us made me want to be more proactive. I put out word to old coworkers who I’m still friends with to let them know I’m thinking about rejoining the work forced. Well a few months ago I got a text from a friend. Put in my resume and landed the job working from home with a pretty good pay too. Even though we’re now a 2 income family we’re still living off just 1 income. We were living that way for a decade comfortably why change it now.
@@tippytoe1250 That is also our plan. I make more than enough, but once she goes back to work we're going to put her entire income into retirement savings and just continue to live off what I make. We treat our income as one and I never make her feel "my money" or "her money" but is always our money.
I’m living great with 80k a month, I still wear clothes and shoes from 2010, I used to be wasteful, after I became financially educated, my budget is spotless, I calculate before I spend or buy anything, and will not go over for nothing, I live all the way outside of the city, mortgage is 1600 a month for a 5 bedroom House with a family of 4.
It’s definitely possible for a family of 4 to live on 100,000 per year but clearly it depends on the lifestyle they live. After all their needs are met, they won’t have a lot of money for all their wants and “nice to haves”. (Vacations, Disney, eating out etc). We make around 200k per year. We have 2 kids. We do “splurge” on trips. (But we also save and invest a lot). However, if we were down to one income we could definitely live, but we would have to cut out all the unnecessary splurges, which would be fine, because even though we make good money, we still keep our expenses low. Paid off car, affordable mortgage (not even $2000), I cook everyday. I get teased because I don’t have an iPhone 14 😂. It’s not always how much you make, but what your priorities are.
The government doesn’t consider $130k a year to be middle class. They “think” you’re rich and should pay crazy taxes. The man in question has a wife who should be working. I’d be very comfortable on $130k but I don’t have kids.
I completely disagree with Anton (1:30). People can live off of 57-67 thousands a years. I live in Maryland/B-County (one of the wealthiest States in the Union) and raised two young ladies as a single dad for the last 12yrs. I live in a gated community, I lease a 3 bedroom Condo, own 3 cars which 2 of them my daughters use. I'm from Generation X. The baby boomers (Our parents) learned how to do more with less and live comfortably within their means! Meaning they were very resourceful something that is foreign to most millennials today. There is an old TV series called BIG SPENDER that showed people how to live comfortably within their means. A lost art among today's youth.
Ok let me add a little context bc I follow the guy. He used to work 2 remote jobs where he was making $300,000+ a year - he did that for a little while. During that time, he paid off his cars and I’m sure saved a SHIT ton of money. He also didn’t mention his TH-cam income. I don’t think he’s doing bad financially, I think his habits working the 2 remote jobs carried over to when he continued to just work the one and him evaluating his August statement is the start of him adjusting to the singular income.
@@krissy35 he was jus stating the facts in detail. There was no embellishment or arrogance so I didn’t get bragging at all. Besides at the end he was in the negative so definitely not bragging imo
Can we all just admit that 100k isnt a lot of money for a family of 4 these days? Sure, he can do better. But what is he doing that is so outrageous? He wants to enjoy life and eat out with his family.
The people who make less than that, will shame you and say it's enough. But yes in reality $100K for a full family to live a decent average life is not that much money. These poor people who make pennies want you to live off rice and beans, have no house, no car, no pet, no food, just so they can say they're better a managing money than you.
@@The-Based it depends. yes if you spend every $ on just bills, then you're a high income poor person. But if you save 25% of the same income into retirement or an investment, but still paycheck to paycheck. That's not poor. That's why I think Net Worth is a better measurement of someone's wealth, not just income.
@Nina the Pit bully babe same family of 6 and I live in nj an still have money left over from my weekly pay checks and as of now I am the only one working
I know people that make 60k and save ..if one is loving check to check on Six figs it’s on them …American culture is taught to spend and consume not become financially literal
Ways to save money. 1) Cut the cable. Use Amazon firestick and streamline movies and tv shows. 2) Learn to cook at home. Eat out maybe once a month. 3) Switch your Verizon phone to another phone company. There are other phone companies that have cheaper plans than Verizon that pay only $30 a month. Just as good as Verizon, just cheaper and you can use your same phone. 4) Hot summer days, leave AC on at 73 and 75 all summer long 24/7. My bill comes out between $220 to $275 a month the whole summer. Best of luck.
Only if a good amount of folks do what you teach, just imagine how many millionaires we already have or will have in the future. Not the sad statistics where at least 50% of people are living paycheck to paycheck, even for high income earners. Great contents as always!
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I'm blessed. $130k in North MS and I been BALLIN😂 Life was a struggle early so I had to get that "jank" off. I'm all about wealth now. And yea, BumQyisha screwed me too. Bout got that paid off. If God keeps me 15 more years in this lane I'll be 60 and ready to fish, hunt, travel and grab my wife's butt all day. No, she doesn't work. All praise to my King, Jesus.
I make low 6figures and this is spot on I'm married been gainfully employed for 20yrsat the same place and bro it's difficult. Ex military as well, financial literacy was not on the menu growing up where I'm from, I'm from the neighborhood so that's just how it goes. I'm in my early 50's this guy looks young AF, in my field electric line work you can make 6figures easy, but you are going to have to work! Just wish I had a clue earlier.....
Careful now sharing that you make 6 figures. These poor people in the comments who make $25K a year will try to shame you saying you're bad with money.
It’s simply because they are over estimating their lifestyle - 100k doesn’t make you rich after tax, in the UK it’s around 50% tax, hence why you need more income - your take home pay is your real earnings
That’s why I tell people is not about how much money you make is all about how much money you keep and be financially educated to make that money grow. I’m grateful of what I make but never satisfied. 🙏 📚
I will break it down 1- This dude has no idea what he is doing even though he is smart, young and makes good money-! 2- His wife is just a 3rd child he has to take care of rather than a PARTNER-! Sounds like she is a beauty who assumed pop 2 kids and let him take care of me 3- Get rid of the dog-! cant feed his "3" kids but has a dog? 4- Stop eating out and wife better find a way to put kids to bed so their dates can be in the back yard 5- Tell wife to also get a remote job and they can switch the children when one clocks in and clocks out 6- Downgrade house 7- Take some financial courses and take his wife with him. Problem solved. He should be saving money
He never stops bragging (Anton). People can live in a smaller house, which may need some sweat equity, people can buy in bulk at Costco, you can cut that expensive telephone Bill in half. There are new and much better and cheaper telemedicine from (real doctors who don’t believe in the jab) Inflation is crazy, when you get that additional income, continue living on the 47k, most importantly God has stored for his righteous a wealth transfer (look at silver, gold, land and certain Cyrpto currency) Don’t let braggart millionaires make you think you are losing.
Most millionaire aren’t flashy and don’t feel the need to brag. They just go about their life blending in . And teachers are one of top professions of millionaires and most don’t make 100k. It’s not how much you make, it’s how much you keep.
@michaelatwood5428 said "most importantly God has stored for his righteous a wealth transfer" I hope you do not think this is christian. This is more like "word of faith" nonsense Compare that statement to Collossians 3:1-2 1Therefore, since you have been raised with Christ, strive for the things above, where Christ is seated at the right hand of God. 2Set your minds on things above, not on earthly things. By focussing on money etc. you are focussing on earthly things. Dont.
He has yet to mention if he has debts to pay. He's overspending terribly on unnecessary things. Lifestyle creep is easy when you're making over 6 figures. That's the lesson of today!
I admire this guy because he is totally transparent, he is an excellent example that if someone with that income needs to make adjustments and cut expenses, what is left for the one who earns minimum wage. At least he can be sure that when he retires he's going to have a good amount of money in the 401K, he just needs to make adjustments. But for the vast majority it is a wake up call.
@@shere.1376 well glad you asked. Most people pay about 30-40% of their income on housing. I buy low priced 2-flats and rent them out such that the rent covers the building plus my housing. So the percentage I spend on housing from my job is 0%. I’ve only rented for a couple years my whole life.
I bring in about 105k It’s not a struggle but It’s not enough especially with how inflation has hit. I don’t live check to check but I do have ti still budget and not taking multiple vacations a year.
Really refreshing to hear a wealthy person be honest about what it takes to make it and trying to instil the right additude about personal finance and working. I get really discouraged because a lot of my friends have SUGAR PLUM FARIES dancing in their heads, they dont want to face the reality of how hard they're going to have to work later for all the spending they do now.
I watched that video before, and thanks for your recap. The only smile on his face i see is when he is talking about the Disney trip with family, so I think we all need entertainment, making family happy even we're planning on the budget.
He is making 129,000 for two. So technically, he’s making ~65,000. That’s why he is struggling. If the woman makes at least 50,000, they would have been good.
You can absolutely survive on 47k w/ a family. Its not what you get its what you do with it.. Americans just think excessive consumerism is normal but its not its a western culture thing. I enjoy living practical while having more than enough money. Most people are easily enticed though.
You can survive, just barely. Especially if you have many kids. Your kids deserve more than the bare minimum. If your son wants to go to Hockey camp, or you daughter wants piano lessons, what then?
@@angelmartin7310 Americans are the biggest consumers on the planet. So of course we will think its not enough. Weve been trained to buy what we want, not to hold on to our money. There are many ways to improvise to fulfill our needs and minimize spending money. But most don't think twice about spending money cause we're trained to spend.
I said in 2019...the middle class is gone. There is no middle class. I was met with A LOT of people saying I was wrong and just people like me are broke and we need to get better jobs. Well....here we are.
I'd like to share the key with you guys, and I hope this is stickied, but I recently changed jobs and my income jumped from 60k after bonuses to the mid 90's, and one thing I didn't do was make more bills to consume that additional income. I have a savings account where I can hide the balance. I have a rough idea what's in it. Once market sentiment changes, I move a chunk of my funds to my investment account. I do this at least twice a year, because that's usually how often markets correct. As your income creeps up, don't acknowledge the additional amount outside of investing it. You'll ultimately be able to use those funds to live a better life.
That is so true! Every year, I increase my pension contributions in line with my salary increase and tried to get my friends to try it. Just pretend there is not more money coming in, makes it easier not to see it
This is how I live my life. When I start making more money I don't spend it. I still live on what I was making 14 years ago + inflation. I can still spend money on unnecessary things I just do that a couple times a year and it has to make sense as a purchase. I see it as treating myself for being frugal. It's the overall lifestyle that eats at your gains. Not one off spending. Just control yourself. I also ignore my gains outside of making sure the bills are paid and fraud isn't occurring. I don't pay attention to my retirement funds. It's going to do what it does as long as I stuff money into it.
My thing is it’s always been designed to be this way. Everyone lives paycheck to paycheck. He lives in the suburbs and pays for the lifestyle he can afford. Which unfortunately means having no money left over after the end of the month. It’s always been this way!
I'm glad you mentioned this video Anton I came across his bottom a month ago on my journey to break into tech and I realize he was red line his income making six figures crazy 🤪
In terms of clothing for Men. I don't buy clothes as often so I opened another savings account and named it "Clothing". Every month, I do monthly automatic transfer of 2.3% of my income to the "Clothing" savings account. When I need or want to buy clothes, I go buy it when I feel like it (usually within a few months) then transfer money from the "Clothing" account to my "checking" account.
Just cause you make 130,000 doesn’t mean that that’s what you’re actually needing. Subtract 40% from 130 a year and that’s what you’re actually bringing in.
I am a black 45 yrs old man, that never dated a single woman that didn't had a good reliable well paid job. I remember very well even when I was just 16, 17 yrs old I never dated girls that didn't had money, didn't had at least a part-time job. I kept the same principles growing up, even if you are making millions your women should work, run a business and bringing money in, that's the only way your woman become trustworthy, they stay will you when they have something to lose especially their own money and investments in the relationship. When a woman's money is fully involved in a relationship she will think twice before doing anything stupid that's what life in relationships taught me..
That's how most b l k men are raised.. to depend on the women in their lives to be the stronger party. If you look through the comments, you will notice that not just this guy but all of them are hyper focused on the woman/wife and not how to improve their situation
@@angelmartin7310 a generation of arrested development, excuses, and victim mentality 🤷♀️ the first step is admitting there's a problem! (And that will NEVER happen unfortunately)
A lot of people work hard I know someone who makes $1,100.00 for the month pay $500.00 in rent, can’t take a vacation they have $600.00 left for the month they have to pay for transportation, food, pay the cellphone they applied for food stamps, received only $20.00 on foodstamps this is a disgrace the struggle is real, it’s unfair
Great video! Thanks, I thought I was doing well at $125k annually, but now in this climate my situation is the same - now I'm shooting for adding another 50-75k annually to have breathing froom and do other things I wanted to do. That's is the govt doesn't completely wipe out the middle class.
Like I said. In the grander scheme of things.. 100k ain't shit when you calculate taxes and life..I don't know why folks walk around cocky with their head up and looking down on people because they make 100k. 100k is farrrrrrrrrr from being rich
He could of definitely waited to have kids, but probably because he’s into tech, he probably assumed he would be making more later while having kids, and eat out wayy too much
It is not fair to say that he should wait to have kids. You don’t even know how old his wife is. Plus when you get married you wanna have a family. I don’t get it, I thought you in the conservative arena advocate for families and criticize people who wait until they “have enough money to do it” please give me a break. I do agree that they should cut off on eating out. But overall he lives very minimal comparing to people I know makes way less and travel and party all the time with kids and all the expenses they have.
@@katkat5871 Living costs are way too expensive when ppl cannot even have kids & support them adequately. My parents were 25 with 2 kids buying their second home & my mom stayed at home & they were definitely not living paycheck to paycheck.
I live in California making under 55k. I have pets, a mortgage, car etc. there’s 1 adult & 1 child in my house. My only debt is my house & basic living expenses. I put $350 in my retirement before taxes, I also pay our medical & dental before taxes. Living on a minimalist budget I’m able to pay an extra $100 on my mortgage and put $1000 in savings a month. I chunk my mortgage payment at the end of the year to pay off my house. I’ll be mortgage free in 3ys. Budgeting is a mindset. I still go on vacation yearly using my cc points I collect all year buying my basic necessities and paying it off monthly with the money I budgeted for those things. Take on a minimalist lifestyle & mindset, you’ll be surprised what you can accomplish financially.
i haven't even listened to him yet but i feel like the wedding ring says it all.. cuz i make less than half of what he makes and don't live paycheck to paycheck... but i'm not married soooo yeah
As an accountant I was impressed 👌 👏 by Antwans' understanding of the tax and retirement code ! A quick masterclass he dropped right there ✅️
He broke it down in an easily digestible way too. I do finance as well
The big problem is he is adding too many liabilities to his life, much too soon. Having a wife and kids is bad enough, but adding a dog on top of it is the icing on the cake.
Fellas, it makes zero difference if your woman makes good money, she will spend all her money, and then a good chunk of yours. Remain single and do not have kids out of wedlock! The women will be there once you're ready to start a family.
Best option for a young man in the tech field is this:
1. Get a full remote job
2. Relocated overseas to south America or SE asia for super low cost of living.
3. use the Foreign Income Exclusion to exclude over 100k of your income from taxes
4. Max your 401k
5. Max your HSA
With this plan, you can effectively not pay income taxes on $140k of income, which means you're saving around another $30k in taxes. You're also saving a metric ton of money on living expenses.
That's the beauty of being a man, wait until you're 35 with a million in assets. Then if you want a family, find a young traditional feminine woman to start a family with.
One more big important thing!
Do not bring her back to the United States! You do not want the culture and stupid American females putting dumb things in their ear!
Great content in your channel, Anton! I’m 53 and my wife and I reached $1M net worth in 2017, six years later it’s $2.4M. Our yearly salary is a little over $100K. We drive older cars, cook at home, eat leftovers, and have 2 in college. We saved for college and our boys help by working. They will graduate debt free.
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Just sent this to my wife. It opens my eyes so much. Thank you for sharing this 👍❤️
I know you don need this but, I am proud of yall!
Currently making 6 figures and I'm able to stack up ONLY because I don't have kids and a wife. I notice that the main reason why I spend money has either to do with women or partying. Once I stopped that I was able to stack up a lot more and save.
Amen
I know them hoes are expensive
This is the way I’m at 90k single not mingling just stacking n clearing debt to make way of investments
Well, without my financial management and my financial contributions, my husband's net worth would be a third of what it is now!
same
I can relate to this issue. I make $116K annually. Single 3 grown children, I’m still paying off college tuition bills and other debt. Trying to pay off mortgage before I retire in 6 yrs. Car paid off. Maxing my 401K out with 25% of salary. I don’t eat out a lot don’t do a lot of shopping, and don’t have the latest tech gadgets. Yes I’m living pay check to paycheck!!! 6 figure income is not what it was in the 70s , 80s, 90s.
Something’s not adding up
That's not adding up. If your bringing in 116k a year you should be rich.
I bring home 68k a year...and I'm doing just fine. 2 Cars. Latest gadgets. I think you need to let your kids pay their student loans? Debt is the biggest killer. Kinda why I have only one card
The big problem is he is adding too many liabilities to his life, much too soon. Having a wife and kids is bad enough, but adding a dog on top of it is the icing on the cake.
Best option for a young man in the tech field is this:
1. full remote job
2. Relocated overseas to south America or SE asia
3. use the Foreign Income Exclusion to exclude over 100k of your income from taxes
4. Max your 401k
5. Max your HSA
With this plan, you can effectively not pay income taxes on $140k of income, which means you're saving around another $30k in taxes.
That's the beauty of being a man, wait until you're 35 with a million in assets. Then if you want a family, find a young traditional feminine woman to start a family with.
That’s because you’re paying off college debt and saving 25% of your before tax pay.
@@analogueoverdigital929 lol I HOPE he isn't paying his KIDS debt. Maybe he's talking about a long standing student debt of his but yeah it's probably his children's. Please don't pay for your kid's debt what is wrong with you!
I don’t agree that he’s “not making enough.” He is clearly overspending. Turn that AC off and crack a window! Why do they need to spend thousands of dollars a year on babysitters, if the wife does not work?
She doesn't work or cook as well it seems..
@@infallibl vagina better be made out of platinum
the kids gets looked after while she gets bent over by the mass.
I totally agree. The problem is not income. They have a spending problem like most Americans. I don’t care how much you make, your budget should include savings.
I agree
I'll say what no one else state for the record: having a family is a wonderful thing that everyone should experience. Coming home to people that love you is an amazing feeling. Here's the reality though: IT IS NOT CHEAP TO HAVE A FAMILY. Most folks are afraid to say this but its true. Kids get sick, or have expected emergencies. Your spouse or partner might get sick and that comes with its own share of problems as well. Something breaks down in the house that needs to be fixed, your car has issues, etc. If I had to start all over again, just based on my personal experience of having a family at the moment, I would get my money right first, then look to start a family. It's like building a house yeah? Lay a foundation, then build on top of that foundation. Trust me, its worth it!
Unless you are balling out of control you can never truly prepare for a family. You just don't want to be dead broke barley making it and having your first kid. Such as a lot of lower middle to working poor people tend to do.
That’s why I have one child. Making less or making more, my daughter lives really well. Having one child just requires you to spend a little just a little bit more. But I think when you have 2 and 3 kids, it get out of hand. It get easier as they get older too.
@@MelissaLona but what if family members judge u for having only one child? Expecting another grandchild? 🧐
YOU are Right 😎✌️...5⭐⭐⭐⭐⭐.
@@Shazzyhtown I really could care less about what others think, family included.
I’m starting to see a lot of discussions and people talk about how making $100k ain’t nothing but in reality what we need to be talking about is how $100k a year as a single individual with no wife and kids vs someone who makes $100k trying to take care of a wife,kids and has a bunch of debt. There is a difference and we need to be more direct when we talking about it because that discussion applies to a specific group of people and not all people that make $100k a year
Very accurate! I’m married with 3 kids and my wife stays home. I make 90k a year and we do fine! What irritates me is when my single friends with no kids who make the same as me or more are talking about their broke!
$100k is enough for the necessities. but people confuse needs for wants. we don't have a lot of needs. but wants. the list is endless. it's up to you to tame those wants. because as we've seen if you make $100k gross you're just taking home $72,000 net. that's just $6k a month. if your home is 30% of your take home pay you are down to just $4k a month and you really need to make it stretch.
its all based on different people's situation. Being riddled with debt is hard to get out of especially if both adults not working in the household
4 percent make 100k a year...small percent
@@peoplesrealestateandmore you pay less in taxes monthly and yearly. Already you are ahead, you are not spending to meet a significant other because you already have her. Yes, definitely more mouths to feed but if a single person does not have a business to help get tax breaks we technically spend more monthly without a lavish lifestyle. My married friends and I have this conversation all the time. They pay an average of $533 in federal, state, Medicaid, social security taxes and I pay $710 average
I went to the mall during the weekend and it was crazy packed..and one thing I noticed was most of the people looked like working class people …yet they were all buy tons of clothes, toys , crap ect….wealthy people are actually not big shoppers, they buy quality items but aren’t s just throwing their money away to consumerism
Nah I be in the "average" mall and the high-end mall....Everybody likes to shop. I go the high end mall and from the conversations I have or overhear, these people are C-suite, VPs and company owners. They love to be out shopping.
Wealthy people drop over 200k in shopping 😅 i know because i saw the accounts. The thing is you just won’t see some in the mall a lot because they have personal shoppers.
Ya dig. They have full baskets of unnecessary crap at the grocery store too.
This.
Wealthy people do love to shop 😂😂😂 … you just don’t see them because they send their assistant to do the shopping lol
This is how I know that most of these "boss chicks" are broke af.
They really aren’t….they have “multiple “ streams of income then men just can’t generate ( OF for example)
@@scarletlady3727 no normal woman is on OF and most normal women don’t even have the body for it.
I dated a pediatrician for two years and she was broke as hell!!
You are correct about that. Especially if they are paying student loans.
@@demetriuspowell29 😂
They need to teach finances in school. This was a great video. I could never see my spouse struggling like this to take care of. His wife need to get a job
Facts like come on what is his wife doing, just spending his money and not helping him
But guys these days want a traditional woman.
They don’t want people to be smart with money. 👀😂
The parents should be teaching finances but of course most parents have no idea how to manage finances and money
They do teach it in school. Knowledge is not enough. Just like some people watching this video will maintain poor spending habits.
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Indeed, that's accurate. I'm currently in my mid-50s. My wife and I were on a similar path until a couple of years ago when I decided to shift my investments to her wealth manager. While I haven't quite caught up to her accumulated profits over the years, I'm at least earning more now. I'm generating income even before retirement, and my retirement fund has experienced remarkable growth compared to what it would have with just the 401(k). It's quite amusing.
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Anton, I am a Brother living in Park City, UT which is the most expensive place you can live in Utah. He is spending way too much money. During COVID many people moved to Utah, so real estate prices have gone up. He needs to be cutting on the going out to eat, clothes, utilities with a NEST Thermostat, and do baby sitters every other week. People think because they are making over $100k they are affluent these days. If his wife is not working she needs to get a side hustle to help out. I didn't even hear that much money being saved for an emergency fund from all of his expenses.
100k definitely ain’t what it used to be. I feel like if you want to live a above average life for a family of 4 you gotta at least make 250k minimum.
Thank you! I said this the other day and dudes were tripping about it, saying I must have grown up rich (I did but that is irrelevant). I said if these redpillers want a return to tradition, wives in the home caring for lots of kids, they better stop telling women to settle for a guy making 60-70k a year. You need to be making at least 200k to be solid if you're gonna have multiple children.
@@angelmartin7310 agreed. The sad reality is for most men having a stay at home wife just isn’t feasible financially if you don’t want to be struggling.
@afrothundar I stay home with our 5 children and my husband just started making 185k by going into contracting himself and our mortgage is only 400. We still have to watch every penny, and as the kids get older they will cost more.
The problem with women working is strangers raising the children. That's what school is. We homeschool.
@@angelmartin7310 but how many men in the US make 200k a year percentage wise….I don’t believe it’s a lot
@@Gdrisss How many black men make 250K? If you make that kind of money, it will be only for 3-5 years. After 50 years of age you will be making less.
It’s never about how much money you make… it’s all about how you spend it… I know people who make $65/yr and they are millionaires because they invested, not trying to keep up with the Joneses, etc…
This right here is a good example of why you should marry the right person not the beauty with no vision but has nothing to offer but headaches. You have to be a real visionary out there.
Putting disneyland in like that's a normal expense monthly is nonsense. Also, saying you live paycheck to paycheck after saving all that money in your 401k is also nonsense. This guy is doing ok maybe needs to do more saving and investing, but he is not doing bad by any means. Acting as if everyone needs to make 200k a year nowadays is ridiculous, especially when such a small percentage of the population in America makes that amount of money. It really depends on your habits, lifestyle, COL in your area, family size, and other factors. People survive and can actually do well on much, much less. It's how you manage your money that matters.
Agreed. Dude knows he’s ballin’!
You notice it’s mainly people who make six figures making these videos about the “financial struggle” and not the people who are actually struggling…lol
This is my exact family salary. Very similar circumstances. After taxes a third of your income is gone before you even think about what you want to do with the rest. I spent 150 out to eat this weekend. We spent probably 500 on groceries the same day. I don't have child care expenses but I do have child support. I couldn't imagine bringing home 20/hr. I know kids who make 20/hr and the parents are making the same thing. It makes me sick to see people settle for the low hanging fruit. Gotta be hungry and you gotta stay hungry. If you stay focused anyone can make 100k in 2-3 years. Love the content Anton 💪😎. Oh yeah, I'm in Columbus Ohio.
Best advice. Dont go in debt. Save for what you want. If you want to take a $10,000 vacay- save for it. If you need new furniture, save. New car, save for a large down pmt. Need new bathroom, save.
Yay
Kudos to him for being so transparent.
Making $100K is still a great deal of money and many families can live well on that. They can buy a house and save money for retirement, etc. THE PROBLEM is lifestyle inflation. THE PROBLEM is debt. THE PROBLEM is helping out family members that see you “shining” and want you to help them out.
Not is LA and NY
@@katkat5871 High cost areas go without saying.
@@katkat5871 But most people don't make 100K in NY or LA either so it def doesn't negate his point! Making 6 figures is still a LOT of money as it's far above average.
@@KidFromQueens 100K definitely above average
Mannnnn you didn't tell no lies.
Especially on the family see you "shining".
You shouldn’t spend no more than 35% on housing, 15% on debt, 25% on living,10% savings, 15% on Transportation…… No need to join Patron do the work yourself. Stay disciplined and cut where you can cut while working on your career and skills.
U know wat u commented only covered 1% of the game he giving on patreon
💯💯💯💯
That sounds cool, but the majority of rent around the country is high causing people to pay at least 50% of rent.
After he goes over the food expenses I’m wondering if that’s why his wife didn’t want him to expose the way the money is spent bc it sounds like she’s not cooking at all🧑🍳 😅
sheeeesh
Thanks for the breakdown I explained to family members that $120K doesn’t go a long way and I am a single person in NYC 🤷🏾♂️
120K doesn’t go along way ? WHAT? Lmfaoo BRUH yes it does. You can live off it tbh.
@@TCTALKSTCFITNESSfacts u have to just live without the extra 💩💩💩
Spend less then. I feel like we got a bunch of spoiled babies living like they are socialites.
Bruh y’all just refuse to budget😂😂
@@TCTALKSTCFITNESS curious...you live in NYC? What would you say is a minimum to actually live? Have a life outside of work, go home and eat sandwiches every night?
Its all relative in my opinion...I make 120k single living in KS suburbs, 1M net worth, paid for house, car and truck no debt.
Max out Roth IRA and 401K every year...Im alright on 120K!
He’s drastically over spending. I calculated around 1783.00 a month that he spends on recreation and what scares me is that he does not have any outside investments from his 401k and house. He woke deoendant on his job for income and he didn’t mention if his wife works. 800 plus on groceries showcases the woman he’s made his wife is not prudent she should be storing food canning and cooking meals for the family monthly. They should have at least 1 year of food in the home if she’s not working. Downsize and reset. I make 55,000 a year and own property 401k stocks crypto silver gold and I don’t see a grocery store more than once a month. Americans over spend and this is normal for college kids who learned nothing but a trade and have no clue about money.
How many kids do you don’t have?
You obviously don't understand finance
@Anthony Boyce Or maybe you guys don't. I make half that and I still save and vacation just fine - he's bad with money.
Bro you just spurred out a bunch of nonsense. Trying to throw shots at his wife lol for what? His only overexpense was the going out to eat….This “manosphere” “red pill” space has you fellas minds WARPED. Clearly zero inclination on how finances work , definitely zero inclination on how women , dating , and marriage works
@@ATHTSupply people do it all the time on around or less than $100,000, between the two of them. He may need to relocate or something, but their salaries should be enough to do okay.
I been saying this for years. .. That's why I shake my head and laugh when I hear woman say,,, he got to make six figures. I know off rip they don't make that, because they would know that ain't jack. The difference between make 60k and 120k is only $1500 a month after the tax man get you.
But that 1500 makes a difference in quality of life. Women asking for 6 figs means "can't go lower than that" ...anything lower is next level struggling. Women are literally asking for bare min! Women grace men so much when it comes to income, yet the 6 figure rant is categorized as "gold digging "... when its really not!
More like 3k to 4k stop the CAP
how did you calculate the $1,500 difference, that's not right
This dude is spending 1700 between his groceries and take out on 4 ppl in one month. 😆
Anton stop bragging so D much we know u got it try uplifting ppl more we honestly don’t care about the 10 grand Disney trip or the 400$ u spent out to eat like what did y’all eat a horse or a cow ? But what I do care about is how open the guy was and letting us know we’re not alone were all in this thing called LIFE TOGATHER ❤. But everything can be taking away in a blink of a eye don’t forget that !! Yal stay prayed up and blessed , The Most High brings me hope 💕✌🏾
It was deep fried horse and seasoned caviar with wine 🤣
I live in the bay area, security guard, and my wife works at a grocery store. We make it work. I don’t know why this guys having a hard time.
He’s not. I’m sure he has plenty of money.
In New York, as high as the rent, mortgage, and taxes are, you can make it on 120k. My late aunt taught me how to save, invest my money, and shop for food, clothing, and products on sale. She never pay any thing at its regular price. She made $75.000 per year. Left two life insurance policies behind, an annuity and 401k and a saving behind. Oh yeah She traveled 5 star around the world. It can be done with great planning. She worked for Equitable Financial Services on 56th and 6th Avenue in Manhattan. 😎
In what year was that? It does not sound that this was recent. Rent was pretty low in NYC in the early 2000s but now, even the bad neighborhoods cost of rent is super high. 120K is not enough for a family of 4 in NYC. Was your aunt single or married. You didn’t mentioned if she has a family.
@@katkat5871 You really need to look up wage statistics 🤦🏾♂️🤦🏾♂️🤦🏾♂️
You can survive on 120 nobody is saying you can’t survive on 6 figures what he explaining is that 6 figures is not what it was nor what you think it is. It’s not a rich or upper class life style especially if you have a family. When you get to around 200 k ish then it’s a bit more comfortable
Why don’t you let the video play, he is explaining his expenses better than you can.
😉
That grocery bill is high and needs to stop eating out. People got this thing of eating out all the time. Families in the 70s and 80s ate out like every 2 to 3 months.
I personally think everybody should be taxed the same percentage no matter how much money u make. If it’s 15% for someone else, it should be 15% for me too
💯
Even if you make Six figures. You gotta live a conservative life. Me and the wife have 4 kids, she stays at home with the kids because child care would be THROUGH THE ROOF for our small kids (4,3 and 1) we eat out MAYBE 3-4 times month....we try to cook every day.....I know families that eat out 3 times a day.
We don't buy big ticket items.....We do a great job of steering away from the big ticket items like new flat screens, new tablets, new laptops, new phones that drop every six months etc etc. We don't have any car payments. We paid off our van during the pandemic (we saved so much money during that time) and I paid cash for my SUV about a year ago.
I also work remotely and don't have to go into the office only but once or twice a week. So that saves on gas.
when people say six figures it's typically $100- $150k a year. the people making $250k a year if not more on a family of 4 typically wouldn't be making videos like this unless they really splurging on all sorts of stuff. you making $500k a year or more.. then you can live like this guy
@@joeswanson733 you're correct. I'm in business to business sales, so to your point, there's some years where I'm making multiple 6 figures and there are some years I'm making like you mentioned the lower end of 6 figure. All in all, we're a conservative family. I think the people that make Six figures and are struggling are the people that want to splurge on nice things all the time, eat at pricey restaurants all the time, take 4-5 pricey trips/year, high care payments, high rent/mortgage etc etc.
@@ericthomas7885 people just don't like counting pennies (just watching your flows carefully) people keep saying living life.. well who here wants to work til they croak. raise their hands.
@@joeswanson733 I get that. And again I'm not saying a person shouldn't go out and enjoy the fruits of their labor, but I knew folks who don't make anywhere near what I make and they have more expensive car than me, their apartment cost more than my house mortgage. Etc etc. I'm like "wow..... y'all trippin" lol
@@ericthomas7885 I guess it's just too easy to get Carried away....and someone told me once you got a taste of the good life... there's no turning back
Y is he paying a babysitter if the wife doesn’t work
They go out on dates.
He explained that. He said it’s important for he and his wife to have their time together alone without the kids.
Well he's still doing way better than most of us
Not really
True
Anton is correct. If you make your wife a stay at home wife, it is difficult to later convince them to drop that lifestyle and go back into the workforce!😄
Facts like the woman is used to doing nothing but chilling at home
Depends on the wife. My wife is a stay at home wife for 9 years, and she can't wait to go back into the workforce.
@@erickn7985 Actually if they are truly doing their job, they are out of the home quite a bit. They are truly working but in the interest of the family, not corp america.
I was a SAHM for 10 years. Kids got older I got restless and bored. Plus with all that’s going on around us made me want to be more proactive. I put out word to old coworkers who I’m still friends with to let them know I’m thinking about rejoining the work forced. Well a few months ago I got a text from a friend. Put in my resume and landed the job working from home with a pretty good pay too. Even though we’re now a 2 income family we’re still living off just 1 income. We were living that way for a decade comfortably why change it now.
@@tippytoe1250 That is also our plan. I make more than enough, but once she goes back to work we're going to put her entire income into retirement savings and just continue to live off what I make. We treat our income as one and I never make her feel "my money" or "her money" but is always our money.
I’m living great with 80k a month, I still wear clothes and shoes from 2010, I used to be wasteful, after I became financially educated, my budget is spotless, I calculate before I spend or buy anything, and will not go over for nothing, I live all the way outside of the city, mortgage is 1600 a month for a 5 bedroom House with a family of 4.
It’s definitely possible for a family of 4 to live on 100,000 per year but clearly it depends on the lifestyle they live. After all their needs are met, they won’t have a lot of money for all their wants and “nice to haves”. (Vacations, Disney, eating out etc). We make around 200k per year. We have 2 kids. We do “splurge” on trips. (But we also save and invest a lot). However, if we were down to one income we could definitely live, but we would have to cut out all the unnecessary splurges, which would be fine, because even though we make good money, we still keep our expenses low. Paid off car, affordable mortgage (not even $2000), I cook everyday. I get teased because I don’t have an iPhone 14 😂. It’s not always how much you make, but what your priorities are.
So true
The government doesn’t consider $130k a year to be middle class. They “think” you’re rich and should pay crazy taxes. The man in question has a wife who should be working. I’d be very comfortable on $130k but I don’t have kids.
I completely disagree with Anton (1:30). People can live off of 57-67 thousands a years. I live in Maryland/B-County (one of the wealthiest States in the Union) and raised two young ladies as a single dad for the last 12yrs. I live in a gated community, I lease a 3 bedroom Condo, own 3 cars which 2 of them my daughters use. I'm from Generation X. The baby boomers (Our parents) learned how to do more with less and live comfortably within their means! Meaning they were very resourceful something that is foreign to most millennials today. There is an old TV series called BIG SPENDER that showed people how to live comfortably within their means. A lost art among today's youth.
depends on how much you pay for housing since that is most people's largets monthly expense
900 dollars on groceries is absolutely ridiculous
For a family of 4... You don't have kids?
It's just me n my wife we spend abt $400 ...that's a family of two
Ok let me add a little context bc I follow the guy. He used to work 2 remote jobs where he was making $300,000+ a year - he did that for a little while. During that time, he paid off his cars and I’m sure saved a SHIT ton of money. He also didn’t mention his TH-cam income. I don’t think he’s doing bad financially, I think his habits working the 2 remote jobs carried over to when he continued to just work the one and him evaluating his August statement is the start of him adjusting to the singular income.
Yep. He’s good.
Yep, saw this video a couple of weeks ago. He also said he recently got a new job where he received an increase in pay
@@mari_j_mc Same. I didn’t watch the full video because I felt that he was bragging a bit.
@@krissy35 he was jus stating the facts in detail. There was no embellishment or arrogance so I didn’t get bragging at all. Besides at the end he was in the negative so definitely not bragging imo
Can we all just admit that 100k isnt a lot of money for a family of 4 these days? Sure, he can do better. But what is he doing that is so outrageous? He wants to enjoy life and eat out with his family.
The people who make less than that, will shame you and say it's enough. But yes in reality $100K for a full family to live a decent average life is not that much money. These poor people who make pennies want you to live off rice and beans, have no house, no car, no pet, no food, just so they can say they're better a managing money than you.
@Nina the Pit bully babe are you kidding me? Rent and mortgages are sky high. Food up 35 percent. Things are much more expensive now!
@@LemonLimes99 haha that person right on cue after my comment.
@@The-Based it depends. yes if you spend every $ on just bills, then you're a high income poor person. But if you save 25% of the same income into retirement or an investment, but still paycheck to paycheck. That's not poor.
That's why I think Net Worth is a better measurement of someone's wealth, not just income.
@Nina the Pit bully babe same family of 6 and I live in nj an still have money left over from my weekly pay checks and as of now I am the only one working
I know people that make 60k and save ..if one is loving check to check on Six figs it’s on them …American culture is taught to spend and consume not become financially literal
💯
Your absolutely correct!
Yea they don’t live in good school districts guaranteed
Ways to save money.
1) Cut the cable. Use Amazon firestick and streamline movies and tv shows.
2) Learn to cook at home. Eat out maybe once a month.
3) Switch your Verizon phone to another phone company. There are other phone companies that have cheaper plans than Verizon that pay only $30 a month. Just as good as Verizon, just cheaper and you can use your same phone.
4) Hot summer days, leave AC on at 73 and 75 all summer long 24/7.
My bill comes out between $220 to $275 a month the whole summer.
Best of luck.
Only if a good amount of folks do what you teach, just imagine how many millionaires we already have or will have in the future. Not the sad statistics where at least 50% of people are living paycheck to paycheck, even for high income earners. Great contents as always!
A relatively simple way to build wealth for future generations is to consistently invest in top-notch, dividend-paying REITs and blue-chip companies over time.
Unfortunately The majority of individuals seem unaware of and careless when it comes to investing, despite the fact that it should be the best thing a person can do for himself. My gains from stocks and cryptocurrencies are still having a significant impact on my fortune. So I have no inclination to rely entirely on my pay or to wait for the market to go up.
@@shirleneunglesbee1423 Absolutely, Fiduciary-counselors have exclusive information and data paths that are not disclosed to the public.. I profited £460k in 2022 under the guidance of my Fiduciary-counselor “JILL MARIE CARROLL”. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.
@@kansasmile How can I touch base with Jill Marie? what are her services like? is she verifiable? do you think she can help me.
@@alexanderdimitar7154 Look her up online; she has a website where you can get in touch with her and get to touch base with her properly to find out.
He has a side of hustle it's called TH-cam
I was making 69k last year and was able to save $800 a month . I am discipline with my money and tell it where to go
What's your house note or rent payment a month?
@@dionbrooks4981 1200
“My people perish for lack of Knowledge”. The Book Of Hosea 4:6
I'm blessed. $130k in North MS and I been BALLIN😂 Life was a struggle early so I had to get that "jank" off.
I'm all about wealth now. And yea, BumQyisha screwed me too. Bout got that paid off. If God keeps me 15 more years in this lane I'll be 60 and ready to fish, hunt, travel and grab my wife's butt all day. No, she doesn't work. All praise to my King, Jesus.
30 video interruptions, 15 humble brags, 10 join the bagchasers
That’s what I do when it come to my clothing. Every pay period I buy an outfit and maybe a pair of shoes.
Living Above His Means Is the Root cause For Most Of People's Issue.😔
10k on trip to Disney!! Who's the one wasting money here?!
I make low 6figures and this is spot on I'm married been gainfully employed for 20yrsat the same place and bro it's difficult. Ex military as well, financial literacy was not on the menu growing up where I'm from, I'm from the neighborhood so that's just how it goes. I'm in my early 50's this guy looks young AF, in my field electric line work you can make 6figures easy, but you are going to have to work! Just wish I had a clue earlier.....
Careful now sharing that you make 6 figures. These poor people in the comments who make $25K a year will try to shame you saying you're bad with money.
He is bad with money
About $800 a month eating out for a family of 4 is normal…I went to a freaking. Olive Garden an dropped 200$ on the bill with my fam of 4
Spending an addittional 10K on food is not worth it
It’s simply because they are over estimating their lifestyle - 100k doesn’t make you rich after tax, in the UK it’s around 50% tax, hence why you need more income - your take home pay is your real earnings
You dont want more income, you want more capital gains/etc. income from labour is taxed higher, choose the lowe tax advantaged sources of cash flow
That’s why I tell people is not about how much money you make is all about how much money you keep and be financially educated to make that money grow. I’m grateful of what I make but never satisfied. 🙏 📚
I will break it down
1- This dude has no idea what he is doing even though he is smart, young and makes good money-!
2- His wife is just a 3rd child he has to take care of rather than a PARTNER-! Sounds like she is a beauty who assumed pop 2 kids and let him take care of me
3- Get rid of the dog-! cant feed his "3" kids but has a dog?
4- Stop eating out and wife better find a way to put kids to bed so their dates can be in the back yard
5- Tell wife to also get a remote job and they can switch the children when one clocks in and clocks out
6- Downgrade house
7- Take some financial courses and take his wife with him.
Problem solved. He should be saving money
He never stops bragging (Anton). People can live in a smaller house, which may need some sweat equity, people can buy in bulk at Costco, you can cut that expensive telephone
Bill in half. There are new and much better and cheaper telemedicine from (real doctors who don’t believe in the jab) Inflation is crazy,
when you get that additional income, continue living on the 47k, most importantly God has stored for his righteous a wealth transfer (look at silver, gold, land and certain
Cyrpto currency) Don’t let braggart millionaires make you think you are losing.
Mannnn I don't even watch his content but already several plugs on his lavish lifestyle. And that's suppose to make me follow you or your mindset.
Most millionaire aren’t flashy and don’t feel the need to brag. They just go about their life blending in . And teachers are one of top professions of millionaires and most don’t make 100k. It’s not how much you make, it’s how much you keep.
He brags way too much within this video what is his point of this video ? To show he got it😒
@michaelatwood5428 said "most importantly God has stored for his righteous a wealth transfer"
I hope you do not think this is christian.
This is more like "word of faith" nonsense
Compare that statement to Collossians 3:1-2
1Therefore, since you have been raised with Christ, strive for the things above, where Christ is seated at the right hand of God. 2Set your minds on things above, not on earthly things.
By focussing on money etc. you are focussing on earthly things. Dont.
He has yet to mention if he has debts to pay. He's overspending terribly on unnecessary things. Lifestyle creep is easy when you're making over 6 figures. That's the lesson of today!
If he didn’t mention any debts, I doubt he has any debts outside the house. Car is paid off as well.
Of course he is way over spending.
We make 87k a year and we have money left to save, i pay 1700 in rent, 110 for the tbe 2 car payments, and we habe a 5 and a 3 year old.
Experienced IT guy in a similar compensation position BUT I actively save and invest. Savings. Emergency Savings. IRA. HSA. YKK.
I admire this guy because he is totally transparent, he is an excellent example that if someone with that income needs to make adjustments and cut expenses, what is left for the one who earns minimum wage. At least he can be sure that when he retires he's going to have a good amount of money in the 401K, he just needs to make adjustments. But for the vast majority it is a wake up call.
I love and appreciate his transparency
When you make 100k and live like you make 50 life won’t be as complicated
This is why I eliminated housing and car notes. Those two things account for 50% of most people’s income
How did you eliminate housing costs without being homeless?
@@shere.1376 well glad you asked. Most people pay about 30-40% of their income on housing. I buy low priced 2-flats and rent them out such that the rent covers the building plus my housing. So the percentage I spend on housing from my job is 0%. I’ve only rented for a couple years my whole life.
@@eliot5220 Excellent. I tried to do the same in Cali and kept being beat out by multiple cash offer buyers. Maybe one day. …
@@shere.1376 CA is too expensive to live for a regular person. I do deals in Midwest. I have friends who struggle to pay rent there.
“It’s a little different for us” had me rollin 😂
I bring in about 105k
It’s not a struggle but
It’s not enough especially with how inflation has hit.
I don’t live check to check but I do have ti still budget and not taking multiple vacations a year.
U got kids n a wife
Really refreshing to hear a wealthy person be honest about what it takes to make it and trying to instil the right additude about personal finance and working. I get really discouraged because a lot of my friends have SUGAR PLUM FARIES dancing in their heads, they dont want to face the reality of how hard they're going to have to work later for all the spending they do now.
I've gone crazy with the spreadsheets . You have to track everything to make the best decisions.
I watched that video before, and thanks for your recap. The only smile on his face i see is when he is talking about the Disney trip with family, so I think we all need entertainment, making family happy even we're planning on the budget.
Annnnd THAT is why I'm never having kids. Affordability aside, the juice just isn't worth the squeeze.
He is making 129,000 for two. So technically, he’s making ~65,000. That’s why he is struggling. If the woman makes at least 50,000, they would have been good.
You can absolutely survive on 47k w/ a family. Its not what you get its what you do with it.. Americans just think excessive consumerism is normal but its not its a western culture thing. I enjoy living practical while having more than enough money. Most people are easily enticed though.
You can survive, just barely. Especially if you have many kids.
Your kids deserve more than the bare minimum. If your son wants to go to Hockey camp, or you daughter wants piano lessons, what then?
I agree. In different parts of the country you'd be surprised what big families live off of. Not everywhere is as expensive as the coastal cities.
@@angelmartin7310 Americans are the biggest consumers on the planet. So of course we will think its not enough. Weve been trained to buy what we want, not to hold on to our money. There are many ways to improvise to fulfill our needs and minimize spending money. But most don't think twice about spending money cause we're trained to spend.
47k for a family of 4? That’s very little. I don’t see how that’s possible.
I said in 2019...the middle class is gone. There is no middle class. I was met with A LOT of people saying I was wrong and just people like me are broke and we need to get better jobs.
Well....here we are.
You are right. By the end of the year many will be low income needing government assistance
I'd like to share the key with you guys, and I hope this is stickied, but I recently changed jobs and my income jumped from 60k after bonuses to the mid 90's, and one thing I didn't do was make more bills to consume that additional income. I have a savings account where I can hide the balance. I have a rough idea what's in it. Once market sentiment changes, I move a chunk of my funds to my investment account. I do this at least twice a year, because that's usually how often markets correct. As your income creeps up, don't acknowledge the additional amount outside of investing it. You'll ultimately be able to use those funds to live a better life.
That is so true! Every year, I increase my pension contributions in line with my salary increase and tried to get my friends to try it. Just pretend there is not more money coming in, makes it easier not to see it
This is how I live my life. When I start making more money I don't spend it. I still live on what I was making 14 years ago + inflation. I can still spend money on unnecessary things I just do that a couple times a year and it has to make sense as a purchase. I see it as treating myself for being frugal. It's the overall lifestyle that eats at your gains. Not one off spending. Just control yourself. I also ignore my gains outside of making sure the bills are paid and fraud isn't occurring. I don't pay attention to my retirement funds. It's going to do what it does as long as I stuff money into it.
@@ssjwes this is the way
My thing is it’s always been designed to be this way. Everyone lives paycheck to paycheck. He lives in the suburbs and pays for the lifestyle he can afford. Which unfortunately means having no money left over after the end of the month. It’s always been this way!
I'm glad you mentioned this video Anton I came across his bottom a month ago on my journey to break into tech and I realize he was red line his income making six figures crazy 🤪
3:30 being a truthful person puts you in charge of changing your outcomes
In terms of clothing for Men.
I don't buy clothes as often so I opened another savings account and named it "Clothing".
Every month, I do monthly automatic transfer of 2.3% of my income to the "Clothing" savings account.
When I need or want to buy clothes, I go buy it when I feel like it (usually within a few months) then transfer money from the "Clothing" account to my "checking" account.
This is actually a good idea. Going to try this!
Just cause you make 130,000 doesn’t mean that that’s what you’re actually needing. Subtract 40% from 130 a year and that’s what you’re actually bringing in.
This video was great for understanding the truth behind people who make six figures a year. Thanks for the content bro🙏🏾❤💯
it's not everybosy's truth
I cringe when I spend $50 eating out lmao
Living paycheck to paycheck in cases like this has more to do with spending inflation and not tracking your expenses than with not earning enough.
What's his TH-cam channel??? It's not in the description box
I am a black 45 yrs old man, that never dated a single woman that didn't had a good reliable well paid job. I remember very well even when I was just 16, 17 yrs old I never dated girls that didn't had money, didn't had at least a part-time job. I kept the same principles growing up, even if you are making millions your women should work, run a business and bringing money in, that's the only way your woman become trustworthy, they stay will you when they have something to lose especially their own money and investments in the relationship. When a woman's money is fully involved in a relationship she will think twice before doing anything stupid that's what life in relationships taught me..
what does this video have to do with your comment? LOL
Well, that's great unless you have children and you don't want strangers raising them.
That's how most b l k men are raised.. to depend on the women in their lives to be the stronger party. If you look through the comments, you will notice that not just this guy but all of them are hyper focused on the woman/wife and not how to improve their situation
@@jamibee1450 exactly! Because she is supposed to take mom's place
@@angelmartin7310 a generation of arrested development, excuses, and victim mentality 🤷♀️ the first step is admitting there's a problem! (And that will NEVER happen unfortunately)
13:55-14:00 he doesn’t make $130k a month, he said a year Anton. I’m correcting you when no one else did
Great show and information.
100,000 you should be golden..Live within your means
That is not enough for a family of four😭Once he said babysitters and young kids...I saw his bank account rolling down
A lot of people work hard I know someone who makes $1,100.00 for the month pay $500.00 in rent, can’t take a vacation they have $600.00 left for the month they have to pay for transportation, food, pay the cellphone they applied for food stamps, received only $20.00 on foodstamps this is a disgrace the struggle is real, it’s unfair
Great video! Thanks, I thought I was doing well at $125k annually, but now in this climate my situation is the same - now I'm shooting for adding another 50-75k annually to have breathing froom and do other things I wanted to do. That's is the govt doesn't completely wipe out the middle class.
Taxation is theft
To be honest, unless your making big money..most couples should have both husband and wife working at some point…
Bro! You’re channel is 🔥 as hell man. Soooo much game 💯
Like I said. In the grander scheme of things.. 100k ain't shit when you calculate taxes and life..I don't know why folks walk around cocky with their head up and looking down on people because they make 100k. 100k is farrrrrrrrrr from being rich
He could of definitely waited to have kids, but probably because he’s into tech, he probably assumed he would be making more later while having kids, and eat out wayy too much
It is not fair to say that he should wait to have kids. You don’t even know how old his wife is. Plus when you get married you wanna have a family. I don’t get it, I thought you in the conservative arena advocate for families and criticize people who wait until they “have enough money to do it” please give me a break. I do agree that they should cut off on eating out. But overall he lives very minimal comparing to people I know makes way less and travel and party all the time with kids and all the expenses they have.
Nah if he lives in Utah and he is a Mormon they are expected to have kids asap. I know because I live there.
@@katkat5871 For sure. Kids deff come first I would say before income planning cause never know what will happen (speaking first hand).
@@katkat5871 Living costs are way too expensive when ppl cannot even have kids & support them adequately. My parents were 25 with 2 kids buying their second home & my mom stayed at home & they were definitely not living paycheck to paycheck.
I would never have kids until I feel I am responsible enough to pay for them. Someone would literally have to sperm jack me and I stopped having s*x.
I live in California making under 55k. I have pets, a mortgage, car etc. there’s 1 adult & 1 child in my house. My only debt is my house & basic living expenses. I put $350 in my retirement before taxes, I also pay our medical & dental before taxes. Living on a minimalist budget I’m able to pay an extra $100 on my mortgage and put $1000 in savings a month. I chunk my mortgage payment at the end of the year to pay off my house. I’ll be mortgage free in 3ys. Budgeting is a mindset. I still go on vacation yearly using my cc points I collect all year buying my basic necessities and paying it off monthly with the money I budgeted for those things. Take on a minimalist lifestyle & mindset, you’ll be surprised what you can accomplish financially.
i haven't even listened to him yet but i feel like the wedding ring says it all.. cuz i make less than half of what he makes and don't live paycheck to paycheck... but i'm not married soooo yeah
I've made plans in this life. Both personal and financial. Things never goes as planned.