wvugurl26
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Post by wvugurl26 on Aug 4, 2019 11:44:41 GMT -5
I think most people are viewing it as a permanent life changer. While an extra $30k after taxes would be nice, it's not nearly enough to get me a house where I want or anything like that.
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vonna
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Post by vonna on Aug 4, 2019 12:18:13 GMT -5
My life changing money came in the form of a pension. Even though the pension is less than I made while active duty and didn't allow me to increase my standard of living, work became optional. Huge increase in quality of life.
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thyme4change
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Post by thyme4change on Aug 4, 2019 12:29:44 GMT -5
but when you say that 500k wouldn't really change your life much, that is depressing!!! because the bonus fairy isn't dropping 500k on any of us! Maybe we are all being a little too cynical.I think any little amount does make a difference! what does life changing even mean? I can change my life with $50. Go out for a nice meal instead of cooking again. Life. Changed. I was wondering if it was that, or thinking I maybe just have very simple tastes. Lol. Although I think it has more to do with income brackets. When I made $40k and made that first jump to $70k -- that was definitely a game changer. I think it is a continuum - a little money changes your life a little, a lot of money changes your life a lot. (Little and lot are relative to how much money you have.) So, would I take on a more demanding job with a long commute for a little - no. But maybe I would do it for a lot. Like, maybe I would work insane for 5 years for double what I make now, and be able to retire after that. But I probably wouldn't get a daily beating for an extra 50 bucks.
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Rukh O'Rorke
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Post by Rukh O'Rorke on Aug 4, 2019 13:33:41 GMT -5
but when you say that 500k wouldn't really change your life much, that is depressing!!! because the bonus fairy isn't dropping 500k on any of us! Maybe we are all being a little too cynical.I think any little amount does make a difference! what does life changing even mean? I can change my life with $50. Go out for a nice meal instead of cooking again. Life. Changed. I was wondering if it was that, or thinking I maybe just have very simple tastes. Lol. Although I think it has more to do with income brackets. When I made $40k and made that first jump to $70k -- that was definitely a game changer. Also - the higher your income, the higher percent of the bump goes to taxes. I thought I would be rolling in the dough at my new job. But between the taxes and the student loan payments, I'm about in the same boat. But I sure feel better about it! I am hoping that I do get raises at the new gig. They did have about a 3% raise a few months after I started, but I didn't get any because I was too recent a hire. Now there is a budget short fall, so not sure about raises for this year. That sheet just fallows me around. Am I a fiscal Jonah/Typhoid Mary, or what??
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❤ mollymouser ❤
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Post by ❤ mollymouser ❤ on Aug 4, 2019 17:48:13 GMT -5
If each of you could just send me $1,000 I will let you know just as soon as my life has changed.
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nidena
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Post by nidena on Aug 4, 2019 20:46:15 GMT -5
My life changing money came in the form of a pension. Even though the pension is less than I made while active duty and didn't allow me to increase my standard of living, work became optional. Huge increase in quality of life. This is where I am too. Pension was nice; adding the disability REALLY helped.
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LlamaLlamaDuck
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Post by LlamaLlamaDuck on Aug 5, 2019 21:34:00 GMT -5
After my parents' estate is settled, each of us will receive an inheritance totaling around $90k. For the older siblings, this amount may push them over the line so they can finally retire. The younger sibs can pay off debts or at least, finally feel secure. All life-changing, in my opinion.
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HoneyBBQ
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Post by HoneyBBQ on Aug 7, 2019 11:22:44 GMT -5
I think most people are viewing it as a permanent life changer. While an extra $30k after taxes would be nice, it's not nearly enough to get me a house where I want or anything like that. Agreed. This is all very personal and depends on your own prospective. 30k a year is in the noise for me at this point in my life and career; 30k a year might be doubling another's salary and change their life completely. We inherited 500k and just went: ok, and put it in the bank. My in-laws also inherited 500k and they retired. So... it just depends on where you are. For me, 2MM or more would be life changing- as in, I'd retire immediately.
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jelloshots4all
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Post by jelloshots4all on Aug 7, 2019 18:50:27 GMT -5
I had a "time in my life" changing money 5 years ago. I worked my tail off for the sale of my company and my bonus was over $100k. I used half to redo the outside of my home, siding, landscaping, new concrete for the driveway, patio, refi my house to remove PMI, new HVAC, etc. And a really nice family vacay. The other half I used to buy stock in my new company.
Love work done on my house! The company stock has split and made 50% in 4 years. I know I am blessed.
I have some "snow flake" money coming in right now. Not life changing, but using it to up my investments. My kids college funds are basically fully funded even though I have told them I will only contribute the 1st 2 yrs. My parents were kind enough to start them with their small inheritance at $10k each, and I have been putting $50 a week in each.
We have all of our needs met, and almost all of our wants met that I can cash flow and max 401k, plus other investment savings.
$2.5M would be life changing with my current savings/retirement.
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Rukh O'Rorke
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Post by Rukh O'Rorke on Aug 10, 2019 16:20:30 GMT -5
After my parents' estate is settled, each of us will receive an inheritance totaling around $90k. For the older siblings, this amount may push them over the line so they can finally retire. The younger sibs can pay off debts or at least, finally feel secure. All life-changing, in my opinion. How many are there??? Age range? Seems like a lot/totally different stages of life.
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LlamaLlamaDuck
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Post by LlamaLlamaDuck on Aug 11, 2019 10:53:55 GMT -5
After my parents' estate is settled, each of us will receive an inheritance totaling around $90k. For the older siblings, this amount may push them over the line so they can finally retire. The younger sibs can pay off debts or at least, finally feel secure. All life-changing, in my opinion. How many are there Age range? Seems like a lot/totally different stages of life. More than 9 and fewer than 11, ages ranging from mid-50s to mid-60s.
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NastyWoman
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Post by NastyWoman on Aug 11, 2019 11:12:24 GMT -5
How many are there Age range? Seems like a lot/totally different stages of life. More than 9 and fewer than 11, ages ranging from mid-50s to mid-60s. LOL. while I come from a somewhat smaller family I like more than 6 fewer than 8 approach. Our ages are more diverse though as we cover an additional decade to reach into the mid-70s (lower range still applies)
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NoNamePerson
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Post by NoNamePerson on Aug 11, 2019 11:41:41 GMT -5
More than 9 and fewer than 11, ages ranging from mid-50s to mid-60s. LOL. while I come from a somewhat smaller family I like more than 6 fewer than 8 approach. Our ages are more diverse though as we cover an additional decade to reach into the mid-70s (lower range still applies) I'm an only child of an only child and I have an only child who has no children. Sure cuts down on the drama I really don't envy pEEps going thru all this stuff - makes my head hurt but I know people don't envy me not having much if any family! So I guess it is even!
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LlamaLlamaDuck
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Post by LlamaLlamaDuck on Aug 11, 2019 12:14:31 GMT -5
LOL. while I come from a somewhat smaller family I like more than 6 fewer than 8 approach. Our ages are more diverse though as we cover an additional decade to reach into the mid-70s (lower range still applies) I'm an only child of an only child and I have an only child who has no children. Sure cuts down on the drama I really don't envy pEEps going thru all this stuff - makes my head hurt but I know people don't envy me not having much if any family! So I guess it is even! We have had no drama so far, probably because we were surprised to learn that there would be any inheritance at all. Dad always presented himself as a pauper, turns out he was worth almost a million.
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NastyWoman
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Post by NastyWoman on Aug 11, 2019 12:15:10 GMT -5
NoNamePerson, no drama for me. With the very rare exception all more than 6, less than 8 of us get along fabulously. If one of us gets their knickers in a knot it just tends to blow over in a few weeks. All in all I believe I have the perfect number of siblings for minimal drama and naximum fun - though To be fair I would not have said that while growing up
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