Comments on: A Friendly Chat With a Rich Person (Household Income: $360,000)

By: albertross

albertross — Sun, 16 Jun 2013 20:32:48 +0000

@That_Rich_Person Even if you file jointly, the student loan interest deduction phases out from an MAGI of 125k-155k. I can’t imagine how you’d get down there from 360k, but if you did in a legal way, good job!

By: quayson90

quayson90 — Sat, 15 Jun 2013 12:39:24 +0000

hello am elizabeth quayson am in ghana am a costemtology student am 23 i need a rich man who is ready to get married this is my id quayson80@yahoo.com this is my phone number number +233207884579

By: @fo

@fo — Fri, 03 May 2013 17:40:45 +0000

@boringbunny “Haunt” is a little strong for me, BUT I definitely get where you’re coming from. We’re ~10 years along from this post, have a couple kids, etc, etc, and I’m *defintely* still looking at price tags, even at Old Navy.

What I *REALLY* don’t get is all the people in this series who buy furniture at Room & Board and act like it’s no.big.deal. R&B furniture is ‘spensive. *Every* rug in our house is from Ikea. *Every* bookcase in our house is Ikea/costco/yard sale.

By: boringbunny

boringbunny — Wed, 24 Apr 2013 18:29:31 +0000

This article still haunts me. My bf and I make roughly the same income as the couple here with slightly more debt and we do not spend this kind of money at all. We have average apartments furnished by Ikea for Craigslist and Target sheets and we both drive reasonable old cars. It might just be that we live in an expensive metro and don’t live together but wow – just night and day.

By: @fo

@fo — Thu, 18 Apr 2013 22:07:27 +0000

@Andy Domonkos@facebook “somehow they get over 200,000$ in combined personal loans? Umm, no.”

Been living in a cave, Andy?

There are plenty of *individuals* who get $200k in loans for law school (ie, one 3-year degree, not 4 totaling 11 or 12 years), without a co-sign. The reason is the (virtual) non-dischargeability of student loan debt in bankruptcy.

By: Andy Domonkos@facebook

Andy Domonkos@facebook — Wed, 06 Mar 2013 22:07:36 +0000

So wait…I must be missing something here. They both come from lower income backgrounds, with poor parents struggling to make ends meet, yet somehow they get over 200,000$ in combined personal loans? Umm, no. You need cosigners, people with money, or have a really good job already and excellent credit. Try doing this with Starbucks tips right out of high school like actual people who don’t have high paying jobs lined up. Either they had a line in somewhere through relatives or friends or their parents were actually making pretty decent money and cosigning a ton of loans for their “hard-knock” children. I call bullshit on this rags-to-riches story…

By: Daniel B

Daniel B — Tue, 05 Mar 2013 19:57:00 +0000

@That_Rich_Person Student Loan interest is not deductable at their tax level. Heck, it is not even deductable at 1/3 their income level.

By: chevyvan

chevyvan — Wed, 27 Feb 2013 22:21:40 +0000

@MaxBraverman Ha! Yes, my friend from back home and I had a discussion recently that we were so proud of ourselves that we could finally shop at The Gap instead of Old Navy (but I still try to stick to sale and clearance items with the occasional full-priced splurge).

@WaityKatie My dad was a salesman at Sears and our family got an employee discount, so I – like you – was cool and popular decked out in my Sears clothes year after year.

By: lisap14

lisap14 — Fri, 22 Feb 2013 17:02:46 +0000

For some people the 80-100 hours a week might make the money worth it, but not me. I would rather my husband make only $50,000 a year so I could see him once in awhile!

By: Fig. 1

Fig. 1 — Tue, 19 Feb 2013 19:29:41 +0000

@stuffisthings Ooh, thanks. I forgot about Ehrenreich, and that Chavs book looks like it’ll be right up my alley. To the library!