Rich people rarely tell their kids how much money they make...would you?

[jetlifebih]

if theres ever an ic meet and greet, a couple of you niggas gettin the ski-mask treatment

 

[NothingButTheTruth]

Of course I would tell my kids. I would then give them a back story, and discuss how it affects the present.

 

[leftcoastkev]

$100,000 is far from rich. If I was RICH, I wouldn't tell my kids how much I made. But I'm not rich. Lol. When my son reaches an age to be able to keep the information to himself, I'm gonna sit him down and show him exactly how much I make. And then show him exactly how much our monthly bills are. And teach his ass that shit costs money and that money doesn't grow on trees. And most importantly, since it doesn't grow on trees, he needs to value it and what it can do for him - while still not letting it control his movements.

100k for one person is Very good where ever you live

Move to Silicon Valley. Trust me, it's not.

 

[damobb2deep]

$100,000 is far from rich. If I was RICH, I wouldn't tell my kids how much I made. But I'm not rich. Lol. When my son reaches an age to be able to keep the information to himself, I'm gonna sit him down and show him exactly how much I make. And then show him exactly how much our monthly bills are. And teach his ass that shit costs money and that money doesn't grow on trees. And most importantly, since it doesn't grow on trees, he needs to value it and what it can do for him - while still not letting it control his movements.

100k for one person is Very good where ever you live

Move to Silicon Valley. Trust me, it's not.

if a hundred Racks is not enough wherever you stay you are living above your means

 

[jetlifebih]

As a person who was not taught how to be financially responsible , I will show my kids like my man said previously exactly how much I make once they get a certain age to keep a fuckin secret

 

[leftcoastkev]

$100,000 is far from rich. If I was RICH, I wouldn't tell my kids how much I made. But I'm not rich. Lol. When my son reaches an age to be able to keep the information to himself, I'm gonna sit him down and show him exactly how much I make. And then show him exactly how much our monthly bills are. And teach his ass that shit costs money and that money doesn't grow on trees. And most importantly, since it doesn't grow on trees, he needs to value it and what it can do for him - while still not letting it control his movements.

100k for one person is Very good where ever you live

Move to Silicon Valley. Trust me, it's not.

if a hundred Racks is not enough wherever you stay you are living above your means

Copy / paste from an old post, adjusted for 100k

Take home = 67K (without an IRA, 401K, etc)
http://www.taxformcalculator.com/tax/100000.html

Rent (because you ain't gon own shit on 100K in Silicon Valley) = ~2K a month minimum = 24K - BARE MINIMUM, IM TALKING FUCKED UP CRIB. CAR PORT AND GEESE SHITTING EVERYWHERE.

67K - 24K = 43K left.

43K left / 12mo = 3580 a month left

Car insurance ~$150 or more (we are the car theft capital)

Renters insurance ~ 30 a month

Gas ~ 300 a month

Food and pantry ~ 400-500 a month

Water bill - ~100 a month

PG&E (electric bill) ~150 a month

Cable

Internet ~ 150 a month

Mobile phone ~ 100 a month

Car "note" ~ 350 a month

possible gym membership ~ 50 a month

....so roughly 1850 in recurring bills (I'm being very conservative here).

So yeah...wiith no entertainment, no frills, no clothes, no partying, just paying bills, expect to see $1730 a month. If you put away that 730 for savings you could ball out on 250 a week. At the end of the year, you'd have banked up 8760 out of that 100k.

You could cut corners and get you a metro phone, no cable TV, Slowest internet possible, and eat cheaper shittier food. But I don't think that could be described as living good.

 

[5th Letter]

My parents never told me, so I won't be telling my kids. So basically none of their business.

 

[damobb2deep]

who spends 500 dollars on food for themself? and even a family can get fed for 350.. ain't gotta go to the gym..

btw we was not talking 100k before taxes..

also I'm gucci on damn 1700 for spending money a month..

this is how I stack my money... i try and have all my bills fit into one check for the month.. i stack/spend money out the rest... I'm not a splurging nigga so i only spend no more than a quarter of that.. leaving the other quarter to stack..

if you are living where you are and 100 racks before taxed gets you that... you still stacking 8 racks a year not bad imo... but if you want to stack more... move that simple..

 

[So ILL]

Lol at 100k being rich, I'll just say the house at the end of my street rents for 30k a month

Fuck that neighborhood, nigga.

hell nah..

thats the kinda shit that gets my blood goin. lol

Shit, I'

Nope, my kid ain't about to try and Qawmane Wilson me. If you don't know his story, he's the faggot that had his own mother killed for her insurance money just so he could floss with it. They don't need to know shit except that I'm their father and I care for them.

wow.....my son once told his teacher he didnt need school cause when i die he gonna be paid.

he dont even know he aint getting shit

How old is your son and why is he talking like that? I'd whoop my son's ass.

he too old to be talking like that but he comes from two very different worlds.

i was already told i was way too tough on him when i last checked him for challenging my authority.

as for why hes like that...long story.. hes just very confused and feels entitled.

Sounds like that nigga needs a life test lol.

 

[So ILL]

Lol at 100k being rich, I'll just say the house at the end of my street rents for 30k a month

Fuck that neighborhood, nigga.

hell nah..

thats the kinda shit that gets my blood goin. lol

I hear you, but shit lol.

 

[leftcoastkev]

who spends 500 dollars on food for themself? and even a family can get fed for 350.. ain't gotta go to the gym..

You don't have guests.....

I said Food and Pantry.....toothpaste, toilet tissue, paper towels, soap, deoderant, mouthwash, shaving cream, garbage bags, household shit..it adds up.

Yeah it don't sound like you living good. Honestly, sounds like our standards are different. I'll leave that at that. I'll assume you're trolling but I can fuck off 5 minutes for this......

btw we was not talking 100k before taxes..

Don't try to play me, where was that distinction made as a talking point? Or is this the creation of a straw man argument?

Oh wait.........here's your post

also I'm gucci on damn 1700 for spending money a month..

Player buy Gucci with 1700 a month.

this is how I stack my money... i try and have all my bills fit into one check for the month.. i stack/spend money out the rest... I'm not a splurging nigga so i only spend no more than a quarter of that.. leaving the other quarter to stack..

Yeah that sounds nice and all. Like I said adjust that to Silicon Valley and see how that works out.

if you are living where you are and 100 racks before taxed gets you that... you still stacking 8 racks a year not bad imo... but if you want to stack more... move that simple..

Yeah, that was the point.

8 racks a year? Do you ever plan to own anything? Or do you want to depend solely on loans That'll take forever to pay back to get it? Different standards. Yeah you can survive, but that ain't living good.

 

[Thereal_ba]

Lol at 100k being rich, I'll just say the house at the end of my street rents for 30k a month

Bruh what do you do?

 

[CP203]

Lol at 100k being rich, I'll just say the house at the end of my street rents for 30k a month

Bruh what do you do?

I'm a pilot, but my money was inherited mom left me everything

 

[zzombie]

I know people living nyc of all places and making 100k and they are living real fucking good it all depends on your personal situation

 

[damobb2deep]

who spends 500 dollars on food for themself? and even a family can get fed for 350.. ain't gotta go to the gym..

You don't have guests.....

I said Food and Pantry.....toothpaste, toilet tissue, paper towels, soap, deoderant, mouthwash, shaving cream, garbage bags, household shit..it adds up.

Yeah it don't sound like you living good. Honestly, sounds like our standards are different. I'll leave that at that. I'll assume you're trolling but I can fuck off 5 minutes for this......

btw we was not talking 100k before taxes..

Don't try to play me, where was that distinction made as a talking point? Or is this the creation of a straw man argument?

Oh wait.........here's your post

also I'm gucci on damn 1700 for spending money a month..

Player buy Gucci with 1700 a month.

this is how I stack my money... i try and have all my bills fit into one check for the month.. i stack/spend money out the rest... I'm not a splurging nigga so i only spend no more than a quarter of that.. leaving the other quarter to stack..

Yeah that sounds nice and all. Like I said adjust that to Silicon Valley and see how that works out.

if you are living where you are and 100 racks before taxed gets you that... you still stacking 8 racks a year not bad imo... but if you want to stack more... move that simple..

Yeah, that was the point.

8 racks a year? Do you ever plan to own anything? Or do you want to depend solely on loans That'll take forever to pay back to get it? Different standards. Yeah you can survive, but that ain't living good.

lol I never troll... but like I said before I'm good with that.... and if I wanna stack more... i will move... struggling and 100k should never be in the same sentence...

 

[yellowtapesport]

No.

I actually wouldn't tell anyone.

I hear what yall niggas saying but when it all boils down to it....

Nigga might get a close guesstimate lol but yea I'm keeping that to myself

 

[yellowtapesport]

Lol at 100k being rich, I'll just say the house at the end of my street rents for 30k a month

Bruh what do you do?

... but my money was inherited mom dad left me everything

My son WILL say this one day

 

[CapitalB]

mobb a bum! lol

he's the male version of kat. smmfh

 

[CapitalB]

Lol at 100k being rich, I'll just say the house at the end of my street rents for 30k a month

Bruh what do you do?

... but my money was inherited mom dad left me everything

My son WILL say this one day

thats the spirit..

 

[yellowtapesport]

Lol at 100k being rich, I'll just say the house at the end of my street rents for 30k a month

Bruh what do you do?

... but my money was inherited mom dad left me everything

My son WILL say this one day

thats the spirit..

Lol nigga just motivated me like a 90s Jesse Jackson