We’re Making $150,000 a Year, So How Can We Be Broke?

From an online group I participate in,

Men, I don’t know how to say this without being embarrassed at the situation that I am in. Straight up I am broke. I work a great job making over 80k a year and my wife makes not to much less than I do. We have three kids and we own a home. I have medical benefits through my employer. Our debt is outrageous, my wife recently wanted to redo the floors in the house so she did, applies for a credit card under my name and is paying the minimum every month, 8 years to pay it. We lease our cars and the payments are crazy high for a luxury car. We both have credit cards that are maxed out, and I got one for work for travel and it ran up for no reason. We live paycheck to paycheck. I have written down all my bills and what we make and seriously there is no wiggle room to save or put more towards bills. I am highly embarrassed to admit it but I need to admit it, the weight off my shoulders to admit it feels great. I’m not looking for answers, I just needed to say this and admit my faults because I did not have anyone to talk to about this and it has been weighing me down for some time. Thank you for hearing me out and I am looking to get out of this rut in order to provide better for my family.

You can be broke at any income level and a lot of people are because they allow their expenses to expand as their income goes up. They think that because they’re making a little money now they’re SUPPOSED to have a nice car, a nice house or all sorts of luxuries.

When he says, “I have written down all my bills and what we make and seriously there is no wiggle room to save or put more towards bills,” that’s not really true. He doesn’t have to lease luxury cars, go into debt to buy furniture and I’m betting he’s living somewhere way too nice for his situation. Show me someone who’s making money and is broke and I will show you someone who has too much house and car for his own good 95% of the time.

If he really wants to get his debt under control, he needs to start ruthlessly cutting expenses. Maybe live on ONE salary while the other is used to pay off debt. Maybe it means selling a big house and moving somewhere cheaper. Maybe it means getting some furniture at estate sales and Goodwill instead of buying top of the line stuff on credit.

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Stuff is great, but at the end of the day, it’s just stuff and there is nothing you are going to own that is going to make you feel better than being debt free.

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John Hawkins
John Hawkins created Rightwingnews.com in 2001; built it up to a top 10,000 in the world website; created a corporation with more than 20 employees to support it; created a 3.5 million person Facebook page; became one of the most popular conservative columnists in America; was published everywhere from National Review to Human Events, to Townhall, to PJ Media, to the Daily Wire, to The Hill; wrote a book 101 Things All Young Adults Should Know that was at one point top 50 in the self-help section on Amazon; did hundreds of hours as a guest on radio shows, raised $611,000 in a GoFundMe for Brett Kavanaugh’s family and has been talked about everywhere from The New York Times to Buzzfeed, to the Washington Post, to Yahoo News, to the Rush Limbaugh Show, to USA Today. After seeing the unjust way that Brett Kavanaugh was treated during his hearings and how a lifetime worth of good work was put at risk by unprovable allegations, John Hawkins decided to create a men’s website. Welcome to Brass Pills!

 

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