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Did Anyone Happen To See This Marketwatch Article?

MY2CENTSWORTH
  |     |   440 posts since 2016

I’m paycheck to paycheck.’ I make $350K a year, but have $88K in student loans, $170K in car loans and a mortgage I pay $4,500 a month on. Do I need professional help? https://finance.yahoo.com/m/b1a05894-517c-30ae-9af0-f56bee1af30d/‘i’m-paycheck-to-paycheck-’-i.html

This was the heading on Yahoo.com. I couldn't read the article because I'm not a subscriber to MarketWatch, but the title was enough to make me shake my head and mumble a few choice words! I worked 50+ years and was never paycheck to paycheck and didn't ever have any income or expenses remotely close to those numbers.

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sams1985
  |     |   781 posts since 2022
This has to be some kind of clickbait and cant possibly be real...
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MY2CENTSWORTH
  |     |   440 posts since 2016
Well, I'm not surprised that there are people like her out there. How do you spell CLUELESS?? They don't think about tomorrow or having a rainy day fund for emergencies. They just live for today. I'm frugal because of my father's stories about the Great Depression that his parents lived through when raising him and my uncle. I was born in 1951 and have always known the value of a dollar and lived within my meager means, but I didn't go without things. I just saved until I knew I could afford the things I needed and wanted and next year I will be 10 years retired and getting the check from Uncle Sam every month. I for one wouldn't want to live like the person in that article.
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sams1985
  |     |   781 posts since 2022
If more people lived like us the economy would probably collapse. I've always lived below my means and refuse to take on debt for anything. In fact, I didn't buy a house until i could afford one without a mortgage. It all paid off and i can now easily and comfortably live off CD income if i wanted to. I would not sleep at night with that kind of debt hovering over me.
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Sardonic
  |     |   34 posts since 2022
That's impressive to have $170K in car loans. Then again, a new Cadillac Escalade can cost between $100k and $150k, so...

To the OP, MY2CENTSWORTH, here's an Archive link so you can read the article. It doesn't have the comments though, which there are 688 of. That article must've went viral, because I've never seen so many comments on a Marketwatch article.

https://archive.ph/KSZA3
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denki
  |     |   159 posts since 2019
No, it's true!

(1) He makes 350K a year, but that 350K is in Japanese Yen, not dollars. So in dollars, he makes US$2,560/yr. Not a bad salary for an algae expert living in the Sahara.

(2) Instead of going to some snobbish Ivy League School, he could have instead received his degree in cow shearing by attending the University of Southern North Dakota (at Hoople!) for $29/yr (though students must supply their own shears).

(3) 170K in car loans? That's because he bought a red 1994 Hyundai Excel. Car cost $600 (with built-in 8-track), but he had $169.4K/yr in mechanic bills.

The sad, sad truth is that poor Mortimer is indeed living paycheck to paycheck. A "Go Fund Me" page will be coming soon...
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111
  |     |   672 posts since 2019
"Instead of going to some snobbish Ivy League School, he could have instead received his degree in cow shearing by attending the University of Southern North Dakota (at Hoople!) for $29/yr (though students must supply their own shears)."

Sorry, man. He could have chowed down on the recent "Yellowstone" binge-fest, and learned all that sh*t for free. No love from here!
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Choice
  |     |   937 posts since 2020
Denki et al …And the $ symbol means?  Loans plural means?
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111
  |     |   672 posts since 2019
Well Choice, as best I can recall from Mrs. Jordan who taught me in the 4th grade, "$" meant "dollars". (In between me throwing spitballs and all...)
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sharon907
  |     |   36 posts since 2022
Anyone can view Marketwatch articles. Or most articles, some are restricted. Use a browser that clears cookies when you close the browser, and you will be able to read them every day.

That article is was featured today on Marketwatch. I do believe it is a true story, or at least there are many people like it.  Marketwatch routinely publishes stories that describe how rich people shop at Dollar General, etc.

Humans need to stop believing that money and status, makes anyone smart.

America is a celebrity culture, and being smart is not a prerequisite to wealth.  The letter writer has two electric vehicles worth $170,000.  Bought with LOANS.

https://www.marketwatch.com/picks/im-paycheck-to-paycheck-i-make-350k-a-year-but-have-88k-in-student...
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111
  |     |   672 posts since 2019
"Or most articles, some are restricted. Use a browser that clears cookies when you close the browser, and you will be able to read them every day."

Or better yet, simply use the “incognito” version of the same browser you currently use and are familiar with. It never creates the cookies in the first place, thus never has to clear them. Same result. Nothing new to learn, easy-peasy.
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sharon907
  |     |   36 posts since 2022
similar result.

but, incognito definitely does use and store cookies at least sometimes, temporarily. otherwise, many sites would not function. couldn't log into accounts, for instance.

much prefer a privacy based browser.
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chaser14
  |     |   61 posts since 2019
Two sayings that left an impression on me when I was much younger:
"Rich people stay rich by living like they're broke. Broke people stay broke by living like they're rich.”
and
“Stop buying things and spending money you don't have to impress people you don't know or even like.”
I learned to save money by watching my parents not save and live well above their means. I never wanted that life. My spouse and I saved between 30 & 50 percent of our gross income every year for 30 years. Retirement is bliss.
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