Skip to main content

View Diary: Pete Peterson Group: "$250k a Year Is Not Easy Street" (317 comments)

Comment Preferences

  •  "Doctor's Wife Syndrome". Or Doctor's Husband... (14+ / 0-)

    as the case may be. I've heard a certain on-air financial talk show guy use that phrase to describe the starry-eyed state of those recently arrived in big salary land. They think $200 k or so is infinite, when it most certainly is not. You can't live like Donald Trump on it, but a lot of people seem to get in trouble when they try to for a while.

    I could tell you about a guy who ran through 20 million dollars (1970s dollars, at that!) in about 4 years and ended up 2 mil in the hole to the IRS to boot at the end of the spree.

    It's not so much the income, as the outgo relative to it. Should be obvious, but it's surprising how often it's not.

    Moderation in most things.

    by billmosby on Tue Jul 05, 2011 at 02:59:28 PM PDT

    [ Parent ]

    •  And here I am, (11+ / 0-)

      thinking about how, if I won the lottery (which I won't because I never buy a ticket), I would write checks to several animal shelters, buy a new car — whatever gets the best gas mileage — and get our building's fire escape repaired. I don't need vacations in Cancun.

      Oh yes — and write a maximum donation check to Sherrod Brown. And the next time I get a postage-paid mailer from the DSCC, I'll mail it back with what I wrote to them today — no dice, suckers — and tell them i won the lottery. Heck, maybe I'll even spring for a stamp.

      Jennifer Brunner for Governor of Ohio 2014

      by anastasia p on Tue Jul 05, 2011 at 03:18:16 PM PDT

      [ Parent ]

      •  My lotto experiment: (6+ / 0-)

        I put $500 a year into it for 3 years to see what would happen. I won "bugger all", to borrow a phrase for "nothing" from Monty Python. I did win $20 on a scratchoff ticket I got as a birthday present during the experimental period, but the one who gave it to me dropped a 20 in the store when we went to claim the prize and never found it, so I gave my winnings to her.

        Final score: me, out $1500. Her, out 1$ for the cost of the scratchoff. Lottery, big winner. lol.

        Moderation in most things.

        by billmosby on Tue Jul 05, 2011 at 03:30:23 PM PDT

        [ Parent ]

        •  My mother gave us lottery tickets (6+ / 0-)

          For my 50th birthday, my mother gave us 50 Washington state lottery tickets. She had sent the money to Charles with instructions and had him purchase them. This is something she does on big milestone birthdays; she did this when Aunt Deedee turned 100, too, giving her 100 California lottery tickets.

          I don't know about Aunt Deedee, but we didn't win a dime.

          Organ donors save multiple lives! A donor's kidney gave me my life back on 02/18/11; he lives on in me and in others. Please talk with your family about your wish to donate and sign up to give others the gift of life.

          by Kitsap River on Tue Jul 05, 2011 at 04:36:47 PM PDT

          [ Parent ]

        •  The Lottery: (3+ / 0-)
          Recommended by:
          billmosby, chimpy, chicagobleu

          A tax for people who can't do math.  :)

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site