I just read an article on a family that is pulling in $150,000 per year but is living paycheck to paycheck and struggling to make ends meet? What?
I am sorry but this is the most ridiculous thing I have heard. They are now making $150,000 AFTER the husband got laid off from his $82,000 a year job. This article has me really upset because I really cannot see how they are spending the money they make every month.
Why is it such big problem to make the decision about the rental properties. Yes…..properties…they have two!! Simple decision…sell one and see how that goes. Then you still have the other one to attempt to get some rent out of in the future.
Or how about this…try lowering your price. Obviously no one is renting it because they do not see the value as being equal to the asking price. I would rather get ‘half of less than all of nothing’.
As for the horse….I am sure you can entertain the girls without having the current horse….and without thinking about getting a second horse.
These people do not have credit card debt? How many of us would love to be able to say this! So what ARE they spending the money on?
The wife mentions that they cut out the gourmet coffee and they are thinking of cutting the $3 a month private phone. I am sorry but I do not think that is the cause of your ‘living pay check to pay check’.
Where is the big money going?
What do they drive? How much gas? What is their electric bill like? Vacations? These are the questions that are not answered and this is where the big money lies.