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Monger income
- Thread starter TempAmpBurner69
- Start date
Wow, if you're anything close to average, now I know how guys can do this a couple of times per week. I'm between 40-43k generally, so my stripclub/monger budget for the year is about $1200. Most of that gets spent when I go to spring training in Phoenix.
With that kind of limited budget, I'm obviously very leery of toft situations with the possibility of wasting my limited funds on a non-satisfactory experience.
With that kind of limited budget, I'm obviously very leery of toft situations with the possibility of wasting my limited funds on a non-satisfactory experience.
I make $102k a year. But also about $12k off dividends in the stock market, not sure if that counts. (The irs certainly thinks it does come tax time.) I have very little debt but do have a mortgage, car payment and all other normal expenses that come with owning a house. I limit myself to 1-2 times a month max. Could probably afford more but I personally feel if it’s weekly it stops being a treat and becomes routine but that’s just my take.
Am no going to get involved in directly discussing income, is between me and the feudal lords who tell me to which charity I'm required under penalty of prison to "donate".
What I WILL say is, our financial advisor told us years ago that the typical recommendation for a "hobby" is 5% of net income, up to 10% if you include "entertainment" items also in this category. So example if the only "entertainment" you do/have is hobbying, then your number is 10%, but if you not only hobby but also go to Eagles' games, go to the movies, etc, then your hobby ought to be no more than 5%. For me, I collect slash shoot guns, and I monger, so each of these gets around 5%, for a total spend in this category of 10%, some months if I don't buy a gun or don't go to the range as often, that's more for hobbying, and vice versa, if I want to make a big purchase that month, then hobbying gets a little less. Can do with this as you like.
They say it's not what you make, it's what you keep.
What I WILL say is, our financial advisor told us years ago that the typical recommendation for a "hobby" is 5% of net income, up to 10% if you include "entertainment" items also in this category. So example if the only "entertainment" you do/have is hobbying, then your number is 10%, but if you not only hobby but also go to Eagles' games, go to the movies, etc, then your hobby ought to be no more than 5%. For me, I collect slash shoot guns, and I monger, so each of these gets around 5%, for a total spend in this category of 10%, some months if I don't buy a gun or don't go to the range as often, that's more for hobbying, and vice versa, if I want to make a big purchase that month, then hobbying gets a little less. Can do with this as you like.
They say it's not what you make, it's what you keep.
Well that’s stupid as fuck because if you make nothing, you keep nothing. Sure, a penny saved is a penny earned, but those are just pennies.
Getting to the point where your money can make (enough to play) money is most ideal. That’s when you can really keep because you can play with the interest earned.
Getting to the point where your money can make (enough to play) money is most ideal. That’s when you can really keep because you can play with the interest earned.
Point was that lots of people are much much richer than they think. Lots of people blow 20 bucks a day in lunch then another 30 for dinner and then a 10 college dollar coffee the next morning. And then cry poverty like I have to send more money to the magic charity. If you control budget correctly, can make it easily.
To enjoy this hobby on a regular basis isn't cheap. If you go once a week at $200 a visit, that's $10,400 per year. I often wondered if money was no object, and I had the time, how often would I go. I think 3x a week if you had 3 different good providers lined up would be optimal. So that would be $600 per week, say 50 weeks a year is $30k. That is about double what I currently spend a year. So I would guess most regular mongers spend between $10k-$35k per year on this hobby. There are some outliers on the high-end that spend more than $35k and there are the guys that only go a few times a year when traveling on business or on a golf trip etc. that spend far less then $10k. So I would think you would need an income in excess of $100k minimum and probably a fair amount more if you go a lot or see high-end providers.