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According to Sam Dogen of the Financial Samurai blog, $350,000 salary is barely enough for a family to live comfortably in coastal cities like New York and San Francisco.

In response to the audacious claim, Alexandria Ocasio-Cortez called B.S.


The 29-year-old congresswoman and champion for the working class took to Twitter and shot Dogen down.

"Struggling" with what? Math?"

Dogen wrote in a CNBC post:

"You can certainly live a middle-class lifestyle earning less, but it won't be easy if your goal is to raise a family, save for your children's education, save for your own home and save for retirement (so you can actually retire by a reasonable age)."

He outlined a budget of expenses based on a family of four in a graph shared by MarketWatch.

Here is a better look at Dogen's illustration of the expenses to which he claimed were vetted by Financial Samurai readers who raise their families in cities like New York, Los Angeles, Boston and San Francisco.

MarketWatch

Dogen added that in addition to accounting for unexpected expenses and monthly bills, the couple would have to continue working past their retirement age because they are not building an after-tax investment portfolio.

"Unfortunately, despite making $350,000 a year, this couple will be unable to retire before 60 because they aren't building an after-tax investment portfolio to generate passive income."
"In order for this couple to achieve financial independence, they need to accumulate a net worth equal to at least 25 times their annual expenses — or 20 times their annual gross income."

He said it would behoove couples wanting to hit their FIRE goal (financial independence, retire early) and living comfortably to move to more affordable areas, eating at home more often, and limiting vacation plans.

Many joined AOC's swipe at Dogen's laughable assertion that $350,000 is a paltry sum for a family to survive on and agreed that the term, "struggling," does not apply here.




The luxury of having options isn't available to everyone.



What are the spending habits of these "struggling" couples?

Inquiring minds want to know.




The U.S. Census Bureau states that the median household family income is $57,782, with San Francisco and New York City showing income at $96,265 and $79,781, respectively.

Does an income of $350,000 being classified as families that are "struggling" to live add up for you?

The book How to Make a Budget Work For You: A 31 Day Guide to creating a personal budget that fits your lifestyle, income and finances is available here. Sorry, don't spend $400 every month at Old Navy is probably not part of the advice.

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If you've ever worked with kids you know that their honesty and lack of filter can sometimes make them cringeworthy - and pretty hilarious.

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September 31

Giphy

One time I was asking students their birthdays. One boy told me that his birthday was September 31st. I tried to explain that this was not possible, but he insisted. Later, I looked it up. I then informed him that his birthday was November 17th.

He looked at me kind of confused and said "ohhhh." Then his face brightened and he said, "Well, last year I KNOW it was September 31st!"

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Jesus

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Without missing a beat the kid next to him says "My mom says I need Jesus."

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Shown Up By A 5th Grader

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Was tutoring after-school a couple years ago. A kid asked "What time is it?"

I joked "Time for you to get a watch."

He responded "Time for you to get a new joke" without a moment's hesitation.

I had to laugh at getting shown up by a 5th grader. Two reading levels behind but witty as hell.

- Garlic_And_Sapphires

Jogathon

I had a student who was a newcomer (just moved to the US, almost no English) from Latvia. This kid is very bright and was one of my favorite 6th graders ever. We were having our annual jogathon, which is linguistically and culturally not translatable from Latvian.

Student: "So I pay you and you make me run?"

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Student: "This is simple. I don't pay you, you don't make me run."

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Rosa

Middle school field trip to a different state. One of the chaperones (a large black woman) wanted to get in a little nap in the back seat of the bus, so she made one of the students move to a seat in the front that was far from his friends. He got in the seat and started sulking. He was normally a pretty lively kid, so I leaned forward and asked what happened.

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- almost_queen

The Moon

Giphy

I teach sophomores. One day, this girl was sitting at her desk, looking very concerned, and obviously wanted to ask me something. Finally, she blurted out, "Did anybody else see the moon in the sky during lunch? It's supposed to be out at night, something is wrong!"

- cubfanbybirth

Physically

Teacher to student: "Were you in class yesterday?"

Student, sounding more lost than anything and probably answering too honestly: "Physically... ?"

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The Ladies

First grade. 6 yr. old lil dude about 3 ft. tall and 80 lbs. walks in late from recess.

Me - "Why are you late?"

Kid - grabs his hunk of belly with both hands like a ball of cream cheese and says "The ladies love this!"

Sits down like nothing happen with no smile.

- BoBoShaws

Synchronized

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He asked me "If a synchronized swimmer starts drowning, do they all start drowning?"

I lost it in class.

- bunsenbernerr

It's A Miracle

I teach high school, and one of my sophomores referred to merry-go-rounds as "miracle rounds". He legit thought that's what they were called 😂😂 I corrected him and he refused to believe me lol.

- royalredhead

The Pizza Guy

I was sharing information about math in art to my students (they're about 13 years old) and mentioned Leonardo da Vinci. A student said: "The pizza guy?"

I was confused, but later she said, "See! The pizza party!"

We were looking at The Last Supper.

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Astronomy

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"I thought Astronomy would be easy because I know all about it but he hasn't even brought up horoscopes yet and we're 6 weeks in."

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Budget Cuts

I teach band. One day I'm working with the high school jazz band and we're going to start mapping out some basic compositions. I pass out blank sheet music for them to use, which is simply blank 5-line staves with no notes, no symbols, etc.

One kid gets his sheet music expecting it to be a new song we're going to work on, sees that it's blank, looks up and says "Wow, budget cuts must've hit us hard, huh?"

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Life Choices

Math prof. I finished a proof and to check understanding, I asked "does everyone understand my choices?" One of my favorite students ever piped up and said "Are we talking about your proof or how you've chosen to live your life?"

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Before

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Wore a Captain America shirt to school since the student council had a super hero day. A student said I looked like Captain America - before the super soldier injections.

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