Quote Originally Posted by IBleedYellow View Post
He made 2.5M in that time. He's set for life most likely.

Hope to see him back on his feet somewhere.
Why do people think just because in a few years a person makes a large sum of money. Saul in this case or Kyle Emmual they can be set up life?


In Saul's case. Made $2.5 million. Living in Ohio with state and federal taxes he nets $250k a year. House, young kids, etc. If he saved $250k he did well. When you make $500k, you have a $500k lifestyle.

Watch the movie Margin Call, set along the lines of the lehman brothers collapse. Employee was making $1.4 million a year. Young analysts at the firm thought he was rich and saved a pile of money and could survive the fall.

He goes on to explain, after taxes, housing, clothes, helping his parents and $78k of miscellanous expenses, which were mostly hookers, booze and blow, there isn't much left.

Not that I would expect Saul or Kyle Emmanual to be broke. But i would venture they will work because they have to.