I was speaking to a co-worker of mine (we're good friends) and we started talking about her husband's business. She tells me that he drives a truck full of cars from Miami to NY and back, and does this every other week. I ask her more about the business (I was genuinely interested) and after working out the numbers, she tells me that he makes about $6,500 every 2 weeks, or $170,000/yr shipping cars. He has been doing this for 10 years now. He could do it every week ( and earn $6,500 per week, but doesn't like being away of the house so often).
Me: Wow, I would have quit working a long time ago, why do you even work? Live the life!
CW: I need to work because we are going to buy a house soon and I need to show income in order to qualify for the mortgage. My husband gets paid mostly in cash, and it's harder to qualify for a loan that way.
Me: Why do you need a loan? Just buy it cash.
CW: You can't buy a good house for cash! Also, we don't have $150,000 cash!
Yeah, I guess after earning $1.7 million in then years, there is no way anyone could save money for a house. Also, since my CW is trying to show high income in order to qualify for the mortgage, she is working about 65-70 hours a week to earn overtime. She also always complains that when she gets home her kids are asleep, and that she barely spends any time with them. The worst part of it all is that she believes that she is doing things the right way, and that the only way to buy this house is to keep working these crazy hours in order to qualify for the mortgage.