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Are you currently looking for a new position? If so we have a Project Manager position that we are looking to fill. I have included the link to our website so you can review the job description. This position can be remote, but the candidate must understand that there is 80% travel for this position. Please let me know if you are interested in learning more about the opportunity.
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32yo - 245k last year. I used to believe anything above 100k is great. But i think feeling rich is relative like trailing SL, as we go up that bar moves too.
Stop loss?
I got a family of 4 so its gonna be much different if I were single. I'd say between 1-1.5 mill a year. I currently make 205k and i am doing better than most im definitely not a rich guy.
I ask the rich guys for his NBA courtside tickets or tag along with them on their mini yachts.
MBA/DBA/former CFO for 12 years
I think I’d feel “rich” at around $600k but I feel like I’d have to be making that salary for a handful of years before I felt rich.
I’m same age at just over $600k. I feel like we’re done upgrading our life and I feel richer than I did 3 years ago when we were buying all this crap we didn’t need
How is Amazon legal? Surprised by your salary given in house is supposed to be worse than Biglaw but you make more than like all non-partners. Is WLB good? Heard Amazon was biglawesque there
I don’t feel as rich as I would have thought at $250k.
Yeah plus the cost of housing
How does one define “feeling rich”?
Great definition. At HH total comp of about 275k, wife and I can do most of the things we want while maxing out retirement accounts. Probably an extra 100-150k would make us feel “rich”. Adding a kid would probably require an extra 50k a year.
195k passive doing nothing
Making my salary right now but without working I would feel rich
I’ll feel rich when I’m work optional. That has more to do with net worth than earnings. I make a substantial amount but am at least a few million in net worth until I don’t have to work. Until then, I’m not “rich” by my definition.
$250,000 annually would make me feel rich!
@EY... I'm not sure where you live but $250,000 annually is a lot of money to those of us in the Midwest that just want a simple life.
Rich is not about what you earn, especially if it is a salary. It is about how much you have in assets (and hence how much passive income you can generate). People can make millions every year, if they spend it all on futile stuff they will always be race rats compared to a early retired guy with $100k in passive income generated from his assets
Except there is some correlation between what you earn, and how much capital you have to invest / build that net worth (assuming you didn’t inherit anything). So becoming rich, is arguably more likely if you earn a lot, so in that sense it is relevant.
The key point is to maximize the spread between what you earn, and what you spend, such that you have a large enough surplus to build an asset base that can eventually yield a passive income amount sufficient for your lifestyle.
Rich isn’t defined by an annual salary. It’s defined by net worth.
What is a rich net worth in your opinion then?
Rich is your asset base, passive earnings, savings and investments. Our HHI is $700k in a mcol city. What makes me feel secure is my investments. Salary, especially in corporate America, can’t be taken for granted. The more $$ you make, the more you risk layoffs these days. You can be super specialized or a highly experienced generalist. A company will find a way to do without you.
My and my bf combined make about $350k and feeling pretty secure and comfortable. Not rich but I don’t need to show off my money at this point in life. Gonna move into a paid for 3br house I’m set to inherit so not having to pay for housing will let us sock as much into savings as possible in order to retire early.
Rich has nothing to do with earnings. Feeling rich is having more time rather than money. If I made the same 170k a year and worked a few non stressful hours a week. That would be a start. Having time with kids and spouse and being happy. That’s a a rich life.
Anything that would allow me to take home 16k a month as a single man post tax
Rich is relative - there are some days where rich is an experience and other days when rich is money or authority… if measuring in just money, I’d say a salary of $450k would do the trick for me.
$500k and up for me, I think
Rich to me is spending $10k like it was $100 right now (which I don’t stress about). Never going to happen but that level of ”FU money” is what I consider rich. Anything besides that is just the same wage slave experience we all go through.
Without adding to inflation, $500k in the south.
I use to think my salary slightly above 100k would be enough but inflation has really taken a toll on things after the pandemic.
200k passive annual income after tax