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So who else is at Hilton Orlando this week?
Copaaaa!! Team Messi!!! 😍😘😻🙏🏽👄👄👄💃🏽
Layoffs at Walmart corporate 😬😬
Anyone knows about GLG? Gerson Lehrman Group?
I miss when I was an intern and got paid for ORT
Any book recommendations?
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Nope. I’m done. This is enough.
I never thought I’d get to a point where I was making in a month what my single mother made in a year. It’s overwhelming and crazy and if this doesn’t make me feel secure and full-filled, literally nothing will.
I’m now devoting the rest of my life to taking trips with my mom. We made it!
💯 ^^ same! I was elated at $140 (more than my entire family combined…..); at $220 + LTI, I can support every cause I care about, help my family cover gaps, travel wherever I want and treat my loved ones. Life is great!
We’ll make $400K this year in a LCOL area. We have two young kids and I don’t ever worry about money and know that we are very well off. But you definitely get used to whatever you have. And lifestyle creep is so real. We max out our 401ks and save about $2k extra per month. I guess this is what being “rich” feels like, but I don’t feel rich.
That said, I’m also not going around talking about how “hard” it is to survive on $400k or how other people “just don’t get how expensive private schools are.” I’m blessed and thankful.
I feel like because we can never guarantee a great return on investment from private school (kids are all different and who knows how they will turn out regardless), a good quality public school is the way to go. Plus, I want my kids to work for their college tuition, no free ride from us.
My dodo m 1k my um
Yes... I make over 400k combined.. 250k from me and 180k from wife and we seek more.. every extra dollar translates to either a earlier retirement (currently tracking to age 52, and I am 38 now), or it means nicer luxuries (eg nicer car, newer phone (I'm still using a Galaxy S8), etc)
I think you are focusing on income wrong... if you own your own business, there is always a question of business growth and possible new direction, if you are simply employed how do you feel about your career and is there a glass ceiling or a retirement planning requisition (time of life decisions) Of course the pay scale numbers are important, but they are a means to an end....not just money measurements.
We crossed 300k HHI this year. It’s gonna allow us to take more vacations and invest in some real estate projects. My comp after bonus will push up closer to 400k HHI so once we cross that I’ll let you know.
Sure, why not?
Income is not money in the bank, and current income is not perpetual income. Do I need more? No, I need to be able to choose what to work on, and if to work at all.
Wow… I had a delay in my career, and I barely make anything 😩
Graduated 2 years late, took 3 years to start consulting. Been in it for 5 years and at $260 now. Not great but enough to not worry too much.
I graduated during the recession and made 34K starting. I started in consulting 6 years later at 61k.... I'm still under 6 figures in 2022, but great for everyone crushing it :)
Same here- starting salary out of undergrad was ~27K, got to 65k when I entered consulting
Yes. You need at least 600k / yr to feel like you made it in NYC.
This is wild, making $80k and pretty satisfied with life and been able to save a lot and invest. What do y’all plan to do with all that money honestly?
Chief
P+D incomes is plenty for our young family
Rising Star
Need? No.
Want? Yes... but not necessarily enough to change my behavior in order to make more money.
Yes, Bay Area… you know
We’re a family of 4 at 500K plus and our major gain is just getting out of town whenever we want. The dream someday is to own some vacation property which I think we will achieve but it is such a blessing to hit the mountains or the beach on a whim.
HHI of about $500k split pretty evenly between SO and myself. VHCOL.
Realistically I think we’ll need $700k to afford a decent house and raise kids. Depends on inflation if we’ll need more later on but presumably yes.
Taxman takes 1/3
State taxes, NIIT, all that crap. At certain point, there’s not a lot of difference between marginal and effective.
I’m on the opposite side of the coin here. I’m very wealth driven personality wise cause my family was poor and immigrants and back during my startup days, it was all about equity and I just used the base to maintain my lifestyle. Bought a few houses with that money. Now that I’m in consulting, the goal is to get to MD so I just max out my Roth, hsa and 401k and use the rest for lifestyle. Im constantly on the hunt for more money and now I’m thinking MD’s don’t really make enough either so now I’m trying to move back to startup tech. 285k/495k HHI. Not even close to where I want to be.
My partner and I are at $500k/y in LCOL city @ 30 y/o. We have an idea of what we want to do when we retire the corporate world but we need money to finance it. So currently more is always better if it gets us there faster. There is also an optimization exercise between motivation and self discipline. I need to prioritize certain health obligations else I’ll burn out and slow down. So these are all the pieces I consider to move forward. I guess what it boils down to is more money is ideal only if it generates more intrinsic motivation or time.
We’re on $320k HHI. We are definitely comfortable I don’t think we would see a dramatic lifestyle change until our assets pay us that passively. Because at the end of the day you’re still working if your on $1m HHI (also, taxes would take half away). The goal is to not work lol and get paid 320k so we are shooting for $10m net worth
“Be content with your lot; once cannot be first in everything.”
― Aesop
The creed of the mediocre.
If you make a number a goal, that's all you'll get; a little reward.
Make it about the challenge, the experiences, the triumphs, the people you lift along the way, the ones you inspired by not being a content miserable human being.
It takes courage to be successful.
https://www.youtube.com/watch?v=iy7kw1AI_ZI
You're welcome!