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Mentor
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Hello
Can I pl get help in SQL
Thank you
Dolla dolla billz yo
Chief
Rising Star
Additional Posts in Partner One
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Eh, what the hell, I'll bite.
I've been a MD for about 11 years, HHI ~$550k.
Monthly expenses are $5500 +/-. Of that, the biggest expense is the mortgage at about $2400, then in home daycare at $1250, groceries and food at ~$600-700, then utilities and car insurance/gas eating up the majority of the remainder. Our infrequent vacations add, on average, $1000-2000 to that monthly spend when they happen. There are also sporadic expenses throughout the year like kiddo clothes, birthday/Christmas presents, stuff like that, but those fluctuate quite a bit and aren't part of our normal budget.
Beyond those expenses, pretty much everything else either goes into investments/savings or gets put into my side hustles.
Your expense report is turning me off faster than a car with an empty gas tank.
Mentor
My expenses are very, very spiky. But they probably average $60-$70K / month.
- Private school and summer camp tuitions for kids
- Mortgages for primary and secondary homes
- Vacations
- Nanny
- Typical living expenses (food; utilities, etc)
- All sorts of stuff we end up buying for whatever reason. We have given up all discipline about purchases under $1K, so it adds up.
Household income is around $2M before taxes. 5 years as a partner.
This is exactly what I would look like if I were in a HCOL location or were less disciplined in personal spend. I don’t have a second home and don’t take fancy vacations but have frequently discussed both. This seems quite reasonable, given the high income. Especially if there’s a reasonable expectation that income might increase over time.
11 years as partner . Credit card runs to about $6K monthly on average - maybe another $1K cash expenses . I have a few cash flow positive rental properties - so primary mortgage of about $4500 gets paid through that and I don’t think of it as an expense . Both cars we paid cash - so no loans to pay their . Big expense will be starting next year when kid goes to college . This post made me think about how much the spending has increased annually from before - my best guess is that I was spending probably $4K in credit card and $2500 in mortgage before I made partner
1.2M
I understand the desire to have a better picture of what it looks like so I'm happy to share, not sure why others are negative
Total of about 20-25 per month
HH income of about 1.5m
35, 2nd year as partner
Mortgage for primary and secondary home is ~ 8k (~2m value between the two)
Nanny is ~4k (daycare pre covid was 3500)
2 country clubs + golf expenses in summer is ~3k
Credit card is ~4-5k including all bills
We save about 25% of our base and all of our bonus/equity
Of course
150K house, cars, and related
100k school
100k charity
50k discretionary/other
More or less. Somehow each line item seems reasonable but the total always seems insane. Oh well.
I guess it could have been weekly if it’s not USD. But yes I meant annually. And yes it’s USD.
I live on 10k a month. 1/4th of net. The rest is put into an investment of some sort. Heavily leveraged on investment properties only 10% in the market. Don’t trust it right now.
Annualized, I don’t look at the monthly.