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My life’s freaking awesome tbh
Spoken like a true bootlicker! Enjoy working all your life
I made $355k last year. It was aight. Could use more
Mo money, money problems.
No amount of money is enough. $300k combined household income and I’m confident that, if I can just make 4x more, then I’ll really be happy.
This used to be us and now we make 4x more. We are happier, but not 4x happier.
Earn six figures but live like you earn mid five figures.
AD1 - care to share any recipes? Sounds a little limited and I've found fresh produce to be pricier than I would like. Looking g to eat healthier and cheaper thoufh!
I make 135k total comp and not even close to what I imagined it would be honestly.
Unless you're in a HCOL area or trying to FIRE, not feeling comfortable at over $100k salary is a lifestyle problem
Maybe if you’re single with no kids
Exactly- I make 6 figures and it isn’t anything anymore. A decade ago I thought once I hit 100k I would be comfortable- nope.
Nope. I think inflation is the biggest reason.
Even 5 years ago it would have been more than enough, a house and a kid later… doesn’t even pay all the bills.
It depends what kind of six figures you're earning. I'm at $250k TC and very comfortable living in LA, but if I was back near $100k, it would be rough.
It's not FU money by any means. Once you hit $200k or so, life is exactly the same up through high six figures. Life is comfortable, and the house gets nicer, but you are still flying commercial and having to make choices as to where the money goes.
Once savings gets up into the mulit-millions, you can live truly worry-free or decide to retire early and have exactly the same income or better, but you have to make sacrifices to get there.
Don't get me wrong, I like life today making $350k a year, but we aren't objectively any happier than when I was making $150k, nor am I any happier as an individual than I was when I was single making $75k a year.
Once you get over the inflated ego associated with buying a Merc or BMW, you come to realize that a Ford gets you to places just the same.
$320k income here plus another $50k on the side, living on less than $100k/yr. I feel like I have what I want already. Save one paycheck, spend one paycheck mentality (per 2 paycheck month). Quite happy and on track to retire early.
We’re not struggling by any means, but between lifestyle creep and goals to retire early, it always feels like we could use more money.
I’m 6 months in and my mind is blown.
Inflation has basically taken most of the increase I’d hoped to see after taxes.
Also, most of my friends who earn 6 figures have a business/hobby turned business that supplements income removed by taxes, inflation ect. It’s an interesting time to be alive and adulting.
Our HHI is $620k in MCOL but we live in a very nice area within. The high paying jobs are stressful. Balancing young kids is a challenge. No free time. But we have no money problems. Can afford anything we want to buy or do.
Yes, 💯 worth it.
1) lesser paying jobs are not guaranteed to have less stress. I could have quit entirely, but I would be bored as a stay at home parent. I enjoy my job even if it’s stressful.
2) Financial problems are some of the most stressful type of problems. High earners have worries, at least they don’t worry about finances.
3) Lots of options with more money. We can retire early. We can take a break from work and travel. My spouse took a few years off from work. We have investments on behalf of our kids so they don’t need to work as hard. They will have an established income stream as adults. Nothing is given though, they need to prove themselves as responsible.
I was able to reach 7 figures a few years back. No financial burden, not having to worry about saving for retirement and kids’ education is definitely a plus, but I am not sure I am any happier than when I was making a quarter or half of that. There are still issues/challenges in life that money can’t address.
Yes! One problem money can’t address is family issues. Family is more important than money, always
My first job out of undergrad I was making 60k. This is in 2014. I genuinely thought that if I tripled this by the time I retired, I would be set for life.
10 years later, I now make 210k base and I can’t believe how quickly lifestyle creeps up. Admittedly, I now have a house, a grad school loan and a family, but I did not think I would find myself wanting even more now that I broke the 200 barrier.
Yup. First job out of college was 55k in ‘04. So be right around 500 this year. It’s obviously more, but doesn’t feel remotely as big as I’d expect.
Most people tend to spend more when they make more. I do not make six figures as an educator, but I enjoy what I do and live comfortably. My husband use to make that six figure salary in tech, and he hated it. When he tried to quit, they just offered more money. Now he’s working from home on his own schedule in finance, and we still live comfortably with a “less is more” mantra. All that money is over rated.
I was equally happy at $50k as I am now at many times more than that. I just have nicer stuff now that I don’t really need.
Are you a senior director and not making six figures??
Making 12x more than I was starting out, but feel just as strained financially. More responsibility with a family, lifestyle creep, and inflation are a b*tch!