Wife and I updated our 2022 financial model of income, stock vests and bonus payments (an exercise we used to do regularly and had neglected to do so far this year) and for the first time our expected taxable annual income crossed $1M for the conservative estimate (she makes more than I do).
Feeling shocked as I don’t think I ever expected us to be people making more than a million a year!! Just the amount of tax we will pay this year is shocking!!

likeupliftingfunny
Posting as :
works at
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You mean WE crossed $1M for this year 🤑

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Does your wife have attractive, financially well off friends? Asking for myself.

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Thanks!!! Lol

Congratulations but that is surprising as I wouldn’t expect your wife to be pulling down so much cash at a private startup

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Man I need a job like that 😂

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Congratulations on making it. Can you share your excel model scrubbed of details? Would love to emulate your success.

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I mean, it might be? The level of diligence you put into your personal modes probably reflects the quality of your work

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Good job. What’s an associate partner?

Hoping the above two can correct me if I’m wrong but I think it’s just a step before Partner at a law firm with Associate meaning Jr in this case.

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What are your career fields?

She is an executive at a DeFi company and I am a management consultant

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Lol nice brag

What tool do you use for projections ?

We use an app called Monarch to track actual expenses. I use the Excel to model out future income, expenses, stock value scenarios, and associated tax liabilities

Important to note that I am not modeling net worth as overall I don’t focus on it (I do keep an eye on retail debt-to-cash ratio and monthly debt service expenses to keep it within limits we are comfortable with). I am primarily modeling annual gross income from all sources, taxable income, tax withholding/payments and monthly cash flows.

likesmart

How did you and your wife meet ?

We met a work (both used to work for the same company)

likeuplifting

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AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH just had to let that out

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