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>The way I see it: you're wealthy when you can do, wear or say nearly whatever the fuck you want and not worry about your money/lifestyle going away. That is n
by vparikh 9y ago
>The way I see it: you're wealthy when you can do, wear or say nearly whatever the fuck you want and not worry about your money/lifestyle going away.
That is not the point I was trying to make. The point is, people in that income bracket have an easy time living a good life AND saving.
If you make $250K a year, you are fully capable of being financially independent very quickly. The average family in the US lives on 50K a year. So lets double that - you use 100K a year. That still leaves $150. Lets say your taxes are 50K (20% which is about right) you still have 100k a year in Savings. That is twice the incoming in savings of the average US family. In 10 years you will have 1 million in savings (not to mention the other assets you ave created over the years).
If you can't bring yourself to live on that budget, you really need to take a good deep look at yourself and your priorities in life.
Putting kids in private schools and getting a rent-a-maid are not requirements to a good life.