4 ms·
I've often suggested this to the chagrin of relatively equally wealthy people (people earning 0.5-2x what I earn) . We're all living the same life, just with di
by maerF0x0 7y ago
I've often suggested this to the chagrin of relatively equally wealthy people (people earning 0.5-2x what I earn) . We're all living the same life, just with different levels of shiny.
One drives a used corolla, the other a new one, the 3rd a lexus (made by toyota still). Each has a house with varying levels of pretty etc.
The 0.01% is living in an existence far removed from us. They dont play games of wondering which car has the lowest TCO or signals a little status etc. Instead they're playing power games and games of access to things that go beyond the ability to pay for them.
- porknubbins 7y agoDifferent levels of shiny perfectly captures how I feel after taking a 66% paycut. Now I mostly buy food at Costco instead of Whole Foods and wear uniqlo. But I’m much happier having more time and less stress. I couldn’t buy a decent 2br house/apt in my big city before, still can’t. Unless you are trying to pay for kids college or something making an extra 100K in a major metro area mostly just raises your taxes.
- dwaltrip 7y agoI'm sorry you received a pay cut, and I'm glad you are happy with more free time. However, making an extra $100k puts an extra $65k in your bank account. It's basic math. Now, psychologically, I can see it being not so clear cut, especially if one lets their standard of living and spending habits rise up as their paycheck increases.
- maerF0x0 7y agoIn SF/Peninsula that's not even enough marginal income to go from renter to home owner. Eg: Single bedroom apartment is ~4k and mortgage on a 1.6M home is almost 12K a month unless you have 350K down payment. IMO the only option in the bay area is FAANG or live as frugal as possible and take the wealth to a lower CoL area. EDIT: or improbably be a highly paid Cofounder / Executive and earn >400K per year.