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Depends where you live. Also (as you state) it depends on your spending habits. $100K in Fargo is a lot different than $100K in Manhattan. If the Millionaire
by pragmatic 16y ago
Depends where you live. Also (as you state) it depends on your spending habits. $100K in Fargo is a lot different than $100K in Manhattan.
If the Millionaire Next Store is correct, you're likely to spend more if you live in a nice neighborhood (keeping up with the Joneses).
I notice this myself. A coworker who lives in very nice neighborhood has a BMW. I drive a 14 yead old vehicle and live in a "down scale" neighborhood. So our roughly equivalent salary is going to seem much different to him (money is tight) vs me (lots of disposable income).