3 ms·
>350k is ... not that much in high cost area like Bay/NYC/Seattle Yeah it really still is. Living in the bay area as a single 20 something making that kind of
by ramesh31 5y ago
>350k is ... not that much in high cost area like Bay/NYC/Seattle
Yeah it really still is. Living in the bay area as a single 20 something making that kind of money you are approaching 1% status. Rent is a little higher sure, but what really is the difference between $2k/month and $4k/month when you're bringing home $20k+/month? And everything else in California besides housing is the same as anywhere else really in terms of cost of living.
- karmasimida 5y agoFor the record. You don't bring 20k+ per months, more like 9k+ after tax/401k contribution. And stock grants are liquid assets, but they are not cash, and most people I know won't exercise them right away, so they are still numbers in certain DB table
- ericd 5y agoEh for those liquidating them, most are turning most into equity in other companies/funds - ie a number in the same sort of DB table, albeit with a different ticker attached.
- kaesar14 5y ago401k contributions are still savings, deduct that (at a max contribution rate that’s like 1.5k) and you’re at 10.5k a month. The bit about stock grants is meaningless, if it’s a public company that is straight cash.