4 ms·
How did you go from upper middle class to just hanging in there, considering it sounds like you're close to retirement? Lose all your money in a startup? Healt
by VirusNewbie 3y ago
How did you go from upper middle class to just hanging in there, considering it sounds like you're close to retirement? Lose all your money in a startup? Health issues? In my mind, upper middle class has substantial real estate, a plump 401k, and plenty of savings.
- bravetraveler 3y agoPerhaps my pride inflated the self-assessment :) I'm nowhere near that established but also relatively young (mid-30s). Retirement is a solid 20 years away or something, but I'd like to sort a lot of this out beforehand. My sole income is on the higher-than-average side, but not quite on the level of FAANG+benefits; around 170k. It's hard to say exactly, it may vary 10% with some share kickbacks. The cost of things has generally been a squeeze; renting, running costs, etc. It's likely overstated; I more went from lavish not-caring to now having to mind my footing. No change in income or expenditures aside from their cost :/ Inflation has outpaced every raise. The growth of my savings has slowed considerably... I'd like to make my first steps into real estate! Really just as a place to live, not as income. I really need to leave this city; my rent has nearly doubled.
- VirusNewbie 3y agoah, Ok, I see what you mean. Maybe not quite as dramatic of a fall as I was envisioning. Yes if you're renting, that once fat salary can seem just passable. I lucked out by buying when I did, and I was able to do well by renting out an extra room for a while until my income helped me be able to 'afford' the place I was in.