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It’s nuts to think a salary of $400k a year won’t get you rich, even in the Bay Area. If they’re not rich, maybe they should check in with a financial advisor b
by barbazoo 2y ago
It’s nuts to think a salary of $400k a year won’t get you rich, even in the Bay Area. If they’re not rich, maybe they should check in with a financial advisor because they’re doing something wrong.
- ldayley 2y agoI agree, but only because I routinely speak with people who make double that and still struggle to pay monthly bills. Short answer: financial outcomes aren't about the number (above a basic threshold), and they’re almost entirely a function of behaviors & (some) luck. Paying more is still a valid form of defense against petty corruption, though.
- linotype 2y agoIf someone paid me $800k per year, I would be retired in three years. You’re right on the behavioral aspect, for sure.
- b112 2y agoWhat often baffles me is the "buy a whole bunch of things on credit", and then get laid off and have not a penny left. I've seen stories of actors in Hollywood banking $15M from a movie, buying all sorts of property with mortgages, boats, cars, all on credit, then losing it all due to default without that next movie. Behaviour indeed.
- 7402 2y ago“Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery” ― Charles Dickens, David Copperfield https://www.goodreads.com/quotes/90487-annual-income-twenty-pounds-annual-expenditure-nineteen-nineteen-and-six https://www.goodreads.com/quotes/90487-annual-income-twenty-...