150k/yr is bad now

[Anonymous]

Anonymous wrote:I wish I had your problems.

If you threw everyone’s problems in a pile, you’d want your own back.

[Anonymous]

Uh, neither I nor DH make that much individually. Good thing we joined forces, I guess!

[Anonymous]

Anonymous wrote:I make 150k and DH makes 130k. We are happy with that and have a nice lifestyle in a close in suburb. But we bought a house a couple years ago with a 3% interest rate. I would feel very stressed if we were house hunting now.

You’re happy because you make 280 not 150 (and like you said aren’t buying a house in this market). Even buying on 300k/yr is tough now, can’t even imagine 150

[Anonymous]

Anonymous wrote:

Anonymous wrote:Crazy how this income used to be aspirational to me and now I dread the thought of making this much (in my industry it's the average, I am higher but if I lose my current job I could easily fall back down to this level). This sucks... F inflation.

Dread the thought? I make just a bit over that and am happier than a pig in sh¡t. I think your priorities may be screwed up.

NP. Assuming you live in the close-in DMV, or your comment would be totally irrelevant. Do you have kids? How old? What extracurriculars do they do? How are those funded?

[Anonymous]

Anonymous wrote:
Funny how I raised two kids on much less in this area, then! Do you really want to go through life being miserable and feeling deprived? Try to be content with what you have, or hustle to make more.

Past does not apply to present.

[Anonymous]

It’s been bad for a long time.

[Anonymous]

Anonymous wrote:Sorry you are bad at budgeting loser

Even with good budgeting you can’t save more than a few k a month even with extreme frugality. No amount of budgeting makes up for low income when it comes to wealth building.

[Anonymous]

We’re a family of 5 living on 100k. 150k would be great! I’ll admit that life would be tougher if we didn’t have savings from when I worked.

[Anonymous]

Anonymous wrote:I make $50k after 25 years of working. Lifestyle creep never happened because it can't happen living on $50k in DC.
I invested $1000 a month since 2007. You can only imagine how much money it is now. Even $500 a month would be quite good.
I will never know why people, who make a lot more than I do, not have their money make money. Not sure why go for bigger house, car or private school first and then, most never make it to investments.

? do you have kids? Mortgage?

How do you save $1000 per month on $50k per year. Can you breakdown your expenses?

[Anonymous]

Anonymous wrote:

Anonymous wrote:I wish I had your problems.

If you threw everyone’s problems in a pile, you’d want your own back.

ha.. love this. I'm gonna use it on my kids LOL

[Anonymous]

anything under 200k for family of 4 is lower middle class.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I wish I had your problems.

If you threw everyone’s problems in a pile, you’d want your own back.

ha.. love this. I'm gonna use it on my kids LOL

+1. Though that was a brilliant come back.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I wish I had your problems.

If you threw everyone’s problems in a pile, you’d want your own back.

ha.. love this. I'm gonna use it on my kids LOL

+1. Though that was a brilliant come back.

ugh *thought.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I make $50k after 25 years of working. Lifestyle creep never happened because it can't happen living on $50k in DC.
I invested $1000 a month since 2007. You can only imagine how much money it is now. Even $500 a month would be quite good.
I will never know why people, who make a lot more than I do, not have their money make money. Not sure why go for bigger house, car or private school first and then, most never make it to investments.

? do you have kids? Mortgage?

How do you save $1000 per month on $50k per year. Can you breakdown your expenses?

+1, people like this always wind up revealing something like "oh I live in a house I inherited and only have to pay property taxes."

If you have zero generational wealth, some loans from college (even modest ones), and any aspiration of having children, you can't just invest half of your income, even if you keep your housing expenses as low as possible and never go out. It costs money to get started in life, and even a lot of your savings wind up being needed for basic expenses. I remember in my 20s when I was making 50k, I'd have to use savings to pay for things like basic Ikea furniture, work appropriate clothes, a car to get to work, etc. Because most of my income was going straight to rent, food, and paying off my student loans. I'd save what was left over, but it's not like I was amassing a huge amount to invest. I really wasn't able to start investing or have money to play around with in that way until my 30s, and even then, though my income was higher, that money was going to down payment on a house and saving money to have kids.

[Anonymous]

Anonymous wrote:We’re a family of 5 living on 100k. 150k would be great! I’ll admit that life would be tougher if we didn’t have savings from when I worked.

So you aren't living in 100K? You are living on 100K + carryover from last hugger income?