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How "rich" are you - or not?
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Anonymous
Wow, what kind of physician is he that he makes 500K? |
Anonymous
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Mortgage: None of primary residence, pay $2000/month for investment properties above the income they bring in (one is a house we will remodel and move into in a couple of years)
Home Equity: $600k primary residence, $100k other properties 401Ks: $250k 529s: $70K Cash: $100K brokerage: $30K $6500 2% interest car loan (not worth paying off early), no student loans anymore HHI: $225k this year (varies annually) Age & occupation:Tech and Real Estate, 40 and 34 |
Anonymous
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How much do you have in your 401K (or other retirement accounts)? 250k
How much is your mortgage? 2300 a month What is your household income? 375k how old are you (and spouse)? 34 (me and 32 (DH) What (if any) debt (other than mortgage) are you dealing with? 0 What profession are you and/or spouse in? (A risk-averse) economist and engineer Home equity = 300k Other savings = 100k |
Anonymous
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401K: 700K
529: 50K House Equity: 800K Other investments: 1.8MM Mortgage: 800K HHI: $500K plus stock options and company profit sharing Debt: none Ages: both 41 |
Anonymous
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Mortgage (2.2 M) 17K a month
Retirement 1 million (1.5 last year!) Other retirement about 400K Debt: none Car payment: none College savings 50K Income about 1m ( with bonus) 39 and 38 ages (executive and SAHM) Life insurance 5 m Cash on hand 100K Equity in house about 800K Car equity about 30K |
Anonymous
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How much do you have in your 401K (or other retirement accounts)? 250
Investments/Savings? 400K How much is your mortgage? 1600 a month What is your household income? 200K how old are you (and spouse)? 45 and 46 What (if any) debt (other than mortgage) are you dealing with? 0 (we're frugal) What profession are you and/or spouse in? spouse is currently unemployed but is taking board exams and I am a program manager |
Anonymous
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Is this the rat race?
The rat who wins the rat race is till a rat in the end. There is more to life than a grave stone that says the richest man of the grave yard. I have 2 healthy children. The joy of my life. They keep me busy. We are all in good health. I have definitely lived a good life. I'm an immigrant and I have lived in 3 countries, speak 3 languages fluently, know another 2 fairly well. The world is a very interesting place. I see now how money has distored many things in many of your lives. I do want my kids to succeed, but to not become obsessed with it. Like it would be nice that they would get professions where they love the work that they do, not just look at the salary. Oh, I am poor compared to the rest of you. But I have lived such a full life and seen such different poverty that I do not think I am poor. |
Anonymous
Why do people post about this type of stuff? 
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Anonymous
I like you. You may be the coolest person on DCUM! |
Anonymous
It's the US consumer mentality. Someone I know died suddenly from a brain aneurysm at 32 and although that is rare, it made me think about how precious life is and how it's important to life fully rather than just working to keep up with the Joneses. |
Anonymous
| I am the OP - I did not pose this question to invite competition. I just thought this is one of those things that people don't talk about and since this board is anonymous - we could see what others are doing. From this very limited response - I actually feel good seeing what a wide range of situations people are in and while some are a lot lower in net worth than others - the respondents seem to be posting because they feel secure about how they are handling their personal situation. I think almost all of us would love to have more - esp. when we hear about these few who seemingly have a lot in savings, equity etc. But when someone with a high net-worth posts - why do we have to attack them and assume they are not "happY' or whatever. Can you only be poor and humble and happy? |
Anonymous
| OP agree. We are "wealthy" by empirical/monetary standards. We are also happy, ethical and have a good life. We value our children, friends and faith more than our material wealth. |
Anonymous
| Okay, you are heaven bound and it doesn't hurt that you can more than contribute to the collection plate. |
Anonymous
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Op--
I agree that you can be wealthy and extremely happy. However, I think that in general, the exorbitant salaries you see here come at a price---be it years spent in schooling or working 80 hours a week, current working hours, extensive travel, etc. There are very few people who make 250K plus for working 9-5 from the beginning of their careers. And there are many people who would not give up the 9-5 lifestyle for any amount of money because they value time at home with spouse/kids and time pursuing hobbies to be more important. Ironically, we are one of those families that worked the LONG hours (and my spouse continues to do so) to get where we are now. And we are happy but would have been happier working less! |
Anonymous
| I find it interesting that only the upper middle class or wealthy are posting their stats- seems like a very unscientific sample. A message to the rest of us: save as much as you can but more importantly, focus on the wonderful aspects of your life right now: your health, relationships, comfort and security. It can be off-putting to read all of these posts with large numbers and not feel at least a little bit inadequate if your HHI is 100k with 50k in 401 k (like ours). |