Anyone here making well into the 7 figures range?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Mid 30’s, recently accepted an offer from OpenAI in DC

420k base
100k sign on bonus
15% bonus
$8M equity/vesting over 4 years

So about $2.5M/year. PhD in CS currently working at FAANG in this area with a 550k tc.

What level is this? Director? That’s VP level comp at FAANG

Research scientist. Yeah I know it’s a crazy offer but this is the industry right now so I’m taking advantage

Good for you!! I would do the same! Congrats

[Anonymous]

Anonymous wrote:My husband makes around $7M, i make about 2% of that.

"Regular" $1.2M house, kids in public school and park district day camp for the summer. Cleaning lady once a week. Have a small, outdated ski condo that we bought 15+ years ago together with my brothers family. Holidays are normal. We visit family or they visit us.

Why do you still work - to keep busy? As a divorce hedge? Love what you do?

[Anonymous]

Anonymous wrote:

Anonymous wrote:My husband makes around $7M, i make about 2% of that.

"Regular" $1.2M house, kids in public school and park district day camp for the summer. Cleaning lady once a week. Have a small, outdated ski condo that we bought 15+ years ago together with my brothers family. Holidays are normal. We visit family or they visit us.

Why do you still work - to keep busy? As a divorce hedge? Love what you do?

I love what I do and I work 8-4 so can easily make the kids after school activities, summer camp pick up, etc.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Mid 30’s, recently accepted an offer from OpenAI in DC

420k base
100k sign on bonus
15% bonus
$8M equity/vesting over 4 years

So about $2.5M/year. PhD in CS currently working at FAANG in this area with a 550k tc.

What level is this? Director? That’s VP level comp at FAANG

Research scientist. Yeah I know it’s a crazy offer but this is the industry right now so I’m taking advantage

Yeah research offers from AI labs are so high right now. Congrats on getting the job!

[Anonymous]

Anonymous wrote:Mid 30’s, recently accepted an offer from OpenAI in DC

420k base
100k sign on bonus
15% bonus
$8M equity/vesting over 4 years

So about $2.5M/year. PhD in CS currently working at FAANG in this area with a 550k tc.

lololol!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you make mid to high 7 figures, say anywhere from 4 to 9 million hhi, what is your lifestyle like? Do you have staff? Huge luxury home? Kids in private school? What are your holidays like? How much do you save/invest each year? What do you do for work? The reason I ask is because my business is taking off and I should be entering that range of income by this year or next year.

We have a wealth manager and tax planner (one stop advisory shop) and just hand it off and are given an allowance that we spend entirely. There comes a point in time where managing money becomes a job in and of its self. Our "allowance" is 20K/mo. The rest is invested/tax optimized.

Staff? No. we have weekly housecleaners and landscapers since we have ZERO desire to do yard work
Home is 3000sq feet and well designed, quality finishes and very comfortable, along with a large private yard that is professionally landscaped.
One kid in UVA and one kid in public school with his frinds he has had since he was in elementary school (have not moved since 2010)
Hate traveling for Christmas-everywhere is too crowded. We do one 2 week international vacation each august. College kid plays an NCAA sport and HS kid plays a travel sport. Our "vacations" are often in shitty towns standing on a shitty field, staying in a Hilton Garden Inn. Or they are in different college towns that can actually be a lot of fun! For work DH works at a IT company as an executive and I work PT in healthcare.

I believed this but not the Christmas thing. It's true that the airports are crowded, and wherever you go will be full. But there are a zillion secluded lovely places to go.

with two very active sons, one age 19 and the other 16, staying somewhere secluded is not on the Christmas bingo card. They like to do things that other young men like doing and that brings us out iof seclusion and into gen pop. The airport is the least of my concerns. a busy airport doesn’t bother me. However being in a traffic jam while on a safari does
bother me.

No idea what this means unless you’re referring to a budget East Africa safari but try a luxury reserve or conservancy next time. Sightings are capped to 2 vehicles and we rarely see others while driving around. It’s extremely secluded regardless if we’re there during peak or not (which is totally different from Christmas time BTW).

BTDT, it’s like a gigantic zoo.

Ol Pejeta, Maasai Mara and Serengeti National Park.

You do realize there’s a difference between accommodations and then the national Parks, no?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you make mid to high 7 figures, say anywhere from 4 to 9 million hhi, what is your lifestyle like? Do you have staff? Huge luxury home? Kids in private school? What are your holidays like? How much do you save/invest each year? What do you do for work? The reason I ask is because my business is taking off and I should be entering that range of income by this year or next year.

We have a wealth manager and tax planner (one stop advisory shop) and just hand it off and are given an allowance that we spend entirely. There comes a point in time where managing money becomes a job in and of its self. Our "allowance" is 20K/mo. The rest is invested/tax optimized.

Staff? No. we have weekly housecleaners and landscapers since we have ZERO desire to do yard work
Home is 3000sq feet and well designed, quality finishes and very comfortable, along with a large private yard that is professionally landscaped.
One kid in UVA and one kid in public school with his frinds he has had since he was in elementary school (have not moved since 2010)
Hate traveling for Christmas-everywhere is too crowded. We do one 2 week international vacation each august. College kid plays an NCAA sport and HS kid plays a travel sport. Our "vacations" are often in shitty towns standing on a shitty field, staying in a Hilton Garden Inn. Or they are in different college towns that can actually be a lot of fun! For work DH works at a IT company as an executive and I work PT in healthcare.

What is your hhi and why are you so damn cheap? Whats the point of the money if you choose to stay in shitty places?

lololol? because we stay with the team. I’m guessing your kids don’t play sports? I’m not exactly going to head to the DE Turf fields and drive an hour in beach traffic to stay at The Bellmoor. IYKYK

why is my HHI of your concern? i’ve given you my monthly operating budget and we definitely blow through every penny of it..which includes many a nights at Hilton Garden Inn(which is a lucky upgrade from some of the room blocks the team gets). Many parents in our kids team have buckets of money and we all slum it when on the circuit

I think we will survive .

[Anonymous]

Anonymous wrote:My husband makes around $7M, i make about 2% of that.

"Regular" $1.2M house, kids in public school and park district day camp for the summer. Cleaning lady once a week. Have a small, outdated ski condo that we bought 15+ years ago together with my brothers family. Holidays are normal. We visit family or they visit us.

What does he do, and how long has he been earning that? And why are you so cheap?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you make mid to high 7 figures, say anywhere from 4 to 9 million hhi, what is your lifestyle like? Do you have staff? Huge luxury home? Kids in private school? What are your holidays like? How much do you save/invest each year? What do you do for work? The reason I ask is because my business is taking off and I should be entering that range of income by this year or next year.

We have a wealth manager and tax planner (one stop advisory shop) and just hand it off and are given an allowance that we spend entirely. There comes a point in time where managing money becomes a job in and of its self. Our "allowance" is 20K/mo. The rest is invested/tax optimized.

Staff? No. we have weekly housecleaners and landscapers since we have ZERO desire to do yard work
Home is 3000sq feet and well designed, quality finishes and very comfortable, along with a large private yard that is professionally landscaped.
One kid in UVA and one kid in public school with his frinds he has had since he was in elementary school (have not moved since 2010)
Hate traveling for Christmas-everywhere is too crowded. We do one 2 week international vacation each august. College kid plays an NCAA sport and HS kid plays a travel sport. Our "vacations" are often in shitty towns standing on a shitty field, staying in a Hilton Garden Inn. Or they are in different college towns that can actually be a lot of fun! For work DH works at a IT company as an executive and I work PT in healthcare.

I believed this but not the Christmas thing. It's true that the airports are crowded, and wherever you go will be full. But there are a zillion secluded lovely places to go.

with two very active sons, one age 19 and the other 16, staying somewhere secluded is not on the Christmas bingo card. They like to do things that other young men like doing and that brings us out iof seclusion and into gen pop. The airport is the least of my concerns. a busy airport doesn’t bother me. However being in a traffic jam while on a safari does
bother me.

No idea what this means unless you’re referring to a budget East Africa safari but try a luxury reserve or conservancy next time. Sightings are capped to 2 vehicles and we rarely see others while driving around. It’s extremely secluded regardless if we’re there during peak or not (which is totally different from Christmas time BTW).

BTDT, it’s like a gigantic zoo.

Ol Pejeta, Maasai Mara and Serengeti National Park.

You do realize there’s a difference between accommodations and then the national Parks, no?

You do realize there’s luxury private reserves and concessions within the parks that are leased to operators and limited to a number of guests at any time, right? It’s called exclusive use traversing rights. Look it up. Singita is well known for having these.

Or, just go to Sabi Sands or the Okavango Delta or similar. All private concessions with no crowds that operate as exclusive use as well.

I’m confused how you don’t know this??

[Anonymous]

Anonymous wrote:My husband makes around $7M, i make about 2% of that.

"Regular" $1.2M house, kids in public school and park district day camp for the summer. Cleaning lady once a week. Have a small, outdated ski condo that we bought 15+ years ago together with my brothers family. Holidays are normal. We visit family or they visit us.

Oh that's sad.

[Anonymous]

Anonymous wrote:

Anonymous wrote:My husband makes around $7M, i make about 2% of that.

"Regular" $1.2M house, kids in public school and park district day camp for the summer. Cleaning lady once a week. Have a small, outdated ski condo that we bought 15+ years ago together with my brothers family. Holidays are normal. We visit family or they visit us.

What does he do, and how long has he been earning that? And why are you so cheap?

Hes a big law partner, 4 years into partnership. We both came from families teetering on the edge of LMC. We are young (I'm 4 years younger).

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:My husband makes around $7M, i make about 2% of that.

"Regular" $1.2M house, kids in public school and park district day camp for the summer. Cleaning lady once a week. Have a small, outdated ski condo that we bought 15+ years ago together with my brothers family. Holidays are normal. We visit family or they visit us.

What does he do, and how long has he been earning that? And why are you so cheap?

Hes a big law partner, 4 years into partnership. We both came from families teetering on the edge of LMC. We are young (I'm 4 years younger).

This is the 2nd poster with big law comp at or above $7M. Is that normal? Especially this example with being just 4 years into the partnership? I thought typical big law partner pay was more like $2-4M depending on billings so say $3M rolling average.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:My husband makes around $7M, i make about 2% of that.

"Regular" $1.2M house, kids in public school and park district day camp for the summer. Cleaning lady once a week. Have a small, outdated ski condo that we bought 15+ years ago together with my brothers family. Holidays are normal. We visit family or they visit us.

What does he do, and how long has he been earning that? And why are you so cheap?

Hes a big law partner, 4 years into partnership. We both came from families teetering on the edge of LMC. We are young (I'm 4 years younger).

How young is young? How are you earning so much being young?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:My husband makes around $7M, i make about 2% of that.

"Regular" $1.2M house, kids in public school and park district day camp for the summer. Cleaning lady once a week. Have a small, outdated ski condo that we bought 15+ years ago together with my brothers family. Holidays are normal. We visit family or they visit us.

What does he do, and how long has he been earning that? And why are you so cheap?

Hes a big law partner, 4 years into partnership. We both came from families teetering on the edge of LMC. We are young (I'm 4 years younger).

This is the 2nd poster with big law comp at or above $7M. Is that normal? Especially this example with being just 4 years into the partnership? I thought typical big law partner pay was more like $2-4M depending on billings so say $3M rolling average.

It’s pretty common at the top firms these days (top 10 firms average that or more in average profit per partner), but I’ve never heard a partner of only 4 years hitting that. That would be extremely unusual and I would love to know how that happened as typically it takes more years to grow your practice to have that kind of revenue generation.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:My husband makes around $7M, i make about 2% of that.

"Regular" $1.2M house, kids in public school and park district day camp for the summer. Cleaning lady once a week. Have a small, outdated ski condo that we bought 15+ years ago together with my brothers family. Holidays are normal. We visit family or they visit us.

What does he do, and how long has he been earning that? And why are you so cheap?

Hes a big law partner, 4 years into partnership. We both came from families teetering on the edge of LMC. We are young (I'm 4 years younger).

How young is young? How are you earning so much being young?

I think they may have a flexible definition of young if they bought a condo 15+ years ago with their brother, unless it was bought in undergrad or HS