Are you Rich?
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Anonymous
You aren't poor, you're in an overextended season of life. My HHI is lower than yours, and I feel just fine! But then, no kids in daycare; that's a killer. |
Anonymous
Exactly. If your HHI $250k and don’t have $7M saved years before retirement due to real estate and [checks notes] *riskier investments* you did without an advisor, all while raising kids, being a basketball coach, traveling overseas yearly, and helping parents (so definitely not a penny from them) you’re a proper DCUM poor. |
Anonymous
Definitely a poor on this thread. |
Anonymous
Our nw is like 700k. We just started making a lot more money, went from a HHI of 100k a few years ago to about 450k this year. It’s been a big jump and we are just now getting in a really nice place financially. |
Anonymous
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Yes, but still need to work a few more years to be comfortable. And could also use continued great market performance.
Ages: Both early 40s, 2 kids HHI: Between 750 and 900k. Net Worth: $5.4m Home Equity: $1 m Retirement: $2.3m Taxable/Cash: $1.6m 529s: $500k |
Anonymous
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I am not monetarily rich compared to a lot of people around me. Yet I have everything I need, which is still more than many around me.
I have a very loving partner (not my first spouse so I know to appreciate it), healthy kids right now, a job I mostly like, a beautiful home I rent and live in one of the most beautiful places in the country. |
Anonymous
Yawn…everyone on DCUM has that. Didn’t you get the memo. |
Anonymous
BS |
Anonymous
Jelly much. |
Anonymous
How is it BS? Seems pretty reasonable… |
Anonymous
We are mid-30s, but income has increased a lot. We were making $350K in 2019. |
Anonymous
HHI: 400k (wife in tech, husband a fed) NW: 2.5 M Own two homes (one a rental property, one our residence) We don’t feel rich. Middle class. Grateful and lucky, but not wealthy. Family of 4. Kids in public school. Great neighborhood and community. Grateful to be employed. We don’t struggle financially or have debt beyond mortgage and a car loan, live within our means, and go on one nice international vacation a year. I grew up not having much so recognize what feels middle class now is still a really nice lifestyle. It’s expensive to live in America right now. I realize it takes two high earners to live the way we do (bills, mortgage, retirement and saving for college for our kids…) and support a family. |
Anonymous
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HHI: 700K-800K (both in tech)
NW: 5.5M including home equity One home, equity of $500K, outstanding mortgage $350K. not in DC Don't feel rich, definitely comfortable. We save 400K a year (mostly pretax in deferred compensation/401K).Our jobs are unstable in tech. We both have suffered a layoff in the last 3 years, fortunately found another one in less than 6 months. I personally have layoff anxiety, Don't know if we get hit by layoffs again we will be able to get to the same comp given our age and the state of tech industry |
Anonymous
To add we are late 40's |
Anonymous
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Ages: 46/45
HHI: 460K (Defense Contractor/Non-Profit) NW: $3M NOT including home equity Home: $2M |