Why does everyone want to earn 6 figures?

[Anonymous]

What will 6 figures give you?

[Anonymous]

The cost of living expenses are high, children are expensive if you want to raise them properly, investing for old age, money for medical emergencies.

[Anonymous]

I'm not money hungry, generally. But I do want a secure retirement, emergency fund, and good health insurance. I think $100,000 is pretty helpful making those things happen. It gets significantly harder on a lower income. Not impossible. Just harder.

[Anonymous]

I don't want 6-figures op.

I want 7-figures. Good enough?

[Anonymous]

Just to afford astronomical food prices! I’m not going to feed my kids solely ramen and rice a roni, and food costs seem to go up yearly. Also—to afford activities for my kids. I grew up poor and did no sports, no instruments, nothing besides school and I think I missed out on a lot. Having 6 figures helps us afford a house in a good school district plus the above.

[Anonymous]

Childcare for two kids requires 100k pretax income right there

[Anonymous]

Why not???

[Anonymous]

Bc I went to school for a lot of years and I worked hard and the goal/payoff to that was making money?? I remember back in 1998 as a high school senior thinking — the goal was six figures, no less than that — given how hard I worked, how much my parents were paying and the loans I took for an ivy. I honestly don’t understand why people (without independent wealth) don’t have the same goal?!

[Anonymous]

Anonymous wrote:I don't want 6-figures op.

I want 7-figures. Good enough?

This. 6 figures doesn't cut it anymore

[Anonymous]

It's not how much you make

It's how much you accumulate.

[Anonymous]

^^^^ paycheck is the dumbest way to make money

[Anonymous]

because it's damn expensive to live a comfortable life and have enough to retire comfortably and pay for your kids' college. I grew up lower/middle class. I'd rather not go back to struggling financially. And I like living where I do where the COL is high. The places that have a low COL are not places I want to live in.

[Anonymous]

Does anyone else think this is kind of a dumb question?

[Anonymous]

Anonymous wrote:I don't want 6-figures op.

I want 7-figures. Good enough?

I was about to reply with this but you beat me to it!

[Anonymous]

To maintain our lifestyle, which is frugal on a daily basis but includes occasional travel to visit family abroad, we need around 120K annually for a family of 4.