Money Diary of a Bay Area Housewife with a $1.3M joint income
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Anonymous
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Did anyone read this one today? Predictably, the comments are hilarious. It really irks me when they don't tell you what the high earning spouse does for a living...
https://www.refinery29.com/en-us/housewife-bay-area-ca-salary-money-diary |
Anonymous
| Doesn’t “joint income” imply 2 jobs? I ask this as a SAHM. Also their net worth is crazy crazy low at that income. |
Anonymous
| Can you imagine still being on your brothers cell phone plan at 37? |
Anonymous
+1 (billion) They're trying to pay off the mortgage 'faster' at 8k per month when the husband is making 100k/month pre-tax...? Where does the rest of it go?! How are the savings so, so low? The daily diary and Qs do not answer where the money is going at all. |
Anonymous
| Millennials never fail to entertain. |
Anonymous
This low net worth high income is more often common then not. It’s extremely hard to get wealthy through a W2 income. People refuse to accept this. |
Anonymous
Can you imagine ever being on your brother’s cell phone plan? |
Anonymous
| I don't think savings are necessarily that low - they are in their 30s and may have just finished paying off significant student debt. This does not say what they are currently investing a month or how much they are putting in a 529 now. |
Anonymous
Also people OFTEN make their peak income only briefly. |
Anonymous
Sure. A single line without a family plan is priced very stupidly. |
Anonymous
This. |
Anonymous
All of this. Our numbers look fairly similar but income jumped even higher this year (but only reached this level in the past 2 years). Before that we paid off mountains of grad school debt, lived in NYC, bought a house, and had multiple children (with the childcare costs that go along). We’ll add at least 400k to our net worth this year not counting real estate. Savings are just now beginning to snowball. |
Anonymous
I’m the Pp and our W2 income is 300-400k bonus depending. Our net worth is almost $3M at a similes age. |
Anonymous
Disagree. We make half of what they do and we saved up 4.5 mil in a 10 year time span. Once you have a big chunk of money invested, it starts growing quicker. |
Anonymous
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"At what age did you become financially responsible for yourself and do you have a financial safety net?" "I was living rent-free with my dad and brother until I moved out to live with L. at the age of 36." The man is the plan. |