Reply to Why are DCUM salaries so much higher than in "real life"?

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Reply to "Why are DCUM salaries so much higher than in "real life"?"

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[quote=Anonymous][quote=Anonymous]I know DC is a HCOL area so salaries are higher than normal, but the $400K-$2M salaries that are often bandied about here are so unreal to me.  I can only think of three possibilities to explain this:

1)  DCUM is a congregation that specifically attracts this small subset of high earners

2)  These salaries are more common than I think, and they simply go unnoticed because people generally don't talk about money openly

3)  People are lying liars who lie about their income.

Which is it?[/quote]

Almost every person who posts on this site is lying and exaggerating. There is another current post in Money and Finance on having a 15 year vs. 30 year mortgage. What’s interesting there, is that every sound and conservative advisor knows that a 15 year mortgage is the way to go. Yet on DCUM, there is a high concentration of vehement opposition to a 15 year and support for a 30 year. This makes no sense for a group that is allegedly pulling in $500K+ in HHI. People on here know enough to lie about HHI, net worth, and home values. But, they’re not smart enough to know about the less obvious wealth revealing indicators. I especially like the ones in their mid-30s they already have 1M+ in their 401k and retirement plans. A near impossibility given federal limits on annual contributions. They’re just to dumb to know this isn’t possible. [/quote]

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