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Reply to "Is 300k the new 100k? At what HHI does one "make it"?"
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[quote=Anonymous]This is so frequently raised that it is almost cliched, but I swear, it never ends. If you make $250K, you "need" $350K to be "really comfortable." If you have $100K in the bank, you just need $250K to be "free of worry." Everyone wants to hit $1M in their investment account (and then it will be $5M once you do). It's a psychological game that you can't easily escape, especially when surrounded by other wealthy people. I am not suggesting we should all run off into the woods and live in a tent, but once you have no debt (save a reasonable mortgage), a solid emergency fund, and are saving responsibly for retirement each month, you need to declare a win, realize how good you have it compared to even people of above-average means and luck, stop torturing yourself, and enjoy life. Someone will always have more (and many, many will have less).[/quote]
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