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Reply to "do your friends elsewhere live as financially conservative as you find people in DC do?"
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[quote=Anonymous][quote=Anonymous]I just had my yearly gathering with 6 friends from college. They live throughout the country: Maine, New Hampshire, Bellevue WA, Albany NY etc. Each of them has a graduate degree. However, I'm the only one who works full time and the rest are pretty determined to never work full time again. They have kids and they don't want the stress of having two spouses both working. However, I work full time primarily because I'm paranoid about not having enough saved for retirement. I'd also like to pay for my kids to go to college. My husband probably makes three times what any of their husbands does and yet I'm the one most worried about money. I wonder though, am I just a victim of my surroundings here in DC? The ones that says "you can never save enough for college or retirement! You must scrimp and save and work hard. You must have a net work that spins off $250K a year for 30 years in retirement. You must be able to pay cash for a decade of nursing home care later in life. You must be able to fund your kids' college educations". My friends elsewhere seem to be quite at peace with maybe saving $18K a year into a 401K. If that. They are enjoying a much quieter and easier life in the here and now. They trust that their kids will go to state schools for college or (other colleges that give scholarships) and will get scholarships for top grad schools (because that is what they themselves did and it worked out very well). Can anyone else relate? I feel like I've bought in to the NW DC hamster wheel mentality and I wonder if it's necessary. [/quote] Yes you have to enjoy life more. Maybe get out of DC too? There is more to life than NYC, SF, DC, [/quote]
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