Reply to Down and Out on $250K/year....

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I don't get. We make 160K combined. We have a decent house in Vienna, two nice cars, a boat.

We pay for preschool, eat out a few times a week, have a decent wardrobe, some nice things.

I feel pretty "rich." Can't see how I would be complaining at all at the 250K level.

Wow.[/quote]

If you are maxing out your retirement, are adequately insured with life and long-term disability, and are contributing the max for college expenses, and have a emergency fund of a years salary, then yes, Wow, you guys are doing great. [/quote]

College is the only we fail there. We only put 100 into the 529 each month. But 401ks and life insurance and savings are all taken care of. Student loans were paid off awhile ago. We do have a small debt from from shelling out a lot of money to sell a house we went upside down on, but we manage to pay that each month and still have some  leftover. That debt is almost negligible and the only time we have had to take on a debt like that.

So no, we are not perfectly debt free. But one car is paid off and we pay our bills each month and  still live rather well. Money management, good credit, and wise choices help out when you get into hard times like we did with the last house.

I will say our saving grace is preschool costs are cheap, as it is only part time; I work mostly nights so we don't need full time care. But we would funnel resources from somewhere else, say, make the boat go away, and we would still be living comfortably. It is beyond ridiculous to say that 250K is not rich.

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