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Reply to "I make good money but am now constantly worried about losing it"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I recently broke into a seven figure income (think junior c-suite at a mid-sized tech company). As a former public servant, this is both unexpected and unfamiliar. It wasn't until a few years ago that I realized this was even a possibility let alone a likelihood. I feel exceptionally fortunate. But this situation is new enough that I haven't yet built up an equivalent nest egg, so the income/wealth doesn't feel permanent. The "problem" is that I now find myself perpetually concerned about the ethereal nature of the situation. I like my job and am unlikely to lose it, but stranger things have happened - an issue I'm blamed for, an acquisition by a larger company that make my role duplicative, etc. And while I think I could probably land an equivalent role, I find my thoughts frequently drifting toward what-if scenarios regarding a loss of my income. For those who have been in high-paying jobs for a while, does this eventually go away? Is this just the new situation jitters, or will this now preoccupy my spare thought cycles? I don't want to be a person who thinks about money all the time, even if it's from a position of privilege. And just to head off the inevitable... I don't post this with the intention to rub my good fortune in the faces of others. I'm not trolling. I recognize the cry-me-a-river aspect of this, but it's a legitimate situation and, for obvious reasons, I don't really have anybody to talk to in real life about it. So here I am.[/quote] Don't change your lifestyle. Love below your means. I am very high income and my lifestyle has remained the same. I still take [b]free flights[/b] using credit card points. I [b]don't go to 5 star Michelin restaurants. I don't drink alcohol[/b]. I do a lot of free things such as hiking kayaking. I do road trips and [b]stay at cheap hotels.[/b] I never worry about how much things cost or how much I have in savings because I am constantly doing things under budget. Now if you feel as an "executive" you need to live in a mansion and drive an s-600 Benz then yeah you should freak out cause that lifestyle isn't cheap.[/quote] There’s some space in between what you’re describing and living in a mansion. You only live once and can’t take it with you. I throughly enjoy my luxury hotel stays, dining out and not hassling with hotel points and airline miles. [/quote] +1 But it comes with planning and having saved well for retirement and college, and having enough to pay off the home (or go ahead and pay it off once you have enough). And even with FU money now, we still search for deals on hotels (and might book the Mountain View vs ocean view on a beach vacation and hope for an upgrade, because saving $400/night can cover your meals and drinks and you don't really spend time in the room watching the ocean). We still collect hotel points and airline miles, and use them when it works for us. Who would give up free perks? [/quote]
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