Reply to Ever wonder about the backstory when people talk about money??

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]200k is very little in this area[/quote]

It is plenty, especially without kids and the expenses that come with a home. We were saving 80-100k/year before we started putting that money to childcare and college savings. We were making between 170-210 for those years. If they are at 220 and can't save they either have a ridiculously expensive apartment or are burning money some other way. [/quote]

By the time most ppl hit 200k they have kids and a home.[/quote]

I am married to a surgeon. I used to earn around 200k when DH was a resident/fellow earning 50-60k. We both had student loans. I paid minimum that barely made a dent for early years so we were able to save for a down payment. After DH finished residency, we tackled our student loans. After DH started earning 500k+, it was a lot easier to save for retirement. On 250k for 2 kids is not a lot.

I think it is impressive that your friend was able to pay off their loans. Law and med school loans can easily go into the hundreds of thousands. We had about 100k each and we didn't pay them off until DH was earning real doctor money, not a resident salary.[/quote]

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