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Reply to "Ok can we stop saying $300k is "rich" in DC?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]DH and I earn a little less than 200k together and we are rich. We save about 60k for retirement every year, and can cover all of our expenses, like private school for our kids, and a lot of what we want, even in this area. No, we don't live in a prestigious zip code, and my commute is about 45 minutes, but that's because of choices that we made.[/quote] Damn. I'd love to see your budget. [/quote] I earn $110,000 as a single and am very comfortable. Save about 20% of my income for retirement, with plenty left over for travel, entertainment, designer shoes, a nice property in an UMC neighborhood, and charitable donations. And did I mention the shoes? I don't see how a couple earning $300,000 doesn't recognize that they are in the top 2% or 3%. That's wealthy in my book.[/quote]
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