Reply to Why a 300-400k salary doesn't feel rich

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We have a household income of $250k in northern Virginia with three kids and we are unquestionably rich.

Only financial worry I have is how to pay for college when all three are in college at the same time in a few years.

Everything else in my life is free of financial worry.[/quote]

Aww. A middle class wine mom pretending she's rich on her 250k.

Honey, let me tell you what rich is. Rich people don't worry about paying for college. Rich people pay 90k tuition checks without blinking or worrying about opportunity costs. That's rich. You're middle class. [/quote]

Wow, what a snotty response.[/quote]

And also wrong.  250k HHI is rich.  Not being able to write 90k tuition checks doesn’t make one “middle class”.  Americans have completely lost their minds about what is needed vs what is wanted and 250k gets you well into the “want” category of consumption.  [/quote]

DP. Sorry but I gotta agree with the snotty response. 300k a year isn’t rich.

It is only rich if you have 1-2M in the bank or via stocks/assets and do not have any debt whatsoever and no mortgage. Then I would consider you rich.

But a normal couple with a HHI of 350k with a 1M dollar mortgage, paying car loans and are making payments on your kids college tuition? No you are not rich. Upper middle class? Sure. Rich, hellllll no. [/quote]

Feel better?

Why does it bother you how we choose to view ourselves? I posted above. We live comfortably on 250K, with plenty saved for OOS college tuitions and retirement and vacations. Major, unexpected bills won’t cripple us. We don’t worry about money. We feel rich, and we are very aware of how good we have it.

That doesn’t impact you at all, unless it makes you feel uncomfortable about your own spending habits. We prove you don’t need gobs of money to be happy and comfortable.

Call us UMC, MC… whatever. It doesn’t change the fact we live “rich”.[/quote]

Having a huge house is not a symbol of success if the bank owns it.

And you have to work 40 years to pay it off.

Few understand this.

You still are not rich, despite how you “feel”.

If you’re rich? Quit your job tomorrow and never work again. If you can do that, you’re rich. If you can’t, you’re not. 
[/quote]

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