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]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]

We fall into this category, upper middle i guess (but live outside dc). I was in graduate school for years and then home a bit when my kids were little, now we both work and produce so it's relative. I feel "rich" now because it is in reference to our very lean years. It's just easier in a myriad of ways because we don't have to worry about money in the same way. We don't stress over the food bill, no more pre k and childcare fees, all bills are easily paid, no credit card debt from month to month, we pay out of pocket for daughter's college (it's a state school but a very good one for her major), our house is lovely, we can call repair people when things break, we have a cleaning person, etc. There's a subjective sense of feeling satisfied that is different from the objective standard. I know we are not objectively rich compared to people on this board but compared to many and compared to where we were, where we had to do everything and had no outsourcing ability, we feel fortunate and grateful. So yes, "rich" Because there is more than enough. And we know how it is when things are really tight. [/quote]

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