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

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[quote=Anonymous][quote=Anonymous]Uh.

We make $450ish (more like $410 last year) and it's pretty rich.

We live in a $1m+ house. 
We do not typically think about, nor do we have to, groceries or gas or coffee or takeout or summer camp. 
We haven't prioritized college savings, but we could pay cash, yes, even for a $70K school (we don't want to but we'll see). 
We get new cars when we want them. 
If we want to renovate or something, we would just pay cash or take a HELOC or stop contributing to one of the many many investment or savings accounts we have temporarily. This would feel BAD but it is a blessing. 
If we aren't going to Europe this summer it's because it's our choice and we want to prioritize cash savings. It's not because we can't.

We are lucky and relatively, rich. In the upper-middle class no worries relative to others sense. And there are MANY families richer than us at our W school.

Get some perspective if you think 400K isn't well off. Unless you have 7 kids and 3 parents in assisted living that you pay for, you should be more than OK. [/quote]

The problem is on 400 you can pick and choose your luxuries but you can’t have all of them at once. You can have the nice new car every 3 years and the country club membership but you need to compensate by not doing the elaborate ski trip or Europe trip every year, or maybe send the kids to public. Mid 6 figure incomes bring too many compromises in lifestyle to be able to say you’re rich. [/quote]

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