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Money and Finances
Reply to "Anyone else feeling guilty about how easy it is to make money?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We bought our house in 2017 and secured a 2.85% 30 year rate and the home has appreciated by close to 1 million. Our 401k/Retirement Roth/Equity account has appreciated by a couple of millions, and our retirements are fully funded even under conservative assumptions. Not even 40 yet and we are close to being financially independent despite having two kids in private schools and some nice cars and plenty of vacations. Something has to give right? This doesn't seem normal. [/quote] How much do you have?[/quote] adding together home equity/other properties/investment accounts/physical assets, ~4 million. We didn't feel like we were rich back in 2016-2017, maybe had 1 million in total assets, I feel like my networth has exploded over the past 5-7 years from just owning some tech stocks and a house [/quote] I agree but on the other hand, I think many others in our demographic / situation (like you, OP) are in similar boats, so expenses/costs have also ballooned for the types of things that cater to this demographic. E.g. the cost and availability of vacation homes, renovations, eating out, nice hotels, nannies, private tuition, camps, services like family photography, IVF etc. have also ballooned or become harder to access since 2017. Not complaining as I know we are still more fortunate than many, but just observing... [/quote] Yep, pretty much. Economy will figure out how to squeeze you out of your money and keep you working. It already sucks for those who are older and even have assets but aren't' able to keep up with the raising cost of living, higher property taxes, higher prices on literally everything. People unable to fix their houses while others are glad to overpay for all sorts of frivolities. One day OP may end up in similar shoes when getting older, out of energy and finding harder competition in the workplace and harder time making easy money off investments while paying more for things she needs. [/quote]
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