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Reply to "Anyone here making well into the 7 figures range?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]DH is a law partner around 8.5M 4.5M house, 20m+ saved, private school, and two full-time nannies. We save about 3-3.5m a year and live off the rest.[/quote] Holy shit...how long has he been earning that kinda income? Why is your savings rate so relatively low compared to your income?[/quote] He started at this level two years ago and should be here until he retires in 10 Taxes mostly..we live off about 1m a year, but ~150k of that is private school in DC (for 3), which will go away in ~8 years.[/quote] This is so cool. Were you already making millions when you had kids or did it ramp up quickly when they were young? DH is on a similar trajectory and we go back and forth on waiting until we hit “big money” or starting now. My worry is the money is most valuable with really young kids but also, we’re not getting any younger!! [/quote] Not all biglaw equity partners make that. It depends on his practice and hustle. [/quote]
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