Reply to Do you make $400,000 a year but feel broke?

Forum Index » Money and Finances

Reply to "Do you make $400,000 a year but feel broke?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]We are $400k HHI and I can relate to the difficulties described in this video, though we don't pay any club dues and only take one vacation a year.  This a good illustration of why private schools/colleges should offer some need-based aid to people in this range, as it's really only the equity partners in BIGLAW and people on those types of ~$800k-1M annual incomes that have ample money to spend.  [/quote]

Need based aid? Holy hell![/quote]
Yes - I mean, first of all, there's a difference between wealth and income.  Someone who has been on a $400k HHI for a few years is by no means wealthy.

That being said, when you consider the personal toll it often takes to generate that level of income, it's debatable whether it's not a better deal for you to drop to a $100k HHI level so you can get financial aid but still have more personal time.  I mean, if Mr. Money Moustache is eligible for financial aid, I'd choose that over paying full freight on $400k HHI.

Again, if you're making $800k-1M that's entirely different, as full freight tuition is a drop in the bucket for what you save annually.  For someone at $400k HHI, one tuition might be 1/3 of your total annual savings (including retirement).  Hence, show me the need-based aid! [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics