Reply to Is this a common feeling in your early 40s? Feels like friends are getting rich and we're stagnant

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Reply to "Is this a common feeling in your early 40s? Feels like friends are getting rich and we're stagnant"

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[quote=Anonymous][quote=Anonymous]I'm making 160k per year in my mid 40s after 20 years as a Federal employee. My net worth is just under 2 million. I earned about 1.3M of that myself, saving and investing in index funds from my Federal salary. I feel like I'm upper middle class, but I still live as if I'm middle class in a 500 sq ft apartment (no spouse or kids). My parents paid for my undergraduate and I paid for my no-name college MBA. I've been getting gifts from my parents of $5k to $10K per year, which I just save in the bank. I'm hoping to buy a 2 BR, 2BA condo for around $400k to $500K as close to Arlington as I can get.

I'm really content with where I'm at and I'm doing the best financially out of most of my friends. I don't think one needs a $2M+ Arlington house to be happy in life.[/quote]

Congrats and well done on being grateful and happy. Not a sneer at all, but a key element of your financial status is that you don’t have children… 160k without kids is a very comfortable HHI[/quote]

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