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Money and Finances
Reply to "Ok can we stop saying $300k is "rich" in DC?"
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[quote=Anonymous]73k savings a year a lot better but still not great. You have to take a lot of risk to build it. You are in a two income trap. Child care costs, double commuting costs, the need to out to dinner a lot and go on vacations builds. I make a double income and wife does not work outside home. All that money spent on childcare, take our, dinners out etc goes into savings. I run risk I lose job no fall back which puts rock on my back. My wife has been home 17 years since first kid born. Since I have no fixed expenses I save right now 75 percent of my salary. When my wife did work we lived off my paycheck and saved 100 percent of her paycheck. Crank up that savings!!! [/quote]
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