Reply to Why do people who make 500k + not "feel" rich?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We make $500K and don't feel rich. First of all, we try to save a lot so that we can soon downshift to lower stress, lower pay jobs.  Second, when you have two people with demanding jobs and no local family the economics are very different than a family where one parent makes $500K and the other parent stays at home.  We have to outsource a lot to make our lives manageable. We spend about $35K each year on child care and our kids are in school (that does not include camp).  That is because we need a very reliable babysitter with a car who can drive our kids to activities (neither of our kids do travel sports, if you don't count year-round swim).  We also have a lot of money in savings that we try to forget about so that money doesn't make me feel rich, because it made me feel rich I would spend it.  We only have one car and it is old -- we do take a few nice vacations a year (maybe $15K/year).[/quote]

Maybe you'd feel rich if you compared yourself to a couple who make $100K. They, too, try to save a lot so that they can downshift to lower stress jobs. They would like to outsource a lot to make their lives manageable, but they cannot afford to. They spend a much higher percentage of their income on child care, but because they can't afford $35K each year, they worry about the quality of the care. They would love to have a very reliable babysitter, because their lower-paying jobs don't give them much time off. They can't forget that they don't have money in savings--if they had any money in savings, they would feel rich! They also only have one car, older and less reliable than yours, and they dream of taking one decent vacation a year.

Feel better about yourself?[/quote]
DP. She won't. Greedy, needy, clueless people can never understand somebody else's life. Not do they want to. They are immersed in their own negativity all day long. Nor does she want to even entertain the possibility that her post here is out of touch. That would mean admitting that she is not as smart as she thinks. No doubt, most of the posts about how stupid people don't save and make no plans ahead for snow days, car repairs, housing projects are written by this same exact troll.[/quote]

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