Reply to More Than a Third of 250k Earners Live Paycheck-to-Paycheck

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Honestly this all makes so much more sense. Our household income with no kids is over 250k, but we max 401k/IRA/stock purchase and live in just a ‘decent’ place. I always wonder how these people can afford multiple luxury vacations, new cars, designer clothing, etc.

Bunch of Weekend Millionaires ™️ in this city I suppose!

https://www.fool.com/investing/2022/06/01/more-than-a-third-of-250k-earners-live-paycheck-to/[/quote]

We make $1m and we barely save. we live in NYC and once we pay for 2 kids in private ($120 so $240 pre tax income), give half of salary away to tax, pay mortgage, pay maintenance, it's mostly gone. we will 'make' more money by qualifying for a big mortgage and buying a house that is a good investment. but we certainly are not saving big. [/quote]m

Not pathetic.  It shows a lot of what is wrong with the choices we have.  Private shouldn’t cost $240 take home or public should provide a better education.  I had a great public school education but that was a long time ago and the investment and curriculum requirements have changed.  Some are good.  Some are not.  [/quote]

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