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[quote=Anonymous]It isn't very hard. We're in the same ballpark income wise on two salaries but we're in our late 40s and have only one child.

How much are you paying for child care?  My DC is in high school now, but we paid $30k+ for our nanny so when DC started school, we actually saved money! Tuition has gone up since then and you've got 2 children. But, you're talking a difference of less than 10% of income after netting out the nanny.

Also, think about how much more you will earn over time. Just a 4% annual salary bump translates to $15k+ more in pay. In 5 years, you'll earn over $50k+ more annually. So if you have to do a little belt tightening, it won't be for long. The difference is going to Martha's Vineyard instead of Fiji next summer.

If you're big savers, good for you! If you're not burying it in the back yard, you should be earning some significant investment income. Our investment portfolio is only a little more than 2x salary, but that is providing an extra $150k+ this year.

Lots of people on this board think they have financial stress at your income level (and lots of people give them crap about it). Often, these are young professionals just starting their law or medical practice where school debt and the grind of starting out are hard.  But once you make partner, the income jumps and if you've been frugal and saved a bit, the investment returns pile up.  For those of us lucky to have stable career paths, things start to accelerate pretty quickly in your 40s. As long as you don't get divorced and double your living expenses, things work out pretty easily.[/quote]

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