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Reply to "Down and Out on $250K/year...."
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[quote=Anonymous]Nobody is saying that $250K is poor, or that it doesn't afford a lot of flexibility. Just that it's not rich. I made $18K at my first job out of college and my salary didn't beat my age until I earned $27K when I was 24. I recall a time when an extra $10K would have made a real difference in my quality of life. I have a lot more flexibility now, with no debts other than student loans and the mortgage, and I can do things like have my car serviced regularly, save for retirement and kids' college, take a vacation, or take a $5K hit for a new air conditioner if necessary. But those things hardly describe "wealth" or being "rich." What people don't seem to understand is that for a family of four, $250K is like taking Motrin every day. It helps with the minor aches and pains and even some tough headaches, but it doesn't get you high.[/quote]
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