Reply to Ok DCUrban Mums. What is Rich

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]You exit middle class at 400k[/quote]

what are you considered at this HHI?[/quote]

Yes, but this isn’t rich.  We’ll surpass this HHI this year, yet our net worth is under $1M.  Our retirement and kids’ college funds are woefully underfunded.  We’re in our late 40s, so we have some time to catch up but not so much time that we’ll retire rich.  It would have been a game-changer if we made this income 10 years ago, but we didn’t.[/quote]

Just curious, what are your jobs, and what were you making 10 or 15 years ago?[/quote]

And I make the same income (380K) but my investments are up  several hundred thousand dollars just in 2021 so far. I really didnt appreciate the difference net worth: income makes in trajectory. Because of my net worth, my income is secondary to my annual income, even though its robust.  It is when this happened that I actually felt "rich" (to me, rich means secure) as I could live off of my passive income at this point, (mid 40's single earner).[/quote]

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