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

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[quote=Anonymous][quote=Anonymous]Am I the only person who feels like one angry poster is responding to all these posts??

One big reason I don’t think I’ve seen mentioned is student loans. Often a couple making $500k has several hundred thousand dollars in student loan debt. That’s often what it takes to get those jobs and that is an albatross around your neck.

I also second the thoughts on job insecurity. The reality is, BigLaw, Banking and Consulting are all steep pyramids. Everyone can not be partner. So yes you may be making $250k at BCG just three years of out b school, but they may knock on your door and tell you the ride is over. And you’d better hope you’ve saved and lived properly to adjust to your $150k new salary in corporate.

Another huge factor is personality. dH are both type A and love tracking our investments and spend. This means we watch our money. When you watch your money, I think it’s harder to feel rich. Conversely, I know a few people with good professional services jobs who are more laidback and spend as they please. I do think they feel rich. I doubt DH and I ever will, largely because of personality. [/quote]

I have spreadsheets and projections and models and update things daily. I always feel rich. When I had $30 in my checking, I felt worried. I don’t remember the last time that money was the reason I did not do something. If you don’t feel rich at $500k, you spend too much. [/quote]

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