Reply to Why a 300-400k salary doesn't feel rich

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]My husband and I made about $270,000 last year and we definitely feel tight.  We have two kids in elementary school and we are basically never saving enough for college. We spent over $200k on child care in the early parenting years, and at that time we couldn’t prioritize saving for college.  We are fortunate to have our house, which is in an amazing school district and which we bought for $650k about 10 years ago.  If we bought it today our monthly payments would be twice what we pay. I really feel for young people facing these interest rates! It seems like at least $350k would be the sweet spot for feeling a bit more comfortable, which for me would include substantial college savings for both kids.

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When you make that $350k, you’ll still feel money is tight, believe me. There is never enough money to feel comfortable when you desire things. 
When comfortable means:
Living in the best house, in the best neighborhood 
Sending kids to the best schools 
Paying for the best activities 
Saving for the best Ivy League colleges 
Saving for the best retirement (20m at least)
Going on vacation frequently to the best places
Building generational wealth 
Giving kids down payment to buy their home
Paying for weddings
Paying for grand kids education 
… and the list goes on and on.

That’s what people on this forum view as basic needs to feel comfortable. No amount of money would make them feel rich and comfortable.

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Totally agree. Most of the complainers here have lost perspective. Who tasked these people with the need to build generational wealth? Most of this is ego. People want to feel way above the average, and the person in the lineage that everyone can look back to and thank. Ironically, history is replete with ungrateful heirs who gladly spent every dollar saved by their industrious, ambitious, and dynasty-building ancestors. It’s much better to live a materially comfortable life, raise decent kids, and let the next generation do their own thing. Almost every billionaire made their money in their own lifetime and don’t feel strongly compelled to pass it on to family. Is DCUM really smarter than that? [/quote]

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