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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]HHI: 700K-800K (both in tech)
NW: 5.5M including home equity
One home, equity of $500K, outstanding mortgage $350K. not in DC

Don't feel rich, definitely comfortable. We save 400K a year (mostly pretax in deferred compensation/401K).Our jobs are unstable in tech. We both have suffered a layoff in the last 3 years, fortunately found another one in less than 6 months. I personally have layoff anxiety, Don't know if we get hit by layoffs again we will be able to get to the same comp given our age and the state of tech industry[/quote]

If you don't feel rich, I think you're doing life wrong. [/quote]

DP here. It’s the instability. You can’t spend like you make $700k if you don’t know how long/how reliably you will make that. We are in a similar boat and I get it. I understand I am objectively rich, but that doesn’t mean I can spend willy nilly. [/quote]

You nailed it.

PP from $5.5M NW here, I have ex-colleagues that have not been able to find a new job in more than a year or took 50% paycut for toxic tech job. We would rather save a bunch and have an option to retire early. After saving 400K, taxes, kids stuff we don't have much to spend on luxuries. It is self inflicted with our high savings rate and perhaps that's why we don't feel rich. Kids are teen now and our costs have gone up. Plus, we were able to pull them out from school when they were younger and go to vacations on points. Now with the school and busy work schedules, have to pay for peak travel tickets, sometimes have to book two hotel rooms, plus save for college. If we had even a 60% confidence that we will be able to keep this income stream for another 4-5 years, I would feel very rich. As of now, I honestly don't even have visibility for even the next 6 months. BTW, it's just not us, almost everyone in tech is feeling the same, some (or most) deal with uncertainity better than me. I think I still have PTSD from my job search after a layoff from last year. Sometime it feels like it's all a house of cards and can come crashing down at anytime. I am certainly grateful for all that I have, and I acknowledge we are in a better situation than the majority, but yep, don't feel rich.[/quote]

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