Reply to S/O American Dream. Would $500-750k HHI be enough for this lifestyle?

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Reply to "S/O American Dream. Would $500-750k HHI be enough for this lifestyle?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Short answer: no. It's not possible.

Longer answer: What you're describing is essentially our lifestyle for years, although two kids (but in private, so feels like more lol). We were able to do it fine at $1.5M. Now we make closer to $3M and we don't worry about money. We couldn't have done it on $500-$750K. [/quote]

How do people make $3M per year and I only make $125k. I am a civil engineer with 15 years work experience.

What kind of job do you have? At my firm I think the highest paid engineer barely makes $200k.[/quote]

I am the PP. I am a lawyer by trade but now own my own business that is legal adjacent (think service provider for the legal profession but not actually practicing law). It's really hard to make more than $1M outside of law or finance without owning your own company. [/quote]

Big tech (and equivalents like mag 7), successful business owners, big law, high finance can all crack 7 figures as the norm by mid-late 30s. Federal lobbyists too but that’s very DC specific. [/quote]

We should also remind everyone that these people in these fields are still in the top 1% of their peers. These people have proven to add significant value. I know folks in these fields who are not even making $200k.[/quote]

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