Reply to $14k net HHI - Budget Input

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]What does this work out to be as gross income?

Just curious.[/quote]

OP here- Our base without bonuses is $280k, works out to ~ $14k after retirement/taxes/etc[/quote]

Here is a car reality check for you OP. My DH makes $250k and I don't work (so no childcare expenses.) He drives a 2011 Hyundai Sonata sedan and I drive a 2014 Honda Pilot. Both were purchased in full with cash. No plans to car shop anytime soon.

Your "peers" with fancy cars either make more than you or are losing money like you. Or they don't have an investment property, etc.[/quote]

THANK YOU for saying this. OP really sounds like typical keeping up with the Joneses. My brother is a partner at E&Y and clears well over 500k a year. They have a paid off 2015 Mazda CX9 and a 2014 Hyundai Sonata.[/quote]

OP here - After going through this review of our own finances I'm guessing our peers are also losing money. We're clearing about $330k after bonuses but can barely seem to break even. I appreciate the reality check as I guess we need it.[/quote]

Are you planning to be wage slaves for the next 25 or 30 years? If not, the focus should be on how fast you can save enough to be financially independent. You said you made 280 but it's really 330. You don't seem to value the fact that you are young and healthy now, but some day you won't be, and you will have burned up your human capital for nothing lasting.[/quote]

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