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

Forum Index » Money and Finances

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

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Again, if you make $500K, it seems very easy to judge that person, without knowing a single detail about that person.  What about a parent whom earns $500K, but, spends like $200K a year on a very sick child?  Is that person materialistic????  Because, according to one poster, that is what you are.  INSANE!!!!  That same person could be living paycheck to paycheck.  Do you think that person 'feels rich'???[/quote]

If you are spending $200k on a very sick child, I am sorry to hear that.  But you still have $300k a year for other expenses.

The median income in the US is around 60k.  The median income in this area in 2017 was around 82k.  Your leftover income would still be more than 3x that.  You are rich.  You are uber rich.  If your friends make $1m a year, guess what, you are still rich.

[/quote]

I will repeat it: if you make $500K, you start off by giving a lot of it to the gov't in the form of taxes.  About $175K.  And, if you have medical expenses of $200K, you have about $125K left to house yourself, eat, insure yourself, save, etc etc.  That is NOT rich.  Very far from it. [/quote]

What medical insurance has an out-of-pocket annual limit anywhere near 200k  (and at least since Obamacare is in place even preexisting conditions are insurable)?  This is not a reasonable example on which to talk about a more general issue.  And if you had 200k in medical expenses that would be deductible and you wouldn't owe 175k in taxes.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics