Anonymous wrote:On most forums about money, you see very few people make more than 250k individually or even HHI, yet here every thread has someone making 750k or higher at just one job. Also many people here with 8 figure NW’s or act like 5-10M is “barely enough”. According to this calculator 300k/yr at age 40 is 97th percentile
https://dqydj.com/income-percentile-by-age-calculator/, I guess that doesn’t account for location but still.
Makes me feel like I’m doing something wrong with wanting to have a SAHM on my single 300k income.
Why?
Because this a predominantly DMV metro area forum. Politics and politic-adjacent jobs pay well. Especially in arguably the most powerful metro in the entire world.
The wealthy stay wealthy by keeping the powerful close.
You can absolutely have one parent be SAH on a single 300k income. And live quite comfortably. Don’t fall into the trap of keeping up with the Joneses. These people will multimillion NW who don’t think they have enough or don’t feel secure or think they’re middleclass are the people who cause so much disdain for the top 10% from the rest of us.
They live in an incomprehensible bubble.
Don’t be them, OP.
However, I think a more important question to ask (especially if you’re living in the DMV) is does the spouse who’d be staying at home want to give up their career? A lot of Type-A personalities who the area attracts, don’t want to.