Anonymous
09/14/2016 07:57
Subject: What HHI is "success" to you?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:There is no HHI that is "success" to me.
Successful marriage, maybe well-adjusted children. Positive relationships with friends and family. Being in a position to give back to my community (and following through on that).
THAT is success.
+1
Defining success based on HHI is so arbitrary and relative. $500k is a lot for Nebraska, but not for NYC or Palo Alto. $500k is a lot for 1 person, but not a family of 7.
Jesus. 500k is a huge income even if you live in an expensive area or have a lot of kids.
Not really. Here's 500k in NY:
200k taxes, including city
You're left with 300k to pay for:
100k - two kids in private school
60k - renting two bedroom apartment
12k - garaging car and car expenses
25k - children's' activities
50k - 1k a week for groceries, dining out
So you have 53k leftover and that's without taking any vacations, buying clothes, etc. plus you need to keep saving for an apartment since your rent will go up $200-400 every month.
If you can afford a car in NYC and 100k in school bills you have a lot of money.
Private school is practically required in Manhattan and private school tuition is around 45k. Keep in mind on 500k you have two kids stuffed in a two bedroom apartment. It's far from tons of money.
This forum is called DCUM. WHY are we arguing about what it costs to live in Manhattan?
Anonymous
09/14/2016 07:55
Subject: What HHI is "success" to you?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:There is no HHI that is "success" to me.
Successful marriage, maybe well-adjusted children. Positive relationships with friends and family. Being in a position to give back to my community (and following through on that).
THAT is success.
+1
Defining success based on HHI is so arbitrary and relative. $500k is a lot for Nebraska, but not for NYC or Palo Alto. $500k is a lot for 1 person, but not a family of 7.
Jesus. 500k is a huge income even if you live in an expensive area or have a lot of kids.
Not really. Here's 500k in NY:
200k taxes, including city
You're left with 300k to pay for:
100k - two kids in private school
60k - renting two bedroom apartment
12k - garaging car and car expenses
25k - children's' activities
50k - 1k a week for groceries, dining out
So you have 53k leftover and that's without taking any vacations, buying clothes, etc. plus you need to keep saving for an apartment since your rent will go up $200-400 every month.
If you can afford a car in NYC and 100k in school bills you have a lot of money.
Private school is practically required in Manhattan and private school tuition is around 45k. Keep in mind on 500k you have two kids stuffed in a two bedroom apartment. It's far from tons of money.
Anonymous
09/14/2016 07:54
Subject: What HHI is "success" to you?
Ok look. $500k is not a "huge" income for NYC or Palo Alto but come on. Let's also not pretend that you're just barely getting by on that either. The liberal redistributionists annoy me but you can go to far towards the other extreme as well.
Anonymous
09/14/2016 07:39
Subject: What HHI is "success" to you?
Anonymous wrote:A rich person is not that who has more, but that who needs less.
Thanks, Thoreau.
Anonymous
09/14/2016 07:38
Subject: What HHI is "success" to you?
Anonymous wrote:Anything north of $500K/yr, imo.
OP, I semi-agree with you. May I add: earn this much per year AND have a job that does NOT require constant travel AND have a job that does NOT require anything over 40 hours per week.
If you are doing one or both of the two, your job owns you.
Anonymous
09/14/2016 07:37
Subject: What HHI is "success" to you?
The OP said "starts" at 500k not that that is the be all and end all. Common sense tells you it plainly isn't as millions of people earn much more.
Anonymous
09/14/2016 07:34
Subject: What HHI is "success" to you?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:There is no HHI that is "success" to me.
Successful marriage, maybe well-adjusted children. Positive relationships with friends and family. Being in a position to give back to my community (and following through on that).
THAT is success.
+1
Defining success based on HHI is so arbitrary and relative. $500k is a lot for Nebraska, but not for NYC or Palo Alto. $500k is a lot for 1 person, but not a family of 7.
Jesus. 500k is a huge income even if you live in an expensive area or have a lot of kids.
Not really. Here's 500k in NY:
200k taxes, including city
You're left with 300k to pay for:
100k - two kids in private school
60k - renting two bedroom apartment
12k - garaging car and car expenses
25k - children's' activities
50k - 1k a week for groceries, dining out
So you have 53k leftover and that's without taking any vacations, buying clothes, etc. plus you need to keep saving for an apartment since your rent will go up $200-400 every month.
If you can afford a car in NYC and 100k in school bills you have a lot of money.
Anonymous
09/14/2016 07:34
Subject: Re:What HHI is "success" to you?
I agree, OP. Incidentally, that's also when we started to have enough money to meet all of our savings goals with enough left over to fund most of our wants (mostly home improvement projects and travel).
Anonymous
09/14/2016 07:30
Subject: What HHI is "success" to you?
Anonymous wrote:Anonymous wrote:Anonymous wrote:There is no HHI that is "success" to me.
Successful marriage, maybe well-adjusted children. Positive relationships with friends and family. Being in a position to give back to my community (and following through on that).
THAT is success.
+1
Defining success based on HHI is so arbitrary and relative. $500k is a lot for Nebraska, but not for NYC or Palo Alto. $500k is a lot for 1 person, but not a family of 7.
Jesus. 500k is a huge income even if you live in an expensive area or have a lot of kids.
Not really. Here's 500k in NY:
200k taxes, including city
You're left with 300k to pay for:
100k - two kids in private school
60k - renting two bedroom apartment
12k - garaging car and car expenses
25k - children's' activities
50k - 1k a week for groceries, dining out
So you have 53k leftover and that's without taking any vacations, buying clothes, etc. plus you need to keep saving for an apartment since your rent will go up $200-400 every month.
Anonymous
09/14/2016 07:25
Subject: What HHI is "success" to you?
Anonymous wrote:Anonymous wrote:There is no HHI that is "success" to me.
Successful marriage, maybe well-adjusted children. Positive relationships with friends and family. Being in a position to give back to my community (and following through on that).
THAT is success.
+1
Defining success based on HHI is so arbitrary and relative. $500k is a lot for Nebraska, but not for NYC or Palo Alto. $500k is a lot for 1 person, but not a family of 7.
Jesus. 500k is a huge income even if you live in an expensive area or have a lot of kids.
Anonymous
09/14/2016 07:07
Subject: Re:What HHI is "success" to you?
When the HHI is high enough to get the bills paid & add to savings and you like your job, that is a success.
Anonymous
09/14/2016 06:43
Subject: Re:What HHI is "success" to you?
Op does the definition of success also include overall happiness, inner peace, high quality of life or just strictly income level?. I asked because of the cases of rich people making over 1 million income that commit suicide.
Anonymous
09/14/2016 06:01
Subject: What HHI is "success" to you?
Success is not defined by a number. You will be much happier when you realize it. The truly great things in life do not cost anything.
Anonymous
09/13/2016 23:37
Subject: What HHI is "success" to you?
500k is a lot no matter the locale.
Anonymous
09/13/2016 23:33
Subject: What HHI is "success" to you?
Anonymous wrote:There is no HHI that is "success" to me.
Successful marriage, maybe well-adjusted children. Positive relationships with friends and family. Being in a position to give back to my community (and following through on that).
THAT is success.
+1
Defining success based on HHI is so arbitrary and relative. $500k is a lot for Nebraska, but not for NYC or Palo Alto. $500k is a lot for 1 person, but not a family of 7.