Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Anyone who is not a moron knows that if you can pay in cash you do. A house, a car, whatever.

Those who argue otherwise are still trying to make it rich. Those who have know otherwise.

Curious PP, what is your income?

Zero debt. 300k HHI. Net worth 7.5 million.

How impressive


~ 3.8M HHI , 38 M net worth 15 M debt


Looks like you're a bit of your league

These figures are meaningless without including your age

They are meaningful at any age

You can’t compare who’s ahead, as the 2 posters seem to want to do, without knowing age. Plus $300K HHI $7.5M net worth screams 2 big law associates around age 30 with trust funds. $15M debt poster seems older because it’s harder to accumulate that much debt at a young age.

If two big law associates have an annual HHI of 300K they are doing it wrong.

Yeah what a weird comment. $300k HHI/$7.5M NW could be any of wide variety of different situations. But one of the very few situations it absolutely is NOT, is two biglaw associates. That's one of the very few things we can rule out.

We have a low HHI and high NW. I worked for a technology company that went IPO.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Anyone who is not a moron knows that if you can pay in cash you do. A house, a car, whatever.

Those who argue otherwise are still trying to make it rich. Those who have know otherwise.

Curious PP, what is your income?

Zero debt. 300k HHI. Net worth 7.5 million.

How impressive


~ 3.8M HHI , 38 M net worth 15 M debt


Looks like you're a bit of your league

These figures are meaningless without including your age

They are meaningful at any age

You can’t compare who’s ahead, as the 2 posters seem to want to do, without knowing age. Plus $300K HHI $7.5M net worth screams 2 big law associates around age 30 with trust funds. $15M debt poster seems older because it’s harder to accumulate that much debt at a young age.

If two big law associates have an annual HHI of 300K they are doing it wrong.

Yeah what a weird comment. $300k HHI/$7.5M NW could be any of wide variety of different situations. But one of the very few situations it absolutely is NOT, is two biglaw associates. That's one of the very few things we can rule out.

Lol what? You clearly have no idea what you’re talking about. In my circle it’s incredibly common for 2 big law associates right out of law school to have $300K HHI and massive family wealth. In 2 years they will pop out a kid and turn into a one income family with a SAHM. Not sure why everyone makes the assumption that the associates aren’t entry level and this is exactly why ages are important.

Biglaw starting salary is $180 at many firms, and $160 at the others. Add in a bonus (feel free to google those for yourself), and you'll see that $300k combined is too low for even the most junior biglaw associate couple.

Yes, because when you have $7.5M in net worth, it's just so necessary to list your salary exactly, instead of rounding to the nearly $100K or so.

Biglaw associates are not idiots and they do not round their salaries down. Your number just made no sense and your defense just compounds your apparent ignorance. Two first year biglaw associates would make closer to 350-400K, with more after a couple of years. I have no comment on the net worth, just pointing out that the assumption was faulty. FWIW, if I had a 7.5M net worth through inheritance I would be doing something a lot more enjoyable than biglaw.

Yes, only idiots round their salaries down. You are so smart! No one approximates on the internet, especially when they're trying to prove how great they are for saving millions on a small income! Thanks for pointing out how insufferable you are and how little you understand human nature.

You clearly don't know anyone working in biglaw. No one rounds down or has savings as their main goal.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Anyone who is not a moron knows that if you can pay in cash you do. A house, a car, whatever.

Those who argue otherwise are still trying to make it rich. Those who have know otherwise.

Curious PP, what is your income?

Zero debt. 300k HHI. Net worth 7.5 million.

How impressive


~ 3.8M HHI , 38 M net worth 15 M debt


Looks like you're a bit of your league

These figures are meaningless without including your age

They are meaningful at any age

You can’t compare who’s ahead, as the 2 posters seem to want to do, without knowing age. Plus $300K HHI $7.5M net worth screams 2 big law associates around age 30 with trust funds. $15M debt poster seems older because it’s harder to accumulate that much debt at a young age.

If two big law associates have an annual HHI of 300K they are doing it wrong.

Yeah what a weird comment. $300k HHI/$7.5M NW could be any of wide variety of different situations. But one of the very few situations it absolutely is NOT, is two biglaw associates. That's one of the very few things we can rule out.

Lol what? You clearly have no idea what you’re talking about. In my circle it’s incredibly common for 2 big law associates right out of law school to have $300K HHI and massive family wealth. In 2 years they will pop out a kid and turn into a one income family with a SAHM. Not sure why everyone makes the assumption that the associates aren’t entry level and this is exactly why ages are important.

I'm the poster people are referring to. I'm 40. Not big law, but did inherit significant equities. 2 working parents, 2 young kids.

Also, I wasn't comparing to anyone - someone responded to me saying I'm out of my league. Which, if he has 15M debt, is probably true. I'd lose sleep over that!

I am the 15M debt poster.

You were making incorrect statements and I corrected you. I make no apologies for shutting down "alternative facts" (which in your case are psychological hangups, not sure why you're making them universal truths)

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Anyone who is not a moron knows that if you can pay in cash you do. A house, a car, whatever.

Those who argue otherwise are still trying to make it rich. Those who have know otherwise.

Curious PP, what is your income?

Zero debt. 300k HHI. Net worth 7.5 million.

How impressive


~ 3.8M HHI , 38 M net worth 15 M debt


Looks like you're a bit of your league

These figures are meaningless without including your age

They are meaningful at any age

You can’t compare who’s ahead, as the 2 posters seem to want to do, without knowing age. Plus $300K HHI $7.5M net worth screams 2 big law associates around age 30 with trust funds. $15M debt poster seems older because it’s harder to accumulate that much debt at a young age.

If two big law associates have an annual HHI of 300K they are doing it wrong.

Yeah what a weird comment. $300k HHI/$7.5M NW could be any of wide variety of different situations. But one of the very few situations it absolutely is NOT, is two biglaw associates. That's one of the very few things we can rule out.

Lol what? You clearly have no idea what you’re talking about. In my circle it’s incredibly common for 2 big law associates right out of law school to have $300K HHI and massive family wealth. In 2 years they will pop out a kid and turn into a one income family with a SAHM. Not sure why everyone makes the assumption that the associates aren’t entry level and this is exactly why ages are important.

Biglaw starting salary is $180 at many firms, and $160 at the others. Add in a bonus (feel free to google those for yourself), and you'll see that $300k combined is too low for even the most junior biglaw associate couple.

Yes, because when you have $7.5M in net worth, it's just so necessary to list your salary exactly, instead of rounding to the nearly $100K or so.

Biglaw associates are not idiots and they do not round their salaries down. Your number just made no sense and your defense just compounds your apparent ignorance. Two first year biglaw associates would make closer to 350-400K, with more after a couple of years. I have no comment on the net worth, just pointing out that the assumption was faulty. FWIW, if I had a 7.5M net worth through inheritance I would be doing something a lot more enjoyable than biglaw.

Yes, only idiots round their salaries down. You are so smart! No one approximates on the internet, especially when they're trying to prove how great they are for saving millions on a small income! Thanks for pointing out how insufferable you are and how little you understand human nature.

We include our children in our financial lives. They know how much we make, know how much we spend, and know how much we save.

As a family we do a state of the union the last Sunday of the month and go over all spending, and saving g and investing goals.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Anyone who is not a moron knows that if you can pay in cash you do. A house, a car, whatever.

Those who argue otherwise are still trying to make it rich. Those who have know otherwise.

Curious PP, what is your income?

Zero debt. 300k HHI. Net worth 7.5 million.

How impressive


~ 3.8M HHI , 38 M net worth 15 M debt


Looks like you're a bit of your league

These figures are meaningless without including your age

They are meaningful at any age

You can’t compare who’s ahead, as the 2 posters seem to want to do, without knowing age. Plus $300K HHI $7.5M net worth screams 2 big law associates around age 30 with trust funds. $15M debt poster seems older because it’s harder to accumulate that much debt at a young age.

If two big law associates have an annual HHI of 300K they are doing it wrong.

Yeah what a weird comment. $300k HHI/$7.5M NW could be any of wide variety of different situations. But one of the very few situations it absolutely is NOT, is two biglaw associates. That's one of the very few things we can rule out.

Lol what? You clearly have no idea what you’re talking about. In my circle it’s incredibly common for 2 big law associates right out of law school to have $300K HHI and massive family wealth. In 2 years they will pop out a kid and turn into a one income family with a SAHM. Not sure why everyone makes the assumption that the associates aren’t entry level and this is exactly why ages are important.

Biglaw starting salary is $180 at many firms, and $160 at the others. Add in a bonus (feel free to google those for yourself), and you'll see that $300k combined is too low for even the most junior biglaw associate couple.

Yes, because when you have $7.5M in net worth, it's just so necessary to list your salary exactly, instead of rounding to the nearly $100K or so.

Biglaw associates are not idiots and they do not round their salaries down. Your number just made no sense and your defense just compounds your apparent ignorance. Two first year biglaw associates would make closer to 350-400K, with more after a couple of years. I have no comment on the net worth, just pointing out that the assumption was faulty. FWIW, if I had a 7.5M net worth through inheritance I would be doing something a lot more enjoyable than biglaw.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Anyone who is not a moron knows that if you can pay in cash you do. A house, a car, whatever.

Those who argue otherwise are still trying to make it rich. Those who have know otherwise.

Curious PP, what is your income?

Zero debt. 300k HHI. Net worth 7.5 million.

How impressive


~ 3.8M HHI , 38 M net worth 15 M debt


Looks like you're a bit of your league

These figures are meaningless without including your age

They are meaningful at any age

You can’t compare who’s ahead, as the 2 posters seem to want to do, without knowing age. Plus $300K HHI $7.5M net worth screams 2 big law associates around age 30 with trust funds. $15M debt poster seems older because it’s harder to accumulate that much debt at a young age.

If two big law associates have an annual HHI of 300K they are doing it wrong.

Yeah what a weird comment. $300k HHI/$7.5M NW could be any of wide variety of different situations. But one of the very few situations it absolutely is NOT, is two biglaw associates. That's one of the very few things we can rule out.

Lol what? You clearly have no idea what you’re talking about. In my circle it’s incredibly common for 2 big law associates right out of law school to have $300K HHI and massive family wealth. In 2 years they will pop out a kid and turn into a one income family with a SAHM. Not sure why everyone makes the assumption that the associates aren’t entry level and this is exactly why ages are important.

I'm the poster people are referring to. I'm 40. Not big law, but did inherit significant equities. 2 working parents, 2 young kids.

Also, I wasn't comparing to anyone - someone responded to me saying I'm out of my league. Which, if he has 15M debt, is probably true. I'd lose sleep over that!

Why would you lose sleep over $15M of debt if you have $38M in net worth, which means you have $53M in assets? Regardless that poster is probably full of shit.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Anyone who is not a moron knows that if you can pay in cash you do. A house, a car, whatever.

Those who argue otherwise are still trying to make it rich. Those who have know otherwise.

Curious PP, what is your income?

Zero debt. 300k HHI. Net worth 7.5 million.

How impressive


~ 3.8M HHI , 38 M net worth 15 M debt


Looks like you're a bit of your league

These figures are meaningless without including your age

They are meaningful at any age

You can’t compare who’s ahead, as the 2 posters seem to want to do, without knowing age. Plus $300K HHI $7.5M net worth screams 2 big law associates around age 30 with trust funds. $15M debt poster seems older because it’s harder to accumulate that much debt at a young age.

If two big law associates have an annual HHI of 300K they are doing it wrong.

Yeah what a weird comment. $300k HHI/$7.5M NW could be any of wide variety of different situations. But one of the very few situations it absolutely is NOT, is two biglaw associates. That's one of the very few things we can rule out.

Lol what? You clearly have no idea what you’re talking about. In my circle it’s incredibly common for 2 big law associates right out of law school to have $300K HHI and massive family wealth. In 2 years they will pop out a kid and turn into a one income family with a SAHM. Not sure why everyone makes the assumption that the associates aren’t entry level and this is exactly why ages are important.

I'm the poster people are referring to. I'm 40. Not big law, but did inherit significant equities. 2 working parents, 2 young kids.

Also, I wasn't comparing to anyone - someone responded to me saying I'm out of my league. Which, if he has 15M debt, is probably true. I'd lose sleep over that!

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Anyone who is not a moron knows that if you can pay in cash you do. A house, a car, whatever.

Those who argue otherwise are still trying to make it rich. Those who have know otherwise.

Curious PP, what is your income?

Zero debt. 300k HHI. Net worth 7.5 million.

How impressive


~ 3.8M HHI , 38 M net worth 15 M debt


Looks like you're a bit of your league

These figures are meaningless without including your age

They are meaningful at any age

You can’t compare who’s ahead, as the 2 posters seem to want to do, without knowing age. Plus $300K HHI $7.5M net worth screams 2 big law associates around age 30 with trust funds. $15M debt poster seems older because it’s harder to accumulate that much debt at a young age.

If two big law associates have an annual HHI of 300K they are doing it wrong.

Yeah what a weird comment. $300k HHI/$7.5M NW could be any of wide variety of different situations. But one of the very few situations it absolutely is NOT, is two biglaw associates. That's one of the very few things we can rule out.

Lol what? You clearly have no idea what you’re talking about. In my circle it’s incredibly common for 2 big law associates right out of law school to have $300K HHI and massive family wealth. In 2 years they will pop out a kid and turn into a one income family with a SAHM. Not sure why everyone makes the assumption that the associates aren’t entry level and this is exactly why ages are important.

I'm the poster people are referring to. I'm 40. Not big law, but did inherit significant equities. 2 working parents, 2 young kids.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Anyone who is not a moron knows that if you can pay in cash you do. A house, a car, whatever.

Those who argue otherwise are still trying to make it rich. Those who have know otherwise.

Curious PP, what is your income?

Zero debt. 300k HHI. Net worth 7.5 million.

How impressive


~ 3.8M HHI , 38 M net worth 15 M debt


Looks like you're a bit of your league

These figures are meaningless without including your age

They are meaningful at any age

You can’t compare who’s ahead, as the 2 posters seem to want to do, without knowing age. Plus $300K HHI $7.5M net worth screams 2 big law associates around age 30 with trust funds. $15M debt poster seems older because it’s harder to accumulate that much debt at a young age.

If two big law associates have an annual HHI of 300K they are doing it wrong.

Yeah what a weird comment. $300k HHI/$7.5M NW could be any of wide variety of different situations. But one of the very few situations it absolutely is NOT, is two biglaw associates. That's one of the very few things we can rule out.

Lol what? You clearly have no idea what you’re talking about. In my circle it’s incredibly common for 2 big law associates right out of law school to have $300K HHI and massive family wealth. In 2 years they will pop out a kid and turn into a one income family with a SAHM. Not sure why everyone makes the assumption that the associates aren’t entry level and this is exactly why ages are important.

Biglaw starting salary is $180 at many firms, and $160 at the others. Add in a bonus (feel free to google those for yourself), and you'll see that $300k combined is too low for even the most junior biglaw associate couple.

Yes, because when you have $7.5M in net worth, it's just so necessary to list your salary exactly, instead of rounding to the nearly $100K or so.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Anyone who is not a moron knows that if you can pay in cash you do. A house, a car, whatever.

Those who argue otherwise are still trying to make it rich. Those who have know otherwise.

Curious PP, what is your income?

Zero debt. 300k HHI. Net worth 7.5 million.

How impressive


~ 3.8M HHI , 38 M net worth 15 M debt


Looks like you're a bit of your league

These figures are meaningless without including your age

They are meaningful at any age

You can’t compare who’s ahead, as the 2 posters seem to want to do, without knowing age. Plus $300K HHI $7.5M net worth screams 2 big law associates around age 30 with trust funds. $15M debt poster seems older because it’s harder to accumulate that much debt at a young age.

If two big law associates have an annual HHI of 300K they are doing it wrong.

Yeah what a weird comment. $300k HHI/$7.5M NW could be any of wide variety of different situations. But one of the very few situations it absolutely is NOT, is two biglaw associates. That's one of the very few things we can rule out.

Lol what? You clearly have no idea what you’re talking about. In my circle it’s incredibly common for 2 big law associates right out of law school to have $300K HHI and massive family wealth. In 2 years they will pop out a kid and turn into a one income family with a SAHM. Not sure why everyone makes the assumption that the associates aren’t entry level and this is exactly why ages are important.

Biglaw starting salary is $180 at many firms, and $160 at the others. Add in a bonus (feel free to google those for yourself), and you'll see that $300k combined is too low for even the most junior biglaw associate couple.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Anyone who is not a moron knows that if you can pay in cash you do. A house, a car, whatever.

Those who argue otherwise are still trying to make it rich. Those who have know otherwise.

Curious PP, what is your income?

Zero debt. 300k HHI. Net worth 7.5 million.

How impressive


~ 3.8M HHI , 38 M net worth 15 M debt


Looks like you're a bit of your league

These figures are meaningless without including your age

They are meaningful at any age

You can’t compare who’s ahead, as the 2 posters seem to want to do, without knowing age. Plus $300K HHI $7.5M net worth screams 2 big law associates around age 30 with trust funds. $15M debt poster seems older because it’s harder to accumulate that much debt at a young age.

If two big law associates have an annual HHI of 300K they are doing it wrong.

Yeah what a weird comment. $300k HHI/$7.5M NW could be any of wide variety of different situations. But one of the very few situations it absolutely is NOT, is two biglaw associates. That's one of the very few things we can rule out.

Lol what? You clearly have no idea what you’re talking about. In my circle it’s incredibly common for 2 big law associates right out of law school to have $300K HHI and massive family wealth. In 2 years they will pop out a kid and turn into a one income family with a SAHM. Not sure why everyone makes the assumption that the associates aren’t entry level and this is exactly why ages are important.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Anyone who is not a moron knows that if you can pay in cash you do. A house, a car, whatever.

Those who argue otherwise are still trying to make it rich. Those who have know otherwise.

Curious PP, what is your income?

Zero debt. 300k HHI. Net worth 7.5 million.

How impressive


~ 3.8M HHI , 38 M net worth 15 M debt


Looks like you're a bit of your league

These figures are meaningless without including your age

They are meaningful at any age

You can’t compare who’s ahead, as the 2 posters seem to want to do, without knowing age. Plus $300K HHI $7.5M net worth screams 2 big law associates around age 30 with trust funds. $15M debt poster seems older because it’s harder to accumulate that much debt at a young age.

If two big law associates have an annual HHI of 300K they are doing it wrong.

Yeah what a weird comment. $300k HHI/$7.5M NW could be any of wide variety of different situations. But one of the very few situations it absolutely is NOT, is two biglaw associates. That's one of the very few things we can rule out.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Anyone who is not a moron knows that if you can pay in cash you do. A house, a car, whatever.

Those who argue otherwise are still trying to make it rich. Those who have know otherwise.

Curious PP, what is your income?

Zero debt. 300k HHI. Net worth 7.5 million.

How impressive


~ 3.8M HHI , 38 M net worth 15 M debt


Looks like you're a bit of your league

These figures are meaningless without including your age

They are meaningful at any age

You can’t compare who’s ahead, as the 2 posters seem to want to do, without knowing age. Plus $300K HHI $7.5M net worth screams 2 big law associates around age 30 with trust funds. $15M debt poster seems older because it’s harder to accumulate that much debt at a young age.

If two big law associates have an annual HHI of 300K they are doing it wrong.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Anyone who is not a moron knows that if you can pay in cash you do. A house, a car, whatever.

Those who argue otherwise are still trying to make it rich. Those who have know otherwise.

Curious PP, what is your income?

Zero debt. 300k HHI. Net worth 7.5 million.

How impressive


~ 3.8M HHI , 38 M net worth 15 M debt


Looks like you're a bit of your league

These figures are meaningless without including your age

They are meaningful at any age

You can’t compare who’s ahead, as the 2 posters seem to want to do, without knowing age. Plus $300K HHI $7.5M net worth screams 2 big law associates around age 30 with trust funds. $15M debt poster seems older because it’s harder to accumulate that much debt at a young age.

To me it looks like a retiree with a conservative investment strategy.

Either way both are very impressive even by dcum standards