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re: 100k Club

Posted on 8/22/22 at 6:20 pm to
Posted by 21JumpStreet
Member since Jul 2012
14655 posts
Posted on 8/22/22 at 6:20 pm to
200k seems like the new 100k. 5 mil is probably the new 1 mil.
Posted by Maderan
Member since Feb 2005
807 posts
Posted on 8/23/22 at 9:02 am to
quote:

200k seems like the new 100k. 5 mil is probably the new 1 mil.


Nah. There comes a point where, if you don't excessively balloon your spending by changing your life style, you can just sort of stop worrying about money. For most people with their head on straight (and not living in an area with dumb housing prices) that range is likely $400-$600k. Seven figures not much different.

I think that if you get too high you start to increase you cost of living too much (camps, second homes, boats, cars) and it can take your monthly spend into the stratosphere. Not sure where that income level is and is likely variable for each family and location.

The danger is that high incomes tend to be pretty variable so + or - $200k per year is pretty normal.
Posted by Carson123987
Middle Court at the Rec
Member since Jul 2011
66470 posts
Posted on 8/25/22 at 9:21 am to
quote:

200k seems like the new 100k.


yep
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