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re: At which salary level is an individual “doing well”?
Posted on 4/2/21 at 3:11 pm to white beans
Posted on 4/2/21 at 3:11 pm to white beans
What's your goal?
Varies wildly from person to person.
Varies wildly from person to person.
Posted on 4/2/21 at 3:15 pm to RogerTheShrubber
IMO about $200k. This basically allows you to have all of the "normal" american items:
1.) $400k house
2.) Newish Truck
3.) Newish 2nd vehicle
4.) Save 15-20% to retirement
5.) Decent boat
6.) 1-2 Nice vacations a year.
7.) Eat out a couple times a month for dinner
8.) Not have to pinch pennies
Less than that, and you are cutting out likely at least one of those.
This does not include private school. So would need to be more for that.
ETA: I figured I'd get downvoted but I'd like to hear your opinions? I had a down year last year due to Covid but I made almost $200k in 2019 and after retirement savings I by no means felt like a baller with 3 kids.
1.) $400k house
2.) Newish Truck
3.) Newish 2nd vehicle
4.) Save 15-20% to retirement
5.) Decent boat
6.) 1-2 Nice vacations a year.
7.) Eat out a couple times a month for dinner
8.) Not have to pinch pennies
Less than that, and you are cutting out likely at least one of those.
This does not include private school. So would need to be more for that.
ETA: I figured I'd get downvoted but I'd like to hear your opinions? I had a down year last year due to Covid but I made almost $200k in 2019 and after retirement savings I by no means felt like a baller with 3 kids.
This post was edited on 4/2/21 at 3:33 pm
Posted on 4/2/21 at 3:41 pm to RogerTheShrubber
quote:
What's your goal?
I'm not particularly materialistic. I'd just like to exit the rat race as early as possible.
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