re: Do you live at, below or above your income means?

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Consider less cash… Wealthier > Wealthy Most everytime

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Post tax holdings basis are cash

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Right at and its honestly frustrating as frick. I have an upper level 6 fig job, but wife doesnt work and we have a 3 year old. So basically I have just enough of cover mortgage all insurance, bills, food and whatever we do w the kid on the weekend. Basically throw one suprise expense (ac repair, new tires) and im breaking dead even for the month. Wife kinda wants another kid snd not gonna lie one of my reasons why no is I want my lifestyle to start to match the heavy arse load I have at work.... I dont need a bently but this shite is tiring.

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Wait til you have another kid. We have a special needs child. Both her and our son are headed to college but her expenses have been well over a million dollars in her short lifetime. Completely fricks up financial stability.


Now we are good. Wife maxes 401k and with company match she is putting in 44000 a year. I will have a pension which will give me 60-70k when we retire.

No car notes, mortgage at 2.75 percent (owe 450k), but indulgences are traveling and my wife buying every fricking thing that Amazon sells.


All in all we live a good life and do what we want. Once we get through first semester tuition with kids things will get easier. Right now we will retire with 4.5 million projected and my pension plus SS for both of us if it is solvent.


Add onto that inheritance (which I don’t) and we would be at 7.5 or so when we retire. My parents and her parents live way, way below their means and they live off of pensions, SS, and Va disability. So their retirement just keeps growing.

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Below. Tuition is by far my biggest expense. We do like ot take trips though.

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You live in a cookie cutter neighborhood and have credit card debt

Right at my means.

Every dollar has a purpose. My wife and I save a great deal, but aren’t shy about spending on things we want once we’ve saved for them.

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Right at and its honestly frustrating as frick. I have an upper level 6 fig job

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Let me get this straight you make high 6 figures and one young child is breaking the bank? The kid isnt the problem, the adults and their out of control spending are. 3 yr olds are actually quite low expense without childcare costs.

I live off dividends

According to Google Gemini.

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Overview of Debt in the U.S.
Percentage of Households in Debt
Approximately 90% of Americans have some form of debt.
About 77.4% of U.S. families carry debt, with the median household debt being over $80,000.
Types of Debt
Credit Card Debt: 82% of U.S. adults have at least one credit card, with the average household holding over $21,000 in credit card debt.
Mortgages: The largest portion of household debt, totaling around $12.8 trillion.
Student Loans: Approximately 20% of families hold education installment loans, with a median amount of $24,500.
Auto Loans: Contributing significantly to overall debt levels.
Demographics of Debt Holders
Debt levels vary by age, with middle-aged individuals (40-49) typically holding the highest amounts.
Households with children tend to have higher median debt compared to those without.
This data highlights that a significant majority of Americans are managing some level of debt, reflecting broader economic trends and individual financial situations.

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But of course most of the people who post here live below their income means because we are all pulling down at the least $12M a year with money tied up in all kind of investments.

I save enough to be comfortable later but not enough to miss on something now. If my kids break even burying me then it worked out. I put them in a good place growing up no qualms there. I enjoy life week to week and save some weeks more than others but we do what we want responsibly. Fuk a percentage

Below but I’m happy for the future.

The only problem I have … I’m a knife, Multitool nut. I buy way those way more than I should. But it brings me Joy.