re: How much money does one need to make to be comfortable?

quote:

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108
-22 (food for 6 ($10/person/day))
-13 (car + insurance)
-24 (mortgage/prop tax)
-15 (house expenses - electricity, gas, cable, phone, security, maintenance)
-24 (school for 4 kids)
-3 (student loans)
-3 (random shite that always happens)
= 4k left over. This doesn't count additional savings, elevated medical expenses, family trips, hobbies, etc.

You think you're rich if you can't have a rainy day savings, take a trip, or play a couple rounds of golf each month?

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If you can do all that, you're rich. I'm being serious. You're not elite, but you're upper class and we'll on your way to a multi million dollar net worth.

You're going to wind up with a net worth of $3MM in your 401k alone if you save at that clip for 20 years, and that's not counting the taxable savings accounts.