AsTheBarnBurns

In today’s value of money or when you retire?
(asking because I’m truly curious how others calculate this)

Why are you asking specifically about $300k. Is that the new $100k? Does 300 help achieve your lifestyle goals? Asking because I’ve always wanted to make more money, never had a number in mind.

You forgot to add High AF to car insurance. Mine is now $1,050 every 6 months for 1 car. Same car was $773 last year, and < $700 year before that. No tickets, no claims! I have usaa, can’t get any lower around here.

Have you considered your contribution to the business in terms of the skills you each bring and the deliverables you can point to that prove you are contributing? Without that, the money/time wont matter. You will resent each other.

I was not aware of that. They sent me an email and account was open with a couple clicks. FDIC insured to $2.5milly for you ballers on the money board

$135k does seem low for this designation (its now $150k this year). There is an additional point of also being in top 20% at your company.

From IRS:
Highly Compensated Employee - An individual who:

Owned more than 5% of the interest in the business at any time during the year or the preceding year, regardless of how much compensation that person earned or received, or
For the preceding year, received compensation from the business of more than $125,000 (if the preceding year is 2019, 130,000 if the preceding year is 2020 or 2021, $135,000 if the preceding year is 2022), and $150,000 (if the preceding year is 2023) and, if the employer so chooses, was in the top 20% of employees when ranked by compensation.

Subtle brag alert.. I’m over $150k but definitely not designated as a HCE

I met a couple recently that both have student debt and 1 is currently in school. We were talking economics and I mentioned that if I had student loans it would be best to budget like you are paying them and at least get interest in a hysa. They both had no idea what i was talking about and said they were spending the paused payments. LOL

While I somewhat envy those without a car payment, having something fun to drive has brought me so much joy. Its all about saving first, then using whats left to budget and include things for your own happiness.
I bought a new 2022 g70 and after trade in my note is 3% of my gross monthly salary. Its within budget, insane warranty, maintenance covered for 3 years..
if you really don't care about cars then more power to you!

It’s all gravy until you get hit with an assessment. Seeing anything needing big time repairs soon? Pool/greens/pro shop/tennis courts?