When people here mention their TCs with hefty stock options and bonuses etc and still say say they’re poor, it makes me sad and mad. I mean, wouldn’t $70k after taxes give you a comfortable life, or are you aiming for a millionaire status?
Only millionaires get to buy a house, retire, and afford hospital bills. You’re talking like I’m driving a Ferrari.
if my parents gifted me a 4 bedroom sfh in a good school district and I was single, ya I think 70k would be comfortable
Not trynna be a brokie forever
Unfortunately in the United States if you're not at least in the top 5% of income earners you will never be able to live a traditional middle class life
See that’s the issue. It means different things to different people. NPR did a great segment about it on YouTube.
Middle class 2000 sqft within 30 minute drive from work (aka 30mins from SF, LA, NYC, SEA). No renting.
I’m comfortable right now living in the middle of nowhere at 179K base which is peanuts for big tech gigs in HCOL areas
Many people want to get FIRE soon, so the game is different — accumulating net worth big enough to generate 100K passive income. It requires much higher TC and it’s almost never enough because of lifestyle inflation
No one is really making those big tech salaries past 45. Most people I talk to don’t even plan on working in tech that long. So if you think about most people in tech from 25-40, it narrows those high earning years.
Yeah but that’s by choice. Plenty of people work into the 40s, I have people on my team at Amazon in their 50s and 60s.
Isn’t the proportion of those workers underrepresented? I guess everything is a choice. You can choose to make higher tc when you’re young and try to save more, or you can keep working when you’re older. There’s always a trade off. Can’t fault people for living their life past a certain age
Rent + student debt turns that into 40k easy
A million by age 65 right now just means you *might* be able to retire in the most frugal way possible. So yeah I want at least couple more millions.
Multi Millionaire I guess.