Hesitant to make financial decisions due to labor market
I made 580k last year (that’s what I paid taxes on) and our household brought in north of $800k last year. Given the current market conditions, we were trying to make some big purchases, including a house, a car and some furniture but we decided to put all of them on hold until after we see some confidence in our jobs stability. - my job (tech) is really stressful filled with shenanigans, backstabbing and lots of politics, highly sensitive to layoffs and overall replacing this job with the same scope and pay is literally impossible in todays market if not extremely difficult - her job (healthcare) is stressful filled with lots of terrible and low quality people that constantly gossip and disrupt her work I need your input on the below decisions we made: - keep doing the house hunt, searching for the off market house we want so if the conditions got better we be able to act fast rather than just starting from scratch - we keep our current car and spend some small money to maintain for at least another year hence keep the money in either stock market or some other type of investment to hedge against inflation - buy some pieces of furniture that we absolutely need but buy more generic ones so in case we moved they either be discarded or sold in facebook marketplace Both of us will keep applying to other jobs and actively interview till we find a better place to work until after election this year. Or we find 2nd jobs (if any) to have a plan B in case sh!t happens. Do you think these are good decision? TC $580k Household $800k
To be honest it seems like you both need to stop chasing TC and find better jobs..
There is none out there now. If we had a chance to find one we would have. We are happy to keep what we have now.
Your spouse in Healthcare should be able to land one easily. Almost every hospital has massive shortages.
WTF did I just read? 850K income and cannot afford a car and some furnitures.
Validation / brag post
Car is 90k and the furniture adds up to another 50k. The house is around 2.3 mill
This op has mental issues of being too greedy. Buy a smaller home car etc no need to buy Tesla model y for 80k when you can buy a rav4 for 30k? wtf….
get the car first (if necessary), then house and furniture. Furniture last cuz you gonna change it after the house anyway srsly, HHI 800k and can't get a car? What kinda car you getting???
It’s an M550 and furniture are all Italian
OP makes nearly a million dollars and in top 0.1% W2 earners but have mental problem and likely came from a country that everyone thinks that way. Stop bragging and go buy a big house, a luxury car, top end designer furniture NOW. Stop living like homeless, life is short!
how much did you pay in taxes?
more than Biden at that TC
Around 300k
TC is irrelevant without knowing your spending and NW and what costs you're looking at. If you're debating whether to buy a 50k couch, that's worth thinking about. If you're wavering on a 2k couch from Wayfair, maybe live a little.
Combine spend on furniture would be about 30k.
What's your net worth? Thats more important than TC. Without knowing that, even someone who earns 60k but inherited a 3 million dollar house in the Bay is better off than you.