What household TC made you feel it was ‘good enough’?

Feb 13 23 Comments

Want to know from:
* people living in HCOL areas (SF, NYC, Seattle etc)
* particularly with a young kid (or two)

When did you feel that your combined TC made you feel that “I think we make enough money at this point. Don’t need more work responsibilities/pressure, and we have all the comforts with what we earn”.

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TOP 23 Comments
  • Yea I’m at 650k combined income and I feel poor as fuck. I live in the shittiest house in the block and still can’t afford to take a vacation.
    Feb 13 5
    • Apple srouji
      5 kids ?
      Feb 13
    • Microsoft Clippy3.0
      Bullshit. $650,000/year household income is beyond enough to take a vacation.
      Feb 13
  • Facebook public2
    When passive income > tc
    Feb 13 3
    • Facebook public2
      Incredibly easy. That's why so many people do it.
      Feb 13
    • Apple pthread
      Public2 knows what’s up, you’ll never feel wealthy till working becomes optional
      Feb 13
  • These numbers seem ridiculously high anywhere else, but for a nice home you’re looking at 2M+ and then young kids, another 20-30k/yr in private school tuition.. you want to pull in at least 30k /mo after tax, 45k per tax and you’re already at 500k+ any extra savings you can invest or pay down the home.
    Feb 13 5
    • Oracle fghij9
      McKinsey And I want to be a billionaire
      Feb 13
    • CVS Pharmacy 🚬.🐰.
      Private school worth a damn here is 25-50k per kid per year. Don’t know if they give volume discounts, somehow doubt it
      Feb 14
  • New lazboy
    I think it's not the salary, it's the total networth. After we hit 2m, we stopped thinking about money. Now we make 800k a year from work and > 200k from investments for a net of > 1m$ per year.
    Feb 13 5
    • What are you invested in that you can get 10% cash flow a year off of just $2M? Or did you mean 10% appreciation like unrealized stock appreciation? Cause my $2M stock portfolio (mostly non dividend paying stocks) distributes just about maybe $15k a year.
      Feb 14
    • New lazboy
      Passive/Active investments.
      Feb 14
  • Microsoft 10c5292v
    $300k is more than plenty in seattle.
    Feb 13 0

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