Surprised this hasn’t come out yet. Or maybe it has but I’m just an idiot so I couldn’t find it lol. Just want to say that this is mostly a parody, not that serious, and just cause I’m bored, before all the angry comments come in - so chill. I’m well aware that making 6 figures is a huge blessing seeing as how some people cannot even put food on the table so we’re all super fortunate here. Also, one last thing I’d like to clear up before we begin is that everyone has a different definition of what is truly “rich”. I have friends that think someone making 80k is a baller. And just a couple minutes ago, I saw a post on Blind implying that people making 300-500k are rich. Personally, I think someone like Jimmy Fallon making 16M a year is rich. Anyway, I aggregated all this info and creates a rough tier list (ranges are exclusive): Tier S: 1M+ - “Fuck you” money - there is a certain allure to making 7 figures - very few things will be out of reach for you, other than some very expensive mansions and yachts - you are most likely top of your career so it’s not just the money but the power that follows ppl in this tier - very little to gain (imo) past this TC, you can blend into high-society here and retire early Tier A: 550k - 1M - “I’m a baller” money - here we have the solidly well off people, most likely a very senior engineer at FAANG or maybe some quant whiz kid with a couple years of experience - can afford to live comfortably in HCOL, send kids to private school, go on vacations a couple times a year, etc. - obviously the closer you are to 1M the better, but making over half a million definitely puts you in the “wow this guy is pretty baller” category since you’re making as much as a lot of surgeons Tier B: 350k - 550k - “I’m comfortable” money - arguably terminal TC for many FAANG swe’s - you can flex on the vast majority of ppl with this TC but in the back of your mind you know that you still have to work for a living - taxes in this bracket can suck the most - immediately puts a down payment on a multi-million dollar home in Bay Area Tier C: 250k - 350k “I do well for myself” money - arguably terminal TC for many non-FAANG engineers (but talented ones) - this is also when passion for more TC vanishes if you find a job with good wlb because unless you care for luxury, you can afford a good life with this TC - most likely drives a Tesla/Benz/BMW Tier D: 150k - 250k “Finally making some decent money” money - new grad faang TC - you think you’re hot shit but once you live in HCOL you realize this doesn’t go that far - you can flex on your friends from your hometown - you’re most likely still leetcoding - this category of people might spend the most because they are “new money” and make a lot in relation to other people but not enough to ball out Tier F: < 150k “I hate leetcode” money - you’re either a non-faang SWE, non-tech person trying to break in, or one of those dudes with 20 YOE that for one reason or another never hopped to a different company and refuses to leetcode - you most likely leetcode A LOT (or tried to do so and quickly quit) - you hate Blinders with a passion for being ungrateful rich people with no common sense - you dream about making Tier A/S type salary but don’t do much to get there, but complain about how leetcode interviews are stupid Edit: my TC is in Tier D (200k) 😢
This is a good post. Surprised no comments lol
Surgeons make that much money in the US? Shocking
What color is ur buggatti
People making less than a million in Seattle/bay area/NYC are poor
So where are you OP
Taxes in Tier A suck the most unless you know how to hide your $$$, but that’s prob Tier S.
Curious to know what would be equivalent of Top tier S in India in terms of compensation.
TLDR anyone?
IRS has left the chat
Good post. But you ignore the impact of net worth. Classic W2 wage slave mindset
Hell ya brother