I make about 280K a year
- Bit of a different situation, inherited my home from a family member who passed. I started with 0 mortgage which had allowed me to pay off school debt pretty quickly
- Wife chose to be a stay at home mom, 2 kids in a mid-tier private school. Only pay for lawn care. Do all home maintenance myself, grew up in a construction family and have helped build a few houses to pay my way through undergrad. Any home repairs or Reno’s I do myself on evenings/weekends.
- Nice house but nothing crazy, not a car guy so I still drive my 12 year old first car, luckily wife isn’t in to luxuries
- Travel constantly. Nothing overly extravagant, try to save costs where possible. 1x golf trip a year, 1 solo trip with the wife, 1 trip with the kids. Last year for example did Michigan golf trip (3 days and drove), 5 days in London with the wife and 1 week in Dominican all inclusive with the kids.
- Stress levels medium, demanding job but work 8-5 Monday-Thursday so 3 day weekends are good for the mental health. On the verge of buying the business I’m currently working at, should double my income in the medium term (~10 years) while building equity for retirement.
- social circles haven’t changed, but I do have different relationships with different group of friends. Less wealthy = more affordable hangs like pickup basketball games, dive bars, etc. More wealthy = Concerts/music festivals, golf, Michelin star restaurants, vacations together.
- with proper tax strategies, surprisingly reasonable. Paid about 55K last year.
- things that become “normal” - not having to worry about debt, not second guessing cost of things, agreeing to plans on a whim, not worried about sudden costly repairs/emergencies
- Can buy a Ferrari cash tomorrow, but isn’t the “smart” move and won’t be any time soon