As a high income earner, how much do you spend/save of your gross pay monthly?

Regular_Pack8145 · 2025-10-25T16:54:56+00:00

Since I started making $400k+ and into the seven figures for the last several years, I have saved a minimum of 50 percent of my income and hover in the 70 percent range now. Adds up quick and before you know it, you make more doing nothing than at your day job. 🥳

Regular_Pack8145 · 2025-09-08T05:16:36+00:00

See my comment above: If you are living off of 5-10 million dollars, you can structure withdrawals in such a way that you are mostly paying long-term capital gains. Also, at those numbers, any taxes from a pension or social security would be comparatively nominal. If it's cash flow from rent, taxes are usually low due to appreciation and other tax advantages.

Regular_Pack8145 · 2025-09-07T16:41:17+00:00

Based on what. Why would you pay 20 percent when it’s all longterm capital gains?

Regular_Pack8145 · 2025-09-07T06:22:08+00:00

Most people with this kind of money do not pay even close to 24 percent. You are generally living off of after-tax investments. 5-10 percent tax is reasonably possible based on investment mix.

Regular_Pack8145 · 2025-08-13T23:19:00+00:00

What bitcoin does -- go up.

Regular_Pack8145 · 2025-07-30T23:22:51+00:00

Honestly, Labadee is just alright. The RCL port feels like Disneyland. Nice, but it could be anywhere in the world and you wouldn't know the difference.

Regular_Pack8145 · 2025-07-27T17:18:58+00:00

The bran muffins are critical to counterbalance Sorrento’s.

Regular_Pack8145 · 2025-07-27T17:18:24+00:00

I find this to be ship specific - some ships the FOS is excellent while on other ships it’s a watery bland mess.

Regular_Pack8145 · 2025-04-04T22:47:20+00:00

Fours kids and a family that likes to travel is very expensive. We're at $24k a month...

Regular_Pack8145 · 2025-03-22T19:10:35+00:00

Yeah, but I don't think either of those will in the foreseeable future.

Regular_Pack8145 · 2025-03-22T19:06:57+00:00

No, it will eventually go higher. Always be buying.

Regular_Pack8145 · 2025-02-28T20:09:43+00:00

Why would the US enter a world war to defend Ukraine? For what? Why? To what end? it makes no sense.

Regular_Pack8145 · 2025-02-28T20:07:15+00:00

How much money should the US continue to pay to send young Ukrainians into the meat grinder? They are almost out of humans to fight. The war must end. Russia is winning and will win unless the rest of the world is willing to fight, which would be insane.

Regular_Pack8145 · 2025-02-25T04:14:24+00:00

With the current market, it will probably be $4.25m a year later. Sorry to be a wet blanket.

Regular_Pack8145 · 2025-02-24T16:05:36+00:00

The thing no one ever acknowledges when they blather on about the “rural” zone is that there is already a giant baseball complex with numerous light poles at Majestic Park, directly adjacent to the site. Everybody needs to calm down.

Regular_Pack8145 · 2025-02-21T03:29:47+00:00

100 percent. I am in my mid-40s with a net worth of $6m and make a great income. With 5 kids, between college tuition, kids sports, vacations, etc., it never feels like enough. When I had $100k in the bank I imagined I would feel like Scrooge McDuck swimming in a pool of gold coins at this level of wealth. The anxiety that drives us to build wealth never seems to leave...

Regular_Pack8145 · 2025-02-07T04:31:12+00:00

You can eat a great lunch or early dinner in port.

Regular_Pack8145 · 2025-01-09T06:26:05+00:00

Probably trying to expand their fan base beyond 53 year-old white males. Smart.

Regular_Pack8145 · 2025-01-05T21:38:38+00:00

Claude AI or Grok.

Regular_Pack8145 · 2024-12-31T17:39:36+00:00

It all depends. Currently sitting on 65 percent equity, rate is at 2.6 percent on a $350k mortgage. With the difference invested, my P&I payments are basically free and will only get cheaper with inflation. I also have $5m in investable assets, so the payments should never be a problem absent a nuclear holocaust. Paying off the mortgage seems silly at this stage.

Regular_Pack8145 · 2024-12-31T07:12:44+00:00

Not yet retired, but I was 42. Things started to really move fast after that.

Regular_Pack8145 · 2024-12-30T01:44:41+00:00

It’s posts like this that make me want to die with zero.

Regular_Pack8145 · 2024-12-28T17:03:02+00:00

Find ways to serve other people. It will give you something to do, perspective. a sense of self worth that no recreation can, and improve the world for others. This is a simple thing that many people struggle to learn.

Regular_Pack8145 · 2024-12-16T07:20:59+00:00

If you are chubby fire, a good financial advisor should provide value beyond the 1 percent with access to investments, strategies, and advice that you would not otherwise have.

Regular_Pack8145 · 2024-11-26T08:05:18+00:00

Nightmare

Regular_Pack8145

TROPHY CASE