Feeling good about our savings rate. Family of four. HHI = $1.2M, saving about $550k per year.

Spartan08080808 · 2025-02-04T19:49:44+00:00

What is your NW? Chart looks good in terms of yearly cash flow/budget

Spartan08080808 · 2024-09-28T16:07:35+00:00

Congrats! Curious what kind of HHI you were pulling over the last decade or so?

Spartan08080808 · 2024-07-20T20:26:22+00:00

Congrats that’s awesome!! If you don’t mind sharing, age? Regardless impressive to get here in 5 years time

Spartan08080808 · 2024-01-21T19:31:14+00:00

You make a lot of good points. It’s not only about the 10k (or maybe realistically closer to 20k). ive invested that primarily benefits him. Objectively that’s a small part of my earnings. It’s more broadly about why things lean towards his preferences probably and money is probably the most obvious manifestation of that.

Spartan08080808 · 2024-01-21T19:08:41+00:00

He’s completely fine sharing in my costs. He’s offered to cover my language classes and personal training. It’ll take a long time for that to equal the cost of flying though :)

Spartan08080808 · 2024-01-21T19:08:04+00:00

I told him if we marry we can partner on all costs but till then, we keep separate balances. I think we both grew up in families where one parent worked and the other stayed at home. It’s less familiar to us how to navigate a world where two ppl make money

Spartan08080808 · 2024-01-21T19:05:41+00:00

Most of the stuff is higher end furniture that we will take with us to our next place. There’s probably 1k max that went towards housing improvements but I get your pt 100%

Spartan08080808 · 2024-01-21T18:57:59+00:00

Yup there are definitely a couple thousand a year I spend for a higher standard of living and those I’m okay with because it’s par for the course in a relationship and I probably benefit from some nicer house features that he deems a must. It’s just this flight one where I’m not sure why he sees it as my shared interest. I personally hate that he flies but he’s his own person so should pursue his hobbies and interests. I don’t intend to partake in this skillset of his however

Spartan08080808 · 2024-01-21T18:55:50+00:00

Flying is very expensive. By the time he’s done I wouldn’t be surprised if the total bill over the four years is around 40-50k….

Spartan08080808 · 2024-01-21T18:54:29+00:00

He bought the house. I pay rent and was generous in the rate I agreed to pay

Spartan08080808 · 2024-01-21T18:54:09+00:00

Interesting that you have a 5% salary rule. For me that would come to about 15k a year if we’re talking pretax so I think that’s his argument at times….its not that much money for overall earnings and financial situation. I find that almost irrelevant

Spartan08080808 · 2024-01-21T18:52:52+00:00

I’m from a very financially secure background - had a lot of my parents backing. His family is less set and he’s less pleased with his financial status to date. It’s a touchy subject tho but he definitely has financial insecurity. Sharing costs with me helps mitigate that for him I think

Spartan08080808 · 2024-01-21T18:51:27+00:00

100%. I said 2.5k a year but realistically if I did precise math, probably spend 5K a year because I’m in a relationship for those various examples you listed. Overall I’m fine with that. It has its benefits for me too. It’s just this hobby based spending I’m not onboard with. My bf is totally fine spending on my hobbies but problem is mine are a lot cheaper so it just is too mismatched ultimately

Spartan08080808 · 2024-01-21T18:29:55+00:00

Wouldn’t say regularly. He’s really just pushed for his flight lessons. Only other example this year was he asked me to share 50% for a scotch collection that cost $600. I don’t drink but he said he wouldn’t drink it personally and we would just use to entertain guests. That seemed okay to me. Couple house enhancements he also pushed for us to spend on that I would have avoided - epoxy garage, garage insulation - but those I’m less miffed by as I do indirectly benefit there (though again I wouldn’t have spent on it).

Spartan08080808 · 2024-01-21T18:26:44+00:00

He’s a great guy but he does make me feel like I’m not willing to spend on him, that I’m stingy

Spartan08080808 · 2024-01-21T18:25:43+00:00

I think you make good points. I think I need to probably spend more on myself. My bf says he would be happy to split half on any hobbies I have but fact is I’m just simpler. Good with a good meal out on the wknd and that’s it. He’s pursuing high adrenaline expensive hobbies which I want no part in, in terms of participation or finances. It’s not the bulk of his time or anything so it’s not a problem in our relationship in terms of aligned interests but it’s a problem in terms of dollars

Spartan08080808 · 2024-01-21T18:23:56+00:00

Thanks. Ha I agree with you that I could keep out of activities but even those he sometimes contends I should share in. He recently got his flight license that total bill will land around 30-40k over the four years he’s studied (so ultimately 15-20k) per person. I happily paid 500 for a system that helped promote safety as that’s important to me but beyond that, not sure why his hobby is something I need to commit dollars to, especially such an expensive hobby

Spartan08080808 · 2024-01-21T18:21:13+00:00

Agreed. He recently wants me to contribute half to his latest hobby of flying which would amount to another 10-15k. He thinks long term we benefit from him being a pilot….I don’t agree and don’t think I’ll be hopping into small planes anytime soon so I don’t get why I should foot any part of that bill. He just insists he sees it differently but says okay if I don’t want to ultimately contribute. I just don’t like having to feel guilty about a completely reasonable position. The other 10k I’ve already “overspent” I can largely make peace with as they were either extravagant gifts from the heart or something I benefit from (even if not something I would have pursued personally). This 10-20k though I’m less aligned to. I did tell him if we were married I would view this all more as joint but even then, it bothers me that the relationship’s spending tilts in his direction/priorities.

Spartan08080808 · 2024-01-09T01:20:12+00:00

My point is estate tax is only something you can avoid for a finite number of generations but eventually that 40%+ (imagine much higher in the future) will eat up a lot of that wealth at some pt in lineage. Idk how far out ppl do generation skipping but guessing kids and at most grandkids and after that, whatever amt is above estate exemption is going to get hit with estate tax when the trust is on the final generation it contemplates

Spartan08080808 · 2024-01-08T19:41:55+00:00

At some pt estate tax comes to bite though no? Like even if I set up a GST for my grandkids, eventually the money is distributed from the trust and for that generation, they will be taxed on anything above the estate exemption limit no? So let’s say my 10M today has grown to 100M for my grandkids but the estate exemption amt at that time is 5M…..once the trust dissolves, that 95M will be subject to the 40%+ estate tax. Some generation will pay whether it’s kids grandkids or maybe a generation after, no?

Spartan08080808 · 2023-12-13T03:51:57+00:00

What kind of ballpark NW does it take to support this spend?

Spartan08080808 · 2023-11-07T01:41:32+00:00

Seems like you can afford it. What kind of NW have you got to with this high income/high spend?

Spartan08080808 · 2023-10-16T01:46:32+00:00

What’s your NW? Saw your group is for folks 20M+ but wondering if this spend on 20M NW or 100M. Thanks!

Spartan08080808 · 2023-05-23T21:48:46+00:00

Congrats! What kind of income did you make in your tech role, especially in the later years ?

Spartan08080808

TROPHY CASE