Yeah, that’s rough for you now, but once you pay those things off you’re going to be well off
My friend has a family of 6 in SF bay area (one kid in college) and he spends ~120K per year. That’s not abnormal when he has nothing to pay off anymore.
Yeah, I make well over $200k but between general COL, family medical things, a lot of past debts, and zero investments - I’m basically check to check right now.
iopq@lemmy.world 3 days ago
AlecSadler@lemmy.blahaj.zone 3 days ago
That’s the goal! Unfortunately it’s quite a few years off even if I can keep it up. I’d argue maybe by the time I’m 45-50 and I still have retirement to rebuild.
Iceblade02@lemmy.world 3 days ago
If you’re living paycheck to paycheck on a $200k household income, it sounds like you might want to rethink your budget.
Truscape@lemmy.blahaj.zone 3 days ago
If they live in the US, medical debt and/or student loans will eat away at anything they’d try to set aside swiftly.
Iceblade02@lemmy.world 3 days ago
Even in the screwed up US system there’s something wrong if you’re struggling to break even with a 200k income. That’s a household income in the 84th percentile for the US, or the top 2% globally (adjusting for PPP).
AlecSadler@lemmy.blahaj.zone 3 days ago
Long story short I had to liquidate my retirement and go another half a mil into debt. Is what it is. Life happens.