Originally Posted by Posaune
I've never even gotten close to 6 figures, even when you adjust for inflation. I seem to have everything I reasonably want. What is your definition of "not very much money?"
People talked about six figures, as in $100,000, in the 80's. That was 30 years ago. $250K is now an affluent income.
Draw up a $100K gross income budget for a family of four spending 15-20% on food in order to be healthy instead of the 8% Americans spend passing those costs to the sick care system, saving for college and retirement, mortgage and a car payment, school fees (what used to be taxes), energy costs and then show me what cities have affordable housing in good school districts.
Hell, with four kids I spend about 4% of the after tax income at that level on ski passes, and they are cheap here. Teenage boys eating a quality whole food diet? How's $2K per month sound? College for four? I'll just pick up that cool half mil I have laying around.
$100K is nothing in a country that has chosen to have the individual bear all risks. Most Americans are a single medical event away from bankruptcy.
Now, that doesn't mean you can't buy a lot with $100K. It's just smack in the middle of the no-man's land of having a JOB (Just Over Broke), not some emerging point of financial independence that it may have been 30 years ago.