inspired by the $2mil apartment post. What do you make? What does DH make? Say if it's base salary, bonus, commission etc.
I'll start - DH - $225k - about 15% of that is bonus. Me - $140k no bonus.
ETA: We're in our late 40's, live in NYC. ETA again: I feel "UB poor" in our friend group. We have a very small 2 bd in Manhattan and we never take the sort of vacations our friends do.
What I feel is always missing from the polls is other questions which indicate what type of QOL you can achieve with that salary. I know people making very little, but they have no housing costs, others I know have no childcare costs, others might live in a low cost of living location. Also, as a young poster, I feel like age is important to mention too. Making $500k at 32 is very different than making that at 42 or 52.
Guess I assumed we are mostly tri-state area here (except for Vermont ER mom!).
@anonymous haha, VT ER mom here. Sometimes I feel like an interloper, but I did live in NYC for four years!
@Anonymous Please stay! Your point of view is always interesting and often helpful.
So I will preface this with the fact that DH does our taxes, and I don't know exactly what we make. But I do know we make enough that I don't really have to think about it. It's not high by NYC/UB standards, but it's more than enough for us.
I think we make about 300K. I make 200K of that, and he makes the rest. We are both 40. 2 kids, 2 dogs, live in New England.
I work roughly 70-75 hours per month at a hospital, and 20 per month doing admin duties from home.
I've always been a "work to live," not "live to work" sort of person.
I love the amount of free time I get, for the amount of money I still make. This schedule also allows me to do fun things like work at overnight summer camps for a week, or on cruise ships once or twice a year.
Of course, I'm about to muck that all up. I'm considering going back to training for a year to expand my scope of practice. It will possibly be more meaningful work, but the amount of free time I have will likely go down. I will also likely make less. It's a big decision.
I make 220 plus a bonus a bonus can be anywhere from
a few thousand to a few hundred thousand depending on the year. Dh makes about 250 which includes bonus. We have no housing costs, but live in a small house that is in desperate need of an upgrade but I am reluctant to put more money into it bc i am trying to plan next move. Kids are out of house in 3 years!!!! We are late 40s!
How do you feel making over $500k HHI yet living in a small house?
Some days I feel fine with it because there is no pressure and we are putting my daughter through college soon so there is lots of extra cash. Other times I feel like total shit. Mostly though 500k does not go as far as you think. a few cars, a vacation or two, summer camps, 529 contributions etc. before you know it it’s just not a tremendous amount.
@Anonymous I was asking because my HHI is similar and I also live in a small place (1 bathroom). It's great to have low expenses and no stress, big savings cushion. But then sometimes I can't understand how such a lot of $ is really a lot less than one would think.
DH made 1.3 last year, not sure of the exact split but something like 450 base and the rest bonus. I don't work. 40s, NYC, rent don't own. We're not fancy, clubby people so the kids go to public school and we have an old farmhouse in a fabulously uncool area. We spend our money on travel and dining.
I want your situation! Especially the farmhouse in an understated location
I make 800k. 400 base and 400 bonus. My husband is commission-based. Last year he did 800k too (previous years more like 600k); this year, he's already tracking 1.4M. It honestly feels a bit like funny money to me. Neither of us grew up wealthy. We owned 2 homes; sold our NYC apartment (2M) and are living in our 700k beach home. late 30s / early 40s. Finance
^ same poster. I'm also thinking about quitting my job. I want to get off the hamster wheel and downshift our lives.
I have a stable teacher admin job with the city - make 110K - summers off (so it feels like I make much more and can easily pick up extra side work/bonus work) - granted I got two masters degrees for this job and will retire with a decent pension/health coverage for me and dh. DH makes about 210K + small bonus. He works in tech and cashed out a lot over the years which has nothing to do with his salary but puts us in a nicer lifestyle than our income would suggest.
I'm mid-50s, make 2.5, lawyer. DH is an executive, I'm not really sure what he makes but it's a lot less (like by an order of magnitude) and varies depending on how the business does.
anyone want to guess OR's unit? 2.5 million? 2.5 dollars?
@Anonymous OR, it was less than 2M.
Nice. Do you work at a law firm or in-house? Is your comp all cash or some deferred? Congrats on your success!
DH and I make about $170K combined. Both work FT (50/60 hour weeks). 2 kids. No help from family/nanny. Live in NYC. Early/mid 30s
How do you both work full time with no help. Do you work one time frame and he another or do you use daycare?