Money buys happiness up until $500k

[aloe]

Reinforces my point. Oters are by and large extremely well off and seem disconnected from reality when it comes to money.

No. OTers are mostly well educated and have accountability to better themselves in their own lives.

 

[Grape_Ape]

Wo wo wo I didn't say I agree with minimum wage. Hell the company I work for is share holder run, with a portion of our shares going to our foreign workers at the end of the year.

I understand, I’m just pointing out that it’s real easy to say “just save money or spend less” sometimes and not think about why that’s not always an option. Especially now a days with inflation, housing and energy cost going through the roof

 

[Grape_Ape]

No. OTers are mostly well educated and have accountability to better themselves in their own lives.

Everyone on OT is a millionaire that could retire at any moment if they wanted to

 

[aloe]

Everyone on OT is a millionaire that could retire at any moment if they wanted to

Mf101 did

 

[Colleen]

I understand, I’m just pointing out that it’s real easy to say “just save money or spend less” sometimes and not think about why that’s not always an option. Especially now a days with inflation, housing and energy cost going through the roof

The save more spend less thought was towards someone making 500k a year. You end upgrading the things in your life as you have more money.

Were talking about different things

 

[SlickStick]

Reinforces my point. Oters are by and large extremely well off and seem disconnected from reality when it comes to money.

Are they though? Or do people lie on the internet?

Not sure what exactly we all have in common that half of us ended up being the top 8%. Some level of technical competency on the internets?

 

[Good Ol' Gil]

Uhhhhyeah.gif

 

[Beer Goggles]

"Money doesn't buy happiness" is a bullshit mantra meant to be adopted by the poor to make them complacent with being poor.

You don’t say

 

[intro_vert13]

Are they though? Or do people lie on the internet?

Not sure what exactly we all have in common that half of us ended up being the top 8%. Some level of technical competency on the internets?

seems like the majority here are college educated, mostly computer literate, thick-skinned millennials so...

 

[onyourchin]

seems like the majority here are college educated, mostly computer literate, thick-skinned millennials so...

👀

 

[sans_pants]

seems like the majority here are college educated, mostly computer literate, thick-skinned millennials so...

We are elder millennials

The fine ones

 

[Kafka]

Are they though? Or do people lie on the internet?

Not sure what exactly we all have in common that half of us ended up being the top 8%. Some level of technical competency on the internets?

I thought I said this but it was @Hisma

It is something I would say tho tbh

 

[sans_pants]

If it makes you feel any better hisma I will probably never pay off my school loans

 

[SlickStick]

seems like the majority here are college educated, mostly computer literate, thick-skinned millennials so...

No wonder @HUGE can't even afford Olive Garden

 

[SlickStick]

I thought I said this but it was @Hisma

It is something I would say tho tbh

Damn bro I almost tricked you into putting those words RIGHT into your mouf.

Nah I changed my mind on a reply and fucked it all up

 

[Scottwax]

First thing I thought of.

 

[atxmike]

Makes sense to me. When you make $80k you can live like you make $80k and if you lose your job you can probably find one that pays $70k+ easily. When you make $500k you have to live like you make $300k because at any moment HR could call you in for a layoff and wreck all your plans. You gotta keep $100k liquid to have a 6 month emergency fund. You can buy a $4mm home but never will save up for an $8mm one.

 

[JeffSTL]

Would you rather cry in a Honda Civic or a Ferrari 488?

Civic (Type R)



I don't want the leather in my Ferrari getting wet

 

[TenSteel]

"Money doesn't buy happiness" is a bullshit mantra meant to be adopted by the poor to make them complacent with being poor.

Simultaneous fact is that shitty people will be shitty at various income levels.

 

[TenSteel]

Makes sense to me. When you make $80k you can live like you make $80k and if you lose your job you can probably find one that pays $70k+ easily. When you make $500k you have to live like you make $300k because at any moment HR could call you in for a layoff and wreck all your plans. You gotta keep $100k liquid to have a 6 month emergency fund. You can buy a $4mm home but never will save up for an $8mm one.

Or maybe … just maybe ….


You don’t need a 4mm home and a bunch of extra crap.

 

[AndyP]

Or maybe … just maybe ….


You don’t need a 4mm home and a bunch of extra crap.

For real. Lifestyle creep gets people.

 

[AndyP]

One of our new partners (been working for 1.5 years now) bought a house, a Tesla and a plane in less than a year

 

[TenSteel]

One of our new partners (been working for 1.5 years now) bought a house, a Tesla and a plane in less than a year

Our tax guy described a similar story with a specialist physician and his family who somehow managed to feel like they were living paycheck to paycheck.


And here I am feeling like if I could boost our income by another 50k how much more comfortable we could be.

 

[AndyP]

Our tax guy described a similar story with a specialist physician and his family who somehow managed to feel like they were living paycheck to paycheck.


And here I am feeling like if I could boost our income by another 50k how much more comfortable we could be.

Yeah. It's unfortunately pretty common. People go to school/train for so long and just go nuts when they start getting a big paycheck. Once that starts, it's hard to stop.

 

[atxmike]

Or maybe … just maybe ….


You don’t need a 4mm home and a bunch of extra crap.

This thread isn't about essentialism, it's about peak happiness. Of course I don't need a $4mm home. But where I am $1.5mm is a 2br 1ba with termites and under 1k sq ft so it's not like $4mm gets you a mansion by any means.