Congratulations! That's a nice milestone, now make sure you don't get suckered into lifestyle creep. Use the new $ for your future self or for others.
Thanks! Definitely want to be mindful of lifestyle creep; I don't think it will be a problem on a day-to-day spending basis but could see the urge popping up when we plan to move in the next year or two.
Way to go, Virtus3! Upping your income by 2/3rds in only three months is a big, BIG deal.
One of the great things about this forum is you can come here to celebrate the things like this which might not be as comfortable with people you know in person.
Appreciate it!
Congratulations! (Please consider why you are having difficulty enjoying this accomplishment without guilt. Other people are responsible for themselves.)
Thanks. I don't feel guilty about receiving raises; more about feeling the need to share...
Totally badass! How did you land such a big increase in that short amount of time?
I agree, it does feel somewhat strange to be doing well when so many are sick or out of work right now. Maybe allocate some of your raise to charity, if you can.
Well as I said it was mostly luck. I received a performance bump in October taking me from $62k to ~$71k; we had two members of the project team I am on resign from the company the same week and the client floated me as a replacement. I have exposure to the position and many of the tasks but it's a big bump in role/responsibility hence the increase to $100k.
@Virtus3 That's Awesome! congratulations.
Years ago I had very similar jump in income. Additional cashflow will do you wonders if you focus most of it savings and investments. Automate it before even before you see it in your checking account.
There is nothing wrong in being successful. Best thing you can do for society is make sure yourself financially strong and family taken care of. You can give back to society from position of strength.
Thanks. I plan to max my 401k and am already maxing HSA. With that my take home will be approximately $500 more per paycheck (bi-weekly) than it is currently.
I want to boost my EF first and then will max my Roth. I'm curious what the tax implications are going to be as it will push my wife and I into the 22% bracket.
Congratulations! What's your new savings plan?
Max 401k, already maxing HSA, increase EF, then max Roth. I'm curious to see how taxes and tax flow will work out.