Author Topic: If you made precisely $400,000 a year how would you live differently?  (Read 6689 times)

ender

  • Magnum Stache
  • ******
  • Posts: 4864
Re: If you made precisely $400,000 a year how would you live differently?
« Reply #50 on: September 08, 2019, 07:08:28 AM »
In all honestly, if my income jumped up that much we would probably save more and give away a ton more.

We'd probably spend more on housing as we've talked some about wanting to build a dream home on an acreage someday anyways. If we had that kind of income we could save enough cash to do it in about a year or two anyways.

OurTown

  • Handlebar Stache
  • *****
  • Posts: 1162
  • Age: 49
  • Location: Tennessee
Re: If you made precisely $400,000 a year how would you live differently?
« Reply #51 on: September 10, 2019, 02:51:27 PM »
Hmm.  I might be able to join the Class of 2020 cohort!

nancyjnelson

  • Stubble
  • **
  • Posts: 108
Re: If you made precisely $400,000 a year how would you live differently?
« Reply #52 on: October 04, 2019, 07:37:58 PM »
I would stay in better quality AirBnBs when I travel.

NorCal

  • Pencil Stache
  • ****
  • Posts: 741
Re: If you made precisely $400,000 a year how would you live differently?
« Reply #53 on: October 04, 2019, 08:06:06 PM »
Easy enough for me to answer.  Oddly enough, we make just shy of $400K (joint, pre-tax) today.  We save about 60% of our take-home pay.

Things in our life that are more expensive than "normal" (whatever that is):

1. We spend $35K/year on daycare for two kids.  I'm really looking forward to reducing this expense as the kids get older.
2. We bought a nice house in an upper-middle class area at $700K.  In hindsight, I wish we had bought something slightly smaller.
3. Our food budget is somewhat high, particularly compared to the crowd here.  We frequently eat out after a busy week.  I do bulk cooking, but it does involve a decent amount of meat.
4. We pay for a house cleaning service.

Other than that, our expenses are probably slightly higher than the mustachian average, but not higher than the average consumer sucka (making considerably less) spends.  Our vacations are roadtrips, we don't have fancy cars, and we don't do much shopping.

EscapeVelocity2020

  • Handlebar Stache
  • *****
  • Posts: 2337
  • Age: 45
  • Location: Houston
    • EscapeVelocity2020
Re: If you made precisely $400,000 a year how would you live differently?
« Reply #54 on: October 04, 2019, 08:18:20 PM »
Depends on if I like the work or not.  So far, most have assumed that the job sucks (long hours, high stress, etc.) if it is paying that much, but MMM himself claimed to make 400k/yr on this blog and it is still up and running.  He hasn't changed his life much (except test driving Teslas and owning a HQ) and seems pretty content to keep it going.  I make a better salary now and the job treats me much better, has better benefits, and respects that I can manage my own time much more than my former, lower-paying consulting job did, so I'd assume I'd keep working for that great salary until I didn't enjoy the work enough to trade away my time.   I also look up to Bill Gates and how he uses his time and wealth - it would be fulfilling to use my windfall to pursue greater philanthropy than the little bit I currently do.