Wow, guys. Wow. Okay, I'm clearly not on the same page as a lot of other commenters here (except in that I found this to be a really interesting interview). It sounds to me like Jake's got his head on straight and is trying to do as much as he can for himself and his family. I was glad to read a perspective that we don't normally hear much here. This guy is way ahead of me on the life path, and I'm definitely more in the "wealthy is a state of mind" camp than most, but... when you have so many financial things to worry about, I am certain that it's pretty hard to avoid worrying about your finances. A lot of us are just at a different life stage than Jake. Having kids who depend on you and a marriage and strong roots in a town make a huuuuuuge difference. If I had kids, I would never ever feel comfortable in my financial situation, no matter how objectively great it was. Plus, the economy is pretty bad still, and 40s are the time when mortgages and kids' tuition and retirement planning can all come to a head, so that's a pretty huge problem, especially for someone who still has $90k in student loans. Don't get me wrong, I wish everyone could stress less about money. However, I think going "no, trust me; you're rich" to anyone who makes more than you doesn't really help anything. This is a community for discussing financial issues/fears, right? If you can afford to hang out on the 'net (or go to yoga/live in a big city/choose to try and wait out your dream field/go to the bar with your friends or eat out on the regular, like a lot of us do), you're richer than a lot of people too. You don't see them going, "boo hiss get off The Billfold and call a wahmbulance." < / rant >
I'm not feeling any bewilderment towards this guy. It seems that he acknowledged repeatedly that yes, he IS rich and he knows it. Yet due to anxiety he constantly frets about what tomorrow might bring. He sounds like a sensitive, worrier type. Being a doctor, he probably deals more with death and insurance company BS than your average person does, seeing families lose their loved ones/savings because of illness - that's enough to keep anxiety at a constant hum if it's something to which you're predisposed.
Whoa, I'm not sure I understand why everyone is being so harsh on this guy. I think for many people, "rich" is such an abstract thing that it's hard to recognize in your own life. When your day-to-day is taken up with mundane tasks and a lot of justifiable worrying about the economy, future college spending, perceptions of those around you (and it's pretty audacious to expect others' perceptions to *never* affect you), etc., I can understand how you wouldn't feel "rich." If you were flying off to TED summits every other weekend and sent your kids to boarding school in Switzerland, okay, that's pretty obviously rich. But for the vague amorphous "upper middle class," it's a very subjective line to draw between "financially rich" and "financially not rich." Also, anyone who was an active investor during the financial crisis can understandably feel much less secure no matter where their current income/investment levels stand. It was scary. Watching money basically evaporate and supposedly sound institutions (and their previously enviable employees' salaries!) disappear overnight leaves a bitter taste in your mouth for years to come. With that understanding and fear that nothing will last, it's hard to feel totally secure no matter where your income lies.
I think coming from a place of thinking you have to pay for your kids' undergrad with cash is really hard, because of how crazy the costs have gotten. So he's thinking he'll need half a million just for college, not to mention private school, if they do that -- I don't know, I'm just saying I can see where an upper-class but not extravagant life is really expensive, and being a sole earner must be scary.
By ATF@twitter on Friday Estimate
Ha. I’m in Boston. The city is a ghost town. SO. I have been in my apartment all day. Work was canceled. Things are super, super clean around here. Tonight: remaining locked in my apartment until they suggest it’s safe to leave. Might leave at some point to go get dinner with my boyfriend. I think a lot of the restaurants in the North End are open. So I could spend $0 to $40ish Tomorrow: Not doing a One Fund 5K as it has been canceled. Not seeing apartments as that has been canceled. Will go for a run with the boyfriend if we’re allowed. Supposed to go to dinner, drinks, and bowling with friends. Bowling place is in Cambridge, so no idea if this will happen. So I could spend $0 to $75ish. Sunday: Am not even thinking that far ahead. So. Could spend $0 to something more than $0 this weekend.
By Marissa on A Thread That Is Open
Does anyone feel like it’s easier to save/hoard money the more you have? Some months, I’m a little over or at least too close to my budget and I think “Oh well. I’ll do better next month. Let’s go buy some fancy cheese!”* But months like this one where I find myself with a surplus even after depositing my tax returns directly into savings, I feel like I’m on such a roll that I become extra careful about spending. Anyone else? *Because honestly, a good portion of my fun money goes toward brie and chevre.
In response to II, AS THEY SHOULD BE! High school kids should be thinking about this mortgage sized debt they might take out just so they can go to Dream School. Actually thinking about student loans before borrowing might help combat students not not knowing what they are getting themselves into.
By joyballz on Friday Estimate
@highwaysofgold dear jesus it better be warm by then for both our sakes. it really depends on where you're staying. Hopleaf, Handlebar and Watershed are all places that I'd take guests and they're all in different areas. Metropolis, Dollop, Kickstand and Wormhole are my favorite coffee shops. Also in different places. If it's even close to nice out, grab a coffee/treat from Little Branch (tucked in the first floor of a condo on 13th and prairie) in the south loop and walk towards the planetarium. Look West. Whether you actually go into the planetarium or not is up to you. Haymarket, Half Acre, Goose Island and Revolution are all cool breweries and the ones I've eaten food at have been delicious. Have fun!
By stuffisthings on Friday Estimate
The little stipend that could!
I'm probably the only one who is going to say this, but I wouldn't split the cash with anyone or even consider it... for all you know, your sisters could have sold some of the "fine" jewellery. I'd probably just sell it and not say anything. It doesn't sound like it has much sentimental value since no one has said anything for several years and realistically it sounds like it would just sit around gathering dust.