@JenH I hear you, but DC is the same cost of living as LA. I think part of the problem, as I mentioned up top just now, is that debt is not considered when talking about income. We should probably be talking about debt as part of conversations about income. (I'd love to see how the "you make more with a bachelor degree" data works with average student loan debt, for instance.)
@poptastic This is definitely true. My broad plan has always been "make as much money as early as possible, then figure out what to do next," so if the bottom falls out of my career I've got a few backup ideas, slash I can always turn into a househusband. @lizard, everyone else: Do you all really think that "rich" means "top .5% of income for your city"? That's kind of extreme! I'd also point out that I can save this well because I have no debt, which doesn't usually get factored into conversations about income. All of the "median income" numbers should also imply "median debt held."
@Mike Wachs@twitter FALSE
@Megano! You never know! Maybe you'll realize in a few years that all along you've wanted to be a [copyright lawyer/statistician for a major insurer/real estate mogul]
@TheclaAndTheSeals It's best to find a helicopter broker rather than buying one on your own. #RichDudeTip
@Clare Hah. They pay me when they get to it. Most of them are net 30, so I get a check 30 days after I invoice. All of them mail me checks, although I think some have given me the option of doing direct deposit and I just didn't take them up on it. I set aside most of my check for long-term savings, which includes stuff like year-end taxes, mostly by not putting it in the checking account I use for day to day expenses. However, I just saw an accountant, and soon I will be incorporating, which means all my clients will pay my company, and I'll draw a paycheck from my company as an employee. Much simpler.
@TheDilettantista Yes. And I know people who choose to make less money, and just work 2/3rd of the year. If their rates are like mine, they'd clearly still be pretty well off! I'm too high anxiety/type A to do that though. If I stop working for more than a week I get jittery.
@TheDilettantista My company shut down there 401k program a year after I joined them. They also bumped up my health insurance contributions two years into the job. This is part of why I left to go freelance. Once they bumped up my insurance, I ran the math to see what it was costing them/me, and what it'd cost to self-insure. The swing was about 5000 more dollars spent on insurance per year, which is a bummer but is also far less than the money I'm making. I actually went through an insurance broker for a while, which is a real job that exists, and he got me on some solid individual insurance. Then I got married, and now I'm on my wife's school's insurance. Marriage! My personal experience has been that you get about 25% extra in little things - vacation days, health insurance, 401k matching - when you're staff. I make about double what I was making when I quit, so it works out for me.
@eraserface Don't feel guilty! You're doing great!