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On I Made $570K Last Year, But I Don't Feel Rich (In Fact, I Feel Worried)
@ellabella Strongly agree that he is not wrong to worry about money and so on. Also, it's easy to be judgmental about the fact that kids don't "need" private school or whatever, but he's made a decision about how to raise his kids based on the resources he has available to him, and good for him! Hopefully he's not going around complaining to his "middle-class" friends about being broke or anything, but it doesn't sound like he is - it sounds like he is giving us some personal insight into his own mind, where he still worries about having money.
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On I Made $570K Last Year, But I Don't Feel Rich (In Fact, I Feel Worried)
@dj pomegranate Yes, I spend a lot of time talking to friends who have never owned houses about what money pits they are. I hopefully do not come across like the person above, but people seem to often go, "I'll save so much money over renting!" by calculating just the monthly costs of mortgage, insurance, and taxes (or worse, just the mortgage!), and in my experience - I've been a homeowner for nine years, of three different homes (not overlapping) - that's been less than half of what I've paid each year to live there. Maintenance has cost me MUCH more than my mortgage/taxes/insurance seven of the nine years. That said, I still don't really have any sympathy for this person, especially if they feel those are average cars. I get that the non-business cars (I'm just going to overlook the Lexus as a business-owned car) are not luxury cars, but a brand new Toyota minivan? That's a starting MSRP of $26k, but with most packages it'll be closer to $40k. All that said, I do understand where he's coming from on his past, living paycheck-to-paycheck, scaring him into feeling insecure. If he is worried about the value of his investments, truly worried that something terrible could happen, bad enough that he could never work again, sure, he'll be worried about money forever. But I think most people don't define rich as NEVER worrying about money. He says some of his friends are middle-class. I wonder what that actually means.
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On Open Thread
@stuffisthings It's been many years since I was there, but I've always loved the Science Center (and here's another emphatic vote for the aquarium - I've been to many all over the US and a few places in Europe, and it's one of the best).
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On The Triumphant Return of Do 1 Thing
That is such an awesome 1 thing, Logan! My 1 thing yesterday was a work thing I'd been putting off since January. It's kind of cheating because my boss called and told me to put it at the top of my list, finally, but it's still nice to have it off my plate. Today, my 1 thing is to start this damn writing assignment due next Wednesday.
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On Gates Back on Top
I'd never seen the tool that links to before, and found it really fun (I spent yesterday playing with this thing: http://recurringdevelopments.com/ so I'm feeling like it's a week for interactive tools on the web for me). What's really interesting to me is sorting "inherited wealth" from "self-made wealth": nearly all of those in the "inherited" category actually inherited companies (or parts of companies) that were founded by their parents or grandparents, so (a) they actually are partially self-made, since they work for/run the companies and help generate that money, and (b) it's kind of interesting that nearly all of them were self-made within the past 1-2 generations. I guess there's not much truly old money in that group.
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On Lines for a Variety of Situations Relating to Money
I feel sad because Logan seems to be suffering from broke-shame (in the same sense that I am suffering from fat-shame) that makes it seemingly impossible to handle things gracefully and ultimately is a barrier to getting better about the source of shame. :( Maybe I am just projecting because it is a problem I am having myself in another area of my life and it just sounds so familiar.
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On Friday Estimate
I know this is silly, but I am full of glee just thinking about you working in a baby store. Today: I spent $3 on breakfast and expect to spend $8 on lunch. Tonight I will cook at home with my dude, who bought us a huge haul of groceries yesterday, and then have friends over. Tomorrow: driving to St. Augustine for a day at the beach and also to see Star Trek on the IMAX at World Golf Village for a friend's birthday party. I expect we'll spend at least $8 on breakfast, $10 on snacks, $25 on lunch, and $35 on dinner, plus the $30 on the movie ticket and possibly $40 for gas. Eek. Sunday: Cheap day, hanging out at home. Might spend $20 at Walmart. Total: $147, not as bad as I thought. Maybe we can do some things to keep the price of the weekend excursion down, too.
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On The Next Generation of Job Seekers
Here is why I have a LinkedIn account: when someone Googles me, it is the first hit, and I control its content. Many people are unlikely to go past that first hit or two. I don't really need the first hit for my name to be a story in the Baltimore Sun about me fixing a toilet (as it was for years). I literally don't care at all about LinkedIn beyond that, other than making sure that profile is identifiable as me.
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On Charting Your Percentages of Pay Spent on Housing Responses
This is so cool! Mike, you're the best, as always.
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On I Made $570K Last Year, But I Don't Feel Rich (In Fact, I Feel Worried)
@katieeitak The money's going into savings. Let's note that he doesn't say "I feel like I don't have any money" or even "I feel like I don't have enough money to do everything I want." He just says he doesn't feel rich - in the definition of rich he has in his head.