Originally Posted by
stlokc
Everybody has different priorities and expectations for their life. It's very hard to say either $100,000 is a "substantial" income or that it's "not much money."
Suburban St. Louis is not that much more expensive than suburban OKC but I can tell you that in my experience, $100,000 isn't getting you very far if you are a family of three and you are:
-paying for day care for a toddler
-have a slightly better than average house with a mortgage
-want to take a nice vacation every year or two
-want to save for college so you/your kid won't have to take loans
I mean, I don't want to "show my privilege" and of course people do it all the time, but my opinion is $100,000/year is fine if you can truly get there in a few years and use that as a stepping stone to the next thing but as a final goal in life, no thanks.
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