Quote from gnome:
True. When I first started in the financial industry, I went to the College of Financial Planning. Then as a "CFP", I counseled people on their finances and investments.
Initially I had the notion that if I "made $100K", that would be nirvana. But as I met with clients, I found $100K was nothing. Most who had that income couldn't put $10 grand together... they had a bit better house and car... took a better vacation and paid for better schools for their kids... but they had virtually no money.... the greater tax bite consumed the rest.
So I thought, "magic number must be $250K".... guess what... SAME THING, mostly. I remember hearing a woman say, "just because my husband is a doctor and makes $250k per year, our friends think we have money".
