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*NY
*35 and 41
*Income is now $93K but was $30-$62K (starting from 15 years ago) while I was a SAHM. Now that I'm full-time and solid in employment, the net worth should grow quickly. Our bills and all expenses are around $2500K/mo now... and probably almost $1000 of that is for feeding us and three teenagers. I love to cook and so does our son. We hardly ever go out to eat because our food is almost always better. They have black holes for stomachs and they're all slim. It's incredible how much they put away and will eat again in an hour. The food bill goes down in the summer from our garden giving us so much, heat making us not want meat, and not having to buy stuff for making packed lunches for school. Again, we prefer cooking.
*NW is about $180K - house is clear but I got sick of fixing my wagon and bought a 3 yo loaded van last year with a low-interest loan.
I'm good with our situation... proud of it, even. It's a far cry from where we started.
In comparison, most of our peers are far from any positive net worth and I don't think too many are considering it at all. Their homes cost several times more (with taxes several times more), they lease new cars, they go on a lot of vacations, both usually carry heavy student loans, and while their incomes are probably double ours, they are spending most of it almost as soon as it comes in. You'd be surprised what conversations are had aloud... not that having problems with money changes much of their spending habits. Because Mom and Dad will pick up the cost of the kids' (who don't want to go but it's an IN activity) lessons. They marveled that I could be a SAHM and said I was lucky. Hmmnn. No- careful planning, budgeting, and learning how to do everything myself is not luck.
I went back to the beginning of this thread just to look at the net worth stated and to be honest I don't think there were that many high NW thrown around. Seemed a lot of retired people stayed away as well as the older ones still working otherwise there would be more millionaires in this thread. I don't think there was anyone here who posted a NW of eight figures, could be wrong.
Anyways I thought I would contribute
Most expensive city in Canada
47
65K a year
1M+
Note I inherited a third of a house and that alone gives me around 450,000. I also have around 175K company pension so those two assets are worth 625K which inflates my NW. FYI 65k a year for someone my age is peanuts. Also there are a lot of millionaires in my city due to inflated home properties. Saying you are a millionaire means jack squat living here.
And dropping! In Canada we get taxed to death but we have a marginally better medical system. Don't believe Roger Moore's outdated documentary on the Canadian health system. It was wrong then and it's only gotten worse. Line ups are goddamn long and your condition only gets worse when it's finally your turn.
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