I was looking at the master it seems like full time progression is now only 4 years. Is that true or am I missing something?
Yeah it was, told all the guys at work I was going to buy a mustang and live the life boy was I way off. Now I mentor these youngsters and tell them to save and buy a house for cash and wear a damn rubber or top rate wont hit for 18 years or so.That must have been one hell of a first top wage check!
Lifestyle inflation is a bitch.When you're looking forward to top rate you think it's going to feel like big money, but (depending on your circumstances), it turns out it's never enough. It's relatively good money, but the wants will always outweigh the paycheck. I'm top rate and my wife makes the same and when I drive through nice neighborhoods I'm like "man, what do these people do?".
Decent house in the suburbs in my area you're looking at $500K
Average new car: $37K
Saving up for kids college which could be the cost of a house.
Saving up for retirement where 7 figures is recommended.
Suddenly, $200K a year disappears pretty quickly.
Don't get me wrong, we're fortunate but a good middle class life costs a fortune now.