traineeinvestor
Thinks s/he gets paid by the post
I guess LBYM still matters no matter how much you earn.
I have considerable empathy for a couple which outsources a number of tasks (like house cleaning) and uses daycare for their children so that they can both work demanding jobs with long hours and high stress levels. When we were both working we engaged full time domestic help for exactly that reason and to enable us to spend more time with the children when we are not working. I also have some sympathy with people who will be adversely affected by higher taxes (I will be one of them). But I still struggle to understand how a couple earning US$400K pa can fail to have a decent savings rate.
I have considerable empathy for a couple which outsources a number of tasks (like house cleaning) and uses daycare for their children so that they can both work demanding jobs with long hours and high stress levels. When we were both working we engaged full time domestic help for exactly that reason and to enable us to spend more time with the children when we are not working. I also have some sympathy with people who will be adversely affected by higher taxes (I will be one of them). But I still struggle to understand how a couple earning US$400K pa can fail to have a decent savings rate.