Quote:
Originally Posted by MikeWaters
I have a friend who makes 500k a year. I say he is well-off. 500k doesn't go as far as it used to. 100k feels like relative poverty compared to 500k.
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It really depends on lifestyle.
We had a physician earning that, but his wife gambled a lot and spent tons, so that amount kept him in debt. He had been earning about half a million a year for fifteen years, yet had nothing to show for it. They lived in our ward until they divorced.