The doofus needs to home school his kids for starters.
He’ll figure out something and write a book about it.
It looks like the Financial Samauri is trying to ‘join honorable ancestors’ with such spending.
Does this thread come with tissues?
“analyst”
three letters too many
He can vacation at home.
I wish I had $150,000…..I would talk to a good financial advisor and invest the lion’s share.
Some analyst. And he has a stupid and extremely inflated idea of what living comfortably means.
With that level of passive income he and his family could live quite well almost everywhere.
“ But by selling his stocks and bonds, he lost about $150,000 a year in passive income. ”
Duuuddde.
You are a financial samurai and you didn’t know this basic info??!!
I don’t know why posters are giving this guy grief. He’s right, that only the super-elite will be able to aspire to the quality of life upper-middle class families have enjoyed for several generations. And it’s all due to the inflation of fixed costs created by government policies.
Jackass...
“Another, who says THEY’RE a 60-year-old teacher nearing retirement, wrote about the importance of living conservatively and avoiding greed...”
You’d think the media could demand at least SECOND GRADE level knowledge of pronouns.
Weird.
He bought a house and still has such housing costs?
I guess he bought something silly. His housing costs imply a $3 million house, and he’s getting dinged for property tax.
We were living high on the hog in San Francisco while putting the kids through UC, AND creating a retirement nest egg.
Suggestions for the silly fellow - parochial schools. Cheaper house. Leave California.
“due to my inability to beat back real estate FOMO (fear of missing out)” = GREED!
good ‘ol fashioned GREED did this guy in (and his family)
ya gotta know when to hold ‘em and when to fold ‘em ...
“CHINESE STUDENTS TURNING BACKS ON UNITED STATES”
https://epaper.chinadaily.com.cn/a/202307/03/WS64a1f7d8a3109411cfdc8956.html
The math is only addition and subtraction, and comparing that result to your expenses.
He didn’t realize this before he bought his “forever home?”
If he dumps the Mandarin Immersion school, he’ll be OK.
I want to see a photo of the house and the property and the location. I suspect he bought himself a house and property that are too big in a neighborhood with high property taxes.
I suspect he wanted to maintain his status. That costs money.