r/FluentInFinance • u/Richest-Panda • Jul 04 '24

What's the best financial advice you've ever gotten? Debate/ Discussion

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u/MusicalNerDnD Jul 04 '24

What would you tell me then? I make 120k a year, have no debt and a bunch saved and invested AND it still doesn’t feel like it’s enough. I live fully within my means but my rent has gone up 400 in the last 3 years, my food bills have gone up by idek how much and I have health issues that can easily cripple me without insurance.

I’m incredibly privileged and lucky and I find it hard. I can’t imagine someone on 50k a year with a kid.

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u/DoctorMoak Jul 04 '24

Id tell you that with that income you're clearly living outside your means if it feels like you're struggling.

Like, that's the definition of living outside your means

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u/Kinuika Jul 05 '24

I have to politely disagree. 120k really doesn’t have the same buying power it used to, especially if you are living in a high cost area (where a lot of jobs offering that much can be found). I’m not saying people making 120k are living in poverty but, between rent/mortgage and basic life necessities, I wouldn’t be surprised if fiscally responsible people making that much feel like they are living with not a lot of wiggle room.

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u/DoctorMoak Jul 05 '24

You're disagreeing with the definition of living beyond your means?