Ntang wrote:
Because the rationale everyone reflexively gives here - put the kids through college, own a nice home, drive a decent car, afford to travel, etc. - simply does not require a seven figure salary, except perhaps in the SF Bay area and NYC.
Well - what do you do if you want to live in these areas? What if you have family, friends, networks, etc. that are settled into NY or California and you desire to be near them? You have to make sacrifices and cut corners in some area of your life or the other. Either you work less, see the kids more, but live in a modest neighborhood and have them in public schools, perhaps having them take loans for college or you work more, see them a little bit less, live in a nicer neighborhood, put them in private schools, pay their college in cash, etc. These are personal choices and tradeoffs everyone has to make. It's not your duty to intervene in other people's desires or lives.
Ntang wrote:
Living in Raleigh, or Atlanta, or Nashville, or Cleveland, or Minneapolis, or Portland, or Phoenix, etc. etc., is not tantamount to social death. Sure, there are some **** cities out there. I wouldn't wanna live in Richmond, Peoria or Cheyenne either. But get a grip. And pulling down $250,000 in any of those cities will allow you to live a very, very rich lifestyle.
I really hate to bring this up, but I think pelihu has already so I don't feel like I'm popping the cherry on it. Things are (very sadly still) a little bit different if you are a minority. Most minorities will feel most comfortable in cities like SF/NY/DC/Chicago/LA/etc. because they have support networks in those cities and those cities are far more progressive and liberal than a city like Cleveland or Nashville. The same will probably go for members of the LGBT community - they won't be jumping for joy for job placements in Ohio or Wisconsin, regardless of what the relative cost of living, salary, and lifestyle may be like.
Ntang wrote:
A disclaimer: I'm 27 and starting my MBA this fall. I'd like to be that rich too, but I probably won't be. I'd rather spend the next 15 years of my life working a 40-50 hour per week job, taking every bit of my four weeks of vacation a year and doing work that is important to me personally, while having a solid relationship with my future wife and, hopefully, kids. If you work 80+ hours a week, I just do not see how you can do that.
I'm happy for you. You know what you want and I hope you get it. There's no need to criticize others for what they want.