• Alteon@lemmy.world
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    11 days ago

    Most people that are making that kind of money are pretty smart. They have multiple investment strategies, multiple places that they store their money, and typically have some sort of easily accessible nest egg (like a mutual fund or crypto). I guarantee about 3/4 of them have enough to last AT LEAST 6-8 months without a job before things started getting a little tight.

    If your living within your means and making that kind of money, you don’t really have to worry about losing a job or things breaking down, or other big issues (short of medical emergencies).

    • Em Adespoton@lemmy.ca
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      11 days ago

      That must really depend on where you live, because I know a LOT of people making that kind of money who aren’t living extravagantly, but are definitely not living within their means.

      They could be, with proper money management and a decent budget, but they generally aren’t. The type of income in that zone often tends to come with jobs that require physical presence in an area that’s really expensive to live, with expensive childcare and a need to have it; often people also own a mortgage and a car lease and eat their lunches at restaurants as part of the social networking needed to maintain employment relationships.