Few points
with a well diversified NW of ~12M, including a paid off 2M house and annual income of 1M.
- He/she is two years away from kid going to away (college). Will you need big house in less than 2 years?
- NW is only 10 times of current income. Also, expenses are high (300k). If one loses the job, other's income will only support the expense, not mortgage. You will need to dip into your NW to support your mortgage of 3M (Assuming 2M from current house goes to down payment). You are looking at 22k per month in mortgage + Property Tax + Insurance + Maintenance = @ minimum 26-27k per month or 325k annually.
- AI is replacing many jobs very quickly. I will not be surprised if many tech job categories are no longer there in 2 years.
Statistics: Posted by NYGiantsFan — Wed Sep 24, 2025 2:37 pm — Replies 44 — Views 2933