> $320K at Amazon this year. I’m 32 and have been here 7 years.
If you don't mind, can you please share how much net you project to save this year after all taxes and expenses? Sorry if this is a little weird but as a poor person I'd imagine expenses to go up with higher income for ordinary people resulting in not that much (proportionately) savings.
My salary is $160K (that’s the max your salary can be at Amazon). The rest of my compensation (remaining ~$160k) is in restricted stock unit vests. I save 100% of that $160K after taxes. I max out my 401K from my salary. I also save 30-40% of each paycheck.
My husband and I don’t eat out 11 months of the year. The 12 month is a vacation where we travel within the US for a week vacation. Even then, we don’t go to expensive restaurants and will look for good deals... I mean my husband will open the McDonalds app on his phone to get a buy 1 get 1 Big Mac coupon. We don’t spend eating out... it is unhealthy and a bad habit.
We don’t have a car - so living in downtown Seattle, no expensive car tabs or parking. Also no fuel costs or car insurance payments. We paid off student loans and so there’s no debt. We pay for that with high rent ($2400/month excluding utilities).
Our only splurge is we have Netflix, Amazon Prime, Spotify, and we might get Disney’s new service. Our apartment is upscale (by our standard). Our furniture is nicer.
You called yourself a poor person - I’m sure you know this, but income is not a measure of wealth. We’ve built up some investments and liquid savings over the years, but I know coworkers from previous teams and other friends who earn just as much or more than us but also have $15K/month mortgages and are house broke or have expensive drinking or general spending habits where they end up saving practically nothing.
You don't sound like you have children which means you save a lot of money that way and you guys together make a metric crap ton of money compared to the average person. Sounds like you're trying a mustachioed lifestyle. I wish you all the best. $2400/mo isn't a huge housing cost btw. Especially when living in a city.
I’m not the grandparent commenter, but my total compensation this year is roughly the same, so I thought I’d chime in with my savings:
$28.6k - 401k contributions & match
$112k - RSUs after tax
$14k - Monthly emergency fund contributions from paycheck (yearly total)
~$16k - Bonus after tax
My expenses really haven’t increased in line with the compensation. The picture would look different if I had a family, but I’m in my late 20s. I suppose I could eat high quality sushi daily, but I’ll settle for weekly.
If you don't mind, can you please share how much net you project to save this year after all taxes and expenses? Sorry if this is a little weird but as a poor person I'd imagine expenses to go up with higher income for ordinary people resulting in not that much (proportionately) savings.