I graduated with a horrible GPA from a top notch school in Canada. My annual income this year will exceed 500k, primarily all from my efforts as a small business owner. The childcare is actually pretty on point. I am 29 and turning 30 in 2 weeks. Where I live you’re looking at like 15k-20k a year per kid for full time child care, it’s bonkers. Mar 27, 2019, 10:39 am Internet Culture . thanks for the article. I have made over 200k/year for the past 10 years. Facebook Twitter Reddit Flipboard. 3 vacations a year at $18,000 is fucking priceless though. Our household expenses total $10K a month. Just this month, ... Making a Half-Million a Year … Shutterstock. When at the dinner table would you rather have ur son say "I'm a nurse and I make 500k supervising other nurses at a rich hospital" or have him say "I'm a physician, I work in the downtown homeless clinic, my work is hard and I get paid 150K". My wife and I make 270k from our income, but we live in a city about 10% lower than average cost of living, so our money goes a lot farther than someone making even 400k in SF, NY, etc, so I feel ok about chiming in. I recently turned 40. I wanted to go to law school but my GPA meant I had to pursue a few more semesters worth of school, increase my grades and apply. Like other Googlers, I got an offer before we figured out what I should work on. This week on Truth Told, we debunk the stigma surrounding sex workers. I just turned 50, and after a lifetime of free spending and not nearly enough saving, I decided I was going to do whatever I could to make $500,000 a year. Going anonymous on this one. I make around ~$500k a year when counting salary, stock, and bonus. In a few years, the large stock grant will run out and I will make around half of that. People are baffled by this ‘average’ budget of $500K a year It's totally average to have BMW 5 series and a $1.5 million home, right? Another was a 2017 graph on Reddit showing how a young Seattle resident spends a $100,000 annual income. Ready for a good laugh? This work has long been criminalized putting the individuals in the field at risk. I hope so, because a chart created by a a web site named “Financial Samurai” claims to show how a family of four living in Manhattan can barely make ends meet on $500K a year. What I do is nothing special. Our highest expenses are our mortgage ($2800), schooling for our kids ($2500) and our car payments ($1400). Regarding your question on whether your parents are millionaires; they should be, unless your parents either made a poor financial decision or recently started earning the salary mentioned. We save roughly $125K a year through tax deferred products and investments. A few things first: 1. my wife and I make combined $500K annually. That way, I could put a few hundred grand away for the next few years and have a million dollars to fall back on by the time I was 55. 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