Wealth accumulation often brings anxiety over spending, as illustrated by a Redditor in the ChubbyFIRE community. Despite a net worth of $3.5 million and an impressive annual income of $337,000, they still choose to fly economy and experience concerns about their financial future. With annual spending around $185,000, the Redditor frequently finds themselves questioning their financial stability while aiming for a retirement goal of $4.5 million to fund their children's college education and ensure a comfortable lifestyle.
Even with all this money in the bank and still earning hundreds of thousands of dollars per year working, there is still a feeling of not having enough.
This Redditor and his family are earning around $337,000 annually after taxes, which allows them to save approximately $150,000 per year between 401(k) plans and retirement savings.
However, their annual spend of around $185,000 is what's keeping this 43-year-old Redditor up at night.
Knowing their average annual spend and with two kids still in college, the goal is to have at least $4.5 million by the time they retire.
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