Update — CSDoctor said his monthly burn rate is $8k including $3k mortgage+pTax, but excluding some unspecified school fees.
Hi XR,
I remember you said your monthly burn rate was about 9k. I feel your double income is comfortably sufficient. Not so sure why you repeatedly felt a high pressure.
With my overseas passive income, hopefully I can afford to take on a lower paid job close to home or a work-from-home job. I envision myself taking home $10k+ after tax, and we spend $8k excluding mortgage. My wife’s salary and our passive income will be extra income.
To reduce the $8k monthly burn rate, I will
· reduce driving
· buy medical insurance for kids only
· consider smaller houses. $300k in Bayonne would cost me $600/m pTax
I feel that’s a reasonable, not deprived, quality of life for my family. If it’s too tough, I can always consider relocating to Singapore.
Which jobs were low-stress so far? Here they are, ranked
- Verizon
- Citi
- ICE — c++ parser of raw market data
- OCBC — c#. I took ownership of two unrelated, less critical applications from the original developers.