Probably because people want to spend what they make. If you live in SV, you see people driving Teslas, and you think, "I want to do that too." So, next time you fly first class for the family vacation, and stay at the pricey villa. On your next trip, you add a couple of private tours, and can't find a good return flight, so you buy some NetJets credits. Next thing you know, you're spending 65k/year for a nanny (to support those high-paying Google T6 jobs), and it's eating into the 200k/year savings it would take to reach that level of wealth.
Most people end up spending close to what they make. Most people don't save like what 100M would require you to save.
> Probably because people want to spend what they make. If you live in SV, you see people driving Teslas, and you think, "I want to do that too." So, next time you fly first class for the family vacation, and stay at the pricey villa. On your next trip, you add a couple of private tours, and can't find a good return flight, so you buy some NetJets credits. Next thing you know, you're spending 65k/year for a nanny (to support those high-paying Google T6 jobs), and it's eating into the 200k/year savings it would take to reach that level of wealth.
Don't forget to blog about the struggle of being a working parent in tech, but how great it is that you manage to make space in your schedule for plenty of quality time with your kids anyway, while forgetting to mention the double-median-income amount of money you're dropping on child care every year ("newborns are so hard you guys LOL #blessed #stressed" has a "night nanny" and sleeps great most every night).
Bonus points if post it while a startup founder or "CEO".
Most people end up spending close to what they make. Most people don't save like what 100M would require you to save.