For those not yet at the point of living off their interest, a family income of $250K will gain entry to the working wealthy club, Gerrard said. This sum - which typically comes in the form of a $200K breadwinner's salary and a $50K top-up from a partner working part-time - gives a combined net income of $14,500 a month. It's enough to cover the $6.5K payments on a $1 million mortgage, living expenses of $5K and leave $3K for the slush fund.
It's far from a fortune - but certainly enough to pay for a nice home, holidays and perhaps the lease on a set or two of European wheels as well.
But $260K a year is far from sufficient to get you into a wealthy person's 'des res'.
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