A guy making 65K a year, but has cars that is paid off, house that is paid off, etc is actually richer than a guy making 500K a year, who has a 1MIL mortgage and a 250K Ferrari that he's still making payments on. So it's all relative.
I'd work toward getting rid of debt (including mortgage), that feels a lot better than earning more income. Like Still Growing said, there is not much lifestyle difference between some one making 100K and some one making 300K. But there is a vast difference between 20K and 100K.
If you've come from a middle class background, you'll find that after you hit the 100K mark, you won't be able to upgrade your life all the much (designer clothes, 5 star hotels, etc) because it just won't be you.
But in my own personal experience, not having any debt (including mortgage) is the most liberating feeling ever. It's a wonderful accomplishment, and it frees you up to really do what you truly want.
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