Reply to If you are middle class (<150k HHI), how would things be different if you were rich (>400k HHI)

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Reply to "If you are middle class (<150k HHI), how would things be different if you were rich (>400k HHI)"

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[quote=Anonymous]We're at about 120-140k, 40s-50s, one kid, bought a house recently inside the Beltway.

I want to say it would depend on whether just one of us were bringing in all or most of the money, and doing what.

But that goes to show that the number one thing I think that money would be good for is taking pressure off... of my husband, actually. He earns 2/3 of our HHI and is the one who provides health insurance. He does it at a job at which he is undervalued, not incredibly well-suited for (both are true!) and which he borderline hates. Ideally he would spend all of his time industry about which he is passionate but via which he earns very little money (arts). If we didn't need his income/insurance, he would 100% do that, whether unpaid or at least very minimally paid. And we'd all be happier.

*I* would actually be happier if I earned most of the money and did so in my field, but I just started in it, so it's not happening tomorrow. I don't ever want to retire.

I say all this because I haven't read the other replies yet, but very little else would change for us. We'd stay in our house. Maybe we'd stop renting out the basement, but only maybe. Kid at same public school. Most of our spending pretty similar, although we'd comfortably do more repairs around the house, do all the non-urgent healthcare and I'd go to therapy twice a week without batting an eye. That kind of thing.

We'd save more, of course. And give more away. I guess be able to travel more/more comfortably, or maybe get some help around the house, but we wouldn't be spending big on on "things." (And I love to shop, so I have nothing against "things!" But we can afford most of what we want right now in terms of tangible purchases.)

But by far the biggest change would be DH being able to pursue his passion. Honestly, all that will have to happen for this would be for ME to make $150k + health insurance by myself. Maybe even $100k + insurance. Hope I can get there sooner rather than later.[/quote]

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