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Reply to "How much would you have to make such that an additional 300k a year wouldn’t make a big difference? "
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[quote=Anonymous]Our HHI is $350k and an extra $300k would not make a difference in that we would not quit our jobs, alter our retirement plans, or move to a different house. What it would change is that we’d go on nicer vacations and tackle more home and landscaping projects in a shorter timeframe instead of saving up and paying for one before considering the next. We would likely choose the slightly nicer version of anything we’d normally buy. For example, we’d get the same car we’re looking at now, but we’d choose the highest trim level. The people whose life would chance if we had an extra $300k per year is my parents. They live 30 min away and are in their 70s. A modest rambler well-suited for living on one level in my neighborhood goes for $1-1.3M. If we had the cash flow, we’d buy a house within walking distance and renovate it for them to move into once they can no longer drive or one of them is living alone. [/quote]
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