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Reply to "Who is unapologetically Rich"
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[quote=Anonymous]I'll play....and I fall into the "but I'm not rich" category. We work for our money, not the other way around. HHI is $500k. Drive luxury vehicles (BMW, Acura, Audi, Mercedes, etc.) [b]Yes: Audi, BMW. I don't think Acura qualifies personnally, but YMMV[/b]--Live in a 1 million or more house in a nice neighborhood (NW DC, Bethesda, Chevy Chase, Arlington, McLean, or even Capitol Hill). [b]McLean, Langley Oaks.[/b] --Fully fund retirement [b]Yes, but everyone's definition of 'fully fund' will be different, I suspect.[/b] --Fully fund 529s so your kid can go to the best college they can get into, even private school [b]Don't do 529s, but do put aside $$ for this[/b]. --Send your kids to private schools like Sidwell, NCS, GDS, etc. [b]Yes, private, but not one of those.[/b] --Have elaborate vacations that frequently involve international travel, like most spring or Christmas breaks the Caribbean or Hawaii along with more occasional big trips to Europe, Africa, or Asia [b]Yes, frequently. But I do a lot of international travel for work, so most of it is funded by mileage and hotel points. (2 Annual trips to Europe, 1 annual to Carribean)[/b] --Afford music lessons, travel sports, tutors, and other enrichment, including expensive camps [b] Travel teams + camps in the summer[/b] --Allow your kids to wear designer labels, like a freshman in high school wearing $150 dollar jeans (7s, Diesel, etc.) [b]I would allow it, but they don't care--so mostly A&F, Ralph Lauren.[/b]--Buy handbags that are 1000+ on occasion [b]No, not really my thing.[/b] --Invest some money in taxable investments after maxing out 401K and IRA [b]Yes[/b] --Have the occasional date night at a high end restaurant where you can blow $250 dollars on food and wine on a nice tasting menu [b]Yes[/b] Like most people, we're willing to spend a lot of money on things that are of interest to us, and not much on others. We don't have a lot of gadgets (multiple big screen TVs, iPads, etc). We don't go out to eat very often, I prefer to cook. I like nice expensive clothing, but the good thing about that is that if you take care of it, it lasts years. We also lucked out regarding real estate, so that supplemented the HHI in terms of house/mortgage.[/quote]
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