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Reply to "Earning 50K vs 500K vs 50 million"
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[quote=Anonymous]I agree with OP. Our HHI is $300k. Nice home, late model cars, private school. No beach house, but nice vacations 2-3 times a year. We fly (not first class), stay in hotels... My brother makes closer to 50k. His cars are 10+ years old. Public school. The only vacations they drive and stay with family. They do not have health insurance (until ACA kicks in). No college savings for kids, no retirment savings for them. I know they haven't paid some medical bills because occasionally a collector will call me and ask for my brother (his wife and I have the same name). Worrying about medical care is a far stretch from not having my own yacht or plane. I don't worry about not having a yacht when I go to bed at night. I don't worry about paying the enormous heating bill due to the cold winter. These are things people on 50k worry about. Wondering if you saved enough for kids college or retirment is very far from this reality.[/quote]
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