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Reply to "Flying first/ business class"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]HHI $1M, family of five, have never flown first class. I just can't fathom paying many times the cost to fly on the exact same aircraft to the exact same destination. Also, I wouldn't want to get my children accustomed to it. I'll admit I did look upon the first class section with envy on our trip to Europe last summer...would've been nice to stretch and sleep comfortably on the overnight flight. But I'll take a cramped, uncomfortable experience to save five figures.[/quote] With a HHI of $1 million what are you saving those 5 figures for and will the savings really make a difference to you in the long term. If you’re brand new to that level of income and don’t expect it to last I guess it’s understandable to hoard while you can but otherwise I don’t understand why at that hhi you would deprive yourself of a far more comfortable travel /vacation experience just so that you can die with even more in the bank.[/quote] If people think that something is not worth the price they are charging they won’t buy it no matter what their income is. Not everyone cares where they sit. [/quote] Plus if HHI of $1M, that means about $500K after taxes. Then you have retirement savings, house (and all that goes with it) and cars. Possibly private school for the kids and definately college savings for the kids. Once you factor all that in, spending an extra $10-15K for business/first for a trip for 4-5 people to Europe is not worth it. It's another entire vacation somewhere stateside (with reaonsonble flights). I'm worth 30M+ and just booked economy plus for a 1.5 hour flight, because I'm not paying an extra $200+ for first class. I'll sit in economy plus if my automatic upgrade doesn't materialize. Sure I "could afford it". But if I do that for everything "I could afford" soon I'm spending way more than I want to. So despite having a high NW, I still value what I spend my money on and choose not to waste it. [/quote]
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