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Reply to "Stuff Rich People Do"
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[quote=Anonymous][quote=Anonymous] We have a HHI of $1 million. We live below our means in a $1 million home. Kids go to public school. We stay at $1000 per night hotels regularly. I love to travel. We have a cook come to the house 3 times per week, cleaning lady 1x per week and a babysitter 1x per week so DH and I can have date night. I'm a SAHM and load the dishwasher and laundry a few times per week. Housekeeper usually folds. I don't have a personal trainer but I go to various fitness classes throughout the week and volunteer at my kids' school. DH drops ~$100k cash on cars and likes to buy watches. I don't know exactly how much they cost but they are not cheap. I buy expensive handbags and shoes regularly.[/quote] This sounds similar to us, though HHI of $500-600K based on bonus. We both work (though I WAH), and DD is in nanny care. We will probably do private school, not sure yet. Biggest differences are that we tend to stay at less expensive hotels (like $300/night) and DH doesn't spend money on cash or cars (I do buy expensive handbags). I guess our discretionary spending is probably proportionately lower than yours based on our proportionately lower income. BTW, we also work and studied hard...we have STEM PhDs and work in private industry. Some fields are less lucrative than others. My parents are both physicians (Dad earns low 7 figures, Mom is PT and probably earns similarly or slightly less than me) as is my FIL (though he's now retired)...but DH and I both have more education than our parents'. I'm just pointing this out, because when people point out how they've worked hard for their high incomes it suggests people who earn less don't do so. If DH and I had stayed in academia, we'd earn a lot less but still be working very hard. Our DD's nanny is working PT on a college degree and obviously earns less than us, but she's amazing, reliable, and extremely hard-working. She will probably continue to be those things when she becomes a social worker like she's planning, but she will likely still only earn around 1/10 of our HHI.[/quote]
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