Reply to Flying first/ business class

Forum Index » Money and Finances

Reply to "Flying first/ business class"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][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]

Yes! (although we're not at a 50% tax rate) I'm a $1M HHI poster from earlier and people responded along the lines of what am I saving it for? I've got a family of five. I'd way rather spend the extra thousands saved by flying economy on experiences during the vacation, and on more frequent travel. And I know our income is high relative to most, but it's not high enough that we don't have to make choices about what we do. We want to fully fund college at any institution the kids want to go to, so we didn't elect to pay for our local private school which is about $40k/kid. We could have done both, but we wanted to join the expensive country club near our house. Our whole family loves to golf, and the kids do swim team there and summer camps and we probably spend $50k/year there between dues, cart fees, activities and all the food. It's a big, nice part of our life that means a lot more to us than being comfy in first class for a few hours on a few days of the year. Plus, we save about $220k/year for retirement and college. This income level isn't high enough not to choke on what first class tickets cost! Perhaps when I'm old and my body hurts and I'm not supporting three kids, I'll elect to fly first class. But I really can't fathom it at this point...my mind always goes to what else I could do with that kind of money.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics