Reply to What is the lifestyle difference of 400-500k/yr and 800-1M/yr

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Reply to "What is the lifestyle difference of 400-500k/yr and 800-1M/yr"

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[quote=Anonymous]I think we were able to have a really good lifestyle on lower HHI (350-400K) because of some luck.  However, if our HHI doubled, I would like to give my kids more financial help.

We have lived a very comfortable life - nice spacious new SFH (low mortgage but average neighborhood), kids in magnet public schools (instead of private), SAH parent (so no childcare cost), free state flagship education for in-demand STEM majors (merit scholarships so minimal college cost), prestigious paid internships for kids closer to home (so no cost of rent money etc).

We have been able to provide our kids all enrichment, international travel opportunities, all expenses paid for college and grad school, new car, paid for wedding, paid seed money to dabble in the stock market etc., will probably pay for downpayment for first home etc.

If I had double the HHI, I would buy them homes and create trusts for them.  But, whatever. Apart from that I would like to travel in better style than I normally do.  I can be very happy in business class and in luxury hotels and afford private tours.

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