Reply to Making $500k and not feeling wealthy in NW

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[quote=Anonymous][quote=Anonymous]It's funny that people think that those making 300K or more are just lazying around.

We are constantly working and because of that we have other expensese that need to be paid because we don't have time to do them.

1) Lawn care
2) Nanny
3) Childcare
4) Cleaning

etc...

Once you add all of those things up the lifestyle at 300k is not that comfortable. Maybe once we get into the 5-600k you start experience more disposable income, but at 300k you have to pay for a bunch of stuff you have to outsource.

On top of that around 300k you lose a lot of tax deductions so you are basically in limbo in terms of wreeping the benefits of making more. The tax benefits you lose at 3-400k are the same ones that you lose at 500k and higher.[/quote]

I agree that a nanny is the only work-able childcare option for high dual-income households with people each working 12 hr days. But lawn care? Just because you're earning 300k+ doesn't mean you have to buy the biggest home you can afford. What utility do you gain from that larger home you're mostly just sleeping in 5 days a week? How does that help you function more effectively at your high paying, demanding job? I'm putting that in the "want" category - definitely not a need - and if you choose to go for the bigger home just because you got a salary bump, then the extra costs that go along with it are part of that luxury choice - lawn care, more expensive cleaning services since there's more to clean, higher utilities, etc. If you had stayed in a more modest home, you could have just paid the nanny extra to cover basic housecleaning tasks while the kids are at school (or napping if they're younger). [/quote]

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