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Reply to "S/O American Dream. Would $500-750k HHI be enough for this lifestyle?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Maybe…it seems crazy, but even at that income level, you still have to budget and pick and choose what’s important to you. Income $700,000 Fixed Expenses Taxes $210,000 Housing $100,000 Utilities $10,000 Insurance (healthcare, car, life, disability) $15,000 Student loan payments? $15,000 Childcare? Private school? $40,000 Total $390,000 Variable Expenses Retirement $100,000 Charity $20,000 Car savings $10,000 Vacations $70,000 College savings $30,000 Food $32,000 Gas $8,000 Everything else (clothes, camps for kids, furniture for your house, medication, gifts, etc) $30,000 Total $310,000 [/quote] Your tax estimate is too low. [/quote] Yep way too low[/quote]
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