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Reply to "If your HHI went from $350k to $900k +"
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[quote=Anonymous]I just did our taxes last night so I can report we're at $980k and have been $900+ for a couple years. We hired a financial planner (yes, those people that DCUM hate nearly as much as realtors) to come up with a plan and invest our money, and we also rewrote our wills and increased both life insurance and balloon insurance coverages to match our lifestyle and wealth. I think our spending on mortgage, everyday expenses, etc is $250k including nanny. Then we put an additional $100k/year to pay down our mortgage, mostly for peace of mind. We also did an extensive home renovation ($1mln+). For vacations, we budget $10-15k depending on destination, but we have toddlers so we're not staying in 5-star hotels anyway -- we never really hit that limit.[/quote]
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