Reply to Do many households here have $15 M net worth or more?

Forum Index » Money and Finances

Reply to "Do many households here have $15 M net worth or more?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]OP here - would be interested in more lifestyle details at this level. I love that everyone probably has $15 M but livesin a 2- bedroom condowith their 4 kids, but there must be something that you spend money on? Asian travel, Hermes, family help, golf, going to see Taylor Swift in Portugal? Or really you’re just taking 3 days at Rehoboth off-season, share a car and watch Netflix? [/quote]

I'm one of the PPs in that range. We do actually live frugally on a daily basis, because our annual income is not high. We use the dividends for our expenses and we want to preserve the capital to pass down to our kids. We live in a small house in an expensive neighborhood with great public schools, and we clean it ourselves and do our own yardwork; we pay for all sorts of extra-curriculars for our children, including horse back riding; we spent a fortune on a collectible musical instrument that sounds divine (why would our kid slum it on a normal one that sounds worse, if he's going to be practicing every day, for years, and within earshot of the rest of us?), and our kids can pick any university they want. But we do watch what we spend in general and importantly, we are not the sort of people who wish to keep up with anyone else. We don't care about cars, for instance: our cars are old and beat-up. My husband doesn't care about clothes. He goes sailing looking like a homeless guy. We still fly economy plus because planes are inherently uncomfortable anyway and first class isn't going to make me sleep any better on the red-eye to Europe. We have relatives in Asia but don't see them very often, because every time we do, it's 30K.

We all have our proclivities, OP. The main thing is to not "waste" money trying to impress others. And yes, I love Netflix.[/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