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Reply to "Do many households here have $15 M net worth or more?"
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[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] Our NW is around 50 M. We live in a nice house in an area with nice houses and ours is at the high end for the neighborhood, but definitely not high end for this area. When my Ford was on its last legs, I bought a luxury car (in cash). We splurge a little on travel, so probably 15K-25K for a family of 3, although we only fly business on long international trips. As for what we do spend money on, it's mostly convenience stuff. House cleaning, landscaping, pool maintenance, etc. are outsourced. We don't really look at expenses when we eat out, and it's not a splurge, something we do whenever we need to. We're pretty simple people, and our passion projects are not expensive ones. I'm big into native plants, and that's what I buy. I love to bird watch, so I spend money on making the yard attractive to birds. I enjoy playing in the dirt, and it's my happy place. DH is big into technology, and that's what he spends money on. He enjoys building things though, so again, it's more DIY stuff. This is also probably why our NW is as high as it is (it's all earned; no inheritance). We don't really spend anywhere close to our means, and our money just keeps making more money.[/quote]
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