Reply to Who is unapologetically Rich

Forum Index » Money and Finances

Reply to "Who is unapologetically Rich"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]Alright, since the debate on who constitutes "Upper Middle Class" is hotly debated on here, and people can't see to agree on whether 250-500K is rich or just barely making it as middle class, who on here lives a "rich" lifestyle and what is your HHI?  Since people with 500K apparently budget carefully, drive 10 year Hondas, go to public school, and have modest vacations at the beach, who are all these people in the area that people complain about on the private schools forum who are in a bubble of wealth jetting off on fancy vacations and letting their 7th graders wear designer clothes?  If you can afford to do several of the following, what is your HHI?

--Drive luxury vehicles (BMW, Acura, Audi, Mercedes, etc.) [b][b]have one for entire family including nanny and have collectables[/b][/b]
--Live in a 1 million or more house in a nice neighborhood (NW DC, Bethesda, Chevy Chase, Arlington, McLean, or even Capitol Hill). [b]2million home in DC area, condo Vail, home Intercostal waterway and boat[/b]
--Fully fund retirement what retirement -- [b]we don't work[/b]
--Fully fund 529s so your kid can go to the best college they can get into, even private school [b]private all the way goes without saying[/b]
--Send your kids to private schools like Sidwell, NCS, GDS, etc. [b]Boarding school[/b]
--Have elaborate vacations that frequently involve international travel, like most spring or Christmas breaks the Caribbean or Hawaii along with more occasional big trips to Europe, Africa, or Asia [b]home in France, Vacation in Vail at our home. Fly private[/b]
--Afford music lessons, travel sports, tutors, and other enrichment, including expensive camps [b]dressage lessons, flying lessons[/b]
--Allow your kids to wear designer labels, like a freshman in high school wearing $150 dollar jeans (7s, Diesel, etc.) [b]when slumming[/b]
--Buy handbags that are 1000+ on occasion [b]Berkin[/b]
--Invest some money in taxable investments after maxing out 401K and IRA our [b]interest makes interest[/b]
--Have the occasional date night at a high end restaurant where you can blow $250 dollars on food and wine on a nice tasting menu [b]fly to Paris[/b]

I'm curious, because there seems to be many neighborhoods filled with luxury vehicles, many people living in 1 million + houses, and many people in the DC area who enjoy travel, and many who complain about expensive clothes being worn in schools (both public and private)
[/quote]

Such quaint ideas about being rich. That is upper middle class.[/quote]

I am not sure it is easy to find a 2500 sq ft house in any of those places for less than 1 m[/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