Reply to If your HHI went from $350k to $900k +

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Reply to "If your HHI went from $350k to $900k +"

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[quote=Anonymous][quote=Anonymous]There are some great answers  here.  The same happened to us, and more (big law).

1.  Pay off your mortgage.  It's a great feeling to be debt free.
2.  DON'T buy $5,000 handbags just because you can.  (Doesn't sound like you are interested in those things, good!)  We've seen lots of people that frittered away their temporary bump in income on stupid things like that.
3.  Max out your 529's.  You can contribute more upfront and then take a few years off of giving... thereby maximizing the investment value).  Also a great feeling.
4.  Give more to charity.  Feels fantastic, and there are many, many needy ones out there.  Also makes you feel less guilty about the insane money you are making if you share it.
5.  Invest in convenience for your family.  Time is more valuable than money at a certain age.
6.  Bump up the style of vacation you take.  We got better hotels, hired guides in unfamiliar destinations, and thought of the trips as the "last time I'll be here."
7.  Give more elaborate gifts to those you love.
8.  LOVE the idea of the family organizer and having a handiman on call.  Wish I had done that as our livestyle got more complicated.
9.  Get the second home.  I also vote for it being under a 2 hour drive so you actually use it and form lasting memories with your kids there.
10.  Congratulations to you for even asking this question on this forum.  You sound able to handle it wisely!  Good luck.[/quote]

This seems like a very good list.  [/quote]

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