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Reply to "Why do people who make 500k + not "feel" rich?"
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[quote=Anonymous][quote=Anonymous]We make $500K and don't feel rich. First of all, we try to save a lot so that we can soon downshift to lower stress, lower pay jobs. Second, when you have two people with demanding jobs and no local family the economics are very different than a family where one parent makes $500K and the other parent stays at home. We have to outsource a lot to make our lives manageable. We spend about $35K each year on child care and our kids are in school (that does not include camp). That is because we need a very reliable babysitter with a car who can drive our kids to activities (neither of our kids do travel sports, if you don't count year-round swim). We also have a lot of money in savings that we try to forget about so that money doesn't make me feel rich, because it made me feel rich I would spend it. We only have one car and it is old -- we do take a few nice vacations a year (maybe $15K/year).[/quote] Translation: We are able to save a ton of money, but too stupid to realize that most people can't save anything. We want the money and we refuse to have one of us stay at home and have less money. We are able to afford insane care for our kids, and we can spend 70K for child care for school age children(which must be a private school!) We have a full time nanny. We take nice vacations. [b]There is no measure to our greed![/b][/quote]
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