Reply to Anyone else feeling guilty about how easy it is to make money?

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[quote=Anonymous][quote=Anonymous][quote]
(1)
Home appreciation. Mclean didn't appreciate as much even in premium areas.  Older mcMansions go for maybe 500-600K more because so many new ones are built, which go for about 3m median price. The only way it could happen is if you bought a much more expensive home and/or remodeled it in a luxury way (doubtful any of this is true given your HHI of 450 and your NW of 1m back then.  
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we bought our house for around 1.6m, comps with similar sft and lot size now are about 2.4m
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(2) 
How is your retirement "fully funded" when your NW is only 4 mil including your home and 401K? That's not much for someone in their late 30s to retire on especially with the tastes like private schools and "some" nice cars.  You can't possibly be financially independent given your spending and your age and a lot of your NW tied up in home equity and 401K
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Its fully funded not in we can retire today and never work, we still have high expenses, but we have plenty of cushion if we need to go single income or if one of us gets laid off for a while. 
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(3) 
How did you afford to invest and have quite a pricey lifestyle (private schools, luxury cars, travel) in an expensive home (even with a low rate) starting with 1m NW (which wasn't liquid if you had 401Ks)? If you both worked and had childcare expense especially
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my husband has done quite well investing our money, he has a background in finance[/quote]

2.4 mil - 1.6 mil =800k that's before cap gains tax on anything over 500K or any other costs seller incurs.

People have different ideas when you talk about financial independence.  You have to keep working or your spouse does.  it's counting on future economy chugging along at the same pace and one of you having gainful employment and stamina to keep it up.  You are in a great spot and on your way, but you aren't IMHO financially independent.
 this doesn't answer the question how you were able to afford private schools, nice cars and an expensive DP on HHI of 450 with 2 jobs and childcare and only 1mil in NW and tied up in your retirement accounts.  Maybe you aren't telling about another source of money? Inheritance, perhaps?

With all you said, I don't think you should be so gleeful even if you think this money had been easy. [/quote]

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