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Reply to "Anyone here making well into the 7 figures range?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]If you make mid to high 7 figures, say anywhere from 4 to 9 million hhi, what is your lifestyle like? Do you have staff? Huge luxury home? Kids in private school? What are your holidays like? How much do you save/invest each year? What do you do for work? The reason I ask is because my business is taking off and I should be entering that range of income by this year or next year. [/quote] We have a wealth manager and tax planner (one stop advisory shop) and just hand it off and are given an allowance that we spend entirely. There comes a point in time where managing money becomes a job in and of its self. Our "allowance" is 20K/mo. The rest is invested/tax optimized. Staff? No. we have weekly housecleaners and landscapers since we have ZERO desire to do yard work Home is 3000sq feet and well designed, quality finishes and very comfortable, along with a large private yard that is professionally landscaped. One kid in UVA and one kid in public school with his frinds he has had since he was in elementary school (have not moved since 2010) Hate traveling for Christmas-everywhere is too crowded. We do one 2 week international vacation each august. College kid plays an NCAA sport and HS kid plays a travel sport. Our "vacations" are often in shitty towns standing on a shitty field, staying in a Hilton Garden Inn. Or they are in different college towns that can actually be a lot of fun! For work DH works at a IT company as an executive and I work PT in healthcare.[/quote] What is your hhi and why are you so damn cheap? Whats the point of the money if you choose to stay in shitty places?[/quote] lololol? because we stay with the team. I’m guessing your kids don’t play sports? I’m not exactly going to head to the DE Turf fields and drive an hour in beach traffic to stay at The Bellmoor. IYKYK why is my HHI of your concern? i’ve given you my monthly operating budget and we definitely blow through every penny of it..which includes many a nights at Hilton Garden Inn(which is a lucky upgrade from some of the room blocks the team gets). Many parents in our kids team have buckets of money and we all slum it when on the circuit I think we will survive . [/quote]
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