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Reply to "Who is unapologetically Rich"
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[quote=Anonymous]--Drive luxury vehicles (BMW, Acura, Audi, Mercedes, etc.) One family car, a Volvo. --Live in a 1 million or more house in a nice neighborhood (NW DC, Bethesda, Chevy Chase, Arlington, McLean, or even Capitol Hill). Yes, NW DC --Fully fund retirement. Mostly funded, I'd say. --Fully fund 529s so your kid can go to the best college they can get into, even private school. Yes, we'll make this happen. --Send your kids to private schools like Sidwell, NCS, GDS, etc. Yes, but it hurts. --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. Yes, one big trip a year. --Afford music lessons, travel sports, tutors, and other enrichment, including expensive camps. Not much of this. Have a summer home so don't need camp. --Allow your kids to wear designer labels, like a freshman in high school wearing $150 dollar jeans (7s, Diesel, etc.) Nope. --Buy handbags that are 1000+ on occasion Nope, no interest. --Invest some money in taxable investments after maxing out 401K and IRA, Have enough saved, not contributing right now. --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 Yes HHI about 350K now, but at one time was much more and we saved a lot of it. Lifestyle now definitely subsidized by that savings. Also, house purchased 15 years ago when it was worth way less than $1 million. Makes a big difference not to have a huge mortgage. [/quote]
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