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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]If this happened to you, tell us how[/quote]

DH’s promotion at work.[/quote]

Mind sharing what he does for a living??[/quote]

Involves Commercial real estate[/quote]

We own commercial real estate. What kind of job in it makes this income stable?  If he’s an agent, it isn’t stable. If he’s and owner it isn’t stable, either. All you need is one large expense related to the building. Was it a sale that generated this income?  If so and he doesn’t dump it into another one quickly, he will have a lot of taxes due. Point is: how much can you rely on this income?[/quote]

OP here- I don’t want to go into specifics but it’s the type of job that is commission based, and the $ has been going up each year, $350K may actually have been a light estimate that doesn’t include my income. We definitely don’t spend the money like it is a salary that will always be there. I asked my initial question because I do feel that we have saved so much money in the past few years  (7 figures) I was curious what others have done or would do with that kind of money and ongoing potential incomes. Having this much hasn’t changed my thinking, I still bargain shop, really don’t buy much,etc.  People I know and in the same industry definitely have way more expensive and fancy lifestyles than we currently do! I think our neighbors would have no idea which is fine with us. I think maybe I should upgrade some aspects of our life (decorate our house, etc.) but I hate to spend money and feel guilty when I do.[/quote]

You are smart not to be spending that money like water.  I have heard too many times about people who come into money and spend it lavishly only to find themselves begging relatives for money years later.   A lot of times, the wealthiest people do not appear wealthy-- there is a reason for that![/quote]

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