Reply to HHI for Country club membership?

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[quote=Anonymous][quote=Anonymous]We are at 7-800k hhi and would never even think about joining a dc area county club. I assume everyone at a club makes several million a year or inherited millions.

We just work for a living!  Thankfully we have an excellent neighborhood pool.[/quote]

The more expensive clubs in this area are a mix of people with family money, retired people who are pretty well to do, and the working rich -- doctors, lawyers, business execs.  That is by far the largest group at my club.  Certainly more than half maybe a lot more.  HHI can range from 500k to several million.  The key thing needed is to be able to afford the up front fee, the monthly, and what you spend there.  Clubs are expensive.  We go to Easter brunch every year.  That is at least $100 a pop (could be more).  Dinner is not cheap.  Even food at the pool is not cheap.  You do not pay golf fees but if you have guests come you pay their fees.  You have to be comfortable paying for this.  Almost a least 1,000 a month -- could easily by 1,500-2,000 all in.  To be at ease paying for this you income has to exceed you expenses by a fair amount.  So you could join at any income if that is true.  In this area, many people making the mentioned 375,000 are maxed out -- house, retirement, college savings, lifestyle.  There would be no budget to spend 20,000 every year on a club.  But if there was -- then it would work.    People making the 700,000- 800,000 above could be maxed out but many have the cushion.

The most use we ever got out of the club was when the kids were 0-18.  Many people with kids at young ages can't join but that is the right time if you can swing it.  [/quote]

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