Reply to What is the lifestyle difference of 400-500k/yr and 800-1M/yr

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We reached annual income of 700K last year and we save a lot. We also went on two international vacations and two domestic ones. 1 of 2 kids in private and we save a LOT of money. To quote a previous poster:
Same old house, same old Honda (but ours is not a honda; just old)[/quote]

We are at similar income level, so just curious how much is saving a lot of money mean for you?[/quote]

You are quoting me and remember this is new stuff. Only hit this income level two years ago.
My DH - we save 100% of his take home.
We max unrestricted gifts to minors b/c we have kids with learning disabilities and I'm not sure they will go to college.
We max out both 401Ks, he does a back door Roth for him or both of us and I have an exec plan...453 maybe? We easily save 170K/yr. And my entire bonus (80k) It dropped into my bank account and was invested within 24 hours.

oh, before I got this job, we paid off our 650K house before i switched jobs so we have no mortgage.

That said, I still need a new car which will be about 50K of that. My old not-honda is giving me very clear signs she wants to retire.[/quote]

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