Reply to What HHI is indisputably RICH in a HCOL area?

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[quote=Anonymous]I think we're wealthy (NW 40M+), but we don't really have the trappings of it. We both came from MC families that had financial struggles, and are entirely self made, so we have really great awareness of how fragile all this can be. While we do spend more than we did when we first got married, it's nowhere near commensurate with the growth in wealth. Most years, our household expenditure is under 200K. We have a very nice house, but not in any posh location. Our only child goes to public school. We both drive totally utilitarian vehicles. There is nothing designer in anyone's closet. We do have a weekly cleaning service and all our yard work is outsourced.

Our big splurge is travel. We have started to travel business, but only on long haul flights. Even then, we are quite cognizant of expenses. For instance, I have been looking for a winter vacation spot, and was gobsmacked that people on the travel forum were casually recommending hotels that cost 5K+ per night. While we can afford it, we cannot bring ourselves to spend that kind of money on a hotel room.[/quote]

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