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Reply to "lifestyle for $500K HHI"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]At risk of stating the obvious, *nobody* has significant assets only a few years into the workforce (without inheritance or other non-earned money). Making $300k, $400k, or more will allow you to build up wealth incredibly quickly as long as you don't succumb to living the $300k, etc, lifestyle. [/quote] +1 We will hit 500k for the first time this year. Mid 400s before. Housing - $5,000 or so monthly Nanny - $40,000 annual Clothing - maybe $15,000 annual Paid for car - minimal student loan payment $400 a month Whole Foods for groceries Couple nice domestic vacations. We spend on furniture and art. Save the max in retirement accounts & quite a bit in regular accounts as well. We plan on public school. [/quote] Forgot to add paid for cheap car & bi-weekly maid service. [/quote]
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