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Reply to "lifestyle for $500K HHI"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]the problem is you work so hard to get up to that sort of income, only to realize that is buys you jack shit. same dumpy house, same dumpy cars, maybe you eat out a bit more or take a nicer vacation, but quality of life stays the same.[/quote] Apart from the house, I think a lot of what people spend their money on is stuff you can't see. Being able to retire at 57, being able to pay for your kid's college, nice vacations, private school for the kids, expensive summer camps or hobbies for the kids, giving more to charity etc. They are also outsourcing things like lawn services and cleaning service. I think you can still do something similar on less than 500K but maybe not all those things or on a different scale, like maybe you retire later or your quality of life when you retire doesn't allow for lots of travel, or you can pay for public college not private college for your kids. What were you hoping would happen when you made more money? If I made 500K (coming from 200K) it would basically change private school and college savings for the kids and maybe getting a vacation home. We wouldn't want to move at this point since we are established in the neighborhood. I would have to make enough to retire early and maintain the same lifestyle for more money to be a game changer and I'm not sure that would happen at 500K.[/quote] to answer your question, I expected my house to be less of a dump, my cars to be nicer and to have some money in the bank. So I'm going to fix up the basement first, save more and then decide the next step.[/quote]
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