Reply to s/o - feeling "poor" at these ludicrously high incomes. what are they actually missing?

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Reply to "s/o - feeling "poor" at these ludicrously high incomes. what are they actually missing?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]What do they want? I think that is pretty clear: they want it ALL. The 1.25-2 mil house. The 85k car (x2 and maybe a fun convertible for a third that they only take out on weekends). They want a second home at the beach. They want to be able to spend 50k on travel every year. They want to be able to drop 200-300 at dinner once a week (plus babysitter). They want the 110k CC membership plus ongoing dues and related fees. They want to pay for private school for 2-3 children. They want to save at least $1k a month per kid for college. In addition, they'll want $100k extra for general savings. I can keep good by here. This is where all their money goes.[/quote]

Fwiw we have this lifestyle (minus private school) with three kids at an income of ~ 750k.[/quote]

fwiw, we have a HHI of $1.8m  and that is NOT our life style
2 kids in public
one house - $700K
one Lexus with 105K miles and one toyota with 56K miles
$150 gym membership

Splurge ....???  We love our steakhouse dinners - 1 per month $150 
and we vacation a lot - maybe around $40K with this summer being our first to Europe as a family.
[/quote]

We have a $1.1m HHI that may grow to $1.5m next year.

Our kids also attend public school. We live in a $1m home. We have a $500 pool membership to the local pool club. Our splurge is travel. Probably spend $20-50k on travel per year depending on the year.[/quote]

$1.1 mil straight salary (no bonus)?  Doing what?  This is DC, not NYC where you can make that kind of money on Wall Street. [/quote]

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