My in-laws are 'first-class' rich, not 'private jet' rich. They have friends who are NFL owners and CEOs. They have two $2M residences and a country club membership in each state. MIL spends a lot on jewelry and clothes, but they never travel for pleasure. Ever! They don't go anywhere unless it's for a board meeting, major event or something they can write off. They have a professional-grade estate plan with flow charts, etc. My parents had nothing, so it's been interesting to watch how things work in this world.

I think that nanny gig would be awful. Surrounded by a luxury lifestyle that you couldn't hope to afford from your own earning power. Depressing.

Anonymous wrote:This us OP. Where does one park a private jet and do you pay the nanny extra to travel or juat regular pay plus accommodation? I would have loved such a nanny gig in my early 20s. Do you let the nanny have some time off so she can also tour around a bit?

Private jet is parked at an airfield. Yes, the nanny is paid extra - regular hourly rate, including travel time, overtime when required (generally on travel days), plus a bonus and spending money for time off.

Anonymous wrote:

Anonymous wrote:I've learned that there are no schools but private schools, that rich men need their wives to stay hot or they'll be summarily dismissed, that "Mrs. Simpson's" is a thing, and that 1000 square foot per family member is "just right" in a home. And I've learned that nobody cleans their own house.

Mrs. Simpson's?

It's etiquette classes for kids.

Anonymous wrote:I've learned that there are no schools but private schools, that rich men need their wives to stay hot or they'll be summarily dismissed, that "Mrs. Simpson's" is a thing, and that 1000 square foot per family member is "just right" in a home. And I've learned that nobody cleans their own house.

Well we don't clean our house...must be rich. Or we just live in squalor.

If your kids don't do this then your are not rich you idiots

http://www.businessinsider.com/rich-kids-of-instagram-spring-break-2016-3

Free time, location flexibility & low stress are the best things about having enough money that you don't have to worry about it. We bought a second home overseas & have turned it into our primary home. Neither of us work, and we mostly spend our time as we please: exercising, exploring our new place, finding local artists to commission work for our new home & learning the language. Not much stress or pressure; it feels like an extended vacation.

Anonymous wrote:I've learned that there are no schools but private schools, that rich men need their wives to stay hot or they'll be summarily dismissed, that "Mrs. Simpson's" is a thing, and that 1000 square foot per family member is "just right" in a home. And I've learned that nobody cleans their own house.

Mrs. Simpson's?

This us OP. Where does one park a private jet and do you pay the nanny extra to travel or juat regular pay plus accommodation? I would have loved such a nanny gig in my early 20s. Do you let the nanny have some time off so she can also tour around a bit?

I've learned that there are no schools but private schools, that rich men need their wives to stay hot or they'll be summarily dismissed, that "Mrs. Simpson's" is a thing, and that 1000 square foot per family member is "just right" in a home. And I've learned that nobody cleans their own house.

Anonymous wrote:We have HHI of $425 and I don't feel rich at all. We save a lot, and try to live a modest life. Sometimes living a simpler life is more fulfilling.

Unless you have 10 children, $425k = rich.

Anonymous wrote:Just curious- what HHI do you consider rich? We have a HHI around 450k. I don't know if that is considered rich or not, but one of the luxuries I've enjoyed is having a nanny come 3 days a week while I'm on maternity leave. I go see my trainer, get my nails done, go spinning etc. she comes for 4 hours T-R. It feels like a major luxury to me, but we did that instead of a night nurse that cost way more because DD was decent at night and since I am EBF it didn't even give me any more rest (we tried it for a few nights).

$450k = rich

We have HHI of $425 and I don't feel rich at all. We save a lot, and try to live a modest life. Sometimes living a simpler life is more fulfilling.

Anonymous wrote:We take the nanny on vacations with us. I haven't been in a supermarket in months - someone else does our food shopping for us. They also do the basic errands - post office, dry cleaners, places like that.

Post office?

The private jet really makes travel so much easier (only have been in them for work).