Anonymous wrote:In the book the Millionaires Next Door, it states that the majority of millionaires have an annual income of $131K. They don't exhibit their wealth for all to see, bling isn't their thing. I know several millionaires who are quite wealthy and no college education, but they are smart about business and money.

http://www.nytimes.com/books/first/s/stanley-millionaire.html

I've always loved that book but it's super outdated.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We feel stretched on 750k. Three kids in daycare, two SUVs, a couple vacations a year, housecleaner, $8k mortgage, home maintenance and landscaping, and a modest vacation home...it adds up a lot faster than it seems.

Poor you.

You people are so gullible. It's great!

What are you talking about? We NEED the cars, no one tricked us into buying them. I'd like to see you cart 3 kids around in an Accord.

You can fit 3 kids in a mid-size crossover. Cheaper to run.

Do you also NEED a vacation home and out of country vacations?

Reminds me of my sister. It's so important to her that people "see" her wealth that she's literally dying to keep up appearances.

^
Rude!!

Anonymous wrote:We feel stretched on 750k. Three kids in daycare, two SUVs, a couple vacations a year, housecleaner, $8k mortgage, home maintenance and landscaping, and a modest vacation home...it adds up a lot faster than it seems.

You feel stretched because you spend all of your money. Stop doing it. Or stop complaining. You make more than 10x the median HHI. I am embarrassed for you.

Anonymous wrote:We feel stretched on 750k. Three kids in daycare, two SUVs, a couple vacations a year, housecleaner, $8k mortgage, home maintenance and landscaping, and a modest vacation home...it adds up a lot faster than it seems.

Pathetic. Meritocracy is dead.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We feel stretched on 750k. Three kids in daycare, two SUVs, a couple vacations a year, housecleaner, $8k mortgage, home maintenance and landscaping, and a modest vacation home...it adds up a lot faster than it seems.

Poor you.

You people are so gullible. It's great!

What are you talking about? We NEED the cars, no one tricked us into buying them. I'd like to see you cart 3 kids around in an Accord.

Anonymous wrote:

Anonymous wrote:We feel stretched on 750k. Three kids in daycare, two SUVs, a couple vacations a year, housecleaner, $8k mortgage, home maintenance and landscaping, and a modest vacation home...it adds up a lot faster than it seems.

Poor you.

You people are so gullible. It's great!

Anonymous wrote:Interesting. Fwiw, 500k + was when we started to feel loved me we had a lot of extra money. It was the year my H got a 150k salary raise. Kept expenses the same so it felt like a lot.

Like not loved me. Sorry for the butterfingers.

Interesting. Fwiw, 500k + was when we started to feel loved me we had a lot of extra money. It was the year my H got a 150k salary raise. Kept expenses the same so it felt like a lot.

Anonymous wrote:We feel stretched on 750k. Three kids in daycare, two SUVs, a couple vacations a year, housecleaner, $8k mortgage, home maintenance and landscaping, and a modest vacation home...it adds up a lot faster than it seems.

Poor you.

Interesting read. I can see how it all adds up. And absolutely they can tighten up.

This is exactly why at our 380k income we only carry. A 2600/mo mortgage. I want to take our high income and make something of it.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We feel stretched on 750k. Three kids in daycare, two SUVs, a couple vacations a year, housecleaner, $8k mortgage, home maintenance and landscaping, and a modest vacation home...it adds up a lot faster than it seems.

Then you're doing something wrong. Or living way above your means.

A "modest" vacation home and several vacations a year? Cry me a river of Amazonian proportions.

The vacation home is for weekends, the vacations are for leaving the country. There is nothing ridiculous about this. We drive to the vacation home so the costs to get there are modest. The real money pit is the swimming pool, which in hindsight we shouldn't have put in because the house is on a lake and has access to a community pool. But what's done is done.

Anonymous wrote:

Anonymous wrote:We feel stretched on 750k. Three kids in daycare, two SUVs, a couple vacations a year, housecleaner, $8k mortgage, home maintenance and landscaping, and a modest vacation home...it adds up a lot faster than it seems.

Then you're doing something wrong. Or living way above your means.

A "modest" vacation home and several vacations a year? Cry me a river of Amazonian proportions.

That's not "scraping by"!!!