- 14,997
- 4,264
- Joined
- May 26, 2003
Originally Posted by UTVOL23
Its all relative man. Dont know how much you are making now but the avg household is like 40-50K then 500K seems like a lot but when you are in a higher tax bracket everything goes up in cost. HOA fees, the upkeep on your home and cars, a 2nd mortgage on a vacation home, paying back hundreds of thousands in loan for higher education ( I speak from personal experience) etc etc etc 300K can be spent in a blink of an eye.
but arent some of those cost brought on by choice? For instance sure you can afford to move into a million dollar home and pay on it, but if someone that made 300k after Taxes moved into a 300-500k home, drove a 2011 Toyota, and sent their kid to lets say a good instate school (ie lets say GA Tech), would life be that hard? Once again THEY DONT HAVE to do these things, nor am I suggesting they should, but if they did, couldnt they live pretty good and have alot of money still? Because I pretty much described how someone who makes 80k lives.