We never had a particular number in mind as being an important one, so we didn't do anything specific when we hit $3M in our 40s. Each person has their own interests and will have their own approach to things. Here's what we did.I have seen in some threads that $3M is the new new $1 million these days with inflation etc.
If you hit $3M by your 40s, what did you do after achieving the milestone
Over the years, we've gradually paid others for things. Landscaping, house cleaning, yes. We get whatever groceries we want, e.g., organic, without worrying. We eat overpriced food at concerts, theme parks, and airports instead of being careful to eat before or after or bringing food with us. We don't necessarily rent the absolutely cheapest car when traveling. We dumped $150K on a renovation because we felt like it. We gave the kids carte blanche on where they wanted to go to college, and one chose a $333K school.
Other things didn't change. We still buy sensible cars and drive them 10 years. We look up the appropriate postage to put on mail and put that amount on it. We cook for ourselves and don't eat out much. We drink filtered tap water for 1c/gallon. I pick up a 1c coin off of the ground. I do my own finances. No airport lounges or business class fares. Not because we couldn't afford it. It is not worth it to us.
Statistics: Posted by MoreTaxes — Mon Sep 16, 2024 11:09 pm — Replies 8 — Views 1073