Extra $100,000 a year? - Page 2 - Mothering Forums

View Poll Results: Extra $100,000 a year?
Save it! 18 14.88%
Live more extravangantly - fun! 12 9.92%
Donate most to charity. 2 1.65%
Combination or other. 89 73.55%
Voters: 121. You may not vote on this poll

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Old 04-29-2007, 03:03 AM
 
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An "extra" $100,000 a year? That would mean increasing my income by more than 10 times!

I would be able to move out of my parents' home, no longer need my parents to buy stuff for the kids, but I'd continue to live as frugally as possible and put as much money into savings as possible.

I have no clue what specifically I'd spend the money on or how I'd budget it, as it's so far away from my current life- what does health insurance cost if you don't qualify for medicaid?

Ruth, single mommy to Leah, 19, Hannah, 18 (commuting to college), and Jack, 13(homeschooled)
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Old 04-29-2007, 04:55 AM
 
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Buy a house in the country, buy some animals and stuff to get our farm started, buy DH a "new" truck, save!
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Old 04-29-2007, 11:25 PM
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Definitely quit my job and live off that! (Also saving some, giving some to charity, etc.)

"Our task is not to see the future, but to enable it."
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Old 04-30-2007, 12:03 AM
 
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I would save half for my kids college and other funding. Look into private school, too, but not a guarantee.

I would take the other 50,000 a year and split it between charity, bills, and travel.

We also would move to Evanston (a different Chicago suburb, the one I grew up in, where the cheapest decent house is 500,000 at least). But maybe we'd wait a couple years before doing that.

Who says money can't buy happiness?
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Old 04-30-2007, 01:01 AM
 
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I would save some but mostly use it for fun especially to travel.
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Old 04-30-2007, 10:02 AM
 
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Quote:
Originally Posted by ***Heather*** View Post
Some people actually make that much money a year and think it's not enough.

Not me of course, but I hear about stuff like that on tv.
For a lot of people (my family included) it's easy in this affluenza society for your lifestyle to expand to meet your income. DH and I have had to make a conscious effort to live off only one of our salaries, and we're just about there...only 5k off.

It's fun to dream though so...
  1. Meet with our financial planner to make sure the following makes sense!
  2. Buy health insurance.
  3. We'd both quit our jobs. I would work on my novel, and DH would research the brewpub he wants to open up and start getting investors. We'd also both spend a significant amount of time each week volunteering.
  4. Add a second bathroom to our house. Or maybe we would move to our dream neighborhood where the houses are small (like our current house) but expensive. But we really love our house now, so I dunno.
  5. Invest and donate whatever's leftover each year.

Expecting #2 in May 2013!

0***4***8***12***16***20***baby.gif***28***32***36***40

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