Reply to What HHI is needed for this lifestyle in the area?

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[quote=Anonymous][quote=Anonymous]1.5 mil house in a desirable zip code
Private school for 2 kids
2 cars, one should be luxury: think bmv or Audi
1 internal trip per year; skiing trip in the winter for the whole family
Fully funded 401k and IRAs
Fully funded college funds for the kids

1 mil? [/quote]

I mean….my house is worth about $1.6m now. I think we are in a desirable zip code. We are walkable to Sidwell, NCS, and St. Albans. But our house is a side by side. It’s fine, but it is by no means luxurious, So not sure that’s what you are looking for, but it’s what you’d get in my zip code for $1.5.

Our HHI is $400k. We originally paid $1.1m for the house. 
We don’t care about luxury cars, we don’t drive anywhere anyway. 
We can take 1-2 nice trips a year. We usually do ME and somewhere else like Copper Mountain or another ski place in UT or WY. We haven’t traveled internationally since having kids as our youngest was 4 when COVID hit. 
We fully fund our 401ks and have since well before we reached this income level. 
Kids 529s will have approximately $250k each by the time they reach college. With that and cash flow we expect to leave them debt free for undergrad.

There’s no way we could add 2 private school tuitions. We could maybe do one but it would have to be at the expense of the travel for sure and would reduce our outside of 529s and 401ks savings to basically nothing.

With another $150k we could afford private school for 2 and not compromise anything else. Except the cars because I just can never justify luxury cars in the city regardless of income. [/quote]

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