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Reply to "Afford $1.8M on 300K?"
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[quote=Anonymous]OP you seem pretty financially literate to me! Two thoughts. 1. I have four kids and I can tell you that life gets so so much more $$ as they get older. You know about college, but I am talking about them needing cars, with $$ insurance, clothes get more expensive, their tech needs are greater, they use more electricity in the house, they eat more! Taking trips becomes more expensive. Srsly. It’s not just college. And if you live in a fancy neighborhood, your kids are going to want trips to Vail at Xmas and a BMW at 16 and winter coats that cost $1000. 2. You are so thoughtful about all this, but crowdsourcing isn’t the way to plan. Go to an independent financial planner (like Lori Atwood! We used her) and talk this through with them. When we met with Lori she had awesome info about how certain costs go up as your kids move out, and others go down etc. Just general life planning. Good luck. [/quote]
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