Reply to S/O American Dream. Would $500-750k HHI be enough for this lifestyle?

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Reply to "S/O American Dream. Would $500-750k HHI be enough for this lifestyle?"

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[quote=Anonymous][quote=Anonymous]OP here. I’ve been reading all the replies and people seem to be really stuck on the 6 weeks of vacation thing.

My H and I both work remotely right now and are digital nomads moving from AirBnB to AirBnB. We really like to see different parts of the country and world and I don’t want that to change too much when we have kids, though I know we’ll have to pick a place to live to give them stability. To answer some questions, my in laws are gifting us a large down payment and my mom is planning to move near us when we have a baby to be our nanny. She’s very excited about this, it’s not something I asked for.

On the subject of vacations, do you think 4 trips would be doable on 500-750k? [/quote]
You can do a lot of things on this HHI, but there are tradeoffs. A close in 4BR, $1.5M house isn't particularly big or "nice" if by that you mean for open spaces, modern appliances, home office, etc. You can have art and flowers, of course, but the art will be from art fairs and the flowers will be from the market and put into a vase by you. There are sooooo many errands you never imagined with kids, and a grandparent will never cover them all. You can probably optimize your planning to make it easier to get them done, but doing this is time out of your schedule that you're not working, spending with your kids, spending on yourself, or spending planning/taking those 4 vacations. My nanny did a lot of the errands and optimizing when the kids were little...but we paid ~$70K (after taxes for us) for this.

You are absolutely not going to suffer at $500-700K, but you are describing a lifestyle with 3 kids and no tradeoffs...that's not possible.[/quote]

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