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][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]

Not with your other expenses. We have two kids and do, on average, a long ski weekend, a week or two weeks in Europe/similar, and two in Maine every year. Our europe trips, which are not budget but are not at all high-spend, are at least $17k each. Skiing is another several thousand, and Maine is also several thousand. Add in another kid and even more travel, I think this is at least $100k in travel alone.[/quote]

How do you spend $17K on 1-2 weeks in Europe? Are you staying on Lake Como or in Capri? Flying business? Spending $1K / night for lodging? We go all the time and I struggle to find luxury experiences to take my $ outside of Paris, London, Lake Como, etc. Even supposedly luxury places have a very low ceiling. Idk how I’d spend $17K lol. [/quote]

I’m not the OP, but I’ll take a stab at this:
Flights $1000-$1200 a person x 4 people is $4000-$4800. (Sure, there are occasional great deals out there, but even at this price, you probably planned ahead)
Hotels: let’s say 12 nights at $250 a night is $3000. This may be optimistic, especially in big cities.
Food x 4 people (including snacks)
Transportation x 4 people 
Activities x 4 people

I think it would be pretty easy to hit $17k[/quote]

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