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]yes. sort of.

house in far out suburb like centerville.
state schools for 3 kids; no private school
cheaper places for vacation (europe - two weeks in romania, ski in canada before dollar craters, take couple only week off in a place like lincoln nebraska or other small cute midwestern town, and find a really cheap spot in off the beaten path part of mexico for winter break, not during peak time.)
no eating out, no fancy car.
not sure how much you will save for retirement.

But why live like this?  growing up, the wealthiest families had a summer house in certain parts of coastal maine or massachusetts.  they went there for the summer, or they went for a month and other relatives had the place for the rest of the summer.  every few years they went skiing in europe.  (but most people skiied on weekends cheaply with season passes locally). parents paid for college and kids eventually did a year abroad with some travel.  families did have houses with bedrooms for each kid, unless a really big family, and some of these houses were really well located.  people had some antiques but very few people had decorators.  mainly the biggest thing about the american dream was having an education, and being sure your kids and grandkids would too.

that was kind of it.  [/quote]

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