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][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]
You can half your housing expenses by staying in airbnb type of places (in Europe it's booking.com).  Hotels in Europe are notoriously overpriced and also have limitations on how many ppl can stay in the room forcing families of 4 to get a second room.   If you insist on hotels, especially nicer ones and have 2+ kids it's very easy to spend 17K on 10 days in Europe. [/quote]

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