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]

PP here who posted on the $17k for Europe. 
- Flights are about $1200 - $1500 each as we typically have to travel at spring break/summer break/winter break times due to school schedule. Also aim for direct flights. $6k
- Lodging is a big mix - with four, most places in europe require you to get suites or two connecting rooms as the usual occupancy limit is 3 for any sort of regular room. Either option runs you a minimum of $500 a night ($500/night for a suite or $250/room x2 rooms) and usually more in a city center. We've tried VRBOs and sometimes can get a little cheaper, but not always. 10 nights x $500 night = $5k (low end)
- Transit: often taking a train to a second city/location over the course of the trip, plus local transit: $1k
- Food for Four: A mix of decent lunches and good dinners, with one or two standout meals. We do eat in the hotel or lounge when we can for breakfast to bring down the cost. Sometimes it's less, but this is my guess for averaging out for a family of four including two tween boys: $75 breakfast/coffees/snacks, $125 lunch, $200 dinner per day: ~$400/day x 10 days= $4000 
- Activities: we are already at $16k and haven't even spent anything on museums, boat/river tours, a private guide here or there, etc etc.

None of this is luxury in the least - it is convenient and we focus in on good locations and good food. We could easily spend a lot more. [/quote]

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