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Reply to "Are you honest with your teen(s) about what it takes to maintain their current lifestyle? "
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[quote=Anonymous]Never. We teach our kids to value people not things, and we pretend like we have much less than we actually have. We laugh and love a lot, even with our modest lifestyle. Our friends and neighborhood friends are ride or die friends, who may not all be wealthy, but are all people we want to spend our life with. I’m confident our kids can be satisfied in many income brackets. The only item we spend a lot on is private school. All 3 kids in private. It’s almost $150K a year, which is more than every other thing we spend on combined and nearly doubled. Someday if my kids try to send their kids to private, they may be surprised to know what we spent. But we have a near 7-figure income and amassed 8-figures worth of assets, all of which we hide. We’re ok with paying for private for grandkids if the public schools fail and governments don’t fixed them. Not being status-conscious leads to a good life. Not a lot of stress, good friends, healthy savings. [/quote]
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