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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]You should be putting at least 20% into savings, and you should not be spending more than 10% of your gross income on travel.[/quote] Where are you getting this 10% travel limit? People spend money on different hobbies, if travel is yours then budget for it. There's no arbitrary limits. I've got family that buys a new car every few years. Other family keeps the same car until it falls apart, but travels all the time. It probably costs about the same.[/quote] DP but OP doesn't want an expensive travel hobby and frugal anything else. They want an OTT travel budget *and* unlimited dining out *and* no guardrails on kid activity spending *and* no upper limit on college costs. There's no part of their list that says "here's where we'll cut back to make this work" unless that's how you read reasonable retirement spending, and that's . . . not the right place to cut.[/quote]
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