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Reply to "Those who have children at privates, what is your HHI and net worth?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]1.6 mil and three in the school - around 40k each. It’s a painful amount of money even at 1.6[/quote] Yeah, no it isn’t.[/quote] DP here. We have a HHI of $1.5-2.5m per year and have 3 kids. Our kids go to public. We considered switching to private but our 3 kids are thriving. We can easily afford the tuition but we would absolutely feel it. It would be our biggest expense.[/quote] What the heck are you wasting your money on? At that income level, you should be putting at least one-half to two-thirds away in savings. So spending $120k on private should not make you feel any change in your lifestyle. Maybe your brokerage account will be $8m instead of $10m in a few years, that’s it.[/quote]
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