Reply to Life is Easy in NW DC on $300k, AMA

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[quote=Anonymous][quote=Anonymous]Op, I think I got you beat. It should be "AMA" me.
I have lived in NWDC on $24k-$35k a year since 1997.
I enjoy the same nice neighborhood as you, my kid goes to public school and I drive a paid off car, and the damn thing is going to drive another 10 years.
Ofcourse I don't live in a house or own a house, but I really don't want to live in a house.  I grew up on a farm and don't want to pull out one weed as long as I live. I love condo living- front desk, underground parking, heated pool, maintenance guys in the building, 1 block from DCPS.
Kid goes to public school and is doing fine there. 
We travel to Europe once a year, no family money and I also took 3 months off this summer. Life is great, not complaining at all.
 Retirement? Will spend most of the time in Europe where col is much lower. 
Kid's education? Will pay for his BA. Mortgage will be retired way before kid goes to college. 
I do receive child support, but it's only $400 a month.
We literally live off of about $1000 a month after all set expenses are paid, but it's plenty.
[/quote]

I'd love to AYA, PP!  Here are my questions:

How do the travel expenses work, along with the vacation time (I imagine that you're a teacher using CC points, hence the 3 months)?

What about condo fees / rent (the building you're describing sounds eerily similar to a very expensive one in Cathedral Heights)?  Save for the old studios/small 1BRs, that whole section of NW ain't cheap, IME.

Good on you for saving enough to send your kid to college on ~$30k!  What was your investment strategy -- index funds, etc?[/quote]

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