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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Children[/quote]

I see many people make the mistake of overspending on their children. I understand they want their kids to have a certain type of childhood, but what looks like a middle class lifestyle costs so much more than it used to.[/quote]

+1.  We did this.  Private school starting in Kindergarten.  Our kids do expensive sports, and we have allowed multiple private lessons per week, in addition to travel teams, etc.  Also, we felt we had to give them sleepaway camp, ski vacations, etc.  Then, we kept the "nanny" as a housekeeper when our kids were teens, just to make sure someone was at the house to supervise, make snacks, and try to keep the kids off of screens.  Now we are confronting how much we spent over the years.  We have a small house and modest vehicles, but  live in a nice neighborhood.  We don't have a big net worth at all, but we're fine to work as long as we can, as we like working.[/quote]

What is your age, HHI and NW? This is basically my plan and I wonder if we will regret it. Currently 37/41 with $600k HHI and $2m NW + $1m home equity [/quote]

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