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General Parenting Discussion
Reply to "How do y’all afford kids ?"
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[quote=Anonymous]A high-earning career + a FIRE mindset + geoarbitrage. Worked in Biglaw for many years in NYC/SF. Lived like a law student. Started out making $200k and spending $35k as a single person. Got married and we probably made $400k as a couple, spent $55k, and saved the remainder after taxes, say $175k. Made partner and got HH income up to $800k with spending still flat at $55k. We both quit working to take 1-2 year sabbaticals. We wanted to start a family since I was late 30s and she was early 30s, but didn't want to do it in SF. Then we moved to SoCal where a house 3 miles from the ocean cost 1/3 of a house in the Bay. Started working again for just a few hours a day on average. Then had kids. By then we were pretty much financially independent. Probably could quit work if I wanted, but there's a bit of uncertainty about how much we will spend as the kids get older.[/quote]
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