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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Yes you can afford.
Be prepared for lifestyle creep as your child grows up with and begins to ask for what the 1% "haves" have.... they will be exposed to frequent electronics upgrades, sports, travel, cars, designer everything  [/quote]

OP is the 1% "haves."
[/quote]

No. You’re Clueless. OP is in the 3%. The 1% has another level of money. There is a difference between flying to Cabo for vacation and flying to Cabo on a private jet. There is a difference between getting one Cartier watch and getting a Cartier every Christmas. [/quote]

We are in the 1% and have a seven figure HHI. We are not flying on private jets. We don’t even fly business class. We are still spending 30-40k for spring break flying economy plus for a family of five.[/quote]

Same except I’m surprised your spring break is that expensive with exp flying economy. [/quote]

Our economy plus tickets cost 15k. Hotels are 2k per night. Our spring break will probably end up being 40-50k, not 30-40. I didn’t really think about it until thing this out.[/quote]

So weird that people would spend $40K on spring break. Our family of 5 is flying from IAD to SYD in business class for 510K frequent flyer miles (FMV of $6200) and staying at the Park Hyatt in a duo combination of the Sydney Suite and a room with two twin beds for 5 nights at a cost of 400K Hyatt points (FMV of $6800) + $1000 USD. All our frequent flyer miles and hotel points are courtesy of DH’s business travel. That’s only $14K in [b]effective[/b] spending plus maybe another $6K in meals, entertainment, and incidentals. That’s $20K max for an unbelievably luxurious spring break jaunt to the land down under. Only $7K of which is actual cash spent.

So, what kind of moron spends $40K for economy plus?!?!?[/quote]

The fmv of 5 people flying business class to Sydney Australia is not $6200. You happen to have the miles which made this very affordable but most people don’t and most couldn’t afford this. also, I looked at just the cheapest suite that’s available at that hotel… Not even the second room with the twin beds… And it’s the equivalent of over $1600 a night. And then, of course, the last question is, why are you going to Australia for only five overnights? What industry is your husband in?

[/quote]

No, the fair market value of 510,000 frequent flyer miles is $6200. Using them to buy business class tickets to Australia is what allows them to deliver outsized value. Cash prices for the same five tickets are usually around $45K. So, anyone not playing the points game is just a dummy. [/quote]

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