Fair point but expenses started out as $14k with $5k daycare. Now two daycares are gone which should reduce expenses to $11k but then you need to add back after school care costs of about $1k. So really would be an adjusted $12k. And then unfortunately there are the impacts of inflation making up a god portion of the difference. But agree with the general thought.Either, or both of you could step back any time you really wanted to.So thought I would update as I turn 40 this year. We simply kept on the path and have not changed anything but now we are at $3.2M net worth ($2.4M investments, $0.15M 529, $500k home equity net of mortgage, and $150k cash)
Likelihood of second windfall has diminished so now assuming $0 but possible to receive something still but prospects are much less certain given the venture markets.
Still wondering when we have “won the game” and when we change our life. Spend about $15k a month which includes day care for 1 child, after school care for two children, and about $15k of travel annually as well.
Still both working and saving between $100k- $150k a year depending on the year and bonuses. Struggling to figure out when one or both of us step back or stop.
But, to be honest, it really does not seem like you want to, which is fine.
Your expenses have gone from $11k/mo to $15k/mo (36% increase) in less than 2 years. While there is absolutely nothing wrong with that at your income level. It does not seem like behavior of people serious about stepping back or stopping.
Statistics: Posted by Bb073084 — Wed Apr 10, 2024 2:38 am — Replies 193 — Views 31992