It is as insane as your revenue. Saying 10k expenses per month is not insane is the reality of just the top earners of this forum.
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Well, it depends how you look at it. If you deduct childcare from a 10k budget, that gives you a budget of 4k per month. Would you call that insane? The reality for single parent/dual income families is that childcare is not optional if you have no family support.
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6k monthly would be for three children at 100% external care?
I wish! 3 kids at 100% would be around 7.5k.
6k is for 2 kids at 100% (just over 5k). plus a bit extra for a third kid (part time).
At this point, wouldnât it be cheaper to hire a nanny that takes care of your kids at home?
A friend of mine has a nanny for 5k taking care of the kids 100%.
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They are out of the social circles then though.
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Maybe, but the saving is marginal and you have to consider:
- Nannies getting sick, whereas daycare have adequate cover/backup. Or if they decide to move on, then you have to scrable for an alternative
- Socialization and friends, learning to interact with other kids (and adults!)
- Learning the local language
Plus the costs decrease over time. Eldest is now out of TAGI (though costs of sports and other activities eat up those savings). Middle one is now reduced now that he started Kindergarten so weâre now down to 3.5k a month. Hopefully in 2 years it will be down to 2k once the youngest is in KG.
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This forum went down the rabbit hole of commenting on other peopleâs parenting decisions before and the role of women and it was agreed not to discuss non FIRE matters
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Ok, I suggest to just stop discussion of family arrangements.
Checking in, now exactly one year in âovertimeâ from the 36 months runway we had laid out
Still working, taking a few months at a time, but now off autopilot mode and preparing to land the jumbo
We saw a 25 pct net worth increase in the past 12 months, landing us at 7.8M, up from 6.2M. Way past FIRE goal post of 5M. Market has been kind to us and we count our blessings
Snowball effect is real
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Impressive! Well done! 
Still planning to lift the anchor and travel around or that changed in the meantime?
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Thanks. Indeed still the plan to travel, which also has made forecasted retirement spend a big challenge. My approach is to budget from todays spend level (with extremely high Swiss COL), and assume this will be same/lower during travel (mix of COL areas)
If weâd overspend 50k for a year travelling we should still be ok though
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Travel or relocate continously?
I tried to calculate how much will it cost to me to travel and I see that I still have to pay the big majority of my expenses in CH (housing and health insurance) so traveling for 6 months means that I might save on groceries, hobbies and fun, which is less than the cost that Iâd have to pay for a 2nd rent.
You all probably think of leaving your swiss home, right?
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We will leave Basel and Switzerland behind, probably for good, and get a new/cheaper base to travel from
Indeed doing extensive long term travel from Swiss base is super expensive - and issue for permit holders too. Plus, impractical as we still get a lot of snail mail which needs handling, other countries are much further with electronic handling which facilitates life on the road
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