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Old 02-16-2010
bb74 bb74 is offline
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300K single with no attachments is a different story than 300K with a wife and 2 children. Currently in the latter situation, I'd have to say get a boat for weekend and vacations (better yet charter out bareboat for some holidays)...

Put aside 75K for each kid, spend 75K on your boat, and 75K for extended vacations with family and friends. Negotiate a 60 day sabbatical once the boat is set and head out with the family for a few weeks and see where it leads.

I know this is the conservative route but until the kids are independent and equipped to take on the world it's a tough proposition to drop everything and "just go". I realize the only thing we don't get back is "time" but that's a double edged sword when considering children and their needs at certain critical times. 300K and a single without a port of call, that's an entirely different story...
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