I’d check that math - that’s 67k/yr, not 20k/yr. 1.2mill/18 years.
I’m a parent and yeah it’s expensive but not multiple mortgages expensive unless you’re choosing certain expenses like very costly private schools. I also don’t compare parenthood with investing in the S&P 500 as they are radically different undertakings, but that’s a different discussion entirely.
>I’d check that math - that’s 67k/yr, not 20k/yr. 1.2mill/18 years.
It is meaningless calculating cost by simple division when the endeavor takes 2 decades. Money today are different from money 20 years ago. S&P500 is pretty reasonable and well accepted device to calculate opportunity cost over such long timeframes.