- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: $100,000 income: No big deal anymore
Posted on 7/25/17 at 12:29 pm to Salmon
Posted on 7/25/17 at 12:29 pm to Salmon
quote:
'm not against daycare.
But I'm not making my wife work for $12k/year unless we have to.
Some people value things more than others
Salmon I will definitely admit that im an exception and not the rule.
I have a legit fear of being poor.
1
Posted on 7/25/17 at 12:30 pm to lsucoonass
quote:
Where the hell do you all live.
Somewhere expensive.
quote:
I also don't mind commuting 30-45 mins
Each way? Ya, I'm going to purchase my way out of that if I can. Time to myself/wife is worth the money. Also time to pursue other pursuits that may bring in more money.
Posted on 7/25/17 at 12:30 pm to S
quote:
You can live very comfortably on 100k in most places where keeping up with the status quo is not high on one's agenda.
Bingo
Posted on 7/25/17 at 12:31 pm to 50_Tiger
quote:
I have a legit fear of being poor.
if you are already making $100k, your wife not working is not going to make you poor
Posted on 7/25/17 at 12:33 pm to slackster
quote:
I pay $225/week for 3 kids in daycare. I know that is on the lower end, but it is also a pretty barebones daycare operation. We just need someone to keep them alive for 8ish hours per day, so it works for us. In Louisiana, the average child care costs for a 4-year old are $400/month. In Texas, it is $550/month. This all goes back too the discussion of necessary spending vs discretionary spending.
This is what I'd prefer when that time comes. It is just my nature.
Posted on 7/25/17 at 12:33 pm to Bob Sacamano
quote:
Honestly, depending on what you need to live at a certain level in some places (basic home prices for decent neighborhoods, private schools, taxes), 200k doesn't go that far.
This
There are only 3 counties in the entire US where $200k household income would be anything less than double the median income. Even in Loudoun County, VA, with a median income of $120k, $200k would go quite a long ways.
Posted on 7/25/17 at 12:33 pm to Salmon
quote:
if you are already making $100k, your wife not working is not going to make you poor
True, but its also not maximizing potential.
Goal is to retire at 55 not 65.
Posted on 7/25/17 at 12:34 pm to TigerintheNO
quote:
my next door neighbor did, after moving her from Arkansas they saw the price for tuition, she converted and had all of 4 of her children baptized Catholic
There are a few schools in the area that would save me around 4k per kid but I don't think the wife will let me change their school at this point. I'd be fine living in Zachary, Central or P'Ville but the wife hates the commute. I'm sure she'll change her mind if BR continues declining.
Posted on 7/25/17 at 12:34 pm to 50_Tiger
quote:
True, but its also not maximizing potential.
well this is where maximizing the potential of your children come into play
Posted on 7/25/17 at 12:35 pm to 50_Tiger
quote:
Goal is to retire at 55 not 65.
You don't have to make 100K for this to happen, but you do have to manage your finances well 24/7/365.
Posted on 7/25/17 at 12:35 pm to The Pirate King
quote:
maybe in California or NYC. I know this is the place of OT ballers, but if your household can't survive on 200k a year, you have serious spending problems.
Conversely, they may have a serious saving "problem."
People on 200k a year don't necessarily live much grander lifestyles day to day. The big difference is they don't need to save 5 months for a TV by counting every dollar, but overall, it can be very similar. It pays off bigly at retirement though.
Posted on 7/25/17 at 12:35 pm to kywildcatfanone
quote:
You don't have to make 100K for this to happen, but you do have to manage your finances well 24/7/365.
I do quarterly spreadsheets
Posted on 7/25/17 at 12:37 pm to Teddy Ruxpin
quote:
This is what I'd prefer when that time comes. It is just my nature.
I have very low expectations out of our child care provider. All of the parenting/education is done when they're with us. I'm sure I could spend another $750 per kid and find a daycare that teaches Latin, and bravo if that's your choice, but it isn't a big deal to us.
Posted on 7/25/17 at 12:38 pm to 50_Tiger
quote:
I say we turned out pretty damn good.
you did, but I'd still want my wife home raising the kids if I could cover our needs on my salary only.
Posted on 7/25/17 at 12:41 pm to Salmon
I can't imagine my wife not working.
Posted on 7/25/17 at 12:42 pm to Salmon
quote:
well this is where maximizing the potential of your children come into play
I know this is off topic, but unless your wife is a teacher or otherwise has that ability, keeping the kids at home with her all day is not necessarily maximizing their potential.
I couldn't imagine my wife doing all the things daycare does in regards to structure, lessons, and socializing. Not to say it's not possible.
Posted on 7/25/17 at 12:43 pm to slackster
Don't you also usually get a discount for each additional kid? Or is that just in Catholic schools?
Posted on 7/25/17 at 12:45 pm to slackster
quote:
Living in a $175k+ cookie cutter w/ a late model Tahoe and F150
You're a complete retard if you live in a 175k house and have vehicles that are 100k+ combined
Posted on 7/25/17 at 12:45 pm to tigerinthebueche
quote:
you did, but I'd still want my wife home raising the kids if I could cover our needs on my salary only.
Same here. I can cover our needs, but I can't cover all of our wants. We just prioritize those wants, including our want to stay home with the kids, and came up with a plan after that. As soon as I can cover our wants up to the point of staying home with the kids as well, that will be the plan. Whether they turn 5 before that time is another story altogether.
Posted on 7/25/17 at 12:45 pm to GRTiger
quote:
I know this is off topic, but unless your wife is a teacher or otherwise has that ability, keeping the kids at home with her all day is not necessarily maximizing their potential.
perhaps
and like I said, my daughter is in daycare and has been since she was 2, and she has thrived in daycare
but I also feel like she may be more advanced in some things with more one on one learning
Page 11 of 21
Popular
Back to top
Follow TigerDroppings for LSU Football News