Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Great aticle on how middle class is struggling and not saving enough"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous][quote=Anonymous]Why did he chose to live in Brooklyn and have to pay for private schools when he could have lived in Staten Island, Queens - or the suburbs of Nassau or Suffolk county. Same thing with paying for his kid's wedding. Its keeping up with the Joneses. DH's family and my parents were poor and through our own savings we paid for a beautiful "UMC" wedding. Whatever that meant. Weddings are optional. The first daughter went to medical school. Stanford is an extraordinarily good school but here's a dirty little secret, medical school is a different beast. You don't have to go to ivy to be a successful doctor. They care what more about your MCATs and which medical school/residency you get into. I know very successful doctors in high paying specialties that went to state schools. If you go to Stanford to do a start up that's a total different story. They paid an inordinate amount of money for the second daughter to be a social worker. Poor choice.[/quote] Re: living in Brooklyn/sending to private. There was a period of time when he was doing really well in his career (I think he said one of his books was optioned for a film?) and I got the impression that that's when they decided to buy in Brookyn, wife would quit her job to SAH, and that eventually they would pay for private school. His big mistake was assuming that his income would keep rising at a steady pace. He even says at one point none of his mistakes (such as buying a second house before selling the first one or selling his first house at a loss) would have mattered in the end had that happened. And the thing is, it's not so unusual for people to think that: that they'll keep making more money as they get older. How could he have predicted the collapse of print media?[/quote] If he assumed his salary would keep going up when he chose such an unstable field the fault is his own. I know they fire people in my field at the drop of a hat so my DH and I are socking away as much money as possible while times are good.[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics