Again, it doesn’t work that way. Certainly there is an opportunity cost - as there is anytime you do anything with your time over something else. But he isn’t getting paid by the hour - he isn’t going to make more money by taking an hour on Sunday to work instead of doing chores. There may be a cost in that he didn’t get to relax or didn’t get to do something else more enjoyable, but there is no “$1000 lost.” I’m not sure how you are logically reaching your conclusion - truly baffled. |
What is even more baffling is how they are such morons. |
You have to be a government employee with your transparently non entrepenurial attitude. No it is not about hours worked. It is about understanding that the marginal value of a high earners personal time is worth even more than the hourly value. Unlike a government drone who thinks the very best use of their spare time in the evening is taking out the garbage. Because doing extra work will never result in more value it has zero marginal value so in that case working for minimum wage IS a better use of YOUR time. But the guy who makes $3000000 makes that kind of money because he does things which leverage the value of his time. It doesn't tha e to be doing his job. It could be almost anything which resulted in future value creation. What do you think is a better use of Warren Buffets time,washing dishes,or playing bridge(one of his hobbies)? |
You should better utilize your time and visit a psychiatrist for a formal diagnosis… |
My husband makes $3000000 a year. He is a brilliant business genius. He must fold the laundry because that is obviously a better use of his time then relaxing and quite possibly having a brainstorm which he can then develop over time into his next idea so he can continue making $3000000 a year. Albert Einstein should have been washing the dishes and folding laundry not scribbling stupid equations in his notebook after finishing up at the patent office job. What s misogynist he thought winning nobel prizes was.more important than splitting all the chores 50/50 |
I'm sure you know quite a few of them. |
It’s the internet. Don’t believe everything you read on the internet. |
I mean, in all of those cases I think if you know that's going to be the issue going in, you should really think hard about whether this is the time for kids. I do think the kids of active duty military have it very tough unless the home front parent has a really good support system. Even then, those people get home leave and when they do, I'm guessing they change diapers and help with homework and stuff. If they don't, I have no problem saying they should not have had children. Same with FS officers. I actually know a bunch of these and if you understood the rates of divorce and alcoholism in that field, you might also suggest someone in the FS really think hard about having kids, especially if they are in an area where assignment to an embassy where they can't take kids is likely. The FS officers I know with happy home lives all made career sacrifices to make that happen. A single mom is obviously doing tons of parenting. She has no choice but to hire childcare while she works, but she is of course spending tons of time with her kids outside that. After the early years, kids are in school anyway. The question was whether you can outsource ALL parenting responsibilities if you have enough money, and my argument is that if you do, you aren't really a parent. If you don't want to spend time with children and do mundane things like change diapers and help with homework, DO NOT BECOME A PARENT. |
You’re getting closer to making a coherent argument, because you completely changed what you said before! |
I don't make 3mm a year, but I make a lot of money. I'm guessing you don't make a lot of money because you don't seem to understand how it works. The truth is, even if you outsource, there is a lot to be done around the house. Outsourcing is often more hassle than it is worth. And even for wealthy people who earn a lot, it is often the case that the "imputed" income of doing your own work is higher than what you might earn in those hours if you could find hourly work for a few hours a week. But all aside, it comes down to respect and fairness. I don't think my wife should work endlessly at housework because I can and do make a lot of money. I'm glad that she was willing to leave her job to take care of the home front. She does most of the house work, by far, but I'm not going to put my feet while she works around the house just because I can make a lot of money while I'm working. Maybe that means that I value helping my wife more than I value my free time, but that's just the reality. And in a family, I don't think it's fair to make everyone else do all the non-earning work just because I work and make money. |
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You can't afford a nanny? Really?
Even without a nanny, outsource what you can. |
I don't want my kids raised by a nanny, nor do I want a stranger hanging around my house while I'm home. |
| What these posts suggest to me is that some people are better off not getting married or having kids. If life is all about monetizing your time, then do not get married and certainly do not procreate. Several posters seem to have taken an econ class or two and then attempted to apply to it married life. Maybe if you're worth $200/hour and spending an hour to wash dishes to make your wife happy is literally not worth it to you, but you should probably take into account losing 50% of your assets in the case of divorce. |
I'm sure my wife would be happy to wash dishes for $200/hour. |
OP and her husband are outsourcing their kid for 10 hours a day. Seems to me if you've decided that's acceptable then you can outsource just about anything else. |