I was SAHM and that is how we wanted it. My husband was not interested in SAHP at all. |
You need to widen your circle, pp. Many women have said they would have been able to lean in much more with a "wife" (sahp). |
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What I am getting out of your post is that you have approximately $100,000 after paying taxes, retirement savings, college savings, mortgage, and health insurance. So let’s say you have about 8K per month to pay for food, clothing, transportation, and entertainment. That is an absolute f***ton of money. So yes, you can “technically” and OBVIOUSLY afford to spring for business class tickets on your yearly European vacation if that is something that matters to you (and I am not sure how many rich posters on here were whining about “cattle class” or if you were one of them). That you choose not to is just that, a CHOICE. (TLDR: your post only confirms you would be an idiot to pretend you can’t afford business class on 400K income. Stop crying poor, it’s ridiculous.) |
Where do you all live that you know all these stay at home dads? I do not know a single one. |
I know two in my very middle class neighborhood. One has a wife who is a fed and the other one is married to a teacher. |
If you have 8k a month for all of those things, would you spend 15-20k on business class seats? If you earned 100k a year would you spend 5% of your income on plane tickets for one vacation? My guess is no. I don’t think PP is saying she’s too poor to afford business class. What she’s saying is if you spend 15-20k on business class seats it’s going to have to come from somewhere else. |
+100 PP are you seriously suggesting someone spend two months take home salary on a few hours worth of airplane travel? I think you're the one who's bad with budgeting. |
You’re not answering the Q of where. I’ll answer. I live in Arlington and don’t know a single one. The idea that stay at home dads are all around us is a bit of news to me. But yay for progress. |
No, what I am saying outright is that if business class is important to you (as claimed by the anti “cattle class” posters) then you can ABSOLUTELY AFFORD to pay for it on this level of income. It has nothing whatsoever to do with what you or I do or would choose to do, the fact of the matter is that it is something that YOU CAN EASILY AFFORD if you choose to do so. And it would not be two months take home salary… it would be two months of discretionary income after the majority of basic needs and savings goals have been met. As for this: “ If you earned 100k a year would you spend 5% of your income on plane tickets for one vacation? My guess is no.” If an average middle class family ever wants to take a vacation to Europe, then this is about right… but they of course would need to fly coach to make it work. Not the case with the 400K earners. |
I'll bite. Metro LA. Wife is a managing director at a hedge fund and husband SAHD with three children. Met in college. |
I know another sahd. From hs. Brilliant guy but seemed to lose motivation in college |
I did not read the thread. Want to say that staying home with kids was a big financial and more important emotional mistake for me. I should have made more of an effort to find work, but I had a very sick child, so it made sense for me to stay at home. Now the kids are grown and I am totally miserable and I absolutely hate my life completely and totally. I am BORED out of my mind, but I can't get a job because of my AGE and the huge gap in my resume. I got some training, lost weight, dyed my hair, etc., but still, age and that hole in my resume are holding me back. I'm volunteering and getting more education while I hope someone thinks I'm worth hiring. I deeply regret giving up my job to stay home with kids. I could have managed to go get a grad degree or part-time work, but it was so hard, so I didn't. I'm doing clerical work as a volunteer, and I'm happy to at least contribute to a good cause and have something to do. Sucks, OP. Don't quit your job, or at least work part time and keep the nanny. You will regret giving up your career. I surely do. |
Top PP here. BTW my post generated lots of commentary by other PPs, not me. But this PP made me reflect further about what I wrote. So, when I say I've never felt financially vulnerable, I don't mean vis-a-vis the world or the market, I mean with vis-a-vis my DH. However; something about my situation that I hadn't thought of which may make my situation unique, is that as a child, after my parents split up, I grew up quite poor. It was probably the main reason that I ended up in law school and then in big law, that need for financial security. Fortunately, I've not allowed myself to give in to a certain tendency that can come with this kind of childhood experience, which is, "feeling" that no amount is ever enough. So I'm okay that way. Conversely, as I experienced financial security, something else happened...I know how to live with very little, so (unlike when starting out) I'm not scared of living smaller--I know I can do it, and when my kids were little, I knew that, say my DH died, that I could make a life for our kids on very little. So, that might differentiate me from others. |
I knew several as the wives are the high earner. |