A Week In Washington, DC, On A Joint $655,000 Income - Money Diary

[Anonymous]

Anonymous wrote:I had no idea surgeons work such long hours - 6 am to after 6 pm; it's crazy. It's awesome that they give 3K/month to charity. I agree with the dog daycare, you can't leave the dogs alone at home for such a long time.

Really?

My DH is an orthopedic surgeon and due to covid his patient load is INSANE (Pent up demand from surgery closures, people getting fatter and less mobile and deferred surgery leading to more complicated/involved surgeries) he's currently pulling some weeks close to 70hr work weeks.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why the hell are people with this income buying pet insurance?!

That was really my only question.

6 pages in and I still have this question.

HHI of 300k and I too am still confused about the pet insurance.

I'm guessing it's some service from their vet's office that gets them like unlimited ear cleaning or something.

[Anonymous]

Anonymous wrote:

Anonymous wrote:They give a measly $3000 per year? Damn.

Oops. Sorry. That's per month.

Even so.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:They give a measly $3000 per year? Damn.

Oops. Sorry. That's per month.

Even so.

That's 5% of their pre-tax income. Even folks who tithe typically cap at 10%. What would you consider non-measly?

[Anonymous]

It’s all GO GO Go yet also really boring at the same time. Millennial skincare routine is so tiresome as well as environmentally wasteful. I’m surprised someone who went to med school puts so much stock in it. I’m tired just reading about the 4 am workouts. The hard boiled eggs for breakfast or bites of lunch from the cafeteria are sad.

[Anonymous]

I’m guessing ortho, urology, ENT or plastics as her speciality

[Anonymous]

Anonymous wrote:ok, key financial break down here:

Occupation: Surgeon
Industry: Health Care
Age: 33
Location: Washington, DC
Joint Salary: $655,000 (My salary is $515,000 and my husband's is $120,000 — he is eligible for quarterly bonuses and I will be eligible for performance-based bonuses starting in summer 2020)
My Paycheck (biweekly): $12,178
My Husband's Paycheck (biweekly): $3,084
Gender Identity: Woman
Monthly Expenses
Property Taxes: $1,000 (We purchased our 4bd/4ba townhouse using money I inherited from my great grandparents, so we only have to pay property tax)
Utilities: $300-$400
Student Loans: $0 (My husband just finished paying off his law school loans. My parents covered my undergrad and med school tuition.)
Retirement: We each contribute $775 per paycheck to our individual 401(k). Additionally, we contribute $6,000 to additional tax-managed investment accounts. (This account is managed by our family office staff.)
Charitable Giving: $3,000 (given to the family office for directed giving.)
Dog Day Care: $1,400
Pet Insurance: $28
Health Insurance: Mine is covered through my employer, my husband pays $212 per month for his health plan
Vision and Dental: $38 for both of us through my company's health insurance
Insurance (Car/Home/Life): $480
Theatre Tickets: $690 annually for season tickets to an experimental theatre company in DC
Boat Club Dues: $750 annually
Work Parking: $115
Netflix: $13
Apple Music: $11
Coffee Bean Delivery: $40
Gym Membership: $352.12 for my husband and I (my husband expenses $50/month)
Credit Card Annual Fee: $550
Cleaning/Laundry Service: $800
Husband's Fraternity Alumni Dues: $50 annually
My Sorority Alumni Dues: $33

Weekly Total Spent: $8,391.29

Why do surgeons make so much money? Seems really wrong. Why do the EMT's who save lives make so much less.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I had no idea surgeons work such long hours - 6 am to after 6 pm; it's crazy. It's awesome that they give 3K/month to charity. I agree with the dog daycare, you can't leave the dogs alone at home for such a long time.

Really?

My DH is an orthopedic surgeon and due to covid his patient load is INSANE (Pent up demand from surgery closures, people getting fatter and less mobile and deferred surgery leading to more complicated/involved surgeries) he's currently pulling some weeks close to 70hr work weeks.

I wonder how many mistakes are made when surgeons work hours like that. So much room for error.

[Anonymous]

Anonymous wrote:

Anonymous wrote:ok, key financial break down here:

Occupation: Surgeon
Industry: Health Care
Age: 33
Location: Washington, DC
Joint Salary: $655,000 (My salary is $515,000 and my husband's is $120,000 — he is eligible for quarterly bonuses and I will be eligible for performance-based bonuses starting in summer 2020)
My Paycheck (biweekly): $12,178
My Husband's Paycheck (biweekly): $3,084
Gender Identity: Woman
Monthly Expenses
Property Taxes: $1,000 (We purchased our 4bd/4ba townhouse using money I inherited from my great grandparents, so we only have to pay property tax)
Utilities: $300-$400
Student Loans: $0 (My husband just finished paying off his law school loans. My parents covered my undergrad and med school tuition.)
Retirement: We each contribute $775 per paycheck to our individual 401(k). Additionally, we contribute $6,000 to additional tax-managed investment accounts. (This account is managed by our family office staff.)
Charitable Giving: $3,000 (given to the family office for directed giving.)
Dog Day Care: $1,400
Pet Insurance: $28
Health Insurance: Mine is covered through my employer, my husband pays $212 per month for his health plan
Vision and Dental: $38 for both of us through my company's health insurance
Insurance (Car/Home/Life): $480
Theatre Tickets: $690 annually for season tickets to an experimental theatre company in DC
Boat Club Dues: $750 annually
Work Parking: $115
Netflix: $13
Apple Music: $11
Coffee Bean Delivery: $40
Gym Membership: $352.12 for my husband and I (my husband expenses $50/month)
Credit Card Annual Fee: $550
Cleaning/Laundry Service: $800
Husband's Fraternity Alumni Dues: $50 annually
My Sorority Alumni Dues: $33

Weekly Total Spent: $8,391.29

Why do surgeons make so much money? Seems really wrong. Why do the EMT's who save lives make so much less.

This is the dumbest take I have read today, and I spent some time in the Politics forum. Congratulations, I guess.

[Anonymous]

Where's the salaries for Home Office staff?

[Anonymous]

Anonymous wrote:

Anonymous wrote:ok, key financial break down here:

Occupation: Surgeon
Industry: Health Care
Age: 33
Location: Washington, DC
Joint Salary: $655,000 (My salary is $515,000 and my husband's is $120,000 — he is eligible for quarterly bonuses and I will be eligible for performance-based bonuses starting in summer 2020)
My Paycheck (biweekly): $12,178
My Husband's Paycheck (biweekly): $3,084
Gender Identity: Woman
Monthly Expenses
Property Taxes: $1,000 (We purchased our 4bd/4ba townhouse using money I inherited from my great grandparents, so we only have to pay property tax)
Utilities: $300-$400
Student Loans: $0 (My husband just finished paying off his law school loans. My parents covered my undergrad and med school tuition.)
Retirement: We each contribute $775 per paycheck to our individual 401(k). Additionally, we contribute $6,000 to additional tax-managed investment accounts. (This account is managed by our family office staff.)
Charitable Giving: $3,000 (given to the family office for directed giving.)
Dog Day Care: $1,400
Pet Insurance: $28
Health Insurance: Mine is covered through my employer, my husband pays $212 per month for his health plan
Vision and Dental: $38 for both of us through my company's health insurance
Insurance (Car/Home/Life): $480
Theatre Tickets: $690 annually for season tickets to an experimental theatre company in DC
Boat Club Dues: $750 annually
Work Parking: $115
Netflix: $13
Apple Music: $11
Coffee Bean Delivery: $40
Gym Membership: $352.12 for my husband and I (my husband expenses $50/month)
Credit Card Annual Fee: $550
Cleaning/Laundry Service: $800
Husband's Fraternity Alumni Dues: $50 annually
My Sorority Alumni Dues: $33

Weekly Total Spent: $8,391.29

Why do surgeons make so much money? Seems really wrong. Why do the EMT's who save lives make so much less.

Wow you’re dumb as shit. Do you not understand how society and the economy work?

[Anonymous]

Anonymous wrote:

Anonymous wrote:ok, key financial break down here:

Occupation: Surgeon
Industry: Health Care
Age: 33
Location: Washington, DC
Joint Salary: $655,000 (My salary is $515,000 and my husband's is $120,000 — he is eligible for quarterly bonuses and I will be eligible for performance-based bonuses starting in summer 2020)
My Paycheck (biweekly): $12,178
My Husband's Paycheck (biweekly): $3,084
Gender Identity: Woman
Monthly Expenses
Property Taxes: $1,000 (We purchased our 4bd/4ba townhouse using money I inherited from my great grandparents, so we only have to pay property tax)
Utilities: $300-$400
Student Loans: $0 (My husband just finished paying off his law school loans. My parents covered my undergrad and med school tuition.)
Retirement: We each contribute $775 per paycheck to our individual 401(k). Additionally, we contribute $6,000 to additional tax-managed investment accounts. (This account is managed by our family office staff.)
Charitable Giving: $3,000 (given to the family office for directed giving.)
Dog Day Care: $1,400
Pet Insurance: $28
Health Insurance: Mine is covered through my employer, my husband pays $212 per month for his health plan
Vision and Dental: $38 for both of us through my company's health insurance
Insurance (Car/Home/Life): $480
Theatre Tickets: $690 annually for season tickets to an experimental theatre company in DC
Boat Club Dues: $750 annually
Work Parking: $115
Netflix: $13
Apple Music: $11
Coffee Bean Delivery: $40
Gym Membership: $352.12 for my husband and I (my husband expenses $50/month)
Credit Card Annual Fee: $550
Cleaning/Laundry Service: $800
Husband's Fraternity Alumni Dues: $50 annually
My Sorority Alumni Dues: $33

Weekly Total Spent: $8,391.29

Why do surgeons make so much money? Seems really wrong. Why do the EMT's who save lives make so much less.

Fee per procedure, plus complexity. EMTs just get you stabilized, they don’t fix you for the long term.
I agree that EMTs, ER docs, and primary care doctors should make more. But they treat a lot uninsured people who don’t pay. By the time you see a surgeon, they’ve already figured out who is gonna pay.

[Anonymous]

Anonymous wrote:

Anonymous wrote:ok, key financial break down here:

Occupation: Surgeon
Industry: Health Care
Age: 33
Location: Washington, DC
Joint Salary: $655,000 (My salary is $515,000 and my husband's is $120,000 — he is eligible for quarterly bonuses and I will be eligible for performance-based bonuses starting in summer 2020)
My Paycheck (biweekly): $12,178
My Husband's Paycheck (biweekly): $3,084
Gender Identity: Woman
Monthly Expenses
Property Taxes: $1,000 (We purchased our 4bd/4ba townhouse using money I inherited from my great grandparents, so we only have to pay property tax)
Utilities: $300-$400
Student Loans: $0 (My husband just finished paying off his law school loans. My parents covered my undergrad and med school tuition.)
Retirement: We each contribute $775 per paycheck to our individual 401(k). Additionally, we contribute $6,000 to additional tax-managed investment accounts. (This account is managed by our family office staff.)
Charitable Giving: $3,000 (given to the family office for directed giving.)
Dog Day Care: $1,400
Pet Insurance: $28
Health Insurance: Mine is covered through my employer, my husband pays $212 per month for his health plan
Vision and Dental: $38 for both of us through my company's health insurance
Insurance (Car/Home/Life): $480
Theatre Tickets: $690 annually for season tickets to an experimental theatre company in DC
Boat Club Dues: $750 annually
Work Parking: $115
Netflix: $13
Apple Music: $11
Coffee Bean Delivery: $40
Gym Membership: $352.12 for my husband and I (my husband expenses $50/month)
Credit Card Annual Fee: $550
Cleaning/Laundry Service: $800
Husband's Fraternity Alumni Dues: $50 annually
My Sorority Alumni Dues: $33

Weekly Total Spent: $8,391.29

Why do surgeons make so much money? Seems really wrong. Why do the EMT's who save lives make so much less.

Surgeons don’t save lives ?

[Anonymous]

Pet insurance is a new thing. And a growing trend. I have considered it.

[Anonymous]

Anonymous wrote:She has a friggin’ family office. That’s an indicator of massive family wealth. At least $20m in assets.

I mean she got enough money from GREAT grand-parents to buy a house free & clear. That means grandparents and her parents will have a lot more to pass on. Plus fully paid med school? That’s nuts.

It’s impressive that she pushed herself into surgery. She clearly didn’t need to do it.

The wealth likely dwarfs the annual $600K income.

I wonder how much the family office donates each year, and whether or not their contributions are anonymous.