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

[Anonymous]

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

You made me laugh aloud. Thank you.

[Anonymous]

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Anonymous wrote:I found it interesting that the husband needs to pay off his law school debt himself given how wealthy her family is. That debt is nothing compared to her wealth.

It’s her wealth, not his. Why should she pay for it?

Is this a serious question?? They’re married.

Do you think Mark Zuckerberg has Priscilla Chan still working to pay off her medical school debt??

I remember Nicole Shanahan who is the wife of Sergey Brin (billionaire and founder of google) talk about her student loans in a video. I’m sure Brin who is now her husband has paid it off for her.

I find it bizarre that she has her husband working to pay it off. Given she has a family office she can afford it. I’m assuming that he is going to be the father of her children so...???

Yes, it’s a serious question. It was my question, actually. Clearly, having a prenup, this family doesn’t think like you do. Why on earth would she pay his loans off after securing a prenup?

I’m the person that asked if this is a serious question. She’s smart to have a prenup. Never disagreed with that. And honestly, doesn’t sound like a family I would marry into. There are plenty of wealthy families that aren’t like this one and actually kind.

And she is not kind, because?

DP- I think she sounds confident and generous with her immediate family, which is great, but she doesn’t sound kind. The insistence on her husband paying his own loan and fantasizing about setting up her sister with her DH’s friend just after she met his sweet gf (wtf?) just gives off an unkind vibe. She seems awesome in some ways but is probably overbearing and controlling in real life.

Maybe he wanted to pay off his own loans. It’s clear that he’s living off her family’s money/her income. Even if she didn’t pay his loans directly, by paying his living expenses for years, he was certainly able to put more of his own income towards his student loans. If you recognize that money is fungible, her family/her income did contribute to his loan payments.

He is living in a home he could not afford on his own. He travels business class and eats higher end food. He’s definitely financially benefitting from her money. I still don’t think she needs to pay off his loans. What if she did and the next year he cheated or died or left her?

I haven’t read all prior posts in this thread, but this stuck out to me. There are some couples that are 100% in together for a path of financial freedom, and will choose to pay off all debt, and both work to do it. There are other families where your debt is your burden, no matter what. Before I married I would have been in the first camp. After divorce, I understand the discipline demonstrated by paying off such a large investment. It isn’t just about the money. It is a mentality that is pretty common in different families. Anyway, this woman’s prenup presumably would protect her (and/or his) wealth. Maybe the husband paying off his student loan debt were one of the requirements to modify their marital prenup terms in a way that may be more beneficial to the husband. Who knows.

[Anonymous]

My cousin has a trust fund and also makes good money on his own. He asked for some money from his mother without telling her for what and he apparently used a lot of it to pay off his wife’s student loans and get her a fancy engagement ring. His wife does not really work and this was one of many incidents that cemented my aunt’s view that the wife was a worthless gold-digger. She herself had waited years to get a nice engagement ring because she felt her husband couldn’t afford it.

Anyway, moral of the story, there may be family dynamics at play that we are not aware of that make it better if the husband paid for his own loans. This woman is about 20 times smarter than my cousin that’s for sure.

[Anonymous]

Why are we so quick to call this “her” money. She’s a spoiled trust fund baby who is also being supported in a lifestyle she otherwise couldn’t afford. Why is marrying into money looked down on but inheriting money is not? She won the birth lottery, at least he theoretically must be bringing something to the table in order to marry his way into this wealth. Weird double standard IMO.

[Anonymous]

We had an HHI of $653,000 last year. We gave $100,000 to charity and saved $190,000. No, not at all relatable.

[Anonymous]

Didn’t read the first 15 pages, but I just can’t even with the dog daycare. Why have a dog if you have those type of work hours? What about the actual children in DC who need childcare or safe supervision and have none? Yet a dog gets it? Oof.

[Anonymous]

Anonymous wrote:My cousin has a trust fund and also makes good money on his own. He asked for some money from his mother without telling her for what and he apparently used a lot of it to pay off his wife’s student loans and get her a fancy engagement ring. His wife does not really work and this was one of many incidents that cemented my aunt’s view that the wife was a worthless gold-digger. She herself had waited years to get a nice engagement ring because she felt her husband couldn’t afford it.

Anyway, moral of the story, there may be family dynamics at play that we are not aware of that make it better if the husband paid for his own loans. This woman is about 20 times smarter than my cousin that’s for sure.

Wow you really hate your cousin’s wife huh? Your cousin clearly likes her and chose not to tell his mom what he needed the money for, so why is she the one who’s blamed? Money sure makes people judgey bitches.

[Anonymous]

We had an HHI of $653,000 last year. We gave $100,000 to charity and saved $190,000. No, not at all relatable.

So you make 650+ and live on about 100k? Do you have kids? Take vacations? 529s? Mortgage? Car payment?

[Anonymous]

Anonymous wrote:

Anonymous wrote:My cousin has a trust fund and also makes good money on his own. He asked for some money from his mother without telling her for what and he apparently used a lot of it to pay off his wife’s student loans and get her a fancy engagement ring. His wife does not really work and this was one of many incidents that cemented my aunt’s view that the wife was a worthless gold-digger. She herself had waited years to get a nice engagement ring because she felt her husband couldn’t afford it.

Anyway, moral of the story, there may be family dynamics at play that we are not aware of that make it better if the husband paid for his own loans. This woman is about 20 times smarter than my cousin that’s for sure.

Wow you really hate your cousin’s wife huh? Your cousin clearly likes her and chose not to tell his mom what he needed the money for, so why is she the one who’s blamed? Money sure makes people judgey bitches.

Np here but I have the same reaction as the mom. Cousin might like his wife but yes, gold digger bells are ringing!

[Anonymous]

Anonymous wrote:We had an HHI of $653,000 last year. We gave $100,000 to charity and saved $190,000. No, not at all relatable.

Why are you saving so little on your income and donate so much?
No offense just curious.

[Anonymous]

We have a decent HHI - much less than her but still a lot from my perspective - and I’m surprised by how cavalierly she spends money. $2k for a dress for Christmas party, hundreds on a tablecloth... what is the point of such excess? Gross.

[Anonymous]

Anonymous wrote:

Anonymous wrote:My cousin has a trust fund and also makes good money on his own. He asked for some money from his mother without telling her for what and he apparently used a lot of it to pay off his wife’s student loans and get her a fancy engagement ring. His wife does not really work and this was one of many incidents that cemented my aunt’s view that the wife was a worthless gold-digger. She herself had waited years to get a nice engagement ring because she felt her husband couldn’t afford it.

Anyway, moral of the story, there may be family dynamics at play that we are not aware of that make it better if the husband paid for his own loans. This woman is about 20 times smarter than my cousin that’s for sure.

Wow you really hate your cousin’s wife huh? Your cousin clearly likes her and chose not to tell his mom what he needed the money for, so why is she the one who’s blamed? Money sure makes people judgey bitches.

No I have actually never met her; she may be a really great person. I’m conveying my aunt’s feelings. I can guarantee you my cousin contributed to the toxic dynamic- he worked with his wife before dating her and told his mom she was “the office slut.” Not exactly a good way to introduce the woman you will one day marry. There is a lot of toxicity on that side of the family and I want nothing to do with it!!

[Anonymous]

Anonymous wrote:We have a decent HHI - much less than her but still a lot from my perspective - and I’m surprised by how cavalierly she spends money. $2k for a dress for Christmas party, hundreds on a tablecloth... what is the point of such excess? Gross.

They don’t have kids!!! What else do you expect to spend it on?

[Anonymous]

Anonymous wrote:We have a decent HHI - much less than her but still a lot from my perspective - and I’m surprised by how cavalierly she spends money. $2k for a dress for Christmas party, hundreds on a tablecloth... what is the point of such excess? Gross.

She's a wealthy woman. She lives well. If you saw her life you'd probably realize it's not unduly extravagant or vulgar. But she is surrounded by quality and pays for it.

[Anonymous]

Anonymous wrote:We have a decent HHI - much less than her but still a lot from my perspective - and I’m surprised by how cavalierly she spends money. $2k for a dress for Christmas party, hundreds on a tablecloth... what is the point of such excess? Gross.

She has a decent HHI, no kids, and more importantly, family money. You’re one of the poors so of course you’re not going to understand her spending.