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

[Anonymous]

Anonymous wrote:

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?

Because they are married? He couldn’t have had much though if he only makes $120k.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

[Anonymous]

I thought it was funny when she hired a decorator and her husband reminded her there are worse problems in life. Ya don't say?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

[Anonymous]

Anonymous wrote:

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.

6 am to 6 pm is in no way crazy.

It is if you have to perform surgery.

I’ve known transplant surgeons who routinely pull shifts more that twice that long. Over 24 hours when an organ comes available on their call. 12 hours is nothing.

[Anonymous]

Anonymous wrote:

Anonymous wrote:If he only makes $120k that ain’t “big law.”

I guarantee he’s a Fed. If kids are in the cards they won’t have time for surgeon + Big Law.

I agree that he’s definitely a fed lawyer. Interestingly I know a few fed lawyers married to women who are much higher earners. I think it might be a dad track job.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If he only makes $120k that ain’t “big law.”

I guarantee he’s a Fed. If kids are in the cards they won’t have time for surgeon + Big Law.

I agree that he’s definitely a fed lawyer. Interestingly I know a few fed lawyers married to women who are much higher earners. I think it might be a dad track job.

What fed gets quarterly bonuses? Might be non-profit.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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...???

It doesn't work like this IRL. My H's family is similar but not to this degree of $$$$$$$$$$$$$$ and I pay my own student loans from out HHI, which is balanced between us. Why would my FIL pay my student loans? We got a very very generous down payment for our first home and the kids' tuitions are all paid. The vacation houses are in the trust. Again, speaking as a dog owner, you can't leave a dog at home alone for 10+ hours. Dog day care is a great idea and also supports a small local business.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If he only makes $120k that ain’t “big law.”

I guarantee he’s a Fed. If kids are in the cards they won’t have time for surgeon + Big Law.

I agree that he’s definitely a fed lawyer. Interestingly I know a few fed lawyers married to women who are much higher earners. I think it might be a dad track job.

What fed gets quarterly bonuses? Might be non-profit.

No nonprofit gives quarterly bonuses. Some do year end but not quarterly.

[Anonymous]

Her total was monthly, not weekly as indicated.

[Anonymous]

If his loans were at a low rate, might not have made sense to pay them off. My husband’s were at 3% so we just kept them for years because we made more in the market. Mine were at 9% so we paid them off.

The doggie daycare isn’t that crazy to me especially if they have young or multiple dogs. We did that for our young dog (2x a week) when we were a lot poorer than this! But the dog was a priority in our lives and we spent there rather than on fancy clothes, purses, shoes, travel etc. Even just a dog walk can easily be $20-30/day around here.
The charitable giving seems low to me given the income but maybe they figure that the family money goes towards a lot of charities.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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...???

It doesn't work like this IRL. My H's family is similar but not to this degree of $$$$$$$$$$$$$$ and I pay my own student loans from out HHI, which is balanced between us. Why would my FIL pay my student loans? We got a very very generous down payment for our first home and the kids' tuitions are all paid. The vacation houses are in the trust. Again, speaking as a dog owner, you can't leave a dog at home alone for 10+ hours. Dog day care is a great idea and also supports a small local business.

Adding that I also have a trust, albeit international, with mostly RE and land. My H wouldn't dream to ask me to use the rental income to pay his expenses. He's not the beneficiary of the trust.

[Anonymous]

I actually think the opposite of the whole omg she is a surgeon but is wealthy.

Its much easier going through undergrad, medical school ,etc. with family money. She likely had access to the best schools, best tutors, etc. Her drive may be to be independent successful separate from family money but its not exactly a surprise that wealthy kids are doctors.

https://www.nytimes.com/2019/11/25/health/medical-school-cost-diversity.html

I'm just really tired of rich kids being clapped for because they chose to actually do something with their lives.