My wife’s friend makes $100,000 as a nanny

[Anonymous]

I didn't read the comments, but I have a nanny agency and many of our nannies make $90-100k. They almost alway work 50+ hours per week so overtime really adds up. We get many clients that want a nanny living close by (Bethesda, Chevy Chase, NW DC, Mclean) with a car big enough to transport kids, a college degree, etc.

If you want someone that lives in a high COL area, you have to pay them a livable wage to afford housing, health insurance, car payment and insurance, student loans, etc.

[Anonymous]

Anonymous wrote:I didn't read the comments, but I have a nanny agency and many of our nannies make $90-100k. They almost alway work 50+ hours per week so overtime really adds up. We get many clients that want a nanny living close by (Bethesda, Chevy Chase, NW DC, Mclean) with a car big enough to transport kids, a college degree, etc.

If you want someone that lives in a high COL area, you have to pay them a livable wage to afford housing, health insurance, car payment and insurance, student loans, etc.

Me again adding that most nannies are paying for health insurance out of pocket and saving for retirement without any employer benefits.

[Anonymous]

Anonymous wrote:

Anonymous wrote:You seem like you've had your head buried in the sand. Taking care of small children is hard.

Plus 100.
OP, Child care providers deserve to make a good living just like other fields.

OP is describing all of this like it's a bad thing.

Being a nanny is harder than plenty of deal jobs that pay $100k (I say this as someone with a higher paying desk job myself, but I have little kids and taking care of them is way harder!)

This seems like a good match for this particular nanny and that family.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:You seem like you've had your head buried in the sand. Taking care of small children is hard.

Plus 100.
OP, Child care providers deserve to make a good living just like other fields.

OP is describing all of this like it's a bad thing.

Being a nanny is harder than plenty of deal jobs that pay $100k (I say this as someone with a higher paying desk job myself, but I have little kids and taking care of them is way harder!)

This seems like a good match for this particular nanny and that family.

** Meant to say "desk jobs" not "deal jobs"

[Anonymous]

Anonymous wrote:

Anonymous wrote:It certainly beats teacher salary

Pension, benefits for teachers.

+ Job security

[Anonymous]

Anonymous wrote:

Anonymous wrote:You seem like you've had your head buried in the sand. Taking care of small children is hard.

OP here. No one's saying taking care of kids is easy. But if I recall correctly, the median income for PhD holders nationwide is also around $100K, so it's crazy to me that someone with no training or experience can just wake up one day and start earning that. DCUM seems to live in a bubble where everyone is a $300K/year lawyer and doesn't realize that $100K is actually a hell of a lot of money.

I have an associates degree and make over $500K/yr. I’m not discounting education which is always a good thing as long as it doesn’t put you in massive debt but higher education doesn’t always translate into proportional higher earning power. We live in a capitalistic society with supply and demand dynamics. You're worth what someone is willing to pay you to do. If someone is willing to pay someone to nanny their kids for $47.50/hr so be it. Let them. I always wonder why people like this even bothered to have children in the first place since they hire nannys to do all
the parenting.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:You seem like you've had your head buried in the sand. Taking care of small children is hard.

OP here. No one's saying taking care of kids is easy. But if I recall correctly, the median income for PhD holders nationwide is also around $100K, so it's crazy to me that someone with no training or experience can just wake up one day and start earning that. DCUM seems to live in a bubble where everyone is a $300K/year lawyer and doesn't realize that $100K is actually a hell of a lot of money.

More education does not guarantee a higher salary. Many CPAs with just a BS or a 1-year master’s degree make far more than English PhDs.

Bill Gates doesn’t have any degree. He dropped out of Harvard as an undergrad. Last I looked, he has done very well for himself. Successful entrepreneurs make the most in this country by far and you don’t need a degree to do that. This nanny is just another form of an entrepreneur. She sees a need and fills it and people are willing to pay her for that.

[Anonymous]

The OP is very condescending as they think people who don’t have a college degree shouldn’t be making a lot of money. Welcome to capitalism. Supply and demand.
With the rising cost of college and graduate degrees, it’s important to take a hard look at the ROI on a college education. What exactly are you paying for? A piece of paper that has your name, the school, and the degree on it. This doesn’t necessarily translate into you making more money. This makes me recall the line from Good Will Hunting when Matt Damon’s character says to a Harvard snob:

“You spent a $150 grand on an education you could have gotten for a $1.50 in late charges at the public library”.

[Anonymous]

No kidding. Think of all those You Tubers, Tik Tokers, and other social media folks making tons of money just by posting stupid videos that get millions of views. No college degree required. Love capitalism.

[Anonymous]

Anonymous wrote:I was absolutely floored to hear this. She recently went through a divorce and had been out of the workforce for 15 to 20 years. She does not have a college degree as far as I know.

She now works about 45 hours a week earning $47.50 per hour taking care of one kid. Apparently, the kid is difficult, which is why the family feels the need to pay such a high rate. I don’t know if there are benefits, but 45 x $47.50 per hour alone works out to north of $100K per year.

The most surprising thing is that she refuses to do any light cleaning or even throw a load of laundry in the washer when the kid is resting or there’s downtime. She apparently quit working for another family who asked her to do that.

So $100K+ with no degree, minimal or no experience, and you can be very picky about what tasks you will and will not do? Is this for real? If I had a daughter, I would 100% suggest she consider this as a career unless she had outstanding academic credentials or a strong interest in a potentially high-paying field. WTF?

I'm Gen Z and it's absolutely hilarious watching older people find out that yes, you can make good money without going to college and burying yourself in debt.

I feel bad for the Millennials who were told that the only way to succeed was to go to college.

I'm a bartender and I made $108k in 2022. That is my reported income on my W2 with tips listed. 90% of my tips are via credit cards. I deposit between $1200-$1800 each week in cash tips into my savings account and then a portion of that into my Roth IRA until I max it out each year.

I started working in a restaurant as a busser at 15/16. I moved up to waiting tables at 17. I started as a barback at 19 and then became a bartender at 21. I did some courses for Hospitality Management at NOVA but they were a joke. The people teaching hadn't worked in the industry in years and what was being taught wasn't relevant to the current industry. I did the courses to please my parents but once they saw I was able to work and support myself, they eased up. Would they rather I had a college degree? Sure. But they also like that they don't have to assist me with my bills as they do for my sibling who went to college but struggles in this area to live on her $52k/yr teacher salary.

At my job, I get to pick my shifts, have set days off (Sun-Tue), and don't have to do any tasks I don't want to because that's what barbacks are for. So yes, you can have no degree and call the shots.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I was absolutely floored to hear this. She recently went through a divorce and had been out of the workforce for 15 to 20 years. She does not have a college degree as far as I know.

She now works about 45 hours a week earning $47.50 per hour taking care of one kid. Apparently, the kid is difficult, which is why the family feels the need to pay such a high rate. I don’t know if there are benefits, but 45 x $47.50 per hour alone works out to north of $100K per year.

The most surprising thing is that she refuses to do any light cleaning or even throw a load of laundry in the washer when the kid is resting or there’s downtime. She apparently quit working for another family who asked her to do that.

So $100K+ with no degree, minimal or no experience, and you can be very picky about what tasks you will and will not do? Is this for real? If I had a daughter, I would 100% suggest she consider this as a career unless she had outstanding academic credentials or a strong interest in a potentially high-paying field. WTF?

I'm Gen Z and it's absolutely hilarious watching older people find out that yes, you can make good money without going to college and burying yourself in debt.

I feel bad for the Millennials who were told that the only way to succeed was to go to college.

I'm a bartender and I made $108k in 2022. That is my reported income on my W2 with tips listed. 90% of my tips are via credit cards. I deposit between $1200-$1800 each week in cash tips into my savings account and then a portion of that into my Roth IRA until I max it out each year.

I started working in a restaurant as a busser at 15/16. I moved up to waiting tables at 17. I started as a barback at 19 and then became a bartender at 21. I did some courses for Hospitality Management at NOVA but they were a joke. The people teaching hadn't worked in the industry in years and what was being taught wasn't relevant to the current industry. I did the courses to please my parents but once they saw I was able to work and support myself, they eased up. Would they rather I had a college degree? Sure. But they also like that they don't have to assist me with my bills as they do for my sibling who went to college but struggles in this area to live on her $52k/yr teacher salary.

At my job, I get to pick my shifts, have set days off (Sun-Tue), and don't have to do any tasks I don't want to because that's what barbacks are for. So yes, you can have no degree and call the shots.

How long do you plan to be a bar tender? Goingto keep that going to 62?

Look, its great there are plenty of jobs that don't require degrees, but to posters above noting Bill Gates and youtubers/ticktockers as examples of not needing a degree to make a lot, how many of those people are there relative to the general population? Kind of like dreaming of joining the NBA or MLB, IMO. Great if it works out, but it won't for most.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I was absolutely floored to hear this. She recently went through a divorce and had been out of the workforce for 15 to 20 years. She does not have a college degree as far as I know.

She now works about 45 hours a week earning $47.50 per hour taking care of one kid. Apparently, the kid is difficult, which is why the family feels the need to pay such a high rate. I don’t know if there are benefits, but 45 x $47.50 per hour alone works out to north of $100K per year.

The most surprising thing is that she refuses to do any light cleaning or even throw a load of laundry in the washer when the kid is resting or there’s downtime. She apparently quit working for another family who asked her to do that.

So $100K+ with no degree, minimal or no experience, and you can be very picky about what tasks you will and will not do? Is this for real? If I had a daughter, I would 100% suggest she consider this as a career unless she had outstanding academic credentials or a strong interest in a potentially high-paying field. WTF?

I'm Gen Z and it's absolutely hilarious watching older people find out that yes, you can make good money without going to college and burying yourself in debt.

I feel bad for the Millennials who were told that the only way to succeed was to go to college.

I'm a bartender and I made $108k in 2022. That is my reported income on my W2 with tips listed. 90% of my tips are via credit cards. I deposit between $1200-$1800 each week in cash tips into my savings account and then a portion of that into my Roth IRA until I max it out each year.

I started working in a restaurant as a busser at 15/16. I moved up to waiting tables at 17. I started as a barback at 19 and then became a bartender at 21. I did some courses for Hospitality Management at NOVA but they were a joke. The people teaching hadn't worked in the industry in years and what was being taught wasn't relevant to the current industry. I did the courses to please my parents but once they saw I was able to work and support myself, they eased up. Would they rather I had a college degree? Sure. But they also like that they don't have to assist me with my bills as they do for my sibling who went to college but struggles in this area to live on her $52k/yr teacher salary.

At my job, I get to pick my shifts, have set days off (Sun-Tue), and don't have to do any tasks I don't want to because that's what barbacks are for. So yes, you can have no degree and call the shots.

How long do you plan to be a bar tender? Goingto keep that going to 62?

Look, its great there are plenty of jobs that don't require degrees, but to posters above noting Bill Gates and youtubers/ticktockers as examples of not needing a degree to make a lot, how many of those people are there relative to the general population? Kind of like dreaming of joining the NBA or MLB, IMO. Great if it works out, but it won't for most.

Clueless post. Perhaps the bartender will eventually earn enough to open their own restaurant and bar that you will eat and drink at. There are millions of entrepreneurs crushing it and they didn't need a college degree to do it. Entrepreneurship encompasses a very wide swath from the Nanny, to the kid shoveling snow for his neighbors, to people who have multiple AirBnBs, landscaping businesses, to store owners, online influencers, and company founders, etc. None of these require a college degree but many of them make a lot more money than you realize. Do you ever watch Shark Tank? Of course, not all will succeed. Just an idea, drive, luck, and work ethic. Bottom line, you don't need a college degree to make serious money and do most things with certain professions being an exception.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I was absolutely floored to hear this. She recently went through a divorce and had been out of the workforce for 15 to 20 years. She does not have a college degree as far as I know.

She now works about 45 hours a week earning $47.50 per hour taking care of one kid. Apparently, the kid is difficult, which is why the family feels the need to pay such a high rate. I don’t know if there are benefits, but 45 x $47.50 per hour alone works out to north of $100K per year.

The most surprising thing is that she refuses to do any light cleaning or even throw a load of laundry in the washer when the kid is resting or there’s downtime. She apparently quit working for another family who asked her to do that.

So $100K+ with no degree, minimal or no experience, and you can be very picky about what tasks you will and will not do? Is this for real? If I had a daughter, I would 100% suggest she consider this as a career unless she had outstanding academic credentials or a strong interest in a potentially high-paying field. WTF?

I'm Gen Z and it's absolutely hilarious watching older people find out that yes, you can make good money without going to college and burying yourself in debt.

I feel bad for the Millennials who were told that the only way to succeed was to go to college.

I'm a bartender and I made $108k in 2022. That is my reported income on my W2 with tips listed. 90% of my tips are via credit cards. I deposit between $1200-$1800 each week in cash tips into my savings account and then a portion of that into my Roth IRA until I max it out each year.

I started working in a restaurant as a busser at 15/16. I moved up to waiting tables at 17. I started as a barback at 19 and then became a bartender at 21. I did some courses for Hospitality Management at NOVA but they were a joke. The people teaching hadn't worked in the industry in years and what was being taught wasn't relevant to the current industry. I did the courses to please my parents but once they saw I was able to work and support myself, they eased up. Would they rather I had a college degree? Sure. But they also like that they don't have to assist me with my bills as they do for my sibling who went to college but struggles in this area to live on her $52k/yr teacher salary.

At my job, I get to pick my shifts, have set days off (Sun-Tue), and don't have to do any tasks I don't want to because that's what barbacks are for. So yes, you can have no degree and call the shots.

How long do you plan to be a bar tender? Goingto keep that going to 62?

Look, its great there are plenty of jobs that don't require degrees, but to posters above noting Bill Gates and youtubers/ticktockers as examples of not needing a degree to make a lot, how many of those people are there relative to the general population? Kind of like dreaming of joining the NBA or MLB, IMO. Great if it works out, but it won't for most.

Clueless post. Perhaps the bartender will eventually earn enough to open their own restaurant and bar that you will eat and drink at. There are millions of entrepreneurs crushing it and they didn't need a college degree to do it. Entrepreneurship encompasses a very wide swath from the Nanny, to the kid shoveling snow for his neighbors, to people who have multiple AirBnBs, landscaping businesses, to store owners, online influencers, and company founders, etc. None of these require a college degree but many of them make a lot more money than you realize. Do you ever watch Shark Tank? Of course, not all will succeed. Just an idea, drive, luck, and work ethic. Bottom line, you don't need a college degree to make serious money and do most things with certain professions being an exception.

You don't need a college degree to become a commercial airline pilot. Just need time and money for flight school and to acquire the hours and ratings. Or you can join the military and they'll train you to fly. Just remember that the next time you fly on a commercial aircraft. You put your life into the hands of someone who may not have a college degree. Oh the horror.

[Anonymous]

My cousins wife (he is 60) made $40k a year as a nanny in 1991 in NYC and she was live in with her own bedroom and all meals and expenses paid for. She even did vacations with family paid for. When she got married they gave her a $5,000 wedding gift.

That is 1991 money.

And 100k is peanuts in 2023.

[Anonymous]

OP, having a great education, work ethic, hard work and experience does not *guarantee* better pay and net worth. Sure it increases the probability.