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

[Anonymous]

The fact that they spend only $485 a month on insurance tells me the surgeon is woefully underinsured. DW makes 1/3 of what she makes and her disability insurance costs that much per month.

[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.

People like her are the human equivalent of steamrollers- they get what they want when they want it, usually through their own determination but occasionally by crushing someone or something in their path. This all usually goes fabulously until the day they meet the obstacle they can’t obliterate and it all goes very badly. It’ll happen but maybe not even until late in life.

[Anonymous]

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

That was really my only question.

[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 had a friend at my BigLaw firm whose husband was a doctor, and he did research at NIH. He looked at practicing, but they decided that one of the parents needed to have a 9-5 job.

[Anonymous]

Anonymous wrote:

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

That was really my only question.

Lol, mine too. Also seems weird to me that they have a family office (i.e. super $$$$), but have to give money monthly to the family office to be given to charity. But then again, I merely have their income and zero prospect of any penny of inheritance, not "family office money," so I have no idea what it's like.

[Anonymous]

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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?

NP and I don't think the loan thing is worth y'all fighting about (since they're already paid off), but please tell me you realize the bolded is true for her as well? "I don't have a mortgage because my great-great-grandparents died" isn't exactly a hard-scrabble tale.

[Anonymous]

I don’t get why the family office doesn’t organize their travel
too. Must be a financial-planning only FO setup.

[Anonymous]

Anonymous wrote:The fact that they spend only $485 a month on insurance tells me the surgeon is woefully underinsured. DW makes 1/3 of what she makes and her disability insurance costs that much per month.

I thought insurance seemed low too, but, they don't have kids. I don't think she has been earning this much money until fairly recently.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The fact that they spend only $485 a month on insurance tells me the surgeon is woefully underinsured. DW makes 1/3 of what she makes and her disability insurance costs that much per month.

I thought insurance seemed low too, but, they don't have kids. I don't think she has been earning this much money until fairly recently.

If you are that rich you are essentially self insured so they don’t need 100% coverage. If my house burned down I’d be screwed if I was underinsured. They wouldn’t be. They could easily fill in the difference. They aren’t underinsured. They just don’t need complete coverage.

[Anonymous]

Anonymous wrote:The fact that they spend only $485 a month on insurance tells me the surgeon is woefully underinsured. DW makes 1/3 of what she makes and her disability insurance costs that much per month.

Some hospitals' foundations are picking up the tab for the liability. She doesn't need disability insurance, she's self-insured at that wealth.

[Anonymous]

God I wonder what it’s like to be that rich that you have a family office and inherited at least a million bucks just to buy a house as a young adult.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The fact that they spend only $485 a month on insurance tells me the surgeon is woefully underinsured. DW makes 1/3 of what she makes and her disability insurance costs that much per month.

Some hospitals' foundations are picking up the tab for the liability. She doesn't need disability insurance, she's self-insured at that wealth.

But they are paying for pet insurance...

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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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?

NP and I don't think the loan thing is worth y'all fighting about (since they're already paid off), but please tell me you realize the bolded is true for her as well? "I don't have a mortgage because my great-great-grandparents died" isn't exactly a hard-scrabble tale.

Agree. If you switch the roles of husband and wife, I think it would so unkind to say oh my wife is living in a home she could not afford on her own, she travels business and ear higher end food. She's definitely financially benefiting from the husband's money. I mean I'm sure many women will get offended and walk away

[Anonymous]

sorry we don't have a pet, but what's about the pet insurance that people find unbelievable. Can't understand here...

[Anonymous]

Woke up at 10am and read this article and no wonder we are poor... We definitely have no such discipline