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

[Anonymous]

Anonymous wrote: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.

100K is certainly not peanuts. I’ve been teaching for 15 years (with a masters) and I make 3/4ths that.

I’m seriously considering a career change…

[Anonymous]

I have a college degree. During my peak earning years of 45-55 I regularly get a $120k bonus, 240k income, plus great benefits. I even had a 8 percent 401k match

Bartenders and Nannie’s have to own a bar or own a nanny business to make that and buy those business. My degree let me make 260k more than a 100k nanny on a regular basis.

Cost of my degree undergrad. zero
Cost of MBA zero

Financial aid undergrad tuition and lived at home, mba paid by job.

[Anonymous]

Anonymous wrote:

Anonymous wrote: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.

100K is certainly not peanuts. I’ve been teaching for 15 years (with a masters) and I make 3/4ths that.

I’m seriously considering a career change…

Try being a teacher in Nassau County NY. They make $300k to $400if double dipping. Half my daughter teachers did 25 in one school district got full pension then moved to second school district to double dip. You can collect full pension and work full time at same time

[Anonymous]

100k is not what it used to be. If she is an American trustworthy reliable nanny, that seems like a good price to me.

We pay our PT housekeeper $40/hr. I am pretty sure she is illegal. If we can pay $40 for someone to do our laundry, you can pay $47.50 for the care of your child.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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.

100K is certainly not peanuts. I’ve been teaching for 15 years (with a masters) and I make 3/4ths that.

I’m seriously considering a career change…

Try being a teacher in Nassau County NY. They make $300k to $400if double dipping. Half my daughter teachers did 25 in one school district got full pension then moved to second school district to double dip. You can collect full pension and work full time at same time

At least somewhere values experienced teaching. You think that is easy?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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.

100K is certainly not peanuts. I’ve been teaching for 15 years (with a masters) and I make 3/4ths that.

I’m seriously considering a career change…

Try being a teacher in Nassau County NY. They make $300k to $400if double dipping. Half my daughter teachers did 25 in one school district got full pension then moved to second school district to double dip. You can collect full pension and work full time at same time

Insane if true. No teacher - not even the Teacher of the Year for the entire US - is worth $300K-$400K a year.

[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.

Ultimate goal is to open my own place. In January 2023 I became a partial investor for a new restaurant in the works for the restaurant group I work for. I have 2% ownership now and will have 5% ownership in 2025.

I know my body won't hold up to be a successful, high-volume bartender into my 40s let alone 60s!

[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 think that means you don't respect women.

Why did you not say that you would recommend this route for your son????????????

[Anonymous]

Anonymous wrote:If a nanny isn’t supposed to do household duties, what does she do all day?

Your question is BEYOND.

Have you ever watched little children?

AT certain ages, you can barely take a bathroom break! Plus they have to be fed, changed, at older ages, they need help with home school projects, etc.

[Anonymous]

But I wonder how demanding/respectful/reasonable these high earning parents are. How are the nannies treated by them?

I would also have a hard time seeing bad parents or being paid to raise a child in a way that I did not think was healthy for them.

[Anonymous]

Anonymous wrote:Several years ago--maybe a decade back--the NY Times Magazine did a feature articles on nannies in NYC area earning $150,000 per year. Many had Ivy League degrees and tutored the child or children.

Ppl with money will pay anything not to do the hard work of raising a kid on top of having to work full- time. They are driven by competitiveness and money which fuels the guilt which makes them justifying paying almost anything to feel like their kid is being given some kind of an advantage when they are basically non-exist in their own kid’s life. And then they wonder why their kids are screwed up!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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.

100K is certainly not peanuts. I’ve been teaching for 15 years (with a masters) and I make 3/4ths that.

I’m seriously considering a career change…

Try being a teacher in Nassau County NY. They make $300k to $400if double dipping. Half my daughter teachers did 25 in one school district got full pension then moved to second school district to double dip. You can collect full pension and work full time at same time

Insane if true. No teacher - not even the Teacher of the Year for the entire US - is worth $300K-$400K a year.

Honest question: why not?

I know people who make that much and their jobs aren’t as important or difficult as teaching.

[Anonymous]

Wow. I am so glad we didn’t go the nanny route - it was 60k-ish at the time and that seemed absurd. My spouse and I both work and we have a high HHI and it is stressful at times to juggle everything, but no way is it worth 100k+ per year to us. We could probably afford it, but it would come with trade offs. This thread is shocking.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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.

100K is certainly not peanuts. I’ve been teaching for 15 years (with a masters) and I make 3/4ths that.

I’m seriously considering a career change…

Try being a teacher in Nassau County NY. They make $300k to $400if double dipping. Half my daughter teachers did 25 in one school district got full pension then moved to second school district to double dip. You can collect full pension and work full time at same time

Insane if true. No teacher - not even the Teacher of the Year for the entire US - is worth $300K-$400K a year.

Of course they should if the demand is there.

FYI the avg property taxes in those rich Long Island/CT/NY/NJ towns on a basic house are about $30k/year.

[Anonymous]

Most nannies are underpaid and it’s a heavily exploited workforce— mostly immigrant women, often without education credentials or corporate/business skills that would enable them to get higher paying work.

I think it’s funny to read people call it miserable work though. On a parenting website, no less. It’s rewarding and has some built in perks.

It’s simply undervalued because men (almost none of whom have ever cared for children full time, even for short periods during parental leave) don’t do it, it involves caring skills, and it gets pushed off on older immigrant women who are devalued generally.

It’s crazy to me that there are women working 40 hours a week caring for multiple kids and making less than 50k, but that’s common. It’s ridiculous.