PP here again. Please tell me again the magic way a 50 gov manager boosts their salary? I have not seen any good exits (assume OP is not a lawyer or doctor), so where can he make much more. And not be laid off by ageism in 3 years? I want to this myself. |
My husband was low income (still not high but we are fine on it) and it hasn't been an issue saving for retirement, college, and what ever else comes up as we have always lived under our means and kept our mortgage very low (and we pay extra each month). He is not low earning. They have plenty of income. |
I love the ever expanding list of chores they come up with. “Buying kids clothes” — with teens that’s dropping them off at the mall with some cash. |
Leave government and be successful. My husband is over 50 and no issue finding and keeping jobs. He'd take a pay cut going to the equivalent fed. |
Good plan. They will buy two outfits for $200 when you can buy 4-5. |
Where do you read that? |
Again people making extreme examples to justify their crucial role as homemaker. And PP, if you adopted at 42, is your kid a high schooler? Were you SAH during all the time you were trying? Your post literally has nothing to do with you. |
Well than she did a terrible job raising them for the last decade; my 12 year old knows how to value shop and budget. |
No, if you are already in private and perhaps he has a book of business or is a director level role? We aren’t comparing coming from private to going Fed; we are comparing taking the experience as a Fed and going private. The roles are generally lower b/c you can’t bring clients or a book of business and you have no experience on profit maximizing. I would like to hear about those who moved right into high paying private jobs at 50, and what field. |
They are probably working and saved prior to that. That's pretty common around here to have/adopt kids when you are older. |
Yes, it can be done and many people do it. |
I'd love to see that poster drop mine off at a mall to go shopping. I cannot remember the last time we were even in a mall and they have no interest in shopping or buying their clothing except when I force it (which is rare as its easier to buy it for them). |
This. If wife not working kids need to start on their jobs at age 16. Have them get jobs within bike riding distance and start working 20 hours per week and work throughout the summer. |
NP here.
When DH asked me to become a SAHM after my 2nd kid was born, I refused at first. The way to get promoted in my particular field was through seniority. If I left the workplace, I would lose seniority and then I would have had to start from the bottom again. I also did not want my DH to become a jerk and disrespect my contribution later on, or my family to have financial difficulties and not be able to afford a decent life, college and retirement etc. I told my DH that I would only quit if he could manage the college and retirement on his own and that I would never have to return to work again. When he readily agreed, I believed him because he had not touched a dime of my earnings through out our marriage and he had made me bank 100% of what I had earned under my name. Everything else we own jointly. Added to that was that there was no pre-nup or anything like that. I also told him that I would retain the cleaning service etc. that I had when I was a WOHM. He agreed for that too. His rationale was that the cleaning service does the work that both he and I don't want to do, so that is a shared benefit. My kids are in HS now, and DH is extremely grateful that I have been there to guide them through HS and college application process. When I was offered a full-time well paying job recently, my DH and kids were not happy after they realized that I will not be available to run things smoothly. DH is not a highest earner of DCUMland, but we are able to live comfortably (with some luxuries) in 40% of what he earns because we kept our fixed costs low. I am sympathetic to OP's plight because if he did not have money woes, he probably would not have asked his wife to return to work FT. Also, most people do need the contribution of both spouse to secure their financial future. still, he needs to understand that the way he is approaching this is very disrespectful. This is a financial problem and both OP and his DW need to figure out a way to deal with it. I think his wife would be more amenable to going back to work after the kids go back to college. |
OP, if she will not work head over to Mr Money Mustache and cut your expenses to the bone.
Sell one car so family gets by on one car, kids get jobs they can bike to, buy clothes from thrift stores only, eliminate restaurant meals out, rice and beans for dinner 2x per week, get cheapest cell phone plans--Mr Money mustache has info on these, eliminate cable, etc etc etc Tell the Mrs. you want the two of you to be able to retire early and this is what it will take |