Reply to Dual 400k incomes vs single 400k income

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Not at all. [b]At that dual income level you have to worry about searching for things to spend (waste) money on.[/b]

But the dual income gives you some household staff to spend time with instead of the wife, which is sometimes preferable [/quote]

Wow!  This says so much about you.

OP, we're at that income.  Layoffs come in Corporate America in out industry every 2 years.  I've been there 20 years and have seen really good, smart people get chucked to the curb like garbage and they don't rebound that easily.  Everyone seems to forget them 2 days later - it's taboo to talk about them.  Because there is so much uncertainty in these jobs, we've been saving like crazy, expecting out number to be called one day and not being able to find an equivalent job.  Having 2 provides stability and spreads the risk.  Your right, I see lots of men (very few women) with SAHPs.  They make to their spouse that everything is dandy, but when I have coffee with these men during a layoff round, I can tell you they very acutely feel the pressure to maintain their jobs.  They also behave like a$$holes to others in an effort to save themselves (not all of then, just some).  I belive it's some people true nature to hurt others when they feel insecure.  That's also why there are so many mean posts here - like wounded tigers lashing out.

Both have benefits.  It's not easy having 2 jobs like this.  And yes we do have a nanny and a cleaner to help pick up some slack and drive the kids to their activities.  I suppose with a SAHP this wouldn't be necessary.  Luckily we both WFH 3 days a week.[/quote]

PP is ridiculous. It’s obv if you can swing the dual $400k ($800k HHI) that has huge advantages in stability, early retirement, expanded savings and wealth to pass on. The problems you state of being laid off presents in both scenarios when at these high paying jobs.

The reality is that few people are willing to sacrifice time with their kids to maintain two of those jobs, and also few families have two earner with that potential (two lawyers, two tech sales, sure, but the lawyer married to the journalist or teacher or what not is common too).  But if you can swing $800k for even a few years it makes early retirement a real possibility [/quote]

You literally just rewrote the entire message of the post that you claimed to be ridiculous.  Reading comprehension problems?

If one person lost a 400k income the family still have a 400k income.  If 2 earners get 800k for XX years then options open up years later (to downshift or retire early) for BOTH people.

....Hopefully you can read this one with less trouble.[/quote]

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