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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]You acknowledge the compensation increase.  I think many, if not most, people would be motivated to go from $200,000-500,000.  That’s a life-changing difference.  [/quote]
I just don’t get why they need the money I guess. When I’m 50 I’m supposed to have 2.8M in today’s dollars by maxing all my tax advantaged accounts and “just” throwing 10k a year into my brokerage. My wife will have about 3.2M by then. So at a total of 6M liquid net worth (excluding the house), which I think may be standard for a 25 year career of gs-15/managers, why not do something that gives good to the world, rather than sell your soul and defend corporations for a bajillion dollars… [/quote]

Do you have kids? We spent about $50,000 a year on daycare and of course we will have college tuition heating up a huge trunk of money.[/quote]
Yea but I spaced out my kids every 5 years. College tuition is almost fully paid for by having dumped 20k 10 years ago and let it ride the SP500[/quote]

$20k in 2015 would only be $60k today. UVA instate for 4 years is $167k.

Not to mention, who has $20k lying around in after tax money to lock up in a 529. How much did your house cost? It seems like your housing costs and childcare costs were very low if you had this much free cash.

[/quote]
If you dump 20k 2 years before your child is born, then contribute $200 a month until they turn 18 (so, a total of 20 years), that’s 184k in today’s dollars.

House cost 1M, in Rockville. I’m just very frugal otherwise. I’ve never used DoorDash for example. I go out to eat once a week. I don’t do expensive sports for my kids to signal to other parents. I swear parents in the DC region (and elsewhere I guess) treat kids activities like mowing the lawn was before, a virtue symbol. It’s insane the time and money people put for “swim practice”. I don’t think my kids are in want or need for lack of it[/quote]

Parents like you are very cheap, not bc you save a lot, but because you expect your kids who grow up with subpar resources to go to highest IRR major and find the most lucrative job and still find something imperfect about them. For you kids are business project, the bottom line is always raising.[/quote]

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