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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]This is OP again. I want to clear up the notion that I only spend 30 mins per day with my kids which is not at all true. They are up by 7am latest and we spend an hour an a half together until I drop the older one at school at 8:30 and our nanny arrives. I stop working at 5:30pm so I think have another 2 hours with my youngest who goes to bed at 7:30pm, and my oldest who goes to bed at 8 gets 2.5 hours. Where I struggle is that I then need to handle everything else too - cooking, clean up, laundry, schedules, projects, etc. And I choose to stop working at 5:30 and then go back online later most nights so I can spend the time with my kids.

I am genuinely curious - are there moms who work full time and get to spend more time with their kids than this? Even if you work 9-5 with commuting it’s probably about the same I would imagine.

We also don’t work for what would be considered biglaw firms (although my firm is bigger than DH’s). DH is already a partner and makes around $500K per year all in. He has even more earning potential with his recent promotion but isn’t there yet. I make around $250K and made it clear I don’t want to be on partner track because those attorneys work much more than I do.

We also don’t live an overly extravagant lifestyle at all. DH went to private school and is not open to public regardless of how good it is. That’s the only think that would make a reasonable different in our expenditures. So when you add that up, plus FT nanny, summer camp and classes, our families both lives across the country so 2X per year flights, one vacation per year, etc... it really doesn’t go as far as it should. We also save quite a bit as we want to make sure college and possible grad school are covered for our kids.
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OP you are effing ridiculous. You make $750k/year and “it doesn’t go as far as it should”?! Wtf. You are LOADED and completely out of touch. I can’t even. [/quote]

It sounds like you don't live a life similar to OP's. That's ok, but you don't have to act like it's completely unreasonable that OP's expenses are what they are. $750K/year is about $375K/year take home. Being in that tax bracket means you get hit with the highest rates and don't have the benefits of the truly rich (i.e. people living off interest or dividends), since it's all salary.

Nanny is probably $75K given that she's working 45 hours per week, which means 5 hours of overtime, which is 1.5 times normal rates. $25/hour times 40 hours/week is $52K. $37.50/hour (overtime) times 5 hours/week is $9,750, which is $61,750. Then you have to add in the employer's share of Medicare and SS on to that, plus bonus, gifts, etc.

Private school tuition for two is $125K, which would be $55K per kid plus donations, teacher's gifts, etc.

Mortgage is probably at least $75K a year.

So now we're at $275K/year on $375K take home salary. It's not a stretch to assume that 401k contributions plus 529 contributions take up another maybe $75K, plus two car payments totaling $20K a year, and you've practically eaten up the salary. Never mind clothes, country club memberships, sports, vacations, etc.

I'm not saying that's the way anyone should want to live, or even that it makes good financial sense, but it's not completely ludicrous to imagine the lifestyle OP is leading. [/quote]

And it's also possible to imagine the very small violin I am playing. Nevermind the clothes, country club memberships, and vacations? GMAFB.[/quote]

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