Reply to Making SAHM get job to pay for private school

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[quote=Anonymous][quote=Anonymous]Regardless of anything, it is pretty crappy of OPs wife to demand three extra years of OPs labor for something that is unquestionably a luxury. That's horrific.[/quote]

It’s more than that.  Private school is a two way swing: it sucks diwn your after tax income, AND it doesn’t allow that money to go in the market for compounding for retirement or savings.

$60-80k put into the market for retirement times 4-7 years is A LOT of money / opportunity cost.  Like $5000
K after taxes, which at their income is $1,000,000 gross.

What else can you do with $500,000 after taxes over 4-7 years? It’s also a lot of money that could go towards a kids ECs, tutoring, fun camps, kids travel sports or trips. Or socking away for college, their grad school or their future downpayments. Or g d forbid someone needs a costly medical treatment.

The public or parochial schools would have to be drastically worse even with supplementing to go private on a whim.

Do the work. Make a case for what to do.  Make your kids do the same when they whine for a trip or $$$toy or car. Two page proposal with supporting data and points. Risks and merits. Think![/quote]

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