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Reply to "What makes kids so expensive?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]PS: If your net worth is $1.5 million AND both you and your DH work in low-income, low-pressure jobs, then your money clearly doesn't come from your efforts. Perhaps you were lucky to buy a property in DC pre-bubble. Perhaps your family kicks in the money. No one builds up $1.5 million from not making money. [/quote] $95k per year is NOT low income. (Seriously, what planet do you live on??!)[/quote] NP here, 95k is not much at all and I don't even live in dc. If TWO people are working to make a total of 95k it's pathetic. We spend 10 k on travel annually. We make 250k and I don't feel well off at all, plus in only work part time.[/quote] And you, my dear, represent everything that is wrong with this world.[/quote] Do explain.[/quote] You really have no idea? Let's start with the fact that the average household income in the United States is $50k. But you think that it's ok to come here and boast that you spend $10k on vacations a year as if that's something to boast about and that you think that a family with an income of twice the national average is "pathetic". No, you are pathetic. I hope that your pathetic selves lose your pathetic jobs and you gain a sense of perspective.[/quote] You don't live in an area with an average cost of living or cost of housing. If it's OK for you to call people freaking nutty Stepford wives and claim that you are superior, then I think the label of pathetic for you is more than deserved. [/quote] There are several people posting on this thread. I'm sorry, I didn't specifically reference the DC median household income. I just checked - it's $63k per the census. Is that better? My point still stands. The average is $63k - ergo it is desperately out of touch and, frankly, offensive, when you state that $95k is "pathetic". You need to better understand just how fortunate you are and how the rest of the country, and indeed the word, lives.[/quote] Then why bring up the net worth of $1.5 million?[/quote] I don't understand how your question follows from the post above, but I was the one who mentioned our net worth and if you followed the thread -- or even just that post -- it was very clear. I mentioned it in response to a poster who said that our approach to child rearing was "making virtue out of necessity". I mentioned our net worth to prove that if we wanted to pay $50k a year for private school or $10k per summer for summer camps or $200 a month for violin/lacrosse/ice skating lessons we could -- if that was what was important to us. But other than that, our net worth isn't really relevant here. We don't live off it, we live off our income and we save. And to answer other questions, about $300k was an inheritance -- that money is not currently accessible though I did include it in the total. The remaining $1.2 million WAS accumulated solely by us through a combination of hard work, regular investments/savings, the passage of time (we are in our early 40s, so have 20 years of accumulated savings and growth), some very well placed/timed/researched investments, luck and market performance. We continue to save the max for retirement, have a robust emergency fund and are on track with college savings. AND we do that on a sub-$100k salary. (Without clipping coupons, which I'm not against doing, but really, who has the time!)[/quote] When did you buy your first home? Home much of that was proceeds from buying pre-housing boom? B/c stocks have been flat for a decade (the lost decade and all that) until recently.[/quote]
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