Reply to Can I be a SAHM on about 100k per year?

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[quote=Anonymous]Thanks everyone. My home based business is already established and no, it's not Avon or anything like that! I actually work 30 hrs a week now at my current job and do the same kind of job on the side as a consultant. Most of the work I do from home, but some of it does require meeting with clients. Luckily I usually do that on weekends/after the work day is over anyway, so I'm hoping we can manage the child care situation. If not and I have to hire an hourly babysitter, I will have to do that. It's hard to say exactly what I make because we write so much off in taxes and run that through the business, but I brought in about 45k or so in 2011 before expenses, with very little overhead. It was about the same in 2010.

Because I only work 30 hrs per week at my current job (and only make 45k per year doing that), it just wasn't worth it when I started looking into the cost of daycare. I would end up taking home like $600/month.

I am not so worried (maybe I should be) about saving for retirement and college and a down payment because we can do that with my business income and DH's bonuses. We have been good so far at saving that. I am mostly worried about monthly expenses.

I am also not so worried about my long term career progression- my business is much more profitable than my 30 hr/wk job (ie, working MANY less hours for the same money) and has a lot of growth potential where I could be making much more money. The problem is that I can't really expand it too much now because I am pressed for time since I already hold the 30 hr/wk job. I would have ultimately quit that job anyway to expand the business since that's what I would like to do long term.

If the whole thing doesn't pan out with my business and I decide that I want to re-enter the workforce, I don't think it will be too hard. I have a pretty specialized job (albeit not well paid!) and an excellent reputation in my field. I am also 27 for what it's worth. I guess we'll see.[/quote]

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