Reply to Which of these women is 'doing better'?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]As a mother, [b]A[/b] was absolutely the best option for me and completely  worthwhile.  500K is a fantastic HHI.  I can outsource all I want and I get to be with my kids. Besides, the allure of working disappeared when I had kids and no amount of money I earned, made up for the time I was absent from my kids lives.  A great nanny cannot replace a great mom or great dad.  A great nanny is a wonderful replacement for a disengaged parent.

In all of the options, I am assuming that 
- you have a great marriage, and your DH is a wonderful husband and father,  You will never divorce or be left in financial crisis
- you have children without any big issues and you like spending time with your children
- you have the money to take care of your needs like college, retirement, outsourcing chores etc. [/quote]

Op - remember I said the dad in option a stays home (so no nanny unless needed).

But to your q - assume based on $500k. Yes you can save but it’s half of $1m so you save less or save twice as slowly so that person needs to work for more years [/quote]

I think the question is how much money do you need to save? DH and I have no desire to die with millions in our bank.  Every $ earned has come at the cost of time from our lives.  Money in the bank is just a signifier of your time working  away from family, relationships and hobbies.    So, if 500K can give you what you want, why would you need to earn $1M?   Time in your life is finite. As you grow older, your energy and health will prevent you from engaging in a youthful and energetic manner with your loved ones and the world.

I am assuming that people want to work for the regular retirement age.  Unless you have some solid plans to FIRE and that it can increase happiness for you and can improve the life and success of your descendents in significant and tangible manner - why do you need to have that much money?

We need money for spending on what we have valued in life and it has always been time and service.  Never goods. And we have never ever felt strapped for money. [/quote]

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