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Reply to "What's the minimum level of monthly income minus mortgage you'd feel comfortable with?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]6-7 is the absolute minimum I'd be comfortable with.[/quote] Same here and that's well below what we currently have left after mortgage and childcare.[/quote] Same question as previously -- where do you see all of that money going?[/quote] We eat good quality food, my kids play year round sports, one travel team each, we take 2 nice vacations a year, my kids go to great summer camps, including a computer programming one at georgetown for $1000/wk, we save for college to afford them the best opportunity possible, we put aside 32k/yr in 401k, plus we have healthy savings. Sure we COULD live on way less, but I wouldn't willingly choose to sacrifice retirement ,college savings, rich experiences for my kids and a solid safety net for hobbies and to have one of us SAH. You asked what we'd be comfortable with and that would be my bottom line. Even at that I'd have to give my our 3k/mo retirement contributions.[/quote] You're a rich, over privileged idiot. Unfortunately you are raising your children to be spoiled, entitled brats.[/quote] Why do you think this? How is it of poor value to take nice vacations and send your kids to the best enrichment activities my money can buy? My parents did this for me and it has paid off well. Everyone sends their children the best opportunities their money can afford while maintaining a solid savings and retirement as to not burden said kids with supporting me in old age. Hold onto your seat. Despite living in a great public school district, I send my one daughter to Madeira and my son to Landon.[/quote] As a Jewish guy, literally every word of your post makes me cringe. WASPs, man.[/quote]
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