Anonymous wrote:

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Anonymous wrote:

Anonymous wrote:I would reconsider this entire plan. Why not just have your DW downshift to a less stressful job and see what that looks like? Let's say she gets something making $110K you're still collectively pulling in $250K which should be plenty of money.

This would require selling house, moving and changing school for our 3 kids

And DW does not want this because she is worried about paying for college so dropping income is untenable without severe need (medical, etc).

I don’t understand why this means you have to sell your home. Unless you are living that paycheck to paycheck in which case you have a spending problem.

+1. Unless there's some kind of special needs situation if reducing your HHI to $250K requires you to sell your home you have a spending problem so maybe focus on that first.

We currently make $380k but most goes to mortgage ($6k). We bought close in, small old house but a proper SFH inside beltway with good schools.

Dropping to $250k is dropping gross income by 1/3 — do most people live on 2/3 of their income just to have option to drop the other 1/3??

Yes, most people that make what you make can drop their income by 1/3 and be fine. At your income level you should be saving a ton of money not spending most of it.

So they live in Burke and commute 1 hr+?

We bought a $1.2M house inside the beltway; anything cheaper was literally falling apart and this is a small colonial updates in the 90s.

If we drop to $250k, half our take home would go to the mortgage — that is not sustainable.

I really want to know the numbers where working parents earning $300k live with small mortgages?

I’m fine moving but it’s what we’ll need to do to drop that much.

So here’s a radical idea for DCUMland: buy closer in, but in a “less desirable” area. We are in Silver Spring. We bought 15 years ago, but our house would probably go for $700k or even less today. Kids have been fine in the “bad” schools here and our commutes are under an hour. We have so much money going into savings that we should be able to retire early at 56/58.

Anonymous wrote:

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Anonymous wrote:I would reconsider this entire plan. Why not just have your DW downshift to a less stressful job and see what that looks like? Let's say she gets something making $110K you're still collectively pulling in $250K which should be plenty of money.

This would require selling house, moving and changing school for our 3 kids

And DW does not want this because she is worried about paying for college so dropping income is untenable without severe need (medical, etc).

I don’t understand why this means you have to sell your home. Unless you are living that paycheck to paycheck in which case you have a spending problem.

+1. Unless there's some kind of special needs situation if reducing your HHI to $250K requires you to sell your home you have a spending problem so maybe focus on that first.

We currently make $380k but most goes to mortgage ($6k). We bought close in, small old house but a proper SFH inside beltway with good schools.

Dropping to $250k is dropping gross income by 1/3 — do most people live on 2/3 of their income just to have option to drop the other 1/3??

Yes, most people that make what you make can drop their income by 1/3 and be fine. At your income level you should be saving a ton of money not spending most of it.

So they live in Burke and commute 1 hr+?

We bought a $1.2M house inside the beltway; anything cheaper was literally falling apart and this is a small colonial updates in the 90s.

If we drop to $250k, half our take home would go to the mortgage — that is not sustainable.

I really want to know the numbers where working parents earning $300k live with small mortgages?

I’m fine moving but it’s what we’ll need to do to drop that much.

You’re living beyond your means.

So anyone making $300k has a house that cost less than $900k? So you all live outside the beltway or in townhouses? PP lives in an exurb, which means we would lose 12 hours a week each just commuting.

I can’t believe people making $300+ choose such soul sucking commutes? Sure TODAY for some telework is an option (but is not for our jobs). And when we bought telework was not a thing.

If you move out and buy cheaper house than you both don’t have the 12 hour commutes. That’s the whole point. I fully telework and only part time because we bought a less than 500 K house in Anne arundel and it’s mostly paid off. It’s not a mcmansion but schools are very good, cheaper house in a nice neighborhood. Dh goes in once a week. We make 300k. Frankly his commute is his favorite part of his week lol.

But lets say your wife decides to lean out - she could find a primarily telework job for 30 hours a week. Let’s assume she can make 100k doing this. And then you still commute but negotiate something like one telework day a week. You buy a 600k house in a good school district. This would be very manageable for you guys financially. invest the house swap savings for college.

Just get out of that moco rat race. Very few moco kids make it to Ivy League, if that’s what she’s thinking. Also start applying for fed jobs so you can get telework and flexible schedule options.

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Anonymous wrote:

So you have a 100% remote parent. Our careers don’t support that. That’s why we had to live closer in.

I’m assuming at your income and situation you plan to retire early. Not a bad plan.

In theory we considered the expensive house forced savings that also saved us time, but it does make downshifting more complicated.

Surprised all these high earners live so far away, why is there so much demand for inner houses?

The lots are so small. We rather be living next to office in an apart or far away in a big lot, the inner circle house has worst of two and traffic.

That makes no sense. If you both commuted you would never even be there during daytime hours to use the lot.

Yeah it sucks to pay so much for a SFH with small lot, but 4 bedroom condos are far more expensive?! This was literally our cheapest option for basic UMC living - SFH, 20-30 minute commute, okay schools, and bedroom for each kid. Old house, tiny lot, still $$$$. But we save the time EVERY DAY which is crucial when kids are young.

Anyway, talk about high earners, my 30 year old 250k earning friend lives in her moms basement...

Anonymous wrote:

So you have a 100% remote parent. Our careers don’t support that. That’s why we had to live closer in.

I’m assuming at your income and situation you plan to retire early. Not a bad plan.

In theory we considered the expensive house forced savings that also saved us time, but it does make downshifting more complicated.

Surprised all these high earners live so far away, why is there so much demand for inner houses?

The lots are so small. We rather be living next to office in an apart or far away in a big lot, the inner circle house has worst of two and traffic.

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Anonymous wrote:I would reconsider this entire plan. Why not just have your DW downshift to a less stressful job and see what that looks like? Let's say she gets something making $110K you're still collectively pulling in $250K which should be plenty of money.

This would require selling house, moving and changing school for our 3 kids

And DW does not want this because she is worried about paying for college so dropping income is untenable without severe need (medical, etc).

I don’t understand why this means you have to sell your home. Unless you are living that paycheck to paycheck in which case you have a spending problem.

+1. Unless there's some kind of special needs situation if reducing your HHI to $250K requires you to sell your home you have a spending problem so maybe focus on that first.

We currently make $380k but most goes to mortgage ($6k). We bought close in, small old house but a proper SFH inside beltway with good schools.

Dropping to $250k is dropping gross income by 1/3 — do most people live on 2/3 of their income just to have option to drop the other 1/3??

Yes, most people that make what you make can drop their income by 1/3 and be fine. At your income level you should be saving a ton of money not spending most of it.

So they live in Burke and commute 1 hr+?

We bought a $1.2M house inside the beltway; anything cheaper was literally falling apart and this is a small colonial updates in the 90s.

If we drop to $250k, half our take home would go to the mortgage — that is not sustainable.

I really want to know the numbers where working parents earning $300k live with small mortgages?

I’m fine moving but it’s what we’ll need to do to drop that much.

You’re living beyond your means.

So anyone making $300k has a house that cost less than $900k? So you all live outside the beltway or in townhouses? PP lives in an exurb, which means we would lose 12 hours a week each just commuting.

I can’t believe people making $300+ choose such soul sucking commutes? Sure TODAY for some telework is an option (but is not for our jobs). And when we bought telework was not a thing.

450k here and we have soul sucking commute and live in a dumpster 700k house that’s older than my grandma.
I mean we tried for three years, every single 900-1.2mm house in the whole $&@ Fairfax would have 20 bids…

Do you have a nanny or something? We are unsure how to make it work when basically we will be absent from the kids lives for 20 more hours a week (2 adults with 12 hr week commutes). Are you hours flexible or you can telework some in evening and best rush hour?

I work 11 hours a day in office. DH works about 9 hr at home. He will be around when the kids walk back from bus stop.
We have a babysitter that arrives 5 min after bus arrival and she handles extra curriculum and homework. She leaves around 6:30.

So you have a 100% remote parent. Our careers don’t support that. That’s why we had to live closer in.

I’m assuming at your income and situation you plan to retire early. Not a bad plan.

In theory we considered the expensive house forced savings that also saved us time, but it does make downshifting more complicated.

Surprised all these high earners live so far away, why is there so much demand for inner houses?

Anonymous wrote:

Anonymous wrote:Some ridiculous responses but wanted to add that project management for a finance-related firm can certainly get you close to $200k (per a close connection in this role).

Project management in finance is not something op is qualified for. A nonprofit project manager likely doesn’t have the needed background and skills.

OP can possibly land senior associate level PM in finance, but the pay will be similar to what he makes now.
In order to get to 200k he needs specialized experience which will take another 4-6 years.

Anonymous wrote:Some ridiculous responses but wanted to add that project management for a finance-related firm can certainly get you close to $200k (per a close connection in this role).

Project management in finance is not something op is qualified for. A nonprofit project manager likely doesn’t have the needed background and skills.

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Anonymous wrote:I would reconsider this entire plan. Why not just have your DW downshift to a less stressful job and see what that looks like? Let's say she gets something making $110K you're still collectively pulling in $250K which should be plenty of money.

This would require selling house, moving and changing school for our 3 kids

And DW does not want this because she is worried about paying for college so dropping income is untenable without severe need (medical, etc).

I don’t understand why this means you have to sell your home. Unless you are living that paycheck to paycheck in which case you have a spending problem.

+1. Unless there's some kind of special needs situation if reducing your HHI to $250K requires you to sell your home you have a spending problem so maybe focus on that first.

We currently make $380k but most goes to mortgage ($6k). We bought close in, small old house but a proper SFH inside beltway with good schools.

Dropping to $250k is dropping gross income by 1/3 — do most people live on 2/3 of their income just to have option to drop the other 1/3??

Yes, most people that make what you make can drop their income by 1/3 and be fine. At your income level you should be saving a ton of money not spending most of it.

So they live in Burke and commute 1 hr+?

We bought a $1.2M house inside the beltway; anything cheaper was literally falling apart and this is a small colonial updates in the 90s.

If we drop to $250k, half our take home would go to the mortgage — that is not sustainable.

I really want to know the numbers where working parents earning $300k live with small mortgages?

I’m fine moving but it’s what we’ll need to do to drop that much.

You’re living beyond your means.

So anyone making $300k has a house that cost less than $900k? So you all live outside the beltway or in townhouses? PP lives in an exurb, which means we would lose 12 hours a week each just commuting.

I can’t believe people making $300+ choose such soul sucking commutes? Sure TODAY for some telework is an option (but is not for our jobs). And when we bought telework was not a thing.

450k here and we have soul sucking commute and live in a dumpster 700k house that’s older than my grandma.
I mean we tried for three years, every single 900-1.2mm house in the whole $&@ Fairfax would have 20 bids…

Do you have a nanny or something? We are unsure how to make it work when basically we will be absent from the kids lives for 20 more hours a week (2 adults with 12 hr week commutes). Are you hours flexible or you can telework some in evening and best rush hour?

I work 11 hours a day in office. DH works about 9 hr at home. He will be around when the kids walk back from bus stop.
We have a babysitter that arrives 5 min after bus arrival and she handles extra curriculum and homework. She leaves around 6:30.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I would reconsider this entire plan. Why not just have your DW downshift to a less stressful job and see what that looks like? Let's say she gets something making $110K you're still collectively pulling in $250K which should be plenty of money.

This would require selling house, moving and changing school for our 3 kids

And DW does not want this because she is worried about paying for college so dropping income is untenable without severe need (medical, etc).

I don’t understand why this means you have to sell your home. Unless you are living that paycheck to paycheck in which case you have a spending problem.

+1. Unless there's some kind of special needs situation if reducing your HHI to $250K requires you to sell your home you have a spending problem so maybe focus on that first.

We currently make $380k but most goes to mortgage ($6k). We bought close in, small old house but a proper SFH inside beltway with good schools.

Dropping to $250k is dropping gross income by 1/3 — do most people live on 2/3 of their income just to have option to drop the other 1/3??

Yes, most people that make what you make can drop their income by 1/3 and be fine. At your income level you should be saving a ton of money not spending most of it.

So they live in Burke and commute 1 hr+?

We bought a $1.2M house inside the beltway; anything cheaper was literally falling apart and this is a small colonial updates in the 90s.

If we drop to $250k, half our take home would go to the mortgage — that is not sustainable.

I really want to know the numbers where working parents earning $300k live with small mortgages?

I’m fine moving but it’s what we’ll need to do to drop that much.

You’re living beyond your means.

So anyone making $300k has a house that cost less than $900k? So you all live outside the beltway or in townhouses? PP lives in an exurb, which means we would lose 12 hours a week each just commuting.

I can’t believe people making $300+ choose such soul sucking commutes? Sure TODAY for some telework is an option (but is not for our jobs). And when we bought telework was not a thing.

450k here and we have soul sucking commute and live in a dumpster 700k house that’s older than my grandma.
I mean we tried for three years, every single 900-1.2mm house in the whole $&@ Fairfax would have 20 bids…

Do you have a nanny or something? We are unsure how to make it work when basically we will be absent from the kids lives for 20 more hours a week (2 adults with 12 hr week commutes). Are you hours flexible or you can telework some in evening and best rush hour?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I would reconsider this entire plan. Why not just have your DW downshift to a less stressful job and see what that looks like? Let's say she gets something making $110K you're still collectively pulling in $250K which should be plenty of money.

This would require selling house, moving and changing school for our 3 kids

And DW does not want this because she is worried about paying for college so dropping income is untenable without severe need (medical, etc).

I don’t understand why this means you have to sell your home. Unless you are living that paycheck to paycheck in which case you have a spending problem.

+1. Unless there's some kind of special needs situation if reducing your HHI to $250K requires you to sell your home you have a spending problem so maybe focus on that first.

We currently make $380k but most goes to mortgage ($6k). We bought close in, small old house but a proper SFH inside beltway with good schools.

Dropping to $250k is dropping gross income by 1/3 — do most people live on 2/3 of their income just to have option to drop the other 1/3??

Yes, most people that make what you make can drop their income by 1/3 and be fine. At your income level you should be saving a ton of money not spending most of it.

So they live in Burke and commute 1 hr+?

We bought a $1.2M house inside the beltway; anything cheaper was literally falling apart and this is a small colonial updates in the 90s.

If we drop to $250k, half our take home would go to the mortgage — that is not sustainable.

I really want to know the numbers where working parents earning $300k live with small mortgages?

I’m fine moving but it’s what we’ll need to do to drop that much.

You’re living beyond your means.

So anyone making $300k has a house that cost less than $900k? So you all live outside the beltway or in townhouses? PP lives in an exurb, which means we would lose 12 hours a week each just commuting.

I can’t believe people making $300+ choose such soul sucking commutes? Sure TODAY for some telework is an option (but is not for our jobs). And when we bought telework was not a thing.

We make more than 450k and we spend far less. And no we do not have a “soul sucking commute.”

Well please share how you found a cheaper house near your work with good schools?? Not all industries are open to teleworking even today…. Did you buy recently?

Anonymous wrote:Some ridiculous responses but wanted to add that project management for a finance-related firm can certainly get you close to $200k (per a close connection in this role).

Finance are back to office and it’s going to be QOL downgrade.

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Anonymous wrote:

Anonymous wrote:I would reconsider this entire plan. Why not just have your DW downshift to a less stressful job and see what that looks like? Let's say she gets something making $110K you're still collectively pulling in $250K which should be plenty of money.

This would require selling house, moving and changing school for our 3 kids

And DW does not want this because she is worried about paying for college so dropping income is untenable without severe need (medical, etc).

I don’t understand why this means you have to sell your home. Unless you are living that paycheck to paycheck in which case you have a spending problem.

+1. Unless there's some kind of special needs situation if reducing your HHI to $250K requires you to sell your home you have a spending problem so maybe focus on that first.

We currently make $380k but most goes to mortgage ($6k). We bought close in, small old house but a proper SFH inside beltway with good schools.

Dropping to $250k is dropping gross income by 1/3 — do most people live on 2/3 of their income just to have option to drop the other 1/3??

Yes, most people that make what you make can drop their income by 1/3 and be fine. At your income level you should be saving a ton of money not spending most of it.

So they live in Burke and commute 1 hr+?

We bought a $1.2M house inside the beltway; anything cheaper was literally falling apart and this is a small colonial updates in the 90s.

If we drop to $250k, half our take home would go to the mortgage — that is not sustainable.

I really want to know the numbers where working parents earning $300k live with small mortgages?

I’m fine moving but it’s what we’ll need to do to drop that much.

You’re living beyond your means.

So anyone making $300k has a house that cost less than $900k? So you all live outside the beltway or in townhouses? PP lives in an exurb, which means we would lose 12 hours a week each just commuting.

I can’t believe people making $300+ choose such soul sucking commutes? Sure TODAY for some telework is an option (but is not for our jobs). And when we bought telework was not a thing.

450k here and we have soul sucking commute and live in a dumpster 700k house that’s older than my grandma.
I mean we tried for three years, every single 900-1.2mm house in the whole $&@ Fairfax would have 20 bids…

Some ridiculous responses but wanted to add that project management for a finance-related firm can certainly get you close to $200k (per a close connection in this role).

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:44 is a child wet behind the ears. You got 25 years left.

Go for profit, pick up a few linkedin certifications, start really building linked in connections, volunteers some trade organizations, join boards, public speaking, executive MBA, internal initiatives

You can easily get that to 250k on five years.

I made 69k at 39 and moved it to 160k at 44 to 280k at 50 to 360k at 55. Also switching job helps.

And have your wife quit immediately so you can focus work. Late hours, travel, board meetings

Is this a troll post? Please tell us exactly what jobs you had in that trajectory.

Obvious troll. LinkedIn certificates? Ridiculous.

It’s the same troll on every career thread. Claims everyone needs a sahm and hates female employees. Throws around hip words like crypto but doesn’t know anything. Very distinct writing style, poor command of English

Except after being fired during Covid, doing consulting, start ups etc I am back to 350k salary, 65k RSUs and 35k cash bonus via 250 job applications and 100 plus interviews in 2.5 years.

You only need one fool or two to hire you. I told one company I know 95 percent of 100 percent of things which will be a great asset. I name drop everywhere.

I am taking crypto back of resume maybe adding in turnarounds and risk and private equity and restructuring you got to lean on to the job market. My new one I way way oversold my self on one job. So much I was getting apologies from CEO and whole C team the role not big enough for me. I was pissed as overplayed my hand. But I may be joining their board in the spring. Screw it i doubled down. Gotta double down.

Knives out when job hunting. Tell the wife to quit you got this.