How much are you worth?

Twixboy · 03-30-2016, 06:43 PM

Quote:

Originally Posted by PoorLurker

Now think about a dual income family in So. Cal making $250k having to have two parents working while paying $750k for a house and another $1500-2000 per month in child care.

Hey, that's me! Except I'm in the Boston area and it's more like $3000/mo for daycare. Per kid. Now that both kids are in school it's "only" $2000/mo to hire a babysitter for a few hours per day until we get home from work.

Mr Tonka · 03-30-2016, 09:19 PM

Quote:

Originally Posted by PoorLurker

Reverb Stealth 150mm - actually costs more than I thought, haha. (bought my bike as a package)

https://www.sram.com/rockshox/products/reverb-stealth

Nice! The dropper that came on my bike is close to my favorite aspect of the bike.

M3 Number 86 · 03-30-2016, 09:40 PM

Quote:

Originally Posted by Mr Tonka

Nice! The dropper that came on my bike is close to my favorite aspect of the bike.

most importantly, do you guys have these for your bikes? I have one on my helmet (tackday bro) and it's dope.

http://www.velostickers.com/

Mr Tonka · 03-30-2016, 09:48 PM

Quote:

Originally Posted by M3 Number 86

most importantly, do you guys have these for your bikes? I have one on my helmet (tackday bro) and it's dope.

http://www.velostickers.com/

I don't race but i'm getting a couple for my wife's bikes.

M3 Number 86 · 03-30-2016, 09:50 PM

Quote:

Originally Posted by Mr Tonka

I don't race but i'm getting a couple for my wife's bikes.

these are the best mods!

csu87 · 03-31-2016, 04:39 PM

Quote:

Originally Posted by Twixboy

Hey, that's me! Except I'm in the Boston area and it's more like $3000/mo for daycare. Per kid. Now that both kids are in school it's "only" $2000/mo to hire a babysitter for a few hours per day until we get home from work.

$3k/month for daycare per kid?!?!

those kids better be able to read, write and speak several languages fluently.

Around here $1k/month per kid gets you some pretty nice daycare. For 3k/month, i can get a hot nanny to come stay with me

jtodd_fl · 03-31-2016, 04:43 PM

Quote:

Originally Posted by csu87

$3k/month for daycare per kid?!?!

those kids better be able to read, write and speak several languages fluently.

Around here $1k/month per kid gets you some pretty nice daycare. For 3k/month, i can get a hot nanny to come stay with me

Divorce costs way more than $3K per month...

Twixboy · 03-31-2016, 04:54 PM

Quote:

Originally Posted by csu87

$3k/month for daycare per kid?!?!

those kids better be able to read, write and speak several languages fluently.

Around here $1k/month per kid gets you some pretty nice daycare. For 3k/month, i can get a hot nanny to come stay with me

I read a report once on average daycare costs across the country. Daycare in MA costs about 50% more than in NY which is the 2nd highest in the nation. Bright Horizons is around $2500-3000/mo in the suburbs, but that jumps to $4000/mo in Cambridge and Boston which are the 2 big job centers in this area. I have a coworker who was paying around $7500/mo in daycare for her 2 kids, and that's after the sibling discount!

The Wind Breezes · 03-31-2016, 05:33 PM

Anyone's take from this thread should be that getting married / having kids are some of the worst financial decisions you can make.

PoorLurker · 03-31-2016, 05:48 PM

Quote:

Originally Posted by Twixboy

I have a coworker who was paying around $7500/mo in daycare for her 2 kids, and that's after the sibling discount!

Very, very intriguing.

I am not sure at what amount of income my wife and I would have to make to pay someone $7500 per month ($10k gross) to watch our two children.

My wife nor I are really stay at home type of personalities, but still...

1MOREMOD · 03-31-2016, 06:18 PM

And that is why kids are stupid

csu87 · 04-01-2016, 08:46 AM

Quote:

Originally Posted by jtodd_fl

Divorce costs way more than $3K per month...

Not if you're the "in debt" group

jtodd_fl · 04-01-2016, 09:00 AM

Quote:

Originally Posted by csu87

Not if you're the "in debt" group

Touché

David70 · 04-01-2016, 09:03 AM

Quote:

Originally Posted by The Wind Breezes

Anyone's take from this thread should be that getting married / having kids are some of the worst financial decisions you can make.

Agree on the kids but if you get married to someone that makes more than they spend and you stay together it is actually a good financial decision. I took it that getting married and then divorced is a bad choice.

Chances of kids bringing in more than they spend/cost - not so good (is it zero or just really close to zero)?

wdb · 04-01-2016, 11:56 AM

Raise 'em right and kids will pay back with interest. It's not all about money people.

Oh and I lied on the poll.

EDIT: No I didn't.

EDIT: Yes I did.

View Poll Results: What's your net worth (assets minus liabilities)
I'm in debt	34	25.00%
$0-$500K	45	33.09%
$500K-$1M	15	11.03%
$1M-$5M	12	8.82%
$5M-$10M	2	1.47%
$10-$50M	2	1.47%
$50M+	26	19.12%
Voters: 136. You may not vote on this poll

03-31-2016, 05:33 PM	#185
The Wind Breezes Lieutenant Colonel 919 Rep 1,848 Posts Drives: 135i N55 DCT Join Date: Apr 2015 Location: USA iTrader: (0)	Anyone's take from this thread should be that getting married / having kids are some of the worst financial decisions you can make.
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03-31-2016, 06:18 PM	#187
1MOREMOD - 11820 Rep 23,186 Posts Drives: Race car-> Join Date: Mar 2009 Location: check your mirrors iTrader: (5)	And that is why kids are stupid
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04-01-2016, 11:56 AM	#191
wdb dances with roads 5075 Rep 4,130 Posts Drives: '07 E86, '02 996, '95 Seven Join Date: Jul 2015 Location: the perimeter iTrader: (4)	Raise 'em right and kids will pay back with interest. It's not all about money people. Oh and I lied on the poll. EDIT: No I didn't. EDIT: Yes I did.
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