Childcare costs are ridiculous, and in most cases seem to be much higher than the cost per child to go to school.
which already has a 2x bloated budget.
This type of shit right here. Wife and i chose for her to be a stay at home mom so we dont have to do the daycare thing but that means i have 2 jobs. Every year for school we are met with a list of things that each student has to bring that you would think would be mostly supplied by the school. Sports are also expensive as hell.
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While I agree ever since the creation of the dollar inflation has been an ever growing factor. Ask for more than you think is fair
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My wife got a double masters because it was cheaper to stay home delay student loans rather than send 2 kids to daycare.
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Luckily Iām self employed and simply raise my fees and/or increase volume accordingly and my wife works. We are fortunate enough to be able to actively invest significant amounts of our assets where inflation doesnāt harm us much at all
I was speaking about most other people who are W2 employees, from my experience as a tax accountant dealing with hundreds of regular people clients
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Yes but ( not the people here) most are weak and dont understand money.
Shit is too expensive = ask for more or find a better job
Jesus dude
This is very true
Especially the Spending side, as you mentioned
Canāt invest properly and significantly to make a difference without controlling spending first and doing your best to make as much $$ via your career
Spending on ps5 beer and take out = bad
Spending on property interest in a company or asset investment = good
Propety assets almost always beat inflation. Part of the weird issues we have today are too many young people dont buy property or have weird hang ups about what they should get for what price buying property
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I donāt understand the US economy. I am rich according to the IRS Iām in the high 80 percentile of family income but I cant afford shit. My mortgage is 380k (I owe under 200k). All my cars are payed off.I do have 2 kids in college maybe combined 14k per year. I do not live the American dream. We donāt do vacations. I donāt buy dumb shit but the 180k combined income is not enough to give us a luxuries lifestyle. I just assume everyone around me makes a shitload more than I do.
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In your defense you afforded to pay off cars, put 2 kids in college at the same time, and pay off half your mortgage
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I think the man should power out and leave the wife to be a stay at home mom if day care is 2200 per kid. Have her take a couple of kids herself under the table then you are getting killed in taxes. She can cook dinner instead of eating out. She can run errands etc.
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Take off the Stupid MAGA hat you fool!!!
Everytime I start to like you, I notice that stupid hat!
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Honestly dudeā¦fuck you.
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your problem is youāre financially responsible
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On the bright side, I am getting super strong, I can carry $200 worth of groceries up a flight of stairs to my $1950 a month 1 bedroom apartment in 1 trip!!!
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Because people buy shit that you donāt actually need to raise a kid.
First thing on that video, āday care cost $2,200 a month.ā
My kid was never in day care. The most common reason people put their kids in daycare is because both parents work full time. Most of the time the cost associated with day care and everything else that absent parents spend money on is barely covered by the second salary.
My wife and I āsacrificedā money for time with our kid and actually came out ahead.
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Why is the cost of raising children insane
Because the market knows thereās no deeper, even irrational well of spending than a parentās love. Industries attach themselves to that devotion like barnacles, turning every need, want, and insecurity into a monetizable āmust-have.ā The more we idolize perfect parenting, the more companies inflate costs - because they know mums and dads will do anything, buy anything, and sacrifice anything to give their kids a leg up or keep up with the Joneses. Parents devotion to their offspring = profit centers in tiny shoes.
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Things are outrageous but a big problem for a lot of people is that they insist on living in an area they canāt afford with a job they could do almost anywhere. If you arenāt in a high paying profession you should probably not live in a big metropolitan area. You probably shouldnāt live in the northeast or California in general. Not what anyone wants to hear but if you arenāt doing well thatās an easy fix.
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