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Re:Redditors earning $100k+ a year, what are your secrets to... by nostrademons on Friday February 25, 2011 @04:41AM (#2261665)
If you're married with kids, presumably you have a second income. The great-grandparent poster did figure in $1000/month for childcare. That $6k/month becomes $12k/month if your wife makes as much.

Anyway, my parents raised my sister and I on a single teacher's salary that was a lot less than $100K. Yes, kids do cost more than being a bachelor. However, a lot of the expenses I see batted around as justification for why you need $100K just to live today are utterly ridiculous. 90% of American households get by with much less than that.

Re:Redditors earning $100k+ a year, what are your secrets to... by timr on Friday February 25, 2011 @01:24PM (#2263188)
"Anyway, my parents raised my sister and I on a single teacher's salary that was a lot less than $100K. Yes, kids do cost more than being a bachelor. However, a lot of the expenses I see batted around as justification for why you need $100K just to live today are utterly ridiculous. 90% of American households get by with much less than that."

Yes, they do. In other parts of the country.

What your parents did 20+ years ago has very little bearing on the cost of raising a family in San Francisco, today. It takes more than one spouse with a sub-$100k job. Again, $100k just isn't that much money in a place where rent on a decent one-bedroom starts at $2,000 a month.

Re:Redditors earning $100k+ a year, what are your secrets to... by phlux on Friday February 25, 2011 @01:16PM (#2263163)
>...Anyway, my parents raised my sister and I on a single teacher's salary that was a lot less than $100K

Sure, when? 15+ years ago?

Also, why would you assume that my SO also makes 100K? She doesnt, as a hair stylist - she makes very little comparatively.

What egregious expenses did I have in my post if anything? The ONLY luxury items I had in my list were a beer with friends and a bottle of wine.

The problem I think we are seeing here is that everyone who thinks that 100K is a lot of money is:

Not/has not been Married

Has no kids

Is under 35

Also, @JasonKester: "wearing monogrammed blazers to school"

You fail to understand that simply having a kid is going to cost you ~1500 in childcare expenses, assuming you dont have a stay at home SO to watch after the child.

Its not a status statement -- try looking up what freaking baby sitters/nannies cost for an infant, whom you cannot slap a monogrammed badge on their blazer and dump them off on the corner.

This is a common problem with YC/HN -- there are a lot of <30-somethings thinking they have it all figured out.

/lawn

Re:Redditors earning $100k+ a year, what are your secrets to... by jasonlotito on Friday February 25, 2011 @04:52PM (#2263927)
But 15 years ago was only 95. I mean, that's not old... that's only....

Dear god. >_<