Ludovico Technique wrote:Anonymous User wrote:I dunno... no question you can make more in private practice, but $150,000, even in a major metro area, is hardly roughing it.
Yes and no. If you have 2+ kids, before they are in school, $150k can evaporate pretty quickly. For example, assume three kids:
Child care: $3.5k (we'll say that two are in preschool (at $1500 a pop), and one is in regular school but needs after school care (at $500 a pop). This goes up to $4.5k in the summer.
Student loans: $1k (assuming both spouses paid down their loans to manageable levels)
Medical: $500 ($300 premium contribution, plus there's always about $200 worth of out of pocket stuff with that many kids)
Car: $400 (assuming one car, not paid off, plus insurance)
That's just the major stuff, and we're already at $8,200 -- leaving probably around a grand to pay for food, entertainment, clothes, gas, etc. And nothing in the summer.
Time to tell your wife to get a job bro