1.5 to 2 unless I didn’t buy an unreasonable house

Dec 11, 2019
11:07:13am

cougfanz Walk-on

Problem is a lot even pulling in 7 figures are still spending like crazy on a lot of other things that just add up.. Especially the big ol house.

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cougfanz

Previous username: ndfan
Bio page: cougfanz
Joined: May 15, 2011
Last login: May 12, 2024
Total posts: 18,052 (1 FO)

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Messages

Author

Time

How much money would you have to make annually to consider having a full-time nanny to help with cooking/cleaning etc.?

scootsy Internet Thief

12/11/19 9:33am

Over 1M with little or no debt

Slim

12/11/19 9:36am

500k at a minimum

Pimpin4Paradise

12/11/19 9:36am

Not sure. In today's dollars, what did an architect make in the 70s?

cucciolo25

12/11/19 9:41am

Is it a two income family? Is mom's health good?

Ycrazy

12/11/19 9:43am

I guess either scenario. Either a working mom, or a mom in poor health.

scootsy

12/11/19 9:44am

In those cases maybe 300K to justify spending 65K a year.

Ycrazy

12/11/19 9:45am

That would be a little sketchy imo. Your effective tax rate is probably 40% between state and federal not to mention

Pimpin4Paradise

12/11/19 9:58am

Yeah looking at those numbers I would have to raise the bar. Maybe 400K.

Ycrazy

12/11/19 10:00am

National average nanny rate is $19/hr. Pay $20 and you are at 41k full time.

Plato

12/11/19 10:44am

Except for the fact that if you employ a full-time nanny, you're going to be responsible for payroll taxes. That will

Pimpin4Paradise

12/11/19 10:46am

Cost of living is a factor. If you live in a high-COL area, your nanny rate isn't going to be $19/hr.

mik3

12/11/19 10:47am

My guess is that high COL ares employ a disproportionate % of full time nannies,

Plato

12/11/19 10:56am

If the source for the $19/hr claim is Google via nannylane.com, that figure isn't representative.

mik3

12/11/19 11:07am

$66K.

Ragnar Danneskjold

12/11/19 9:43am

Yup. If the nanny is good enough, you don’t have any expenses

Nikomedes

12/11/19 10:00am

I'm not sure I'd want a full-time nanny even if I won the lottery

Avery

12/11/19 9:46am

It depends on how I'm making my money

Ned Schneebly

12/11/19 9:49am

Get a part time chef and part time cleaning person. Better to get experts.

FrontLineFan

12/11/19 9:50am

I would never want one

Cougar TD

12/11/19 9:52am

I've had full-time Au Pairs for childcare. Are we talking a second person?

annapcoug

12/11/19 9:53am

Yeah I once tried getting my vallet to man the kitchen, not a good idea. Gonna

coug almighty

12/11/19 10:16am

65k seems high. Does that include payroll taxes and benefits?

Plato

12/11/19 10:40am

RE: 65k seems high. Does that include payroll taxes and benefits?

scootsy

12/11/19 10:45am

Also, if you aren't a member of an exclusive golf club because of the cost, then

Plato

12/11/19 10:58am

1.5 to 2 unless I didn’t buy an unreasonable house

cougfanz

12/11/19 11:07am

Probably 800k. I think at 500-600 I'd go for a part-time nanny

buckles

12/11/19 12:57pm

Its a problem to acknowledge someone?

coug almighty

12/11/19 2:38pm

🙂 TIC brother

buckles

12/12/19 8:26am

Would be for me. I’ll never want someone living with us.. unless had to for some

cougfanz

12/12/19 9:59am

What if it really costs $40K per year? $15/hour with 1.5 x for overtime.

HoustonCougar

12/11/19 4:28pm

Okay, it's really not that expensive

annapcoug

12/11/19 4:49pm

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