People that brag about their money

[cwessel76]

I'll have to do a little research on the Wells Fargo site

Credit Karma is free and gives you updated credit scores as well. I’ve been using them for 10+ years.

 

[Pipe Line]

we currently pay slightly more for monthly childcare than our mortgage. Just got a notice from our daycare that tuition is going up this summer.

So glad my in laws live in our neighborhood. Grandma watches our daughter and my wife pays her a few hundred a month. Impossible to beat

 

[cwessel76]

NoVA is ridic. Make $100k/yr and you'll barely be able to afford an apartment.

It is. I mean this in no way as a “Hey look at me!” but between the two of us my wife and I do pretty well for ourselves. The problem is that here most everybody does pretty well too.

It’s pure competition here and it’s not always a pretty thing.

 

[lee_carvallo_12]

Finding good childcare providers is tough.

Would you rather make $8-10/hr with likely no benefits or go work at Costco or Amazon and make $20/hr with benefits?

Exactly. We're very lucky to have a quality daycare with very good, quality, caring teachers.

So glad my in laws live in our neighborhood. Grandma watches our daughter and my wife pays her a few hundred a month. Impossible to beat

The one thing that swayed us to going the daycare route vs in-home care from nanny or family members was 1) building social skills with peers and other authority figures, and 2) build up immunity to sickness. they were constantly sick their first six months in daycare, but get sick less and less frequently now. Regarding both 1 and 2, we didn't want them to go into public kindergarten and that be their first classroom experience.

 

[DrumMonkeyRobot]

I know some people with seriously deep pockets. Some flaunt it and others are overly modest with it. One of my best friends could have retired at age 45 but has continued running his company. I think he buys his clothes at JC Penneys, lives in a modest townhouse and drives a 7 yr old Ford Explorer. Zero flash.

Everyone is different. When I helped run Carmine's Italian Restaurant on Rush St in Chicago I had a heavily foreign staff. One was from Serbia. He'd make $300+/night waiting tables then go blow it on drugs, alcohol and other vices. Didn't have anything in the bank even though he was making about $100,000+/yr and much of that tax free cash tips. I loaned him money for rent sometimes. I tried helping him with his financial planning with no luck. He said I didn't understand what it was like to grow up in Serbia. He was 12 when the war started. He would go on the rooftop of his apartment complex with his friends with a cooler of beer and drugs at age 12. They'd get high and drunk watching the missals fly over their apartment building while all of the parents where huddled down in the complex basement. Said missals hit buildings that were close by and they felt the backwash. Figured he would rather die on top of the roof in an attack than being buried alive in the concrete rubble in the basement. True YOLO mentality. He has matured a little but not that much. Hard for him to get away from the reality he lived where every day could very easily be his last. He lives like it is his last day on earth, every day.

As I've gotten older, I've realized how much of a waste of my and everyone else's time it is to get upset when other people don't behave the way I think they should. They aren't me. I have no idea what their experiences have been and what made them the way they are. Life got a lot easier and more enjoyable when I stopped expecting people to "behave" and started accepting them for who they are.

 

[Jim14510]

we'll have one kid in public school starting in Aug this year. Hopefully next one will be in public pre-K in Aug 2024. Our childcare spend on both of them at our church daycare in Dallas is right around $24k a year, $2k/mth. That will be a use raise/bonus.

My own fault but I pay about 35k per year for school.

 

[Pipe Line]

Exactly. We're very lucky to have a quality daycare with very good, quality, caring teachers.

The one thing that swayed us to going the daycare route vs in-home care from nanny or family members was 1) building social skills with peers and other authority figures, and 2) build up immunity to sickness. they were constantly sick their first six months in daycare, but get sick less and less frequently now. Regarding both 1 and 2, we didn't want them to go into public kindergarten and that be their first classroom experience.

Yeah that's certainly part of the conversation. Put me in the camp of social skills and build up immunity. My wife is a teacher so agrees with the social skills part but not really on the same page with the immunity part or "kid germs" part. She also loves the idea of having her mom be the primary care taker for her during the day due to trust. Admittedly, it makes life really easy. Kiddo is great socially though, got that from me. I'm a people person. She was doing group swim lessons during the summer and fall and she is in dance class on Wednesday nights so she is exposed to those variables. We'll see what pre-school/kindergarten holds

 

[KidsSeeGhosts]

My own fault but I pay about 35k per year for school.

 

[Jim14510]

3 kids. 2 high school 1 elementary. Not sure I'd do it differently if I had to do it over again.

 

[KidsSeeGhosts]

3 kids. 2 high school 1 elementary. Not sure I'd do it differently if I had to do it over again.

Insane dude. Assume private school? That's HS tuition higher than my UG.

 

[Jim14510]

Insane dude. Assume private school? That's HS tuition higher than my UG.

Higher than my undergrad too. There's definitely days I reflect and feel stupid. Oldest going to UNL next year. She'll be full price. Jr. Boy will be a full ride if he goes to UNL. So between the two even if I paid 100% of college their college will be cheaper.

Unless he ends up at MIT or Stanford or something like that.

 

[MtnHusker]

Higher than my undergrad too. There's definitely days I reflect and feel stupid. Oldest going to UNL next year. She'll be full price. Jr. Boy will be a full ride if he goes to UNL. So between the two even if I paid 100% of college their college will be cheaper.

Unless he ends up at MIT or Stanford or something like that.

College costs are getting crazy at some places. My daughter was applying at Harvard, Yale, Stanford, Northwestern, Washington University, Cornell....... my checkbook was worried. She ended up getting a 5 year full ride to the University of Alabama and wanted to go there. Dad was very happy, and instead of tuition payments I got a nice new boat!!!! She graduates in May with her MBA plus Zero College debt for her or me.

 

[cwessel76]

College costs are getting crazy at some places. My daughter was applying at Harvard, Yale, Stanford, Northwestern, Washington University, Cornell....... my checkbook was worried. She ended up getting a 5 year full ride to the University of Alabama and wanted to go there. Dad was very happy, and instead of tuition payments I got a nice new boat!!!! She graduates in May with her MBA plus Zero College debt for her or me.

The downside is she probably yells “ROLL TIDE” at random points in the day.

 

[Jay Bilzerian]

The downsize is she probably yells “ROLL TIDE” at random points in the day.

Hell, that should probably be the name of his new boat given the circumstances.

 

[BIG TONE SOPRANO]

Don't tell me; these morons also travel first class?

Oh yea I call it Smug Class

 

[BIG TONE SOPRANO]

facts! Every time, I get a raise I just add that percentage on to my 401k or IRA

More for the feds to take when China wants their money back

 

[betsch]

You can visit annualcreditreport.com and request a free report that includes all 3 credit bureaus once every calendar year, and will not ding your credit.

Does anyone know what the history is behind getting "dinged" for checking your credit score? You'd think they'd want people to check it to see where they are. What is the purpose of lowering it for checking it?

 

[Mavsker]

More for the feds to take when China wants their money back

People forget that the legislature can nationalize your 401k with the stroke of a pen.

 

[BIG TONE SOPRANO]

Does anyone know what the history is behind getting "dinged" for checking your credit score? You'd think they'd want people to check it to see where they are. What is the purpose of lowering it for checking it?

You only get dinged on hard pulls. The whole credit system is stupid. They can take it in a second but it takes months and months to repair unless you do a rescore but that’s an unbelievable pain to do.

 

[BIG TONE SOPRANO]

People forget that the legislature can nationalize your 401k with the stroke of a pen.

Yep