Comments on: Stay-at-home parent worth six-figure salary http://blog.penelopetrunk.com/2006/05/12/stay-at-home-parent-worth-six-figure-salary/ Advice at the intersection of work and life Thu, 03 Jul 2008 22:27:45 +0000 http://wordpress.org/?v=2.3.3 By: T http://blog.penelopetrunk.com/2006/05/12/stay-at-home-parent-worth-six-figure-salary/#comment-147444 T Sat, 17 May 2008 16:58:04 +0000 http://blog.penelopetrunk.com/2006/05/12/stay-at-home-parent-worth-six-figure-salary/#comment-147444 I think it's better to have an extremely successful parent working long hours than one that works 40 hours. Here is why: the parent(s) knows how to be successful. Too many average Joe parents overprotect their children. They muck into their businesses when they shouldn't, especially if their kids are more ambitious. These parents think they are protecting their kids from trouble. But in fact they impede on their kids chance of success. As a result, either the kid gives up on their dreams or their relationship is strained. Why would that be good? I think it’s better to have an extremely successful parent working long hours than one that works 40 hours.

Here is why: the parent(s) knows how to be successful.

Too many average Joe parents overprotect their children. They muck into their businesses when they shouldn’t, especially if their kids are more ambitious.

These parents think they are protecting their kids from trouble. But in fact they impede on their kids chance of success.

As a result, either the kid gives up on their dreams or their relationship is strained.

Why would that be good?

]]> By: Andrea >> Become a consultant http://blog.penelopetrunk.com/2006/05/12/stay-at-home-parent-worth-six-figure-salary/#comment-139298 Andrea >> Become a consultant Fri, 28 Mar 2008 16:19:40 +0000 http://blog.penelopetrunk.com/2006/05/12/stay-at-home-parent-worth-six-figure-salary/#comment-139298 Most of the stay at home parents I know left high-paying careers. We don't hire nannies or daycares to look after our kids because it doesn't make sense to have someone with limited education looking after your kids when you have graduate education. People don't seem to see that they're not getting the same quality when they outsource to a nanny or daycare. Most of the stay at home parents I know left high-paying careers. We don’t hire nannies or daycares to look after our kids because it doesn’t make sense to have someone with limited education looking after your kids when you have graduate education. People don’t seem to see that they’re not getting the same quality when they outsource to a nanny or daycare.

]]> By: JT http://blog.penelopetrunk.com/2006/05/12/stay-at-home-parent-worth-six-figure-salary/#comment-72699 JT Fri, 18 May 2007 00:37:55 +0000 http://blog.penelopetrunk.com/2006/05/12/stay-at-home-parent-worth-six-figure-salary/#comment-72699 These articles are always bogus. Your work is worth what others will pay you for it. The work of a typical housewife is no different from a fulltime housekeeper or nanny. That's worth about $10-$20/hr, or $20-40K a year. The reason many (not all) moms stay at home is simply because they wouldn't make much more than that at work after tax. Not too many moms leave six-figure incomes to be stay-at-home moms. Even then, it's probably because the dad makes more than enough that it's not a financial burden. These articles are always bogus. Your work is worth what others will pay you for it. The work of a typical housewife is no different from a fulltime housekeeper or nanny. That’s worth about $10-$20/hr, or $20-40K a year. The reason many (not all) moms stay at home is simply because they wouldn’t make much more than that at work after tax. Not too many moms leave six-figure incomes to be stay-at-home moms. Even then, it’s probably because the dad makes more than enough that it’s not a financial burden.

]]>