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Overall, a sensible calculator. One surprise for me is how low the kids addition is. $18k (pre-tax) is hardly enough to cover the cost of a kid in SF. Even i
by usaar333 9y ago
Overall, a sensible calculator.
One surprise for me is how low the kids addition is. $18k (pre-tax) is hardly enough to cover the cost of a kid in SF. Even ignoring costs of additional housing, daycare costs are going to be over $25k/year.
Looking at the numbers:
* $90k single founder in SF - pretty easy to do (live with roommates); probably slightly excessive ($80k should be just fine for most folks)
* $108k founder with kids in SF - difficult. I'd put $120k as being a reasonable minimum with one (pre-k) kid.
- chrija 9y agoI agree, I don't expect the kid additions to fully cover the costs. Trying to cover these costs fully is probably unrealistic, as it would lead to a very large salary spread between, say, a founder with 3 kids and one with 0. The good news is that once you have kids you won't have time for parties or expensive hobbies anyway ... and the joy of having kids makes up for the financial disadvantage several times over. :-))