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I’d check that math - that’s 67k/yr, not 20k/yr. 1.2mill/18 years. I’m a parent and yeah it’s expensive but not multiple mortgages expensive unless you’re choo
by Forgeties79 4mo ago
I’d check that math - that’s 67k/yr, not 20k/yr. 1.2mill/18 years.
I’m a parent and yeah it’s expensive but not multiple mortgages expensive unless you’re choosing certain expenses like very costly private schools. I also don’t compare parenthood with investing in the S&P 500 as they are radically different undertakings, but that’s a different discussion entirely.
- trhway 4mo ago>I’d check that math - that’s 67k/yr, not 20k/yr. 1.2mill/18 years. It is meaningless calculating cost by simple division when the endeavor takes 2 decades. Money today are different from money 20 years ago. S&P500 is pretty reasonable and well accepted device to calculate opportunity cost over such long timeframes.
- Forgeties79 4mo agoI didn’t set these numbers, the other dude did then you backed it up even going so far as to lecture me about how 20k isn’t enough to raise a kid. I completely agree that this is meaningless, but I’m also not going to let 1.2mill suddenly equal 20k/yr raising a kid!
- trhway 4mo ago>going so far as to lecture me about how 20k isn’t enough to raise a kid. i expressed my opinion. You may have different one. Expressing an opinion different than yours isn't "lecturing". >I’m also not going to let 1.2mill suddenly equal 20k/yr raising a kid! using S&P500 as the opportunity cost evaluator the 20k/yr results in even more than $1.2M. I don't see what you're arguing about. Do you have a better opportunity cost evaluator than S&P500?
- Forgeties79 4mo agoI don’t even know what you’re trying to say anymore mate. Have a good weekend.
- throw93930 4mo ago[dead]