Is your office work depleting your salary... see below.
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Warning - THIS MAY NOT WORK FOR YOU AS SUGGESTED! SCENARIO- BOTH PARTNERS WORK AND COMMUTE'S 15 MILES TO WORK Say a couple has two young kids. One partner makes $250k and one makes $100k - not uncommon. Both want to return to work for economic or mental stimulation. We’ll look at the partner earning $100k with a 15-mile commute Wages $100,000 Taxes $ 40,000- Net $ 60,000 Childcare $ 36,000- Clothing $ 3,000- Commute $ 12,000- (15 x $800/mile/year) True Net $ 9,000 Hours/Yr 2,080 (40 Hour Weeks) Net Hourly $4.32 / hour - well below minimum wage WHAT PARENTS ARE DOING IN A WORK FROM HOME FOR EITHER ONE; Working from home gives back the additional clothing, the commute, and the childcare costs. This provides $60,000 in net income after taxes or $60k/2080 hours or $28.84 / hour. THE DAILY TASKS 1. Get the kids dressed, fed, and off to daycare or school 2. Pick grade school kids on a work break at 2:30 pm 3. Have a sitter or tutor be with the kids from 3-6 pm (deduct cost) 4. At 5 pm, put on dinner - crock or other (30 min) 5. Partner arrives at 6:00 pm 6. Dinner together at 6:30 pm as a family 7. Bath time, book time, bedtime 8. At 8:30 mount your Peloton, or spend time with your partner. This works for single parents as well as couples and it works well. It can also be combined with a home-schooled circle of families. We see about 58% of our clients from basic knowledge workers to executives work from home with ease while managing their families with less effort and satisfaction.