Going down 200k in income is insanity. Makes more sense for him to be a stay at home dad

@blackworldtraveler3711

Жыл бұрын

They are married. If she say she’s going to be a stay at home mom she will. Really nothing he can do about it.

@hoiendehe

Жыл бұрын

She starts OnlyFans and they will be Rich

@superblump87

Жыл бұрын

@@hoiendehe are you twelve?

@JewelBlueIbanez

Жыл бұрын

Men can’t be mothers. She can also look into teaching online university classes.

@rthellman

Жыл бұрын

@@JewelBlueIbanez Men can be stay at home fathers though. Especially if she is making so much more. Doesn't make any sense for them to go down. They could stick with her income and do daycare and be better off.

This is the lifestyle trap. You have one or two great years of income, 200k-300k and think you are set and it will be like this every year but reality comes crashing after you decided to take out massive real estate loans and buy expensive cars. My parents fell into this exact trap during the peak of 2005-2007. Bought like two or three million in real estate at the peaks of the time in Orlando, FL. Then 2008-2009 destroyed our family and over a decade later they are still feeling the impacts of it. They didn’t have the income to cover those mortgages and if they kept them they would be worth three times what they paid for properties. I will not repeat these mistakes because I’ve suffered enough as a kid and teen going through that.

@kara2162

Жыл бұрын

Yes. 'Live below your means'. Best advice to live by.

@hoiendehe

Жыл бұрын

Dave

@donjohnson1416

Жыл бұрын

YOU GOT IT 100%. This is why people recommend LIVE BELOW YOUR MEANS. If they were this would only be a speed bump. BUT lifestyle creep and keeping up with the Joneses always gets ya. After hearing Dave say "when the tide goes out we will all see who was skinny dipping" THESE PEOPLE WERE SKINNY DIPPING...LOOK.

@Ja50nkAt

Жыл бұрын

I think a lot of people have forgotten about 2008-09, insane how these cycles repeat and how quickly humans forget.

@ciscoXkidX25

Жыл бұрын

@@donjohnson1416that’s a Warren buffet quote that Dave uses

I'm sorry but no, the one making over 75% of the income doesn't get to be a stay at home parent. This is the burden of parenting, she HAS to continue to work or she will irreparably damage her family's finances.

@Dreamer-by4nk

Жыл бұрын

The guy could step it up and earn more. And she could work part time.

@amireallythatgrumpy6508

Жыл бұрын

She should work 20 hours a week.

@whitneyw.7919

Жыл бұрын

@@Dreamer-by4nk How do you know that? You don't. Not everyone can easily make $225K, that's way higher than an average salary!

@louannhuber2651

Жыл бұрын

Future pension should be considered too.

@adamseidel9780

Жыл бұрын

This is like a perfect stay at home dad situation. She works in academia, not on Wall Street, it’s not like she’d never get to be home, it’s a cushy position.

I don’t get why someone would go through all the schooling to get this sort of income just to retire a few years later.

@dr.bradshaw

Жыл бұрын

Probably end up going back to work when the kids are in school. It’s not a permanent stay at home mom

@jeromehenry4484

Жыл бұрын

In this specific case, it appears the wife wants husband to be more productive, not relying on her for 85% of household income. Don't think she really wants to live in $45K/year or even $90K/year. He is not as ambitious as she had envisioned.

@adambrooks7423

Жыл бұрын

Precisely why I would never marry a woman that wasted a ton of money and time on school. Almost every woman I know that went to graduate school is now working part time or not at all. If you want to be a mom, be a mom. If you want to spend several hundred grand on school then you better plan on working full time for at least 25 years.

@agentooe33AD

Жыл бұрын

@@adambrooks7423 Precisely this. My daughter wants a family, so I told her not to bother wasting money on college. She started her own online bakery so that she can still make money, but can do it from home. This makes sense because in this way, she could still be a stay at home mom, but also bring in some money so the husband won't have to be working crazy hours to afford a decent home. Fathers need to be in their kids' lives too. I don't like it when men have to be gone from home all of the time just to bring in enough money. Kids need their parents more than they need stuff.

@kathryneprickett2083

Жыл бұрын

Facts. It's just a foolish thing to do. That's why women shouldn't be climbing the ladder so high to begin with

She has a cushy job that affords her to have nearly half a year off and still wants to stay at home 😂

@rememberme626

Жыл бұрын

And the caller didn’t even mention if she was going to homeschool the children 🤔

@annaredding

Жыл бұрын

She doesn't have half a year off. She works from home while taking care of the kids, and she is sick of it.

@mxerb5912

Жыл бұрын

@@annaredding she’s a college professor. Welcome to life

@christopherpaige406

6 ай бұрын

@@annaredding where did you hear that? Dave suggested it. That's why they have 2 homes. They move to 1 home so she can work 6 months and move to the other so he can work ( if you want to call it that) for 6 months. 2:14-2:48

200k down to 40k with two mortgages? That's brutal. She needs to keep working at least part time wherever his business lands.

@godfathaofyo

Жыл бұрын

or she continues to work and he become a full time home maker.

@bobberry1463

Жыл бұрын

It surprise me how bad people are at listening. He said he only make 45k cause he never there so he feel guilty taking more if he was there more he probably make 100k

@spankynater4242

Жыл бұрын

Obviously they have to downsize, probably sell both houses and the commercial building, and buy a single modest home.

@godfathaofyo

Жыл бұрын

@@bobberry1463 Still $220k vs $100k.....if you had to cut one income and be a stay at home parent, the math is pretty obvious, on top of that, she is in the college system, that is not a 52 week a year job. She can have her "me" with her kids. More than a typical male bread winner can.

@John3.36

Жыл бұрын

That or sell the stuff and start over.

He said he pays himself $45K because he’s only there part time. Why not move where his business is and increase his pay by being there full time? Sell the house that’s not where his business is, pay off the business warehouse, pocket the surplus. I’d also downsize your home… sell both, pay cash for a smaller home.

@retrodripsupport7510

Жыл бұрын

He could make more money as an HR guy at a hole in the wall insurance firm in Topeka Kansas

@oneeyedman99

Жыл бұрын

@@retrodripsupport7510 HR guys in Topeka make 70-80k? Hard to believe.

@giella4056

Жыл бұрын

What year are you living in and which country??

@retrodripsupport7510

Жыл бұрын

@@oneeyedman99 he said he is paid $45k

Hilarious watching Dave trying to rap his head around modern relationships LOL

@johnSmith-uz8nl

Жыл бұрын

Especially since his wife was a stay at home mom. It looks like Dave has double standards.

@Tunechi65

Жыл бұрын

@@johnSmith-uz8nl old people struggle to adapt

The person making 75% of the income DOES NOT UNDER ANY CIRCUMSTANCES GET TO BECOME A STAY AT HOME PARENT.

Dave saying cray cray is hilarious 😂

@spankynater4242

Жыл бұрын

And people call him a boomer.

@rustyshackleford6637

Жыл бұрын

@@spankynater4242 he is

@spankynater4242

Жыл бұрын

@@rustyshackleford6637 you should try getting a sense of humor.

@rustyshackleford6637

Жыл бұрын

@@spankynater4242 I already have one

@spankynater4242

Жыл бұрын

@@rustyshackleford6637 And it’s right at about the level of Eric the midget’s.

Sell the business, move to where your wife works, have her work, he needs a new job. Done.

@drfeelgordo

Жыл бұрын

Exactly.

It's makes absolutely no sense for the wife to stay at home. Being a stay at home parent is something you do because it's best for the family and it is not in the family's best interest for them to lose 220K in income. He needs to stay at home.

If my wife made that I’d be breaking out the apron and the maid dust brushes, Stay-at-home Daddy!!!

@integralx1988

Жыл бұрын

Once you make $250k plus you realize how other things are way more important like kids and spending time with them.

@screwdriver_bandit

Жыл бұрын

@@integralx1988 I agree with you on that! But part of taking care of family means providing and taking a drop that steep is insanity, there are definitely other options for them I feel

@jimmymcgill6778

Жыл бұрын

@@integralx1988 Yeah, but they cannot afford it.

@godfathaofyo

Жыл бұрын

@@integralx1988 Once you make $250k plus, you realize you have the privilege of enabling your spouse to stay at home full time, and being a great family provider on that salary, regardless of either gender.

Sounds more like he should be the stay at home dad

@johnSmith-uz8nl

Жыл бұрын

Yes... but it comes down to what she wants and what he wants.

@teenyverse7707

Жыл бұрын

Sounds like the wife is tired of carrying him...

@johnSmith-uz8nl

Жыл бұрын

@@teenyverse7707 when u r married, there is no him or her there is only us.

@tracygaluszynski1868

Жыл бұрын

Sure millennial.

@Molbyone

Жыл бұрын

@@tracygaluszynski1868 okay boomer

She needs to keep working. He should stay home. There are not that many jobs in academia. It's really rare to have the 220k income in academia. And they need to be in one city.

@whitneyw.7919

Жыл бұрын

totally agree, this family's logic is idiotic. They have no idea how blessed she is to make that much as a professor . not easily replaceable

Makes me wonder how people get where they are when they can’t decide on the obvious.

220k to be a professor.. any wonder college costs have sky rocketed.

@Dan16673

Жыл бұрын

Could be head of a department but in general ya. Insanity

@hvaball150

Жыл бұрын

it's a big for profit business.

@cutehumor

Жыл бұрын

exactly. people need to stop giving student loans to these knuckleheads. dr. delony was one of them

@front331

Жыл бұрын

No they haven't.

@stephenshelton4267

Жыл бұрын

That was my thought too. It reminds me of Pocahontas who was earning over $400K doing part time work at Harvard, now she has the audacity to act like she's fighting for the students when she was part of the problem. She's probably still getting some sort of check grom them like a pension or something.

Great solid advice! Keep up the good work.

Dude got himself a sugar mama, lol

I just amazes me what a complicated mess a couple can find themselves in, at only 32! Even Dave seemed reluctant to go near it. I hope they can disarm this ticking time bomb before it blows up their entire marriage.

When a significant drop in income occurs you need to switch your investments to Beans and Rice Inc.

Agree with Dave here how the initial decision was too extreme. There is always a middle ground and in this case the wife at least keeping some hours seems like a good option. Usually it's the middle ground is where two people in a relationship can both feel fulfilled 😊

If she can stay in academia @ ($200k) a year with the family in that (worth $380k) paid off house in MN while selling A) the Austin house (worth $950k, owe $540k), plus B) that commercial building (worth $300k, owe $170k in MN) that seems like a nicely streamlined situation to me. 🤷‍♂️

Wow, people like to complicate their lives because they just made their lives this complicated, and they are thinking to make it more complicated. That's not a business that is a failure.

They act like living on 45k after living a live on 200 plus k will be a walk in the park, theyare wrong.

@arga400

Жыл бұрын

It's absolute insanity, this would absolutely devastate their family and it will be her fault. As a parent you need to place your kids before yourself and if that means working a job you hate you work a job you hate.

Clearly the best thing for the financial health of this family is for Dad to be the stay at home parent. And if the Dad was the 200K earner wanting to be a stay at home parent, Dave's tune would be 100% different. But I can understand Mom's position. What I do not understand is what the question is about. Only way to make this work is to move to whichever city this guy's business is in, sell the house in the other city. Use the profit from that home sell to payoff the business building and this guy then needs to really lean into the business to start making real income. Sounds like we are spoiled here where she wants to be stay at home, but not actually leave the city she is currently in and he doesn't want to give up his little hobby business and half-time work schedule.

@matthewgardner2144

Жыл бұрын

Right? They can do anything they want, they just can't do EVERYTHING they want.

The bread winner wanting to throw it all away and stay home is the irresponsible one.

@ksksjd

Жыл бұрын

I think that the man should go to the office full time and pay himself more!

@besweeeet2

Жыл бұрын

@@ksksjd Why? It sounds like the man has more free time available to take care of kids while still making some money on the side, so he should be the one to be a stay-at-home parent.

@godfathaofyo

Жыл бұрын

ding ding ding!!!

@leorphic777

Жыл бұрын

She was the one who had the children. He should have stepped up years ago

@godfathaofyo

Жыл бұрын

@@leorphic777 Because she birthed the children, she automatically gets to be the one stays at home? This is a very simple math equation. $220k vs $45k ($90-100k if he works full time)

We are at a more modest income level but when our kids were little we lived off just my paycheck. The reason we were able to function was due to the fact that our home (mortgage) wasn't out of control, it was a small, low cost home. Still, when I say we lived off just my paycheck, I really mean that from time to time I worked a part time job, my wife worked a part time job, together we had paper routes and cleaned short term rental properties together. But as comment in reality how does one expect to pay utilities, upkeep, insurance and property taxes on not one but two homes 100s of miles apart when one is worth almost a million dollars value, plus a commercial building, plus raise kids, on $40K/year?

It took a 200k drop in income for Dave to actually side with the idea of the Woman working 😂 Dave usually hates men in the situations and tells them to work 16 hour days

So she’s the breadwinner of the family…

@hoiendehe

Жыл бұрын

Yeah she has OnlyFans

@Rick-of6gx

Жыл бұрын

@@hoiendehe lol probably

@sayitamilliontimes7125

Жыл бұрын

Shes probably a professor at UT-Austin or St. Edward’s

@hoiendehe

Жыл бұрын

@@sayitamilliontimes7125 no she does OnlyFans

@Jane5720

Жыл бұрын

Yes in Mn

3:30 Dave can you actually not find a way to word that any better🤣

another example of... "the longer you stay in school the less intelligent you become"

I know the feeling as a mom to absolutely want to be the one raising my kids full time. Hope it works out so she gets more time with her babies. It really does go by fast.

@Guffb

Жыл бұрын

She already gets to be for part of the time in this situation.

@natefreeman1466

Жыл бұрын

Imagine how men have felt for generations…

The best and hardest job you will ever have is being a stay at home parent and that is the best case scenario for your child/children. The fact that people don't understand this is due to ignorance.

@lauren4078

Жыл бұрын

More due to social engineering...

@johnSmith-uz8nl

Жыл бұрын

@@lauren4078 i don't understand and that is after I used a dictionary.

Moving close to family is usually a good plan.

He needs to leave his job/business and she keeps working 😂

Live on nothing so when you have nothing you can live on nothing. Hey look at that. Works out in the end.

@donjohnson1416

Жыл бұрын

YUP! Living the high life. They are what Dave calls BIG HAT NO CATTLE!! lol.

Hmm, interesting advice.

She makes $200k+ and he makes $45k...?......talk about reverse hypergamy!

Is this a case of the wife being bitter about bringing in the largest portion of income? Saying I want to sit down and let you step up and provide for the family.

@TheSoulCrisis

Жыл бұрын

Hmmmm is possible, but also possible she really wants to raise the kids and not pay for ridiculously expensive daycare. A mom or dad should definitely be home for the first year or two for a new kid, it has so many benefits imo.

@n1k01k0

Жыл бұрын

@@TheSoulCrisis I agree.

@TheSoulCrisis

Жыл бұрын

@@n1k01k0 Yeah, not paying for daycare is one big edge but also avoiding developmental setbacks early on is a natural win in the process.

Better for her to keep her job and you to become Mr. Mom. Sell the home that has the most tax-free capital gain. Sell the business if you can exit the lease.

45k especially in Austin or MN is NOTHING! Both places are expensive. Mom stays working, dad stays home. Period.

Maybe he should be the stay at home “mom” and wife keep her $220k income

Cover your outgoings as much as possible be as much payment free as possible and try to have a little passive income.

The important is your house. If your mortgage is paid off, she can work part time that should be enough. Like Dave said, they need to be intentional where they want to live.

This whole scenario is bizarre. How do people construct such stuff? How to reconcile it is so very clear, but apparently not to this couple. Oh well.

He Rubbed That Hard In His Face. 😂😂😂

No one had to stay home. They can both work like we did. We had kids and they turned out great.

If he’s making 45k working half the year then can he not at least double his income if he works the full year?

@whitneyw.7919

Жыл бұрын

yes, and it would still be stupid AF for her to leave her $225K professor job

Sorry pal, you don't have a stay-at-home wife, you just became a stay-at-home dad.

Could she teach a single online college course, hiring a nanny or having Dad stay home one day a week? I would think she could bring in a few $10K just working one day a week. This would make their situation doable but she would only have one work day away from the kids.

Dave is saying take small steps and move slowly towards your goal.

Equal opportunity for women. Sounds like she needs to woman up and work full time and he needs to be a stay at home dad.

@blackworldtraveler3711

Жыл бұрын

He wanted marriage and kids. She’s staying home and he’s working.

@texan903

Жыл бұрын

@@blackworldtraveler3711 oh, how times have changed. Their current arrangement is great. Wife just needs a good vacation with the family before hopping back in the saddle.

@blackworldtraveler3711

Жыл бұрын

@@texan903 She said she wants to be a stay at home mom. Pretty much set in stone now.

@texan903

Жыл бұрын

@@blackworldtraveler3711 there's a lot of things people want to do that they don't get to, however. It's being an adult with responsibilities.

Dave, I'm a multi millionaire, my wife is quiting her job, how am ever going to serve this?

What happened here is the wife told him she's going to be a stay at home mom. He's just trying to figure out how to survive when she quits.

200 K as a professor no, no that doesn’t make sense

I see all the time with friends Moms, Dr or masters and only work for 5yrs to only stay at home.

200k for academia and not even present full-time? I think we know wherw student debt is going.. (not saying all or this situation is not worth)

No, she is NOT going to be a stay home mom unless the guy makes 500k a year

@John3.36

Жыл бұрын

Sounds like they are in debt, shacked-up together, living two separates lives with kids involved. She is probably a feminist type career woman. They just need to get married and settle down.

@summerforever6736

Жыл бұрын

Exactly

@andrewf.1598

Жыл бұрын

@@John3.36 they’re married already, and she’s the one who wants to give up work and be a stay at home mom. But she needs to keep working…

Sounds like to me the house that is paid off is the one near his work. Sell the one you owe money on and move to your work and become full time there and double your money or more. 90-100k

Dave: "Theres a lot of options in higher ed" Also Dave: "Theres not a lot of choices in higher ed"

You sell Austin. You move to Minnesota. He works full time. You let the lady be the mom she wants to be. Let the business in Minnesota either grow or change to a more profitable business.

The women is the bread 🥖 maker .. smart man

What sort of professor makes 220k a year.

@supjoehou

Жыл бұрын

The ones on onlyfans

Austin

Yeahhhhhh... Something is missing from this picture.

He should be the one staying home and his wife needs to continue to work.

They cant pay taxes insurance and maintenance on a 900k home with his income lol

@sugardaddy9992001

Жыл бұрын

Why do people do these stupid things? Living outside of what they are capable of living in.

@aolvaar8792

Жыл бұрын

@@sugardaddy9992001 I live in a $400K home with a $326/mo PITI

Someone married up... definitely....for sure.

i stopped the video so im typing this before finishing it. If they stopped using her money right now and just saved and invested it all. after two years that would be 400k invested and if they could get 10 percent return that would be an extra 40k a year just from that. he only works half a year so if he could make another 40k from working another six months doing something else then that would bring him up to 80k plus her invested money making 40k thatll be 120k. totally doable. I do believe that she shouldnt quit entirely if he isnt making alot of money. but if he is able to get his income up then i wouldnt say it is off the table.

That’s love to sacrifice that much of a lifestyle for children.

@whitneyw.7919

Жыл бұрын

or stupidity... also, they are not thinking about how rare professor jobs that pay $225K are.. not easily replaceable.

maybe he should be a stay at home dad and SHE works.

Did this guy say he makes 45k and she makes 220k? I think you need to be a stay at home dad and she needs to work.

@rongooden6545

Жыл бұрын

It’s not his decision. She decided to be a stay at home mom. You should be telling her that

@droid2D2C3P0

Жыл бұрын

She is the one who WANTS to stay home. It's not about money for her, she is the one who wants to stay home

@fauxbro1983

Жыл бұрын

Lol. That's not how women operate

@godfathaofyo

Жыл бұрын

@@rongooden6545 its rather selfish of her to put her family in that spot. What if roles were reversed. Husband makes $250k a year, wife makes $50k, and the dad says im tired of working, i want to be a stay at home dad and raise the kids. You think thats fair?

@MichaelAnderson-wk1no

Жыл бұрын

@Samantha Gray It IS about money when you are the breadwinner of the family and you have kids to support. That's called being responsible.

What world is these people living in to drop that much income with that much mortgage and two young kids. Where’s the stability????

@stevenporter863

Жыл бұрын

Completely silly. Sounds like a plan a 15 year old would come up with.

A lot of you are missing the picture. It’s not about someone being home with the kids, she just wants to be home with them. The answer isn’t for him to just stay home.

@hvaball150

Жыл бұрын

yes. she is so sick of what she is doing to these kids that she just wants out morally.

@luminous6969

Жыл бұрын

Sounds to me like he should stay home and raise the kids and she should go out and make the money since she makes so much, so it's only logical. If you don't think that's a good idea, remember that she wants to do the exact same thing just with the shoe on the other foot but with way less income.

@jimmymcgill6778

Жыл бұрын

They cannot afford for her to stay at home.

@OtisFlint

Жыл бұрын

She doesn't get that luxury in this situation.

@MichaelAnderson-wk1no

Жыл бұрын

Life isn't always about what we "want." Sometimes, you just have to do what makes the most sense to take care of your family.

He should have his had his wife call 😆

Why does this caller sound like George Kamel lol! side note*

So if she becomes a stay at home mom, how come his income doesn't go up?

Sounds like wealth affect, be careful.

Good for this guy, he lives off his wife. The American 🇺🇸 Dream

Professor making 220k a year. That's why college is ridiculously expensive

He is bringing in no money! She is staying home makes no sense! What a disaster

Well if he's making significantly less the answer would be she works and he stays at home or they become significantly poorer. But her emotions so no matter what husband gets the blame and or the boot.

Didn't know professors made over 200k a year. That's awesome. In that case, she needs to work atleast part-time to barely stay above water.

With 265K in income, why do you only have 260K in your retirement accounts?

@blackworldtraveler3711

Жыл бұрын

They are probably close to being paycheck to paycheck. Having kids,debt,multiple mortgages,expenses,two homes,unprofitable business,living beyond means,YOLO,etc. will do that.

How to manage a drop in income? Dont drop your income. Got it, thanks

Divorce in 3...2...

They are insane, wanting to live off $45k per year and savings? WHAT? Just so she can be a stay at home mom??? He should stay home.

Good grief this was hard to listen to 😪 If a man is not sick or injured, his wife should not make more money than him.

I’m a dad. My ass would be staying home wearing a dang apron if my wife made 250k a year and I made 40

Ummmm....what?

Just make more income, simple

If she stays at home can he work at the business full time? Why would you still pay yourself much less if you no longer have to watch the kids part-time?

Sounds like Brandt married up…big time.

Say goodbye to your wife

This is too complicated!!!

Wow talk about adding complexity into your life

200k salary to be a professor. I am in the wrong proffesion

@amireallythatgrumpy6508

Жыл бұрын

Did they say 'pofessor' or just 'academia'?

Austin is an expensive city, 200k doesn't go far there.

Absolutely dave, all this is unnecessary. They can do many things with their skills working remotely and care for kids at the same time without a decrease in lifestyle.