After posting “How I Have Lost Over Half A Million Dollars Having Kids, So Far!”, I started thinking how many of my family and friend’s spouses work.
Let me start with our parents… both sets work. All the people I know at work, their spouse work. My boss who makes at least twice as much as I do, spouse works. Where I live, only one other neighbor’s spouse doesn’t work, the rest do. My college educated sister and brother-in-law (great people), both work. My sister is having a baby in Feb. 2010, and she claims she’s going back to work a few weeks after the baby is born. They already make more than me…
So, I decided to go out to the website: money.com to use their calculator for net worth and see what the median (the median, mind you) net worth would be for someone in our conservatively theoretical income range! The number came out to be $644,100.
And that is the median! Both my wife and I are very frugal, and based on our frugality habits, I recalculated the number… I figured for us it would be somewhere in the $800,000 to $900,000 range, Grrrr!