pulmonarymd
Junior Associate
Joined: Feb 12, 2020 17:40:54 GMT -5
Posts: 7,368
|
Post by pulmonarymd on Sept 24, 2020 19:30:13 GMT -5
I will admit to paying full price for 3 children to go to college. Not very YMAM of me, and I will fully accept whatever derision comes my way
|
|
jerseygirl
Senior Member
Joined: May 13, 2018 7:43:08 GMT -5
Posts: 4,767
|
Post by jerseygirl on Sept 24, 2020 19:37:04 GMT -5
Wow, took me almost 2 years to get my disabled from birth sister to get onto Medicaid. Looked at all bank accounts from our mom that went into a special needs trust. The funds in the trust had been used for her care and were$0 at start of the 2 year process. She was accepted about 3 years ago at 73.Then every year I had to send proof she had no more than $2000 in her checking account (SS money). She passed away in November and Medicaid looking for $$ to repay her large medical bills. Nope no money NJ is a Medicaid expansion Glad you are getting Medicaid!! I really am sorry for your experience. There may be a difference by state or based on age. I applied for ACA. They said DW and I could get a marketplace plan. We were not permitted to add the teenagers and were assigned to a Medicaid case worker who reviewed all of our paperwork - in which we hid none of our assets or income. The kids were put on a free-to-us plan. Sister had serious pulmonary problems (never smoked). Her pulmonologist was wonderful and helped her so much, Sister was Deaf and learning challenged but pulmonologist always spoke directly to her not me who was interpreter. She appreciated that he acknowledged her, many didn’t Anyway I didn’t give pulmonologist the Medicaid #, just Medicare and I paid remainder. Doctors are paid so little for Medicaid they actually lose money. He and the office weren’t aware.
|
|
Tiny
Senior Associate
Joined: Dec 29, 2010 21:22:34 GMT -5
Posts: 13,365
|
Post by Tiny on Sept 24, 2020 20:29:05 GMT -5
I will admit to paying full price for 3 children to go to college. Not very YMAM of me, and I will fully accept whatever derision comes my way No derision from me. I have no idea what your actual cost was -- and I suspect you are in a higher income bracket than my friends/relatives (which might make a "full price" pricetag in the swoon zone for one of my relatives while it was only "mildly annoying" for you. And I don't want to know what you paid.... I'm not sure it makes a difference to this discussion because it seems to me a bit like "buying a new car" as to the final price one is quoted and pays - meaning everyone going to a particular institution pays something different for basically the same product. I may be wildly off in that opinion.
|
|
pulmonarymd
Junior Associate
Joined: Feb 12, 2020 17:40:54 GMT -5
Posts: 7,368
|
Post by pulmonarymd on Sept 24, 2020 20:33:21 GMT -5
I will admit to paying full price for 3 children to go to college. Not very YMAM of me, and I will fully accept whatever derision comes my way No derision from me. I have no idea what your actual cost was -- and I suspect you are in a higher income bracket than my friends/relatives (which might make a "full price" pricetag in the swoon zone for one of my relatives while it was only "mildly annoying" for you. And I don't want to know what you paid.... I'm not sure it makes a difference to this discussion because it seems to me a bit like "buying a new car" as to the final price one is quoted and pays - meaning everyone going to a particular institution pays something different for basically the same product. I may be wildly off in that opinion. People pay wildly different prices. Just as when I went, because of our economic position, I didn’t pay full price. But there are many people who go to top name schools who pay full price, because They only give need based aide. I have no issues with the concept, but costs are out of control. My only issue is with people “gaming” the system.
|
|
pulmonarymd
Junior Associate
Joined: Feb 12, 2020 17:40:54 GMT -5
Posts: 7,368
|
Post by pulmonarymd on Sept 24, 2020 20:33:35 GMT -5
I will admit to paying full price for 3 children to go to college. Not very YMAM of me, and I will fully accept whatever derision comes my way No derision from me. I have no idea what your actual cost was -- and I suspect you are in a higher income bracket than my friends/relatives (which might make a "full price" pricetag in the swoon zone for one of my relatives while it was only "mildly annoying" for you. And I don't want to know what you paid.... I'm not sure it makes a difference to this discussion because it seems to me a bit like "buying a new car" as to the final price one is quoted and pays - meaning everyone going to a particular institution pays something different for basically the same product. I may be wildly off in that opinion. People pay wildly different prices. Just as when I went, because of our economic position, I didn’t pay full price. But there are many people who go to top name schools who pay full price, because They only give need based aide. I have no issues with the concept, but costs are out of control. My only issue is with people “gaming” the system.
|
|
raeoflyte
Senior Associate
Joined: Feb 3, 2011 15:43:53 GMT -5
Posts: 14,720
|
Post by raeoflyte on Sept 25, 2020 6:55:14 GMT -5
The morality question only comes up because youre self employed. If Ive been working at my 100k job for years but burnt out and I decide to switch gears take a $50k job so I can get in quality time with my family no one questions the morality of my decision.
If you were working a w2 job that gave you access to employer health insurance your medicaid question wouldnt exist. It sounds like you are confident that you could make that other 30k, but how many more hours would that take? Not all free lancers could do that, or do that every year at least and keep reasonable work hours, so are they immoral to choose work life balance?
I think the issue is more in the system, and the best way to fix said system is to vote and work for social change.
|
|
Deleted
Joined: Apr 25, 2024 17:43:24 GMT -5
Posts: 0
|
Post by Deleted on Sept 25, 2020 9:01:37 GMT -5
I'm all for availing yourself of whatever government programs there are to help if you find yourself in reduced circumstances or because of illness or disability. Availing. Not taking advantage.
I've been thinking long and hard about this since it was first posted, and have come to the conclusion that because you can doesn't mean you should. There are those who can't make it any other way and those who choose not to bother to make it any other way even though for them it's well within the realm of possibility. Taking advantage may be legal, but there are these things called personal integrity and self-respect.
My mother was an amputee with a serious heart condition and circulatory problems. She had three undergrad degrees and a master's, and the first undergrad degree was paid for through student loans that were repaid. She didn't work after age 57 because she couldn't, but up until that time, she worked and paid taxes. She was entitled to her benefits, but every three months she had to be recertified for food stamps. You know, in case she grew a new leg or had a miraculous recovery from CHF or Reynaud's.
She was educated and qualified to do much, so it was a source of great shame to her that she had to go on the dole. For those of you who are educated and qualified to do more but who don't because you'd be disqualified from pulling up to the public trough, the shame is yours.
ETA: It's called gaming the system when it's one of those so-called welfare queens buying lobster and paying for it with the EBT card she fished out of her Coach purse, yet when y'all find a way, that's a horse of a different color. Of course it is.
|
|
raeoflyte
Senior Associate
Joined: Feb 3, 2011 15:43:53 GMT -5
Posts: 14,720
|
Post by raeoflyte on Sept 25, 2020 9:32:29 GMT -5
I'm all for availing yourself of whatever government programs there are to help if you find yourself in reduced circumstances or because of illness or disability. Availing. Not taking advantage. I've been thinking long and hard about this since it was first posted, and have come to the conclusion that because you can doesn't mean you should. There are those who can't make it any other way and those who choose not to bother to make it any other way even though for them it's well within the realm of possibility. Taking advantage may be legal, but there are these things called personal integrity and self-respect. My mother was an amputee with a serious heart condition and circulatory problems. She had three undergrad degrees and a master's, and the first undergrad degree was paid for through student loans that were repaid. She didn't work after age 57 because she couldn't, but up until that time, she worked and paid taxes. She was entitled to her benefits, but every three months she had to be recertified for food stamps. You know, in case she grew a new leg or had a miraculous recovery from CHF or Reynaud's. She was educated and qualified to do much, so it was a source of great shame to her that she had to go on the dole. For those of you who are educated and qualified to do more but who don't because you'd be disqualified from pulling up to the public trough, the shame is yours. ETA: It's called gaming the system when it's one of those so-called welfare queens buying lobster and paying for it with the EBT card she fished out of her Coach purse, yet when y'all find a way, that's a horse of a different color. Of course it is. But he tried to get her on the aca plan and was denied. The only way to get her health insurance is to go on medicaid. They qualify for free lunch, but she brings her own. If he gets a job at starbucks for $15 an hour is his morality cleared because he gets employer paid health insurance even though he only makes $30k a year now instead of 50k?
|
|
NoNamePerson
Distinguished Associate
Is There Anybody OUT There?
Joined: Dec 17, 2010 17:03:17 GMT -5
Posts: 25,687
Location: WITNESS PROTECTION
|
Post by NoNamePerson on Sept 25, 2020 9:32:32 GMT -5
Just curious if you plan on telling your son and daughter that they should underachieve when they graduate from college in order to get the same benefits you are getting? And then they tell their children to - well then it becomes a generational thing like people accuse welfare recipients of dong - pass along the same lessons?
Not passing judgment one way or the other. Just wondering how this work within families.
As for the "Morality check" I guess I'm old enough to remember being told over and over "if you have to ask" you have your answer.
|
|
raeoflyte
Senior Associate
Joined: Feb 3, 2011 15:43:53 GMT -5
Posts: 14,720
|
Post by raeoflyte on Sept 25, 2020 9:41:15 GMT -5
Just curious if you plan on telling your son and daughter that they should underachieve when they graduate from college in order to get the same benefits you are getting? And then they tell their children to - well then it becomes a generational thing like people accuse welfare recipients of dong - pass along the same lessons?
Not passing judgment one way or the other. Just wondering how this work within families.
As for the "Morality check" I guess I'm old enough to remember being told over and over "if you have to ask" you have your answer. So we're always obligated to earn the very most we can? Ive proven this year that I *can* work enough to make my bonus more than my base pay. Its turned me into a shell of a human being, a crappy mom, a person who creates a ton more waste to save time, and a an utterly worthless spouse. But I can do it, so anything less is underachieving? That is so fucked up and I'd say its a huge problem with 'merica. I am worth more than just how much money I make, and I absolutely want to teach that to my kids.
|
|
Deleted
Joined: Apr 25, 2024 17:43:24 GMT -5
Posts: 0
|
Post by Deleted on Sept 25, 2020 9:42:28 GMT -5
But he tried to get her on the aca plan and was denied. The only way to get her health insurance is to go on medicaid. They qualify for free lunch, but she brings her own.
If he gets a job at starbucks for $15 an hour is his morality cleared because he gets employer paid health insurance even though he only makes $30k a year now instead of 50k?
He has chosen to earn less. Chosen.
ETA: Of course you're not obligated to earn as much as you can and make yourself miserable doing it. You are obligated to put your education to good use to provide for yourself and your family. To be deliberate about not providing for yourself and your family because it's legal to get the government to provide for you and your family? That's obscene.
|
|
raeoflyte
Senior Associate
Joined: Feb 3, 2011 15:43:53 GMT -5
Posts: 14,720
|
Post by raeoflyte on Sept 25, 2020 9:48:24 GMT -5
But he tried to get her on the aca plan and was denied. The only way to get her health insurance is to go on medicaid. They qualify for free lunch, but she brings her own.
If he gets a job at starbucks for $15 an hour is his morality cleared because he gets employer paid health insurance even though he only makes $30k a year now instead of 50k?He has chosen to earn less. Chosen. I dont think Ive had much of a choice in earning more this year but I am absolutely working on options to allow me to earn less. Just because I can work 80 hours a week, doesnt mean I should, and that choice will come with lower income. Guess you can add me to the lazy mooch category.
|
|
raeoflyte
Senior Associate
Joined: Feb 3, 2011 15:43:53 GMT -5
Posts: 14,720
|
Post by raeoflyte on Sept 25, 2020 9:54:46 GMT -5
I'd argue too that having quality time with your highschool age kids is a good thing. Its likely the last few years youll be part of their nuclear family. That is worth more than money.
|
|
gs11rmb
Senior Member
Joined: Dec 21, 2010 12:43:39 GMT -5
Posts: 3,303
|
Post by gs11rmb on Sept 25, 2020 9:54:50 GMT -5
But he tried to get her on the aca plan and was denied. The only way to get her health insurance is to go on medicaid. They qualify for free lunch, but she brings her own.
If he gets a job at starbucks for $15 an hour is his morality cleared because he gets employer paid health insurance even though he only makes $30k a year now instead of 50k?He has chosen to earn less. Chosen. I dont think Ive had much of a choice in earning more this year but I am absolutely working on options to allow me to earn less. Just because I can work 80 hours a week, doesnt mean I should, and that choice will come with lower income. Guess you can add me to the lazy mooch category. I think your work situation sounds intolerable and you need to make the change for your own wellbeing. Working a fulltime 40-hour a week job will greatly benefit you and your family in many ways and will not mean you become reliant on government programs. The issue for the poster is that he could, apparently quite easily, increase his income significantly and therefore disqualify his family from assistance.
|
|
Deleted
Joined: Apr 25, 2024 17:43:24 GMT -5
Posts: 0
|
Post by Deleted on Sept 25, 2020 9:56:25 GMT -5
For crying out loud. Nobody called you a lazy mooch and nobody said you're required to kill yourself over your job. If your job is affecting your physical and mental health, by all means, work less.
Go back and read the OP. His decision to work very little was made in order to cash in without any real penalty to himself, apparently having nothing to do with his health or the welfare (no pun intended) of his family.
He is what's wrong with America; not you or others like you.
|
|
Deleted
Joined: Apr 25, 2024 17:43:24 GMT -5
Posts: 0
|
Post by Deleted on Sept 25, 2020 9:57:58 GMT -5
I think your work situation sounds intolerable and you need to make the change for your own wellbeing. Working a fulltime 40-hour a week job will greatly benefit you and your family in many ways and will not mean you become reliant on government programs. The issue for the poster is that he could, apparently quite easily, increase his income significantly and therefore disqualify his family from assistance.
|
|
oped
Senior Member
Joined: Aug 20, 2018 20:49:12 GMT -5
Posts: 4,676
|
Post by oped on Sept 25, 2020 10:08:17 GMT -5
I honestly didn't plan it that way. We happened to find land and begin seriously building the house in the first year that went on a FAFSA and in which we made very little money. I admit its been very difficult to convince myself to go back to work just to pay for health insurance and more private college tuition... if i worked part time I'd actually probably come out net negative.
As for what I'll tell my kids, yeah, we've pretty much come to believe that the capitalist merry go round isn't what we want to promote... have a life, do good, be happy...
|
|
oped
Senior Member
Joined: Aug 20, 2018 20:49:12 GMT -5
Posts: 4,676
|
Post by oped on Sept 25, 2020 10:11:22 GMT -5
See... I think the issue is that the system sucks...
|
|
raeoflyte
Senior Associate
Joined: Feb 3, 2011 15:43:53 GMT -5
Posts: 14,720
|
Post by raeoflyte on Sept 25, 2020 10:22:10 GMT -5
I dont think Ive had much of a choice in earning more this year but I am absolutely working on options to allow me to earn less. Just because I can work 80 hours a week, doesnt mean I should, and that choice will come with lower income. Guess you can add me to the lazy mooch category. I think your work situation sounds intolerable and you need to make the change for your own wellbeing. Working a fulltime 40-hour a week job will greatly benefit you and your family in many ways and will not mean you become reliant on government programs. The issue for the poster is that he could, apparently quite easily, increase his income significantly and therefore disqualify his family from assistance. Yes, but he's working 50 weeks a year between 2 jobs, including building a business. Maybe another $30k is easy money, but assuming $50 net per hour it comes with at least another 12 hours worked per week. (Hopefully my math is in the ballpark, I'm still mostly in the pudding boat). Are we required to work the absolute most we can at all times because we can? When Dark quit and was opening the store most posters said it was ok to use the free lunch program for his girls while he built up the business. And MPL (come back soon!) Has laid out how she has set up her income to maximize fafsa credit. Is the problem in the people, or in a system that only accomodates the 2 extremes? Even this spring many of us on the kids thread (myself included) took advantage of the free lunch and breakfast being offered by our kids schools, not because we financially needed it, but the physical and emotional benefit was a huge help during tough times, and it happened to help the school get more funding the more people who used it. I dont want to take food away from struggling people, but not using the system as set up, doesnt help those people either.
|
|
Deleted
Joined: Apr 25, 2024 17:43:24 GMT -5
Posts: 0
|
Post by Deleted on Sept 25, 2020 10:22:22 GMT -5
I just knew there would be board members who'd apply my post to their particular circumstances. My point is that the OP deliberately chose to, as I said, pull up to the public trough. It wasn't a matter of reduced circumstances, illness, or anything else that compelled him to do so. It was all there for the taking; he took and made the point that he didn't have to lie to do it.
And yanno what? A few years down the road, he's going to have a lovely retirement thanks to his "forethought" now.
|
|
raeoflyte
Senior Associate
Joined: Feb 3, 2011 15:43:53 GMT -5
Posts: 14,720
|
Post by raeoflyte on Sept 25, 2020 10:33:04 GMT -5
I'm applying my situation as it relates to the topic. I just dont see it that clear cut.
My husband chose a low paying stem career. 2 degrees, a lot of loans and he'd qualify for a ton of government assistance without my income.
How do we define the morality issue? Is it working less than 40 hours a week? Not having access to an employer subsidized insurance plan? Choosing family, health, or just work life balance over an ever increasing pay check?
|
|
Lizard Queen
Senior Associate
103/2024
Joined: Jan 17, 2011 22:19:13 GMT -5
Posts: 14,659
|
Post by Lizard Queen on Sept 25, 2020 10:34:20 GMT -5
I think your work situation sounds intolerable and you need to make the change for your own wellbeing. Working a fulltime 40-hour a week job will greatly benefit you and your family in many ways and will not mean you become reliant on government programs. The issue for the poster is that he could, apparently quite easily, increase his income significantly and therefore disqualify his family from assistance. Yes, but he's working 50 weeks a year between 2 jobs, including building a business. Maybe another $30k is easy money, but assuming $50 net per hour it comes with at least another 12 hours worked per week. (Hopefully my math is in the ballpark, I'm still mostly in the pudding boat). Are we required to work the absolute most we can at all times because we can? When Dark quit and was opening the store most posters said it was ok to use the free lunch program for his girls while he built up the business. And MPL (come back soon!) Has laid out how she has set up her income to maximize fafsa credit. Is the problem in the people, or in a system that only accomodates the 2 extremes? Even this spring many of us on the kids thread (myself included) took advantage of the free lunch and breakfast being offered by our kids schools, not because we financially needed it, but the physical and emotional benefit was a huge help during tough times, and it happened to help the school get more funding the more people who used it. I dont want to take food away from struggling people, but not using the system as set up, doesnt help those people either. I think the devil is in the details. He's sheltering his business income. How much are we talking here? Who knows? The gist I get from it is not a huge amount, but if it was a lot, it makes it less cool.
|
|
raeoflyte
Senior Associate
Joined: Feb 3, 2011 15:43:53 GMT -5
Posts: 14,720
|
Post by raeoflyte on Sept 25, 2020 10:40:54 GMT -5
Yes, but he's working 50 weeks a year between 2 jobs, including building a business. Maybe another $30k is easy money, but assuming $50 net per hour it comes with at least another 12 hours worked per week. (Hopefully my math is in the ballpark, I'm still mostly in the pudding boat). Are we required to work the absolute most we can at all times because we can? When Dark quit and was opening the store most posters said it was ok to use the free lunch program for his girls while he built up the business. And MPL (come back soon!) Has laid out how she has set up her income to maximize fafsa credit. Is the problem in the people, or in a system that only accomodates the 2 extremes? Even this spring many of us on the kids thread (myself included) took advantage of the free lunch and breakfast being offered by our kids schools, not because we financially needed it, but the physical and emotional benefit was a huge help during tough times, and it happened to help the school get more funding the more people who used it. I dont want to take food away from struggling people, but not using the system as set up, doesnt help those people either. I think the devil is in the details. He's sheltering his business income. How much are we talking here? Who knows? The gist I get from it is not a huge amount, but if it was a lot, it makes it less cool. Because he's reinvesting it in the business? I dont know a ton on that piece. To me that means there really isnt income there? I know we see loans come through for people who are certain they make enough for the loan, but we cant come up with any income for them based on tax returns. That to me says theyre working their books and are shady, but I dont really know how that ever becomes middle ground.
|
|
Clifford
Established Member
Joined: Dec 22, 2010 15:19:53 GMT -5
Posts: 422
|
Post by Clifford on Sept 25, 2020 10:43:56 GMT -5
I'm all for availing yourself of whatever government programs there are to help if you find yourself in reduced circumstances or because of illness or disability. Availing. Not taking advantage. I've been thinking long and hard about this since it was first posted, and have come to the conclusion that because you can doesn't mean you should. There are those who can't make it any other way and those who choose not to bother to make it any other way even though for them it's well within the realm of possibility. Taking advantage may be legal, but there are these things called personal integrity and self-respect. My mother was an amputee with a serious heart condition and circulatory problems. She had three undergrad degrees and a master's, and the first undergrad degree was paid for through student loans that were repaid. She didn't work after age 57 because she couldn't, but up until that time, she worked and paid taxes. She was entitled to her benefits, but every three months she had to be recertified for food stamps. You know, in case she grew a new leg or had a miraculous recovery from CHF or Reynaud's. She was educated and qualified to do much, so it was a source of great shame to her that she had to go on the dole. For those of you who are educated and qualified to do more but who don't because you'd be disqualified from pulling up to the public trough, the shame is yours. ETA: It's called gaming the system when it's one of those so-called welfare queens buying lobster and paying for it with the EBT card she fished out of her Coach purse, yet when y'all find a way, that's a horse of a different color. Of course it is. I have nothing against anyone who needs the support. I truly wish there was a stronger support network out there. If you are basically saying that because I probably could make more money, then I have an obligation to, because others can’t, then I respectfully disagree. If you are saying that these programs should be decided more on a case-by-case basis, so that those who need aid are the first to receive it or so that those who don’t need it (however that would be determined) might be excluded, then we probably have some common ground.
|
|
Lizard Queen
Senior Associate
103/2024
Joined: Jan 17, 2011 22:19:13 GMT -5
Posts: 14,659
|
Post by Lizard Queen on Sept 25, 2020 10:46:22 GMT -5
I think the devil is in the details. He's sheltering his business income. How much are we talking here? Who knows? The gist I get from it is not a huge amount, but if it was a lot, it makes it less cool. Because he's reinvesting it in the business? I dont know a ton on that piece. To me that means there really isnt income there? I know we see loans come through for people who are certain they make enough for the loan, but we cant come up with any income for them based on tax returns. That to me says theyre working their books and are shady, but I dont really know how that ever becomes middle ground. It doesn't necessarily mean there isn't income. It just means the owners aren't taking any income out of it. Kind of like dividend vs. growth stocks.
|
|
oped
Senior Member
Joined: Aug 20, 2018 20:49:12 GMT -5
Posts: 4,676
|
Post by oped on Sept 25, 2020 10:50:42 GMT -5
So we’ve been putting off getting new respirators till the next big restoration project comes in, but I’ll decide in November if we have ‘too much’ income and should just buy them this year regardless. Like I won’t sell the small lot until January. He’s working on like 7 fireplaces right now...
If you think small businesses are the only ones that make those kinds of decisions?
|
|
Clifford
Established Member
Joined: Dec 22, 2010 15:19:53 GMT -5
Posts: 422
|
Post by Clifford on Sept 25, 2020 10:55:57 GMT -5
Just curious if you plan on telling your son and daughter that they should underachieve when they graduate from college in order to get the same benefits you are getting? And then they tell their children to - well then it becomes a generational thing like people accuse welfare recipients of dong - pass along the same lessons?
Not passing judgment one way or the other. Just wondering how this work within families.
As for the "Morality check" I guess I'm old enough to remember being told over and over "if you have to ask" you have your answer. You can pass judgement. It’s basically what I asked for. Concerning our family, I was largely absent for the first 10-15 years of my kids’ lives while I was “overachieving.” I won’t apologize for being present for the last 5 years due to “underachieving,” and yes, I hope they make time for their children as well. We do discuss it with them, and they know our work history and all of our current balances. I tell them regularly that the only way they get to see me this much is because we have savings that were built through hard work, and they know that DW and I work 4 hrs a day each currently. The also know about the programs they are on. Again I question whether it would be passing along the wrong lessons if we had just delayed having kids, worked until we were 45, saved $1mil, and lived off the passive income. I think we’d still qualify for all of the stuff we are getting now because it’s all based on AGI/MAGI, not on assets.
|
|
giramomma
Distinguished Associate
Joined: Feb 3, 2011 11:25:27 GMT -5
Posts: 21,301
|
Post by giramomma on Sept 25, 2020 10:57:02 GMT -5
I'd argue too that having quality time with your highschool age kids is a good thing. Its likely the last few years youll be part of their nuclear family. That is worth more than money. Actually, I think by the time a kid is in HS, the ship has sailed for quality time. The last time DS was sort of interested in spending time with us sort of regularly was freshman year. He will watch sports with DH, and have some dinners with us. DS didn't go on vacation with us last summer. He got invited to hang out with his friends. Granted it was 5 days, but still. Even when we took our mini breaks this summer... DS didn't go on all the hikes we did. DD1 is approaching 13, and is starting to get pickier about what she wants to do with DH and i.
|
|
Clifford
Established Member
Joined: Dec 22, 2010 15:19:53 GMT -5
Posts: 422
|
Post by Clifford on Sept 25, 2020 10:58:25 GMT -5
Yes, but he's working 50 weeks a year between 2 jobs, including building a business. Maybe another $30k is easy money, but assuming $50 net per hour it comes with at least another 12 hours worked per week. (Hopefully my math is in the ballpark, I'm still mostly in the pudding boat). Are we required to work the absolute most we can at all times because we can? When Dark quit and was opening the store most posters said it was ok to use the free lunch program for his girls while he built up the business. And MPL (come back soon!) Has laid out how she has set up her income to maximize fafsa credit. Is the problem in the people, or in a system that only accomodates the 2 extremes? Even this spring many of us on the kids thread (myself included) took advantage of the free lunch and breakfast being offered by our kids schools, not because we financially needed it, but the physical and emotional benefit was a huge help during tough times, and it happened to help the school get more funding the more people who used it. I dont want to take food away from struggling people, but not using the system as set up, doesnt help those people either. I think the devil is in the details. He's sheltering his business income. How much are we talking here? Who knows? The gist I get from it is not a huge amount, but if it was a lot, it makes it less cool. The business could potentially generate about $20k/yr in income. Instead we are buying equipment and livestock. The estimated value of the business is included in the FAFSA, and anywhere else assets are listed. Eventually, we’d run out of equipment to buy, and I could squeeze it for income, probably generating up to $40k/yr.
|
|
oped
Senior Member
Joined: Aug 20, 2018 20:49:12 GMT -5
Posts: 4,676
|
Post by oped on Sept 25, 2020 10:59:09 GMT -5
But living off passive income you’d still be at the same place. My sister and her husband are on Medicaid because literally if you have little to no income now that’s where they automatically stick you. If they live simply off of investment income what is their obligation to work just so that they don’t qualify?
|
|