But I only make a little more than my nanny!

Samantha Ettus, MBA explains why it's worth going back to work even if you only make a little more than the nanny.
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But I only make a little more than my nanny!

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So a lot of women come to me an they say that when they factor in the cost of child care they decide to quit their jobs, because they've done the math and their job doesn't pay much more than the baby sitter does and so it just doesn't make sense to keep working. Now here is the problem with that. That's flawed math. More than 50% of women, who want to return to work force can't. So what that means is that when you are factoring in the cost of those five baby years when you're going to need a baby sitter versus what you're going to make in those five years. That's not the math you've got to be doing. You need to be doing the math of those five years of child care versus your future earnings. So every year in the future you're going to work until you are 70-80 years old, against those five years of child care. That's the math you should be doing when you decide whether or not you can afford to quit your job.

Samantha Ettus, MBA explains why it's worth going back to work even if you only make a little more than the nanny.

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Samantha Ettus, MBA

Lifestyle Expert for Working Moms

Sam is the leading lifestyle and parenting expert for working women. Since earning her undergraduate and MBA degrees from Harvard, Sam has coached thousands of women - celebrities, entrepreneurs, top CEO's and professional athletes - who aim to perform at the highest levels in both their professional and personal lives.

Sam is a bestselling author of four Random House books and a Contributor to Forbes and Disney’s parenting site, Babble. She hosts a nationally syndicated radio show for working moms and the Conference for Women’s monthly radio show, “Office Hours.”

Sam hosted leading online talk show, Obsessed TV and is known for her interviewing skills. She has interviewed countless luminaries from Al Roker to Bethenny Frankel and Mary J. Blige. Sam has made hundreds of local and national TV appearances and is a sought after speaker at corporations, conferences and colleges.

Sam aims to practice what she preaches in her daily life as a mother of three and wife of entrepreneur, Mitch Jacobs. 

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Transcription: 
So a lot of women come to me an they say that when they factor in the cost of child care they decide to quit their jobs, because they've done the math and their job doesn't pay much more than the baby sitter does and so it just doesn't make sense to keep working. Now here is the problem with that. That's flawed math. More than 50% of women, who want to return to work force can't. So what that means is that when you are factoring in the cost of those five baby years when you're going to need a baby sitter versus what you're going to make in those five years. That's not the math you've got to be doing. You need to be doing the math of those five years of child care versus your future earnings. So every year in the future you're going to work until you are 70-80 years old, against those five years of child care. That's the math you should be doing when you decide whether or not you can afford to quit your job.