Salary.com’s ”Mom Salary Wizard” finds that Mothers should earn as much as $170,000 for raising a family! Paul Fain, president of Asset Planning Corporation, joins WBIR this Mother’s Day to honor all the moms out there.
PAUL, IT’S HARD TO PUT A MONETARY VALUE ON THE EFFORTS OF A MOM BECAUSE THEY ARE REALLY PRICELESS RIGHT!?
Absolutely. Look at the life stories of most successfully, happy adults and you will find a great mother. And it is fun to play with what Salary.com calls, “the Mother’s Day Index” just to remind us how much our mother’s do for us day-in and day-out.
SO, BASED ON THE INDEX, WHAT ARE THE PRIMARY ROLES AND RESPONSIBILITIES FOR A MOTHER?
Example Weekly Hours:
22.4 House maintenance
8.6 Computer operator (and cybersecurity)
Other roles: bookkeeper, event planner, interior designer, nurse, and more!
WHEN YOU TALLY UP WHAT THESE SUPERWOMEN DO, IT’S THE EQUIVALENT OF ABOUT A $170,000 JOB?
- Mash up the hybrid roles, consider what it would cost to hire or outsource those roles, for a 90-hour-week, and we families own Mom a CEO salary.
- Run your own numbers for your Mom: https://swz.salary.com/MomSalaryWizard/LayoutScripts/Mswl_NewSearch.aspx (for stay at home or working mom).
FAST MARKET FACT: $20 billion spent on Mother’s Day appreciation gifts
- Jewelry: $4.6 billion
- Flowers: $2.6 billion
- Cards: $813 million
QUESTION FOR OUR MONEYMAN?
Send them to Paul@assetplanningcorp.com!
You can also reach Paul by using the contact page on APC’s website.