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	<title>Comments on: The Two Income Trap &#8211; Book Review</title>
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	<link>http://www.four-pillars.ca/2008/01/29/the-two-income-trap-book-review/</link>
	<description>Investing and Personal Finance</description>
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		<title>By: Festival Of Frugality Superbowl &#124; beingfrugal.net</title>
		<link>http://www.four-pillars.ca/2008/01/29/the-two-income-trap-book-review/comment-page-1/#comment-3523</link>
		<dc:creator>Festival Of Frugality Superbowl &#124; beingfrugal.net</dc:creator>
		<pubDate>Tue, 05 Feb 2008 12:01:41 +0000</pubDate>
		<guid isPermaLink="false">http://www.four-pillars.ca/2008/01/29/the-two-income-trap-book-review/#comment-3523</guid>
		<description>[...] The Two Income Trap - Book Review at Four Pillars.&#160; Why are so many families dependent on two incomes?&#160; This book sheds some light on the subject. [...]</description>
		<content:encoded><![CDATA[<p>[...] The Two Income Trap &#8211; Book Review at Four Pillars.&nbsp; Why are so many families dependent on two incomes?&nbsp; This book sheds some light on the subject. [...]</p>
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		<title>By: Four Pillars</title>
		<link>http://www.four-pillars.ca/2008/01/29/the-two-income-trap-book-review/comment-page-1/#comment-3367</link>
		<dc:creator>Four Pillars</dc:creator>
		<pubDate>Thu, 31 Jan 2008 05:33:49 +0000</pubDate>
		<guid isPermaLink="false">http://www.four-pillars.ca/2008/01/29/the-two-income-trap-book-review/#comment-3367</guid>
		<description>Wow, sounds pretty exciting.

I remember you mentioning a fiance - congrats on the wedding!  - It&#039;s always nice to get it over with! :)

Mike</description>
		<content:encoded><![CDATA[<p>Wow, sounds pretty exciting.</p>
<p>I remember you mentioning a fiance &#8211; congrats on the wedding!  &#8211; It&#8217;s always nice to get it over with! <img src='http://www.four-pillars.ca/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' /> </p>
<p>Mike</p>
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		<title>By: Gates VP</title>
		<link>http://www.four-pillars.ca/2008/01/29/the-two-income-trap-book-review/comment-page-1/#comment-3364</link>
		<dc:creator>Gates VP</dc:creator>
		<pubDate>Thu, 31 Jan 2008 05:19:06 +0000</pubDate>
		<guid isPermaLink="false">http://www.four-pillars.ca/2008/01/29/the-two-income-trap-book-review/#comment-3364</guid>
		<description>Thanks Mike;

Kind of a new job. I worked for &lt;a href=&quot;http://le.ca&quot; rel=&quot;nofollow&quot;&gt;these guys&lt;/a&gt; doing general software consulting. We also made this neat Social Networking advertising platform (&lt;a href=&quot;http://cubics.com/&quot; rel=&quot;nofollow&quot;&gt;Cubics&lt;/a&gt;) that went critical and garnered serious interest from an on-line advertising firm (&lt;a href=&quot;http://adknowledge.com&quot; rel=&quot;nofollow&quot;&gt;Adknowledge&lt;/a&gt;) in Kansas City.

So I&#039;m doing some new stuff and some old stuff (there&#039;s always new stuff) and I&#039;m learning a whole bunch and having an exciting if stressful time. I&#039;m making better money, but really, with a year or two of this type of work and I don&#039;t think money will be the issue: I&#039;ve added more relevant bullet points to my resume in the last 12 months than I did in the 2 years prior :)

If I haven&#039;t posted in a long time, I&#039;ve still been reading, but I&#039;m typing this into my laptop on the floor of my new empty apartment. My wife (we got married over x-mas) is sleeping on our blow-up bed as our stuff careens across the midwest in a moving truck. This is a sampling of the excitement from my last two months :)</description>
		<content:encoded><![CDATA[<p>Thanks Mike;</p>
<p>Kind of a new job. I worked for <a href="http://le.ca" rel="nofollow">these guys</a> doing general software consulting. We also made this neat Social Networking advertising platform (<a href="http://cubics.com/" rel="nofollow">Cubics</a>) that went critical and garnered serious interest from an on-line advertising firm (<a href="http://adknowledge.com" rel="nofollow">Adknowledge</a>) in Kansas City.</p>
<p>So I&#8217;m doing some new stuff and some old stuff (there&#8217;s always new stuff) and I&#8217;m learning a whole bunch and having an exciting if stressful time. I&#8217;m making better money, but really, with a year or two of this type of work and I don&#8217;t think money will be the issue: I&#8217;ve added more relevant bullet points to my resume in the last 12 months than I did in the 2 years prior <img src='http://www.four-pillars.ca/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' /> </p>
<p>If I haven&#8217;t posted in a long time, I&#8217;ve still been reading, but I&#8217;m typing this into my laptop on the floor of my new empty apartment. My wife (we got married over x-mas) is sleeping on our blow-up bed as our stuff careens across the midwest in a moving truck. This is a sampling of the excitement from my last two months <img src='http://www.four-pillars.ca/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' /> </p>
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		<title>By: Four Pillars</title>
		<link>http://www.four-pillars.ca/2008/01/29/the-two-income-trap-book-review/comment-page-1/#comment-3363</link>
		<dc:creator>Four Pillars</dc:creator>
		<pubDate>Thu, 31 Jan 2008 05:08:58 +0000</pubDate>
		<guid isPermaLink="false">http://www.four-pillars.ca/2008/01/29/the-two-income-trap-book-review/#comment-3363</guid>
		<description>Great comment Gates - I was hoping for some comments from the US to let us know what is going on down there - sounds like it&#039;s a bit different than up here.

So did you get a new job?

Mike</description>
		<content:encoded><![CDATA[<p>Great comment Gates &#8211; I was hoping for some comments from the US to let us know what is going on down there &#8211; sounds like it&#8217;s a bit different than up here.</p>
<p>So did you get a new job?</p>
<p>Mike</p>
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		<title>By: Gates VP</title>
		<link>http://www.four-pillars.ca/2008/01/29/the-two-income-trap-book-review/comment-page-1/#comment-3359</link>
		<dc:creator>Gates VP</dc:creator>
		<pubDate>Wed, 30 Jan 2008 22:39:05 +0000</pubDate>
		<guid isPermaLink="false">http://www.four-pillars.ca/2008/01/29/the-two-income-trap-book-review/#comment-3359</guid>
		<description>Hey guys;

I&#039;ve got a &lt;i&gt;&quot;big thought&quot;&lt;/i&gt; here (and we know how that can go), so I&#039;ll try to be brief. I&#039;ve only been here a month

There are two Americas (not North and South, haha), two very distinctly American lifestyles. There are two Canadas, but to a much smaller extent. Lack of universal healthcare and less government support of social programs (at many levels) has exacerbated the &quot;two Americas&quot; difference.

There is a deep-founded belief that education (&lt;i&gt;i.e.:&quot;going to college&quot;&lt;/i&gt;) is the path from the bad america to the good america. In a land where a college degree can be the difference between funded healthcare or &lt;b&gt;no healthcare at all&lt;/b&gt;, that&#039;s a big deal. So parents do everything they can to get into the good school systems.

Now, from a Canadian perspective this seems pretty nuts. Canadian schools (based on my Winnipeg/Saskatoon experience) fall under one of 4 categories: private, rural, big city &quot;rich&quot;, big city &quot;not-so-rich&quot;. But all of the public schools get much of the same funding. The &quot;rich&quot; schools might have more active parents or more possibility for &quot;ski/band&quot; trips, and the &quot;poor&quot; schools are more likely to get special programs for pregnant mothers or extra opportunities for technical vocational schools nearby. All things considered, kids have &quot;pretty good&quot; opportunities no matter where they go.

The US is &lt;i&gt;totally&lt;/i&gt; different. I&#039;m living in KC, MO right now. Kids in Johnson county (KS) have access to one of the best public library systems in the US. The schools are top-notch, filled with opportunity and 75% of the kids go to college. Cross State Line road and suddenly you&#039;ll get high schools with 10% throughput to college on top of drop out rates of 30%+ You get schools with metal detectors and security guards.

And Kansas City isn&#039;t really bad, some cities have it worse.

So it&#039;s no surprise that people &quot;kill themselves&quot; to live in these areas, picking the wrong spot isn&#039;t a matter of missing out on ski trips, it&#039;s a huge difference. Now maybe it&#039;s a self-fulfilling prophecy, with schools being funded at the county level, active parents seek out active counties and the good &quot;attracts&quot; the good.

Of course, there&#039;s also a whole class of people who will spend 3 hours/day commuting to have their kids in good schools, ignorant of the fact that their presence good likely &quot;make up&quot; for many school deficiencies.

Either way, I&#039;m not trying to invalidate other&#039;s comments here. I just think that it&#039;s important to recognize that the American reality can be quite different from the Canadian reality.</description>
		<content:encoded><![CDATA[<p>Hey guys;</p>
<p>I&#8217;ve got a <i>&#8220;big thought&#8221;</i> here (and we know how that can go), so I&#8217;ll try to be brief. I&#8217;ve only been here a month</p>
<p>There are two Americas (not North and South, haha), two very distinctly American lifestyles. There are two Canadas, but to a much smaller extent. Lack of universal healthcare and less government support of social programs (at many levels) has exacerbated the &#8220;two Americas&#8221; difference.</p>
<p>There is a deep-founded belief that education (<i>i.e.:&#8221;going to college&#8221;</i>) is the path from the bad america to the good america. In a land where a college degree can be the difference between funded healthcare or <b>no healthcare at all</b>, that&#8217;s a big deal. So parents do everything they can to get into the good school systems.</p>
<p>Now, from a Canadian perspective this seems pretty nuts. Canadian schools (based on my Winnipeg/Saskatoon experience) fall under one of 4 categories: private, rural, big city &#8220;rich&#8221;, big city &#8220;not-so-rich&#8221;. But all of the public schools get much of the same funding. The &#8220;rich&#8221; schools might have more active parents or more possibility for &#8220;ski/band&#8221; trips, and the &#8220;poor&#8221; schools are more likely to get special programs for pregnant mothers or extra opportunities for technical vocational schools nearby. All things considered, kids have &#8220;pretty good&#8221; opportunities no matter where they go.</p>
<p>The US is <i>totally</i> different. I&#8217;m living in KC, MO right now. Kids in Johnson county (KS) have access to one of the best public library systems in the US. The schools are top-notch, filled with opportunity and 75% of the kids go to college. Cross State Line road and suddenly you&#8217;ll get high schools with 10% throughput to college on top of drop out rates of 30%+ You get schools with metal detectors and security guards.</p>
<p>And Kansas City isn&#8217;t really bad, some cities have it worse.</p>
<p>So it&#8217;s no surprise that people &#8220;kill themselves&#8221; to live in these areas, picking the wrong spot isn&#8217;t a matter of missing out on ski trips, it&#8217;s a huge difference. Now maybe it&#8217;s a self-fulfilling prophecy, with schools being funded at the county level, active parents seek out active counties and the good &#8220;attracts&#8221; the good.</p>
<p>Of course, there&#8217;s also a whole class of people who will spend 3 hours/day commuting to have their kids in good schools, ignorant of the fact that their presence good likely &#8220;make up&#8221; for many school deficiencies.</p>
<p>Either way, I&#8217;m not trying to invalidate other&#8217;s comments here. I just think that it&#8217;s important to recognize that the American reality can be quite different from the Canadian reality.</p>
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		<title>By: Four Pillars</title>
		<link>http://www.four-pillars.ca/2008/01/29/the-two-income-trap-book-review/comment-page-1/#comment-3340</link>
		<dc:creator>Four Pillars</dc:creator>
		<pubDate>Wed, 30 Jan 2008 04:57:21 +0000</pubDate>
		<guid isPermaLink="false">http://www.four-pillars.ca/2008/01/29/the-two-income-trap-book-review/#comment-3340</guid>
		<description>Telly - I agree.  More money = more drugs.

Mike</description>
		<content:encoded><![CDATA[<p>Telly &#8211; I agree.  More money = more drugs.</p>
<p>Mike</p>
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		<title>By: telly</title>
		<link>http://www.four-pillars.ca/2008/01/29/the-two-income-trap-book-review/comment-page-1/#comment-3338</link>
		<dc:creator>telly</dc:creator>
		<pubDate>Wed, 30 Jan 2008 03:24:27 +0000</pubDate>
		<guid isPermaLink="false">http://www.four-pillars.ca/2008/01/29/the-two-income-trap-book-review/#comment-3338</guid>
		<description>I agree Mike.  I&#039;ve heard plenty of stories about kids that went to schools in higher end neighbourhoods that ended up dropping out of school because they got involved in &quot;rich kid drugs&quot;.  Every neighbourhood has it&#039;s own set of problems and every school has smart kids and not-so-smart kids, as well as kids that apply themselves and kids that don&#039;t.</description>
		<content:encoded><![CDATA[<p>I agree Mike.  I&#8217;ve heard plenty of stories about kids that went to schools in higher end neighbourhoods that ended up dropping out of school because they got involved in &#8220;rich kid drugs&#8221;.  Every neighbourhood has it&#8217;s own set of problems and every school has smart kids and not-so-smart kids, as well as kids that apply themselves and kids that don&#8217;t.</p>
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		<title>By: Four Pillars</title>
		<link>http://www.four-pillars.ca/2008/01/29/the-two-income-trap-book-review/comment-page-1/#comment-3337</link>
		<dc:creator>Four Pillars</dc:creator>
		<pubDate>Wed, 30 Jan 2008 03:10:37 +0000</pubDate>
		<guid isPermaLink="false">http://www.four-pillars.ca/2008/01/29/the-two-income-trap-book-review/#comment-3337</guid>
		<description>Hi Wooly - when you start posting about the house hunt then I&#039;ll email you reminders of this post/book.  :)

Mike</description>
		<content:encoded><![CDATA[<p>Hi Wooly &#8211; when you start posting about the house hunt then I&#8217;ll email you reminders of this post/book.  <img src='http://www.four-pillars.ca/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' /> </p>
<p>Mike</p>
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		<title>By: WoolyWoman</title>
		<link>http://www.four-pillars.ca/2008/01/29/the-two-income-trap-book-review/comment-page-1/#comment-3334</link>
		<dc:creator>WoolyWoman</dc:creator>
		<pubDate>Wed, 30 Jan 2008 02:47:52 +0000</pubDate>
		<guid isPermaLink="false">http://www.four-pillars.ca/2008/01/29/the-two-income-trap-book-review/#comment-3334</guid>
		<description>Interesting, I had no idea! I often wonder how people can afford to live where they do live. Especially in a small town like ours where you can&#039;t imagine how everyone makes so much money. Fortunately housing prices have been relatively affordable in most places, but now there are starting to be large homes popping up everywhere and the prices range from $500k - $750k. Yikes!
Also great to think about so we don&#039;t fall into this trap. We have already decided to move before the new baby gets old enough for kindergarten because our neighbourhood is sketchy :):)</description>
		<content:encoded><![CDATA[<p>Interesting, I had no idea! I often wonder how people can afford to live where they do live. Especially in a small town like ours where you can&#8217;t imagine how everyone makes so much money. Fortunately housing prices have been relatively affordable in most places, but now there are starting to be large homes popping up everywhere and the prices range from $500k &#8211; $750k. Yikes!<br />
Also great to think about so we don&#8217;t fall into this trap. We have already decided to move before the new baby gets old enough for kindergarten because our neighbourhood is sketchy <img src='http://www.four-pillars.ca/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' /> :)</p>
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		<title>By: Four Pillars</title>
		<link>http://www.four-pillars.ca/2008/01/29/the-two-income-trap-book-review/comment-page-1/#comment-3319</link>
		<dc:creator>Four Pillars</dc:creator>
		<pubDate>Tue, 29 Jan 2008 22:02:21 +0000</pubDate>
		<guid isPermaLink="false">http://www.four-pillars.ca/2008/01/29/the-two-income-trap-book-review/#comment-3319</guid>
		<description>Telly, I&#039;m not a big fan of the school rating system.  Some parents swear that the difference between two schools is going to affect their child for the rest of their lives...I beg to differ.

There are too many other factors at play - if you have a stupid kid it won&#039;t matter much what school they go to.  Motivation of the kid is another big factor.

That&#039;s interesting about property tax - I didn&#039;t know they were so much higher in the US.   And they make fun of us for our high income taxes?  :)

Mike</description>
		<content:encoded><![CDATA[<p>Telly, I&#8217;m not a big fan of the school rating system.  Some parents swear that the difference between two schools is going to affect their child for the rest of their lives&#8230;I beg to differ.</p>
<p>There are too many other factors at play &#8211; if you have a stupid kid it won&#8217;t matter much what school they go to.  Motivation of the kid is another big factor.</p>
<p>That&#8217;s interesting about property tax &#8211; I didn&#8217;t know they were so much higher in the US.   And they make fun of us for our high income taxes?  <img src='http://www.four-pillars.ca/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' /> </p>
<p>Mike</p>
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