Check out RB40Jr’s shark teeth! Wow, that’s pretty gnarly. I thought the baby tooth is supposed to come out first before the permanent tooth shows up. His baby teeth in front are wiggling and we hope they fall out in a few days. Luckily, we had a dentist appointment scheduled and she assured us that shark teeth are pretty common. The primary teeth should come off soon and if they don’t, then we’ll go back to the dentist. I offered to tie floss to his tooth and pull it out, but he declined. Kids these days are so spoiled. My dad pulled my baby teeth out with pliers. It must have traumatized me because that’s about the only thing I remember from my early childhood. I never needed braces so I guess the pliers worked.
That’s why we’re trying to figure out how much RB40Jr should get from the Tooth Fairy. Mrs. RB40 thinks he should get 50 cents per tooth and she has begun saving the nice shiny quarters for this purpose. Oh man, that is a little cheap. I think he should get at least a buck. Even better, maybe I can get a few $2 bills from the bank for the tooth fairy. Wouldn’t that be cool?
Oh, RB40Jr just changed to a specialized children’s dentist. He was previously accompanying us to our dentist. This new dental office is really great. There are toys for the kids to play with while they’re waiting for their appointments. They have a flat screen TV mounted on the ceiling so kids can watch cartoons while they’re getting their teeth cleaned. His new dentist is really awesome, too. She’s so good with kids and it sounds like she really knows her stuff. I’m really glad we moved to this dental office. Like I said, spoiled rotten…
Anyway, I asked around and kids are making a bundle from the Tooth Fairy these days. Check it out.
- Z got $5
- O got $150 for 4 teeth! (According to RB40Jr so this might not be entirely accurate.)
- A got $10
- S got $2
I told RB40Jr that his friends’ Tooth Fairy is richer than ours. The Tooth Fairy serving the wealthy neighborhood on the hill naturally needs a larger budget than the downtown tooth fairy. The downtown tooth fairy has more clients and a ton of homeless people to attend to. Homeless people lose more teeth so our tooth fairy has to spread it around much more. So that’s why he’s not getting $150.
Actually, I’m not really into the Tooth Fairy because I lived in Thailand when I was young. My dad never gave me any money after pulling my baby tooth out. I’m lucky he didn’t charge an extraction fee. Mrs. RB40 got anywhere from a quarter to $2 for her tooth, but that was almost 40 years ago. (She had to write a long letter to the Tooth Fairy to get $2 because her mom dropped that tooth down the drain when she was rinsing it off.) I guess Mrs. RB40 doesn’t believe in inflation. I suppose we could go with 50 cents first and then increase it later.
*I read that it’s better to start off small and increase it later. If you start off with $5, you can’t go down to $1. That’s lifestyle inflation for ya.
Alright, I found a Tooth Fairy poll from Delta Dental.
Interestingly, the tooth fairy index tracks the S&P 500 pretty closely. Wow, $5 is normal now. That’s more than I thought. People can’t save for retirement, but they can give their kids $100 for 20 baby teeth? Sounds like a prioritization issue to me.
What does the Tooth Fairy pay out in your household? If you don’t have kids, how much did you get when you were young? Please include the year in your answer if possible.
*Update* He let me pull a loose tooth out this evening. It was really easy. I didn’t have time to go to the bank yet so he’ll get 4 shiny quarters for this first tooth. 🙂
For 2018, Joe plans to diversify his passive income by investing in US heartland real estate through RealtyShares. He has 3 rental units in Portland and he believes the local market is getting overpriced.
Joe highly recommends Personal Capital for DIY investors. He logs on to Personal Capital almost daily to check his cash flow and net worth. They have many useful tools that will help every investor analyze their portfolio and plan for retirement.