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Reply to "Kids are really expensive"
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[quote=Anonymous][quote=Anonymous]I would not have had 2 kids knowing what I know now. I love my kids but if you ask me for an honest answer - of course finances will take a devastating hit. Whether you SAHM or not, there's a price to be paid for being a parent, however you slice and dice it, sooner or later. It can't be about finances if you choose kids. It's a loss for finances 1000000%! [/quote] Again, not true for everyone. It wasn't the kids that held me down but wage theft and not having visa to get a better job. Once kids were in public school, my net worth and the kids' skyrocketed. I was at home with them and I had all the time in the world for them and our finances. With very high investment returns, I caught up with everyone working. Now I'm passing worker as I don't pay earned income taxes. I pay investment taxes which are non-existent. No need to go back to work. This was available to anyone with extra couple of hundred $ a months and interest in investing. My kid is going straight to second year of college and is getting a job. We will double the money he will bring home. The kid is an asset at 18 already. He is also extremely cheap somehow shopping at Salvation army if any.[/quote]
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