Who here is wealthy?

[ceyko]

Yeah, kids are a bigger money pit than any car/boat/hobby I have or had in the past.

Day care, yeah - we figured out real quick that my wife was going to stay at home. This year she even took on mowing the lawn - so that frees up more fishing time.

Wealth? haha, but I usually have a good time on the weekends.

[David]

I think if you worked 10 yrs at a non profit or govt employer and made 120 months of on time payments to govt student loans, at the 10 yr mark all is forgiven and wiped away.

[YALE]

I think if you worked 10 yrs at a non profit or govt employer and made 120 months of on time payments to govt student loans, at the 10 yr mark all is forgiven and wiped away.

Not worth it.

[bird_dog0347]

Kids: The worst investment since the history of ever.

Ummm... I disagree. But I wonder if you think your parents feel the same way about you? That would be pretty sad... no?

Holy balls on day care expenses. Unless the wife is making a good wage that shit is pointless.

She covers the cost of one... but not both. However, she likes her job and would go nuts staying with the kids all day every day so it's worth it to me. I make more than enough to cover up the losses so if she's happy and the kids are learning, making friends, and having fun then to me it's worth it.

BUT, I do have a special bottle of wine saved away for the day I write my last day care check.

[racrguy]

Ummm... I disagree. But I wonder if you think your parents feel the same way about you? That would be pretty sad... no?

Sad that my parents looked at the reality of the situation and left the emotion out of it? No.

Looking at having a child through the lens of a financial decision would leave one with the realization that children are a very poor investment. Emotionally, sure, you may find a lot of value in that but the fact remains that you're spending money on a child that you're never going to get back, thus making it a poor financial decision.

[Baron Von Crowder]

Sad that my parents looked at the reality of the situation and left the emotion out of it? No.

Looking at having a child through the lens of a financial decision would leave one with the realization that children are a very poor investment. Emotionally, sure, you may find a lot of value in that but the fact remains that you're spending money on a child that you're never going to get back, thus making it a poor financial decision.

says the guy who owns a race car...

[bird_dog0347]

says the guy who owns a race car...

truf!

[racrguy]

says the guy who owns a race car...

Still a better investment than a child.

[Baron Von Crowder]

Still a better investment than a child.

says the guy without children.

You are making broad statements with a lot of assumptions you have no idea about. Children arent an investment, and there is no price tag associated that you can compare it to. It's pretty damn awesome to have and raise children, and the money that it takes is inconsequential.

[slow99]

Who views children as investments?

[YALE]

Who views children as investments?

Old timey sharecroppers.

[Baron Von Crowder]

Who views children as investments?

racrguy

[ELVIS]

says the guy without children.

You are making broad statements with a lot of assumptions you have no idea about. Children arent an investment, and there is no price tag associated that you can compare it to. It's pretty damn awesome to have and raise children, and the money that it takes is inconsequential.

i'm misting up over here.....

god bless.

[ceyko]

Sad that my parents looked at the reality of the situation and left the emotion out of it? No.

Looking at having a child through the lens of a financial decision would leave one with the realization that children are a very poor investment. Emotionally, sure, you may find a lot of value in that but the fact remains that you're spending money on a child that you're never going to get back, thus making it a poor financial decision.

Logically speaking this is true.

Having kids changes perspective, but yeah they do not generate income directly. I make mine do chores, so there is some value in that.

[racrguy]

says the guy without children.

You are making broad statements with a lot of assumptions you have no idea about. Children arent an investment, and there is no price tag associated that you can compare it to. It's pretty damn awesome to have and raise children, and the money that it takes is inconsequential.

They are a financial decision, are they not? Do you not worry about how you're going to pay for things?

Logically speaking this is true.

Having kids changes perspective, but yeah they do not generate income directly. I make mine do chores, so there is some value in that.

This is an upside. I have my nephew do chores for my parents/his grandparents, as he lives in the same city they do.

I'll stick to having nieces and nephews. Having kids makes absolutely no sense to me.