Are kids a bad investment?

[Luv2Travel]

I don't want my own children, however I do have a niece and nephew that I adore and am very close to, and couldn't imagine life without! Their mother does all the chores and pays the bills while I get all the fun (although as they get older I plan to contribute to things their mother won't be able to afford such as if there is an overseas school trip or something I'd like to give them the opportunity)! It'll be these two who end up inheriting what I am building up however.

 

[Kooz]

2 wonderful girls, great husband and the IP's. They are all priceless to me.

 

[rugrat]

Children are the best motivation for investment. Yes, I could certainly invest more if I didn't have 3 kids, but I wouldn't have the reasons to do so that I do now.

 

[wobbycarly]

Didn't even consider the financial aspect of having kids. Have 2. If Wifey was younger, there'd have been at least 3 (but her +40 and me snipped puts that in the can)

 

[Mr. Fabulous]

None, thank goodness.

 

[D.T.]

None, and not really wanting any to be honest.

 

[kathryn d]

We have 4 kids.
Kids didn't detract from our investing at all.
Actually because of them, we received a lot of money from Child tax Benefits (family allowance). They made it possible to afford to invest as much as we did, sometimes.
Children are only as expensive as you want it to be.
We only bought presents at Xmas and birthdays.Takeout food once a week.Meals at home most of the time.
Yard sales, second hand stores etc are great.

They are all healthy adults now.

 

[geoffw]

Father in Law (early 80s) wants to build student accommodation in Mexico.

To finance it, he approaches the investment he made many years ago. His children.

(Though the land he is building it on belongs to her).

 

[RPI]

4 kids under 8 and number 5 dues in feb

 

[Gordon Gekko]

4 kids under 8 and number 5 dues in feb

Well done RPI

The way I look at it, I have so many kids, 1 of them are bound to look after me when i'm old

At least 8 people have 5 or more kids, that is fantastic

GG

 

[Luv2Travel]

4 kids under 8 and number 5 dues in feb

OMG imagine dinner time!
It drives me bananas helping with dinner with my niece & nephew once a week. The girl especially sqirms in her chair for ages with a mouth full of food which she won't swallow. Luckily I'm the aunt and it's only once a week so I can bribe them with a Freddo Frog, but every night without bribery... WOAH you guys have patience!

 

[josko]

Hi Gordon,

They certainly are expensive little critters!

Lessons per week:

Dancing x 3
Band x 2
Basketball x 1
Swimming Lessons x 1

That's not to mention the so called "free" public schooling system with sports fees weekly and camps at $300 plus a pop.

I passed up a very good employment opportunity and threw the towel in on a promising career when I found out I was pregnant with my first.

But yes, we wouldn't swap them for a million properties.

Regards JO

 

[Corey Batt]

My partner and I look at having kids as the personal "recession we had to have" - little buggers will put the missus' out of action as I have my views towards child rearing in the early years ruling out any possibility of child care.

 

[DJBarnstar]

One on the way! And boy am I nervous.

 

[josko]

Congrats Dj,

Many happy years ahead for you. Enjoy while they are young and dependant, stay in one spot and don't answer back!

Regards JO

 

[Gordon Gekko]

One on the way! And boy am I nervous.

It gets easier after the 3rd one

GG

 

[josko]

It gets easier after the 3rd one

GG

I'll second that.

Regards JO

 

[Gordon Gekko]

Congrats Dj,

Many happy years ahead for you. Enjoy while they are young and dependant, stay in one spot and don't answer back!

Regards JO

My 12yo boy has just started to answer me back, I dare not answer him back, he is bigger than me

GG

 

[josko]

My 12yo boy has just started to answer me back, I dare not answer him back, he is bigger than me

GG

Ditto again - Aren't they gorgeous. Little men in the making.

Regards JO

 

[Leandro]

My 12yo boy has just started to answer me back, I dare not answer him back, he is bigger than me

GG

Wow, my daughter answers back already and she is only 2!