And this just gets the kid to 18, so it doesn’t even count sending them to college! And this is just for ONE.

For sure you can be financially frugal or reckless when it comes to kids. But I absolutely would NOT let the cost of a child dictate the decision on whether you have them. More money can be made and saved later, but deciding whether to have kids is a decision that will shape the course of your life. This is one of those “don’t let the tail wag the dog” situations. Decide whether you want to have kids, then figure out the money next.

As always, reminding you to build wealth by following the two PFC rules: 1.) Live below your means and 2.) Invest early and often.

-Jeremy