Kids or Retirement
Our folks came from large families. Especially our Dads because they came from farming families and that seemed to be the thing to do. Have a lot of kids and they can help on the farm. Now a days with the high cost of living or the high living lifestyles that so many people have it is hard to have large families. Some people have one or two kids and others choose not to have any kids and have a pet.
Nothing wrong with having a pet instead of kids if your financial situation or lifestyle doesn’t fit for having a kid. For instance, I always had Labs. They were the best dogs for us.
For instance, Labs were always happy to see you where kids ages 12 to 22 aren’t always excited to see their parents. My dogs cost less money per year than our kids did. Both Kids and Dogs need to be potty trained but Dogs seem to learn faster. My Labs were protective and good guard Dogs where a lot of time our Teenagers are in their rooms playing Video Games. Our Labs we would be with us most of the time when we are home and Teenagers we hardly see. Our Labs didn’t complain and want stuff like our Teenagers do. Labs don’t take long showers or stay in the bathroom for an hour like a Teenager. You have no car expenses or clothing expense each year for a Dog either. The list could go on.
Kids are great don’t get me wrong. I love our 4 kids. But there are times they drive me nuts. Kids are most loveable from around age 2 to age 12. They say kids come back after they are in their twenties. I have not seen that from my two older kids but with the Divorce from my first wife she bought their love and brained washed them. Hopefully they will come around someday and meet their brothers, step Mother and be apart of our family. If they don’t then it is there loss. I know our boys want to get to know them. Plus, Darlene would love to have another girl in the house. Maybe also our boys will get married someday and then we can have more girls in the house. LOL
We teach our boys to have Financial Planning meetings with their future spouse and after they are married about their Financial Freedom goals, plans, budgets, desires and more. I have worked with couples in the past that didn’t have these talks until it was too late because it was uncomfortable. Then most of them was at a point of no return. Money is one of the major reasons for Divorce.
We taught them that they should also go to a Church for Pre-Marital Classes. If they have a problem talking about money issues then to find a third person that they both trust to talk with them. It could be a Financial Planner, Accountant, Lawyer or a Financial Coach like myself.
Remember this show is for entertainment only and you should seek advice from your Financial team if you have any questions on Investing. See my Disclaimer on MillsWay.com. I want to help you prepare for an unexpected bill so you don’t go into debt paying on a bill. I want everyone to live Debt Free and reach their Financial Freedom goals.
If they both aren’t on the same page before they get married it will make it harder to be on the same page with Money issues once they are married. It will be hard to spend less then they make and to Invest enough money to reach their Financial Freedom goals or ever Retire.
The people that can’t talk about Money or plan for their future then they would be a great candidate to have a dog. Besides Money there are so many things to discuss before getting married to make sure each of them knows the others desires and what they think being married should be like.
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We hope everyone hits their Financial Freedom Goals from our family – The Mills Family.
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