If you are so fortunate to only have to work a 9to5, there is no excuse to waste these years.
How many musicians do you know that play in clubs? Most are working two restaurant jobs, renting a room, and scraping money together to buy strings, just for the chance to entertain a crowd for little or no pay.
Don’t forget your commute. And you’ll still need your wife to get the kids to school and pick them up. Hope you earn enough for that and she’s happy st home. And you should help out with dinner and the lunches and homework. And when you get the kids to bed it’s 8 and you’re exhausted.
Last month I moved back to London for a contract job. Yes it pays well, but because of the hours I basically have no life. I leave at 7:30, get to the office just before 9, work until 7, then head home and arrive around 8:30.
I really wish part time work was more of a thing in this industry...
I’ve been contracting in London for about 8 years now. In the last 2-3 years one of my primary criteria is that i only work till 5 and at least one day from home. Some of my best contracts, both professionally and financially came after implementing this filter. There’s hope.
The point of modern society would seem to be to enable the existence of people so wealthy they are practically gods and never have to work, except on what they want to.
My kids are worth more than all the money in the world as far as I'm concerned. Besides, there's a lot of cushion in that $1,000,000 figure. Frugality is so underrated.
Agreed. If raising a child were to cost $1M in 20 years, that would average $50k/year. I earn about as much and have two kids, so I imagine I would have noticed if it was that expensive.
Factoring in 5-7% annual return on investment, it's only about 25-30k per year, not 50k. (Given P(0) = 0 and P(n) = P(n-1) * 1.07 + $25,000, P(20) would be $1,024,887.31.) Perhaps still a bit high, but not too far off, especially considering that the second child probably has a lower marginal cost than the first.
Fair point, although most people don't get that kind of ROI for their extra money in practice (instead most of the money is "lost" in all kinds of fun things).
I could argue that $25k/year is still very high compared to my experience, but I have no idea how much daycare, healthcare and education cost in the US. It probably makes no sense to compare costs to a country where I would earn over double my current income...
This comment elegantly displays what's wrong with modern society.
Yes, kids require a lot of things that cost money and a lot of time from the parents. Yes, they make you significantly less productive at work when something is wrong. Yes, life is much easier without kids.
But having and raising children is literally one of the most natural things to want to do with your life. A culture that views children mostly as inconveniences is a sick culture.
One could argue that many of the artificial things are there just to counter the negatives of other artificial things just to keep the whole thing going.
How many musicians do you know that play in clubs? Most are working two restaurant jobs, renting a room, and scraping money together to buy strings, just for the chance to entertain a crowd for little or no pay.
It's all perspective, really.