Sadly giving up on early retirement and going back to work(financialsamurai.com) |
Sadly giving up on early retirement and going back to work(financialsamurai.com) |
I think that's a waaaaay bigger issue for him to address than the financial ones. Maybe there's truth to that experience but going back to avoid your children makes it seem like something is seriously out of whack here.
If you want to FIRE, don’t have kids. I have kids, they’re expensive.
The $1.5 million number is a joke
No they don’t! Think of how many couples are holding off on kids because of the housing prices.
But the production of college degrees is somewhat limited by the availability of positions, and is not infinite. Therefore, if demand rises but not the supply, the cost _must_ rise to match. Therefore, after some time, the cost of a college degree slowly grows to match the potential future value of having that degree (fuelled by free debt).
I think at some point in the last couple years, the cost of a college degree has, on average, grown to almost match the future value in earnings accounting for the debt repayment.