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Re: Kids... need some serious advice...
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Posted by Hugh MacKay on February 14, 2006 at 18:50:49 from (209.226.106.146):
In Reply to: Kids... need some serious advice... posted by Steven@AZ on February 14, 2006 at 17:14:16:
Steven: I don't know what to tell you. My good better half, a teacher, never worked outside the home after our first born. Sure it was tough, but you know something, our children now in their mid 30s have never had a brush with the law. While I have to agree with all of Paul, Paul, Tom, Howard and John, I also realize you live in a different world from what we raised children in. Like John I can't wait for their next visit. I got a suggestion for you, you two hold your fire until you get rid of those student loans. You'll be surprised how easily mumma will stay home after that. You will also be surprised just how easy it will be to provide home and living after those student loans are gone. We've got a daughter now in her 30s just starting a family. The basic difference between you and her, she is rid of her student loans, plus she and husband have equity. Equity makes compound interest an income rather than an expence.
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