26 responses

  1. MoneyReasons
    March 1, 2010

    @youngandthrifty
    Late 20’s…

    Ah yes, post-graduate work, the range I put forth was just a recommened range. Although everybody says 40 is the max. limit to be safe…

    Hehe, looks like the 40 limit, you already know about! Cool!

  2. Money Reasons
    March 1, 2010

    Very true!

    I remember when I was 18 thru 21. I would have been a horrible father, especially while in college. The following years 22 thru 25 I was way to much into establishing my career. And I admit, I also wanted to have fun first… :)

    When we had our kids, I had settled down and actually enjoyed the experience! This enabled me to focus on them, and make them a top priority!

  3. Ryan @ Planting Dollars
    March 1, 2010

    As a 23 year old bachelor, the word children sends a shiver down my spine, lol.

    I think I have a bit of your original mentality and will have to have a wife to knock me out of it… however that’s the trick… finding the wife who wants to backpack around the world and dive with sharks… hmmmm

    I was always one for holding off with children though since my dad worked a lot when I was younger so that my mom could stay at home with us kids. It was kinda fun looking back as I saw them struggle to where they are now and allowed me not to be a spoiled brat. Now I’m just rambling, which means you’ve got a good post… got my wheels spinning…
    .-= Ryan @ Planting Dollars´s last blog ..Why Ideas are Like Sperm =-.

  4. Money Reasons
    March 1, 2010

    @Ryan
    I hear you there brother! I honestly couldn’t imagine being a dad at 23, or even at 25!

    Thanks about the post. I was surprised how deep it took me. I guess, I was kind of talking to a younger me (along with Mrs. Money at ultimatemoneyblog.com). To say I was hesitant to make the jump would be an understatement. I’m very happy about the timing now, but back then, I felt like it was going to be like prison!

    I think it’s great that you are living such an exciting life, a lot of us are living vicariously through your adventures!

    Thanks for stopping by and the best of luck and fortune to you!!!

  5. Brian @ bibledebt.com
    March 1, 2010

    Some things in life should not be skipped before adding children to the equation. Get the partying out of your system, take some time for you and your spouse to know each other. Travel the world at least a little if that is a desire. Get your graduate work (or any other basic educational work) out of the way.

    But don’t wait to long. Always a balancing act to make so you are not to old and not to broke.

    Thanks for the post!

  6. MoneyReasons
    March 1, 2010

    @Brian
    Good summarization, personally kids are one area that I want to do my best at!

    Welcome to my site!

  7. MoneyReasons
    March 1, 2010

    @Ted
    Sorry for responding so late!

    If you are ready for kids, then it’s okay… I just wasn’t ready for kids when I was in college. It was to about ME Me me me back then!!!

    My kids are currently the most important components in my life! I’ve learned so much about myself by watching them. I’m trying hard to help them overcome the hurdles I had as a kid.

    I think the key is to spend time quality time with them. Try to waken things in them that typical kids don’t notice! For example thinking games, noticing nature, puzzles… all of these are good things for kids to experience!

    I just wish I could after to take them to see different countries (other than the sections in Epcot at Disney)…

    I checked out your blog, and it sounds like you just had a temporary setback. I’m predicting that you’ll be back to where you were when you were $25,000 to the positive soon enough!

    Time really does heal all wounds, even financial (and housing bubble) ones! ;)

    Thanks for stopping by!

  8. David @ MBA briefs
    March 1, 2010

    Great idea for a post, Don. Is there ever a good time to have kids? I probably have a greater age spread than anyone you know, my oldest son is a freshman in college, and my youngest son is two and in preschool. I have an 11 year old daughter in junior high and a five year old daughter in kindergarten. I’ve changed more diapers than I care to remember, but they’re all healthy, good kids and my world pretty much revolves around them.

    As Coach already pointed out, kids are a personal choice, not a financial choice.

    And to quote one of Sam’s snarky book’s sayings “Be nice to your kids – they’ll pick your retirement home some day.”
    .-= David @ MBA briefs´s last blog ..Do mass firings improve performance? =-.

  9. moneyhoneysf
    March 1, 2010

    Great post on your thoughts to having children. I plan to have babies soon too since we are now more financially sound.

    I wish I had them a bit earlier in my mid 20s or late 20s. But those times were well spent at bars and clubs.

    I think it’s best to have babies before 35. Because after that, birth defects and the quality of the egg and sperm might not be as strong.
    .-= moneyhoneysf´s last blog ..Company Profit Sharing =-.

  10. Mrs. Money
    March 1, 2010

    Love this! Thanks so much for linking my post.

    Now you make me want to go get started baby-making. ;)

    I do think I am over analyzing it a little. I’m very good at that!
    .-= Mrs. Money´s last blog ..How Much Money are we Spending? =-.

  11. admin
    March 1, 2010

    @Mrs. Money
    Kids are the closest thing to some magic that we will ever encounter on earth! My daughter is constantly amazing me… My son has the heart made of gold!

    I bet you already have your finances under control! I seriously doubt that you will regret it!

    Great article you wrote, by the way… I was hoping you’d stop over and comment! :)

    @David
    Wow, that is quite a range, but it’s all good!!!

    Yeah, it’s a personal choice, that’s for sure. I was just pointing out the best range to have them in my opinion…

    I try to do the best by my kids as possible. Unfortunately, it’s harder that I thought, but that an entirely different post…

    @MoneyHoney
    Good, you’re in for a treat!!!

    As for the bar and clubs, I know where you are coming from… Now, just a distant memory… Albeit a blurred and mostly forgotten one! Mainly, I remember that I enjoy it and the company of good friends! With kids you’ll make up a new cast of friends… Good times, but different that the good ole times!

    ——–

    Thanks for the comments and sharing! I’ve really enjoyed the comments in this post more than others that I’ve done in the past!

  12. Financial Samurai
    March 3, 2010

    What a FANTASTIC post! Very insightful and very helpful.

    Why 32 as a limit for women, instead of 33, 34, or 35?

    $221,000 is a lot of money! Have you ever thought about adopting kids? Love this topic, and perhaps you can write more about it.

    Thnx!
    .-= Financial Samurai´s last blog ..The Curse Of Making Too Much Money And Not Pursuing Your Dreams =-.

  13. MoneyReasons
    March 3, 2010

    @Financial Samurai
    Thanks, I had a lot of fun with it!

    As for why 32 as the end of the optimal range, 33 thru 35 would be okay too. But as @moneyhoneysf identified above, after 35 years old the risks start to increase with having children (especially for the woman).

    Thanks for stopping by!

  14. WellHeeledBlog
    March 5, 2010

    I think your age range is good if you really want to have biological kids. If you are open to adoption, then there’s no health pressures to have kids before 35 (but I agree it’d be physically much easier to parent young children when you are young).

    By the way, biology might not be as stringent with fathers but children of older fathers also suffer from higher risk of certain developmental problems & illnesses.

    It’s unfortunate that often the best physical time to have children doesn’t mesh with the best financial or emotional maturity-wise time to have children. Physically, I might be at my peak fertility but emotionally & financially? I am NO WHERE near being ready to become a mother. I’m also not set on having biological children or any children, so that makes me feel like I have more breathing room in that regard. :)

  15. Monevator
    March 6, 2010

    I don’t agree with you, but I’ve linked to your post! ;) I think particularly for men because we can afford to wait a little longer, you can easily put off having children until your 30s.

    There seems to be a mania in America for getting married young. Here in London, stacks of my friends are still single in their 30s and apart from the very religious nobody got married in their early 20s. (Some who got married in their late 20s are no longer married).

    It is harder for woman to be so cavalier, which is unfair but a fact of biology that you’re quite right to raise.

    However I wouldn’t say party through your 20s — well, have fun but try to save. $100,000 in a retirement portfolio by the time your 30 gives you a lot flexibility for your later saving habits once you have kids.

    Good work with this post, made me think. :)
    .-= Monevator´s last blog ..Volatility, inflation, and asset class returns =-.

  16. MoneyReasons
    March 6, 2010

    @WellHeeled
    Great points, especially on adopting children! So I guess you could adopt older children if a person is older themselves.

    @Monevator
    It’s kind of ironic overhear with respect to marriage and children. At work I’ve seen some of most beautiful, intelligent career woman stay single and not have kids. I’m always amazed by that. I mean, these are the types of women that you’d want to have beautiful kids…

    You are right about men, we do have a bit of a long timeline (although WellHeeled brings up a good point too).
    I went drinking with friends in college, but we went out on .25 a cup beer night!

    I really comes down to the individual and if they are ready emotionally, financially, etc…

  17. Financial Samurai
    March 7, 2010

    If we’re living 10 years longer now, would 45 be the new 35? :)
    .-= Financial Samurai´s last blog ..Sometimes Saving Money Is About Principle =-.

  18. MoneyReasons
    March 7, 2010

    @Financial Samurai
    Very true, but I wanted to raise my kids while I could still move around well. I know a friend that was born when his Dad was in his 50s, and from what I heard, his dad wasn’t active and didn’t really interact with him much. I didn’t want to be like that. I like wrestling with my son, and playing basketball, etc.

    It’s fun, I’m really looking forwards to playing golf this year with him!

  19. Money Beagle
    March 9, 2010

    We’d always heard it said that if you waited until you could afford a kid, you’d never have one, because there’s almost always something in the way financially. I think finances are important but there are a lot of other important factors to making this decision. We were blessed with our son about nine months ago, and it has been absolutely wonderful and even though, at the time, I wouldn’t have minded waiting a little longer so that we could have student loans paid off beforehand, but looking at my son every day and the joy he brings, I just look at that as silly thinking.
    .-= Money Beagle´s last blog ..Net Worth Review: March 2010 =-.

  20. MoneyReasons
    March 9, 2010

    @Money Beagle
    It’s true, I was one of those lets wait until we are more financial secure people…, but my wife kicked me in the rear and we got on it.

    As long as you have a financial plan, go for it! Just the process of creating a well thoughtout plan will help you develop your financial self! IMHO, kids are more than then just having them be born, at least if you want to do it right. You don’t have to be rich to have kids, but you should at least be financially responsible or at a minimum aware…

    Thanks for stopping by and welcome to my site!

  21. Lana
    July 7, 2010

    Agree and disagree with the post at the same time. Yes, waiting too long can become an issue. However, if you feel insecure and pushed into having babies, this is not the right way to do it. If you are struggling financially, why bring a baby into the world where you cannot afford a childcare???

  22. Money Reasons
    July 7, 2010

    @Lana
    I agree, my post is just a general guidline with respect to what I consider the best biological and financial times in the general population. If you are ready soon that great. But if you aren’t ready later or at all, that’s fine too.
    :)

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