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You can live frugal with kids as well, but your partner needs to be on board. For example, we moved in with my parents for some time when our first kid was bor

You can live frugal with kids as well, but your partner needs to be on board. For example, we moved in with my parents for some time when our first kid was born to save money on rent. Obviously that specific solution won't work for everyone, but I think that most times there's a way to make it work if you really want too.

kbenson 8y ago
Sometimes. I have three children, the oldest two in high school and Jr. High. It's a different proposition to move a large family in with someone else. I think it's hard to make sure your kids have a good environment conducive to doing well in school, or preparing for college, if they are also forced to make large living arrangement changes which may also change or eliminate good times and locations to study. I think there's a large difference between attempting that so the kids go from poverty to non-poverty (parents doing night school, etc) and parents wanting to go from middle class to upper/upper middle class by running their own business. Putting your children in what is effectively poverty for a few years to gamble for wealth is what's happening. Sometimes. That's worth it, but sometimes it isn't.
- jakobegger 8y ago
  Sure, it's different with older kids, that's why I said our solution doesn't work for everyone. But I'm pretty sure that most people could find a way to live with less money. But if you feel that reducing your spending means living in poverty, then maybe it's not for you, and you really need to leave entrepreneurship to other people.
  - kbenson 8y ago
    > But if you feel that reducing your spending means living in poverty I think at the point you can't afford to house yourself because your income has been reduced or reallocated so you need to live with relatives, you're in poverty, whether you want to think of yourself that way or not. > then maybe it's not for you, and you really need to leave entrepreneurship to other people. There are other ways to go about it, such as doing it in addition to a regular job. It's not always possible, and the type of business you want to start might not be amenable to this, and it does put a lot of strain on the individual, but it is another valid path. It's the one I've been taking for the last nine months.
- cloverich 8y ago
  > to gamble for wealth If wealth is _all_ you want, you don't need to (and probably shouldn't) start a business to get it.

kbenson 8y ago

Sometimes. I have three children, the oldest two in high school and Jr. High. It's a different proposition to move a large family in with someone else. I think it's hard to make sure your kids have a good environment conducive to doing well in school, or preparing for college, if they are also forced to make large living arrangement changes which may also change or eliminate good times and locations to study. I think there's a large difference between attempting that so the kids go from poverty to non-poverty (parents doing night school, etc) and parents wanting to go from middle class to upper/upper middle class by running their own business. Putting your children in what is effectively poverty for a few years to gamble for wealth is what's happening. Sometimes. That's worth it, but sometimes it isn't.

jakobegger 8y ago
Sure, it's different with older kids, that's why I said our solution doesn't work for everyone. But I'm pretty sure that most people could find a way to live with less money. But if you feel that reducing your spending means living in poverty, then maybe it's not for you, and you really need to leave entrepreneurship to other people.
- kbenson 8y ago
  > But if you feel that reducing your spending means living in poverty I think at the point you can't afford to house yourself because your income has been reduced or reallocated so you need to live with relatives, you're in poverty, whether you want to think of yourself that way or not. > then maybe it's not for you, and you really need to leave entrepreneurship to other people. There are other ways to go about it, such as doing it in addition to a regular job. It's not always possible, and the type of business you want to start might not be amenable to this, and it does put a lot of strain on the individual, but it is another valid path. It's the one I've been taking for the last nine months.
cloverich 8y ago
> to gamble for wealth If wealth is _all_ you want, you don't need to (and probably shouldn't) start a business to get it.