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I feel for the guy, but it sounds like he was spending beyond his means from the start, and then quit his job on top of that. According to cnn the average cost
by emillerm 13y ago
I feel for the guy, but it sounds like he was spending beyond his means from the start, and then quit his job on top of that. According to cnn the average cost of raising a child is 240K, not including college. Multiply that by 8 and spread it over 18 years, and that is 107K per year, for 18 years. And that is just for the kids.
It was a different time and all, but quitting your job completely when you have a large mortgage and 8 kids seems irresponsible. His eventual recovery is inspiring, but what would have happened to those 8 kids if his wife couldn't fall back on the German citizenship and its social safety net? This could have easily ended much worse for them.
- a8da6b0c91d 13y agoHe says he had $500K in savings at age 48. That seems a bit low considering his earnings and all the kids. Why he would think he was flush enough to risk two years off at that age I don't know.
- deleted 13y ago[deleted]