[I had originally written this as a guest post back in December of last year for a financial site I like called My Next Buck. You'll find a link to the entire article below.]
A few years back a friend who had just recently been married was wrestling with the to have or not to have kids question. Knowing that I had collected several of these critters myself, she asked my thoughts on the risks and rewards that come along with being a parent. Our discussion was almost exclusively in terms of emotional risk/reward, keeping monetary considerations out of it. In retrospect, that was an egregious error.
I’ve been reflecting on that conversation some 10 years later, having read an article recently about a father’s failed attempt to sell his kid in a Wall-mart parking lot. How far are we willing to go to support ourselves in a bum economy? Surely he could have sold a kidney or something. I found myself asking an odd question. Which is the better risk reward scenario, having a child or selling a…[read more]