I Dream of FIRE

In pursuit of financial independence and personal fulfillment

Category: Parenting (page 1 of 2)

Is my kid turning into a mindless consumer, or just being a kid?

My daughter turned six a few weeks ago, and it was like Christmas in June. Our household unintentionally invented a two-week holiday of consumer glory and wrapping paper.

In the aftermath, my wife and I are genuinely concerned we’ve let things get out of control and it’s time for an intervention. Or maybe we just have a six-year-old? I don’t know. Maybe you can help me figure it out. Continue reading

How a healthy college 529 account could cost you $10K in taxes – #FinHealthMatters

By the time my oldest stepson started going to college, we had almost two years of tuition socked away in a 529 account. The tax-advantaged education savings plan is a favorite of parents and grandparents alike, and many families start pumping money into them before a child’s first birthday.

Saving for an advanced education is a great idea, especially with the cost of college mirroring or even outpacing the outrageous cost of healthcare in the U.S. over the past two decades. But did you know that 529 plan could cost you money if you’re not careful?

Neither did I, until it was time to do the taxes after my son’s freshman year. Continue reading

5 things new college grads can do to kickstart their career

Today I have a fantastic guest post from J, a twenty-something professional and lover of side hustles. She built a $200,000 net worth and paid off $100,000 debt by 27 years old. Continue reading

Our Halloween nightmare: surgery, setbacks and insane stress

“I want you to get in the car and drive directly to Primary Children’s. I’ll call ahead and let them know you’re coming.” I knew the measured, even tones in which the pediatrician spoke meant we were in for a hell of a day. “Don’t bother going to any closer hospital. If she has what I think she has you’ll need a pediatric surgeon, and there’s only one hospital in the valley that has one on call today.” Continue reading

Dreamcatcher: Posts and podcasts that inspired me this week

This week’s posts and podcasts that inspired me are more about attitude and the journey of personal finance than the numbers. If you have the right attitude, the numbers will come; if you don’t have the right attitude, the numbers aren’t going to matter when you get there. I still have plenty of work on both fronts, so it’s great to hear from people who have good advice for the adventure. Continue reading

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