Question: I’m 26 and my husband is 29. We own a house and have lots of bills that go > > along with that. He works full time, makes decent money. I work part time. > > We have 2 children ages 5 & 6 (little league just cost me 100$). > > What are doing wrong?
> First of all, you’re going to have to get rid of those children…> Really, what’s the problem Not enough debt? Too much debt? More info is > clearly needed!
Answer: I disagree, children can be a source of profit instead of a drain on finances. You just have to be creative so that you stay out of jail while they work. One method is to have a family business, such as a farm, then your children can be expected to work long and hard for no compensation whatever. What we need are high profit jobs that children as young as 5 or 6 can perform without someone going jail.
I’m sure the house could be a source of profit too. I’ve heard of as many as six or seven families all living in a single house. Perhaps the original poster could rent out rooms, pallets, spaces on the garage floor, etc. This can also be an economical method for the young children to learn a variety of languages.
I have seen some people with exceptionally large back yards who have created their own miniature mobile home park by running extension cords, water hoses and drain pipes to a number of spots which they rent to people who park their trailers on them.
This may violate zoning or occupancy regulations in your area so it would be best to check with a lawyer first so you know which laws you want to break. Is there any such thing as too much debt? As long as they keep sending credit cards and 150% home loan offers then why shouldn’t someone keep maxing them out?
Seriously, the way to get out of debt is to earn more and spend less. All the rest is just details.
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