Did You Know Raising One Child Now Costs Over $300,000? Here's What That Means for Your FIRE Plan
Take a breath before you read this next number, because it's a big one: raising one child from birth to age 18 now costs more than $300,000 . If you're pursuing financial independence and early retirement, that number isn't just scary, it's a variable your entire plan needs to actually account for, not ignore. Let's break down where that number comes from, whether it applies to your family the way you think it does, and more importantly what it actually changes about your path to FIRE.