Financial Samurai

Slicing Through Money's Mysteries

  • About
  • Invest In Real Estate
  • Free Wealth Management
  • Top Financial Products
  • Negotiate A Severance

Become A Better Father: Time To Man Up Dads!

Published: 05/18/2020 | Updated: 06/21/2020 by Financial Samurai 97 Comments

how to be a good father

Before becoming a father, I dreaded changing diapers. Now that I am a father, I long to win the poop lottery. To see my boy take a gigantic dump is curiously gratifying. Digestion system. Check!

Before becoming a father, I wrote a lot about supporting mothers because I couldn’t fathom having to carry a child in my belly for nine months. It didn’t seem possible to naturally give birth to something so big. Watching a C-section video is also uncomfortable. I felt guilty not providing equal care. It was the least I could do.

But now that I am a father, I’ve come to realize that I haven’t been giving fathers enough credit. Being a father is damn hard work! From 11pm – 6:30am shifts, to then having to go grind it out at work, to providing constant moral support, I give props to all dads.

There is a tremendous amount we fathers can do to provide for our children and make our partners’ lives easier.  

Becoming A Better Father

What is more painful? Seeing a loved one suffer or experience the suffering yourself? I argue the former is so much worse because there’s nothing you can do to take away the pain. If there was some sort of pain transferring system, I’d enlist right away.

I’ve dreamt of fatherhood since I was 37, about two and a half years after I left my cozy day job that occasionally beat me with a stick. I needed time to get my life together before taking on the most important role of them all. And although it took a while to get here, better late than never. I couldn’t be happier because everybody is healthy.

Here are some things I think every father or father-to-be should endeavor to do:

1) Get your finances right. If you aren’t willing to be more financially disciplined for yourself, at least do so for your family. Believe everything you read about the cost of raising a child. Your job as a father is to maintain or grow your income stream and balance sheet until your child is old enough to earn on his or her own. If your partner can also grow her earnings while juggling a precious one, fantastic, but don’t count on it. Please stay on top of your finances like a hawk.

2) Make sure your job gives you time. Screw the job that only gives you a couple weeks of paternity leave. The first three months of your child’s life is both brilliant and trying at the same time. Your baby will only sleep for 1 – 3 hours at a time. Your wife will go through tremendous hormonal changes that leave her happy one moment, and sad another. She will be incredibly sleep deprived. She needs you more than she will let on. The easiest solution to get more time at home is to offer to work part-time from home. Providing some work is much better than providing no work.

3) Give every hour you can spare. Although you may be dead tired after working a 10-hour day, rest assured your partner will be even more tired taking care of a newborn due to the mixture of sleep deprivation, anxiety, and frustration along with joy. If you can relieve your partner for one or two hours before going to work and providing hours of support after you come home, you will create a happier household. Professionals in many occupations work 12 – 16 hour days to get ahead. If you’re working less than that, allocate the difference towards taking care of your child.

4) Establish a stable place of residence. It’s important not to move residences during pregnancy and for at least a year after giving birth. The reason is to minimize stress and increase harmony. A lot can go wrong during and after pregnancy. It’s no wonder why there’s such a rush for parents-to-be to buy. If you are a renter, I suggest building a positive relationship with your landlord now. The better your relationship, the less likely he will raise the rent or ask you to leave. Simple things such as paying on time, fixing small things on your own and telling him about it, and sending a holiday card goes a long way. Do your best not to screw your landlord.

5) Build relationships with other fathers. Every father should join a father’s group, just like every mother should join a mother’s group. Leaning only on one another can be tremendously taxing after a while, especially if you are both new to parenthood. You need to gain support from other fathers who are going through the same thing. Society still hasn’t fully embraced stay-at-home dads, even though there’s no occupation more honorable than taking care of your child.

The importance of fatherhood
Source: Fatherhood.org

6) Read as much as you can before and after. There are actually manuals that will guide you to become a better, more confident father. I suggest reading books such as, The Expectant Father by Armin A. Brott and Jennifer Ash, Don’t Just Stand There: How to Be Helpful, Clued-In, Supportive, Engaged, Meaningful, and Relevant in the Delivery Room by Elissa Stein and Jon Lichtenstein, Be Prepared: A Practical Handbook for New Dads by By Gary Greenberg and Jeannie Hayden. The great thing about fatherhood is that there’s been literally billions of fathers before you who have succeeded!

7) Create a checklist of everything you want and get it done. It’s likely that your partner will have a laundry list of things she’ll buy off Amazon before the baby arrives. Amazon Prime is your friend. I suggest going through the items together to see what you really need. It’s kind of like a pre-vacation checklist. The most important items are obviously right fitting diapers, swaddles, outfits, a bassinet, a crib, a jumper seat, a changing table, pads for the changing table, baby wipes, a baby wipe warmer, a baby bath tub, Oogiebear, lots of tissues, NoseFrida, baby CPR guide, a stroller, a feeding/diaper changing/burping/pooping checklist, Windi (magic fart/poop stick), rash creams, baby formula, and more! We fathers must help relieve the mental load placed on mothers.

8) Plan the support network. The first two weeks after birth will be a difficult time period. You must be 100% present for your partner during this time. It may or may not be a good idea for relatives with parental experience to come by for support or not. Have an open discussion. I highly recommend hiring a postpartum doula for the first month if you don’t have anybody else to give you guidance at home. A postpartum doula will help give you confidence as parents, guide you on what to do, and help take care of your baby when you can no longer function. After the first three months, you can work on coordinating with friends and family when they can arrive. Don’t take anything personally during these three months!

9) Be forever present. Not being present as a father is as evident as your dinner date texting at the table. Mothers know whether you’re enthusiastically checked in, or unenthusiastically checked out. The #1 priority for all mothers is the survival of their baby. Therefore, even though they may love you like no other, that doesn’t mean they will trust you like no other to sufficiently care for your child. You must earn their trust by being present. Being present means looking at the baby while playing, observing the different sounds your baby makes, making deductive conclusions as to what the baby wants at any point in time, clearing a bassinet of potentially life-threatening clutter, singing and caressing the baby securely, driving defensively, and so on.

10) Provide constant reassurance. You’re on an unknown journey together. There will be tears of sadness, coupled with moments of joy. Embrace them all. Just because a woman is the one biologically able to have a child doesn’t mean she has child-raising all figured out. Learn together. Give her confidence. Be the co-captain she needs. Learn to be patient.

Parental Leave By Country

Do The Best That You Can

After leaving work in 2012, I began to structure everything about my life so that I could be the most present father possible if that day came. This meant building passive income streams in order to not have to go back to work, building an online income stream just in case my passive income streams disappeared, helping my wife engineer a severance so she could have maximum flexibility, buying and fixing up a home in time for the baby, and getting rid of assets that took time away from taking care of my family.

When I retired, I didn’t know I would be a father today. But I planned for it just in case. Today, all I can do is be the best dad I can be. I truly believe we must earn the love of our children. It’s my biggest fear now, wondering whether my son will think I did a good enough job when he’s older. This post serves as a reminder of what I need to do whenever I’m lost. I’m determined to give it my best.

Related:

A Day In The Life Of Two Work From Home Parents

Cutie Baby: A Samurai Lullaby

Update 6/16/2019: I wrote this post when my son was three months old and now he’s almost 27 months old. Being a father is way harder than I could have ever imagined. Your endurance and patience will be tested beyond your limits. You will always worry about your child’s safety. But to see him hit every milestone is an absolute blessing. You cannot love someone more than you can love your child. Enjoy the moment and count your blessings!

Update 6/21/2020: Raising children in the middle of a global pandemic where schools and businesses are closed has been tough. However, I am thankful to be able to spend more time with my son and now six-month-old daughter. The time really flies. At three years and two months old, my son is learning how to read. Pretty soon, he’ll learn how to swim and ride a scooter.

Tweet
Share
Pin
Flip
Share

Filed Under: Family Finances

Author Bio: Sam started Financial Samurai in 2009 to help people achieve financial freedom sooner, rather than later. Financial Samurai is now one of the largest independently run personal finance sites with 1 million visitors a month.

Sam spent 13 years working at two major finance companies. He also earned his BA from William & Mary and his MBA from UC Berkeley.

He retired in 2012 with the help of his retirement income that now generates roughly $250,000 passively. He enjoys being a stay-at-home dad to his two young children.

Here are his current recommendations:

1) Take advantage of record-low mortgage rates by refinancing with Credible. Credible is a top mortgage marketplace where qualified lenders compete for your business. Get free refinance or purchase quotes in minutes.

2) For more stable investment returns and potential outperformance of volatile stocks, take a look at Fundrise, a top real estate crowdfunding platform for non-accredited investors. It’s free to sign up and explore.

3) If you have dependents and/or debt, it’s good to get term life insurance to protect your loved ones. The pandemic has reminded us that tomorrow is not guaranteed. PolicyGenius is the easiest way to find free affordable life insurance in minutes. My wife was able to double her life insurance coverage for less with PolicyGenius in 2020.

4) Finally, stay on top of your wealth and sign up for Personal Capital’s free financial tools. With Personal Capital, you can track your cash flow, x-ray your investments for excessive fees, and make sure your retirement plans are on track.

Subscribe To Private Newsletter

Comments

  1. MillennialDadHK says

    December 3, 2019 at 11:12 pm

    Really cool article. I’ve been reading your content for a long time now but for some reason never came across this fatherhood article. I guess previously I was more focused on the personal finance side of things but now that I’m expecting my first child, priorities have kind of shifted. I really like points #4 and #9. I’m from Hong Kong, one of the least affordable housing markets in the world. Purchasing a property, especially one big enough for a family of 4-5 is always on the top of my mind. #9 is just all around solid parenting advice. I’ve put a particular focus on staying physically fit because I hate the idea of being a dad that would rather take a nap or rest up instead of being present with my family

    Reply
  2. Sergey I KALASHNIK says

    June 20, 2018 at 7:41 pm

    Great Job Samurai! I love this. Dad’s are usually highly under appreciated. I can understand as some don’t want to participate or do much. This is very needed. Thank you! Father of 2. :D

    Reply
  3. Mysticaltyger says

    July 1, 2017 at 4:52 pm

    Thank you for posting all those stats about the benefits of having a father in the home. I am always on my soap box about America’s 40% out of wedlock birth rate. No wonder the middle class is shrinking!

    Reply
  4. john says

    June 28, 2017 at 9:03 pm

    They didn’t have to be used consecutively, so I used one day for the birth and one day for when my wife and daughter got out of hospital, and a couple of vacation days after that. I worked the week that they were in the hospital, and spent all day of the weekend there with them. I had about a week of vacation days left, but those are also my sick days, so I had to reserve them in case my wife or I got sick that year, and ended up using most on that or on a summer vacation at her parents’ house. On the plus side, though, as a contractor I am eligible for overtime pay, so they don’t let me work overtime, meaning I was at home at a reasonable hour every day. Recently I moved to working from home full time (same job), which is even better.

    Her being bilingual (at a 3 year old level anyway) is great! I went into it thinking that even if she only got a short boost in pronunciation that would be a benefit for her future academic career, but she has done much better. I’d recommend it to anyone that know enough of a second language, especially for people from a multicultural background. That’s a big regret I had as an adult, not learning my dad’s language back when it was easy.

    Reply
  5. john says

    June 28, 2017 at 6:57 pm

    Great post! My daughter is 3 years old now, and it has been incredible seeing how spending as much time as possible with her has influenced her development. We live in Japan (my wife is Japanese) and have been speaking English at home to help her become bilingual. I followed a very basic plan of just constantly talking to or around her, on top of reading lots of books. It was hard for the first year or so, before she could reply, but now she speaks English with me like any 3 year old, as well as Japanese with her grandparents, and can translate between them. The hardest thing was not speaking in Japanese, since I speak it fluently, and had to mentally switch when I get home. If you put in the effort, and know a non-local second language, the results are completely worth it.

    I must quibble about one thing, though, the nation comparison chart at the end of the article. I know Japan well, and only a small subset of people are eligible for 52 weeks of paternal leave. Basically, full employees in major firms, depending on management’s agreement, and due to the work culture here with fairly limited chance for negotiation. The best are foreign companies here, the worst are dispatch companies. For comparison, I am an IT contractor with a foreign company in Japan, and I got 2 days of paternity leave, which is unusually generous. Sweden, on the other hand, while it has a limited number of days reserved for the father only, has a total of I think 400 days which can be divided by the parents in any way they want, up until the kid is aged 8. My relatives there tend to take it in half-year alternates, so each parent has a stay at home experience. Sorry for the digression, but those charts always get on my nerves, since I certainly didn’t get 52 weeks off.

    Reply
    • Financial Samurai says

      June 28, 2017 at 7:01 pm

      Wow, only two days of paid paternity leave?

      Did you take more? Or did you go to ride back to work on the third day? Many Americans just at their unused vacation days to take more time off.

      Very cool about your daughter being bilingual.

      Reply
  6. Lily He-Prudhomme says

    June 26, 2017 at 3:59 pm

    My inbox didn’t get any new post alerts from Financial Samurai (it did before) so I peeped my head in to check, awww look what I missed.

    Congratuations Sam!! And congratulations lucky little boy of Sam.

    I’m not a parent and won’t be for a long while but…since no one is asking (as most people here are parents too)…what in the world is a “poop lottery?!”

    Someone told me raising a kid is like building a house. #1 to #4 should be the foundation and #5 to #10 is everything else. That’s not easy at all. It’s a privilege to even hit 3/10 on that list for most Americans!

    I’m so blown away by the infograph. Really?! North America gets 0?! South Korean and Japan has the right idea!

    Reply
    • Financial Samurai says

      June 26, 2017 at 8:02 pm

      Thanks! We feel incredibly blessed. It took a while.

      Not sure what’s going on with the RSS email feed, but you can sign up here: https://forms.aweber.com/form/61/638448361.htm

      I didn’t see your email address in the database. We might have purged emails that weren’t open in the past six months.

      Reply
  7. Mike says

    June 26, 2017 at 6:57 am

    Awesome post,have only one issue with the heading though.I have seen way too many guys stay in bad situations whether it be marriage and the male is told to “man up”.The same goes for divorce settlements “man up”and pay her what she wants.Ive watched guys working injured and making their injuries worse by “manning up”.
    I raised my son as a single parent and was involved in every sport and activity that he participated in and he now works as a ticket tradesman and the one term I have told him that will wreck him financially,physically and socially is “man up”.I have pushed this on him because society uses this term to manipulate males into doing/accepting conditions that they shouldn’t but do to be accepted,a term used to bully males in our society.End of rant!

    Reply
    • Financial Samurai says

      June 26, 2017 at 7:12 am

      Hi Mike, thanks for sharing.

      What are some specific points of advice you would suggest sons and men to do in difficult situations?

      This post is addressed towards new fathers, potential fathers to really pitch in to raise a child b/c I’m discovering in real-time our partners desperately need our help, even if they don’t say so. Raising a child is incredibly difficult, especially if your child has a disability/condition. Lots of love and support is needed.

      Thanks

      Reply
  8. Steve D Poling says

    June 25, 2017 at 5:09 pm

    you asked for tips on being a dad. most important thing i can recommend is consistency. be as consistent as gravity. you and mom have to be on the same page when dealing with kids. if she says X and you say X’ about junior’s upbringing, stop and negotiate a mutually suitable compromise. if mom does something you don’t believe in with the tyke, suck it up in front of junior, then get on the same page off stage. behavior is caught, not taught. model all the behaviors you want to see in the next generation. feel free to apologize to the kid when you realize you’ve erred, or been inconsistent. the honesty and humility are good lessons given by example.

    Reply
  9. newparentinvest says

    June 24, 2017 at 2:59 pm

    Awesome post as always! I’m a new dad as well and it actually inspired me to start my own blog. The amazon prime is a must but I also recommend getting registries at babies r us, buy buy baby, and others. They give free bottles, pacifiers, formula, clothes, etc. just for registering and anything you purchase from your registry you have up to a year to return. There were a bunch of gifts we got that our son never used and without a receipt ended up getting gift cards for before his first birthday.

    This was my first blog post: newparentinvest.com/year-one-newborn-expenses/

    Reply
  10. Andrew@LivingRichCheaply says

    June 21, 2017 at 8:58 am

    Congrats to you and your wife! And happy belated Father’s day. I have two little boys and fatherhood is definitely awesome. My one advice is to enjoy each stage. I know it is a bit cliché but it’s true. When my first was a baby, I’d wonder when he’d be old enough to run around and talk. But when he was old enough, I missed holding him like a baby and how he would explore new things. Fortunately, I got to experience that again with baby #2. So just enjoy your baby. Awesome that you are financially free so you are not as time crunched as many other parents.

    Reply
    • Financial Samurai says

      June 21, 2017 at 9:24 am

      Such great advice! I will remember this and enjoy the present. Congratulations for raising two sons!

      Reply
  11. JP at The Money Habit says

    June 21, 2017 at 1:51 am

    Sam, that’s so exciting! Congratulations!!

    With both you and your wife being retired, is there something particular keeping you tied to the SF area vs moving to a lower cost of living area? We’re enjoying NYC now, but we’re also contemplating a cheaper liberal city like Philadelphia for a future chapter in our lives. Curious how you weigh in on it for your personal situation.

    Reply
    • Financial Samurai says

      June 21, 2017 at 6:21 am

      Thanks! We love San Francisco because of our friends, food, weather, vibrance, diversity, and outdoor activities. It’s really hard to leave since arriving in 2001.

      Also, we bought a beach or in 2014 and finally finished remodeling everything this year. So I’d like to be here for at least another three years until it’s time for kindergarten. At that time, we might move to Hawaii, where housing is a little bit cheaper and send our son to school there and be closer to my parents.

      Thankfully, San Francisco is not expensive to us yet because our house is taken care of. But education can be about twice the cost. Will cross that bridge when I comes!

      Related to the future:

      https://www.financialsamurai.com/its-always-good-to-dream-about-living-the-dream/

      https://www.financialsamurai.com/is-private-grade-school-k-12-worth-it/

      Reply
  12. dan says

    June 20, 2017 at 6:07 pm

    Stay at home dad to 3 here, been doing it for 12 years and love it. Non traditional for sure, but I wouldn’t hesitate to do it again. Lucky enough to have a wife with a great job making mid 6 figures.

    Reply
  13. Mike says

    June 20, 2017 at 2:46 pm

    Congrats on your 1st Father’s Day Sam!

    My wife and I are expecting our 2nd little soon and the logistics/planning is making my head spin. Background (very typical of the Bay Area): Couple both making decent 6-fig income, renting (need to find a bigger place soon), need a daycare for new baby, hopefully same school as my oldest or close by at least, daycare/preK prices are through the roof! Stuff like this makes me want to quit and be a SAHD.

    Reply
  14. FIRECracker says

    June 20, 2017 at 11:13 am

    Awww! Congrats on becoming a father and happy belated Father’s Day to you!

    I’m going to book mark this post and ask my hubby to refer to it if we ever have kids. I love seeing the challenges and rewards from a parents’ perspective. And thank you for being so honest about what parents have to go through, that way those of us still on the fence know what to expect. Too many parents just tell you about all the good parts but not the bad.

    Reply
  15. Your First Million says

    June 20, 2017 at 10:59 am

    I have a 1 year old son. I was fortunate enough to actually get a full month off (paid parental leave) from work and it was the best thing in the world to be home with my wife and newborn son for a full month.

    My wife and I had been married for 8 years before we had our son. I think it is very smart (if you have the choice, sometimes we don’t) to wait until you are in a stabilized financial position before having children. Whether that means you’ve secured a solid career, are operating a business that has reached profitability, or something similar.

    I simply refused to have children before I was financially successful because I would not allow my children to be brought up in poverty… I wanted to create the best possible environment for raising children and be able to provide anything they could possibly need.

    Reply
    • Financial Samurai says

      June 20, 2017 at 11:13 am

      It’s a good point. I had many friends in their early 20s tell me that they won’t have children until they got to a $1M net worth! Gave them something to shoot for, just like trying to make 10X the value of a car is something to shoot for before buying whatever car you want.

      Reply
  16. Ms. Conviviality says

    June 19, 2017 at 10:18 pm

    The best thing my dad did for us was to set a good example because when I’m stuck in a decision about what to do I ask myself “what would dad do?” If I were to choose one quality that best describes my dad it would be his ability to show loving kindness towards everyone. On my wedding day, I had a book where guests could write down some marriage advice for us and I was looking forward to what my dad had to say. He wrote that “when the water(person) is boiling you need to turn down the fire.” My husband and I have turned an escalating argument around by joking how it was time to turn the fire down.

    Reply
  17. Dick says

    June 19, 2017 at 2:27 pm

    Am a very proud father of 2 boys. Very happy my 2nd graduated last Saturday and
    will be out in the wild working world next month. Yea, NO more tuition payments. It’s now time to think of retirement.

    Be ready for some tough love, FS.

    Reply
  18. Dollar Barrister says

    June 19, 2017 at 2:25 pm

    Happy Father’s Day! For me, becoming a dad was what spurred me into taking action with my finances. Looking back I can’t believe how careless I was, and I wish I had dedicated more of my 20s (I’m now in my late 30s) to focusing on good savings and spending habits.

    “Being present” is definitely the hardest challenge for me right now. I try and put my phone away during breakfast and dinner (and remind myself how lucky I am that I’m able to sit and have those meals with my wife and children.)

    The time goes by very quickly and they really do grow up so fast. Enjoy it!

    Reply
  19. Brian @ Digital Detachment says

    June 19, 2017 at 1:23 pm

    Congrats on becoming a father, Samurai! And thanks for the great Father’s Day post. A couple additional book recommendations for you and your readers:

    1. The Nurturing Father by Kyle Pruitt

    2. And Baby Makes Three by John and Julie Gottman

    3. For later — Reclaiming Conversation by Sherry Turkle … a lot of great info about being present for your kids instead of your smart phone.

    Reply
  20. Friendly Russian says

    June 19, 2017 at 1:16 pm

    Being a father is tough, but it so worth it.
    I have two beautiful daughters, they are 9 and 5 already. And you know, despite the fact that the first two years weren’t easy for me and my wife, we are thinking about the 3rd one.
    Because kids are great.
    And they are not that expensive that some media try to tell us

    Reply
  21. Kirk says

    June 19, 2017 at 1:15 pm

    Congrats on becoming a Dad and Happy Fathers Day! Nice post. Would agree with Mr Freaky Frugal above on your job is preparing them to become adults. With that said I would add that the best way is to be the person you desire your kids to be. Walk the talk. If you want your children when they leave the nest to walk with integrity, kindness, boldness, generosity etc, you live this out. I agree with the saying, more is caught then taught. Again congrats and agree with others that the journey is hard but worth it. Sometimes long days but the years fly by.

    Reply
    • Financial Samurai says

      June 20, 2017 at 9:10 am

      Ah yes, I’d like to follow that advice of being the person you desire your kids to be. I truly believe action speaks so much louder than instruction.

      Reply
  22. Alex @ Asset plus says

    June 19, 2017 at 12:44 pm

    Wow, Sam, this sounds like a big burden if you don’t prepare early. Congratulations!
    I guess for everything that’s going to be great, preparing and planning in advance is the key to success!

    Reply
  23. Debbie says

    June 19, 2017 at 12:09 pm

    Congratulations! I would agrue (as a mother of 5) that pregnancy is the BEST time to move! It makes nesting even more fun! At least it has for us.

    Reply
    • Financial Samurai says

      June 20, 2017 at 9:11 am

      Wow! I can’t imagine raising 5. Any multi-tasking tips?

      I donno about moving during pregnancy. Gotta change the doctor perhaps, lots of appointments, worry during the first trimester, etc!

      Where were you moving from and too? And what were your reasons for moving?

      Reply
  24. KT says

    June 19, 2017 at 10:41 am

    I’m a new dad myself at the age of 48. Had a daughter in December. Never thought I’d have kids, but remarrying my wife who is 12 years my junior put kids back in play. I can say that being an older father, that being fit and healthy is a top priority. Having kids this late does have some advantages-I’m more financially and mentally ready than I have ever been. Having been in the work force for so many years contributing to 401k, Roth IRA, HSA, regular brokerage has allowed us to build up a mountain of funds that will both allow us to be stay at home parents if we so choose. I’m currently working a 9 to 5 and she works from home doing research analysis for a university. Having this flexibility definitely allows me not to worry so much about our financial future and more able to be in the moment with our daughter. You have some very good reminders on helping out our wives as much as possible. Even though Mother’s Day just past it’s easy to take our wives for granted sometimes especially when they do such great jobs day in and day out.

    Reply
    • Financial Samurai says

      June 20, 2017 at 9:13 am

      Very cool. Who woulda thunk it huh, at age 48? I think Steve Tyler from Aerosmith became a dad at 75 or something… so you’re still a spring chicken!

      Hooray for getting old!

      Reply
  25. Chris says

    June 19, 2017 at 10:32 am

    Sam – I have only been a father for 17 months so I am no expert but I must say that, based on my experience so far, this is probably the best piece written on the subject matter in existence.

    Reply
    • Financial Samurai says

      June 19, 2017 at 11:07 pm

      Why thank you Chris! Please share with your fellow parent friends :)

      Reply
  26. DI1K says

    June 19, 2017 at 10:12 am

    You definitely have the right idea. We have a 10 month old now. My husband really struggles with simplifying – he believes so strongly in his duty to provide which is constantly at odds with the limited amount of time we have together. He justifies it as “securing our future by sacrificing today” and I see it as “sacrificing today means having a broken relationship in the future”. Its tough and not as easy as it seems. I’m glad you’ve retired before having a baby, I look forward to the day we are retired and can choose the time we spend with our kid while also being true to ourselves as individuals.

    Reply
    • Financial Samurai says

      June 19, 2017 at 11:07 pm

      Thanks for sharing this feedback. You’ve highlighted an incredible important conflict that ever parent needs to work out!

      I understand now why so many parents divorce after kids. It’s in our DNA to provide as men. But if we don’t focus on the ends, and only the means, we can screw things up.

      Reply
      • pr#6 says

        June 20, 2017 at 2:48 pm

        In many cases, it’s one spouse that starts out very unhappy, eventually being reciprocal. Having kids throws another wrinkle in all of this. When divorcing with kids, it’s best to do so when the kids are <= 6 years old. Also, it's a good idea that both parents live close by so the kids can go house to house. A divorce can take a huge financial hit and you would have to start all over – but not without the ball-and-chain so you could be free to succeed and fulfill your dreams.

        Constant communication is key to a successful marriage.

        Reply
  27. JayCeezy says

    June 19, 2017 at 9:59 am

    Congratulations to you and Mrs. FS, Sam!

    Happy Father’s Day to you and Caitlyn Jenner!;-)

    Reply
    • Financial Samurai says

      June 19, 2017 at 11:06 pm

      Right on! And Trump had his birthday on 6/14!

      Reply
  28. Grant @ Life Prep Couple says

    June 19, 2017 at 9:20 am

    Being a father is a special thing. Like everyone else says it is tough but rewarding. You really can’t understand it unless you have done it yourself.

    Those first few months are pretty intense but do everything in your power to relax and enjoy them. Take lots of pictures and videos as the will mean so much to you later.

    And remember millions of people do it everyday so you can certainly handle it to.

    Reply
    • Financial Samurai says

      June 19, 2017 at 11:06 pm

      I tell myself your last sentence all the time when I have doubt!

      The videos so far are so rewarding. The smiles… oh the smiles and giggles.

      Reply
  29. SMM says

    June 19, 2017 at 7:29 am

    Time is the most precious thing. Kids crave attention. Even when I’m doing something around the house, I find a way for my kid to help me, I’ll save a part of the project for him just so we spend some more time together (e.g., washing a paint brush or helping to tidy the garage).

    Reply
  30. Gribs57 says

    June 19, 2017 at 6:33 am

    Sam,

    From all of the advice that I received as a young married father (many years ago) , here’s the one that became my guidepost:

    “As a father, the best thing to do for your child is to love their mother.”

    Enjoy your Father’s Day,

    Gribs57

    Reply
  31. The Green Swan says

    June 19, 2017 at 6:23 am

    Well said, Sam! Fatherhood is oh so important, definitely a role not to be taken lightly. I operated much the same as you have, reading all that I could beforehand and still today to help me be the best Dad I can. And supporting Mom as much as I could especially in those early months.

    While I wish I could spend more time during the day with the kiddos, my goal and plan is to keep busting my butt to build those passive income streams to one day retire early and devote even more time and energy to raising a health and happy family.

    Congrats to you on your newborn and your special and growing family. Happy belated Father’s Day!

    Reply
    • Financial Samurai says

      June 19, 2017 at 11:05 pm

      Thanks and good luck getting to FIRE so you can spend more time with the kiddos. It’s worth it! I can’t imagine not being able to spend 8+ hours a day with him.

      Reply
  32. The Tepid Tamale says

    June 19, 2017 at 6:19 am

    Paternity leave? According to Wikipedia: ‘The United States, Suriname, Papua New Guinea, and several island countries in the Pacific Ocean are the only countries that do not require employers to provide paid time off for new parents.’ I have 5 kids, and have had to use vacation days to get any time off.

    Your post is awesome! I love being a dad so, so much. I hope more dads get engaged in the life of their kids. One tip that I am still in the middle of proving out. Don’t just make rules for your kids. The rules will be your rules, and they won’t see the need to follow them when they are on their own. Instead explain to them the choice you are making, and why you are making it. They make not agree in the heat of the moment that not having a 3rd piece of cake is the correct decision. But, at least you are explaining why. You will have to repeat this 5,000-10,000 times. But, over time hopefully these rules/guidelines will not be yours only, but a combination of you and your child. Then, when they have to make a decision on their own, they just may follow those rules/guidelines!

    Reply
    • Financial Samurai says

      June 19, 2017 at 11:04 pm

      “Instead explain to them the choice you are making” – I’m going to do so much of this.

      It makes a HUGE difference! I remember tearing up my dad’s documents on his typewriter one evening. Instead of yelling or hitting me, he said, “Son, I worked many hours typing up those documents. Please do not do that again.”

      That explanation made a huge impression.

      Reply
  33. Joe says

    June 19, 2017 at 6:15 am

    Congratulations! Have a kid will change your life forever. It’s different than I imagined, but fulfilling none the less. There will be a lot of sleepless nights. I’m so glad we don’t have to change diapers anymore. Oh, I never fit in with the dad group and I don’t think it’s a necessity.
    Happy Father’s Day.

    Reply
    • Financial Samurai says

      June 19, 2017 at 11:03 pm

      Thanks Joe. Now that I think of it, I am impressed you’ve been a SAHD for all these years. I think I would be lonely, and very tired if it was just me at home all day until my wife got back after 5pm. I feel free blessed we can both stay home and take turns.

      Reply
  34. Financial Coach Brad says

    June 19, 2017 at 4:12 am

    When my daughter was born – 21 years ago – it changed my life!

    One thing I try to communicate to new fathers is to always check in with your priorities. Time flies. I can’t believe my daughter is a college senior. The younger years don’t last nearly as long as new dads expect. Make time to spend with your family. And treasure the time.

    The family dynamic you build when your kids are young will carry through into the later years.

    Reply
  35. Achernar says

    June 19, 2017 at 3:28 am

    Having been financially independent for some years now (and being several years older than the Samurai)…
    I would just like to make the statement that the fastest way to go into debt is to reproduce! And the More offspring you have, the Faster you lose your wealth.
    This is no joke these days, as we now officially live in a narcissist nation where pissing away money is a favorite pastime!

    Well, actually, strike that… That’s the Second fastest way, The fastest way is to marry someone who is financially Lethal, but you probably already saw that one coming!

    Reply
    • JA says

      June 19, 2017 at 3:55 pm

      Costs me less. Single-life I was going to Europe every 4 months, happy hour 3x a week, dates, restaurants, etc.

      Tonight I am watching Nick Jr on TV…

      Insurance is expensive and college can be a megaton bomb, but definitely worth it…

      Reply
    • Financial Samurai says

      June 19, 2017 at 11:02 pm

      Wonderful! How many kids do you have, and how much of a strain or delay did it have on your FI plans?

      Reply
  36. Steve D Poling says

    June 19, 2017 at 3:28 am

    You said: “What is more painful? Seeing a loved one suffer or experience the suffering yourself? I argue the former is so much worse because there’s nothing you can do to take away the pain”

    I wholeheartedly agree. About a decade ago I went through cancer. I got through it after surgery and two bouts of chemo. I didn’t realize it at the time, but my wife and kids were suffering more from the disease than I was. Thus my prayers are often as much on behalf of the caregivers as for the afflicted.

    Reply
    • Financial Samurai says

      June 19, 2017 at 11:01 pm

      So glad you made it and are healthy enough to read, comment and share!

      Reply
  37. Save Splurge Deny Debt - Cameron says

    June 18, 2017 at 11:11 pm

    Awesome list and awesome post, hope you enjoyed and amazing Father’s Day Sam!

    Being a father is one of the most rewarding things I have ever done. I am loving every minute of it, and always wanting to be a better father. This is a great list of things I have done or am always working on to get better.

    Since starting a blog, I love the other fathers that I have started talking with. he common bond of being a dad and sharing experiences is helpful in so many ways.

    Thanks for sharing!

    Reply
  38. quantakiran says

    June 18, 2017 at 11:06 pm

    Congratulations to you and your wife Sam!!! May parenthood be everything you guys hope for and more!

    May you have many more Father’s day filled with socks and ties! :D

    Reply
    • Financial Samurai says

      June 19, 2017 at 11:00 pm

      Thanks! Although, I haven’t worn a tie in literally 5 years!

      Reply
  39. Dads Dollars Debts says

    June 18, 2017 at 9:42 pm

    Sam,
    Being a dad is awesome. I mean awesome. Yes I wish I did not have to work, but last week my 2 year old took my hand, grabbed my lunch bag, and walked me to the door for work. I mean how sweet is that.

    Seeing your loved ones in pain is way worse then being in pain. My wife almost bled out in labor and it was terrifying. I mean absolutely terrifying. She was not in pain but she could have died. Terrifying. Our son was also born with club feet. We knew it was coming and prepared but still it can be a lot.

    So I say be prepared for the unexpected.

    Talk soon and I am ready to join your NorCal Dad group.
    EJ

    Reply
    • Financial Samurai says

      June 19, 2017 at 11:00 pm

      NorCal dad / blog group sounds like a blast! You’re kinda ahead of me, so how big of an age gap should be the max before it becomes an imbalance?

      I’m glad your wife and son are OK!

      Reply
  40. Mike H says

    June 18, 2017 at 9:13 pm

    Happy Father’s Day, Sam! I too had my daughter be born at the age of 40 and she is turning four in a few days. The first year is pretty tough but it gets easier from there. Enjoy the moments and all the novelty with the new ‘firsts’. Keep a journal and photo diary for your son that he can read when he is much older.

    Best wishes,

    -Mike

    Reply
    • Financial Samurai says

      June 19, 2017 at 10:59 pm

      Man, pretty crazy how fast time flies right? I remember when you told me your daughter was born.

      There will be no problems keeping a journal. I have FS after all! And I will have to limit the number of pictures I take… although I hear the iPhone 8 will have mega storage.

      Reply
  41. CuriousOne says

    June 18, 2017 at 9:00 pm

    If a Mother is the “heart”, a father is the “Brain”.

    Traditionally.

    And of course, with it comes the conventional tussle between heart and brain.

    A brain vs. heart role can be inter-played by experienced parents inter-changeably as the kid grows their own mind to play their parents.

    But thats the point.

    Financial freedom is a brain thingy.

    Unconditional love is a heart thingy.

    Somewhere in between lie our children, and our own life.

    Will elaborate, if this makes sense to anyone,
    CuriousOne.

    Reply
    • Financial Samurai says

      June 19, 2017 at 10:58 pm

      Yes, feel free to elaborate with some examples of conflict/resolution. I think I know what you mean, but concrete examples are great.

      Reply
  42. Untemplater says

    June 18, 2017 at 7:45 pm

    Congrats and happy Father’s Day!!!!! Really good tips on how to be a better dad in this article. It’s pretty awesome technology today lets us take high res photos and videos to capture so many special moments. Our parents sure didn’t have that when we were born.

    You’re already an awesome dad based on how prepared you are and in how you think and act. Your son is one lucky little guy!

    Reply
  43. High Income Parents says

    June 18, 2017 at 7:33 pm

    Very nice. As a father of five, I’ve been fortunate to learn a bit over the last 15 years. You hit some awesome points and the other commenting here have as well.
    One thing that has stuck out to me is to play with your kids as long as you can. Figure out ways to keep getting out there and doing stuff other adults are probably thinking and sometimes saying you shouldn’t be doing.
    Ride bikes, do skateboard tricks, jump off the diving board and do flips on the trampoline with them. It keeps you young and healthy and encourages them to experiment with a parent’s guidance alongside them. Push them to try things that are hard and a little scary. Before you know it, they will be pushing you back and that is awesome.
    Happy Father’s Day!

    Tom @ HIP

    Reply
    • Financial Samurai says

      June 19, 2017 at 10:58 pm

      Thanks Tom. I totally am looking forward to being an active dad, which is why I need to continue exercising, eating right, and fitting into my pants for the next 23 years until he forgets all about me!

      * Tennis, basketball, football, soccer, badminton, baseball, hiking, jogging, biking, golf are all no problem for now. I can’t wait!

      Reply
      • AfterLaw says

        June 20, 2017 at 3:28 pm

        And playing video games counts! I do a lot of bonding with my son by trying to keep up on the computer. Plus, honestly, it keeps me close to what he is seeing/ doing in the computer. It doesn’t all have to be sports.

        Reply
  44. Tawcan says

    June 18, 2017 at 7:32 pm

    Congrats Sam & wife! Being a father is awesome and very rewarding. It gets better as the kid grows up as you can have more interactions together. I’m amazed with my kids everyday.

    Being a mother often is even harder than being a dad. It’s important to provide support and help to you wife whenever you can. And definitely work even harder on your relationship.

    Reply
  45. Mr. Hammocker says

    June 18, 2017 at 6:39 pm

    Fathers need to spend more time with kids. If finances are not in order, the father ends up spending more time working outside the home. When finances are in control, it is that much easier for the father to be around more.

    I cherish all of the moments I have spent with my dad. Great post on Father’s Day!

    Reply
  46. Full Time Finance says

    June 18, 2017 at 6:01 pm

    Congrats Sam. Being a father is hard work and it gets more involved with each passing year.. But its worth every moment each time your child gives you a hug.

    Reply
  47. Master Duke says

    June 18, 2017 at 4:38 pm

    This article speaks to so many things I look forward to when having a child one day. My dad taught me so many things and never missed a sport event, he worked long hours to provide for our family and still found time to take us fishing.

    The stats help solidify the importance we all know in having a father in our life. This post helps others to see that. Thank you for sharing !

    Reply
  48. Theofficialjohnandre says

    June 18, 2017 at 4:28 pm

    It’s tough. My son is 2 mnths tomorrow and I have been sleeping on a futon since birth. It is FINALLY getting a little better with sleep.

    The maternity rules in this country is inhumane. We are going single income for a couple years, thank God daddy has a side job.

    I was surprised that’s it not that expensive. I dont drink anymore, eat out less and haven’t traveled. The only killer is health insurance…but the infant is cheap.

    Reply
  49. Apathy Ends says

    June 18, 2017 at 3:38 pm

    We are 10 weeks into parenthood, great advice in the post Sam.

    My advice is start working on your patience, I am not a very patient person but newborns pretty much run the show and it can get frustrating at times. deep breaths and re-set when things get rough.

    I try to get my wife a 1-2 hour nap a few days a week when I get home from work, get some bonding time in and get her some in-interrupted sleep.

    Reply
    • Financial Samurai says

      June 19, 2017 at 10:55 pm

      I pray for patience every week. I feel like I have this V12 engine mind and energy that tends to have to wait for a lot of people to do things. So I feel you!

      Reply
  50. Physician MD says

    June 18, 2017 at 3:36 pm

    In regards to #2, what non-Silicon Valley job gives more than two weeks paternity leave? As a physician I am lucky to get more than 3 days let alone 2 weeks. Taking just those three days off means dozes of missed patient appointments, missed surgeries, etc.

    Reply
    • Sandra says

      June 18, 2017 at 10:19 pm

      Johnson & Johnson now gives mothers 20 weeks maternity leave (birth/adoption) and the second partner 8 weeks of paid parental leave. The latter may be taken as a lump or spread out over the first year following a birth or adoption.

      Reply
    • KMac says

      June 19, 2017 at 1:15 pm

      Financial services jobs give paternity leave – my company gives non-birth parents 2 weeks and birth mothers 12 weeks. My husband’s company gives dads 5 weeks at 100% pay to be taken over 6 months – his old company was 6 weeks at 80% pay. They are definitely out there.

      Reply
  51. Chris says

    June 18, 2017 at 2:44 pm

    Sam,
    I LOVE this article! I wish every family in my town of Chicago could read it. After working in the legal department of a local charity, I was shocked at how many families in our city were headed up by single moms. That’s a lot of the reasons why Chicago is having so many issues- not enough fathers sticking around to tell their kids NO.
    You will be an amazing father- you give so much to others… hope your ability to have children comes easy….sometimes it does not unfortunately.

    Reply
    • JayCeezy says

      June 19, 2017 at 11:42 am

      Chris, a lot of people don’t know this, but the most confusing day of the year in Chicago is Father’s Day.

      Seriously, we should be careful what we wish for as far as fathers sticking around. Sometimes ‘no father’ is better than a ‘Chicago father’.

      Dispute Over Wrong Drink At Starbucks Ends In Wrestling Match, Stabbing
      June 19, 2017 7:46 AM

      CHICAGO (CBS) — A trip to Starbucks ended violently on Sunday, after two customers got into argument over a wrong drink order, and one of them got cut with a knife.

      Witnesses said it started Sunday afternoon, when one customer apparently got into a dispute with staff because he got the wrong drink, and another customer tried to intervene…

      Reply
    • Financial Samurai says

      June 19, 2017 at 10:54 pm

      Thanks a lot Chris! I look forward to fatherhood.

      Why do you think the fathers don’t stick around? And what do you think are the reasons why the mothers take the risk of getting pregnant if they don’t feel there’s a high certainty of the father sticking around? What do the fathers do and where do they go?

      Reply
      • JayCeezy says

        June 20, 2017 at 12:00 pm

        FS, the problem of absconding fathers in Chicago is even worse than we thought!

        Chicago was the only major U.S. city to lose population from 2015 to 2016
        Chicago’s population fell – the third straight year of population loss, according to the Census Bureau.

        (Chicago Tribune) By Marwa Eltagouri
        May 28, 2017, 3:00 AM |Reporting from CHICAGO

        Chicago was the only city among the nation’s 20 largest to lose population in 2016 — and it lost nearly double the number of residents as the year before, according to newly released data from the U.S. Census Bureau…”

        Reply
  52. Adam and Jane says

    June 18, 2017 at 2:41 pm

    Congratulations! Wishing good health to your son and your family!

    Reply
    • Financial Samurai says

      June 19, 2017 at 10:51 pm

      Gracias!

      Reply
  53. Chris says

    June 18, 2017 at 2:32 pm

    Was a typical guy… didn’t really want kids early in marriage, wife got me to agree to the ol’ 5 year plan. Well, we realized about 3 years in that we had to do something different due to medical complications – so, we started. 18 months, no success – IVF. 2 rounds of IVF (free, due to great medical insurance) – BBG triplets.

    Flashback to about a year before we started trying – we got our finances mostly in order. No debt other than the house, started saving/investing as we knew how. Hadn’t found FS yet, so just dumped money in the company 401ks and kept working.

    Kids are 2.5 years old now.. because of the things we did previous to the kids being born, we survived:

    – Kids born at 28 weeks, 8 weeks in NICU, 1.2M in hospital bills.
    – Severe reflux from being born that early – kids ate $70 cans of formula (a can lasted 1 day).
    – My job giving me a 40% paycut.
    – 5 year stagnation in employment advancement.

    Now, we’re mostly on pace to retire on time (71% according to Personal Capital), and working on maximizing income / decreasing spending. Only debt is the mortgage and the van I had to buy for the kids. We’re going to launch TacklingTriplets.com to help with income, a blog that focuses on how to prepare for, live with, and survive having multiple kids at once.

    Reply
    • JayCeezy says

      June 18, 2017 at 7:06 pm

      “People ask me, ‘what’s it like having five kids?’ I say, ‘picture having four kids….and you are drowning…and then somebody throws you a baby!” – Jim Gaffigan

      Chris, good thoughts to you and Mrs. Chris and tacklingtriplets.com! Looking forward to reading about your journey!

      Reply
    • Financial Samurai says

      June 19, 2017 at 10:51 pm

      Wow, what a journey! At least the IVF and $1.2M in medical bills was free right? Glad your triplets are doing well!

      One is hard enough to handle w/ the both of us a stay at home parents. I can’t imagine caring for 3 without full-time help. One for each!

      Reply
  54. Claire says

    June 18, 2017 at 2:29 pm

    Congratulations Sam! And happy Father’s Day to you!

    Considering how much you give to total strangers in the hope to help and educate them, I have absolutely no doubt you will be a wonderful dad!

    Reply
    • Financial Samurai says

      June 19, 2017 at 10:49 pm

      Thanks Claire. I’m eagerly looking forward to adding some value!

      Reply
  55. Mustard Seed Money says

    June 18, 2017 at 2:25 pm

    Fatherhood is the best and hardest thing that I’ve ever done. I love spending as much time with my son and reaching FIRE is one of my main drivers so that I can spend more time with him especially since he actually wants to spend time with me right now. In the future, I’m sure that won’t always be the case so I’m trying to soak that up now while I can.

    Reply
  56. Mr. Freaky Frugal says

    June 18, 2017 at 2:04 pm

    Your post brings back some fond memories! I’m a father of 2 adult sons. I’m proud of both of them and both are doing well.

    You have a great list, but here are a couple of things I’d add to your list especially as your son gets older:

    1) Remember your job as a parent it to prepare your child for life. The more you can simulate the way the world works at home, the less surprised your child will be when he goes out into the “real” world. There are a lot of things your job as a parent is not. Your job is not to be his best friend although you may become good friends when he becomes an adult. Your job is not shower them with gifts because you feel guilty for spending less time. Your job is not to fill every waking minute with learning because a child needs to explore and play on his own.

    2) Once your child hits 18, the die has been cast. You have either done a good job or not, but there you’ll have much less influence than you had when he was younger.

    Anyway this stuff worked for me, so I hope it will be useful to you.

    Reply
    • Chris says

      June 18, 2017 at 2:40 pm

      Love that advice as I’m sending my 18 year old off to college!

      Reply
      • Ms. Frugal Asian Finance says

        June 20, 2017 at 6:48 am

        My son is only 2, but I just can’t picture how I will rest well at night knowing he’ll be out there in the world by himself once he’s 18. I even feel sad thinking about what girl will give him his first heartbreak and what I’m gonna do about it. >_<

        Reply
    • Financial Samurai says

      June 19, 2017 at 10:49 pm

      Thanks for the additional tips! Is the die really cast though at 18?

      I messed up at 17.5, but really grew up quick in college b/c the real world was zooming in soon.

      I plan to definitely explain the reasons for the way things are instead of just telling him this and that.

      Reply
      • Mr. Freaky Frugal says

        June 20, 2017 at 4:45 am

        I think the die is cast in the sense that you – as a parent – have very limited influence after your child turns 18 and becomes an adult. Of course, your adult son will make mistakes, learn, and adapt just like everyone else.

        Reply
    • Dunny says

      August 5, 2017 at 3:46 pm

      The die is cast long before age 18. You can see it in pre-schoolers which way they are going based on parenting. If you don’t spend time, don’t give a good example, don’t talk to the kid, are not present, discourage their interests in favour of your own, tease them, scare them, break promises, don’t provide routines, are not reliable, don’t give them chores and make it fun, don’t teach them things like how to cook or plant something, feed them junk food, let them sit in front of a screen all day, and are a show-off parent needing admiration from them and competing with them, you will have trouble when they are young that cannot be corrected later. Kids like any human need time/attention, safety, and a job.

      Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *


Top Product Reviews

  • Personal Capital review (free financial tools)
  • Fundrise review (real estate marketplace)
  • CrowdStreet review (real estate marketplace)
  • RealtyMogul review (real estate marketplace)
  • Credible review (student loans, mortgages, personal loans)
  • LendingTree review (mortgages)
  • PolicyGenius review (life insurance)
  • Allstate (auto insurance)

Financial Samurai Featured In

Categories

  • Automobiles
  • Big Government
  • Budgeting & Savings
  • Career & Employment
  • Credit Cards
  • Credit Score
  • Debt
  • Education
  • Entrepreneurship
  • Family Finances
  • Gig Economy
  • Health & Fitness
  • Insurance
  • Investments
  • Mortgages
  • Most Popular
  • Motivation
  • Podcast
  • Product Reviews
  • Real Estate
  • Relationships
  • Retirement
  • San Francisco
  • Taxes
  • Travel
Copyright © 2009–2021 Financial Samurai · Read our disclosures

PRIVACY: We will never disclose or sell your email address or any of your data from this site. We do highly welcome posts and community interaction, and registering is simply part of the posting system.
DISCLAIMER: Financial Samurai exists to thought provoke and learn from the community. Your decisions are yours alone and we are in no way responsible for your actions. Stay on the righteous path and think long and hard before making any financial transaction! Disclosures