If you’re thinking about hiring an au pair, you know firsthand how much work is involved in raising kids. The pandemic switched life to extreme hard mode for working parents with young children.

Thanks to the vaccine rollout, the peak of the pandemic seems to be behind us. However, we’re still homeschooling our son, at least until this Fall. It can be exhausting at times with a wild 4-year-old and a very curious 1-year-old at home practically 24/7. They get into everything!

But the days and memories we’ve had with them are also precious. We’ve far surpassed the average amount of time a parent spends with a kid a day. Further, we’ve also been able to save $24,000 so far on preschool tuition.

For those parents who are constantly exhausted, hiring an au pair could be the perfect solution. And thankfully, hiring an au pair is now more feasible due to new regulations under the Biden administration. Starting on March 31, 2021, hiring an au pair gets the green light for families in America!

Antoine Watson, 19, decided to bum-rush and kill an 84-year-old man walking on the sidewalk minding his own business. Apparently, Antoine Watson was vandalizing a car across the street when he looked up and barked at the 84-year-old man to mind his own business.

This incident hit home with me. I was parking my car in Golden Gate Park once and I also saw a fella across the street smash a car window to steal something. As I looked at him, he told me to “mind my own business” as well.

The difference with me and Vicha Ratanapakdee, the 84-year-old Thai man Watson killed, is that I would have busted out both tennis racquets from the trunk of my car and beat his ass if he rushed over and threatened my family. There is no honor in attacking an elderly person, unprovoked.

Are you a parent who feels guilty for not spending enough time with your kids every day? Perhaps you are chasing money and prestige more than you should. Good news! The average amount of time parents spend with their kids a day is shockingly low!

The amount of time is so low, it makes me question the veracity of the source: OurWorldInData.org. It’s kind of like when you hear the often cited, “40% of Americans can’t come up with the money for a $400 emergency.” Is that really true?

Our World In Data offers the average amount of time parents spend with their children per day in the UK, Canada, France, German, Denmark, Italy, Netherlands, Slovenia, Spain, and the United States.

The organization was started in 2011 by Max Roser, a development economist at University of Oxford. Although the organization is two years younger than Financial Samurai, I’ll accept it!

I’ve written about how to become a millionaire by 30. A lot of luck, hard work, strategy, and risk are involved. Most of us will eventually become 401k millionaires by 60 if we keep contributing the maximum. However, what about becoming a millionaire by 20? It sounds almost impossible given kids must focus on school usually until the age of 18.

Let’s go through a thought exercise on various ways to become a millionaire by 20. I’ll use some examples to demonstrate the possibilities. Once we realize what is possible, more good things are likely to happen.

But first, let’s discuss why you may want to or need to become a millionaire by 20. For those of you with young children or plan to have children, this post should be of particular interest. Or maybe, you are an enterprising young gun who already has the maturity to plan for the future!

The benefits of a revocable living trust are priceless. With a revocable living trust, parents can rest easier knowing their estate will be dispersed in a manner in which they desire.

Every parent’s responsibility is to try to give their children as many opportunities in life as possible. As a result, we get life insurance, set up a 529 plan, establish a will, invest for their future, and spend as much time with them as possible before they fly away.

Trusts may have originated in the 8^th century but became more common during the times of the crusades. Knights would travel to far off lands, fighting for their church and king. These men left their families for months if not years with little communication back home.

They left wives and children to tend to the home not knowing if they would return until they either showed up at the front door or the other knights came home and told their families they didn’t make it home from the battle.

If there was no trust in that day, the Crown could claim any property belonging to the knight under royal rights and the wife and children carry on penniless.

Fortunately, we aren’t as archaic today but there are still benefits of a trust, especially for those with a high net worth.