January 12, 2009, 6:00 am

The Funny Thing About Plans Is…

by: The Financial Blogger    Category: Project $1500
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I am a financial planner. Most of the time, I make plans. I make plan for my retirement, for my client, for my investment strategy, when I start a daycare at home, when I do home renovations, when I start a company. I love to make plans. However, the funny thing about plans is that they sometimes seem to be the Financial Chaos Theory puppet. It seems that you can spend your whole life making plans that will fall one after the other 😉

It’s okay ‘cause I am good with chaos. I actually got that nickname when I was a kid. Chaos would not exist without planning and planning would not exist without Chaos. This is an interesting balance.

So, Chaos knocked on my door once again over the weekend. We are not starting the daycare at home anymore. Say what? I asked my wife. “I changed my mind”. Hum… that sounds very familiar 😉 hehehe!

However, I must admit that I have to take my share of responsibilities in this mind turnover. I am actually trying to convince her of having a third child (since we are at it!). The thing is that if she keeps her job and she becomes pregnant, she will automatically stop working (because her job is too dangerous for the foetus health) and still get paid. Therefore, she will get 21 months paid at 90% (9 months), 70% (6 months) and then 55%(6 months) of her pay cheque.

By that time, I would probably be able to tell my wife that she can stay home forever! My job is going well, the internet company is growing, everything is in place so she can stop working and take care of the kids.

I was actually thinking about having another one for a while now. However, I had to make sure that the financial advantages were not the main reasons why I wanted to have one right away. It obviously played a role in my decision. However, it was important for me to make sure I was not mainly benefiting from the fact that my wife could stay home as of 2009 without any other effort.

So plans are plans and reality bites you in the neck when you are about start a new project! So the daycare is ready but we are not anymore. The good news is that we have the option to start it whenever we want (and that I now have a 5’ X 3’ full ceramic shower and my basement!!!).

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Keep in mind that with the fertility rate as low as it is currently is we can’t even replace our population without immigration. You could be single handedly saving our countries way of life in the future by having another kid. It’s your duty!

Hey, my wife’s having number 3 also. She’s due in March. This is new territory for me as my parents only had two. Do I need a minivan? A bigger house? The adventure continues.

Goal Hunter,
I’m actually wondering about the same questions!
I hope that I don’t have to buy a minivan 😉

We actually plan on having 2 kids in the same bedroom in order to not move right away. We would prefer to have a room per kid but this requires to build another room on top of our garage (I guess it would be around 25K)

I am pretty sure that you can fit 3 kids (with their seat) in a SUV. I’ll have to check it out 😉

Good luck!

Agree with Traciatim – I’m not having kids so you’re making up my quota 🙂

by: The Financial Blogger | January 12th, 2009 (7:23 pm)

Traciatim, Nancy
your bill is in the mail for my “production” 😉

[…] The Financial Blogger: The Funny Thing About Plans Is… […]

Wow! Where does she work that she gets 21 months of paid leave? Are you in the United States? If so, that’s amazing.

Is there any reason she couldn’t do the daycare while she’s pregnant? The lady who used to care for my son after school had a daycare in her home. She had ten kids of her own (no joke!), and she would take in another half-dozen to help make ends meet. Most of her own children were school age, and the high-school-aged kids would sometimes help with the babysitting.

She gave birth to a beautiful baby while my son was in her care — at that point, the only difficulty she had was seeing to it that the infant wasn’t exposed to disease. One moron brought her preschooler with a case of chickenpox, and so the daycare was shut down for two weeks and firm new rules were put in place.

This lady was highly organized, very efficient at caring for kids and the home, and wonderful with children. If your wife has that kind of personality and lots of energy, she might pull it off…

by: The Financial Blogger | January 21st, 2009 (11:17 pm)

in Quebec (Canada), she would be on maternity leave as soon as she knows that she is pregnant in order to prevent health issues for the fetus.

However, if she starts her own daycare, she won’t benefit from the same kind of insurance. Therefore, she would have to keep working until she gives birth. Quite a decision to make !

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Yes, reality has a way of derailing plans that we spend so much time creating.
That’s why I don’t keep anything on paper – I’m always updating, erasing, adding or subtracting.
Wow .. that’s a lot of maternity leave!

[…] The Financial Blogger says that plans many not always work out in the post “The Funny Thing About Plans Is…”  The Financial Blogger says that it’s always good to have goals  but it’s also good to have a Plan B, just in case things don’t go exactly as planned.  I am all for setting goals and having a plan but we have to be flexible in case our Plan doesn’t go as planned.  Achieving our goals is our priority, how we achieve them is not important. […]