Older guy with advice here. Spend as much time as you can preparing financially for the future. Your kids when they get older will care more about what you have done and what you can do for them and forget the fact that you missed spending time with them for honestly what are trivial events (while that may be true in some cases it's also I feel a myth created by writers and Hollywood and certain 'whiners' where it mattered).
What my kids (grown now) care about? That I can afford to give them money to help pay with their rent and any financial issues and that their Dad is not 'a loser'. Not whether I read them books or went to games or school events. It's all perspective and how you present it to them honestly.
But to your question yes it's a huge energy drain. Not going to get better either. Just try not to get sucked into things 'because that is what you do for kids and if you don't they will resent it and they will be screwed up'. Not true. Ok maybe in some edge cases true but many of us that are older grew up in a era where Dad and Mom were not our friends and we didn't want them to be either.
Just a word of warning here: my dad thinks along similar lines.
He's extremely self-centered. Anything good that happens to him is his doing, and anything bad is someone else's fault. And he has zero empathy.
After he had his third affair and my mother divorced him, my my brothers and I gradually cut ties with him. He is just not pleasant to be around.
He doesn't understand this. He thinks he is "owned" some love, after all the money and time he spent on us. He thinks my mother manipulated us (it's always someone else's fault).
I know this because after 10 years not talking to him, I allowed him back into my life. But it was out of pity and a bit of a sense of duty, so he could meet his grandson. I don't love him and my siblings positively hate him. He doesn't know my nephews, and probably never will.
My dad too. And same thing, about a decade not talking and now a very superficial relationship that is more sad than anything. All he cared about was money, no empathy, everyone else's fault. Not fun growing up around this -- and can't remember a single time he ever read to me. But I remember my mother often doing such (amongst other things), and we have a very close relationship.
> What my kids (grown now) care about? That I can afford to give them money to help pay with their rent and any financial issues and that their Dad is not 'a loser'.
Well, maybe you should have done a bit more and this relationship would be a little bit less transactional. Something to think about.
I can't begin to imagine how what I said relates to what your experience was (which I am sorry to hear about).
Just because people share some things in common obviously does not make them the same or make a point of view incorrect.
It's like saying 'well my Dad was a hunter as well and he was a lousy father so therefore being a hunter is bad' (Not sure the name of this but I am sure someone will fill in the blanks for the concept).
Yikes.... that is a.... uhhhh.... interesting take on things.
One thing I do agree with is it helps to have your own retirement squared away. It will make it easier on your kids. But all those “trivial events” like reading to your kids... that is what they’ll remember. I remember my dad reading to me and singing me to bed every night. I love that I can pass that down to my kids.
Another older guy here. I can barely wrap my head around how much I disagree with this comment.
Spend your focus on acquiring money for your kids leads to kids who want money from you. Spend your focus on giving love to your kids leads to kids who want love from you.
> Spend your focus on acquiring money for your kids leads to kids who want money from you.
I didn't say that that. And nothing wrong with kids who want money from their parents. It does not mean that they are worthless in their own right. I deal with many people (in what I do) who have very wealthy parents. And despite the stereotype they are not living off their parents but sure they take advantage of the things that money can buy. They are actually (the ones that I deal with) really nice people. Some of them have funded multiple startups and have well known names. I have been paid for what I do by their 'family offices'. But honestly they are really great people in how they operate (with me anyway). They don't appear to have the same 'dog eat dog' way of operating that some hard scrabble people have. This is all anecdotal but what I have found (and it surprised me). A few of them got into 'the good schools' as a result of money their parents gave to those schools (I am pretty sure).
Also what is particularly ironic in this entire thread and your comment is that everything revolves around the kids and not the parent and any of their needs.
Also ironic is the fact that the only reason that anyone is commenting in this thread is because the post was an essay by Paul Graham who surprise surprise 'is successful and has money'. And one of my points is what Paul can do for his kids because of the success and money that he has. Not to mention that people will listen to what he says as well and honestly drool over every single morsel of advice he gives as if it's more special in some way than what you say (as 'older guy') or what I say. [1]
> Spend your focus on giving love to your kids leads to kids who want love from you.
I dated a girl once whose father was a school teacher. He sat in the basement when he got home early from school and watched movies on the VCR. He watched so many movies that he wore the machines out (and as an 'older guy' you remember things were built pretty well, eh?). Anyway I remember her saying to me something like 'Honestly he gives us all the time and attention but I wish he made more money'. In short she kind of thought of his as a 'loser'. He was always there for the kids but was not able to provide a living that kept them up with their friends. (And keep in mind he had a solid job and wasn't an addict or criminal etc.).
[1] And you know this is the case. And it's not like he has some superior angle on parenting that he does on what he is an expert in. Right? It's just interesting because of his 'fame' with the other things that he has done.
"Also ironic is the fact that the only reason that anyone is commenting in this thread is because the post was an essay by Paul Graham who surprise surprise 'is successful and has money'."
Your posts are riddled with these very wrong assumptions, insinuations, conclusions, and pointless diversions.
What my kids (grown now) care about? That I can afford to give them money to help pay with their rent and any financial issues and that their Dad is not 'a loser'. Not whether I read them books or went to games or school events. It's all perspective and how you present it to them honestly.
But to your question yes it's a huge energy drain. Not going to get better either. Just try not to get sucked into things 'because that is what you do for kids and if you don't they will resent it and they will be screwed up'. Not true. Ok maybe in some edge cases true but many of us that are older grew up in a era where Dad and Mom were not our friends and we didn't want them to be either.