Financial Cost of Raising a Child

How much does It cost to raise a child? Quite a bit. Listen, kids cost money. Period. But, in my opinion they are absolutely worth it! As a husband of 13+ years & father of two daughters, in this video I share some candid, personal thoughts about all the different expenses that you as a parent could incur. Buckle up for a wild ride as a parent...it'll be one of the most difficult & selfless things you do...and it is 100% totally worth it. My wife and I love both our daughters dearly and are excited to see them grow up into well mannered & awesome women.
Hope you found a nugget or two in this one. Cheers!
-----
Support the channel - random referral links:
➡️ BLENDERS SUNGLASSES: Get $20 off your order of $50 or more: rwrd.io/dhqkw4a
➡️ Nice & affordable WATCH STRAPS from StrapsCo: strapsco.com/?ref=161
➡️ My MAGNETIC COLLAR STAYS on Amazon: amzn.to/3q70ZPE
➡️ MEDICAL STUDENT LOAN REFINANCE WITH SoFi If you’re interested in lowering your student loan payments, SoFi just announced special low rates just for doctors and dentists. Use my invite link to earn a $1,000 bonus! www.sofi.com/invite/medical-s...
➡️ STUDENT LOAN REFINANCE WITH SoFi (save $300): www.sofi.com/invite/student-l...
-----
➡️ Share this video with a friend: • Financial Cost of Rais...
➡️ Subscribe for more videos: / @financial_awareness
-----
SCHEDULE A FINANCIAL COACHING CALL WITH ME!
🤝 bit.ly/KSchollCoaching
-----
MY WEBSITE
👨‍💻 www.kscholl.com
-----
Timestamps / Chapters
-----
Music: Epidemic Sound - I Wanna Go Down (Instrumental Version)
-----
ABOUT ME 👇
I've been involved in people's financial decisions for 15+ years (7 yrs Real Estate experience & 8+ yrs as a former Financial Advisor)...I now bring the financial successes, mistakes, failures, and best financial habits/tips to you through these videos.
My mission is to bring Financial Awareness to the forefront of your daily decisions so you can: improve your quality of life, increase your net worth, and grow upon your financial literacy. My videos are a reflection of my real-world experience as a real estate investor, stock market investor, student of finance, entrepreneur, and of course...my experience as a Former Financial Advisor.
This channel allows me to share my passion for personal finance, stock market investing, real estate investing, and entrepreneurship. I produce content that I would want to watch, and because of that, I give 100% effort in every video that I make. I also believe in complete transparency and open communication with my audience.
Subscribe if you are interested in:
#FinancialPlanning
#Investing
#Solopreneur
DISCLAIMER: I am not a financial adviser or a certified public accountant. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion.

Пікірлер: 9

  • @Financial_Awareness
    @Financial_Awareness Жыл бұрын

    Is college still worth it? kzread.info/dash/bejne/ZmtlqLFsd5esd8o.html Hope you are able to emotionally and financially prepare for your child if you are expecting…congratulations! Thank you for taking a moment to check out this video & I congratulate you for researching this topic. 👍🏻

  • @roburb73
    @roburb73 Жыл бұрын

    They can be as cheap or expensive as you want them to be :) Location, location, and location! We live in Utah and I've notices that things are much cheaper when it comes to children, i.e., childcare, etc. My son attends private school. This was a non-negotiable with my wife. She grew up in Utah as a Catholic. If you know Utah, the majority of people are LDS (Mormon). When she grew up she would be shunned for not being LDS and said no matter what our son will attend a private Catholic School. My son plays on competition soccer teams and that sure costs some money!. My son has traveled more as a 9-year old than most adults! HAHA! He also travels better than most adults. I'm at the point where I only fly FC and that means he only fly's FC. I joke all the time that my son doesn't know what it's like to enter a plan and "turn right". :) I have to remind him that he will have to pay for this himself when he is older so don't get used to it! scholarship

  • @Financial_Awareness

    @Financial_Awareness

    Жыл бұрын

    @roburb73 - So true! The private/public decision is one that we debate often, but thus far have continued with public. Such a personal decision and it sounds like y’all made a good call. FC too!!! So cool! 😎 *edit: love that you remind him that he’ll have to pay for it when he’s older…my hope would be for him to get a taste of “the good life” so he works hard enough to earn it himself. Idk, but I love that you said that to him. Lol

  • @blipblop92
    @blipblop925 ай бұрын

    Losing the 2nd income, my wife's, has been our biggest financial hit since she has had to stay home for 6 years to raise our 3 kids

  • @Financial_Awareness

    @Financial_Awareness

    5 ай бұрын

    Some things are more important than money. Making sacrifices is difficult. Although this decision y’all have made has impacted your financial life, I pray that it has dramatically improved your family life and I 100% fully support what y’all decided to do there. If done well, you’ll receive priceless dividends for life because of it. My parents had four boys and I cannot imagine how our lives would be different if our mom worked. I’m proud of you. I pray the Lord will bless your family in the years to come. Cheers!

  • @Anthony-zw1qb
    @Anthony-zw1qb Жыл бұрын

    Just found out we are having our 2nd child:) . I hit those road blocks with our first child due to lack of planning and “having no idea what was coming lol” . Putting away $300 a month for the next 8mo in a money market acct so I won’t be tempted to spend it.

  • @Financial_Awareness

    @Financial_Awareness

    Жыл бұрын

    @James-zw1qb - Oh my goodness!!! Congratulations!!!!! I’m so happy for y’all! One of the best things my dad told my brothers and I was to “start saving early” because he didn’t - and you are doing just that! The fact that you’re learning from baby #1 to #2 now speaks volumes to your character…adapt, overcome, iterate, and improve…you love to see it! You’re on a great path…keep it up! As you know, they’re not cheap. Lol

  • @yo_its_javi9808
    @yo_its_javi9808 Жыл бұрын

    The algo brought me here so I must watch. But it sure works in mysterious ways 😂

  • @Financial_Awareness

    @Financial_Awareness

    Жыл бұрын

    @yo_its-javi9808 - Haha! Well, I hope it was worth your time. Lol. If you have a moment and are interested in personal finance, I’ve got a few vids on the channel that may be of interest to you. Thanks for checking this one out! 😃