31 min listen
The Business of Babies
ratings:
Length:
53 minutes
Released:
Sep 2, 2019
Format:
Podcast episode
Description
The United States Department of Agriculture (USDA) estimates that it costs nearly a quarter of a million dollars to raise a child from birth to age 18. That tally does not include the cost of a college education.
The largest piece of that pie lies in housing and transportation at a whopping $107,000. Next, you’ll factor in childcare and education at $44,000. (See? I told you this shit is expensive).
Following that is clothing/miscellaneous and healthcare at $33,000 and $20,000 respectively. Let’s get crazy and add the cost of college into that number. Now we are easily pushing over $350,000 to raise one child.
Having kids is not a business decision for most people but it comes with many of the same considerations. There are no “one size fits all”.
Let's look at some things to consider before embarking on what I called my new business and what you would probably call your family. Let's talk about the business of babies.
Full Article Here
Learn more about your ad choices. Visit megaphone.fm/adchoices
The largest piece of that pie lies in housing and transportation at a whopping $107,000. Next, you’ll factor in childcare and education at $44,000. (See? I told you this shit is expensive).
Following that is clothing/miscellaneous and healthcare at $33,000 and $20,000 respectively. Let’s get crazy and add the cost of college into that number. Now we are easily pushing over $350,000 to raise one child.
Having kids is not a business decision for most people but it comes with many of the same considerations. There are no “one size fits all”.
Let's look at some things to consider before embarking on what I called my new business and what you would probably call your family. Let's talk about the business of babies.
Full Article Here
Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
Sep 2, 2019
Format:
Podcast episode
Titles in the series (100)
The 4% Rule – A Retirement Spending Strategy: What is the 4% rule? It is the magic formula for early retirement. Make your money work for you while you no longer have to work. by Listen Money Matters - Free your inner financial badass. All the stuff you should know about personal finance.