Скачать или смотреть 8 Wealth Building and Money Saving Tips for New Parents

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Do you know how much money it costs to raise a child in America? Nearly $300,000 on average.

That means that, for many Americans, they’ll have to make some tough choices. The average home costs about $350,000. Are you going to have a kid or buy a house? The average retirement costs an estimated $1,120,408. Are you going to have a kid or retire wealthy?

Now, these aren’t purely mutually exclusive… But if your goals are to build wealth, then the choice to have children can certainly set you back in a big way.

I know this first hand: I just had my second child on December 21, 2022.

The goal of DIYwealth has always been to help you make more, save more, and have a more fulfilled, wealthier life.

I wanted to make a video that gives you little-known tips and tricks for saving money and building wealth as a new parent.

So I invited my wife and business partner (a mom of 3) to share what they have learned as well.

0:00 Intro
0:45 Tip No. 1 - Be wary of the New Mom Marketing Machine
2:02 Tip No. 1.5 - Don't overspend on flashy toys
2:30 Tip No. 2 - Accept Hand-me-downs
2:54 Tip No. 3 - Buy for your goals, not for your needs
4:15 Tip No. 4 - Hunt for Bargains
4:52 Tip No. 5 - Find your Community
5:19 Tip No. 6 - Avoid the Temptation of Emotional Purchases
6:03 Tip No. 7 - Learn how to find free events and activities
6:53 Tip No. 8 - Buy your kids a gift that pays off for their whole life (get a head start on this idea by reading Becoming Your Own Banker by Nelson Nash: https://amzn.to/3vzmAEV (affiliate link)

Have you learned any great tips for saving money or building wealth as a parent? Share them in the comments below!

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About DIYwealth: There’s an obscene amount to learn about making and managing money. The education system just doesn’t equip people very well with the tools they need to build wealth on their own. What’s worse, the folks who are actively seeking this information (like you, like I was), don’t know enough to be able to pick out the bad from the good. The real from the fake. DIYwealth strives to cut through the nonsense and give entertaining and pragmatic, level-headed commentary and advice about wealth, investing, mindset, and the news that can impact your wallet.

DISCLAIMER: DIYwealth is a publisher of financial information, not an investment adviser. We rely upon the “publisher’s exclusion” from the definition of investment adviser under Section 202(a)(11)(D) of the Investment Advisers Act of 1940 and corresponding state securities laws. We do not provide personalized or individualized investment advice. Any information provided is for educational purposes only, is impersonal and not specific to any person’s investment needs.

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