Money For Couples with Ramit Sethi 163. “I work & watch my infant FT b/c we can’t afford childcare”
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Jul 2, 2024 James and Nicole, parents struggling to afford childcare, share their challenges balancing work and raising a baby. They explore financial struggles, the importance of planning before having children, benefits of using NetSuite, and personal anecdotes of financial struggles and lessons learned. The podcast delves into financial behavior, promoting accessible financial planning services, and the impact of high fixed costs on financial well-being.
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Childcare Panic
- Nicole felt panicked and scared about childcare costs after having her second baby.
- She hadn't planned for the expense and realized they couldn't afford it.
Lack of Planning
- Few parents run the numbers before having kids, similar to homebuyers.
- Ramit Sethi emphasizes the need for proactive planning, especially for a rich life.
Application Uncertainty
- James wasn't sure what applying to Ramit's program could do.
- He admits he's not a great planner, despite liking to think he is.