The Long View Dr. Jay Zigmont: Handling Your Finances When You Don’t Have Kids
Apr 1, 2025
Dr. Jay Zigmont, a certified financial planner and founder of Childfree Wealth, discusses the unique financial realities faced by child-free individuals. He debunks myths about this lifestyle, emphasizing income equality among child-free households. The conversation explores tailored financial strategies, the importance of personal values in spending, and the significance of careful estate planning. Jay also introduces the 'Die with Zero' approach, encouraging listeners to enjoy their wealth now while considering future care plans.
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Child-Free Community
- Dr. Jay Zigmont was surprised that financial planning literature overlooks child-free individuals.
- He found a large online community of child-free people, realizing they are a significant demographic.
Child-Free Finances
- Child-free individuals do not automatically become wealthy, but single childless women have the highest net worth on average.
- The gender wage gap nearly disappears for child-free couples, possibly because women aren't penalized for motherhood.
Life Planning over Financial Planning
- Child-free individuals prioritize life planning over financial planning due to the flexibility their lifestyle offers.
- Traditional financial planning often overlooks the unique needs and goals of this demographic.
