Money Guy Show Young Couple Saving for Future Family Over Themselves | Making a Millionaire
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Jun 9, 2025 Daniel and Lindsay, a young couple in Boston, explore their financial journey with over $240K in net worth. They share lessons learned from investments aimed at future kids and tackle unexpected costs, like a surprising $9,000 sewer issue. With dreams of parenthood on the horizon, they navigate the delicate balance of current savings and future family planning. The discussion also delves into mortgage strategies, budgeting adjustments, and the importance of flexible financial planning as they prepare for life's next big chapter.
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Unexpected Rental Repair Costs
- Right after moving out, a $9,000 sewer pipe leak occurred in their rental house.
- This incident gave them a firsthand taste of landlord challenges and repair costs.
Early 529 for Future Child
- Daniel and Lindsay created a 529 college savings account for a future child they call Timmy.
- They started saving early even though they have no children yet, illustrating their proactive mindset.
Too Much Cash Is A Drag
- Too many cash buckets lead to overly conservative cash hoarding.
- Consolidate to higher emergency funds to free money for investment and reduce cash drag.