Rich Habits Podcast

Q&A: S&P 500 vs. Nasdaq 100, Retained Earnings, & Saving for a Newborn

13 snips
Dec 19, 2024
The hosts tackle burning questions in a lively Q&A session! They discuss investment strategies between the S&P 500 and NASDAQ 100, highlighting the latter's strong returns. Future parents learn about essential financial preparations and the importance of saving for childcare costs. The conversation also dives into smart planning for families with a single income, emphasizing life insurance and emergency funds. Lastly, they introduce an innovative app allowing users to invest through daily purchases, making investing accessible and fun!
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ADVICE

Planning for Children

  • Blake and his wife should plan for children but avoid overspending.
  • They should listen to episode 72, "Financial Checklist for Parents", for guidance.
ADVICE

Financial Preparation for Parenthood

  • Determine the added cost of a child and prepare financially.
  • Secure an emergency fund and build a strong financial base.
ADVICE

Childcare vs. Stay-at-Home Mom

  • Compare childcare costs against potential wife's income.
  • Build a financial buffer for unexpected expenses.
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