1998: How Having a Baby Changed My Financial Goals by Logan Allec

Optimal Finance Daily - Financial Independence and Money Advice

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Investing, Business, Education, Self-improvement

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🗓️ 17 August 2022

⏱️ 10 minutes

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Summary

Logan Allec of Marriage Kids And Money talks about how having a baby changed his financial goals Episode 1998: How Having a Baby Changed My Financial Goals by Logan Allec Andy Hill is a husband and father to two awesome (and crazy) kids and they hail from the great state of Michigan. His goal is to give his family the best life possible and strengthen their family tree for generations to come. In 2016, he got so geeked about this topic of young family finance that he decided to start a blog and podcast about it. It began as a hobby and then morphed into a fun side hustle when people started to enjoy the information he was sharing. Fast forward to today, he’s left his corporate event marketing career behind and is now a full-time blogger and podcaster who has been featured in major media outlets like CNBC, Kiplinger’s Personal Finance and NBC News The original post is located here: https://marriagekidsandmoney.com/having-a-baby-changed-financial-goals Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily Episode 1998.
0:04.4	How Having a Baby Changed My Financial Goals
0:07.7	By Logan Allick with MarriageKidsInMoney.com
0:11.7	And I'm your host and personal finance enthusiast, Diana Mariam.
0:16.0	For now, let's get right to it and continue optimizing your life.
0:24.3	How Having a Baby Changed My Financial Goals
0:27.5	By Logan Allick with MarriageKidsInMoney.com
0:32.2	There's no question that having a baby changed my life.
0:35.8	I just wasn't quite prepared for the impact it would have on my finances.
0:40.7	I was definitely prepared for all the expenses of having a newborn.
0:44.7	However, I also found myself adjusting my long-term financial goals in a way I hadn't expected.
0:51.9	If you're a new parent or about to become one, you might find yourself thinking about
0:56.4	new financial goals that probably weren't on your mind before.
1:00.8	You might also realize you have a different mindset when it comes to money.
1:05.1	Everyone's experience is different, but here's how the birth of my son changed my
1:09.1	own financial goals.
1:11.7	New Long-Term Outlook
1:14.2	Before my wife and I had our baby, our goals were to save and invest and perhaps even
1:18.9	to be able to retire early.
1:21.3	After all, if we could quit 5 or 10 years before the median retirement age of 62, we'd
1:26.6	have more time to see the world.
1:28.8	However, after we had the baby, we started thinking less about retirement and more about
	...

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