Recently, I came across a blog that I found incredibly problematic - one that viewed children solely as financial burdens. While budgeting for additional expenses is reasonable, the prevailing attitude that kids will "ruin retirement plans" or prevent early retirement is sadly misguided.
There's more to life than accumulating wealth or retiring early. Children represent the continuity of the human race and provide priceless rewards. So while kids certainly require financial responsibility, don't begrudge the costs. Instead, focus on embracing the joys of parenting, building family legacies, and contributing to society's greater good. The ironic truth is those who narrowly fixate on children's monetary impacts often miss out on life's most rewarding investments. Check out this week's video for more on this important topic.
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Email me: aaron@lighthousecapital.co.il
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DISCLAIMER: Aaron Katsman is a licensed financial professional both in the U.S. and Israel. Call 02-624-0995 for a consultation on how to handle U.S. brokerage accounts from Israel. This video is for education purposes only and is not intended to give investment, legal or tax advice. If such advice is needed, contact a licensed professional who can help you. Securities offered through Portfolio Resources Group Inc. Member FINRA, SIPC, MSRB, FSI. The opinions expressed are those of the author and not of Portfolio Resources Group Inc., or its affiliates. Neither PRG nor its affiliates give tax or legal advice.