Why Fewer People Are Having Kids Today

Рет қаралды 111,895

Күн бұрын

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Does saying yes to babies mean saying no to wealth and retirement? Rachel and George talk about the major money fears stopping Millennials and Gen Zers from starting a family--including the estimated $310,605 price tag per child. 👶💰
In This Episode:
• Smart Money Happy Hour’s new favorite girl dad
• How less babies running around eventually means higher taxes for all of us
• The bizarre pet George co-owned with an ex-girlfriend
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This Week’s Happy Hour Special:
The Mom-to-Be Margarita Mocktail
• 1 ounce fresh lime juice
• 1/2 ounce fresh lemon juice
• 1/4 teaspoon maple syrup
• 1/8 teaspoon pickle juice
• 3 ounces tonic water
• Rock salt (optional)
• Lime wedge (optional)
Want a classic salty margarita rim? Start with a wedge of fresh lime. Swipe it along the rim of your glass. Turn the glass upside down and dip the rim into a plate of rock salt.
Now, we drink! Grab your salted (or unsalted) glass. Add the lime juice, lemon juice, maple syrup and pickle juice. Give it a good stir. Add ice and top with tonic water. Enjoy!
Pull up a chair to the happy hour you wish your friends were having. Mix two money experts with some hot takes and a splash of nostalgia, and you get Rachel Cruze and George Kamel talking unfiltered about what’s going on in the world, pop culture, and how to afford a life you love.
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Пікірлер: 767

@GeorgeKamel Жыл бұрын

Thank you all for the sweet, congratulatory comments! Had to let my SMHH peeps be the first to know! ❤

@EFN86 Жыл бұрын

Congratulations!!

@courtneyfeenan6573 Жыл бұрын

Congratulations!!

@TheeRoyalAfro Жыл бұрын

Congratulations George & Whitney!

@brendant2180 Жыл бұрын

congrats on the baby girl! very excited for you

@desdill Жыл бұрын

Congrats!

@angelachapman4415 Жыл бұрын

I liked this discussion but just some honest feedback- I think it's easy to sit and say don't let finances stop you from having kids when you're millionaires. It just feels a little easy for you to say that from where you sit. I still somewhat agree with you but it depends on the circumstances of each person. If you are in deep debt or struggling to afford rent or something, it is a very real consideration.

@taylerlong2995 Жыл бұрын

Agree. Our kid had some needs that weren't expensive, necessarily, but did keep me from working. It's been tight and if we'd still been in debt when we got pregnant, and I couldn't work, we'd still be in debt today four years later.

@sassygrilledcheese Жыл бұрын

No Kidding. Not to mention that this country (the US) is very anti-parent. attainable jobs rarely accommodate parents and single moms, and if you can't have a good enough paying job how are you going to afford daycare and more expensive housing in addition to the default costs of raising a kid? It feels impossible.

@JL-ds1pi Жыл бұрын

They didn't deny the fact, "it will cost $300,000 from when they're young up until they're 18". So that's why they said you need to prepare and budget. They spent like 20 minutes talking about the costs.. you must've missed it. I think one thing that wasn't talked about is also when we delay in having kids, when you are financially 'stable', it would be much later in your life, health and fertility is a factor.

@maxlodewyk_na Жыл бұрын

@@JL-ds1pi spot on.

@jelaninoel Жыл бұрын

Yea the more I listened the more these two sounded out of touch with regular people. No doubt they’re rich talking like that

@jck6920 Жыл бұрын

We don’t need more help with childcare in this country; we need more help to enable parents to stay at home and raise their children. And we need a culture and society that is supportive of stay at home parenting and invested in stay at home parenting.

@astrea79 Жыл бұрын

Part of it is also higher expectations. I've been told by my own parents that if I can't provide the same quality of living as I had growing up, then I wouldn't be a good parent. Meaning, if I can't afford a single family home, be a stay at home mom and pay for their college. Attaining that lifestyle is much more difficult than it was when my parents were my age.

@katemiller7874 Жыл бұрын

Oh bull. We made less money, interest rates were higher in the 80’s we worked our asses off

@astrea79 Жыл бұрын

@@katemiller7874 I'm sure you did work hard. But housing is still more expensive than it was 40 years ago and wages haven't kept up with inflation. Average daycare cost is 243.77% higher than it was in 1990. And I would need daycare because my spouse and I both work full time, unlike my parents in the 1980s.

@K-sd5so Жыл бұрын

What??? Plenty of good parents don’t have single family houses, pay for college etc. I’m a single parent if 3 and we are just fine.

@astrea79 Жыл бұрын

@@K-sd5so I know it's possible but my parents believe it's not ok for me to "bring down" their grandkids. I.e. have a lower standard of living than what I had growing up. Basically I should have married a millionaire or won the lottery 😅 my parents are just being stuck up and guilt tripping me.

@kellygoodwin1439 Жыл бұрын

I feel you, it's so hard. Inflation over the past 5 years has been insane. Housing prices DOUBLED in my area going from 200k to 400k. If I had graduated 5 years later, I would not have been able to afford to live in what used to be an affordable town in GA. Groceries are so much more. It's not like incomes doubled within 5 years!!

@jill9606 Жыл бұрын

I’m a 30-weeks pregnant mom of a 2 year old and this is one area I totally disagree with the Ramsey show about- “have kids regardless of debt” because I think it totally contradicts what they say about everything else. Oftentimes, daycare is as much, if not more, than a mortgage. We will pay $1,700/mo for daycare for 2 and our mortgage is $1,711/mo. You wouldn’t encourage someone to get a second mortgage, so why are you encouraging people to have children endlessly?

@PookysMom6 Жыл бұрын

If you don't bring home much more than $1700/month, it might be time to consider staying home for a season. Take in to consideration what it costs to work: day care, professional clothing -- care/upkeep/purchasing, lunches, gas, car maintenance, etc. If you're only bringing home $100/month, is working worth it? (For my family, that's exactly what happened, and so I stayed home with my children. There were some months that were harder than others, but every bit of it was worth it for my family!)

@jill9606 Жыл бұрын

@@PookysMom6 I bring home $5,500/mo excluding my husband’s salary nearly twice mine, so $1,700 doesn’t make or break us. The point is that a lot of people who are already barely scraping by have kids and can’t afford childcare but also can’t afford to stay home, so they shouldn’t be encouraging people to have babies left and right.

@donaldlyons17 Жыл бұрын

@@jill9606 Thank you!!!!!

@MeowmyandMe Жыл бұрын

Here is why I haven’t had kids: I spent ten years curing myself of a serious eating disorder. I was not mentally, physically or socially in the place to take care of anyone but myself. Recovery was a full-time job; very worth it but serious consequences came with devoting a decade of my prime years to survival.

@carlaritchie331 Жыл бұрын

Good example! It is true that health considerations are important. That could be mental, emotional, spiritual, relational, and/or physical health. Responsible parents are ideally healthy adults.

@mauricioh6716 Жыл бұрын

God bless you.

@MeowmyandMe Жыл бұрын

@@mauricioh6716 thank you! Much appreciated! I feel blessed to be better and able to enjoy life! That is worth a ton!

@marissa-b Жыл бұрын

My husband & I are renting an apartment right now with a toddler and another baby on the way. Our budget is tight but I am happy we are having kids now and not waiting. Kids are a blessing. Congratulations George on your new little one! You will be a great dad.

@pamelalima5401 Жыл бұрын

Yes there’s time to have babies but anytime you can make many

@katieryb2919 Жыл бұрын

There’s gatta be a part 2 you guys! There’s strollers for 2k, and there’s strollers for $100 bucks. Same with car seats, bassinets, cribs and everything else… I think comparing prices and stuff would be super useful for this episode:) Don’t over spend where you don’t need to! Congrats you guys :)

@katemiller7874 Жыл бұрын

But ya make sure they are safe.

@JMaki-mr2mh 4 ай бұрын

So true! Spend money on the carseat but it doesn't have to be plush. We spent around $200. We spent 600$ on child bed that could go from bassinet, to crib, to day bed. (Unfortunately, we didn't give it away soon enough and the kids broke the box spring.) Friends were looking for one and we felt so bad that we couldn't pass it on. Only spent $100 on clothes. Every thing else was freely given. Diapers were our #1 cost. 😢

@donnadagostino7717 Жыл бұрын

Awesome show. We have 3 children and money was really tight when they were little because I stayed home with them. They had no idea. They had love and toys and each other. Best years of our lives!

@ktjomeyers Жыл бұрын

You can raise children for so much less than $1700! We had 4 children when we made less than $30,000 a year, I was a stay at home mom for 12 years. I cooked meals at home, we went to the library and the park for fun. We scrimped and saved but it was worth it. You never get those young years back. ❤

@brianciofani4698 Жыл бұрын

Thank you!!

@teebone2157 10 ай бұрын

You received public assistance

@sitka49 9 ай бұрын

your making a bad comparison. We did that too ,but that was back in the earlier 90's and we bought our first home ( house payment $300 month although my interest rate was 11.5%) $45,000. and then a few yrs later sold that home, and bought a home for $94,000 and now the market its worth $450,000.

@katherinelipari6610 7 ай бұрын

@@sitka49it still happens now. My husband and I have four (5, 3, 2 and a baby), he is a school teacher, I stay home. We don't do things that cost money - so we do parks, libraries, beaches, and visiting nearby family - we cook at home, our kids wear hand-me-downs, and we only own one car. Where your treasure is, there will your heart be also. It isn't money, it is where our loves lie. Children aren't what people love nowadays.

@dustyh2371 Жыл бұрын

Congratulations, George & Whitney! It's going to be fun for everyone to see how you grow as a dad and share your experiences!

@youngblood23rb Жыл бұрын

The amount of generosity from loving friends and family is amazing when having children, everyone chips in, hand down cloths, big ticket items, pack n plays, swings, toys, etc.

@cuban1ta Жыл бұрын

Not my people, except my mom

@youngblood23rb Жыл бұрын

@novakd1530 In a bubble that includes good people that uplift one another

@katemiller7874 Жыл бұрын

Novak D - they are speaking from their personal experience. It was the same in our family

@jck6920 Жыл бұрын

I wish that were true for everyone, OP. 😞

@deb9806 5 ай бұрын

That's not the stuff that makes babies expensive. If you have bad insurance (I was blessed that way) it can be very expensive, daycare/nursery school, and don't get me started how crazy playing a sport is. I'm glad my kids wanted music and things like that, I saved thousands.

@gils1930 Жыл бұрын

Have Dave Ramsey build a daycare center in his business for the working parents that work for him. Congratulations George and Whitney.🎉

@deb9806 5 ай бұрын

I felt bad when a worker got pregnant and he let her go breaking the "no sex" rule. Seemed mean but he is not like that with callers. I guess he separates the two. I do think a daycare is a good idea though.

@hockeyhalod Жыл бұрын

Congrats George!!!! FYI George, some of the best girl dads are the super buff ones whose hearts melt when their girls are around. Basically a super protector that shows their soft side.

@katelyndefreitas2810 Жыл бұрын

We paid $25,000 in one year just daycare alone

@ASLunar Жыл бұрын

That's insane!! How many kids do y'all have?

@tcgtpl Жыл бұрын

There was a study that NPR discussed some time ago about the biggest factor that influences the childbirth rate of a society was women’s education level. School, college, university, then starting a career & so on pushes the ages to when women have kids to later. Add that people are getting married later in life, couples will have fewer years to get pregnant & have kids (without the risk of age-related pregnancy complications) which results in fewer children being born.

@MRkriegs Жыл бұрын

Yea they didnt mention most of this at all. Good info

@carlaritchie331 Жыл бұрын

Good point. I remember reading about that study.

@GoJojo-lv6zi 9 ай бұрын

Was it specifically done in America? Because there are PLENTY of countries that allow over a year (more than 52 weeks) of paid parental leave to mothers and fathers that I would imagine make spending a few early years in college to invest in oneself less impactful on childbirth rates. However, in America, there is little parental leave at all, little support for parents, huge focus on individualism & capitalism, etc. This country (and the culture it’s created) doesn’t care about its citizens. As a 27 year old woman I would love to start a family and live a good life (not necessarily a lavish one) similar to the one I had growing up (3 bedroom house with big backyard, public school + tutoring and after school activities, 2 paid for used cars, etc.) but that is nearly impossible now. Both of my parents have degrees as well. I believe the low birth rates have more to do with culture and policy than college education.

@tcgtpl 9 ай бұрын

@@GoJojo-lv6zi I’m not sure if that study was US only, but there have been other studies or news stories I’ve heard that looked at Sub-Saharan Africa & came to the same conclusion. It’s the same in every culture & society - as more options other than having kids are available to women, the birth rate trends downward. As for more paid leave to have kids, I think it’s Denmark that has 52 weeks paid but their birth rate hasn’t risen to replacement level & stayed relatively flat.

@GoJojo-lv6zi 9 ай бұрын

My parents were both born and raised in Sub-Saharan Africa and they provided the life I mentioned above to my sibling and myself in America, after getting their degrees. My father has a bachelor's degree and my mother has a master's degree as well. I have plenty of educated millennial family members who were born and raised in Sub-Saharan Africa and still live there to this day who (both parents) have degrees and have children. The economy, culture, and capitalist/individualistic policies in America (crippling student debt, expensive or inaccessible healthcare, little work-life balance, and everything else I mentioned before) have a lot (almost everything imo) to do with the lower childbirth rates.

@StHubert1 Жыл бұрын

Congratulations, George! I am a Proud dad of 12 children. I would love to talk to you all about some of the assumptions that were voiced in this episode. Raising children does not have to be expensive. Unless you make it expensive. We have raised our family with just my income, while my wife, homeschooled all of our children all of her children (7 of whom are still at home). We are a very close family and do a lot of wonderful things together, in fact, our adult children still go on vacation with us. I would love to give you my perspective on how fulfilling and enriching raising a large family is. It really saddens me to hear that people don’t want to have children because they fear money, wealth or retirement. No amount of money will ever replace the joy of having children.

@catherinewetzel417 Жыл бұрын

🎯

@IA-py9by Жыл бұрын

Sadly to many people are selfish like the bible speaks...kids are a blessing!...its not always easy but God teaches us that it's not just about us...we are here to serve with love patience.

@thejakelegion Жыл бұрын

Very cool, StHubert. I'm one of 11 kids, myself. The oldest is 43 and the youngest just turned 20. You're not wrong. God bless your family.

@sackettfamily4685 Жыл бұрын

I'm one of 12 kids and while dad worked a lot as a self-employed man, we had a full childhood. All homeschooled in the country.

@thejakelegion Жыл бұрын

@@sackettfamily4685 that's awesome. All 11 of us were homeschooled as well.

@TulipsNTattoos Жыл бұрын

Don’t worry- Nick Cannon has the US’s population back on track.😂

@MRkriegs Жыл бұрын

Hes doing the best he can.😂

@danrockwell1883 Жыл бұрын

Doesn’t make me feel better lol

@celinereyes1185 Жыл бұрын

single handedly

@raysacapellan-fender Жыл бұрын

Lol… my husband was talking about this the other day 😂😂

@elizabethadahl Жыл бұрын

The most expensive part of having kids isn't the material things I buy them. It's paying to fix their mistakes lol when they break something whether in the home or at a store, I have to pay to replace it! I never realized how big of an expense this would be before having kids.

@katemiller7874 Жыл бұрын

Don’t touch in stores should be the first thing you teach them

@kouleeofficial Жыл бұрын

I’d like to say it’s both lol

@trenia3823 Жыл бұрын

This is true. I no longer buy new items for my house. I check the community apps for items posted for sale. My children have damaged more than a few items. Lol.

@amandadugan4476 Жыл бұрын

I have two boys. 13 and 6. They have never broken anything at anyone’s house or a store. If that’s your number one complaint, I’m a little baffled honestly.

@TH0KH Жыл бұрын

The most expensive mistake my kid made is cutting her own hair and it cost 40 bucks to fix it

@o0samjames0o Жыл бұрын

Childcare is by far the biggest culprit, I currently make ~$1,000 a week and pay $467 a week to daycare. It cost more than my mortgage payment.

@robby95036 Жыл бұрын

It's not just wanting to retire early, life has gotten a lot more expensive lately.

@sitka49 9 ай бұрын

Retire early? just for most they would be happy to retire at 65?

@nae4830 Жыл бұрын

It’s all of it. Rachel lists the parameters, yeah, that’s part of the reason why and they’re time expensive too. Not just money, but time.

@Kris-fq9bi Жыл бұрын

My physician assistant brother and sister in law asked me to live with them for a few months when the grandma who babysat their 4 and 7 year old had to have quintuple bypass surgery. I mention their jobs so readers know they are ok financially. I work remotely so I was able to stay with them and take grandma's place for a few months. I'm a 43 yr old woman. I love my niece and nephew. When I tell you my experience living with them only reaffirmed my earlier decision to not have kids...... the daily fights about picking up toys and starting the bedtime routine....the screaming about uncomfortable seatbelts.....the silent treatment the parents gave each other when they got mad...... the fights over who was cooking dinner.... oh no..... I love my niece and nephew. It was with joy I fled back to my house and my single child free life when grandma recovered. I don't live alone. I live with peace and quiet. And they are lovely companions who never fail me.

@dachicagoan8185 Жыл бұрын

Price of homes, costs of childcare, price of food and education. Add to that, toxic masculinity agenda in media and lack of opportunities or stable jobs. We have record debt and they wonder why we don't want to have kids. Then preference to women in divorce settlements since most marriages end that way.

@nadzmallari9749 Жыл бұрын

Congratulations George & Whitney! Such couple goals! Thanks for inspiring us!

@blakeharrison3972 Жыл бұрын

I’m 27 and I feel like a lot of people my age genuinely don’t have a desire to have kids but use money as the scapegoat for not honestly

@TH0KH Жыл бұрын

That, but also people hearing others say that and drinking the fear Kool-Aid. Buying that it HAS to cost that much, they can't have a kid unless they can give it an upper middle class life, they need a purchased home first, each kid needs their own room, they need all the top end safety stuff, etc. More money makes it easier, but 80% of what people sell you as necessary isn't necessary at all

@ss0498 10 ай бұрын

Whatever the excuse is it's still their life and only they get to choose what they want.

@firefalcoln 10 ай бұрын

I could afford a kid. I have a house and make about 75k a year. But kids are not a high priority for me. I’ve held off on getting a cat or dog too because they seem like a lot of extra responsibility that I’m not necessarily ready-for. A partner and kids is so much more. 😆 Perhaps I’ll start with my pet first in the next year or so and see how that goes.

@reesercliff 8 ай бұрын

having kids in a studio apartment sounds like hell on earth@@TH0KH

@Imzadi Жыл бұрын

More women started working. More households became two income. Higher household incomes meant bigger houses. The new standard had been set. Creating an increasingly harder environment for a one income household to survive financially. I’m a stay at home mom. My husband works. It has been hard. We have three children and are definitely not the norm but it can be done.

@Jpmagictravel Жыл бұрын

🎉Congratulations George and Whitney!!!! God bless you on this new stage of life!!! ❤️

@heavychains Жыл бұрын

It seems very unfair to have children if you aren't financially well. If you don't have enough retirement to care for yourself in your old age you are putting that burden and expense on your children. It also just seems cruel. I remember the stress of money in my house. I remember using birthday wishes to wish that my parents were financially stable. To me that is not a fair or kind thing to do to your child. Don't have kids if you can't afford it.

@theRetainer Жыл бұрын

Don't let "not being able to buy a house" stop you from having kids? Where are you going to live then? Renting Ramsey's apartment buildings? My Goodness! No way a 15-year mortgage makes sense with the current prices so imagine waiting longer to get into a 30-year mortgage? You'll be paying on that until you're 75 years old. Prices have changed significantly since the 1980s.

@deborahjames3113 Жыл бұрын

You guys make a great partnership! I enjoy the banter and humour (and yes, the mocktails as well!)

@ErnestinaObeng-zo2di Жыл бұрын

Congratulations George and Whitney!! This is such happy news. You’ll be a great dad🎉🎉🎉

@74Voyeur Жыл бұрын

It's dangerous listening to George and Rachel on public transit. Many times I've had to stop myself from breaking out in laughter.

@samanthabradley4699 9 ай бұрын

We haven't let money stop us from having kids, but it is a big sacrifice. It just depends on your priorities 🤷🏻‍♀️ we keep chugging along and love the babies God has given to us.

@username9999 Жыл бұрын

I would say yes, having a child affects pur financial goals. We haven't started BS4 because we are choosing to spend $400-$600 per month on therapies and appointments for one child with a developmental disability. Developmental disabilities are very common. Most people I know have at least one child with a DD.

@genesiscortez1931 Жыл бұрын

My husband has ADD. Highly recommend getting an English-speaking therapist in Mexico or another cheaper country. We save a ton!

@Matt_in_TEXAS Жыл бұрын

It's Thursday and time for SMH²!!! I'm soooooooooooo happy for Klan Kamel with a K!!! We had our daughter late in life- I was a month from 40th birthday when my daughter was born in August of 2010, she is our only kiddo. Looking forward to hearing about you being a dad. Great job as always Rachel, George & Team SMH² - keep up the awesome job!

@thekezzey95 Жыл бұрын

I don't think spelling "clan" with a "K" is very popular anymore lol

@caleboommining Жыл бұрын

God forbid you have a kid that goes to the nicu when born boom 854k in debt my friend 3 months in nicu 2.3mil in debt. Don’t have a kid cause one thing goes wrong in that birthing room 100k plus easy in debt but nobody talk about that

@d.zyned2thrive584 Жыл бұрын

Honestly, don't have kids if you plan to have strangers raise your kid.

@ASMR_With_Chels Жыл бұрын

❤

@sherrijones9777 Жыл бұрын

Kids don’t have to cost that much per year. We made frugal choices (loved reading The Tightwad Gazette books) and probably spent less than $5k combined for our kids first 5 years. Cloth diapered, breast fed/pumped while at work, coordinated our work schedules to avoid childcare expenses (I worked part time until youngest was 9). Garage sales for clothes and sundries, reused all items for second kid. FYI, we retired at age 47 and 52 respectively and are debt free including our house. Our kids are 21 & 24 now. It was a mindset that we both subscribed to…. I admit, he required some convincing, but soon enough was on board. 😂

@sherrijones9777 10 ай бұрын

@noazucar519 We didn’t buy a home until we were in our late 30s. Because we scrimped and saved, we had a 20% down payment. Kids shouldn’t expect to have the same standard of living their parents do. That’s part of the problem. We always rented the least expensive house we could find that was in a decent area until we had been married 11 years. We always paid cash for cars and never took out loans, so our money went sooo much further. That’s the key!!

@riseredeos Жыл бұрын

my relative saved up to have baby. it needed to fly to another hospital and his blue collar insurance doesn’t cover the helicopter. baby costs 50K now. yeah, tell poor people to just have kids , it’s just a line item…… so simple lol 😅

@kevinbm84 Жыл бұрын

I’m a big fan of this type of new content Ramsey Solutions is coming out with. Keep up the good work!

@nowayeddamae Жыл бұрын

Congratulations George and Whitney! Cheers to new adventures! 🎉❤

@danhohenstein5083 Жыл бұрын

Very interesting topic. A few things come to mind when it comes to the cost of children, so here's some unsolicited advice/tips: 1. Cloth diapers (more expensive upfront, far cheaper in the long run, and it's easier if you start out using cloth diapers as opposed to transitioning to them) 2. Work out a work schedule between you and your spouse so that you can raise your children as much as possible. It's difficult, but my wife and I only use a babysitter one day a week during the school year, since she's a teacher. 3. Don't be afraid to tell your child no, meaning that when they ask for something or say they want something, they don't necessarily need it. It's nice to treat them occasionally, as opposed to the treats becoming everyday life and are expected. This can go into further topics, but trying to keep it strictly to the financial aspect of all this. 4. Buying second hand/free items (George kind of touched on this one) 5. Breastfeeding when possible 6. Make your own baby food (and then you know what all the ingredients are too!). 7. Fewer child "containers" which get bulky, cause stress, and stub toes. (I.e. pack n play, bouncers, etc.) 8. Get your kid playing outside/it's ok to be bored (they're own creativity will be exercised, but trying to cater to boredom, just from a financial aspect, can get really expensive).

@johnmartin4641 Жыл бұрын

The reason people delay having children is so they don’t have to disappoint those children and make them go without. I have 4 kids and I never wanted to disappoint them or make them go without.

@allisonmodaff5635 Жыл бұрын

Congrats, George! You’ll be a wonderful dad.....you have the right mix of common sense, humor and kindness, qualities that will serve you well in parenthood!

@Your_pal_jsal Жыл бұрын

I used to think i would be a good dad and wanted kids when i was 18 but then my brother had kids and im so glad i decided i dont want kids after that. I cant stand the screaming, when they get sick, and i like sleeping enough to not want to be woken up in the middle of the night. But congratulations to you and your wife george ☺️.

@carlaritchie331 Жыл бұрын

It is good to know your preferences and the reasons why. Also any partner needs to understand and respect/agree with that perspective, so both can be responsible in achieving that decision. (No assumptions that you'll change your mind after a baby is intentionally conceived.)

@SharonOnTheNet Жыл бұрын

Congratulations!! Such happy news!! Encouragements (that helped me): 1. The tools and strengths that helped you deal and solve problems in your life so far, are the same tools that you will use to solve problems with parenting when they arise. 2. You have great family and friends to give you advice and help. Also, there are many resources in our modern world to help with parenting. You are not alone. 3. A very good idea to keep in mind is that you don't have to be the perfect parent, you only have to be a "good enough" parent. When you make mistakes you appologize and move on. Kids are very resilient. Congrats again!!

@moneymattersforeverybody Жыл бұрын

Congrats George and Whitney! The joy you will feel having children will far outweigh any money myths :)

@h.m.536 Жыл бұрын

Congratulations George and Whitney!🎉🎉 George, you’re going to be an awesome dad!❤

@letschatfamilyfinances Жыл бұрын

I’m glad we didn’t think about our hypothetical children in terms of a dollar amount when we were in our 20’s. No wonder people feel afraid and paralyzed! Family is one of the richest and most important parts of any life journey - glad I didn’t miss out because of the fear mongering of the media. We have six children now in our mid-forties. Would we be richer if we’d had only two? Absolutely! But would I give up my last four kids for a higher net worth? Not in a million years! We have managed to build a net worth of almost two million, paid off our home and lived a good life - even with the challenges of a large family. We have done all this on one income (with the exception of a couple years of me working). It can be done. Don’t live in fear! Congrats, George!!!

@sha2596 Жыл бұрын

this is right at my speed! So happy to find your channel!

@joshuamchargue9635 Жыл бұрын

The biggest issue to me is the medical cost after the birth of a child. My wife and I are still paying on medical bills from my daughter being born and she is 2 now!!!!! That was with insurance!!!! The US Healthcare system is fraud and ridiculous.

@ASMR_With_Chels Жыл бұрын

How much did it cost? Mine was 5k tops

@donaldlyons17 Жыл бұрын

@@ASMR_With_Chels It is safe to think at least 2K but the problem is their wage likely did not increase over that period to time. I say bull normally we run into issue when our buying power and wage don't increase over time.

@theultimatereductionist7592 Жыл бұрын

"The US Healthcare system is fraud and ridiculous" You mean the lack of universal healthcare, right? Not the actual science and technology itself, right? Agreed. Obviously. So, be smart: DON'T CONTRIBUTE TO HARM. Don't breed.

@AnonN-sr6uu 9 ай бұрын

You guys either make poverty wage or you don’t have insurance. Having a kid shouldn’t cost more than $5k.

@sitka49 9 ай бұрын

@@AnonN-sr6uu If they were poverty it wouldnt cost them a dime more than likely. The company I worked for didn't pay top dollar ,but they had great insurance in the beginning it was nothing out of pocket ( $75 month family, and single coverage it was no cost) - Before i quit yrs later they had for the health the best insurance you could get was ( $800 for family) it was deductible $3000 - ( after that it was 80% up to $10,000 then it was covered a 100%) after you meet the 3K deductible for a family - They had a high end deductible for the first $10,000. You had to bank $ in HSA out of ea pay period, and the company would contribute a % so you had $500 month for insurance and plus your contribution too, and on top of that all your other deductions. - Small peanuts if you have major incident ( heartattack) but I can see it that having a kid would set you back for a few years.

@DiegoMejia86 Жыл бұрын

The debt that the average American is living with is one of the reasons many don't want to start a family and can't afford a house.

@susanb9400 Жыл бұрын

Congratulations to George and Whitney on your pregnancy, I'm so pleased for you both. ❤

@elizabethmiracle9361 Жыл бұрын

Congratulations to your new baby girl!! Thank you for sharing the mock tails

@francoisnguyen6623 Жыл бұрын

our mortgage payment is 50% of our take-home pay. If my wife stay home with a baby my income alone is not enough to cover monthly expenses. We stoped using CC. This is one reason why we delayed having a kid. There's also medical reason we're unable to conceive naturally. I'm in my mid-40 wife is in her mid-30. biological window is closing soon

@jmplese 9 ай бұрын

I've been somewhat rookie binging the Ramsey show the last few months, stumbled on this show recently, and have to say, I'm really enjoying it! You two are a lot of fun, while still holding intelligent conversation with good advice. Cheers!

@BridgetnMichael Жыл бұрын

Congratulations, George and Whitney!!! I am so excited and happy for you two.

@valandrobgood7184 Жыл бұрын

George: millennials and Gen z are not having enough children to sustain AMERICAS population. I don’t know what that means, are we going to go extinct as HUMANS? 😂😂😂 No George, there ARE humans outside of AMERICA.

@theultimatereductionist7592 Жыл бұрын

EXACTLY!

@firefalcoln 11 ай бұрын

There’s also immigration.

@annoyingbookgirl 9 ай бұрын

We will be just fine😂 the world is overpopulated as it is

@markreynolds1554 Жыл бұрын

Congrats! So excited for you!!!

@BagsNBaguettes_327 Жыл бұрын

Congrats George and Whitney! Baby Kamel coming 🎉❤ I’m a 40 year old who is married and we decided to not have kids, It’s the best decision for US. Sometimes I wish I had a baby at 23 when I was single but I was broke! I have a gorgeous 1 year old nephew who I am crazy about! 🥰

@sondancewellness5215 Жыл бұрын

I’m a very content happy 44 childfree married woman and we have no regrets and have full life with hobbies and pets. And I’ve had enough stress during my lifetime so I wasn’t up to signing up for a bunch more lol. We do enjoy hanging out with our older nieces periodically.

@steveclark5016 Жыл бұрын

I love my son, But my 2 daughters have always had my heart,and know just how to get to me., Congratulations George and Whitney.

@thejakelegion Жыл бұрын

Was hoping to see some wisdom in the comment section, all I got were congrats to G & W. lol

@almostawalrus Жыл бұрын

The comments of ppl saying “we make $100k plus per year and we can’t afford to have more than one kid” Y’all have very different standards of living than many of us lol.

@TheParkingLotGarage 5 ай бұрын

100K is not as lavish as people make it out to be. $2600 - Cheap mortgage nowadays (includes prop tax, insurance, etc. assumes only a 300K loan at current interest rates) $200 - cheap utilities (includes internet) $500 - cheap health insurance $500 - groceries, food, toiletries, etc $300 - total cost for 2 cheap car loans $200 - gas $100 - cheap car insurance for 2 cars That’s already $4400 per month, just on the basics. Doesn’t include any savings, wants, emergencies or unexpected costs (home repairs, car repairs, etc.). If a married couple makes 100K their take home pay is probably around $6500 per month. Even if they could invest that entire $2100 (and avoid spending anything on wants, and avoid all unexpected costs for the next 30 years) into their retirement each month and make a 9.5% return per year for the next 30 years, they’d have 4.27M, which, at the recommended 4% withdrawal rate, is only 78K per year (in today’s money) for their retirement. Hopefully by that point the house is paid off, but there’s really not a whole lot of wiggle room at 100K, unless you never want to buy a home, or until interest rates come back down to a reasonable level. Everyone making less, and saving less, will be reliant on social security, which probably won’t be enough.

@peterzeller5736 Жыл бұрын

I'm in George's boat. Less people = More happy people

@bettedavis9261 Жыл бұрын

Rachel, is there any way you can convince your dad that babies and kids are expensive? I'm so glad you realize (and admit) they are. I love you for standing up to THE Dave Ramsey with regards to many issues.😊❤️

@katemiller7874 Жыл бұрын

Ya Dave should know that he raised 3

@jill9606 Жыл бұрын

@@katemiller7874xcept he never had daycare expenses considering his 3 kids had a stay at home mom. He’s out of touch.

@jill9606 Жыл бұрын

@@derek4412 “if you do it wrong” how?

@tonyavanveldhuizen3276 Жыл бұрын

Yay! Congrats George and Whitney!

@emmawilkins5755 Жыл бұрын

Yeahhhh!!! Congratulations to George and Witney, this news made me smile!! Wishing you all the best x

@CristianLL Жыл бұрын

I personally HATE Kids. Happy other ppl have them but they’re not for me 😅

@aliciaeasterwood Жыл бұрын

I'm so excited for you George & Whitney!! Girls are so fun!!! 💗

@katemiller7874 Жыл бұрын

Until teens

@DBS472 Жыл бұрын

Having children you can’t afford or force taxpayers to take care of via food stamps etc should be child endangerment

@blackbutterfly233ify Жыл бұрын

Lol definitely reaching

@galelamanilao8313 Жыл бұрын

Congratulations, Whitney and George!

@sarahivilla9728 Жыл бұрын

Congratulations Whitney and George 💗 blessings to your family

@Hiya799 Жыл бұрын

Congratulations on baby #1! I appreciate y’all discussing the cost of childcare and medical care. I’m a nurse and my husband is a teacher and we have next to no family help (family lives out of state). I work on call and the weekend (which pays more anyway) and my husband works the weekdays. I work extra during holiday breaks. Our daughter is one and we want to have a second one soon but definitely are thinking about the financial implications. I think when our daughter starts going to school things will be much easier and we want to have kids semi close in age to help with that too. Can y’all do a segment where y’all do empathy scenarios? Like pull and income and life event out of a hat and break down how you would handle the situation? Thanks for the content. I would like to see more lower middle or true middle class advice.

@cerdafiedDeveloper Жыл бұрын

No doubt that if you have kids it will effect your finances and your ability to build wealth. It’s just a personal decision whether it’s worth it. My experience as someone about to hit 30 most of my friends either not plan on having kids or plan on having kids mid to late 30s. (I’m talking about guys)

@GH56789 Жыл бұрын

Congratulations George !!!! So happy for you !

@Sophie3647s Жыл бұрын

George is emotionally intelligent which is why he would be a great dad regardless of gender, and just good person over all

@rebeccaross1715 Жыл бұрын

Congratulations George!!! I’m sure you both will be great parents!!! God Bless you both!!!

@erika1935 Жыл бұрын

Congratulations George and Whitney & families!! 🎉👶

@jacquelinelewis5627 Жыл бұрын

The main reason for us not going to have kids it's because you could do everything right and the child to be born with issues and problems and that is completely life-altering kids are a total Gamble and when we want to gamble we would rather go hit the casino LOL my husband's friend Pat Quinn's everything showed up fine until a few months after birth and they both have major major developmental issues and it just completely changes your entire life and that's a very hard pill to swallow and don't forget about the kids that never leave home are in their twenties and thirties still living at home because they can't afford to leave I don't think kids are all that they're cracked up to be we are thrilled with our pets and get them all kinds of attention and love and shopping sprees LOL

@donaldlyons17 Жыл бұрын

The question for me is it affordable?

@loversinthexattic Жыл бұрын

Exactly! I'm 31 going to be 32 later this year and my fiance and I are still living with my mother (basically roommates). We help pay for electric, pay for our bills, etc. but she's helping us get back on our feet from the stupid debt we got ourselves into in our wild-n-out 20's. Currently working on Baby step #2 should be done mid 2024, also saving for a house down payment, have decent jobs, etc. For more reasons than finances, I decided to become childfree permanently, but if I ever wanted a child I wouldn't have been able to do so for another 5+ years, financially, mentally, spiritually, etc. But I'm glad to have found out about Dave and his daughter 5 years ago and started this journey when I did.

@bibiblocksberg2081 Жыл бұрын

We're "freshly baked" parents. Honestly I don't see the usd 17'000 per year happening. I would like to see what that number consists of. Really depends on your lifestyle. We get everything second hand, it costs us next to nothing. Clothing, furniture, toys etc. Formula is our biggest expense right now. We live a simple life, work part time, rent our apartment. Having a baby is bigger than money. It's by far the best thing I have ever done. Kids need your love, your patience. They don't care if their clothes are second hand. My advice for anybody is - go for it. And enjoy it. God's on your side.

@chrisoneal2718 Жыл бұрын

Congratulations George and Whitney!! 🎉🎉

@bm8981 Жыл бұрын

Telling the teacher in the midwest making 40-50k to work the snowball on the 100k of debt. Guess what the issue of the student loan crisis is the minimum payments you would make on the loans the balance actually continues to run away from them. Yes the Govt has a bad track record of fixing things but they HAVE to do something about this one or that economic collapse everyone is worried about is assuredly happening.

@sheak2426 Жыл бұрын

Congratulations George!! I’m expecting our first 9/9!! We are having a baby boy! Super exciting but also nerve wracking

@TGIFEveryDay Жыл бұрын

OMG CONGRATULATIONS GEORGE & WHITNEY!!!!!💕💕💕💕💕💕. So excited for you both!!! Can’t wait to see the cute lil Kamel!!!! 🥰

@tressalewis7004 Жыл бұрын

I’m so happy for you George!🎉

@kelliconlan8133 Жыл бұрын

Congratulations, George & Whitney!!! 🎊

@cherilynclements3188 Жыл бұрын

Congrats George and Whitney! Exciting news!!

@vinnietaganekurukuru8519 Жыл бұрын

Congratulations George and Whitney.Blessings.

@kaelaleedaley Жыл бұрын

Congratulations to George and Whitney! Children are a Blessing from The LORD

@bethanyg153 Жыл бұрын

Congratulations, George and Whitney!

@JG-np7qp Жыл бұрын

Congrats George! First time dad listening! I first saw the KZfaq Short and was confused about “her.” So I had to listen to the longer video to get the context! A little bit of advice: don’t rely on the internet too much, you and your wife are kiddos parents, not some random person online.

@RRETribe Жыл бұрын

Congrats, George & Whitney!

@nattyg5493 Жыл бұрын

Congrats George & Whitney!!

@antinormality Жыл бұрын

Congratulations Whitney and George!!!

@annoyingbookgirl 9 ай бұрын

Saying don’t let finances stop you from having kids is like saying don’t let mental illness stop you from having kids. They’re both valid reasons to hold off on that decisions. I don’t want to negatively affect another human being because I’m not mentally or physically prepared to give them what they need. Peace and Love tho

@Magazinelady Жыл бұрын

Congratulations, George! You will be a great Dad.

@kathymiglio8196 Жыл бұрын

Congratulations, George & Whitney!!!!!!🤗💝

@FrenchCruller03 Жыл бұрын

Congrats, George!! We had our first 4 months ago, and let me say, the lack of sleep isn't nearly as bad as everyone makes out. I honestly sleep better now than when I was pregnant lol.

@Amy-fk5we Жыл бұрын

Omg you’re lucky! The lack of sleep was the WORST for me 😂

@superman12343567 Жыл бұрын

Such wonderful news!!! Congrats❤

@annajohnson2496 Жыл бұрын

Congratulations George! Just wanted to comment that childbirth in the US cost so much that I want to throw up thinking about it. I don’t know the numbers, but it might be one of a few countries that charge you for having babies. I had my first one in Japan, the whole prenatal and childbirth was subsidized by health insurance. The overall experience was very good. I had the baby and stayed 5 days in the private clinic with awesome food and child care all for $5000, $4000 of which was subsidized by government health insurance. Had my second one here in the US and was charged around $9000 for something that my body actually did by itself for 24 hr hospital stay, and of course they charge the baby too to charge more. It is so broken and it is really not a shocker why people don’t want to have a baby

@edwinroyal9734 Жыл бұрын

I agree that healthcare in America is expensive in you don't have insurance. But the truth is only four percent of hospital births in the US are uninsured so that is a small minority.