The couple emphasized that for many years they opted to be child-free but eventually decided to have children, a decision influenced by reflections during the COVID-19 pandemic.
Pam Krueger, investment advisor and founder of Wealthramp, highlighted that many parents are jeopardizing their financial futures by pursuing side gigs and withdrawing retirement funds to finance their children's college education.
With a lump sum of €50,000 coming next year, consider prioritizing financial security through savings, investments, or paying down your mortgage to reduce future financial burden.
After selling our assets, we dramatically reduced our expenses and created a few modest income streams for sustained long-term travel.
"A layoff can feel so personal but it's not a reflection of your value or what you contributed. Especially in the U.S., the work we do is so tied to our identity," said Lindsay Bryan-Podvin, a financial therapist.
If you're paying cash for your house, skip this section. Sellers don't really care about your credit score as long as you can pay for the house in full.