In today's episode, we're joined by Ana Kresina, the author of "Kids Ain't Cheap" and the host of the "Get Rich Slow Club" podcast.
Ana shares her insights on what individuals preparing for children or already having kids should know about managing finances effectively.
Drawing from her own experiences, Ana discusses navigating career changes, understanding the costs involved in raising children, and accessing government support.
Key Points Discussed:
Money Mindset: Ana emphasizes the importance of addressing your money mindset as a foundational step towards financial well-being. She highlights how irrational blocks to money can hinder success and offers strategies to overcome them.
Ana's book covers various crucial aspects of managing finances related to parenthood.
These topics include:
Understanding the true cost of raising a child.
Making informed career choices post-children.
Equally sharing the caregiving load between partners.
Addressing the issue of the motherhood penalty in the workforce.
Teaching children valuable lessons about money management.
Strategies for investing in children's futures.
Cleaning up one's own financial house for better stability.
Discussion Highlights:
Ana shares practical advice and actionable tips for individuals and families to better handle their finances. She stresses the importance of open communication about money matters within families. Ana encourages proactive financial planning and setting realistic goals to achieve financial security.
Our conversation with Ana Kresina provides valuable insights into navigating the intersection of parenthood and finances.
By addressing money mindset, understanding the costs involved, and implementing sound financial practices, individuals can set themselves and their families up for success.
Be sure to check out Ana's book, "Kids Ain't Cheap," for more in-depth guidance on managing finances in the journey of parenthood.
General Advice Warning – This Podcast contains general advice. The information, including tax information and any advice provided in this Podcast, does not take into account your objectives, financial situation or needs. Because of that, you should before acting on the advice, consider the appropriateness of the advice, having regard to those things. If the advice relates to a particular financial product, you should obtain the relevant Product Disclosure Statement for any product mentioned and consider its contents before making any decision. You should consider talking to a financial adviser before making a financial decision. Dawn Thomas is a Senior Financial Adviser and is an authorised representative of TWD Licensee Services Pty Ltd ABN 88 605 064 480 Australian Financial Services Licence No.475964 (TWD Licensee Services).
