← For Better and Worth
EP 85: Your Kid is NOT an Olympian! artwork

EP 85: Your Kid is NOT an Olympian!

For Better and Worth
E8532:42
Play episode

Show notes

I hate to be the bearer of bad news, but the reality is, your kid isn't heading to the Olympics. Every year, countless parents invest thousands of dollars in sports, camps, training, and more, often not with the intention of creating the next Simone Biles, yet they spend as if it were a real possibility. Join us for this week's episode, where we discuss the financial and other commitments necessary to nurture an Olympian. If that path isn't suitable for your child, what is a reasonable amount to spend on their activities, and when should you consider stepping back from this investment? Are there alternative avenues your child can explore to carve out their future? Absolutely! There are many aspects to explore, and we delve into all of them. You don't want to miss this one! This episode is sponsored by PSECU. To find out more go to: PSECU.com/forbetterandworth Our website: www.forbetterandworth.com Get Ericka's book, Naked and Unashamed: 10 Money Conversations Every Couple Must Have Check out our local TV spotlight Connect with us: Instagram: @forbetterandworth YouTube: @forbetterandworth Ericka: @erickayoungofficial Chris: @1cbyoung

More from this show

More
  1. The Hidden Emotional Costs of Early Retirement (Ep 202)

    Retirement isn't just about quitting your job. It's about discovering your next adventure. In this episode, we dig into what "early retirement" really means, why simply having the…

    E20236:03
  2. Becoming Empty Nesters Gave Us a Raise (Ep 201)

    In this episode, we reflect on the surprising perks of becoming empty nesters and how having adult kids finally led to an unexpected financial "raise." We walk through our hands-on…

    E20132:07
  3. Declutter Your Life: How Cleaning the Closet Can Boost Your Finances and Mindset (Ep 200)

    We dove into the sometimes chaotic, often comical world of cleaning out our closets and homes. Along the way, we shared practical strategies and a little financial wisdom about tur…

    E20036:57
  4. Why We're Considering Scaling Back 401k Contributions (Ep 199)

    This week, we dove headfirst into a controversial financial topic: are we really going to stop investing for retirement? As seasoned planners who reached Coast FIRE, we opened up…

    E19937:53
  5. Encore Episode: A Financial Advisor Helped Us Uncover Our Own Financial Blind Spots (Ep 198)

    We pulled back the curtain on our finances and invited a new financial advisor to reveal the areas we might be missing. Even though we’ve been making smart moves, this candid conve…

    E19833:53
  6. Why $155K Feels Like Not Enough: The Truth About Lifestyle Inflation (Ep 197)

    In this episode, we dive into the evolving perception of what it means to be "working class" in today's world, especially when even a $155,000 household income can feel inadequate.…

    E19734:03
Now Playing
For Better and Worth — EP 85: Your Kid is NOT an Olympian! | Podcast | Josplay Music