Talk Rich To Me
Talk Rich to Me is a production of Huntress Wealth. On each episode of the podcast, we explore the human side of finance.
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Talk Rich To Me
Budgeting for Motherhood & Choice with Eryn Schultz, CFP
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Is the third child really the new Birkin bag?
Financial advisor Eryn did the math: A low-end Birkin costs $11K. Childcare for three kids in a high cost-of-living area? $80K per year—times 18 years.
In the finale of our Motherhood, Money & Choice series, Eryn joins Stephanie to break down the real costs of parenthood that nobody talks about in detail. Not just the daycare bills, but:
-> IVF costs: $15K-$30K per cycle (with corporate insurance varying wildly)
-> The $300/year to store frozen eggs that 98% of people never use
->The hidden costs women pay: Lower lifetime social security benefits, career re-entry at lower levels, and the "motherhood penalty" even if you don't have kids
-> The lack of paid leave for 76% of US workers
But here's what matters most: These numbers aren't meant to scare you. They're meant to empower you to make informed choices.
About Eryn:
Eryn Schultz became passionate about helping Americans achieve their financial goals while working on her MBA. She realized that she and her fellow Harvard Business School classmates were learning how to manage a corporate balance sheet but not their own finances. In addition, the financial services industry often ignores people in their 20s and 30s since they do not have a lot of wealth for advisors to manage. However, your 20s and 30s are when many big life decisions happen. Eryn started Her Personal Finance to help other high-earning women take charge of their financial futures.
After completing her MBA, Eryn pursued a Certificate in Financial Planning from the University of Texas to continue her financial education. Over four hundred students from places like Google, Accenture, and Michigan's Ross Business School have graduated from Eryn's live money bootcamp. In addition, her work has been featured in a number of national publications including NPR, CNBC, and Real Simple.
Follow Eryn:
Instagram @her.personal.finance
LinkedIn | Website
Talk Rich to Me is a production of Huntress Wealth. On each episode, we explore the human side of finance. If you liked this episode, please subscribe and leave a review - it helps more people like you find our podcast.
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