Do you know how much money it costs to raise a child in America? Nearly $300,000 on average.

That means that, for many Americans, they’ll have to make some tough choices. The average home costs about $350,000. Are you going to have a kid or buy a house? The average retirement costs an estimated $1,120,408. Are you going to have a kid or retire wealthy?

Now, these aren’t purely mutually exclusive… But if your goals are to build wealth, then the choice to have children can certainly set you back in a big way.

I know this first hand: I just had my second child on December 21, 2022.

The goal of DIYwealth has always been to help you make more, save more, and have a more fulfilled, wealthier life.

I wanted to make a video that gives you little-known tips and tricks for saving money and building wealth as a new parent.

So I invited my wife and business partner (a mom of 3) to share what they have learned as well.