Can You Afford a Child in India? 3 Costs You Need to Plan For

Find your perfect credit card in 60 seconds: https://monzy.co/go/ytn No ads. No spam. Join the AI For Students WhatsApp channel for the best updates, tips and prompts on AI tools and features for college students in India: https://bit.ly/AIForStudents WebVeda is the smartest subscription for the most ambitious Indians. Check it out here: https://bit.ly/4nuuXvx India Genius Challenge is a nationwide search for the brightest young minds of India. Check it out here: https://bit.ly/indiageniuschallenge If you wish to be part of the Money Matters series, please fill up this form: https://forms.gle/G3wwgpVjctRneyQv6 In 2017, Ruchi and I sold her gold bangles to buy our son a bicycle and cover household expenses. That experience changed how I think about the cost of raising a child. Beyond diapers and school fees, we explore three hidden costs: a lost income, lifestyle upgrades, and education dreams that can collide with retirement. I share a 1-2-3-4 framework for thinking through these decisions together. This is a personal perspective, not a recommendation about whether you should become a parent. 00:00 The bicycle and the gold bangles 02:20 What does it mean to afford a child? 03:51 Why parenthood feels harder to afford 06:41 Hidden cost 1: Losing one income 09:11 Hidden cost 2: Lifestyle upgrades 10:41 Hidden cost 3: Education dreams 14:07 The 1-2-3-4 planning framework 17:22 What children actually need 18:12 My son’s most memorable birthday gift #Parenting #PersonalFinance #Warikoo ------------------------------------------------------------------------------------------------------------------------------ Apps I use for Investing: Ditto - for unbiased insurance buying experience: https://ditto.sh/7u17m0 Zerodha - for Indian Stock Investing: https://zerodha.com/open-account?c=ZM... Coin by Zerodha - for Mutual Fund Investing: https://zerodha.com/open-account?c=ZM... INDmoney - for US Stock Investing: https://indmoney.onelink.me/RmHC/cvh6... (Gift code - ANK4U5SINF) The above links are for products that I personally use for my own investing. If you create an account on any of these using the above links, I stand to make a referral income from it. 100% of this income is contributed towards the education of kids who cannot afford it. Over 5 years we have contributed 1.96Cr in helping kids continue their education. DO NOT assume that these are the best products in the industry. Please do your research and let me know if you have any questions. My bestselling books: 'Winning People Without Losing Yourself': https://amzn.to/45VpDdl 'Beyond The Syllabus': https://amzn.to/3ICkIFh 'Build an EPIC Career': https://amzn.to/4kJlOfB 'Make EPIC Money': https://amzn.to/3WHJ43F ‘Get EPIC Shit Done’: https://amzn.to/4fK1IR5 ‘Do EPIC Shit’: https://amzn.to/4fK9uuv My gear for shooting this video: 🎥 Sony a7III camera: https://amzn.to/3GtfwCJ 🎬 Sony FE 24-70 f2.8 Lens: https://amzn.to/449B8MM 📹 Sony E Mount FE 24-50mm F2.8: https://amzn.to/3RjcgiN 🎙 Shure SM7B Microphone: https://amzn.to/3Tk5Ygk 🔆 Godox Fill Light 60W: https://amzn.to/4exQvmL 💡 Godox Key Light 150W: https://amzn.to/4bkzLyE 📽 Benro IT15 Tripod for Sony a7III camera: https://amzn.to/4km4ZXP If you buy using the above Amazon links, I stand to make affiliate income from it and 100% of this income is contributed towards the education of kids who cannot afford it. My Social Media Handles: 📩 My weekly newsletter: https://ankurwarikoo.com/newsletter/ 📱 Instagram:   / ankurwarikoo   🐦 Twitter:   / warikoo   👨🏻‍💻 LinkedIn:   / warikoo   😄 Facebook:   / awarikoo   🖋 Daily Blog: https://ankurwarikoo.com/blog/