When you’re a new parent, there a lot of financial hurdles to jump over.
What are we going to do for childcare? How does this affect our income? Can we afford this new life of ours?
Today we speak with a new parent who’s recently had to answer a lot of these questions. Sarah Li-Cain is our guest today. She is a young mother, a wife and a full-time writer. By pursuing her passion and growing her income, Sarah has been able to make over $100,000 per year working 25 hours per week and still be able to spend quality time her with 3-year old son.
What are we covering?
Sarah Li Cain and I discuss:
- How she transitioned from full-time teacher to part-time writer and doubled her salary
- How she was able to save up two years of savings to make the transition
- Why becoming a writer is so important to her and her ability to raise her son
This episode demonstrates the importance of both parenthood and finding your entrepreneurial path through creativity. After all, we're better parents when we're happy parents.
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About our Guest: Sarah Li-Cain
Sarah Li Cain is a finance writer, author, and holistic money coach. She calls herself the “money storyteller” because she weaves practical tips and strategies into her work so that those trying to change their money mindset can see themselves in the starring role.
She is the co-host of the podcast Beyond The Dollar, where she aims to help others integrate physical, spiritual and mental wellness so that money becomes a tool to enhance their lives.
Money Master of the Week
Tim, from Life for the Better, recently had a huge net worth win!
At the age of 25 years old, he has achieved a net worth of $225,000.
HOW DID He DO THAT?
- Served in the military so he received the GI Bill for his service (bye-bye student loans)
- Had a savings rate of around 60-70%
- Invested early by maxing out his retirement options and becoming a landlord in his early 20’s
WHAT’S His NEXT FINANCIAL GOAL?
Tim's shooting for financial independence so he can choose his own path in life.
Want to learn more about Tim and how you can grow your net worth? Visit him at LifeForTheBetter.com!
Tim is our Money Master of the Week!
Share Your Wins
- First name
- Your recent big win
- How you did it
- If/How you celebrated
- Your financial plans for the future
Your story will inspire others to save more, make more and plan for their family’s future.
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SARAH LI CAIN’s RESOURCES
Blog and Podcast: Beyond the Dollar
Recommended Book: Buddhism for Mothers by Sarah Napthali
MKM PODCAST RESOURCES
#BigTipTuesday is here!
I’m creating a fun way for the Marriage, Kids and Money Community to Give Back this holiday season. I’m calling it “Big Tip Tuesday” …
I would love for our community to surprise 10 hard-working people in the service industry with $100. That would be $1,000 of joy spread to those who are working hard during the holidays. So, what do you think? Are you in?
Please email me and let me know. Giving is SO much fun. Think about the smile you’ll bring to someone’s face who is not expecting it. THANK YOU FOR CONSIDERING IT!
Young Family Wealth Playbook (FREE): 7-Steps to Solidifying Your Family’s Future Wealth
Support this Show
If you enjoyed this podcast episode, here are some excellent ways to support the show:
- Leave a review for the show on Apple Podcasts or Stitcher
- Leave a comment below
- Check out my Recommended Resources Page
- Subscribe to the show on Apple Podcasts, YouTube, Spotify, Google Podcasts or Stitcher
- Join our Thriving Families Facebook Community – learn and help other families grow their wealth
I truly appreciate the support everyone!
I’d love to hear from you!
If you’d like your question featured on the show, reach out and let me know. It would be my honor to support you in your journey toward financial freedom.
Carpe Diem Quote
“I don't focus on what I'm up against. I focus on my goals and I try to ignore the rest.”
— Venus Williams
What challenges do you face as a young parent looking to grow your income?
Please let me know in the comments below!
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