TOP 5 Financial Steps After Baby - Why Freeze Your Child's Credit? - Ep. #68

Should you freeze your new child's credit? Learn more about this and the Top 5 financial steps you should take ASAP after having a baby. If you have or are expecting children, today's episode is a must-listen!

00:00 - Intro
00:47 - I Missed My Son's Birth
15:20 - Top 5 Financial Steps After Baby
15:31 - #0 Update Your W-4
17:09 - #1 Call Insurance 
18:33 - #2 Attain SSN and Birth Certificate
21:36 - #3 Update Will and Beneficiaries
24:33 - #4 Freeze Your Child's Credit!
33:12 - #5 Open Up An ESA or 529

In today's story, Jay recounts the wild ride that was the birth of his second child. He missed the delivery by mere moments for an unexpected reason. If you like birth stories, this one will have you on the edge of your seat!

For the main topic, Jay shares his TOP 5 financial steps to take within the first two weeks of your child being born. While these may not seem urgent, just wait until you hear about #4! You can have a huge impact on your child's future financial success from the very day they are born! If there was anything we missed in this list, please let us know in the comments!

Reference Links:

Your Social Security Card Is Insecure - CGP Grey: https://www.youtube.com/watch?v=Erp8IAUouus

ngpf Q/A of the Day: https://www.ngpf.org/blog/question-of-the-day/question-of-the-day-what-percent-of-minors-under-18-years-of-age-have-had-their-identity-stolen/

The Truth About Child Identity Theft: https://www.safehome.org/identity-theft-protection/child-identity-theft-protection/

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Music: "Take Me Higher" by Jahzzar

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