Financing Infertility & Adoption

I recently stumbled across the following radio interview with financial guru Dave Ramsey. How to Adopt Without Debt. You can read about the interview by clicking here. You can listen to the interview by clicking here.

He is talking to Julie Gumm, author of the book: Adopt Without Debt: Creative Ways to Cover the Cost of Adoption.

I absolutely LOVE Dave Ramsey. He helped my husband I get completely debt free. We are huge fans of Financial Peace and the debt snowball idea. There are many other financial gurus, all with the same basic message: live debt free.

I found this intereview to be right up my alley. I definitely want to get Julie Gumm's book. I do believe that while adoption costs are high, there are a lot of resources and avenues that can be employed to adopt without going into significant debt -- thus one of the reasons we founded Because of Isaac.

Be forewarned. Dave is speaking to people wanting to adopt a child to "help the world." Not people adopting due to childlessness. to adopt a child. I found his response a tad on the callous side, and therefore attempted to do some research on Dave's take on infertility debt -- something that my husband and I were forced to enter into when we were doing infertility treatments.

I did some research on Dave Ramsey's website and found his take on financing infertility treatments or considering adoption. I thought that during these calls, Dave did an incredible job showing compassion and empathy for individuals having to make these difficult decisions.

• A debt before adopt?  Question: Sharon and her husband make $90,000 a year with several thousand dollars in debt. They are considering infertility treatments. What does Dave say about starting a family while in debt?
• Pause the debt snowball for infertility treatments?  Question: Eric in Wisconsin and his wife are down to two debts they’re paying off. They’re approaching their five-year anniversary and want to start a family. They want to consider some fertility treatments making $50,000 a year. Is it okay to pause the debt snowball for this?
• Heart Wrenching Story  Question: Robin is incorporating fertility planning with Dave's financial planning. Insurance pays for most of the fertility planning and they pay their 20% with cash. They have $2,000 left in their fertility budget. She is 39 and feels "under the gun" personally and financially. Dave gives her a disclaimer and offers his best advice.