First, it's important to understand what renouncing a royal title means. Renouncing a title is the act of giving up one's royal position, rights, and privileges. In Meghan and Harry's case, this would mean that they would no longer be known as His/Her Royal Highness, would lose access to certain funds, and would no longer have the same level of security provided to them by the British monarchy.
One possibility that could happen if Meghan and Harry were to renounce their titles is that they would lose some of their privileges and perks. For example, they would no longer be able to attend certain events and would no longer receive funding from the monarchy. They would also have to fund their own security arrangements, which could be costly. However, this would also mean that they would have more freedom to pursue their own interests and passions.
Another scenario that could unfold if Meghan and Harry were to renounce their titles is that they would be able to live a more normal life. Without the constraints of their royal duties, they would be able to focus on their charitable endeavors and pursue careers that they are passionate about. They would also be able to raise their son in a more private setting and away from the constant media attention that comes with being a member of the royal family.
However, renouncing their royal titles would not be without consequences. For one, Meghan and Harry would no longer be representing the British monarchy, which could have diplomatic implications. They would also no longer have the same level of influence and power that comes with being a member of the royal family.
Another consequence of renouncing their titles is that Meghan and Harry would no longer be able to carry out certain royal duties, such as attending state dinners and other official events. They would also lose their place in the line of succession to the British throne, meaning that their son Archie would not have a place in the line of succession either.
If Meghan and Harry were to renounce their royal titles, it could mean losing certain privileges and perks, but it could also mean gaining more freedom to pursue their own interests and passions. However, it would also come with consequences, such as losing their place in the line of succession and no longer being able to carry out certain royal duties. Ultimately, the decision to renounce their titles is a personal one that would have to be carefully considered by Meghan and Harry themselves.