053. Set Your Kids Up For Financial SUCCESS / Ask The Money Nerds

Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!

Teaching your kids about the world of money and finance can feel daunting. It's not often a part of conversation and the complexity often overwhelms us. On today’s Ask The Money Nerds segment, we have a question from a parent about how to start an investment account for a teenager. Amanda and I go through several options for parents that will help them find success in their investing journey!

For tips on hiring your kids within your business visit: https://wealthfactory.com/hiringyourkids

Time Stamps:
2:07 – I’m interested in setting up an investment account for my 15 year old, what’s the best product to do so?
3:30 – Why I use Cash Value Life Insurance on my kids
5:30 – Why I am not a big fan of 529 Plans
8:00 – Concerns if you get involved with too many types of investments
8:50 - Build your child's financial IQ
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Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/

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