135. How to Financially Prepare Your Kids for the Future with Andy Hill

Financial Feminist

Her First $100K

Self-improvement, Education, How To, Business

4.7 • 6.2K Ratings

🗓️ 23 January 2024

⏱️ 60 minutes

🔗️ Recording | iTunes | RSS

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Summary

“When the average person hears the words generational wealth, they think succession, yachts, and trust funds. When you and I talk about generational wealth, what we're really talking about is — how do we make our future family, or even our communities, better than we had it?” Are you setting your kids up for financial success? Do you even know how to? In this episode, Tori welcomes award-winning family finance coach Andy Hill back to the show to find out all the questions parents are or should be asking to prepare their kids for the future. From how to start talking to your kids about money, why starting at a young age is important, to what programs and resources you should be investing in. This conversation is filled with practical strategies and tools you can use to set your children up for financial success. Don’t have kids? Don’t worry! You’ll still walk away from this episode armed with knowledge and financial tips you can personally use to become more financially secure (with or without kids). Read transcripts, learn more about our guests and sponsors, and get more resources at https://financialfeministpodcast.com. Not sure where to start on your financial journey? Take our FREE money personality quiz! https://herfirst100k.com/quiz Andy's Make My Kid a Millionaire Course: https://contact7--hillmedia.thrivecart.com/make-my-kid-a-millionaire/ Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	I think allowing them to make those mistakes and then having conversations with them afterward about it and almost letting that register in their brain a little bit.
0:08.4	Instead of trying to solve all of the problems for them right away, I think as parents what we try to do is try to not let them
0:14.0	have any sadness or any problems or any worries in their lives and that doesn't
0:19.5	really set them up to be independent adults. Hello, financial feminists, good morning, good afternoon, good evening, good midnight, I don't
0:28.0	know when you're listening, but I am so excited to see you back here.
0:31.6	My name is Tori, I'm a financial expert, I'm a multi-millionaire. I am a New York
0:35.8	Times best-selling author and I fight the patriarchy by making you rich by giving you actionable
0:40.6	resources to better your money and to fight the patriarchy at the same fucking time.
0:44.8	Okay, you know the drill.
0:47.2	Subscribe if you aren't already subscribed.
0:49.1	Review the show.
0:50.0	If you love the show, just leave us a quick review.
0:52.7	Five stars, tell us what you like.
0:54.7	And if you don't like the show, stop listening.
0:56.5	I don't want you to listen to things that you don't like.
0:59.4	Don't listen to things you don't like.
1:00.7	You got better uses of your time.
1:03.4	Today's guest is a returner, and we're so excited to have him back on the show.
1:08.2	He is one of my favorite people to talk to,
1:11.2	and one of just my personal favorite personal finance creators.
1:16.0	If you don't have children, this is still a great episode because the well-being of our next
1:20.7	generation is something we all need to hopefully guarantee, right?
	...

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