3 Ways to Make Your Kid a Multi-Millionaire

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Retirement, Moneyadvice, Investing, Savingmoney, Personalfinance, Business

4.6 • 2.8K Ratings

🗓️ 16 July 2025

⏱️ 63 minutes

🔗️ Recording | iTunes | RSS

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Summary

Want your kids to live like millionaires without sacrificing your own financial future? We break down three powerful ways to set up your children for long-term wealth, plus what parents must do (and avoid) to make sure the money lasts. Then stick around as the team gathers questions from out in the wings, including a spicy question on hiding money. Jump start your journey with our FREE financial resources⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠Reach your goals faster with our products⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠Take the relationship to the next level: become a client⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠Subscribe on YouTube for early access and go beyond the podcast⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠Connect with us on social media for more content⁠⁠⁠⁠⁠⁠⁠ Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life. http://nordvpn.com/MONEYGUY Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:35.2	Brian, I am so excited about this because as parents, we always want to think about, okay, what can I do to set my kid up?
0:43.3	What can I do to influence my child so that they might be successful in this life?
0:48.3	And today, we want to share with you guys three ways that you can do that for your kid well we talk about compounding
0:56.6	interest is the eighth wonder of the world if michael scott said that if you want to know
1:01.3	see concrete proof this is so fun when you get to play with calculators and others to see if you
1:07.8	just open up time the powerful element of time, what does it do? And I think about
1:15.1	like children, because there's so much content out there where people are saying, hey, I've got my
1:19.4	newborn, you know, I'm going to pay them to be a baby model and all these other things. So I think
1:24.3	it is important. If we could go through what through these three key elements, and I kind of gave
1:28.7	a hint with what I just said, let's talk about scenario number one, lump sum investing at the
	...

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