4 Ways to Give a Young Child a Wealthy Future (Reissue)
Money Girl
Macmillan Holdings, LLC
4.6 • 1.8K Ratings
🗓️ 24 December 2025
⏱️ 27 minutes
🧾️ Download transcript
Summary
885. Laura answers a listener's questions about how to find a trustworthy financial advisor and give a young child financial freedom.
Find a transcript here.
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Transcript
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| 0:00.0 | Hey, everyone, it's Laura. I'm taking a little time off around the holidays to celebrate with family and friends, and I hope you'll be able to do the same. I've got a great show lined up for you about four ways to give a young child a wealthy future. This is a Q&A format, came in from a listener who was really looking for excellent ways to invest for a young |
| 0:23.4 | child and give them a secure financial future. So whether you have kids of your own or want |
| 0:29.5 | to be a parent someday or just know somebody that might need this advice, I hope you will |
| 0:35.2 | enjoy this show. Have a wonderful holiday and I'll be back with you soon. |
| 0:44.2 | Hey, everyone, welcome back to Finance Friday. It's another special edition of Money Girl, |
| 0:49.1 | where I answer any burning money question that you have. And today's topic comes from Ashley C. She left a |
| 0:55.8 | great voicemail. Here it is. Hi, Laura. My name is Ashley C. I cannot thank you enough for all of |
| 1:05.1 | the incredible content that you share with us. I am a 33-year-old new mom to a little six-month-old girl. I have a question, |
| 1:15.6 | well, two questions. The first is trying to figure out how you can sift through all the |
| 1:23.0 | financial advisors who may or may not be fiduciaries and ask questions of them to know if they're going |
| 1:31.7 | to be a good fit for you and give you honest advice. I think it would be really helpful to hear |
| 1:37.8 | how you can trust them through a series of questions that you ask and that you can ask multiple |
| 1:43.4 | advisors to then |
| 1:44.5 | compare no. And then the second question is, if I want to set up my daughter, she's six months |
| 1:51.7 | old, for financial future that enables her to have financial freedom, what are the accounts |
| 1:58.5 | and strategies you'd recommend so that I can get her up and running? |
| 2:02.4 | So far, I'm setting up a 529, and I know that there's a lot of perks with new legislation around |
| 2:11.9 | converting 529, should she not end up going to school. So I'd like to just hear, you know, how to be investing and in what kind of accounts to open up. |
| 2:22.7 | I really appreciate all of the work that you do for everyone who listens. |
| 2:27.9 | You are contributing to a series of lives that are going to be better off because of the education that you afford us all |
| 2:36.8 | to have. So thank you again, Laura. Thank you so much for your generous words and great questions, |
| 2:42.7 | Ashley. First, this podcast will review several excellent ways to invest for a young child, |
... |
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