Hey everyone, and thanks for joining me this week. My name is Laura Adams. I'm a personal finance

expert and author who's been hosting the Money Girl podcast since 2008. If you're building a business

or you want to learn more about how to earn more income. I hope you'll grab a copy of my most recent

title. It's called Money Smart Solopreneur, a personal finance system for freelancers,

entrepreneurs, and side hustlers. It was an Amazon number one new release, and it's available

everywhere books are sold as a paperback, e-book, or audiobook.

If you're enjoying Money Girl, please subscribe, submit a rating, and participate by sending me

your money questions or comments. You can leave a message 24-7 on our voicemail line at 302-364.308,

and you can email me using my contact page at laura d adams.com or connect on

Instagram at Laura D. Adams. The mission for money girl is very simple. It's to help you get the

knowledge and motivation to prioritize your finances, build wealth, and have more security and less stress.

So if you're ready to take your financial life to the next level, you're in the right place.

Today's episode is number 731, called Five Ways to Help Your Kids Become Rich.

Today's show was inspired by a question that came in from

Nate M, who says, does interest income from savings bonds purchase for my three-year-old child

count as qualified income for contributing to an IRA for her retirement? Thank you for your question, Nate. I love that you're

already thinking about her financial future. And if you have kids or you want to start a family

someday, it's essential to get familiar with strategies and accounts that make it a little easier

to save and invest for them. So if that's something that you want to do,

stick with me. You're going to learn a lot about ways to give them a financial leg up in the world.

In this episode, I'm going to answer Nate's question and I'll review five ways you can set

your kids up for success. You'll learn when to start saving for a child and how it should fit into your financial goals. So let's get

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