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Radical Personal Finance

921: How to Invest in Your Children at a Very Young Age, Part 9: Develop Great Writers

Radical Personal Finance

Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP

Self-improvement, Business, Education, Investing

4.21.9K Ratings

🗓️ 22 March 2023

⏱️ 84 minutes

🧾️ Download transcript

Summary

Transcript

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0:00.0

Welcome to Radical Personal Finance, a show dedicated to providing you with the knowledge,

0:02.8

skills, insight, and encouragement you need to live a rich and meaningful life now,

0:06.8

while building a plan for financial freedom in 10 years or less. My name is Joshua Sheets,

0:10.6

I'm your host. Today, we continue our series on how to invest in your children when they are

0:16.3

young. This one's going to be not quite very young. It's more going to be young,

0:21.6

and I will explain why. But today, I want to encourage you that you can help your children to

0:27.8

transform their thinking skills, their speaking skills, their communication skills broadly,

0:34.0

their leadership skills, their impact in the world, et cetera, by doing one simple thing,

0:40.0

which is encouraging and requiring your children to write. Now, let's set very quickly a little

0:51.8

bit of context for this show or for this series. We're doing this series here at the show called

0:57.2

how to invest in your children when they are young. And this is a series that is birthed out of

1:02.9

my years-long frustration with people going quick to save money from my kids' college as their

1:08.8

primary, in many cases, only way of thinking about how to invest in their children. And as a long

1:14.3

time frustrated financial planner, I've always believed that you can get a better return on your

1:19.0

investments by investing directly into your children rather than putting money and mutual funds

1:24.1

to save for college. Not that one is right and one is wrong, they're both fine, and I think most

1:28.0

parents can do both. But if you had to choose between tossing your kids into some industrial

1:34.2

government school somewhere and just never talking to them about their education again, but saving

1:38.5

for college versus talking with them and working on some of the techniques and the things that I'm

1:43.9

sharing with you, I think you're better off with what I'm talking about versus the other stuff.

1:49.6

Because if you get this stuff right, you don't have any need to save for college because your

1:53.3

child may not need college, your child will get paid to go to college. All the doors will open up.

...

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