Ep 474: Future Millionaires: How to Raise Kids Who Dream Big and Build Wealth Early

HerMoney with Jean Chatzky

Jean Chatzky Her Money

Investing, Entrepreneurship, Business

4.8 • 1.3K Ratings

🗓️ 7 May 2025

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today’s episode, Jean is sitting down with the brilliant Rachel Rodgers — bestselling author, CEO of Hello Seven, and mom of four — to talk about how we can help the next generation not just survive, but truly thrive. Rachel shares her fresh, practical roadmap for helping young people build wealth early: from learning to dream big (million-dollar big!) to teaching them the language of money, investing their earnings, and embracing an entrepreneurial mindset. We dive into why just "getting a job" isn't enough anymore, how to help Gen Z overcome financial stress, and why every kid should think like an owner and investor. Looking for more financial confidence? 🚀 FinanceFixx – Our 4 or 8-week coaching program to get your finances on track! 📈 InvestingFixx – A club for women ready to grow their wealth. Your first month is completely free. Have a question for us? Write to us (or send us a voice note!) at [email protected]. While you’re at it, join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This approach of just get a job, it's not going to work anymore, and so we need a new plan.
0:06.4	And that plan is learning how to become an owner and investor.
0:09.4	So a job is a part of it.
0:11.1	But then let's use some of the proceeds of that job to become an investor and even start a side hustle.
0:17.2	Because just relying on the paycheck, it's not working right now in this economic
0:21.7	environment.
0:24.1	Hey, everybody.
0:25.3	Thanks so much for joining us today on Her Money.
0:27.7	I'm Gene Chatsky.
0:29.2	Look, we all want to set our kids up for success.
0:33.4	We want them to be happy, absolutely follow their dreams.
0:37.1	And yes, to ultimately succeed and be financially stable.
0:42.0	That's important.
0:43.6	But the reality is the amount of money we need to be able to retire without worrying about running out, it just keeps climbing.
0:57.1	A few years ago, the magic number to be able to retire comfortably seemed to be around 900,000. Today it's closer to 1.5 million. And in another 50 years,
1:04.9	we could be looking at 2.5 million or more. The truth is, becoming a millionaire is not just a goal that sounds great on paper. It is
1:15.2	quickly becoming, according to my guest today, a necessity. And the earlier young people start
1:21.8	learning about money, learning about investing, learning about the power of compounding, the easier it's going to be for
1:29.8	all of them to get there, which is why I am so excited for today's conversation with Rachel Rogers.
1:35.9	You all know her. She has been here before. She is the CEO and founder of Hello 7, where she has
1:42.2	helped hundreds of people build million-dollar businesses.
1:46.9	She is also the best-selling author of We Should All Be Millionaires, and now she's back.
	...

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