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Money Rehab with Nicole Lapin

Heidi and Marc D'Amelio, "TikTok's First Family" on Running a Family Business and Parenting Influencers

Money Rehab with Nicole Lapin

Money News Network

Education, Self-improvement, Business

4.61.7K Ratings

🗓️ 7 February 2024

⏱️ 40 minutes

🧾️ Download transcript

Summary

Roughly 57% of Gen Zers want to be influencers. Should their parents let them? Today I’m talking to the perfect people to ask: Heidi and Marc D’Amelio, parents of two of the biggest influencers on TikTok, Dixie and Charli D’Amelio. Nicole talks to Heidi and Marc about what advice they’d give parents of kids who want to be influencers, how in their family business they protect both the family and the business, how the changing business dynamics in their household has affected their marriage and so much more. Want more of the D’Amelios? Check out Heidi here, Marc here, D’Amelio Footwear here and Be Happy Snacks here. $ Take control of your finances by using a Chime checking account with features like no maintenance fees, fee-free overdraft up to $200, or getting paid up to two days early with direct deposit. Visit: http://chime.com/MNN  $ Looking for the perfect holiday gift for your coworkers, friends, and everyone in between? Choose Nicole’s favorite wine, Justin. Get 20 percent off your order for a limited time with the code “MONEY20” at http://justinwine.com/  $ Ready to find a financial advisor that’s right for your financial goals? Get matched with a trusted, vetted financial advisor at: http://moneypickle.com/MNN  All investment strategies involve risk of loss. The information shared in this podcast is for informational and entertainment purposes only. Listeners should do their own research and consult a financial advisor before making any investment decisions. See terms for additional details: https://moneynewsnetwork.com/terms/

Transcript

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0:00.0

I'm Nicole Lapin, the only financial expert you don't need a dictionary to understand.

0:07.0

It's time for some money rehab. Roughly 57% of Gen Ziers want to be influencers.

0:20.0

Now should their parents let them?

0:22.0

Today I'm going to ask the perfect people about this.

0:24.5

Heidi and Mark DeMilio, parents of the most famous

0:27.4

sisters on Tik-Tok, Dixie and Charlie DeMilio.

0:30.5

Together, they've been dubbed Tiktok's first family and their meteoric rise on social media has translated into huge partnerships, big brands, and a TV show.

0:40.0

Today I talk to them about what advice they'd give parents of kids who want to be influencers,

0:44.8

how in their family business they protect both the family and the business, and how the changing

0:49.2

money dynamics in their household have affected their marriage and so much more. Here's Heidi and Mark.

0:56.5

Heidi and Mark DeMilia, welcome to Money Rehab.

0:59.3

Thanks for having us. Thank you. Where did you guys meet?

1:06.1

Well, I had been modeling. I'm from Louisiana and I was modeling there, New Orleans, all of that and I wanted to see if I could do it in New York City. So my friends and I moved and I knew I had to have a job to actually pay the bills,

1:17.0

so I was a personal trainer at a gym, and the guy that ran my gym when he was in college was Mark's college roommate so when he moved into the

1:26.1

city he was like hey give me a gym membership to his buddy and that's where we met.

1:30.7

And was it love at first sight? For me it was definitely.

1:34.0

She was from the South.

1:36.0

She's from Louisiana.

1:37.0

I was born in New York City, lived in Connecticut,

1:39.0

very northeast upbringing,

1:42.0

and that whole thing of opposites a track I think was exactly what happened.

1:46.9

And then Tikchok happened.

...

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