#603: What We're Doing with Our Kids Rent Money

We get asked so often about how we handle money with our adult kids, so we finally sat down to share exactly what our family does, what we don't do, and the numbers behind it all. Chapters: 2:19 – Do We Charge Our Kids Rent? Our Family's Approach 3:59 – Getting Kids Started with Investing Early 5:03 – Understanding Life Insurance as an Investment Vehicle 7:37 – How We Handled Their Vehicles (Interest-Free Car Payments to Us) 13:33 – The Compounding Math: $583/Month for 11 Years = $2.8 Million 21:26 – The First Home Savings Account (FHSA) Explained 28:49 – "Saving Your Latte Money Won't Make You a Millionaire"  Let's dive in! Thank you for joining us today. If you could rate, review & subscribe, it would mean the world to me! While you're at it, take a screenshot and tag me @jennpike to share on Instagram – I'll re-share that baby out to the community & once a month I'll be doing a draw from those re-shares and send the winner something special! Click here to listen: Apple Podcasts – CLICK HERESpotify – CLICK HERE Free Resources: Free Perimenopause Support Guide | jennpike.com/perimenopausesupport Free Blood Work Guide | jennpike.com/bloodworkguide The Simplicity Sessions Podcast | jennpike.com/podcast Get 20% on thewalkingpad.com using code "JENNPIKE20" Metabolic Guide | jennpike.com/metabolic-guide Get discounts at happybumco.com using code "JENNPIKE" *code doesn't apply with Black Friday sale* Programs: Ignite: Your 8-Week Body Transformation Program | https://jennpike.com/ignite The Peri & Menopause Project  - Join the Waitlist | jennpike.com/theperimenopauseproject Synced Virtual Fitness Studio | jennpike.com/synced Services: Work With Jenn | https://jennpike.com/work-with-jenn/ Functional Testing | jennpike.com/testing-packages Business Mentorship | The Audacious Woman Mentorship:  jennpike.com/theaudaciouswoman Connect with Chris: Instagram | @chrisborsellino Finance Discovery Session | Book Here Connect with Jenn: Instagram | @jennpike Facebook | @thesimplicityproject YouTube | Simplicity TV Website | The Simplicity Project Inc. Have a question? Send it over to [email protected] and I'll do my best to share helpful insights, thoughts and advice.