How to Invest for Your Kids on Just $20 a Week with Nick Menegola

A $10,000 investment into a one year old's superannuation account, growing at 10% a year, becomes $1 million by the time they turn 60. In this episode, Michael sits down with financial advisor Nick Menegola from Capital Partners to break down exactly how to invest for your kids, from bare trusts and investment bonds to the truth behind the "CGT free after 10 years" marketing claim.🔔 Subscribe & leave a comment with your questions — we build episodes around what YOU want to know.General advice only and not personal advice. CRN 485467---------------------------------In this episode:The best structures for investing in your child's name: bare trusts, kids accounts, and investment bondsWhether investment bonds really are CGT free after 10 years, and the tax detail often left out of the marketingWhere to invest just $20 a week without brokerage fees eating your returnWhy concessional super contributions rarely make sense for kids, and when the government's co contribution can double your moneyThe compound interest timeline and how even 1% of your salary can create $300,000 by retirementMichael's three jar system for teaching a six year old to save, spend, and giveThree practical strategies every parent can start tomorrow, at any income levelWhy index funds and ETFs outperform 85% of stock pickers, and how COVID proved itHow the latest budget changes affect share market and trust investing for families---------------------------------Timecodes: (00:00) Cold open: the $10k super account trick(00:56) Welcome Nick Menegola from Capital Partners(01:25) Today's topic: investing for kids(01:50) Nick's first investing memory at age 12(04:20) Getting kids interested before getting it perfect(06:00) Whose name should you invest in(07:10) Kids accounts and bare trusts explained(07:40) Kids super funds and investment bonds(09:00) Investment bonds vs education bonds(09:25) Is the "CGT free after 10 years" claim true(11:20) Best strategy if you can only invest $20 a week(12:52) Concessional contributions into a child's super(14:30) The government co contribution scheme(15:15) Compound interest and getting the timing right(16:30) How 1% of your salary becomes $300k(17:35) The three jar system: save, spend, give(21:15) Three strategies every parent should implement tomorrow(25:10) Are we overthinking investing(28:35) How ETFs changed the game(31:35) How the new budget affects share investing(34:15) Nick's final advice for parentsSubscribe:https://www.youtube.com/@ThatBackyardPropertyPodcastInstagram: https://www.instagram.com/backyardpropertypod?igsh=MWhkOWx5YzJxdDc3ag==Website: https://tuskfinance.com.auConnect with Michael:Facebook: https://www.facebook.com/tuskfinancemkInstagram: https://www.instagram.com/mortgageswmichaelLinkedIn: https://www.linkedin.com/in/michaelkillinerTikTok: https://www.tiktok.com/@backyardpropertypodcastTusk Finance: [email protected] by Podwave Studios: https://www.podwavestudios.au#investingforkids #kidsandmoney #financialliteracy #australianfinance #wealthbuilding #superannuation #compoundinterest #familyfinance #propertypodcast #ausfinance #parentingtips #investmentbonds #baretrust #indexfunds #etfinvesting #capitalpartners #thatbackyardpropertypod #tuskfinance #moneylessons #generationalwealth