How To Invest For Your Kids (Without Going Broke)

Send us Fan MailThis topic is near to my heart, and yours I presume! As immigrants and BIPOC, especially, we know all about Black Tax but we want to lessen the burden for the next generation. In this week's episode, we talk about how to invest for your kids even if you don't have kids yet. We cover:Take care of yourself first (financially)What you teach and model is more important than how much you pass onMaking investing and financial literacy part of everyday conversations (age-appropriate, of course)Open a 529 college savings account (or an RESP in Canada)Open a custodial account (the UK equivalent is a Junior ISA)Open a Roth IRA for your child as soon as they start workingHow to invest for your kids if you're just  getting by and can't invest for your kids nowThe one thing you can offer your kids that is priceless - a toolkit to tackle lifeI can't wait to hear and see all you do to protect, educate, and position your kids. Thank you for listening to this episode of the Rich Immigrant podcast, please rate, review, subscribe, and share this episode with a parent or future parent today. Stay connected with the podcast and join our community online at www.therichimmigrant.com or on  Instagram at 'Therichimmigrant.'Thank you for the gift of your time and attention. Thank you for listening to this episode of the Rich Immigrant podcast, please give the podcast a 5 star review on Apple Podcasts, subscribe, and share this episode with someone in your world that needs  to hear these conversations.  Please join our community online at www.therichimmigrant.com or on  Instagram at 'Therichimmigrant.'