Setting Up and Helping Out Kids | 9 to FI 028 | 9 to FI Podcast

Balancing Financial Support: Navigating Family Investments in Children's FuturesIn this episode, hosts Josh and Elliot discuss varying approaches to financially supporting children from high school through to adulthood. They explore concepts such as purchasing first cars, college funding, and financial independence, drawing on their own experiences as well as the evolving landscape of education and employment. They also touch on the importance of balancing support with encouraging self-reliance, and consider the potential benefits of providing financial assistance at pivotal life milestones like weddings and buying a first home. The conversation is framed within the broader context of creating a stable, supportive family environment while fostering independence and financial responsibility.00:00 Introduction: Supporting Children Financially00:26 Hosts' Personal Updates and Reflections04:10 High School Years: Car Purchases and Responsibilities17:00 College Support: Plans and Perspectives31:06 Post-College Independence and Financial Responsibility34:15 Weddings and Financial Gifts39:57 Final Thoughts and Wrap-UpAny of these products help the show. Thanks for your support!Mint Mobile - We both use ⁠Mint Mobile⁠ and save a ton on our phone plan: ⁠https://fbuy.me/vgAmz⁠⁠Empower⁠ is Josh’s choice for Net Worth and BudgetingWanna create a podcast? We use ⁠Descript⁠Looking for a new credit card?  We’re big fans of ⁠Chase⁠⁠Buy Us a Coffee⁠ - One time donation or monthly, it’s up to youWant to save money on gas? Try ⁠Upside!⁠Books mentioned in this episode:Come find us and subscribe on YouTube: http://www.youtube.com/@9toFIWe want to hear from you!Contact Elliot: [email protected] Josh: [email protected]