How To Set Your Kids Up Financially

By Bill Jackson July 18, 2023 2 mins read 1623 Views

|||

New to the Erika Taught Me podcast? Start here:
Barbara Corcoran (Shark Tank) on success: https://youtu.be/iL4Pc5povO8
What Financial Experts Won't Tell You About Money - https://youtu.be/EIoEkbk4zcM
Ryan Serhant on Creating a Millionaire Mindset - https://youtu.be/lHHKla4W-JQ
Asking The $100,000,000 Man How To Get Rich | Alex Hormozi - https://youtu.be/R20SqiiGZQo

Ep 41 - Alexa von Tobel is the founder and former CEO of LearnVest and the current Managing Partner of Inspired Capital, a venture capital firm she founded. As a mother of three, Alexa is going the extra mile to help her kids know everything they need to know about money and finances. Alexa gives advice on how to talk to your kids about money and how to help your kids have a good relationship with money, and she lists everything you should be doing to help set up your kids financially.

Get Alexa's book, Financially Fearless: https://amzn.to/3NWI8UJ

Thanks for tuning in and come back every Tuesday for a brand-new episode!

Prefer to listen on the go? Listen wherever you get your podcasts. https://www.erikataughtme.com/follow

Did you enjoy the episode?⁠⁠ Please leave us a review here⁠⁠: https://erikakullberg.com/review (just scroll to the bottom and tap on “leave a review”) It really helps the podcast especially since we’re just getting started. Even just a sentence is perfect!

Follow the podcast @erikataughtme across platforms.
Connect with me on Instagram @erikankullberg
For more information, go to https://www.erikataughtme.com/
For more of my free resources: https://www.erikakullberg.com/links

Get on my personal finance & investing course priority waitlist here. https://erikakullberg.com/3DMoney
Get my Mastering YouTube course, to learn how to grow a YouTube following and monetize it. https://erikakullberg.com/MasteringYT

Timestamps:
00:00 - Intro
00:51 - LearnVest and traits to become a successful entrepreneur
17:28The 50-20-30 rule and other budgeting tips
23:35 - How to teach your kids about money and investing
32:22 - Things you can do as a parent to set your kids up financially: Roth IRA and Roth 401(k)
37:47 - Things you can do as a parent to set your kids up financially: 529 Plans
39:58 - Other things you can do as a parent to set your kids up financially
47:48 - Alexa's one personal finance takeaway
48:57 - Alexa Taught Me