This piece is part of my 2016–2026 archive migration. Some original formatting, content, and external links may be missing, changed, or not be optimized.
Your kid’s financial success always starts with YOU
Wrong. Sure it’s nice if your kids do all of these things, but more importantly, your kids need to learn how to manage money and start planning for their financial future through investing.
The best way kids learn is by watching their parents. If parents model healthy financial behaviors, their kids will most likely do the same.
Lesson 1: Set Up Your Kids To Be Millionaires
Do you know the best time to start an investment account for your kid? As soon as you get pregnant.
The more time a person has to invest, the less money they’ll need to invest.
You can set your kid up to be a default millionaire between the ages of 18–30 by investing a modest amount of money each month, but don’t do it all for them. Teach them the benefit of investing and eventually have them make contributions to their investment accounts.
Read more: here
Lesson 2: Parents Shouldn’t Pay For Their Kids College
I’ll admit, I was bitter watching kids get their school paid for by their parents, but in the end, I’m grateful I had to pay for it all myself. It taught me invaluable lessons about budgeting, money, and investing.
Read more: here
Lesson 3: My Parents Introduced Me To IRAs @ Age 14
My Parents Introduced Me To IRAs @ Age 14
I got super lucky. My parents introduced me to IRAs when I was 14 years old.
Introduce these types of investment accounts to your kids as early as possible. The sooner, the better. It’s never too early to teach your kids about the concept of money and investing. Start creating generational wealth now.
Read more: here
Lesson 4: 10 Things I Did To Pay Off 60k In Student Loans
10 Things I Did To Pay Off 60k In Student Loans
I had the opportunity to get my school paid for by the military, but I opted out. I didn’t want to sign over my life, so I took out student loans to pay the difference. Here’s how I paid off 60k in student loans, and here’s how your kids can do the same.
Read more: here
Lesson 5: Don’t Compromise Your Financial Health For Your Kids
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It pains me to see parents put their own financial needs last before everyone else’s. Please stop doing this. You’re only hurting yourself and setting yourself up to be financially dependent on your kids or the government. Who knows if either of these options will come through – especially the government.
Read more: here
Lesson 6: Three Of The Best Financial Gifts You Can Give Your Kids
Learn about the three best gifts you can give to your kids.
Gift #3: Save for retirement, so your kids don’t have to do it for you and can save for their new immediate family
Parents often don’t consider the financial burden they cause their kids by not saving for retirement. Think again and start saving today!
Read more: here
Lesson 7: Seven Things Research Says About Kids That Use A Piggy Bank
7 Things Research Says About Kids That Use A Piggy Bank
Who knew the pig with money could be so useful for our kids’ financial
My parents got my siblings and me piggy banks while growing up. I used them more than my siblings, and it paid off. They stole money out of my piggy bank instead of the other way around (haha). But more importantly, the financial habits stuck with me into adulthood.
Read more: here
Lesson 8: Parents, Stop Putting off Retirement Saving For “The Kids”
The topic of retirement pops up a lot in this article because so many parents continue delaying the action. What other financial decisions are you putting off all for the sake of “the kids.” You think it’s benevolent, but the best thing you can do is prioritize your financial health and find a way to still provide quality care for your children. But don’t hurt yourself in the process!
Read more: here
Lesson 9: Two Ways I’m Helping My “Kid” Reach Their Financial Goals Faster
2 Ways I’m Helping My “Kid” Reach Their Financial Goals Faster
There are many opportunities to help your kids learn about money. A primary way is through employing them.
Read more: here
Lesson 10: Five Actions Parents Should Execute For Their Kids’ Financial Futures
5 Actions Parents Should Execute For Their Kids’ Financial Futures
Learn five actions you can execute for your kids now to help them manage money better than you did. Give them a real shot!
Read more: here
Lesson 11: My Father Kept Introducing Me To Millionaires & Billionaires As A Kid
Exposure is what elevated my mind, thoughts, and finances. I doubt I would be where I am today financially if I wasn’t exposed to certain people, opportunities, environments, and knowledge.
Read more: here
This content is for informational purposes only — not professional advice. Consult a qualified professional before making any major decisions.