We get asked so often about how we handle money with our adult kids, so we finally sat down to share exactly what our family does, what we don't do, and the numbers behind it all.
Chapters:
2:19 – Do We Charge Our Kids Rent? Our Family's Approach
3:59 – Getting Kids Started with Investing Early
5:03 – Understanding Life Insurance as an Investment Vehicle
7:37 – How We Handled Their Vehicles (Interest-Free Car Payments to Us)
13:33 – The Compounding Math: $583/Month for 11 Years = $2.8 Million
21:26 – The First Home Savings Account (FHSA) Explained
28:49 – "Saving Your Latte Money Won't Make You a Millionaire"
Let's dive in!
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