Description

Send us a text

This 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 on
• Making 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 working
• How to invest for your kids if you're just  getting by and can't invest for your kids now
• The one thing you can offer your kids that is priceless - a toolkit to tackle life

I 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.'