It’s never too early or late to start teaching your kids healthy financial habits. In this week’s episode of Grow Money Business, Grant shares a few core concepts that will instill habits that are geared towards long term financial stability. Throughout the conversation, we cover the importance of saving, compound interest, tax-advantaged investing, employing your kids in your business, and more.
[05.51] Saving Money – Grant starts off the conversation by explaining the importance of teaching your kids to save their money.
[09.35] The Power of Compound Interest – Grant shares some tips on how to explain the power of compound interest to your children.
[18.06] Compound Growth – Grant segues into the importance of long-term compound growth.
[20.03] Tax-Advantaged Investing – Grant walks us through the right time to introduce tax-advantaged investing to your children.
[25.26] Employing Your Kids – Grant shares how to employ your kids in your business and save cash on their behalf.
Core Financial Concepts to Teach Your Kids