Ep. 70 Teaching My Kids Financial Wisdom + Why I’m Letting Them Struggle (+ Mars' Move to Thailand!)

Описание: Raising teens with financial wisdom (and boundaries) is no small task. Especially when we’re trying to help our kids avoid the same disastrous mistakes we made! In this episode, I sit down with Ryan…friend, financial advisor, and father, to talk about some of the struggles (especially financial) that come with raising adult kids.

We dive into:
• My kids college 529 savings account: What they are, how you get them, and how I helped my kids save for theirs.
• My two “keys” (i.e. rules) they must fulfill to access these accounts as adults.
• When and where I’ve let my kids struggle so that they can grow (and avoid the pitfalls I experienced).
• Why Marley is in Thailand on her humanitarian trip and how this connects to her financial and college future.
• What is a Roth IRA and how can we all start saving better for our kids’ futures.
• Some of the hilarious and probably ridiculous (but hopefully effective) ways I’m teaching my kids to value money and real-life experiences.

We talk about all things from finances to stuffing suitcases with mac & cheese and shampoo. It’s part financial strategy, part parenting therapy… and all heart. Whether you’re a single mom, a tired dad, or just trying to raise grounded kids, this one’s for you.

Here are the key moments from the episode:
0:00 Why Marley Is Headed to Thailand
2:46 More About Marley’s Humanitarian Trip
10:51 How Much the Average Kid Costs to Raise
18:31 Who the Heck is Ryan?
22:01 The Best Financial Lesson My Dad Taught Me
33:01 How I Blew All of My College Money
38:41 What is a 529 College Savings Account
45:01 Roth IRAs and How to Build Your Kids’ to 5 Million Dollars!
50:31 The TWO KEYS to My Kids’ College Money
56:11 Why I’m Letting My Kids Struggle
1:10:46 How to Introduce Financial Literacy at Home
1:28:11 Preparing Your Kids for Life Without You
1:34:01 What to Do When Your College Kid Calls in Crisis
1:45:21 Final Thoughts on Growth, Grace & Letting Go

Connect with Heidi:
Website: https://heidipowell.net/
Email: [email protected]
Instagram: @realheidipowell
Facebook: Heidi Powell
YouTube: @RealHeidiPowell
Train with Heidi on her Show Up App: https://www.showupfit.app/

About Ryan:
Ryan Isaac is a financial advisor and co-founder of Dentist Advisors. For the past 17 years, he’s been helping dentists make sense of money and big life decisions. He also hosts the Dentist Money™ Show, the most widely listened-to financial podcast for dentists over the last decade, where he talks about everything from investing and taxes to the real-life challenges of running a business.