319 | Make Your Kid a Millionaire

<div class= "elementor-element elementor-element-15da9379 elementor-widget elementor-widget-theme-post-content" data-id="15da9379" data-element_type="widget" data-widget_type= "theme-post-content.default"> <div class="elementor-widget-container"> <h3 id="h-what-you-ll-get-out-of-today-s-show">What You’ll Get Out Of Today’s Show</h3> <ul> <li>Do you want to give your children the tools they need to guarantee their path to financial independence? If you give them the right skills, becoming a millionaire can be a mathematical certainty.</li> <li>Achieving the objective of becoming a millionaire isn’t nearly as important as the process of getting there. Success is in the journey.</li> <li>For many of us, we made a lot of mistakes before finding the right information and learning that there is a better way.</li> <li>When you understand the power of compounding, you know how plausible it is to become a millionaire, and what you need to put away each month to get there.</li> <li>Much of the journey comes down to mindset, empowerment, and believing that you can make changes to better your life. It starts with the little changes that make your life 1% better.</li> <li>It’s time to stretch the tactics we use and apply them to a different age bracket. We generally talk about investing timelines starting around the age of 20. But how early could you really get started and why would you want to get started at an earlier age?</li> <li>For Brad, the reason is dual-pronged. He thinks the concept of saving for retirement is misdirected and he would frame it differently. Retirement is so far in the future, it’s harder to get behind during your younger years. However, the concept of financial independence is something people are more willing to take action on.</li> <li>Financial independence means you can control your time and have the autonomy to make decisions and you can take advantage of retirement vehicles such as 401Ks and Roth IRAs to reach FI.</li> <li>Financial independence is a better framework for talking about and plann