15min chapter

Rich Habits Podcast cover image

Q&A: Handling a $100K Salary, Investing with $50 / Month, and Downsizing

Rich Habits Podcast

CHAPTER

Building Wealth for Kids and Retirement Planning Strategies

This chapter delves into financially supporting children by investing in index funds via a Roth IRA, stressing the importance of starting early and the power of compound interest. It also offers retirement planning advice for a 65-year-old named Greg, discussing selling assets to maximize investments. Additionally, the hosts explore the impact of small investments for college student Will, advocating for side hustles to boost financial stability.

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