72: Financial Checklist for Parents (Current & Future)
Rich Habits Podcast
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Financial Planning Checklist for New Parents
This chapter provides a comprehensive financial checklist for new parents, covering essential topics such as obtaining a social security number for the child, investing in custodial brokerage accounts early on, and utilizing high-yield savings accounts and tax breaks for childcare expenses. It emphasizes the benefits of starting early with financial planning for children to take advantage of compound interest and secure their financial future.
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