Suze Orman's Women & Money (And Everyone Smart Enough To Listen) Ask KT & Suze Anything: How Much Should I Charge My Child In Rent?
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Jun 19, 2025 This discussion dives into the complexities of charging adult children rent while maintaining healthy family dynamics. Financial growth strategies, like wise investments and understanding compounding interest, take center stage. Listeners get practical tips on navigating legal documents for young adults, as well as insights into managing finances post-retirement. They've also tackled international money transfer strategies to optimize finances abroad. It's a mix of solid advice and engaging stories to help listeners thrive financially!
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Shift to Roth for Growth
- Move some 401(k) contributions to Roth accounts to maximize tax-free growth in retirement.
- Avoid investing in real estate now due to unpredictable costs and risks; stocks may perform better with less hassle.
Set Boundaries with Child's Rent
- Charge your adult child and their partner fair rent to teach financial responsibility.
- Require them to pay utilities, food increases, and open a savings account with proof of growth monthly.
Suze's Early Financial Struggle
- Suze Orman and her friend lived in a van with minimal money, working multiple jobs to save.
- This tough experience shaped her financial independence and work ethic.
