How to set up your kids financially without even realising it, start something a little sooner!

Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired live on Friday 24 May 2024. This weeks topic is a perennial one that many parents and grandparents ask themselves ‘How can I give my kids the best financial start in life?’. Thank you for joining us live on 2CC or your favourite podcast streaming service.
Key topics covered include:
- You don’t need a lot to start
- Benefit from compound interest over time
- Consider adding to your savings over time
- Where should you put your savings?
- Let’s look at some saving examples over time
- Why Luke says do a little something a littler sooner!
- What stops people from starting something for their kids or grandkids?
- Don’t forget about education - the sooner you start showing kids
- Luke shares his top tips about helping the kids and grandkids.
Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals, including investment, super and retirement. Make an appointment to confidentially discuss your goals. Call Envision Financial Services on 6260 4749. You can use the contact us form to make an appointment, for a confidential discussion about your situation.
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[@jameslong7696]

Hi Luke love the content mate. I’ve started squirrelling away money each week for my 8 year old daughter, would you recommend the etf vdhg for a investment? I would like to help her with a house deposit when she is older . Thanks for the info mate.

[@thestrategystacker]

High growth vanguard. Lots of international and Aussie. Limited property so maybe pair it with VAP for diversification but long term it will grow for sure.