Luke on 2CC - Give your kids the best financial start!

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.

www.envisionfinancial.com.au/...
This podcast is also available on Apple Podcasts and Spotify - ‘The Strategy Stacker - Luke Talks Money’
(open.spotify.com/show/2V0zIrO...) ( / @thestrategystacker )
Have you thought about helping your own kids or grandkids?
Are you doing anything for your kids or grandkids finnacially to help them kickstart life? Do something a little sooner and remember you don’t have to start with a lot. Seek financial planning advice if you need help.
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 (www.envisionfinancial.com.au/...) form to make an appointment, for a confidential discussion about your situation.
Luke will return to 2CC to talk about other ‘Money Matters’ next week. You can catch up with ‘The Strategy Stacker - Luke Talks Money’ podcast at a time that suits you.
We look forward to your company again and Luke’s book Smart Money Strategy is out now. (www.envisionfinancial.com.au/...)
(www.envisionfinancial.com.au/...)

[@silversun119]

What about the tax implications?

[@thestrategystacker]

A few options - cover the tax for your kids if you hold assets in their names. Hold the assets within a trust if you have one and disperse to them as adults or hold the asset in your own name and give it to them later. The main point is do something and be consistent

[@silversun119]

@@thestrategystacker Great advice