How Teaching Kids Small Money Habits Leads to Big Financial Independence - with Nick Grose
Description
Want your kids to build smart money habits early? Discover how small, consistent steps can lead to lifelong financial independence.
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In this episode of FI for Kids, Dominic DeLaquil sits down with Nick Grose to explore how parents can set their children — and themselves — on the path to financial freedom. From the power of compounding to the benefits of 529 plans, custodial accounts, and Roth IRAs, they break down practical ways to start building wealth today.
Nick shares how family conversations about money shape financial confidence, why market downturns can actually be golden opportunities, and how the discipline he learned in sports translates to financial success. Most importantly, this conversation emphasizes that financial independence doesn’t come from one big leap — it comes from consistent, small actions that compound over time.
Whether you’re a parent hoping to teach your kids money skills, or a young adult ready to take control of your financial future, this episode is packed with tools, mindset shifts, and action steps to help you build a legacy of freedom.
What you’ll learn:
· How 529 plans and custodial accounts work for kids
· Why Roth IRAs can be powerful for teens and young adults
· The role of parents in shaping money habits early
· Why consistency beats perfection in saving and investing
· How discipline from sports applies to financial success
· Why downturns can be opportunities for young investors
If you want your kids (or yourself) to start building wealth and confidence with money, this episode will give you the tools to start.
Investment Advisory Services offered through Bay Colony Advisors DBA Grose Wealth Management. None of this information should be considered financial advice. No financial advice may be rendered without a signed investment advisory contract.
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