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🚨SAVE and SHARE Hi I’m Dee! I’m a CPA and

🚨SAVE and SHARE

Hi I’m Dee! I’m a CPA and here to help you raise millionaire kids with generous hearts.

There are two types: direct-sold plans and advisor-sold plans.

1- Direct sold plans are like DIY kits, where you purchase the plan directly from the state or investment firm, without the need for a financial advisor. These plans are usually less expensive, more flexible, and easier to access. Think of them as a pirate’s treasure chest, where you have full control over your loot without having to share with anyone else.

2- Advisor sold plans are like having a crew of financial advisors to help you navigate the investing seas. These plans may offer more investment options and provide access to financial advice, but they also come with higher fees. It’s like having a crew of sailors to guide you, but you’ll have to share some of your treasure with them.

So, which one is better, you ask? I like direct-sold plans for parents who want to save money on fees and have more control over their investments. Because again, with direct-sold plans, parents can purchase the plan directly from the state or investment firm without having to pay for the services of a financial advisor.

You want to open a 529 plan for your child but you don’t know where to start?

Come to the LIVE 529 Masterclass and learn everything you need to know about 529 plans!

Date: Friday , March 17th
Time: 5pm PT/ 8pm EST
Price: $67

➡️DM me “I love my child” and I’ll send you the link to sign up 🙌🏻

#generationalwealth #kidsandmoney #parenting #parentingtips #parentinghacks #teachkidsmoney #financialfreedom #financialliteracy #parentinghacks #parentingtips #mompreneur #enterpreneurs #kidsfinancialliteracy #debtfreecommunity #debtfree #homeschooling #momprenuers #firecommunity #debtfreejourney #financialliteracy #financialeducation #financialliteracyforkids #financialindependence #kidsmoneyacademy

🚨 SAVE and SHARE Hi I’m Dee! I’m a CPA and

🚨 SAVE and SHARE

Hi I’m Dee! I’m a CPA and here to help you raise millionaire kids with generous hearts.

Here are other examples of clients who hired their kids in their business:

➡️ Flower Farmer: kids mow the lawn, help with weed control, pick flowers.
➡️ Shop owner: Kids sort and count inventory
➡️ Online cooking business: Kids cook for demo / social media posts and sample “ kid approved” recipes.

I have so many more examples!

Some things to keep in mind:

🍭 Document their work and wages.(w2)
🍭 Have a job description for them ( job description templates are included in How to Your Kids course)
🍭 Compensate them fairly at market rate (covered in detail in my course)
🍭 Stay compliant with child labor laws federal and in your state.
🍭 Follow the IRS requirements for filings.

Business owners take advantage of this IRS code all the time. You can too if you own a small business / side hustle.

🔥Enrollment for “How to Hire Your Kids” is now OPEN! DM me “my sweet deduction” to sign up!

Lastly, here are the two KMA rules to build lasting generational wealth for your family: 1) Get your own financial life in order, then invest for your kids 2) Make financial literacy a priority.

#hireyourkids #hireyourkidsandgetyourmoneyback #hireyourkid #generationalwealth #kidsandmoney #parenting #parentingtips #parentinghacks #teachkidsmoney #financialfreedom #financialliteracy #parentinghacks #parentingtips #mompreneur #enterpreneurs #kidsfinancialliteracy #debtfreecommunity #debtfree #homeschooling #momprenuers #firecommunity #debtfreejourney #financialliteracy #financialeducation #financialliteracyforkids #financialindependence #kidsmoneyacademy #lifeinsurance

🚨SAVE and SHARE Hi I’m Dee! I’m a CPA and

🚨SAVE and SHARE

Hi I’m Dee! I’m a CPA and here to help you raise millionaire kids with generous hearts.

As a parent, you absolutely should have TERM life insurance to protect your kids in case you die prematurely.

On the other hand, when purchasing WHOLE life insurance for your child, it is important to evaluate the costs and benefits carefully and consider alternative options that may be more effective for building wealth and protecting your family's financial security.

What is your take on this? Would you agree/disagree?

#generationalwealth #kidsandmoney #parenting #parentingtips #parentinghacks #teachkidsmoney #financialfreedom #financialliteracy #parentinghacks #parentingtips #mompreneur #enterpreneurs #kidsfinancialliteracy #debtfreecommunity #debtfree #homeschooling #momprenuers #firecommunity #debtfreejourney #financialliteracy #financialeducation #financialliteracyforkids #financialindependence #kidsmoneyacademy #lifeinsurance

🚨 SAVE and SHARE Hi I’m Dee! I’m a CPA and

🚨 SAVE and SHARE

Hi I’m Dee! I’m a CPA and here to help you raise millionaire kids with generous hearts.

Lily was a 15-year-old high school student who was determined to save for her future. She worked as a cashier at a local grocery store, earning $1,000 every month. Most of her classmates spent their money on clothes, gadgets, and other things they didn’t need, but Lily had a different plan.

Her parents had taught her the value of investing early on in life, and so they had opened up a custodial Roth IRA account for her. Every month, Lily deposited $500 from her earnings into the account, which her parents helped manage. She invested in low-cost index funds, which her parents had explained were a simple and effective way to diversify her portfolio.

Lily had set her eyes on a bigger goal. By the time she turned 20, her portfolio would be worth over $35,000. This was an impressive amount for a 20-year-old, and it motivated her to keep saving and investing. Lily knew that every dollar she saved today would be worth much more in the future.

As she approached retirement age, Lily’s portfolio had grown to over $2,319,000. She knew that this was a testament to her early investments and her dedication to saving. Lily had made smart choices and was reaping the rewards of her hard work.

🔥You want to create the same opportunity for your child?

➡️”Roth IRA for Kids” ebook has got you covered! This comprehensive guide includes everything you need to know about setting up a Roth IRA for your child.

👀In this 56-page ebook, you’ll learn about the three eligibility rules for Roth IRAs, so you can make sure your child qualifies. You’ll also discover legitimate ways for kids to make money, so they can start building their savings early on.

➡️Link in my bio!

#generationalwealth #kidsandmoney #parenting #parentingtips #parentinghacks #teachkidsmoney #financialfreedom #financialliteracy #parentinghacks #parentingtips #mompreneur #enterpreneurs #kidsfinancialliteracy #debtfreecommunity #debtfree #homeschooling #momprenuers #firecommunity #debtfreejourney #financialliteracy #financialeducation #financialliteracyforkids #financialindependence #kidsmoneyacademy

🚨 SAVE and SHARE Hey friends!🌻 Are any of

🚨 SAVE and SHARE

Hey friends!🌻

Are any of these cons surprised you?

It's important to weigh the potential risks and benefits and to have a clear plan in place for how the funds will be used.

Yes, with the right guidance and planning, custodial brokerage accounts can be a valuable tool for helping your child achieve their financial goals and that's why I try to post educational content here on Instagram.

🎁 Don’t miss out on another Friday FREEBIE! Every Friday I send out free financial resources for your kids so you can raise financially smart kids with generous hearts.⁠ Link in Bio or DM me the word “Friday Freebie,” and I’ll send you the link to sign up for free!💛

Lastly, here are the two KMA rules to build lasting generational wealth for your family: 1) Get your own financial life in order, then help your kids, and 2) Make financial literacy a priority.

🚨 SAVE and SHARE Hi I’m Dee! I’m a CPA and

🚨 SAVE and SHARE Hi I’m Dee! I’m a CPA and

🚨 SAVE and SHARE Hi I’m Dee! I’m a CPA and

🚨 SAVE and SHARE

Hi I’m Dee! I’m a CPA and here to help you raise millionaire kids with generous hearts!

The development of your child's money mindset begins at a young age and is influenced by a multitude of factors, including family, friends, media, and life experiences. Understanding these influences is crucial in promoting healthy financial habits in future generations.⠀⠀⠀⠀⠀⠀⠀⠀⠀
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You choose...Do you want to be in the driver's seat or the backseat? Your grand-grand-grand-grand kids, who you will never meet are counting on you. 🔥⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Ps: No pressure 😂

🎁 Don’t miss out on another Friday FREEBIE! Every Friday I send out free financial resources for your kids so you can raise financially smart kids with generous hearts.⁠ Link in Bio or DM me the word “Friday Freebie,” and I’ll send you the link to sign up for free!💛

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#generationalwealth #kidsandmoney #kidsandmoney101 #financialliteracy #kidsfinancialliteracy #debtfreecommunity #debtfree #homeschooling #momprenuers #firecommunity #debtfreejourney #financialliteracy #financialeducation #financialliteracyforkids #financialindependence #parentingtips

🚨 SAVE and SHARE Hi I’m Dee! I’m a CPA and

📌SAVE & SHARE FOLLOW 👉🏻 @kidsmoneyacadem

📌SAVE & SHARE

FOLLOW 👉🏻 @kidsmoneyacademy for more daily kids & money tips!

This scenario assumes 10% returns. Ok ask me any 529 questions you have!

If you don’t know where to start, I’m hosting a new masterclass “The 529 College Savings Masterclass” .

✅Date: Friday, February 3rd
✅Time: 5pm PST / 8pm EST
✅Fee: $67

You will learn:
👉🏻 New law changes and what to do with any unused 529 funds
👉🏻 The grandparent loophole
👉🏻 The best 529 plans to open
👉🏻 The worst 529 plans to avoid
👉🏻 How much to contribute every month to your child’s 529 plan
👉🏻 How to easily open a 529 account
👉🏻 Investment options inside a 529 plan
👉🏻 Three things you must do every year to ensure your child’s 529 plan is on track

⭐️Space is limited!
⭐️ Replay will be available after the class

🔥Get in the room ➡️ Link on my bio!

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#generationalwealth #kidsandmoney #kidsandmoney101 #financialliteracy #kidsfinancialliteracy #debtfreecommunity #debtfree #homeschooling #momprenuers #firecommunity #debtfreejourney #financialliteracy #financialeducation #financialliteracyforkids #financialindependence #parentingtips