I recently spoke with Nikki Bush on her podcast where we discussed how to raise financially savvy and financially independent children so that they will not be on their parents’ payroll into their 30s!
I have raised three children and believe that it’s not difficult for young people to become financially independent. My eldest daughter is a hairdresser who was able to purchase her first property at the age of 25 years! Yes, you need to listen up. Wayne is a Certified Financial Planner with the Financial Planning Institute and has 28 years of experience.
The conversation covers:
💰 How to cut the financial apron strings with your children and why that’s important
💰 The secrets to setting your children up for financial success for life no matter what qualification they have or how much their earn
💰 How adulting naturally brings young people into conflict with their parents as they try and spread their wings
💰 Reading the signals and doing something to support the independence process through money
💰 Helping children to move on
💰 The 20% rule
💰 The debit order discipline
💰 How your children can buy their own property in their 20s
💰 Does your child need a credit card to get a credit rating?
💰 The importance of liquidity
💰 The importance between a track record at work and a track record at the bank