Sign up to save your podcasts
Or
Share 315: [Andrew Gold] The Generational Wealth Shift
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
315: [Andrew Gold] The Generational Wealth Shift
In this episode, we’re joined by Andrew Gold, a wealth strategist and father, who shares his insights on instilling financial wisdom in the next generation. As we explore the impending transfer of wealth estimated to be between $60 to $80 trillion, Andrew emphasizes the importance of teaching kids about money management early on. He discusses practical strategies for parents to help their children understand the value of money, the significance of starting investments young, and the importance of balancing saving and spending. From 529 plans to Roth IRAs, we dive into various investment accounts that can set children up for financial success. Andrew also shares his personal journey, highlighting the lessons he learned from his own upbringing and how they shaped his approach to wealth management. Tune in for actionable tips and a fresh perspective on financial planning that prioritizes both present enjoyment and future security.
Takeaways:
- Teaching kids about money management early can lead to healthier financial habits later in life.
- Investment accounts like 529s and Roth IRAs provide great opportunities for children to start building wealth.
- Balancing saving for the future and enjoying the present is crucial for a fulfilling life.
- Understanding the cost of living and the value of money helps children make informed financial decisions.
- Proactive financial planning can prepare the next generation for the challenges ahead.
More about Andrew Gold:
- https://pwealthmgmt.com
Chapters:
- 00:00 - Introduction to Wealth Transfer
- 05:15 - Instilling Financial Lessons in Children
- 12:45 - Investment Accounts for Kids
- 20:30 - Balancing Saving and Spending
- 30:00 - Andrew's Personal Journey to Wealth Management
- 40:15 - Planning with Purpose
Want to get on my show or looking to get on multiple podcasts?
Join Podmatch: https://www.joinpodmatch.com/wallet
Disclaimer:
The information provided in this podcast is for educational purposes only and should not be considered financial advice. Please consult with a financial advisor before making any investment decisions.
Thank you for tuning in! Don't forget to sign up for the About That Wallet newsletter at https://aboutthatwallet.com for more insights and updates.
Episode 315
View all episodes
By Anthony Weaver
5
2424 ratings
In this episode, we’re joined by Andrew Gold, a wealth strategist and father, who shares his insights on instilling financial wisdom in the next generation. As we explore the impending transfer of wealth estimated to be between $60 to $80 trillion, Andrew emphasizes the importance of teaching kids about money management early on. He discusses practical strategies for parents to help their children understand the value of money, the significance of starting investments young, and the importance of balancing saving and spending. From 529 plans to Roth IRAs, we dive into various investment accounts that can set children up for financial success. Andrew also shares his personal journey, highlighting the lessons he learned from his own upbringing and how they shaped his approach to wealth management. Tune in for actionable tips and a fresh perspective on financial planning that prioritizes both present enjoyment and future security.
Takeaways:
- Teaching kids about money management early can lead to healthier financial habits later in life.
- Investment accounts like 529s and Roth IRAs provide great opportunities for children to start building wealth.
- Balancing saving for the future and enjoying the present is crucial for a fulfilling life.
- Understanding the cost of living and the value of money helps children make informed financial decisions.
- Proactive financial planning can prepare the next generation for the challenges ahead.
More about Andrew Gold:
- https://pwealthmgmt.com
Chapters:
- 00:00 - Introduction to Wealth Transfer
- 05:15 - Instilling Financial Lessons in Children
- 12:45 - Investment Accounts for Kids
- 20:30 - Balancing Saving and Spending
- 30:00 - Andrew's Personal Journey to Wealth Management
- 40:15 - Planning with Purpose
Want to get on my show or looking to get on multiple podcasts?
Join Podmatch: https://www.joinpodmatch.com/wallet
Disclaimer:
The information provided in this podcast is for educational purposes only and should not be considered financial advice. Please consult with a financial advisor before making any investment decisions.
Thank you for tuning in! Don't forget to sign up for the About That Wallet newsletter at https://aboutthatwallet.com for more insights and updates.
Episode 315