What's the best thing you can do for your child's financial future and when should you start? 

Briony Benjamin is back as guest host of Get Rich while Molly is on maternity leave, and this week she's tackling a topic close to her own heart as a mum of two! Briony sits down with financial advisor and investing expert Daisy Magor to break down everything Australian parents need to know about how to invest for their kids, no jargon, no complicated finance-speak, just clear and practical advice for mums who want to give their children a financial head start.

Whether you've been putting off investing for your children in Australia because you're not sure where to start, think you need more money to begin, or you're worried about getting the tax side of things wrong, this episode is for you.

In this episode, you'll learn:

• Why starting small and early makes a bigger difference than you think
• What $100 a month from birth could actually grow to by the time your child turns 18
• The main ways to invest for your kids in Australia and which one might suit you best
• Whether you should pay off debt first or invest at the same time
• What an ETF is and why it's one of the simplest investment options for Australian parents
• The difference between investing in your name versus your child's name (and why it matters at tax time)
• What investment bonds and education bonds are and when they make sense
• The minor tax rates that catch Australian parents off guard
• How ethical investing works inside an ETF
• What grandparents and relatives need to know about gifting money to kids in Australia

Perfect for: Australian mums with young kids, anyone wanting to invest on behalf of their children, and women who want to make their money work harder for the next generation.

The biggest takeaway from this episode? You don't need to be wealthy to set your child up for long-term financial success, you just need to start. 🎧

Connect with Daisy Magor here - https://directory.ladiesfinanceclub.com/listing/daisy-magor/

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The advice shared by Ladies Finance Club is general in nature and does not consider your individual circumstances. Our content is for educational purposes only and should not be relied upon to make financial decisions. If you are considering purchasing a financial product, read the PDS and TMD and seek financial advice tailored to your personal needs. Molly Benjamin and Ladies Finance Club Pty Ltd are authorised representatives of Wattle Partners Pty Ltd, AFSL 383169.

Ladies Finance Club acknowledges the Traditional Owners of the Land on which this podcast was recorded, the Gadigal people of the Eora Nation. We pay our respects to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples.

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