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  • Writer's pictureEnvisage Property

How can I help my kids financially?

Okay, so we get a lot of questions that come in saying "How can I help my kids financially?". Well the easy option is to hand them $50,000, give them a house deposit, you're on your way, wrong.

I don't think that's the answer for long-term wealth, the answer is educate your kids, have a conversation around the dinner table around money, it's your friend not your foe, how to save, how to create money, how to get some passive income happening in their life. Really get them the knowledge that they need so they can take action themselves and not be relying on someone external to their life for the next 30 or 40 years once they hit adulthood. It can start today doesn't matter what their age get them going with knowledge, basics first and then work your way through as they go.

Need more advice on this topic? Consider booking a clarity call today.

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