Want to set your kids up for financial success?

In this video, we break down the 4% Rule—a simple retirement strategy that teaches kids how much they need to save for a secure future. Learn how compound interest and investing help grow savings over time. Whether you're a parent or just starting your financial journey, this lesson is a game-changer!

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In this episode of ASK TOM, Tom Henske sits down with fellow dad David Vynerib to tackle some of the most pressing financial questions parents face when teaching their kids about money. From the challenge of passing down financial wisdom to the realities of budgeting in expensive cities like New York, this episode is packed with practical advice for parents and young adults alike.

Tom and David discuss:

• How to effectively teach kids financial responsibility
• The challenge of keeping up with the Joneses in affluent areas
• Budgeting and saving strategies for young adults living in high-cost cities
• The best way to approach saving for the short, medium, and long term
• Roth 401(k) vs. Traditional 401(k): Which is better for young professionals?
• How to start financial conversations with kids—even if it's later than you’d like
• The top three financial lessons every young adult needs to know

If you're a parent wondering how to help your kids build smart money habits, this episode is for you!

Resources Mentioned:

• The power of compound interest and why saving early matters
• Employer 401(k) matches and how young professionals can take advantage of free money
• Real-world examples of how financial choices today impact long-term financial security

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• Email: val@fl4kids.org
• LinkedIn: Val Chapman
• Twitter: @FinLit4Kids
• Website: https://fl4kids.org/
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