Raising teens with financial wisdom (and boundaries) is no small task. Especially when we’re trying to help our kids avoid the same disastrous mistakes we made! In this episode, I sit down with Ryan…friend, financial advisor, and father, to talk about some of the struggles (especially financial) that come with raising adult kids.

We dive into:

• My kids college 529 savings account: What they are, how you get them, and how I helped my kids save for theirs.

• My two “keys” (ie rules) they must fulfill to access these accounts as adults.

• When and where I’ve let my kids struggle so that they can grow (and avoid the pitfalls I experienced).

• Why Marley is in Thailand on her humanitarian trip and how this connects to her financial and college future.

• • What is a Roth IRA and how can we all start saving better for our kids’ futures.
  • Some of the hilarious and probably ridiculous (but hopefully effective) ways I’m teaching my kids to value money and real-life experiences.

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  We talk about all things from finances to stuffing suitcases with mac & cheese and shampoo. It’s part financial strategy, part parenting therapy… and all heart. Whether you’re a single mom, a tired dad, or just trying to raise grounded kids, this one’s for you.

  
  

  Watch the full episode on YouTube here or head to https://www.youtube.com/@RealHeidiPowell.

  
  

  Here are the key moments from the episode:

  0:00 Why Marley Is Headed to Thailand

• 2:46 More About Marley’s Humanitarian Trip

  10:51 How Much the Average Kid Costs to Raise

  18:31 Who the Heck is Ryan?

  22:01 The Best Financial Lesson My Dad Taught Me

  33:01 How I Blew All of My College Money

  38:41 What is a 529 College Savings Account

  45:01 Roth IRAs and How to Build Your Kids’ to 5 Million Dollars!

  50:31 The TWO KEYS to My Kids’ College Money

  56:11 Why I’m Letting My Kids Struggle

  1:10:46 How to Introduce Financial Literacy at Home

  1:28:11 Preparing Your Kids for Life Without You

  1:34:01 What to Do When Your College Kid Calls in Crisis

  1:45:21 Final Thoughts on Growth, Grace & Letting Go

  
  

  Connect with Heidi:


  Website: https://heidipowell.net/

  Email: podcast@heidipowell.net

  Instagram: @realheidipowell

  Facebook: Heidi Powell

  YouTube: @RealHeidiPowell


  Train with Heidi on her Show Up App: https://www.showupfit.app/

  
  

  About Ryan:

  Ryan Isaac is a financial advisor and co-founder of Dentist Advisors. For the past 17 years, he’s been helping dentists make sense of money and big life decisions. He also hosts the Dentist Money™ Show, the most widely listened-to financial podcast for dentists over the last decade, where he talks about everything from investing and taxes to the real-life challenges of running a business.