For many young adults and new parents, getting their savings or investment plans started can feel intimidating. Despite all the information available online, most don't realize that setting aside small amounts early—$25 a week or $100 a month—can grow into a lifetime of financial security through the power of compound interest.

In today's episode, SHP's VP of Advisory Solutions, Nick Nelson, is back to explain why building strong saving habits early makes a huge difference later in life. He details simple steps for young savers, how low-cost index funds help, and why consistency beats market timing for long-term success.

In this conversation, you'll also learn the best vehicles for helping children build long-term wealth—from 529 plans and UTMAs to custodial Roth IRAs—and how families can begin meaningful, healthy conversations around money. They also discussed other important topics, such as when a young investor may need an advisor, how to create financial goals effectively, and why a simple, consistent plan can make early savers dramatically more successful over a lifetime.

In this podcast interview, you'll learn:

• Why starting your savings plans early—even with small amounts—creates extraordinary long-term advantages.
• How compound interest can turn $100 or $250 per month into millions over a lifetime.
• The best accounts for young savers, including 401(k)s, Roth IRAs, brokerage accounts.
• How parents and grandparents can use 529 plans, UTMAs, and custodial Roth IRAs to help with their children's education costs.
• Why timing the market is a losing game and what young investors should do instead.
• How to keep investing simple by using low-cost index funds and long-term discipline.
• When a young investor may need a financial advisor and when they might not.

Want the Full Show Notes?

To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit SHPfinancial.com/podcast

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