7 Ways Parents Lose Money Helping Kids Buy⎟Ep. 2506
An Auckland dad called in with a question Ed gets more than almost any other: how do I actually help my kid into their first home?
In this episode, Ed and Andrew walk through the 7 real ways parents can help, and the costly traps hiding in each one.
You'll learn:
- The 7 ways to help your kids buy
- Why going guarantor can put your own home on the line, and how to cap the risk
- How much a $60,000 income actually borrows today
The golden rule? Help your kids all you can ... just not so much that it sinks your own retirement.
Book a meeting to start your path to financial freedom with a detailed financial plan for $0.
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