How to Make Your Kid Rich on $1 a Day

What if just $1 a day could set your child up for long-term wealth?

In this episode of Money Sense, Amy Bremmer, Wealth Services Advisor at Ellenbecker Investment Group, is joined by Faith Reiter from the EIG Marketing Team, who is expecting her first child, to break down a simple but powerful strategy built on the time value of money.

Together, they explore how small, consistent contributions, whether from parents, grandparents, or loved ones, can grow over a lifetime. From UTMA accounts to Roth IRAs, this episode walks through a step-by-step approach to turning early investing into generational wealth.

They also discuss the realities of modern parenting costs, how to prioritize investing amid competing financial goals, and why starting early, even with a small amount, can make all the difference.

00:00 Welcome & Why This Topic Matters
02:05 The Cost of Raising a Child Today
04:15 What $1 a Day Really Means 
06:20 UTMA Accounts Explained 
10:45 $365 vs. Lump Sum Strategy
16:30 The Roth IRA Strategy
19:50 From $1/Day to Millions

New episodes of Money Sense drop every Tuesday. Subscribe for more conversations about aligning your money with what matters most.

#MoneySense #FinancialPlanning #GenerationalWealth #InvestingForKids #RothIRA #ParentingFinance #WealthBuilding #TimeInTheMarket

ELLENBECKER INVESTMENT GROUP
Presenter of the Money Sense Podcast. Ellenbecker Investment Group (EIG), a registered investment advisor, provides comprehensive financial planning and fiduciary wealth management for individuals, families, businesses, and charitable foundations.
Website: https://www.ellenbecker.com/

This podcast is for educational purposes only and should not be considered legal, tax, or financial advice. Guest opinions represent the views of the individuals speaking, and references to companies do not imply endorsement by Ellenbecker Investment Group.