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.

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.