I Put My Toddler on Payroll. Here's Why.
Money Rehab with Nicole Lapin

I Put My Toddler on Payroll. Here's Why.

B2Upper-intermediateSeptember 2, 202615 min

A listener named Lauren DMed Nicole with a simple question: what is she doing to make sure her daughter has more money than she did growing up? Today, Nicole answers in full, walking through the exact accounts, strategies, and tax moves she is using to build wealth for her toddler from day one. Nicole breaks down the three accounts she opened for her daughter (a 529, a custodial Roth IRA, and a custodial brokerage account), why she gifts directly into the 529 for every holiday, and how she is legally paying her daughter through her business...

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And if you're not a parent,

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B2

B2 · Upper-intermediate

Comfortable if you already follow TV news

A1 32%A2 34%B1 20%B2 13%C1 1%
  • 86% of the words are B1 or easier.
  • 178 words a minute: natural, fairly fast speech.
  • 66 harder words (B2 and up) in the whole episode.

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0:00

All right, let's talk about how to make our kids rich. And if you're not a parent, please send this to a loved one who has kids or just save it for yourself later

0:09

if you ever decide to do the parent thing yourself. I mean, on most days, most days, I 10 out of 10 recommend it. The reason we're talking about this today

0:17

is because I got a DM from a listener. I'm gonna read it to you right now. "'Dear Nicole, my son is the same age as your daughter. I think he's two.

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