How Parents Can Get a Legal Will Inexpensively or Free

Have you thought about what would happen to your family if you were no longer alive?

It’s a morbid thought. It’s also something all parents should think about if they want to protect their families. One of the best ways to care for your family after you are gone is to have a will.

Having a will ensures that what you wish for your family will actually happen when you die. It’s a legacy that most don’t like to think about, but is of the utmost importance. 

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How Fatherhood Sparked My Desire For Financial Independence

On one fine summer day in 2011, I was zipping around on my new moped headed to the local Rite Aid convenience store. I had an incredibly important purchase I was about to make.

After breezing through the sliding doors, I headed straight back to the pharmacy area. I was beaming. I was grinning ear-to-ear.

Given my excited state, the pharmacist probably thought I was a virgin looking to score my first Trojans. Nope. I was after something much more important.

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How Embracing Minimalism Makes Parenthood Easier – with Nicole Hill

This is one of my favorite times of the year. Every 50 episodes, I have the extreme pleasure of interviewing the most important people in my world … my family. With it being episode 150 (woo hoo!), I didn’t want to pass up the chance.

We’ll start things off with my daughter Zoey. We’ll be chatting about summer, sports and how she likes to use her chore money.

My son Calvin Hill will be next and we’re going to briefly discuss Spider-man, learning to ride his bike and why we give our money to charities. 

Last but not least, my final interview will be with my wife of almost 10 years, Nicole Hill. By popular demand from the MKM Community, we’ll be chatting about how embracing minimalism allows us to have a happier and less stressed home life. 

Here’s an abbreviated transcript of our conversation below. Enjoy!

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How I Helped My Daughter Secure Her Financial Independence with a Roth IRA – with Doug Nordman

Setting up a Roth IRA for your child can be an excellent way to support their future financial freedom. By demonstrating the importance the investing to your kids at a young age, you’re helping them to develop financial skills that will last a lifetime.

Today, we’re interviewing a father who’s actually put the Roth IRA to use for his daughter. Doug Nordman is the author of The Military Guide to Financial Independence and Retirement and the founder of the website The Military Guide. After serving 20 years of active duty in the US Navy, Doug retired in 2002, at the age of 41. Doug’s financial expertise has been featured in major national publications like MarketWatch, Business Insider, and CBS News.

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How a Roth IRA Can Make Your Kid a Millionaire – with Logan Allec

Compound interest is amazing. When our money starts making money over and over again, that’s when our retirement portfolios can grow rapidly. A funded Roth IRA will have a 6-figure sum in what seems like no time at all.

But what if we could harness that same power for our kids and turn them into future millionaires?

Today, I’ve invited Logan Allec to talk about how we can do this with a Roth IRA for kids. Logan is a CPA, real estate investor, and a full-time personal finance blogger.

And after spending nearly 10 years helping big businesses save money in his role as a tax advisor, he launched his site Money Done Right to help everybody make more money, save more money, and grow more money.

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Creating a 5-Hour School Week Through Real Estate Investing – with Kaleena and Aaron Amuchastegui

Homeschooling is the practice of educating kids at home or out in the world instead of traditional schooling. While the concept might be different or even radical for some, it’s on the rise. Since 2012, homeschooling has grown consistently by 3-8% per year.

So what’s the appeal for parents and for kids?

Well, that’s what we’re going to find out today!

Aaron and Kaleena Amuchastegui are parents of 4 and the authors of the Amazon Best Seller, “The 5 Hour School Week: An Inspirational Guide to Leaving the Classroom to Embrace Learning in a Way You Never Imagined”.

They crafted this book in the midst of their family’s journey into homeschooling and today we’re going to learn more about how and why they went this route for their family.

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How Grandparents Can Help With the Cost of College

Meg from Missouri wrote in about 529 plans and her generous in-laws:

I recently discovered your podcast and am really enjoying it.  I have a 529 question that I am having trouble finding the answer to.  My husband and I have a 5-year-old, 3-year-old, and 1 year old. My in-laws have been wonderful and opened 529 plans for each of our kids on their 1st birthday.  They contribute $600/year to each child. We are beyond lucky to have such a generous family. My husband has finally finished his medical training. We have purchased a home and are now able to start contributing to the 529 plans.

My question is … Can a child have more than one 529 plan?  We live in Missouri. Our in-laws opened 529 plans that are not associated with our state of residence.  Can we open 529 plans that would allow us to take advantage of tax benefits for the state of Missouri or can a child only have one plan?

Thank you for your help.

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5 Term Life Insurance Providers That Make the Process Easy

Are you overwhelmed by the thought of buying life insurance? You’re not alone. With so many options to pick from, it can be hard to choose. Back in the day, purchasing life insurance meant meeting with a salesperson to get a quote and often required a complicated medical exam. Luckily, you have better options that your grandparents did.

Here are 5 providers of term life insurance that are making it easier than ever to get the coverage you need.

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