Mark shares insights on achieving financial independence and preparing the next generation for financial freedom. Returning from his trip to French Polynesia and Hawaii, Mark delves into strategies for setting up children and the next generation for financial success using Roth IRAs, 529 plans and custodial accounts.
He also answers a listener's question about whether to contribute to a Traditional 401k, Roth 401k or Roth IRA. The episode concludes with Mark reflecting on Warren Buffett's retirement and the power of compounding growth.
If you would like your question answered on the show, please send an email to Mark@MarksMoneyMind.com and put “podcast question” in the subject line.
Episode Links:
Mark’s Money Mind YouTube Channel
The Wonder of Compounding | Episode 011
Berkshire Hathaway 2025 Annual Meeting: Morning Session
Berkshire Hathaway 2025 Annual Meeting: Afternoon Session
Timestamps:
- 00:28 Recent Travels
- 01:54 Setting Up for Financial Independence
- 04:03 Funding College Education
- 06:49 Custodial Accounts for Nieces and Nephews
- 08:45 Roth IRA for Young Earners
- 24:31 Listener Question
- 32:14 Warren Buffett's Retirement
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