84 | Everything You Need to Know on Opening a Roth IRA for Your Child | Penny Rose, CPA

Looking for ways to boost your income? Check out these resources to help you with your money journey. Bio Penny is a CPA for digital creators and coaches. Penny, her husband Mike and their pets live full time in their travel trailer.  They are stationary in Florida until Penny finishes her traditional 9-5 career as a forensic accountant.    Lightning Round 1. What is one fun fact about you that not that many people know? I’m a drone pilot. I have a FAA drone pilot’s license, and I can run mapping missions.   2. Who inspires you the most and why? I am very inspired by a quote by Ralph Waldo Emerson, “Every man I meet is in some way my superior; and in that I can learn of him”. 3. What books are you reading now or have read and loved that you’d recommend? I will Teach You to Be Rich by Ramit Sethi   4. What is one actionable tip or piece of advice that you can tell our moms out there to help them on their financial independence journey? I highly recommend getting a side hustle, and I highly recommend making sure that he can set up rate and have a separate bank account for it. Also, create generational wealth and hire your kids.   Additional Resources 19 Tips for Navigating Money in Your Relationship Investor Mama Podcast Episode #79: What Type of Savings Account Should You Have for Your Kid with Autumn Lax from Drucker Wealth Gusto Payroll Compound Interest Calculator Podcast: Over My Dead Body Relay Bank Connect with Penny Instagram