Most Parents Get This Wrong About Kids & Money (Do This Instead)
Most parents are teaching their kids how to spend and save… but not how to build wealth.
And that gap?
It can cost them decades.
In this episode of Millionaires in Medicine, I’m joined by CPA and Kids Money Academy founder Dee Komaromi to break down how you can raise financially confident, wealth-building kids—without overcomplicating it.
Because here’s the truth:
If your kids don’t learn how money actually works early… they’ll have to figure it out the hard way later.
💡 WHAT YOU’LL LEARN
⏱️ 3:21 – Why most kids grow up financially unprepared
⏱️ 4:04 – Saving vs investing (and why it matters early)
⏱️ 5:12 – How to teach kids money (without overwhelm)
⏱️ 7:02 – 529 plans explained
⏱️ 24:23 – Best accounts to build wealth for your kids
⏱️ 25:00 – UTMA/UGMA Accounts
⏱️ 30:43 – Custodial Roth IRAs
⏱️ 37:43 – “Trump Accounts” explained
🧠 KEY TAKEAWAYS
Teaching kids money is about systems + repetition, not one-time lessons
Investing early matters more than how much you invest
There are multiple ways to build wealth beyond just college savings
Financial literacy starts at home—not in school
🚨 REAL TALK
If you don’t intentionally teach your kids about money…
They’ll grow up:
Confusing saving with investing
Chasing income instead of building wealth
Repeating the same financial mistakes most adults make
And I don’t want that for you or your family.
🎯 NEXT STEP
👉 Get 1:1 support to build wealth & optimize your finances:
https://www.millionairesinmedicine.co...
Guest bio
Dee Komaromi is a CPA, mom of two, and the founder of Kids Money Academy, a platform dedicated to helping parents raise millionaire kids with generous hearts. She teaches parents how to invest for their children and build long-term wealth intentionally. She also helps families normalize money conversations at home through practical tools, investing education, and her signature Money Chit-Chat Conversation Cards.
Kids Money Academy: www.kidsmoneyacademy.com
Instagram: / kidsmoneyacademy
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