With house prices soaring, more parents are looking for ways to support their children’s first step into the property market. But how do you strike the balance between generosity and protecting your own financial security?

In this episode, we explore the practical options available, the risks to watch out for, and strategies to make sure your support doesn’t come at the expense of your future.

 

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Home Deposit Help: Supporting your Kids Without Risking your Retirement

Plenty of books, podcasts and blogs focus on building wealth – and that’s great, as far as it goes. But focusing just on wealth misses the point. I believe what most of us actually want is to have choice. Choice in how much time we give to income-producing activities. Choice about what those income-producing activities are. Choice about where we live. Choice about when we retire. Choice about the ways we use our money to produce happiness. In the Financial Autonomy podcast, I explore the different ways you can gain choice - from investing in stocks to becoming self-employed, starting a side hustle, or buying an investment property. I share learnings I've gained working with clients for over 20 years as a Certified Financial Planner, and interview others with interesting insights or experiences in gaining choice in life.