Money is all the rage these days! We all worry about it even when we make resolutions that involve it. With my kids being minors, I wanted to opportunity to be able to help manage my kids finances when they are younger. I recently found out about an UGMA account and while the account belongs to the child, even if they’re a minor and can’t manage stocks on their own yet, I can help be the custodian of it. In order to keep my kids in good financial status when they are older, anyone can contribute to an UGMA account, including grandparents or other relatives. Contributions come from after-tax dollars which is a huge plus. Learn more about UGMA 101 today and start planning.
To get 2024 money savy ready, I also had the chance to talk to Andini Makosinski, who is the host of the Your World on Money! It was very informative to be able to ask her questions about money and how it relates to just about everyone in this world. If you are overwhelmed or anxious about money, this is the interview you want to tune into and then also watch the Your World on Money shorts!
About “YOUR WORLD ON MONEY”
Feeling overwhelmed and anxious about money? Don’t worry — it’s a common feeling, especially among young people. The journey to financial security can be challenging, particularly when your formal education or familial guidance about money management might have been lacking, or maybe nonexistent. That’s where Andini Makosinski steps in. As a 25-year-old self-employed inventor who earned a spot on Forbes’ “30 Under 30” list, Andini understands firsthand the financial challenges faced by many in her generation. Driven by a desire to bridge the knowledge gap, Andini is embarking on an enlightening journey to explore the fundamentals of personal finance, guided by a team of seasoned wealth experts. In the new series, Your World on Money, Andini delves into a wide array of topics that are integral to financial success, including budgeting, investing, homeownership, retirement planning, and more. Throughout the series, viewers will have the opportunity to learn alongside Andini as she uncovers valuable insights, tips, and strategies for managing money effectively and achieving financial independence. “Your World on Money” is more than just a series—it’s a roadmap to a secure financial future. Join Andini and her expert mentors as they demystify the complexities of finance, empowering you with the knowledge and tools needed to pave your own path to financial freedom. In partnership with Experian #yourworldexperian
INTERVIEW WITH Andini Makosinsk:
Andini is a 24 year old Filipina-Polish Canadian inventor, writer and popular in-demand speaker. An all round 21st century Renaissance woman, Andini is best known for her invention of the Hollow Flashlight, a flashlight that runs off the heat of the human hand, and the eDrink, a coffee mug that harvests the excess heat of your hot drink and converts it into electricity to charge your phone. She is currently writing her first book, focused on the Inventing Mindset, which is set to be released by a major publisher in Spring 2024. Andini has given 5 TEDx talks, is a brand ambassador for Maybelline’s new Green Edition sustainable makeup line, one of Forbes Magazine’s 30 Under 30, Time Magazine’s 30 Under 30 World Changers, Entrepreneur Magazine’s Young Millionaires, and Glamour Magazine’s College Women of the Year, and Popular Science’s Young Inventor of the Year.
1. Tell us about your background?
She is from Canada and was inventing from the time growing up. She wanted to piece things together to invent things and she won a google science fair when she was 15. She loves combining arts and science. She just graduated from college in this and film studies. She also loves the Stem World and combining business and economics.
2. What is your favorite episode?
She loves filming the openers. She loves the opening for the pizza slices, because she can walk around with pizza in the middle of NYC.
3. When did you become interested in all things money? How did you become involved?
She became the director many years ago at an event she was speaking at. Then a few summer ago, he asked her to host this. She got nervous because she didn’t know too much about finances but she learned as she went along. She become more financially responsible from this. They just filmed season 2 coming out end of January.
4. How would you suggest to become financially literate?
She said to watch the show because it is a great step into the finance world including stocks and credit. From there, having a good accountant is very important and getting into discussions with your friends about finances.
5. Do you hope to continue this?
She says she loves to work with the team and would absolutely love to continue with this series.
6. What would you tell kids at a young age to be money savvy?
She said to tell the schools to teach finances even to the younger kids. Also telling the school to teach about taxes. Parents need to probe the schools to do financial literacy classes. Also set the example for your kids how spending works and how saving works. By showing them, you are teaching them.
WATCH SEASON 2 COMING OUT END OF JANUARY!!
*This is a paid post between Responsival and The Mommyhood Chronicles. All opinions are my own and not swayed by outside sources.*