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START HERE: What Should My Daughter Do With Her $25,000? | A Start Here Guide for Young Investors
Episode 17
Imagine turning 18 and gaining access to $25,000 that’s been sitting in trust since childhood. What would you do with it? keep it safe in cash, invest it for the long term, or a mix of both?
In this Start Here episode of SugarMamma’s Fireplay, I respond to a thoughtful mum whose daughter is about to receive compensation money from a childhood accident. The money has grown only modestly with inflation over the last 15 years (to around $31,000 today), and her mother wants to guide her wisely.
This episode is about more than dollars, it’s about education, empowerment, and helping a young woman build confidence with money.
Here’s what we cover:
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💰 Cash for short-term goals - why money needed in the next few years (car, study, housing) should stay in cash for safety.
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📈 Investing for the long term - how shares, LICs, and ETFs can grow over decades, and the importance of risk profiling.
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🔀 Splitting the difference - why she doesn’t have to choose all or nothing, and how a “buckets” approach can provide both security and growth.
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📚 Learning first - why reading personal finance books and listening to podcasts helps young people take ownership of their money decisions.
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👩🎓 Superannuation - why setting this up early with the right investment option creates a powerful head start.
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⚡ Advanced strategies (later in life) - an introduction to gearing (borrowing to invest), why it’s higher risk, and why it should only be considered in the future with proper advice.
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✨ The bigger picture - how this money is not just a gift, but an opportunity to become a strong, independent, and financially confident woman.
The key takeaway? There’s no single “right” answer - but with education, patience, and empowerment, this gift can become the foundation of lifelong financial freedom.
💬 Let’s Keep the Conversation Going
I’d love to hear your thoughts on this episode! Reach out to me anytime on Instagram @SugarMammaTV so we can keep this important conversation alive.
📚 My Books
If you’re ready to deepen your financial knowledge, check out my books:
- Best Seller:The $1000 Project
- **Mindful Money](https://amzn.to/3RV0poc)
- Motivated Money by Peter Thornhill(a huge inspiration for me): Read it here
(These are Amazon affiliate links to my own books.)
💡 Work With Me
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Published on 3 weeks ago