So Money - Episode 424

Kimberly Palmer

"Smart Mom, Rich Mom" Author

Today’s guest has been on So Money before on episode 274 take a listen if you haven’t before… Kimberly Palmer is joining us again. She’s the work and jobs editor over at AARP. Now she’s out with a new book, Smart Mom, Rich Mom: How To Build Wealth While Raising A Family. In the book Kim talks about how it costs $250,000 to raise a child in today’s world and that’s not including college! She discusses the ways moms are now currently navigating these waters – maintaining a career, parenting and bringing in income… doing it all and succeeding. The book comes out in a few days on June 9th so be sure to pick up a copy then.

In our conversation, we talk about, why is it all up to mom to give the good lessons about money and how do you involve your partner? Also, how to save for college? How do you know how much to save every month if your child is going to college in, say 15 or 18 years? And a mistake that some moms who opt out of the workforce to raise their kids make when it comes time to going back in the work force and finding that new job.

If you’d like to learn more about Kim visit her website or follow her on Twitter @KimberlyPalmer.

One of my favorite quotes from the interview: “It falls on moms to make sure we make the right choices, save $ + build wealth for our family.” – Click To Tweet

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