# FAQ

**Q: Is it realistic to make your children millionaires before they leave home?**
A: While it may seem unrealistic to some, the article provides strategies and tools to help parents set their children up for financial independence by becoming millionaires before adulthood.

**Q: What are the primary ways a child can invest to become a millionaire?**
A: The three primary ways mentioned in the article are Roth IRA, Custodial Investment Account, and 529 College Savings Plan.

**Q: How can a child earn $61,000 a year starting as a teenager?**
A: The article provides six realistic ways a child can work towards earning $61,000 a year, including starting a scalable online business, content creation, freelancing high-value skills, competitive gaming, and more.

**Q: What is the ideal parental financial match to help children become millionaires?**
A: The article suggests a parental financial match up to the annual gift tax exclusion as a great strategy to encourage savings and financial responsibility in children.

**Q: What are the potential downsides of teaching kids about hard work, investing, and money management too early?**
A: The article discusses the potential unintended downsides of teaching kids about these concepts too early, such as burnout, algorithm changes in online platforms, and high-risk investing.

# Conclusion

Setting your children up for financial independence by making them millionaires before they leave home may seem like a lofty goal. However, with the right strategies, tools, and parental support, it can be achievable. Teaching children about earning, investing, and money management from a young age can instill valuable financial skills and set them up for a secure future. By utilizing tools like ProjectionLab and exploring various income-generating opportunities, parents can help their children build a strong financial foundation for the long term. Ultimately, the goal is to provide your children with the resources and knowledge they need to navigate challenges with confidence and independence, ensuring a brighter future for themselves and future generations.