Why these Aussie kids are already on the path to becoming millionairesThis YouTube star’s message to parents is simple: You don’t need to be wealthy to help your children build wealth. 6 min read

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A growing number of Australian families are giving children something more powerful than pocket money — a lifelong head start.In this week’s episode of Money Talks, powered by Vanguard, finance ...

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His family moved to Australia from Myanmar when he was seven, and money was tight.A growing number of Australian families are giving children something more powerful than pocket money — a lifelong head start.  Credit: 7NEWSInvesting felt like something “only people in suits could do”.Now he has a YouTube channel where he explains how to build wealth simply. And kids are getting it faster than anyone expected.Kids voicesAt a Perth primary school featured in Money Talks, students proudly shared how they earn, save and invest.One student told host Tim McMillan: “I get $20 a month. I rotate chores each week — the dishwasher, washing, emptying the bin.”Another earns by cleaning: “I feed the dog his dinner. That’s my job. I get $11 every week.”A group of primary school students sit side-by-side in a classroom, confidently discussing their financial goals.  Credit: 7NEWSAnd they’re not just working for lollies anymore.One boy has already built a side hustle: “Sometimes I sell horse manure on the side of the road for people’s gardens… about $40 every two weeks.”Another started a bin-cleaning business with a friend: “We do $30 per bin… we’ve made 800 bucks. About 400 each.”And what do they do with their profits?Some splurge: “Maybe buy some Crocs… and the little accessories for them.”But more and more Australian children are saving and investing.You might also like to read:Natasha is 28 years old with $310,000 in shares and a $1 million net worth - these are the rules she swears byMelissa Browne is one of Australia’s leading finance experts but her shocking divorce decision still haunts herThe $250 rule: Finance expert Melissa Browne on the small habit every teenager should be doingOne future investor boasted: “I’ve bought a surfboard, a Jurassic Park video game, and now I’m saving for a Kindle.”Another proudly declared, “If I want to buy shares, I have to save $500. Then it can increase ... and I could have $600.”A classmate explained the share market like a seasoned broker: “If lots of people sell it, it goes down. If lots of people buy it, it goes up. You make a profit.”One student has already made “three thousand dollars profit”, and plans to own a KFC one day.“You need food to survive,” he explained. “So more people will probably buy food. Especially fried chicken.”Playing the long game Bryan says even $100 a week invested during childhood could grow to $1 million by retirement.“It gets bigger and bigger and bigger,” he said. “You’re earning interest on top of interest.”His message to parents: You don’t need to be wealthy to help your children build wealth.You just need to let them start early — and let them believe they can.How to make it happen More Australian parents are looking for new ways to give their children a financial advantage, and long-term investing is emerging as one option gaining traction.With rising living costs and a tougher path to home ownership, experts say the greatest gift parents can offer may be the power of time in the market. Vanguard Australia highlights that even small, regular contributions can grow into a substantial nest egg by adulthood.In an example scenario, assuming investment returns of 5.80 per cent per year, contributing $50 a month from when a child is born could grow to around $18,200 by the time they turn 18.*Note: The example above is provided for illustrative purposes only. It is not a forecast or guarantee of future returns. All investments carry risk, and past performance is not a reliable indicator of future returns.One of the key selling points for families is accessibility.Vanguard Personal Investor Kids allows parents to start investing for their children on a regular schedule.There are no account fees, and management costs are kept low. The platform also offers optional one-off top ups to help build wealth over time.The investments themselves are designed to be simple, using what Vanguard calls ready-made portfolios.These are diversified strategies managed by professionals, so parents do not need to pick individual shares or manage trading decisions. It is positioned as a set-and-forget approach aimed at long-term outcomes.Vanguard is one of the largest investment managers globally, overseeing more than $18 trillion in assets for more than 50 million investors.The company says families can benefit from that scale and expertise, particularly if they are unfamiliar with investing.Financial advisers who support early investing say the benefits extend beyond the final balance. They argue that children who grow up watching their money grow are more likely to understand saving, patience and long-term planning once they reach adulthood.What is the MoneyTalk podcast? Money Talks, the new 7NEWS podcast powered by Vanguard, cuts through the confusion to help Australians take control of their money — from investing and super to saving and retirement.Hosted by Tim McMillan, each episode features Australia’s leading personal finance minds and Vanguard experts sharing smart, practical insights to help you make confident decisions and build lasting financial freedom.Along the way, listeners reveal their most honest money confessions — real stories of fear, failure, and success — giving experts the chance to unpack what’s really going on behind our financial habits and start the conversations we’ve all been too afraid to have.It’s time to talk money - openly, honestly, and without the jargon.Money Talks is brought to you by Vanguard. Do you not like money? Start investing in your future with Vanguard’s investments and low-fee super.Vanguard Investments Australia Ltd (ABN 72 072 881 086 / AFSL 227263) is the product issuer of Vanguard Personal Investor and the Vanguard Australian funds and ETFs. Vanguard Super Pty Ltd (ABN 73 643 614 386 / AFSL 526270) is the trustee of Vanguard Super. Read the relevant IDPS Guide, PDS and TMD available at vanguard.com.au and consider if a product is right for you before making an investment decision. Past performance is not indicative of future results.Vanguard analysis using SuperRatings Fee Report, shows Vanguard MySuper Lifecycle as one of the lowest fee MySuper products as at 30 June 2025. Other fees and costs may apply, please refer to the PDS.* Vanguard calculations based on a scenario assuming a 5.80% annual return, modelled using the Vanguard Capital Markets Model (VCMM), with an annual fee of 0.29% applied to the invested balance. This example is for illustrative purposes only and is not a forecast. The scenario assumes monthly contributions over an 18-year period, with payments made at the start of each year period and no payment at the end of the 18-year period. Figures are nominal (future dollars) and do not account for taxes or the impact of inflation on purchasing power.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}