19 - Investing for Minors is a TAX BREAK You are Missing Out On

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MUSLIM WOMEN INVEST

Dr Miral A Khalil

28 episodes

2 weeks ago

Retire before your parents!

The Muslim Women Invest podcast is dedicated to spreading financial literacy amongst Muslim Families. I am your host Dr Miral Azam Khalil, a physician, an investor, a picture book author and a homeschooling mother!

And you can be all of this too, by creating financial independence through investing!

Our mission is to empower Muslim women so they can steer their families into an abundant mindset. The money follows 😉

Halal vs haram, zakat, fidya, the list goes on. Islamic finance is nuanced and we are here to educate you All.

Tune in weekly for bite sized episodes with an actionable step that will take you closer to retiring as a Millionaire!

All content for MUSLIM WOMEN INVEST is the property of Dr Miral A Khalil and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.

Entrepreneurship

Business,

Investing

19 - Investing for Minors is a TAX BREAK You are Missing Out On

MUSLIM WOMEN INVEST

8 minutes 35 seconds

1 year ago

19 - Investing for Minors is a TAX BREAK You are Missing Out On

Let me tell you my favorite way to save money on your taxes each year:

Hire your children.

That sounds very strange, doesn't it? But in reality, it's actually a fantastic (and entirely legal!) way to begin investing for your children early on...as well as reducing your own taxable income.

This involves investing in a Minor IRA Account, an IRA made specifically for people to invest on behalf of their children. And if you get started early, I promise you that you can take huge strides toward creating generational wealth for your family...and making it possible for your children to retire as millionaires.

WORK WITH MIRAL:

If you're ready to transform the trajectory of your life and the lives of your family members through investing, book a consultation with me: https://www.invest4lifemk.com/offers/h3mat9zz/checkout

CONNECT WITH MIRAL:

Want to learn more? Visit my YouTube channel: https://www.youtube.com/@muslimwomeninvest

Follow me on Instagram: https://www.instagram.com/muslimwomeninvest/