For many parents, securing a child's future means paying school fees or setting aside modest savings. For finance podcaster Jannese Torres, the goal is far more ambitious.
The US-based financial educator believes her 15-month-old daughter could become a millionaire before adulthood. Her plan has drawn attention online and sparked wider conversations aroundgenerational wealth, financial literacy, and the pressure many families face amid rising living costs.
Torres, host of the popularYo Quiero Dineropodcast, says her daughter has already accumulated roughly $13,000 across several financial accounts. These include a 529 college savings account, a brokerage investment account, and a Roth IRA. The Roth IRA is usually reserved for people with earned income. Torres says her daughter qualifies because she appears in social media content and receives a modelling payment of $625.
According to Torres, consistently investing around $2,000 each month over the next 17 years could potentially grow into seven-figure wealth through long-term market gains.
Speaking about her motivation, Torres said her own upbringing heavily influenced the way she now approaches money and parenting. Raised in a Puerto Rican family in New Jersey, she recalled how financial decisions were largely handled by men in the household. Women managed bills and daily budgets, but major money conversations often happened separately. Her parents also struggled with credit card debt and eventually filed for bankruptcy. 'My whole goal is making sure that she has as many options as possible, because I didn't have that for myself,' Torres said.
While the idea of making a child a millionaire may sound unrealistic for most households, Torres says the wider lesson is about starting early rather than aiming for extreme wealth. She believes even modest contributions can become meaningful over time due to compound growth.
According to Torres, putting aside an extra $50 to $100 each month can still create long-term financial stability for children if families remain consistent. She also encourages relatives and friends to contribute to savings accounts instead of buying physical gifts.
A post shared by Jannese Torres | Latina Money Expert (@yoquierodineropodcast)
For her daughter, Torres allows family members to send money directly into educational savings plans during birthdays and holidays. 'Toys collect dust. She outgrows clothes,' she said while reflecting on the financial burden student debt placed on her own life.
The approach reflects a growing trend among younger parents who are increasingly focused on financial planning from early childhood. Rising university costs and economic uncertainty have pushed many families to think differently about long-term savings.
Source: International Business Times UK
