How do we raise kids who are curious, confident, and capable when it comes to money? In this episode of Raising the Next Gen, I sit down with Justin Chung, host of the MoneyDad Podcast, to explore how parents can do away with a scarcity mindset and embrace an abundance mindset with their kids.
We talk about age-appropriate ways to talk to kid about money and how parents can model a healthy relationship with finances. We get creative with fun kid-friendly entrepreneurial ideas and actionable ways to help kids build financial skills and self-belief. And of course, we talk about whether or not to give kids an allowance!.
Tune in to get inspired to raise money-smart kids who see possibility, not limits.
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Book recommendations mentioned in this episode:
Rich Dad, Poor Dad by Robert Kiyosaki
The Wisest Investment by Robin Tobe
Raising Your Money-Savvy Family for Next Generation Financial Independence by Carol Pittner and Doug Nordmand
First to a Million: A Teenager's Guide to Achieving Early Financial Indpendence by Dan Sheeks
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Learn more about Justin Chung:
Justin got hooked onto real estate investing in the 2007 when his father lent him money to purchase a rental in Waterloo, Ontario, where Justin previously studied for university. Thus began Justin’s journey into learning how to use real estate to build passive income and wealth.
After Justin’s mother passed away after a lengthy battle with illnesses, an energy was unleashed inside Justin. Now fully understanding that life can change in an instant, and that nothing is guaranteed, he used his mother’s passing as fuel to further build his real estate portfolio with the goal to help family and friends to create their own long-term wealth.
And when Justin became a dad, he felt a tremendous amount of responsibility to raise and guide his children to be the best humans, including helping them learn about money.
Through Justin’s MoneyDad Podcast, he is focused on serving like-minded parents, curating actionable, practical knowledge on strategies, tactics and mindset secrets to help us teach our kids about money and wealth building, so they can win the money game!
Tune in to the MoneyDad Podcast and follow Justin on Instagram.
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